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Bitcoin ETF Net Inflows Near $1B After Three Days

[Jan 17, 2024 3:04 PM] Grayscale's GBTC has seen sizable outflows as investors cash following its conversion to a spot ETF.

dYdX Tops Uniswap as Largest DEX by Volume

[Jan 17, 2024 2:20 PM] The decentralized exchange, which last year moved over to the Cosmos blockchain, just saw $757 million of volume over a 24-hour period.

Bitcoin and Ethereum to Lead Altcoins Higher in 2024

[Jan 17, 2024 12:08 PM] The rise of bitcoin and ethereum, and more favorable macro conditions, could be good news for altcoins this year, says Todd Groth, head of research at CoinDesk Indices.

Why 2024 Will Be Bitcoin's Year

[Jan 17, 2024 11:14 AM] ETF approvals and a halving set for April will change the supply-and-demand dynamic of bitcoin, likely sending the price higher, says John Stec at Global X.

Pricing Out Inscriptions

[Jan 17, 2024 10:30 AM] The battle for the future of Bitcoin is raging in real time on twitter as we are on the cusp of global economic contraction, thanks to 50+ years of the USD fiat regime, and are eagerly waiting for the approval of a spot Bitcoin ETF by the SEC. Yet…

'The Dow' for Crypto Markets? New CoinDesk 20 Index Underpins Futures Contracts at Bullish

[Jan 17, 2024 7:31 AM] Perpetual futures tied to the index at crypto exchange Bullish, which owns CoinDesk, could help the CoinDesk 20 become a widely followed benchmark akin to the 128-year-old Dow Jones Industrial Average.

First Mover Americas: Altcoins Lead, Bitcoin in Stasis Near $42.6K

[Jan 17, 2024 6:56 AM] The latest price moves in bitcoin [BTC] and crypto markets in context for Jan. 17, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

The Environmental Cost of Gold Mining

[Jan 17, 2024 6:30 AM] King Ferdinand of Spain, sponsor of Christopher Columbus, had only one command for the conquistadors: “Get Gold! Humanely, if possible, but at all hazards!” 500 years later this sentiment still seems to be the same, with the addition of new…

ARK Buys $15.9M Worth of Its Own Bitcoin ETF

[Jan 17, 2024 5:46 AM] ARK sold a similar amount - $15.8 million - worth of shares in the ProShares Bitcoin Strategy ETF (BITO), the first ETF linked to the bitcoin futures market to list in the U.S.

Bitcoin's ‘De-Dollarization’ Narrative Loses Ground As USD Tightens Its Grip on International Transactions

[Jan 17, 2024 5:22 AM] The crypto market's de-dollarization expectations look premature as the greenback remained the preferred currency in international transactions in 2023.

Fidelity's Jurrien Timmer Says Bitcoin to Consolidate Recent Gains Amid ETF Hangover

[Jan 17, 2024 3:03 AM] Some have forecasted sharp declines in bitcoin's price as traders 'sell the news' post-ETF approval, but Fidelity's Director of Global Macro disagrees.

Bitcoin Sees Its First Ever Weekly 'Golden Cross'

[Jan 17, 2024 1:37 AM] The 50-week simple moving average (SMA) of bitcoin's price has crossed above the 200-week SMA for the first time on record.

Chiliz, Klaytn Tokens Surge Over 10% on M&A Hopes, Bitcoin Listless

[Jan 16, 2024 11:54 PM] Klyatn and Finschia Foundation have proposed to merge the two blockchains to create a Web3 powerhouse in Asia.

Grayscale Moves Another 9K Bitcoin to Exchange in Preparation for Sale

[Jan 16, 2024 10:27 AM] The news sent bitcoin tumbling early Tuesday, but the price quickly recovered.

First Mover Americas: Binance Traders Led “Sell-The-Fact” Pullback in Bitcoin

[Jan 16, 2024 7:14 AM] The latest price moves in bitcoin [BTC] and crypto markets in context for Jan. 16, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

TUSD Loses $1 Peg Amid Binance's FDUSD Focus: Analyst

[Jan 16, 2024 2:24 AM] Binance introduced zero-fee FDUSD trading in December, giving users an incentive to sell.

Arthur Hayes Believes Bitcoin ETFs Could Bring in Billions From TradFi

[Jan 16, 2024 1:31 AM] ETFs could open up a line of trading avenues centered around arbitrage, options and financing, Hayes said.

Bitcoin's 'Sell The Fact' Pullback Came From Binance, OKX: Kaiko

[Jan 16, 2024 1:12 AM] The cumulative volume delta (CVD) indicator show traders from Binance have led the so-called "sell-the-fact" pullback in bitcoin.

Navigating the Uncharted Waters: Challenges Of Managing A Bitcoin Fund

[Jan 15, 2024 9:00 AM]  After FTX collapsed, scornful critics widely ridiculed Caroline Ellison's approach to stop losses. 'I just don't don't think they're an effective risk management tool,' she infamously told an audience during FTX's heyday. But did she have a…

Circle Highlights Surge in USDC Use for Asia Remittances in New Report

[Jan 15, 2024 8:00 AM] Since its introduction in 2018, USDC has been used to settle over $12 trillion in blockchain transactions.

First Mover Americas: Bitcoin Pulls Back to $42K; Venezuela Shutters Petro Crypto Project

[Jan 15, 2024 7:27 AM] The latest price moves in bitcoin [BTC] and crypto markets in context for Jan. 15, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Bitcoin Traders Eye Support at $40K as ETF Contrarian Bets Prove Right

[Jan 15, 2024 5:08 AM] The approval of spot bitcoin ETFs in the U.S. was much anticipated and well-priced, so the event will likely be a short- to mid-term top for the price, analysts said.

JPMorgan Sees Significant Capital From Existing Crypto Products Pouring Into New Spot Bitcoin ETFs

[Jan 15, 2024 4:13 AM] The newly created ETFs could attract inflows of up to $36 billion from other crypto products like Grayscale Bitcoin Trust (GBTC), the report said.

Tokenized Fund Adoption Grows but Brings Technology Risks: Moody's

[Jan 15, 2024 3:00 AM] Entities providing tokenization tech have a limited track record and may contribute to increased risk, a new report by analysts at the credit-rating agency says.

Bitcoin's Technicals Suggests Deeper Pullback to $38K: Analyst

[Jan 15, 2024 12:40 AM] Bitcoin's RSI divergence signals correction, 10x Research said.

BTC Tumbles Below $42K, Coinbase and Miners Plunge as Bitcoin ETF Mania Becomes 'Sell the News' Rout

[Jan 12, 2024 11:21 AM] Bitcoin dropped below $42,000 on Friday, plunging almost 10%, as the euphoria over the bitcoin ETFs approved this week gave way to a massive rout.

Bitwise, Fidelity See Biggest Bitcoin ETF Inflow, Grayscale Loses Only $95M in Early Tally

[Jan 12, 2024 9:54 AM] Data about inflows is still incomplete and market watchers might have to wait until Friday evening for the full picture, Bloomberg analyst Eric Balchunas pointed out.

BlackRock CEO Larry Fink says Bitcoin "Is An Asset Class That Protects You"

[Jan 12, 2024 8:35 AM] In a notable statement, BlackRock CEO Larry Fink has expressed a positive perspective on Bitcoin during an interview today with CNBC, affirming that it "is an asset that protects you." "I believe it goes up if the world is frightened, if the…

First Mover Americas: Franklin Templeton's Bitcoin ETF Becomes the Cheapest

[Jan 12, 2024 7:15 AM] The latest price moves in bitcoin [BTC] and crypto markets in context for Jan. 12, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

BlackRock CEO Larry Fink Backs Ether ETF

[Jan 12, 2024 7:05 AM] "I see value in having an Ethereum ETF,” Fink said in an interview with CNBC on Friday.