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Read More »Ethereum Investors Accumulate Steadily as Bitcoin Holders Cash Out: ITB
Historically, Bitcoin has played a crucial role in driving market trends. Due to this substantial influence over other cryptocurrencies, BTC has, time and again, served as a primary indicator. While long-term holders of Bitcoin started liquidating their positions in January, their Ethereum counterparts have been steadily accumulating. Divergence Among Ethereum Holders The behavior of long-term holders is crucial for gauging market cycles. As price increases, these investors...
Read More »Stablecoin Issuers Collectively Become the 18th Largest Holders of US Debt
Stablecoin issuers now hold over $120 billion in US Treasury notes, becoming the 18th largest holder of US Debt and overtaking numerous nations. Out of the $120 billion, Circle holds about $29 billion and Tether holds a whopping $91 billion. The former holds short-dated US Debt, like repos, and the latter holds Treasuries. However, concerns begin to mount as demand for US Debt grows in the crypto industry and elsewhere, and the US needs to consider appropriate debt management measures....
Read More »Bitcoin Options Market Continues to Stay Bullish with $100K Calls Despite Selling Pressure
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Read More »Ferienzeit, Reisezeit: Bitcoins versteckte Vorteile auf Reisen
Die Ferienzeit ist da, und damit auch die Reisezeit. Viele Reisende greifen standardmäßig zur Kreditkarte, doch Bitcoin bietet überraschende Vorteile, die oft übersehen werden. Während Kreditkarten weit verbreitet sind, können sie im Ausland mit hohen Gebühren und ungünstigen Wechselkursen verbunden sein. Bitcoin hingegen kann eine kostengünstigere und flexiblere Alternative darstellen. Einer der grössten Vorteile von Bitcoin ist die Unabhängigkeit von Banken und...
Read More »CertiK Finds Kraken Vulnerability, Drains $3 Million From the Exchange
CertiK, the Web3 cybersecurity firm, has exploited a vulnerability in Kraken’s software to siphon away $3 million. Kraken has accused CertiK of not returning the funds and trying to extort it for unreasonable amounts. On June 9, CertiK siphoned away the $3 million despite making a minute transaction of just $4, which was enough to alert Kraken. So, the exchange felt there was no reason to drain its treasury of the millions. No user funds were affected during this fiasco. Nick Percoco, Chief...
Read More »Bitcoin Price Down 2.3% as US Spot BTC ETFs Registers 5 Consecutive Days of Net Cash Outflows
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Read More »Bitwise Prepares for Ethereum ETFs with Mintable NFT Commercial
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Read More »3 Reasons Bitcoiners Should Also Buy Ethereum, According To Bitwise
With spot Ethereum ETFs on the horizon in the United States, should existing Bitcoin ETF holders split their crypto holdings into ETH? In a Twitter thread on Thursday, Bitwise CIO Matt Hougan offered three reasons for why this might be a good idea. Why Bitcoin Holders Should Buy Ethereum The first, Hougan wrote, is for the sake of diversification. Since predicting the future of crypto is difficult, holding a stake in both leading assets can provide investors relief in case...
Read More »Stablecoins Could Capture 10% of Global Economy in the Next Decade: Circle CEO
Circle CEO Jeremy Allaire has stated that stablecoins could account for 10% of “global economic money” within the next decade or so. Allaire shared his vision in a June 19 X post, revealing the biggest reasons he’s “more optimistic” about crypto and stablecoins than ever before. Stablecoins Could Revolutionize Global Economy Allaire noted that stablecoins, a ‘killer app’ for crypto, have enhanced cross-border commerce, reduced remittance costs, and provided banking solutions...
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