Matrixport's Bitcoin Greed & Fear Index Surpasses 90%, Suggests Bull Breather Ahead
Historically, an above-90% reading on the index has coincided with interim market tops.
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First Mover Asia: Bitcoin Surge May 'Not Be the Beginning of the End of the Bear Market,' Analyst Says
ALSO: CoinDesk Senior Research Analyst George Kaloudis offers a straightforward explanation of why BlackRock and other financial services giants want to offer a spot bitcoin ETF.
NFL Rivals Scores 1M Downloads for NFT-Based Mobile Game
NFL Rivals, a free-to-play game from Mythical Games, has managed to score over a million downloads despite debuting amidst a harsh crypto environment and in the off-season of the NFL itself.
OPNX Files Defamation Lawsuit Against Mike Dudas, Issues Justice Tokens
The bankruptcy claims exchange from Kyle Davies and Su Zhu – the founders of failed hedge fund Three Arrows Capital – has also issued Justice Tokens that offer exposure to defamation lawsuits.
Prime Trust Has 'Shortfall of Customer Funds,' Nevada Regulator Says
Crypto custody firm Prime Trust has "a shortfall in customer funds" and was unable to meet all withdrawal requests this month, the Nevada Department of Business and Industry said Thursday.
Bitcoin Bobbles, Then Returns to Perch Above $30.1K as Investors Weigh ETF Prospects, Macroeconomic Data
A hawkish Bank of England rate hike and the latest U.S. jobless claims stirred markets little. A crypto executive writes that approval of a spot bitcoin ETF is “almost certain.”
It’s Game On for Web3: How Gaming Will Onboard a Billion People
While other industries like entertainment and loyalty programs have the potential to onboard millions of new users into Web3, gaming provides fertile ground for the seeds of mass adoption. Gamers are already familiar with virtual currency and…
Engaging the Masses: How Entertainment is Taking Web3 Mainstream
From creating rich NFT ecosystems to integrating crypto payments into existing models, entertainment giants, talent agencies and creative networks continue to find new ways to organically weave in Web3.
Loyalty, Memberships and Ticketing: How NFTs Will Bring About Mass Adoption
The conversation around NFTs has shifted from speculation to utility. Now, major players have opted to use NFTs to power loyalty, membership and ticketing services, signaling positive signs for mass adoption.
BlackRock Executive: Knowing Who Counterparties Are Is Key to Engaging Institutions in DeFi
BlackRock's views on KYC will likely carry weight in the ongoing struggle for regulation on the industry, given its ETF application.
Solana-Based Crypto Lending Platform Jet Pivots to Fixed-Rate Term Lending
The project's new model uses an order book to match borrowers and lenders, relying on a market-based mechanism to set interest rates.
Tron Founder Justin Sun Unstakes $30M of Ether from Lido, Sends Tokens to Huobi
Crypto wallets linked to Sun still hold some $543 million in Lido’s stETH token, according to Arkham Intelligence data.
Brian Armstrong Envisions Coinbase to Eventually Become a 'Super-App'
Coinbase will look more like Tencent's WeChat than the simpler crypto exchange interface of today, Armstrong said.
How Financial Advisors Can Navigate Crypto’s Turbulent Waters
FAs and RIAs shouldn’t run from crypto and digital assets, as long as they have the right playbook.
Bitcoin’s Ferocious ETF-Fueled Rally Puts Ether at Weakest Price Versus BTC in 2 Months
The largest cryptocurrency by market cap has benefited from rising investor optimism following multiple filings for spot bitcoin ETFs and its omission from tokens listed in SEC lawsuits earlier this month.
TrueUSD Says TUSD Stablecoin Has ‘No Exposure’ to Embattled Prime Trust
Stablecoin project TrueUSD said Thursday it had “no exposure” to embattled crypto services company Prime Trust as it raced to shore up confidence in its dollar-backed TUSD.
Pepecoin Becomes Biggest Meme Coin Gainer With 70% Weekly Jump
The tokens racked up $800 million in trading volumes over the past 24 hours, data shows.
This Is How Scammers Can Drain Your Crypto Wallet
Scammers use a variety of techniques to steal users’ money, some of which only require knowing your wallet address, a Forta Network researcher said.
Northstake Raises $3M to Boost Institutional Crypto Staking
The 2.8 million-euro fundraise comes from PreSeed Ventures, Morph Capital, The Aventures Fund, Funfair Ventures and Delta Blockchain Fund.
Startup Kaito Gets $87.5M Valuation in New Funding to Build AI Search Engine for Crypto
The search engine combines real-time data with large language models like ChatGPT.
Crypto Custody Firm BitGo Cancels Acquisition of Rival Prime Trust
Prime Trust has been losing clients and deposits to competitors for weeks amid mounting concerns over its business, a source at one former client told CoinDesk.
Wintermute Backs DEX Vertex Protocol in Strategic Investment
The amount of the investment wasn’t disclosed, and Wintermute will provide liquidity services to the decentralized exchange.
Algorand Cuts Block Time After New Upgrade
The protocol upgrade includes several improvements intended to make application development faster and more cost-efficient.
Crypto Friendly Xapo Bank Expands to India, Rest of South Asia
Xapo's CEO said the move "is in line with the positive shifts we are witnessing in Asia’s evolving crypto landscape."
First Mover Americas: BTC Crosses $30K and Bitcoin Layer 2 Stacks Networks Gains 15%
The latest price moves in bitcoin (BTC) and crypto markets in context for June 22, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Digital Pound Should Be Interoperable With Crypto, UK Lobbyists Say
Stakeholders also want the Bank of England to consider tougher caps on individual digital pound holdings to prevent bank runs.
Animoca Brands' Anichess Secures $1.5M for Decentralized Chess Game
The game, launching in early 2024, was made in partnership with Chess.com.
QCP Capital, SBI Alpha Execute First Uncleared Crypto Options Trade on Regulated Platform Using Bitcoin as Collateral
The trade was executed on the regulated Clear Markets platform and involved bitcoin as collateral. The risk management techniques involved were consistent with ISDA's requirements for uncleared derivatives.
South Korean Crypto Yield Firm Haru Invest Fires More Than 100 Employees: Report
Earlier this month, Haru Invest halted withdrawals and deposits.