Bitcoin Strength Under Question As DOJ Fed Probe Looms

Key takeaways: Institutional investors selling Bitcoin is visible through the Bitcoin ETFs recording $1.38 billion in net outflows across four trading sessions.  BTC futures data shows a neutral 5% basis rate, well below the 10% level that typically defines a true bullish breakout. Bitcoin (BTC) briefly rallied above $92,000 after reports of a DOJ investigation…

Bitcoin and ether traders bet on calmer times

Bitcoin and ether traders are betting on low volatility and reduced near-term risks despite resilient dollar index and tepid demand for spot ETFs. Source link

Ethereum Must Pass Walkaway Test to Be Self-Sustaining

Ethereum needs to get to a point where its value proposition remains even if developers stop active work on the protocol, according to its co-founder Vitalik Buterin. “We must get to a place where Ethereum’s value proposition does not strictly depend on any features that are not in the protocol already,” said Buterin in a…

Ethereum Must Pass Walkaway Test to Be Self-Sustaining

Ethereum needs to get to a point where its value proposition remains even if developers stop active work on the protocol, according to its co-founder Vitalik Buterin. “We must get to a place where Ethereum’s value proposition does not strictly depend on any features that are not in the protocol already,” said Buterin in a…

Bitcoin Strength Under Question As DOJ Fed Probe Looms

Key takeaways: Institutional investors selling Bitcoin is visible through the Bitcoin ETFs recording $1.38 billion in net outflows across four trading sessions.  BTC futures data shows a neutral 5% basis rate, well below the 10% level that typically defines a true bullish breakout. Bitcoin (BTC) price briefly jumped above $92,000 on Monday after US federal…

‘Remains to be seen‘ Whether US will Seize Venezuela‘s Bitcoin

Paul Atkins, chair of the US Securities and Exchange Commission (SEC), didn’t rule out the possibility of authorities seizing Venezuela’s reported Bitcoin holdings after US forces unseated and captured the country’s president. In a Monday interview with Fox Business’ Stuart Varney, Atkins responded to reports claiming that Venezuela holds up to $60 billion worth of…

3 Data Points Shape ETH’s Next Breakout to $4K

ETH’s recent rally was driven by spot demand and a healthy use of futures market leverage, potentially setting Ether up for a follow-up move to $4,000. Ether’s (ETH) futures and spot markets are sending mixed signals as futures positioning builds, but the altcoin’s price fails to make new highs. Data suggested that ETH traders are…

Senator Lummis offers DeFi protections bill as broader market structure draft nears

Senator Cynthia Lummis introduced a standalone bill to press a key point on how blockchain software developers are treated, though crypto market structure observers await the big show. Source link

3 Data Points Shape ETH’s Next Breakout to $4K

ETH’s recent rally was driven by spot demand and a healthy use of futures market leverage, potentially setting Ether up for a follow-up move to $4,000. Ether’s (ETH) futures and spot markets are sending mixed signals as futures positioning builds, but the altcoin’s price fails to make new highs. Data suggested that ETH traders are…

Standard Chartered Said to Launch Crypto Brokerage, Lowers ETH Forecasts

Standard Chartered may develop a crypto prime brokerage platform, a potential expansion of the bank’s digital asset ambitions as traditional financial institutions deepen their involvement in the sector. The British multinational bank is in early-stage discussions to establish a crypto trading and prime brokerage platform under its venture capital arm, SC Ventures, Bloomberg reported Monday,…