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Bitcoin Tops $27K as Rates and Oil Retreat; Ether Outperforms on ETF Hopes

[Sep 28, 2023 1:19 PM] Cryptocurrency markets surged higher Thursday, with the price of bitcoin (BTC) breaking above the $27,000 level for the first time alongside easing macro pressures.

Strategic Competition and Digital Currencies: Insights from Daniel Flatley, Sarah Kreps, Chris Meserole, and Matthew Pines

[Sep 28, 2023 10:30 AM] In the world of finance, Bitcoin has emerged as a game-changer. This novel virtual form of money has the potential to revolutionize the global economy and transform the way the world conducts transactions. However, as with any disruptive…

FTX Bankruptcy Claims Soar in Value in Over-the-Counter Markets as Estate Recovers $7.3B

[Sep 28, 2023 8:25 AM] The expected payout to FTX creditors has reached 37 cents on the dollar, the highest since the company’s bankruptcy filing in late 2022. One top distressed-debt investor describes FTX claims as the “hottest ticket in town.”

Crypto Observers Warn of Risk Aversion as Oil Prices Top $93

[Sep 28, 2023 7:26 AM] The WTI oil has surged by 30% this quarter. The rally could feed into inflation, forcing central banks to keep rates elevated for longer than expected.

First Mover Americas: MakerDAO Exchange Balance Jumps; CZ Denies He Owns CommEx

[Sep 28, 2023 6:00 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 28, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Trader Says Bitcoin and Crypto Markets Need ‘Chaos’ for Price Growth

[Sep 28, 2023 3:35 AM] The crypto sector could need banking problems or uncertainty about the solvency of governments to generate sustainable growth momentum.

SEC Begins Consideration of Franklin, Hashdex Crypto ETFs, Delays Decision on VanEck, ARK Ether ETFs

[Sep 27, 2023 2:14 PM] SEC recently extended deadlines for ARK, GlobalX spot bitcoin ETFs.

Bitcoin price holds steady as S&P 500 plunges to 110-day low

[Sep 27, 2023 1:51 PM] The S&P 500 dropped to a 110-day low as the market digests what “higher for longer” means for stocks. Will Bitcoin begin to chart its own path?

Jade Protocol Faces Calls to Liquidate $31M Token Treasury

[Sep 27, 2023 1:04 PM] The crypto club Jade Protocol could become the latest DAO to die.

Bitcoin Slides Back Towards $26K as Surging Interest Rates Trigger Macro Jitters

[Sep 27, 2023 12:14 PM] The U.S. 10-year Treasury yield rose another nine basis points Wednesday to a new 16-year high of 4.63%.

Price analysis 9/27: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC

[Sep 27, 2023 11:31 AM] Bitcoin, and even some altcoins are holding steady even as the US dollar index steamrolls to a near 1-year high.

With All Eyes on a Spot Bitcoin ETF Approval, Don’t Sleep on ETH (or ETHE)

[Sep 27, 2023 9:45 AM] There’s a better trade than buying Grayscale’s GBTC if you’re optimistic the SEC will approve crypto ETFs.

The Future Of Energy: Bitcoin Mining

[Sep 27, 2023 8:12 AM] “Time-series analysis (Stern, 1993, 2000) shows that energy is needed in addition to capital and labor to explain the growth of GDP. But mainstream economics research has tended to downplay the importance of energy in economic growth. The principal…

Bitcoin Jumps 2%, Ignoring DXY's Rise to 10-Month High; XRP Eyes Death Cross

[Sep 27, 2023 6:06 AM] The uptick was initially led by spot market buyers, which squeezed out bearish derivative positions, one analyst said.

First Mover Americas: Binance Sells Russian Unit

[Sep 27, 2023 5:54 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 27, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Bitcoin, Ether Prices Stay Flat as Traders Eye Return of U.S. Equities Correlation

[Sep 27, 2023 2:42 AM] Crypto majors lost just under 0.5% as U.S. markets closed lower on Tuesday.

Bitcoin's Implied Volatility Gauge Tops Ether for Record 20 Straight Days

[Sep 27, 2023 2:13 AM] The spread between dominant crypto options exchange Deribit's forward-looking 30-day implied volatility index for ether (ETH DVOL) and bitcoin (BTC DVOL) has been consistently negative since Sept. 7.

Will Bitcoin price hold $26K ahead of monthly $3B BTC options expiry?

[Sep 27, 2023 12:50 AM] Bitcoin trading volumes at a five-year low and the S&P 500 reaching its lowest levels in over three months could spell trouble for BTC bulls.

Shiba Inu Ecosystem Token Bone Jumps 10% as Developers Take Key Security Step

[Sep 27, 2023 12:24 AM] The deployer contract for bone tokens was renounced late Tuesday, fuelling investor sentiment.

Digital Arm of Thailand’s SCBX and Korean Web3 Firm Hashed Ink R&D Partnership

[Sep 26, 2023 6:00 PM] The partnership comes weeks after KBank, rival of SCBX’s parent, announced a $100 million web3 fund.

Spot Bitcoin ETFs Should Be Approved ‘Immediately’: U.S. Congressmen

[Sep 26, 2023 3:27 PM] In a strongly-worded letter addressed to Securities and Exchange Commission (SEC) Chair Gary Gensler, a group of prominent U.S. Congressmen are calling for the immediate approval of spot Bitcoin Exchange-Traded Funds (ETFs). The bipartisan letter…

Do Bitcoin halvings spark BTC price rallies, or is it US Treasurys?

[Sep 26, 2023 11:20 AM] An intriguing chart shows a close relationship between U.S. 10-year Treasurys and Bitcoin halving price rallies.

Binance’s Liquid Staked Ether Jumps to $1.2B in TVL After Sudden $500M Inflow

[Sep 26, 2023 11:08 AM] Binance’s liquid staking ether (ETH) saw a sudden $500 million burst of inflows over the weekend, pushing its total locked value (TVL) to $1.2 billion.

Bitcoin Barely Holds $26K as Interest Rate Surge Continues

[Sep 26, 2023 10:58 AM] Higher yields are taking a toll on traditional assets as well, with the Nasdaq sinking 1.2% to its lowest level since early June.

Energy And GDP: You Have To Consume To Grow

[Sep 26, 2023 9:00 AM] This piece continues from A Most Ridiculous World: The Politicization of Energy from yesterday. Feeding the Grown and the GrowingStern, Burke and Bruns (2016)7 concluded in their analysis that access to electricity is not sufficient for…

First Mover Americas: Coinbase Registers With Central Bank of Spain

[Sep 26, 2023 6:01 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 26, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Crypto Fund Management Opportunity Could Be Worth as Much as $50B, Bernstein Says

[Sep 26, 2023 1:28 AM] The crypto industry is expected to transition into a formal, regulated asset management industry with more than $500 billion of assets over the next five years, the report said.

Bitcoin price at risk? US Dollar Index confirms bullish ‘golden cross’

[Sep 26, 2023 12:54 AM] Concerns over the U.S. dollar’s impact on Bitcoin may be overstated by investors, particularly in the longer term.

World May Not Be Ready for U.S. Interest Rate at 7%, JPMorgan CEO Says

[Sep 26, 2023 12:05 AM] U.S. rates at 7% could push the U.S. economy into a recession, triggering risk aversion in financial markets.

Optimism Slumps Most Among Crypto Majors Ahead of $30M Token Unlock

[Sep 25, 2023 1:59 PM] Optimism’s native token OP has dropped over 10% in a week, the most among the largest cryptocurrencies, ahead of its unlocking date that will increase the token’s supply.