Hong Kong’s extraordinary inflows of capital have thrust the region into the limelight, while the rest of the world’s digital asset ETF market has suffered losses during the previous week. As of now, the weekly flows in the Asian crypto ETF market are surpassing those in the U.S. Spot Bitcoin
Robert Kiyosaki, author of the best-selling book “Rich Dad Poor Dad,” is well-known for his financial analysis. He recently offered his take on how to navigate the volatile crypto market. Speaking to his followers on X, Kiyosaki explored the special chances that come during market slumps. He encouraged his followers
The global cryptocurrency market has significantly reversed, particularly in the meme coin realm. Following a huge decline in Bitcoin, it experienced a notable upswing, marking a 6.25% jump from its recent slump at $56,000. This momentum persisted, leading to a 3.50% intraday surge to $59,412. What’s especially interesting is how
As the crypto market continues to experience volatility, the options market is gearing up for a significant expiration event. On May 2nd, 2024, 23,000 Bitcoin (BTC) options contracts with a notional value of $1.4 billion are set to expire. The Put Call Ratio for these options is 0.49, indicating a
Solana emerges as a leading contender, capturing investors’ attention with its stellar performance. With Bitcoin reaching new heights and the impending Bitcoin halving event, Solana’s potential for significant gains post-halving has analysts and investors alike eagerly anticipating its trajectory. Let us delve into Solana’s recent price performance, predictions for its
For a number of reasons, such as dwindling interest from retail investors and a dearth of encouraging signs, JPMorgan maintains its previous advice to be cautious in the cryptocurrency markets going forward. On Thursday, analysts from JPMorgan, headed by Nikolaos Panigirtzoglou, mentioned the cautious stance in a report. The analysts
In an attempt to optimize shareholder value, Bitcoin mining firm Stronghold Digital Mining is contemplating selling the firm, as stated in its first-quarter financial report. The sale of “all or part of the company” or other strategic deals involving its assets are among the many options being considered by the
Recent reports indicate substantial withdrawals from the U.S. Spot Bitcoin ETFs. But big money is already jumping on board with these ETFs. Being the second-largest bank in Europe, BNP Paribas is the most recent one. BNP Paribas has put money into the iShares Bitcoin Trust (IBIT) that BlackRock offers. On
Despite missing revenue projections, Bitcoin (BTC) mining business Riot Platforms announced a whopping $211.8 million net income for Q1 2024, up 1,000% year-over-year. The primary driver of the 55.4% year-on-year growth in mining income to $74.6 million, as revealed in Riot’s first quarter earnings announced May 1, was the 131%
Reports indicate that US federal authorities are looking into Block, Inc., Jack Dorsey’s fintech startup, after the disclosure of papers by a whistleblower that claimed the company’s payment divisions, Square and Cash App, were involved in extensive and persistent compliance breaches. According to NBC News’ May 1 report, a former
