By James Van Straten (All times ET unless indicated otherwise) It’s a new day, but the same story: BTC$111,714.76 is struggling and ETH$4,005.54 is trying to hold the $4,000 range. Crypto bulls can take some comfort in the fact that there is only one week left in September, a historically bearish month, and what’s usually … Read more
ETH$4,017.82 led major cryptocurrencies lower during Thursday’s Asian trading hours, as odds of a U.S. government shutdown hit record highs on the decentralized betting platform Polymarket. The price of Yes-side shares for the betting contract “U.S. government shutdown in 2025?” rose to 77%, the highest since the contract’s launch in January. Traders are essentially pricing … Read more
An ETH$4,022.61 whale took a multi-million dollar loss on its bullish bet on Thursday after the cryptocurrency’s price dipped below $4,000 for the first time since Aug. 8. The whale address labelled 0xa523 had its leveraged bullish position worth 9,152 ETH ($36.4 million) forcibly liquidated by the decentralized exchange Hyperliquid, according to blockchain analyst Lookonchain. … Read more
Bitwise Asset Management says ETH$4,194.56 is rapidly cementing its place as a treasury asset. Digital asset treasuries (DATs), once largely bitcoin-centric, are now allocating to ether at scale, creating structural demand that exceeds net new supply, the firm said in a Monday report. “ETH treasuries are no longer a side story. They are becoming a … Read more
Crypto traders saw more than $1.5 billion in bullish wagers liquidated on Monday, triggering a sharp sell-off that hit smaller tokens hardest. Ether, the second-largest token, slumped as much as 9% to $4,075 as nearly half a billion dollars of leveraged long positions were liquidated, according to data from Coinglass. It was recently 6% lower … Read more
It’s a risk-on environment, with stocks leading major cryptocurrencies higher, but Wall Street’s fear gauge, the VIX, is stirring up some nerves. On Monday, Wall Street’s benchmark index, the S&P 500, set a record high for the fourth consecutive trading day, reaching 6,519 points. The tech-heavy Nasdaq index also hit lifetime highs, and the Dow … Read more
Digital asset treasuries (DATs), publicly traded firms that hold crypto on their balance sheets, have been hit hard in recent weeks as their market NAVs (mNAVs) slid below 1, Standard Chartered’s Geoff Kendrick said in a new report. Looking ahead, ether (ETH) DATs appear to have the most staying power thanks to staking yield, regulatory … Read more
Payments firm PayPal (PYPL) said it is expanding its peer-to-peer service by adding cryptocurrency transfers to its payment flow, the company announced on Monday. Users in the U.S. will soon be able to send bitcoin BTC$114,551.28, ether (ETH), PayPal’s dollar stablecoin PYUSD and other digital assets across PayPal, Venmo and an increasing number of crypto-compatible … Read more
By Omkar Godbole (All times ET unless indicated otherwise) The crypto market has stalled since Saturday, with bitcoin BTC$115,168.46 once again failing to keep gains above $116,000 alongside continued selling by wallets of early adopters, or OGs. According to blockchain analyst Lookonchain, on Sunday an eight-year BTC holder moved 1,176 BTC worth over $136 million … Read more
A crypto wallet linked to an infamous Coinbase hacker has bought another 3,976 Ether, worth over $18.9 million, at $4,756 per token, according to onchain data. The purchase was made on Saturday, using 18.911 million DAI (DAI), according to data from Arkham Intelligence. The hacker consolidated various DAI amounts, ranging from $80,000 to $6 million, … Read more