Bitcoin’s negative correlation with SPX deepens amid current market trends
Quick Take As of press time, Bitcoin is trading below $60,000, placing it in a precarious position due to it being below key moving averages,…
Category: Crypto Slate
Third largest pension fund globally invests $80M in MicroStrategy and Coinbase
South Korea’s National Pension Service (NPS) holds more than $80 million worth of MicroStrategy and Coinbase shares, according to a new filing with the US…
Arbitrum DAO votes to launch staking as $50M ARB tokens flood the market
The Arbitrum Decentralized Autonomous Organization (DAO) has passed a proposal to introduce ARB staking for the largest Ethereum layer-2 network. Staking initiative The proposal, which…
Leveraged sell-off drives Bitcoin down to $56K during negative funding rate spike
Quick Take This past week, Bitcoin experienced significant price fluctuations around the $60,000 mark, briefly moving above and below this level before stabilizing. On Aug.…
IMF proposes 85% power tax hike on crypto and AI data centers
The International Monetary Fund (IMF) has proposed higher energy taxes to reduce emissions from crypto miners and artificial intelligence (AI) data centers, according to an…
Federal Reserve balance sheet rises by $2 billion amid rate cut speculation
Quick Take The Federal Reserve’s balance sheet saw a $2 billion increase week over week, now totaling $7.2 trillion, marking the ninth such increase in…
Trump holds around $5 million in Ethereum, nets $7 million from NFT ventures
Former President Donald Trump disclosed owning up to $5 million in Ethereum and reported earnings exceeding $7 million from his non-fungible token (NFT) ventures, according…
Kamala Harris’s stance on crypto could decide 2024 election, says Scaramucci
Anthony Scaramucci, the former White House Communications Director and founder of SkyBridge Capital, shared his insights on the future of crypto regulation in the United…
Largest Ethereum ETF outflow since August 2
Quick Take Bitcoin Recent data from Farside reveals Bitcoin ETFs experienced an $11.1 million net inflow, with contributions from Fidelity’s FBTC at $16.2 million, Bitwise’s…
Bitcoin sees record growth in long-term holder supply
The supply of Bitcoin held by long-term holders has increased significantly in the past month, now undoubtedly reversing the declining trend that’s been dominant since…