Author: Dren.H

The potential bullish run of Bitcoin is influenced by rising U.S. bond yields and increasing national debt. https://twitter.com/CryptoHayes/status/1709379092188135725 Bitcoin, the premier cryptocurrency, is poised for another bullish run. One of the driving factors? A unique economic phenomenon stemming from the United States’ financial landscape. Arthur Hayes, the former CEO of the crypto platform BitMEX, has identified the U.S. government’s financial maneuvers as a potential catalyst for this change. Here’s a deeper dive into what’s happening and how it impacts the cryptocurrency domain. The ‘Bear Steepener’ Phenomenon The term ‘bear steepener’ might sound complex, but it essentially captures a scenario where…

Sam Bankman-Fried’s (SBF) trial begins, marked by his changed appearance, a busy courtroom, and crypto-focused discussions among potential jurors. https://twitter.com/cohenluc/status/1709273900020809797 On October 3rd, the Manhattan courtroom buzzed with activity as Sam “SBF” Bankman-Fried, the former CEO of FTX, began his much-anticipated trial. With journalists, crypto enthusiasts, and skeptics in attendance, the first day revealed several noteworthy moments. The Transformed Appearance of Bankman-Fried Once known for his unkempt curly hair and robust demeanor, SBF surprised many by showing up with a dramatically altered look. Multiple reports indicate he looked much leaner than before. The once well-fitted navy suit now appeared oversized…

Nine Ethereum futures ETFs launched in the US, experiencing modest demand compared to Bitcoin ETFs’ 2021 debut. https://twitter.com/Pledditor/status/1708999467519664438 For the first time in the US, Ethereum futures exchange-traded funds (ETFs) began their trading journey today. Investment giants like ProShares, VanEck, Bitwise, Valkyrie, Kelly, and Volshares unveiled a collective of nine ETFs at the Chicago Board Options Exchange (CBOE). This move marks a significant stride in the expansion of cryptocurrency-related financial products in the US. Yet, it’s important to note the demand didn’t match the feverish excitement witnessed during the ProShares Bitcoin Strategy ETF launch last year. ProShares, VanEck, and Others…

Solana dominates with 27 weeks of inflows, while Bitcoin rebounds and Ethereum faces consistent outflows in 2023. https://twitter.com/esatoshiclub/status/1708840393310130204 Solana continues its impressive dominance in the crypto market, boasting a remarkable 27 weeks of investment inflows, setting itself apart in the altcoin domain. This performance makes it the institutional investors’ favorite choice, as revealed in CoinShares’ recent cryptocurrency fund report. While many altcoins stagnate in terms of activity, Solana thrives. 2023 paints a brilliant picture for Solana. Over the course of this year, the cryptocurrency has witnessed a staggering 27 weeks of inflows, overshadowing a mere four weeks of selloffs. Last…

A 4% XRP surge after SEC appeal rejection and Ripple’s Singapore subsidiary obtains a key payments license. https://twitter.com/RippleXrpie/status/1709345860981580039 XRP, Ripple’s native token, is riding a wave of optimism, registering a notable 4% surge in its value over the last 24 hours. With a current trading price of $0.528, it has slightly retraced from its recent peak of $0.545, as indicated by CoinGecko data. Despite this slight dip, XRP stands tall as the best-performing cryptocurrency among the top 50, outpacing heavyweights like Bitcoin and Ethereum. Performance Overview Bitcoin and Ethereum have seen declines of 0.5% and 1.3% in their daily metrics.…

Michael Lewis’s new book reveals ex-FTX CEO Sam Bankman-Fried (SBF) considered offering Trump $5B to forgo a presidential run. https://twitter.com/BradMichelson/status/1708641661868245154 In a recent revelation, Michael Lewis’s latest book exposes a previously unknown episode involving Sam “SBF” Bankman-Fried, the former FTX CEO. Lewis uncovers that Bankman-Fried once contemplated offering Donald Trump $5 billion to dissuade him from pursuing the U.S. presidency. This episode, among other critical events, is highlighted in Lewis’s latest offering titled Going Infinite: The Rise and Fall of a New Tycoon. For those unfamiliar, Sam Bankman-Fried had skyrocketed to billionaire status due to his involvement with the cryptocurrency…

Ethereum’s Vitalik Buterin highlights centralization risks in major staking pools Lido and Rocket Pool, suggesting solutions for enhanced decentralization. https://twitter.com/VitalikButerin/status/1708095471292764297 In recent news, Vitalik Buterin, the co-founder of Ethereum, has drawn attention to potential centralization issues lurking within prominent ETH staking pools, namely Lido and Rocket Pool. Both these staking pools stand out as the market’s giants, giving Ethereum enthusiasts a platform to earn rewards through staking without locking their assets in staking smart contracts. Diving into the details, Lido offers its users a derivative token dubbed as “staked ETH” or stETH. This token acts as a representation of the…

Coinbase acquired MPI license of Singapore, enabling expanded crypto services and collaborations in the region. https://twitter.com/Hassan_NY/status/1708697571974385683 Coinbase, one of the leading cryptocurrency exchanges based in the United States, has recently made advancements in the Asian market. The Monetary Authority of Singapore (MAS) awarded the exchange a Major Payment Institution (MPI) license on October 1st. This is a significant step forward for Coinbase as it paves the way for the company to expand its range of digital payment token services in Singapore. This MPI license isn’t the first interaction between MAS and Coinbase. A year prior, Coinbase received an in-principle approval…

“Uptober” began with a sudden price surge in Bitcoin and Ethereum, triggering massive short position liquidations. https://twitter.com/scottmelker/status/1708634058979471385 October has kicked off with a bang for cryptocurrency enthusiasts. In a surprising move on Oct. 1, Bitcoin’s price shot up by 3%, jumping from $27,100 to $28,053 within a 15-minute span. Shortly after, it stabilized slightly below the $28,000 benchmark. But it wasn’t just Bitcoin experiencing this surge; Ethereum’s Ether too witnessed an impressive 4.7% spike, pushing its value to a brief high of $1,755. However, it later found its balance at $1,727. This rapid price movement left many in the crypto…

Despite the expiration of $3 billion in Bitcoin options, analysts predict minimal impact on BTC’s price. https://twitter.com/rovercrc/status/1707794357821100061 Today marks the expiration of Bitcoin options contracts valued at roughly $3 billion. Many cryptocurrency enthusiasts and traders are keenly observing this event, as the expiration of such massive contracts could potentially influence Bitcoin’s price. However, prevailing expert opinions suggest otherwise. While this kind of expiration might sound like a significant event, analysts believe Bitcoin’s price will remain relatively unaffected. Currently, Bitcoin has experienced a slight surge, showing an increase of 0.2% in the last 24 hours. It’s trading at $26,921, based on…