Category: Crypto news

If these bills pass, it could be a game-changer for the industry. But if they stall, it’s just another case of “crypto, schmypto.” 😴 Either way, the outcome will have a direct impact on stablecoins, exchanges, and the broader crypto market. So, buckle up, folks! 🚀

The current price movement of Bitcoin may seem sluggish, but from a broader perspective, the bulls and bears appear to be reaching an agreement. The bid-ask spread is compressing, meaning there is not much gap left between them, hinting towards a potential trade to occur anytime from now. 🤝

As I pen these words, the cumulative open interest in XRP perpetual futures listed on major exchanges has risen to a staggering 800 million XRP, a feat not seen since the halcyon days of January 19. 📈

Yet, if one risks peering beneath this curtain of triumph, a ruder, stickier truth emerges—something rather more Dickens than Downton Abbey.

It seems that XRP has decided to go its own way, with its correlation to BTC slipping from 0.79 to 0.70. Meanwhile, Solana (SOL) has jumped from 0.53 to 0.75, because who doesn’t love a good game of correlation musical chairs? 🎶 Ethereum (ETH) and THETA, on the other hand, are still BFFs with Bitcoin, mirroring its every move like a pair of crypto-obsessed stalkers 👀.

The SEC, always eager for correspondence that will never be read, requests rebuttals within 35 days. An army of analysts from Bloomberg like James Seyffart, mouths pursed like over-boiled dumplings, nod with solemnity: “But of course, the SEC is about as ready for Solana as an old auntie is for TikTok.” No shock here—if it isn’t Bitcoin or Ethereum, regulators eye it like soup with suspicious meat floating inside.

Cet ETF proposera aux investisseurs d’avoir une exposition à Bitcoin (BTC) et Ether (ETH) à travers des actions cotées à NYSE Arca, soutenues par les actifs cryptographiques, avec 75% alloués à Bitcoin et 25% à Ether, selon le dépôt.

Not long ago, a bitcoin whale made waves by shifting funds from eight separate wallets—each holding a hefty 10,000 BTC—for the first time in more than 14 years. TopMob has been tracking these long-idle coins for years. Commonly called “sleeping,” “dormant,” or “inactive” bitcoins, they’re simply units of bitcoin that haven’t budged from their blockchain addresses in ages, often sitting untouched for years on end.

Capital continues to pour in, pushing IP’s Total Value Locked (TVL) to unprecedented heights. This liquidity bonanza has been a nightmare for short traders, who are now nursing substantial losses, while derivative traders remain steadfast in their bearish bets. 🐻

Top analyst Darkfost, a name that rolls off the tongue like a fine Russian vodka, suggests that the current price action is orchestrated by none other than the institutional players. One of the most telling signs is the Coinbase Premium Gap, a measure of the difference in BTC prices between Coinbase Pro and Binance. Unlike ETF flows, which are accessible to all, Coinbase Pro is the playground of institutions and professional traders. This makes the premium gap a valuable tool for tracking the whims of the institutional elite. 🕵️‍♂️