Markets

[PRESS RELEASE – Los Angeles, California, June 25th, 2024] Ordinal Hive, a cutting-edge player in the Bitcoin ecosystem, has announced a groundbreaking partnership with Merlin Chain. This collaboration aims to create the first Ordinal trading protocol specifically designed for professional traders, addressing a significant gap in the current market landscape. The partnership between Ordinal Hive and Merlin Chain represents a major step forward in the evolution of...

[PRESS RELEASE – Singapore, Singapore, June 25th, 2024] Cega, a leader in DeFi structured investment products, is thrilled to announce the launch of its latest offering—Shark Fin vaults. Cega aims to address a gap in the market for conservative investors and DeFi lenders that want to outperform existing lending rates, while protecting their principal and maintaining a delta-neutral profile. The “Bull Shark” vaults deliver on both these objectives. In addition, Cega supports...

[PRESS RELEASE – New York, NY, United States, June 25th, 2024] The company expands flagship Ethereum mainnet support to accommodate rising user adoption of layer 2 blockchains. Harpie, a blockchain security suite that protects retail investors and their digital wallets from theft, today announces the expansion of their flagship Ethereum wallet protection to include coverage for assets on layer 2 blockchains Base, Polygon, and Arbitrum. Layer 2 market capitalization has surged...

During previous bull markets, the Ethereum Foundation has demonstrated a keen ability to time the market with its ETH holdings. However, the foundation appears to have departed from this established pattern. Ethereum Foundation’s Unexpected Selling Restraint The Ethereum Foundation was found to have executed large sales of ETH near peak valuations in the past. This strategy has allowed the organization to capitalize on high prices and potentially secure funding for ongoing...

The recent impressive momentum of Ethereum (ETH) has reawakened the long-standing debate of Ethereum flipping Bitcoin (BTC). Is this ever going to happen? Well, several experts believe it’s a long shot, but ETH is poised to outperform Bitcoin (BTC) in the short term, as on-chain metrics show. In other news, a new Ethereum-based platform for trading tokenized ETFs, ETFSwap (ETFS), has taken the market by storm. Its ongoing presale has drawn massive interest from retail and institutional...

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In a constant downward trajectory over the past week, BTC dropped by another 3% on Monday, taking its value below $62,000 and wiping out any gains it recorded last week. The crypto market lost about 7% in value. ETH, ADA, and BNB recorded about the same losses as BTC at over 4%. SOL dropped by 7%, and memecoins collectively fell by 5%. Analysts point to continuous miner selling activity as they continue liquidating their rewards after the Bitcoin halving. Whales and miners have sold over...

Famous investor and author Robert Kiyosaki said on Monday that he was eagerly waiting to buy more Bitcoin after the asset’s price fell to $61,000 to start the day. But The Bitcoin Dip, Says Robert Kiyosaki The man behind the best-selling finance book Rich Dad Poor Dad asserted that selling in times of market turmoil is a sign of an “employee” mentality – one that he does not share. “Bitcoin is crashing. Most people should sell. I am waiting to buy more,” Kiyosaki wrote to...

Digital asset investment products experienced a second consecutive week of outflows shedding $1.2 billion which amounted to $584 million. According to CoinShares, this could potentially be a result of the pessimism amongst investors regarding potential Fed interest rate cuts this year. Altcoins See Inflows Amid Market Weakness Bitcoin bore the brunt and remained the primary focus with $630 million in outflows, although short positions did not increase significantly, as per...

The Monday massacre continues as the primary cryptocurrency slipped below $60,000 for the first time in nearly two months. The altcoins are in a dire state as well, with several double-digit price losers, as well as many others with 5-10% drops. CryptoPotato reported earlier today the adverse start of the trading week for bitcoin and the rest of the crypto market. Back then, the largest digital asset had lost over two grand within hours and slumped to a 6-week low of...