China has reportedly asked its banks to limit their US Treasury holdings. This has triggered anticipations around several aspects, like volatility for risky assets and the nature of liquidity. The crypto market is on edge because it might feel the pinch, just like stocks and the US Dollar. China, as
The BlackRock, Fidelity and Grayscale crypto investment products have witnessed a sharp weakening in net weekly outflows, providing initial signs of stabilisation after a severe expansion of digital asset markets, as per the recent data shared by CoinShares. Global funds backed by cryptocurrencies listed $187 million in net outflows in
With the bearish-fear correction, wholesome waves of red charts are found in the crypto market. Bitcoin (BTC), the largest asset, is currently trading at $68.5K, while the largest altcoin, Ethereum (ETH), hovers at around $2K. From the altcoin pack, upon picking Humanity Protocol (H), it has defied the uncertainty and
S.Y. Lee, co-founder of Story Protocol, says that the project needs time to build real usage and has decided to delay its first major token unlock by six months in August. By delaying this release, the insiders will not be able to sell their tokens. According to Lee, this delay
Ethereum co-founder Vitalik Buterin argued that even well-designed ETH-collateralized algorithmic stablecoins still constitute genuine decentralized finance. He clarified that such algorithmic mechanisms can transfer U.S. dollar counterparty risk from users to market makers. Buterin blasted the notion that USDC deposit yield strategies are representative of true DeFi principles. He suggested
Bithumb has recovered almost all Bitcoin mistakenly distributed during a recent reward event error, easing concerns around customer asset safety and market disruption. The South Korea-based exchange said it retrieved about 99.7% of the Bitcoin credited to users by mistake and used its own funds to settle the remaining amount
The sentiment of crypto has changed to panic, and the gauge of CoinMarketCap has turned red now. The CMC Crypto Fear and Greed Index of the platform is at 9, taking it to an extreme fear situation. One week before, the number was 15 and was neutral with 41 in
Sanae Takaichi just secured a win in the Japan election, clarifying a move that could happen in the times to come. This has helped the global crypto market to make its own movement on the price chart, supported by expectations around the US unemployment rate. Meanwhile, Gold and Silver regaining
The Financial Supervisory Service (FSS) of South Korea released its business plan, which included aggressive measures to tighten crypto regulation by targeting risk practices that collapse the crypto market, as well as stronger IT and cybersecurity accountability for financial firms. According to South Korea’s Yonhap local news agency report, Financial
ARK Invest, led by Cathie Wood, has just adjusted its crypto ETFs position by buying about 716,000 shares of Bullish, which is worth around $17 to $18 million, while selling 119,000 shares of Coinbase, which is worth around $17.4 million. The trades were executed across three ETFs: ARK Innovation ETF,
