Category: Markets

ARK Buys the Wells Dip With $17.7 Million COIN Purchase

March 23, 2023CryptoLeave a Comment

On Tuesday, Cathie Wood’s fund sold 160,887 shares of COIN for $13.5 million when the stock was at approximately $83 a share. Just over 48 hours later, ARK bought the dip and purchased 268,928 shares of COIN as the stock fell and closed Thursday in the U.S at $66.30.

Blockchain-Enabled SIM Card for Crypto Investors Fuels Conflux Growth; Bitcoin BTC Price Hovers Near $27.3K After Fed Decision

March 22, 2023CryptoLeave a Comment

These are set to be built in partnership with China Telecom, the second-largest wireless carrier in China with an estimated 390 million subscribers, as CoinDesk has reported. China Telecom will launch the first BSIM pilot program in Hong Kong later this year, Conflux Network said at the time. This will likely be followed by pilots […]

First Mover Asia: Traders Focused on Liquidity & FOMC as Asia Opens Its Business Day

March 21, 2023CryptoLeave a Comment

First Mover Asia: Traders Focused on Liquidity & FOMC as Asia Opens Its Business Day

First Mover Asia: Crypto VC Funding Was Resilient in the Bear Market. It’s Now Powering Through This Mini-Bull Cycle

March 20, 2023CryptoLeave a Comment

A Crypto Rank team of analysts wrote that “despite the inherent volatility of the cryptocurrency market, venture capitalists…continue to pour significant investments into the industry.”

Fed, ECB and Others Take Coordinated Steps to Boost Dollar Liquidity; Bitcoin Tops $28K

March 19, 2023CryptoLeave a Comment

The Fed said it would increase the frequency of the dollar swap lines with the European Central Bank, the Bank of Japan, the Bank of England, the Bank of Canada and the Swiss National Bank from weekly to daily, starting Monday. The dollar swap lines allow foreign central banks to borrow U.S. dollars while protecting […]

Shiba Inu Token Falls 10% Amid Shibarium Code Drama

March 16, 2023CryptoLeave a Comment

Discord user “Justinlime,” another network validator chimed in: “Even if some of the code was used in the beta does not mean all of it was. To me it’s very doubtful that it’s a direct fork with nothing changed. Forking, and building upon already established software, is the core foundation of what FOSS(free and open […]

Crypto-Friendly Silvergate Was Not Cut Off From Loans, FHLB Says

March 15, 2023CryptoLeave a Comment

The Federal Home Loan Bank of San Francisco, the bank that supplied $4.3 billion to Silvergate Bank late last year, didn’t force Silvergate to repay advances, which had been rumored to be the reason why crypto-focused Silvergate decided to shut down, the FHLB said Wednesday.

Bitcoin, Ether Volatility Stuns Bears And Bulls Alike; Some Say Recent Price Action Driven by Bank Crisis

March 15, 2023CryptoLeave a Comment

The volatility caused over $140 million in bitcoin futures and $80 million in ether futures to take on losses. Of this, 58% of futures losses came from shorts, or bets against price rises, while the remaining came from longs, or bets on price rises – meaning both short-sellers and long traders were hit almost equally.

Decentralized Borrowing Protocol Liquity’s LQTY Token Soars Amid USDC Chaos

March 14, 2023CryptoLeave a Comment

While LUSD is meant to retain its dollar-peg, Liquidity’s secondary token LUSD has seen the upside. LQTY, which has a total supply of 100 million and a market capitalization of $314 million, per CoinGecko, captures the fee revenue generated by the Liquity protocol, which are then paid out to stakers.

Polygon, Solana Lead Majors Slide Amid Bitcoin Weakness

March 9, 2023CryptoLeave a Comment

Bitcoin dipped under $22,000 during European hours on Wednesday, even as broader traditional markets remained relatively unchanged. Ether (ETH) shed over 2%. Among other large-caps, solana (SOL) and matic (MATIC) fell 6% in the past 24 hours, while Uniswap’s UNI and Avalanche’s AVAX fell 4% in the same period.