The past few weeks have been brutal for BTC and the rest of the market. The largest digital asset plummeted by roughly $30,000 in less than ten days, and bottomed out (at least for now) on Friday morning with a drop to $60,000. Given this calamity, it’s almost expected that the overall investor sentiment has […]
Strategy CEO Phong Le told investors on Thursday that the company’s balance sheet remains stable despite recent crypto market turbulence, though extreme scenarios could pose challenges. The firm, the world’s largest corporate Bitcoin (BTC) holder, says it would only need to consider restructuring or additional capital if the cryptocurrency fell to $8,000 and remained there […]
Unlike investors who use the spot Bitcoin and Ethereum ETFs to gain exposure to the two market leaders, those opting for the XRP funds seemed unfazed by the latest crypto crash. Data from SoSoValue shows that the past week ended well in the green for the Ripple ETFs, even though the underlying asset’s price went […]
Ethereum co-founder Vitalik Buterin sold thousands of ETH over the past few days as the token fell below $2,000, according to on-chain data shared by Lookonchain. The sales came during a broader wave of large-holder deleveraging that pushed ETH to multi-month lows and added to already heavy selling pressure across the market. ETH Sales Coincide […]
Bitcoin (BTC) slipped to around $60,000 earlier today before rebounding toward $65,000, following one of the sharpest daily sell-offs in its history. The move has split traders between those calling the rebound a temporary technical reaction and others pointing to extreme fear as a setup for a recovery toward $70,000. Fear Spikes as Bitcoin Rebounds […]
The crypto industry has reportedly proposed sharing stablecoin reserves with community lenders as it steps up efforts to win over skeptical banks. The move aims to preserve the stalled crypto market structure bill that could significantly alter the financial system. Deposit Fears and the Search For Compromise A Bloomberg report revealed that crypto firms have […]
Ethereum co-founder Vitalik Buterin has said that many new Layer 2 (L2) networks are repeating shallow design patterns, and warned that generic EVM chains with optimistic bridges are holding back meaningful progress. His comments extend the public debate over whether today’s L2 ecosystem still aligns with Ethereum’s original scaling goals. No More “Copypasta” EVM Chains […]
Around 34,000 Bitcoin options contracts will expire on Friday, Feb. 6, with a notional value of roughly $2.1 billion. This event is much smaller than last week’s end-of-month expiry. Crypto markets have collapsed into bear market territory, losing around $686 billion since the start of the week, as sentiment plunges and both retail and institutional […]
The decentralized finance (DeFi) blockchain network, Flare, has unveiled first-of-its-kind modular lending markets for XRP, introducing permissionless lending for the cryptocurrency. According to a press release shared with CryptoPotato, the deployment features a partnership with the modular lending protocol, Morpho. Additionally, Flare is also joining forces with Mystic, a platform for curating lending markets across […]
In times of heightened uncertainty, rapidly evolving geopolitical situations, and volatility in the US government, investors have shown markedly different behavior toward the spot crypto ETFs. While those with exposure to the world’s largest cryptocurrency have been consistently pulling funds out of them, the XRP alternatives actually outperformed their counterparts with a strong daily net […]