Bitcoin Open Interest Rises By $1.8 Billion As BTC Breaks $27,000
Data shows the Bitcoin Open Interest has shot up by $1.8 billion as the cryptocurrency’s price has broken the $27,000 level. Bitcoin Open
Read More
Interest
BTC price hits $27.4K as Bitcoin open interest matches Grayscale peak
Bitcoin (BTC) hit new month-to-date highs on Sep. 18 as a strong weekly close cemented a bullish start to Wall Street trading. BTC/USD 1-day chart. Source: TradingViewTrader cautions on surging Bitcoin open interestData from Cointelegraph Markets Pro and TradingView tracked over 3% BTC price gains on the day, with Bitcoin breaking
Read More
ECB Announces 10th Consecutive Interest Rate Hike amid Inflation Battle
High energy prices can have a cascading effect on other sectors of the economy, contributing to the overall rise in consumer prices. The European Central Bank (ECB) has announced its 10th consecutive hike in its main interest rate. This decision has catapulted the Central Bank’s main deposit facility rate from -0.5%
Read More
How Rising U.S. Interest Rates Impact Digital Assets
To answer whether or not bitcoin has been impacting by the recent moves higher in interest rates, I ran a quick rolling regression analysis on the recent bitcoin price history against interest rates (both the 2-year US Treasury yield and the 10-year inflation adjusted real interest rate) and the EUR/USD
Read More
AI Is Killing Crypto Venture Capital Interest
Unlike mainstream AI which isn’t even a year old, crypto has been present for more than a decade. Thanks to the cyclical movement of the crypto economy, we can confidently predict more innovation and investor interest as the bear market ends. Lower interest rates, globalized crypto regulation, Bitcoin ETF approvals,
Read More
Arm Mulls Raising IPO Price Range amid Strong Investor Interest
Arm has successfully secured a lineup of cornerstone investors for its IPO, including some of the biggest names in the tech industry. Arm Holdings Ltd., the renowned chip designer owned by SoftBank Group Corp (TYO: 9984) is reportedly contemplating raising the price range of its highly anticipated Initial Public Offering (IPO).
Read More
Coinbase increases USDC interest rate after SEC confirms stance on stablecoins
Coinbase has reportedly increased interest rates on USDC holdings to 5%, marking a notable improvement from the 4% rate introduced earlier in the year. The San Francisco-based crypto exchange hiked the interest offered to holders of its USD Coin (USDC) to 5%, only months after effecting another increase that doubled the
Read More
Enterprise blockchain, Bitcoin staking and Web3 pique investors’ interest
The sharp increase in global interest rates may have limited investors’ appetite for crypto ventures, but new projects are still flourishing and attracting capital to speed up growth. Data from the Cryptox Research Venture Capital Database shows June closed out with a 29.73% decrease in venture capital investments, with just
Read More
The Relationship Between Bitcoin and Interest Rates is Breaking Down: Arthur Hayes
“All the while, this, coupled with the political hostility of austerity, increases deficits, leading the U.S. Treasury to issue more bonds. The resulting interest payments to the wealthy stimulate spending and nominal GDP growth, creating a paradox where the Fed's rate hikes inadvertently fuel economic growth," Hayes said. Source
Read More
Uniswap outperforms Coinbase in spot volumes, Maple Finance returns to Solana, Borroe attracts investor interest
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Uniswap’s (UNI) spot volume has been rising since early 2023. It exceeded Coinbase’s at some point, highlighting the platform’s increasing popularity. Elsewhere, Solana (SOL) appears to be recovering after Maple Finance resumed operations on its network.
Read More