Spot Bitcoin ETF exchanges and issuers instructed to submit last filings: Bloomberg
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Historic pattern: market sells on product launches, not on approvals
Fast Take The anticipation of a Bitcoin ETF approval has triggered dialogue and hypothesis round potential worth actions, particularly contemplating previous occasions the place there was a ‘promote the information’ impact following the precise launch. A definite sample could be seen from earlier important occasions tied to Bitcoin, similar to futures and different exchange-traded merchandise, […]
File-breaking Solana USDC quantity alerts rising stablecoin dominance
Solana-based USD Coin (USDC) transaction quantity surpassed that of USDT on the Tron blockchain, in response to knowledge from blockchain intelligence platform Artemis. Information from the platform reveals that Solana USDC switch quantity reached greater than $60 billion on Jan. 1, whereas that of Tron USDT was round $34 billion. Stablecoins Switch Quantity (Supply: Artemis) […]
Bitcoin’s dive to $40k triggers huge liquidations amid shifting margin traits
Fast Take The digital asset market has witnessed Bitcoin’s vital fall previously 24 hours, dropping from $45,000 to roughly $40,000, leading to greater than $660 million being liquidated, in line with Coinglass. This plunge has introduced into deal with the margin used for the open curiosity in futures contracts. It’s noteworthy that the margin in […]
OKX will check UK customers to adjust to FCA promotional guidelines
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Spot Bitcoin ETFs may get end-of-week approval, FOX reporters say
FOX Enterprise reporters steered on Jan. 1 that varied pending spot Bitcoin ETFs could possibly be authorised by the top of the week. Journalist and producer Eleanor Terrett mentioned that the U.S. Securities and Alternate Fee (SEC) has extra work to do previous to approvals, writing: “… It might shock me if approvals had been […]
Bitcoin’s shopping for energy bolstered by stablecoin market actions
Fast Take Observations since October 2023 point out a constant upward development within the Stablecoin Provide Ratio (SSR), carefully monitoring the higher sure of the ratio. This measure, which represents the connection between the provision of Bitcoin and that of stablecoins denominated in Bitcoin, acts as an indicator of the supply-demand dynamics between Bitcoin and […]