Report Reveals Surge In Institutional Bitcoin Adoption, How Far Will It Go?
The cryptocurrency industry has experienced a significant downturn in the last 18 months due to concerns about high inflation and its impact on finances. However, there is evidence of increasing institutional adoption of Bitcoin (BTC) amid these…
Ethereum’s Layer 2 Teams Want You to Clone Their Code
By making their code open source and easy to replicate, projects including Arbitrum, Optimism and zkSync are making it easier for copycat blockchains to steal away their users – in pursuit of broader ecosystems of related networks.
Biggest Movers: SHIB, MATIC Fall 5% Lower on Wednesday, Hitting 1-Week Low
Shiba inu was down by as much as 5% on Wednesday, as the meme coin slipped to a one-week low in today’s session. Market uncertainty has heightened in recent days, following the news that Prime Trust has been placed into receivership. Additionally…
Stellar (XLM) Continues Surge As Major Coins Land In The Red
Stellar (XLM) price has continued to surge as the broader crypto market sees correction. The token surprised market participants with interesting price movements over the past seven days. Stellar leads top-gainers with a 4.19% growth in 24 hours…
First Mover Americas: First Leveraged Bitcoin ETF in U.S. Trades $5.5M on Day One
The latest price moves in bitcoin (BTC) and crypto markets in context for June 28, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Judge Rejects Bankman-Fried’s Attempt to Dismiss Criminal Charges, Calls Arguments ‘Unpersuasive’ and ‘Without Merit’
On Tuesday, U.S. district judge Lewis Kaplan rejected Sam Bankman-Fried’s attempt to dismiss criminal charges against him. Bankman-Fried claims he was charged in a manner that violates the “rule of specialty” as far as the extradition treaty…
Whale Trades LINK And BNB For PEPE And ETH In High-Value Transaction
In the crypto market, keeping an eye on the moves of the ‘whales’ – individuals or entities holding large quantities of digital assets, can often provide insights into asset market trends such as Ethereum (ETH) and PEPE. Earlier…
Bitcoin Correlation To Gold, Silver Drops To Cyclical Lows: Glassnode
Data from Glassnode shows the Bitcoin correlation to Gold and Silver has taken a plunge toward cyclical lows recently. Bitcoin Correlation With Gold & Silver Has Now Turned Negative According to data from the on-chain analytics firm Glassnode…
Bitcoin, Ethereum Technical Analysis: BTC Consolidates Below $31,000 Following Prime Trust Liquidation
After briefly rising above $31,000, bitcoin consolidated on Wednesday, as bulls moved to secure recent gains. The uncertainty came as crypto custodian Prime Trust entered receivership, after being found to be illiquid by authorities. Ethereum also…
Bitcoin Miners Send 315% Of Daily Revenue To Exchanges Recording High Interaction
In the fast-paced world of Bitcoin mining, recent unusual activity has caught the attention of cryptocurrency watchers. Particularly, a surge in exchange interactions has been observed, with Bitcoin miners sending a record amount to exchanges…
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