Job data revision exposes softer labor market
Quick Take In economic analysis, monthly data scrutiny is a cornerstone for understanding macroeconomic trends. Both analysts and the Federal Reserve rely heavily on these…
Category: Crypto Slate
Former FTX exec files lawsuit as exchange announces reorganization gains support
Bankrupt crypto exchange FTX announced on Aug. 21 that its reorganization plan has garnered strong preliminary support from creditors. According to FTX, over 95% of…
Institutional interest shifts as Bitcoin ETFs attract capital, Ethereum ETFs continue to bleed
Quick Take Bitcoin On Aug.21, Bitcoin ETFs experienced inflows totaling $39.5 million, according to data from Farside. BlackRock’s IBIT saw an $8.4 million inflow, followed…
Stabilization of Bitcoin price aligns with equilibrium in Bitfinex interest positions
Onchain Highlights DEFINITION: Analyzing Bitcoin price in relation to Bitfinex long and short interest Bitcoin’s price and total long and short interest show a strong…
Crypto firms pour $119M into 2024 US federal elections, rivaling traditional powerhouses
Crypto companies have significantly increased their involvement in the US federal elections in 2024, contributing over $119 million so far, according to a Public Citizen…
US-traded spot Ethereum ETFs amass $2 billion in inflows
Spot Ethereum (ETH) exchange-traded funds (ETFs) inflows surpassed $2 billion in nearly four weeks, when excluding Grayscale’s ETHE outflows of nearly $2.5 billion, based on…
Bitcoin climbs to $61.7k as Fed minutes hint at rate cut in September
Bitcoin (BTC) is back above $61,000 after leaping 3.5% in the past 24 hours, fueled by the release of bullish Fed minutes related to the…
Emerging markets embrace stablecoins despite significant premiums
Businesses and consumers in 17 emerging markets pay an average premium of 4.7% over the standard dollar price to access stablecoins, with the figure rising…
Hackers compromise McDonald’s Instagram account to conduct $700k rug pull
Fast food chain McDonald’s’ Instagram profile promoted a scam memecoin deployed on Solana (SOL) after being compromised. The token — called GRIMACE — hit a…
Is $58k the new $9k for Bitcoin?
Quick Take Samson Mow recently stirred discussion on X by declaring that “$58k is the new $9k” for Bitcoin. Intrigued by this bold statement, we…