Author: finance
In a pivotal turn of events for the cryptocurrency sector in the United States, acting Securities and Exchange Commission (SEC) Chair Mark Uyeda has divulged plans to reevaluate a contentious proposal which mandates digital asset exchanges to register under alternative trading system (ATS) rules. Assessing the Current Regulatory Stance on Crypto Exchanges by Uyeda This proposal, initially put forward in 2022, aimed to broaden the “exchange” definition in an attempt to fill a “regulatory vacuum” concerning different trading platforms. It came under substantial criticism from the industry, predominately from frontrunners like Coinbase, who countered that the regulations would significantly hamper…
Immerse yourself in this exciting read, where we delve into the latest insights about cryptocurrency investment flows from CoinShares, a top-ranking European digital asset manager. CoinShares recently unveiled a fascinating report disclosing dips and rises in digital asset investments, intriguing patterns, and investor sentiments. Read on to grasp these investment patterns that might just reshape your cryptocurrency strategies. A Closer Look at Investment Flows CoinShares’ up-to-the-minute report lays bare the fourth consecutive week of asset outflows from digital assets, approximating a hefty $876 million. CoinShares’ distinguished Head of Research, James Butterfill, draws attention to the prevalent bearish investor sentiment, despite…
In the rapidly evolving realm of cryptocurrency, MicroStrategy, helmed by Michael Saylor, is laying out ambitious plans to secure an additional $21 billion in Bitcoin (BTC) via an At The Market (ATM) program. Without doubt, these significant investment plans are a strong indication of the maturity and potential of the cryptocurrency market. MicroStrategy’s Bold Bitcoin Move MicroStrategy is planning to sell $21 billion worth of its 8% Series A perpetual strike preferred stock. These stocks come with an 8% dividend, have a nominal par value of $0.001 and are effortlessly convertible into Class A common stock of MicroStrategy, with no…
As we delve into the world of cryptocurrencies, one digital asset that’s been garnering notable attention recently is Shiba Inu, often identified by its ticker symbol, SHIB. This meme-inspired cryptocurrency has experienced a considerable price dip, which, according to on-chain data, can be attributed to increased selling by large-scale investors, often referred to as “whales”. This exodus of Shiba Inu whales has seemingly unnerved lesser investors and triggered a downward momentum in the token’s price. Shiba Inu’s Price Plummet Attributed to Whales Data sourced from blockchain analytics offered by IntoTheBlock highlights that whale wallets, or accounts of large-scale investors, have…
The recent decision of Utah’s State Senate to pass a bill connected to cryptocurrency, albeit with some significant alterations, is a topic that has sparked immense interest among industry experts and enthusiasts alike. This modified legislation, which no longer permits the state treasury to invest in digital assets, is making its way to Utah Governor Spencer Cox’s desk awaiting his signature to become law. Utah’s Bitcoin Bill: An Unexpected Turn On March 7, the state senate of Utah gave a green signal to House Bill 230 (HB230), popularly referred to as the “Blockchain and Digital Innovation Amendments”. This development was…
In the ever-fluctuating world of cryptocurrency, the most recent tides have swept across the derivatives market. A massive liquidation event has unfolded, with digital assets such as Bitcoin leading the charge in this plunge. This compelling analysis, meticulously vetted by experts in the field, puts a spotlight on these recent trends, providing detailed insights. Understanding the $680 Million Crypto Liquidation Wave The market is buzzing with discussions revolving around the mass liquidation event that transpired on crypto derivatives platforms. As per CoinGlass data, this financial storm has led to a staggering amount of liquidations within just the last day. These…
Drilling into the world of crypto, it’s fascinating to note how market trends can fly off the anticipated tracks and yet hold value. A recent assertion by well-known crypto market expert, Merlijn The Trader, indicates such a trend. Bitcoin (BTC), he suggests, is treading the ‘megaphone pattern’. This sounds alarms for potential upside momentum. However, there’s a catch – BTC must sustain the $72,000 price point for the pattern to materialize. Decoding the Megaphone Pattern: BTC’s High-Stakes Game In the ever-dynamic crypto world, BTC recently stumbled, dropping under the dire $80,000 price benchmark. It plummeted to a frightening low of…
In the ever-evolving field of digital assets, the performance of the cryptocurrency market in the first quarter (Q1) of 2025 didn’t meet predictions made in the tail-end of 2024. This twist in trends is epitomized by the performance of Bitcoin (BTC), widely recognized as the leading digital asset in terms of prevalence and influence. The aftermath of its worst dollar-value decline week in history has seen its price slump by 15.14% in 2025, contrary to expectations. Bitcoin’s Plummeting Returns in 2025 Compared to Forecasts This unanticipated downturn is exemplified in the week commencing March 3, 2025. BTC recorded a substantial…
The blockchain and cryptocurrency environment gears up for a week filled with decisive events. As Bitcoin’s immediate trajectory possibly hinges on a significant event scheduled for March 11, the industry counts down the days with bated breath. Familiarize yourself with the noteworthy events and updates that may shape the trends in the crypto market this week. Bitcoin (BTC) A significant event slated for March 11 in Washington, D.C. might potentially determine Bitcoin’s immediate direction. The “Bitcoin for America” summit, co-hosted by Senator Cynthia Lummis and the Bitcoin Policy Institute, draws an audience of crypto enthusiasts. Esteemed speakers like Vivek Ramaswamy,…
Discovering the possibilities within the cryptocurrency markets is an exciting journey, often characterized by riveting stories of astonishing gains and losses. One such story that has gripped the crypto community recently involves a mysterious ‘whale’ who reportedly pocketed a cool $2.15 million profit within a scant 50 minutes. How? By strategically leveraging the market’s volatility, the whale utilized a high-risk, high-reward approach. The details of this intriguing tale have been provided by leading crypto on-chain analytics platform Lookonchain. The Artful Transaction of the Cryptocurrency Whale According to Lookonchain’s report on March 10, the unnamed investor timed a long position on…