Digital asset investment products recorded outflows of $360 million last week despite the market recently digesting yet another US interest rate cut. The selling pressure wasn’t driven by the rate cut itself, but by how investors read Fed Chair Jerome Powell’s language at the post-FOMC press conference. Powell made it clear that another cut in […]
The world’s largest crypto by market capitalization has failed to stay within its consolidation range between $106,000 $116,000 as buying power wanes, according to Bitfinex Alpha. The price movement is demonstrating little conviction from the bulls, leading to a decline in investor confidence and sentiment. The crypto asset briefly climbed to $116,000 last week, offering […]
Stream Finance’s staked stablecoin, XUSD, lost its peg early Tuesday, falling by more than 60% after the DeFi protocol disclosed that an external fund manager had lost approximately $93 million in managed assets. The event shook the DeFi circles, causing XUSD to plummet to a new all-time low of $0.30, according to data from CoinGecko. […]
New data has revealed a steep drop in activity from small-scale Bitcoin (BTC) investors on major trading platforms, with Binance experiencing an 80% collapse in daily deposits from this group since early 2023. Some market watchers are seeing the shift as a fundamental change in market structure, where traditional retail participation is being replaced by […]
Ethereum (ETH) is trading at around $3,700 at press time, down over 4% in 24 hours and nearly 11% on the week. While near-term momentum has turned bearish, several analysts are looking at this zone as a possible springboard for a broader move. Analysts Watch $3,800 as Key Level Ali Martinez outlined what he called […]
Chainlink (LINK) has lost almost 30% over the past month, including a fresh 8% drop in the last 24 hours alone. The latest data, however, suggests that the token might be quietly entering one of its strongest accumulation phases in recent memory. Strong Accumulation Signal Over just the past 30 days, CryptoQuant found that more […]
US President Donald Trump made some controversial comments on his own recent decision to pardon Binance’s founder, Changpeng Zhao. In a recent 60 Minutes interview, he claimed that he didn’t know who CZ was, but he pardoned him because he “heard” his case was a “Biden witch hunt.” When pressed by host Norah O’Donnell on […]
Bitcoin’s minor rally on Sunday ended with another rejection that pushed the asset south hard to just over $107,000 minutes ago. Aside from the POTUS’s most recent comments on several highly volatile topics, BTC OG wallets have deposited large amounts to centralized exchanges with the most likely plan to sell them. BTCUSD. Source: TradingView Trump’s […]
Ripple’s RLUSD stablecoin is nearing a market capitalization of $900 million, according to the company’s latest October independent attestation report. The figure has more than doubled in just three months, climbing from $400 million in August. Launched less than a year ago, RLUSD is pegged 1:1 to the US dollar and backed by deposits, short-term […]
Blockchain analytics firm YZi Labs has reported that Binance Coin (BNB) ownership has become widely “dispersed” across the network. More tokens have moved into self-custody and exchange-held public wallets. BNB’s Ownership Profile According to YZi Labs’ latest data, roughly 66-67% of BNB’s total supply is held by public participants, including exchange users and those in […]