Author Alexander Stefanov

Bitcoin ETFs See Largest Outflows Since September

On Tuesday, U.S. spot Bitcoin ETFs saw a notable outflow of $242.53 million, marking the largest single-day withdrawal since early September. This movement halted an eight-day streak of positive inflows.

02.10.2024 12:30 1 min. read Alexander Stefanov

Here is What the Recent Surge in Bitcoin Long Positions Indicates

A recent Datascope analysis shared via CryptoQuant showed that extreme swings in the ratio of long/short volume to open interest often signal major market reversals.

02.10.2024 11:00 1 min. read Alexander Stefanov

Bitcoin Mining Revenue Continues Downward Trend, Says JPMorgan

According to a JPMorgan report, in September the average Bitcoin (BTC) price and network mining rate rose slightly, while daily mining revenue and gross profits declined for the third consecutive month.

02.10.2024 9:30 1 min. read Alexander Stefanov

Dormant Bitcoin Wallet Holding $2.6M Revives After a Decade

A long-dormant Bitcoin wallet has been reactivated after more than 10 years, sparking interest in the crypto community.

02.10.2024 8:30 1 min. read Alexander Stefanov

Bitcoin Crashes to Almost $60,000 After Iran Bombs Israel

On Tuesday, Iran launched a missile attack on Israel in response to the recent killing of Hezbollah leader Hassan Nasrallah. The attack came after the U.S. warned that tensions in the region were likely to escalate.

02.10.2024 0:10 2 min. read Alexander Stefanov

BREAKING: Bitwise Submits XRP ETF Filing

A filing for a Bitwise XRP exchange-traded fund (ETF) has surfaced on the website of the State of Delaware’s Division of Corporations

01.10.2024 23:41 1 min. read Alexander Stefanov

Matrixport Strengthens European Presence with New Acquisition

Matrixport, a cryptocurrency financial services provider, is bolstering its European operations by acquiring the Swiss asset manager Crypto Finance.

01.10.2024 22:00 1 min. read Alexander Stefanov

Gold-Backed Token Surpasses $500 Million in Total Value

The gold-backed token has achieved a remarkable milestone, exceeding $500 million in total locked-in value (TVL) just months after its launch on July 9.

01.10.2024 20:00 1 min. read Alexander Stefanov

SoftBank Stock Soars on Potential $500 Million Investment in OpenAI

Shares of SoftBank Group Corp. surged on Tuesday following reports that the Japanese firm might participate in a significant funding round for OpenAI.

01.10.2024 18:00 1 min. read Alexander Stefanov

Japan Poised to Cut Crypto Taxes and Redefine Digital Assets by 2025

Japan’s Financial Services Agency (FSA) is preparing to reevaluate its crypto regulations, aiming to create a more investor-friendly environment by 2025, according to a Bloomberg report from Sept. 25.

01.10.2024 17:30 2 min. read Alexander Stefanov