Binance co-founder Changpeng Zhao (CZ) has pushed back against Peter Schiff’s latest prediction for Bitcoin. This is after the economist’s recent warning of a “brutal” bear market looming over the digital asset. Critic Mocks BTC’s Fall Schiff, a well-known Bitcoin critic, said via X that the cryptocurrency’s 32% decline since August against gold shows that […]
Around 44,000 Bitcoin options contracts will expire on Friday, Oct. 17, and they have a notional value of roughly $4.8 billion. This expiry event is a little larger than last week’s, but there is unlikely to be any impact on spot markets, which have been mostly in decline this week. The US government remains in […]
Bitcoin suffered a fresh decline of 2% over the past 24 hours, falling below $111,000 on Friday. The ongoing market decline is being primarily driven by Binance-led selling pressure, said CryptoQuant. The company’s analysts, however, believe this represents a short-term correction rather than the end of the broader bull cycle. Bears Dominate in Short-Term Three […]
OKX has announced the expansion of its partnership with Standard Chartered Bank into the European Economic Area (EEA), as it extended a collaboration that first began in the United Arab Emirates earlier this year. The move introduces OKX’s collateral mirroring programme to institutional clients across Europe, which allows users to hold their assets securely with […]
Even though the global crypto market recently hit a valuation of more than $4 trillion, online searches for “buy Bitcoin” are still near multi-year lows. Analysts now suggest that the contrast could mean that while markets are expanding rapidly, mainstream participation may still be in its infancy. Social Media Debates Whether the Bull Market Has […]
95% of all Ether held by public companies was purchased in the past quarter alone, reported Bitwise on Wednesday. “Watch this space,” stated the crypto asset manager. Public corporations added 4.4 million ETH in the third quarter, resulting in a 1,937% increase over the previous one. There are only 27 public companies holding the asset, which […]
Sam Bankman-Fried, the disgraced FTX founder now serving a 25-year sentence for defrauding billions from customers, has reignited controversy by framing his 2022 arrest as politically motivated. In a recent GETTR post, reportedly shared via a friend, SBF claimed that his shift from center-left to centrist political views and subsequent large donations to Republican causes […]
Ripple has announced a strategic partnership with South Africa’s Absa Bank. Under the agreement, Absa will integrate Ripple’s custody technology to manage tokenized assets, including cryptocurrencies. With this partnership, Absa gains access to Ripple’s institutional-grade technology, while the latter advances its broader mission of integrating digital assets into mainstream financial operations across Africa. Institutional Digital […]
Fed Chair Jerome Powell’s comments on Tuesday have rekindled some confidence in crypto markets, as the likelihood of rate cuts increases. In a speech about the central bank’s balance sheet, Powell openly acknowledged the rising “downside risks to unemployment” in a dovish signal that the central bank is preparing to ease monetary policy. “Rising downside […]
Traders on Binance, the world’s largest cryptocurrency exchange, are becoming increasingly pessimistic, with data from the platform showing that sell orders and user deposits have been steadily rising. According to CryptoQuant analyst COINDREAM, it means that short-term confidence has fallen following last week’s historic market crash. Market Metrics Signal Waning Confidence COINDREAM’s analysis revealed that […]