News

Ethereum price struggles as large holders continue offloading

Ethereum (ETH) price is still under heavy sell pressure after the weekend’s market crash, with major holders continuing to offload despite bulls attempting a recovery. According to X (formerly Twitter) user Lookonchain, a whale and asset manager Metalpha dumped nearly $73 million in ETH in the latter hours of trading on Aug. 5. Onchain data […]
The post Ethereum price struggles as large holders continue offloading appeared first on CryptoSlate.

5 Aug 2024

Trump cautions Biden administration not to sell Bitcoin

The former president continues to highlight that if the United States does not innovate in the digital asset sector, other countries will.

5 Aug 2024

The Bitcoin bottom is not in — BTC traders set price targets in low $40K range

Crypto traders appear to agree that today’s market rout is far from over.

5 Aug 2024

Swan Bitcoin cancels conference amid staff reduction, mining shutdown

According to Swan Bitcoin CEO Cory Klippsten, “it just doesn’t feel like the right time for a festival” after the firm announced staff cuts in July.

5 Aug 2024

US legislators call for CFTC crackdown on election gambling as Polymarket betting hits ATHs

A coalition of US lawmakers has called on the Commodity Futures Trading Commission (CFTC) to prohibit gambling on American elections. Several legislators endorsed the letter, including Senators Elizabeth Warren (D-MA), Richard Blumenthal (D-CT), Chris Van Hollen (D-MD), and Sheldon Whitehouse (D-RI), along with Representatives Eleanor Holmes Norton (D-DC), Jamie Raskin (D-MD), and John Sarbanes (D-MD). […]
The post US legislators call for CFTC crackdown on election gambling as Polymarket betting hits ATHs appeared first on CryptoSlate.

5 Aug 2024

US government transfers 300 ETH — Arkham Intelligence

The 300 Ethereum coins were transferred from a wallet identified as “Noman Seleem Seized Funds” by the onchain analytics firm.

5 Aug 2024

Crypto market’s ‘perfect storm’ can lead to further massive capitulation

A rapid decline in the traditional markets has spread to cryptocurrencies, obliterating them with a significant drop in all major assets. What are the possible factors for this perfect storm?

5 Aug 2024

How does Bitcoin perform historically after its worst day of the year?

Quick Take On Aug. 5, Bitcoin experienced its worst-performing day of the year, with a peak-to-trough drop of approximately 16%. However, it has already rebounded by roughly 10% from the lows, with the day yet to close. Historically, Bitcoin’s volatility has led to similar drastic declines. Analyzing Bitcoin’s returns following its worst daily performance of […]
The post How does Bitcoin perform historically after its worst day of the year? appeared first on CryptoSlate.

5 Aug 2024

Bitcoin Bounces to $53K After Brutal Sell-Off Reminiscent of Covid Crash

Bitcoin's 30% decline in a week was for some observers reminiscent of the March 2020 crash, but there's been multiple occasions of similar drawdowns during previous bull markets.

5 Aug 2024

Europe’s fourth largest hedge fund put nearly $500M in Bitcoin ETFs — Filing

Other hedge funds are also reporting sizable positions in Bitcoin exchange-traded funds.

5 Aug 2024

Ethereum price recovery from 8-month low could take longer than expected — Analysts

Several factors accelerated ETH’s drop to $2,100, and analysts warn that the recovery could take some time.

5 Aug 2024

Is Bitcoin Still a Store of Value?

It depends on what you're trying to protect that value from. Day-to-day market volatility, no. Confiscation or monetary inflation, maybe.

5 Aug 2024

Arizona primary involving crypto Super PAC’s $1.3M is a squeaker

The primary between two Democrats in Arizona’s 3rd Congressional District will likely go to a recount, with money from crypto interests involved in the race.

5 Aug 2024

Elon Musk renews lawsuit against OpenAI, Sam Altman — Filing

Musk claims he was misled about the ChatGPT creator’s true purpose.

5 Aug 2024

Key takeaways from the Golden Boys’ attack on Compound DAO

A group of Compound DAO members called the "Golden Boys" won a narrow vote to manage 5 percent of the DAO treasury on members’ behalf. Here’s what we can learn.

5 Aug 2024

DePIN and Machine Data Can Change Web3

DePIN enables the tokenization of machines, opening up RWA investments and spreading benefits to owners and users, says Leroy Hofer, CEO and co-founder of Teneo Protocol.

5 Aug 2024

Crypto Candidate in Arizona Is Winning (So Far) Despite Sen. Warren’s Headwinds

A deluge of crypto-industry money may have helped achieve a very narrow Arizona congressional primary win this week for Yassamin Ansari, a crypto-cheering Phoenix City Council member who faced a candidate backed by Sen. Elizabeth Warren (D-Mass.)

5 Aug 2024

Harris Likely to Pick Pennsylvania Gov. Shapiro for Veep, Prediction Markets Say

Also: the Democrat gains on Trump but hasn't closed the gap, unlike in polls; Polymarket punters trade on Olympic women's boxing controversy; Fed will cut rates fast and hard in September, say bettors.

5 Aug 2024

CoinDesk 20 Performance Update: Index Plunges 22.6% Amid Global Market Decline

The CoinDesk 20 experienced a major downturn over the weekend with NEAR and LINK among the hardest hit.

5 Aug 2024

First Mover Americas: Bitcoin Crashes to $50K as ‘Perfect Storm’ Hits Crypto Market

The latest price moves in bitcoin (BTC) and crypto markets in context for Aug 5, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

5 Aug 2024

Nasdaq 100 and Nikkei 225 Suffer Huge Losses, while Dow Heads Lower

Global indices are suffering more heavy losses, and the Nasdaq 100 is expected to start the day around 900 points lower

Forex

5 Aug 2024

Deposit $FDUSD, Earn $FDUSD!

Simply deposit FDUSD, the latest US dollar stablecoin to be listed on Coins, and win FDUSD token rewards back!

5 Aug 2024

Enjoy Zero Fees on USDT Withdrawals via Solana!

Take advantage of 1 month of zero gas fees when you withdraw USDT using the Solana Network. Hurry, promo lasts from August 5 to September 5, 2024 only!

5 Aug 2024

Defi Giant Aave Rakes in $6M in Revenue as Crypto Market Plunges

The founder of decentralized finance protocol Aave said the platform generated $6 million worth of revenue during Monday's crypto market sell-off.

5 Aug 2024

Crypto Stocks Slump as Bitcoin, Ether Tumble

Coinbase, MicroStrategy and miners fell as equity markets declined worldwide.

5 Aug 2024

Risk Gauges Flash Red: VIX, Stocks, Bonds, USD and the Japanese Yen

Risk assets are getting pummeled, especially in Asia at the start of the new week. Numerous macroeconomic factors have aligned to force a shift towards traditional safe havens

Forex

5 Aug 2024

Bitcoin Drops 15% Against Japanese Yen, Outpacing Declines Versus USD, as Yen Carry Trades Unwind

Japan raised interest rates by 0.25% last week, leading to a strong Yen and a corresponding drop across risky assets including bitcoin.

5 Aug 2024

July Top Trader Program Winners

Winners are in! Congratulations to the July Top Traders!

5 Aug 2024

PSE Index Review: No change in PSEi composition

The Philippine Stock Exchange, Inc.’s (PSE) regular index review covering the July 2023 to June 2024 trading period showed the 30 companies comprising the PSE index (PSEi) will stay as is. The current PSEi members remain to be among the top stocks in terms of market capitalization, liquidity, and free float level. “The index review…

News

5 Aug 2024

Bitcoin Price Crash to $50K Dashes Carry Traders’ Hopes

Carry trading, a popular strategy from the first quarter, involves profiting from pricing discrepancies between two markets.

5 Aug 2024