NYSE and Nasdaq Revoke Three Additional Requests for Cryptocurrency ETF Options Changes Interest is rising in Bitcoin and Ethereum ETF options as new developments unfold. Withdrawal of Requests The New York Stock Exchange (NYSE) American and Nasdaq International Securities Exchange (ISE) have withdrawn three requests for rule changes that concerned the listing of options on […]
Bitcoin Price Declines as Gold Surpasses $2,500 for the First Time Bitcoin’s recent price movement has diverged sharply from gold’s impressive rise, with the latter reaching an all-time high. Current Market Overview Bitcoin (BTC) faced a disappointing opening as it remained within a narrow trading range while gold set a new record. The divergence in […]
Bitcoin Enters ‘Accumulation’ Phase — Implications for BTC Price Recent data indicates that Bitcoin (BTC) may recover above $66,000 by September, though it faces notable resistance around the $61,700 mark. Long-term Holder Accumulation Resurfaces According to On-Chain College, Bitcoin’s long-term holder accumulation rate has reached its highest level in 15 months. This was highlighted in […]
Bitcoin Funding Rates Fall to Lowest Levels of the Year, Bearish Sentiment Emerges Recent data reveals that Bitcoin funding rates on Binance have dropped to their lowest point this year, indicating a notable shift in market dynamics and increasing short positions as institutional interest declines. Current Market Overview According to insights from CryptoQuant, the Bitcoin […]
Institutional Interest in Bitcoin Lacks Momentum at $58K Recent analysis indicates that institutional interest in Bitcoin may be waning, particularly at its current price point. According to crypto analyst Markus Thielen from 10x Research, one stablecoin metric is essential for capturing this trend, but it is not currently suggesting a robust interest. Current State of […]
Critical Bitcoin Indicator Shows ‘Bearish Cross’ as Price Drops Below $58K The recent crossing of a key Bitcoin indicator on multiple timeframes has raised concerns among traders regarding potential short-term weaknesses in the market. Understanding the Bearish Cross A prominent Bitcoin indicator is signaling alarm among crypto traders, indicating that the asset might experience further […]
New Developments in Bitcoin Sidechains: Introducing BitVM2 Robin Linus has released a whitepaper detailing BitVM2 and the BitVM Bridge, two innovative enhancements that provide substantial advancements over the initial BitVM version. The team behind the Bitcoin Virtual Machine (BitVM) has introduced a second iteration of their sidechain, known as “BitVM2,” along with the BitVM Bridge, […]
This weekly summary highlights significant developments in the Asian blockchain and crypto industry. Closure of South Korean Metaverse Platforms Amid Scandals and Declining Interest With a technologically savvy populace, rapid internet access, and a strong gaming tradition, South Korea was once a prime environment for metaverse innovations. However, several notable metaverse platforms are facing closure, […]
Bitcoin Struggles Amid Ongoing Bearish Sentiment Bitcoin’s value has dropped as the interest in leveraged long BTC futures and stablecoins declines. Bitcoin ( BTC ) has remained within a narrow trading range since August 8, struggling to break the $62,000 threshold while maintaining support around $58,000. This period of consolidation reflects an increase in uncertainty […]
Limited Demand Expected for Solana ETFs, According to Research Insights Recent findings suggest that there may be insufficient interest in Solana exchange-traded funds (ETFs) among investors in the United States. Katalin Tischhauser, the head of investment research at Sygnum Bank, has raised concerns about the uptake of such investment vehicles. Observations on Grayscale’s Solana Fund […]
