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Inverse futures contract, explained


Inverse futures contracts are a type of derivative where traders use the underlying cryptocurrency (like Bitcoin) as collateral but settle profit/loss in a stablecoin (like USDT).
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Cryptocurrency
13 Jun 2024

As UK Elections Approach, Crypto Industry Leaders Turn Attention to Keir Starmer, Labour Party

With U.K. opinion polls indicating a strong performance by the Labour Party in the July 4 elections, crypto executives and lobbyists are reportedly focusing their attention on party leader Keir Starmer. The crypto industry has also prioritized two othe...
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Cryptocurrency
13 Jun 2024

Curve Finance soft liquidation works, but CRV plunges 28%


Curve Finance’s LLAMMA successfully handled liquidation during a hack attempt, but the CRV token fell by 28%, sparking concerns in the DeFi community.
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Cryptocurrency
13 Jun 2024

Bitfarms pushes back against Riot’s $950M takeover attempt


Riot’s $950 million buyout offer is met with resistance as Bitfarms’ stakeholders and special committee deem it undervalued and not in shareholders’ best interests.
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Cryptocurrency
13 Jun 2024

Stick With Bitcoin, Avoid Ether, 10x Research Says After Fed Predicts Just One Rate Cut For 2024

ETF inflows resumed Wednesday as U.S. inflation came in lower-than-expected.
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Cryptocurrency
13 Jun 2024

Memecoins are a ‘cornerstone’ of crypto — Galaxy’s Novogratz


Galaxy Digital CEO Michael Novogratz has hailed memecoins as the “most powerful narratives out there,” but others in the crypto industry are not so confident.
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Cryptocurrency
13 Jun 2024

Bitcoin 92-day consolidation is setting up a ‘massive’ rally — Traders


Bitcoin is now trading in its “longest” consolidation period, but the longer the consolidation, the “larger the expansion,” according to traders.
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Cryptocurrency
13 Jun 2024

Euro’s Reserve Currency Status Threatened as Its Share of Foreign Reserves Holdings Drops

A report from the European Central Bank indicated that the euro’s share of foreign exchange reserves declined by one percentage point to 20% in 2023. According to the report, the continued diversification of global reserve portfolios into nontraditiona...
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Cryptocurrency
13 Jun 2024

Andrew Tate token surpasses MOTHER amid claims of insider activity


Bubblemaps’ analysis claims a handful of wallets purchased 30% of the supply of the memecoin DADDY before Andrew Tate promoted it online.
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Cryptocurrency
13 Jun 2024

Bitcoin whales scoop up $1.4B in 24 hours amid market correction


The huge and sudden uptick in Bitcoin whale accumulation came as Bitcoin supply on exchanges fell to its lowest level since December 2021.
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Cryptocurrency
13 Jun 2024

TON flips ETH in daily active addresses, but that’s not the full picture


TON has seen more daily active addresses than Ethereum in 10 of the last 11 days — however, that figure doesn’t include Ethereum layer 2s.
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Cryptocurrency
13 Jun 2024

Uzbek Court Sentences Student to 10 Days in Prison for Crypto Sales

A 24-year-old Termez State University graduate has been sentenced to 10 days of administrative imprisonment for selling cryptocurrency notcoin. Termez State University is a public institution located in the capital of Surkhandarya province, Uzbekistan....
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Cryptocurrency
13 Jun 2024

Analyst targets $91.5K Bitcoin next despite Fed’s ‘hawkish tone’


Pseudonymous analyst CryptoCon is confident Bitcoin will surge 25% above current all-time highs — its next big “step” before cracking the cycle’s top of $123,982.
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Cryptocurrency
13 Jun 2024

Thai Finance Minister Revokes Crypto Exchange Zipmex’s Licenses

The Securities and Exchange Commission (SEC) of Thailand announced Monday that the Thai Minister of Finance has revoked Zipmex’s digital asset exchange and broker licenses effective May 28, 2024. This decision, which followed the Thai SEC Board’s...
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Cryptocurrency
13 Jun 2024

Britain’s public healthcare chief flags rise in crypto trading addiction


NHS boss Amanda Pritchard called for action, saying specialist clinics are seeing a rise in young people with crypto trading addictions.
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Cryptocurrency
13 Jun 2024

Donald Trump Pledges to Champion Bitcoin Mining in Historic Meeting With Industry Leaders

Former U.S. President and presidential candidate Donald Trump has engaged with leaders in the bitcoin mining sector, expressing his support for the industry. Trump stressed that bitcoin mining “may be our last line of defense” against a cen...
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Cryptocurrency
13 Jun 2024

Asia’s Gold Rush: Investors Seek Safe Haven Amid Economic Uncertainty

Demand for gold in Asia is surging despite high prices, as buyers seek a hedge against geopolitical and economic uncertainty. In Japan, there is currently a strong bullish sentiment on gold. Chinese investors, facing currency devaluation, real estate d...
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Cryptocurrency
13 Jun 2024

Bitcoin miners rise 10% after Trump promises to back US miners


The biggest winners on June 12 were TeraWulf, Hut 8 Mining and Core Scientific.
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Cryptocurrency
12 Jun 2024

Trump vs Biden: Riot’s Morgenstern Highlights Stark Contrast in Crypto Policies

Brian Morgenstern of Riot Platforms shared his insights on the 2024 election’s impact on bitcoin and the crypto industry, praising former U.S. President Donald Trump’s pro-bitcoin stance and criticizing President Joe Biden’s regula...
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Cryptocurrency
12 Jun 2024

TON is paving a path to the future for crypto


TON's integration with Telegram has made it easier for users to use crypto to pay for goods and services — without realizing it involves blockchain.
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Cryptocurrency
12 Jun 2024

Bill Miller Explains Why Bitcoin Is Still Undervalued

Bill Miller IV, chairman and CIO of Miller Value Partners, has explained why bitcoin is undervalued despite the cryptocurrency’s recent highs. He emphasized bitcoin’s potential as a revolutionary monetary system superior to fiat currencies,...
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Cryptocurrency
12 Jun 2024

World’s Largest Bank ICBC Sees Bitcoin as Digital Gold — Calls Ethereum ‘Digital Oil’

The Industrial and Commercial Bank of China (ICBC), the world’s largest bank by total assets, recently compared bitcoin to digital gold and labeled Ethereum “digital oil” in a report. The bank emphasized the roles of these cryptocurre...
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Cryptocurrency
12 Jun 2024

Blockchain thriving among Fortune 500 companies, but US lags — Coinbase


Coinbase’s fourth annual corporate adoption report found that Fortune 500 companies and small businesses are adopting blockchain technology.
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Cryptocurrency
12 Jun 2024

Bitwise Analysis: AI and Crypto Fusion Poised to Elevate Global Economy by $20 Trillion

Bitwise’s Senior Crypto Research Analyst, Juan Leon, predicts a transformative impact on the global economy as artificial intelligence (AI) and cryptocurrency converge, potentially adding $20 trillion to the global Gross Domestic Product (GDP) b...
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Cryptocurrency
12 Jun 2024

Trump’s Appeal to Bitcoin Miners Is a Wakeup Call for Crypto to Stay Apolitical

It may seem like the industry is finally getting the political support it needs. But proceed with caution.
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Cryptocurrency
12 Jun 2024

Riot acquires 13% Bitfarms stake as CEO decries ‘poison pill‘ strategy


Bitfarms’ stock price on the Nasdaq has increased more than 56% in the last 30 days amid Riot Platforms’ attempt at a takeover.
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Cryptocurrency
12 Jun 2024

McDonald’s metaverse in Singapore, South Korea classifies NFTs as virtual assets: Nifty Newsletter


NFT sales surge volumes across various platforms and blockchains, with Bitcoin-based digital collectibles leading the charge.
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Cryptocurrency
12 Jun 2024

BTC reclaims $69K, derivatives signal additional upside


Bitcoin futures and options markets indicate that the prevailing sentiment remains bullish.
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Cryptocurrency
12 Jun 2024

The Protocol: How Optimism Filled in Its Missing Tooth

In this week's newsletter, we delve into the Ethereum layer-2 network Optimism's delivery of "fault proofs," a piece of functionality that was glaringly missing even though it was at the heart of the project's security setup.
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Cryptocurrency
12 Jun 2024

Fed Sees Just One Rate Cut This Year; Bitcoin Gives Up Session Gains

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Cryptocurrency
12 Jun 2024

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