Tag: Crypto

Standard Chartered’s latest analyst note suggests that Bitcoin‘s (CRYPTO: BTC) recent price action reaffirms its role as a hedge against traditional financial system issues rather than geopolitical tensions. What Happened: The bank’s analysts point out that Bitcoin’s price weakness amid Middle East tensions demonstrates it is “not a safe...

Franklin Templeton, a multi-trillion dollar asset management firm, has filed for a new exchange-traded fund (ETF) that would provide exposure to both Bitcoin and Ethereum. According to an application with the U.S. Securities and Exchange Commission (SEC) on Wednesday, the firm aims to offer investors a single product that...

Bitmex co-founder Arthur Hayes realized a five-figure loss on several meme coins only a few days after predicting more meme coin upside. What Happened: Analytics platform Spot On Chain shows a $47,000 loss from his investments in Pepe (CRYPTO: PEPE) and Mog Coin (CRYPTO: MOG). The Bitcoin bull had...

According to the latest announcement from Japanese investment firm Metaplanet Inc., its Bitcoin holdings have surged, rising to 530.717 BTC as of October 3. As revealed by the Tokyo-listed company, this increase in its Bitcoin bags was possible due to a smart options trading strategy, which led to the...

On Wednesday, October 2, the United States Securities and Exchange Commission (SEC) took a formal step in extending the XRP lawsuit with Ripple by filing a Notice of Appeal of Judge Torres’s ruling. This move came on the heels of the final judgment by the US District Court, Southern...

Election betting odds for the 2024 U.S. Presidential race have shifted as both Donald Trump and Kamala Harris are now tied at 49% each, according to data from Polymarket. What Happened: The market for “Presidential Election Winner 2024” shows Donald Trump and Kamala Harris neck-and-neck, with both candidates exactly...

Crypto asset manager Grayscale has introduced a new investment product providing exposure to Aave‘s native token, (CRYPTO: AAVE), as part of the firm’s ongoing efforts to offer a wider range of innovative crypto investment products. It enables users to borrow cryptocurrency by using their existing tokens as collateral and...

JPMorgan Chase and Co (NYSE:JPM) analysts are observing a trend where investors are increasingly turning to gold and Bitcoin as “safe-haven” assets amid rising geopolitical tensions and the upcoming U.S. presidential election. What Happened: This shift, referred to as the “debasement trade,” is driven by concerns over economic instability...

Ethereum’s (CRYPTO: ETH) price drop woke up a formerly active whale wallet, which bought a significant sum despite the asset’s poor recent performance. What Happened: On-chain analytics platform Spot On Chain revealed that the elusive “7 Siblings” wallet made a significant purchase of Ethereum during the recent market dip....

According to Geoff Kendrick, Standard Chartered’s global head of digital assets research, Bitcoin (BTC) dropping below $60,000 due to escalating geopolitical tensions in the Middle East could offer a prime buying opportunity. Bitcoin Below $60,000, A Buying Opportunity? As tensions between Iran and Israel intensify, risk-on assets like Bitcoin...