Coinbase recently submitted a comment letter to the US Securities and Exchange Commission (SEC) pointing out significant flaws in the agency’s cost-benefit analysis of a proposed rule. The letter highlighted the failure of the SEC to properly assess the rule’s economic impact on key areas such as efficiency, competition, and capital formation. Lack of Critical
Crypto
Three Arrows Capital (3AC), once a prominent player in the cryptocurrency hedge fund industry, has now faced a dramatic downfall. The fund’s collapse was closely tied to the failure of investments in Luna and TerraUSD, resulting in substantial losses for investors and creditors. Liquidators of Three Arrows Capital are currently pursuing a $1.3 billion lawsuit
The US spot Ethereum ETFs witnessed an impressive inflow of $4.9 million on Monday. One of the noteworthy highlights was the Grayscale Ethereum Trust (ETHE) which saw no withdrawals, marking a significant shift from the 14 days of outflows it had been experiencing. The trading volume for these ETFs soared on August 12th, reaching $286
The current market condition has taken a toll on many new Bitcoin investors, leaving them under significant financial stress. Various metrics point towards a bearish environment, highlighting factors that can contribute to market volatility, increase selling pressure, and result in further price declines. According to a Bitfinex Alpha report, metrics such as the Short-Term Holder
Recently, Sui (SUI) has experienced a significant 125% increase in its price over the course of a week. This surge in value can be attributed to the launch of Grayscale’s Sui Trust, which has generated a lot of buzz within the cryptocurrency community. Despite this impressive growth, there are some warning signs that investors should
The recent market downturn has surprisingly led to a significant increase in investments for Ethereum. Data shows that Ethereum attracted $155 million in inflows over the past week alone. This spike in investments has pushed Ethereum’s year-to-date total inflows to an impressive $862 million, the highest since 2021. The surge in investments can be attributed
An analyst from CryptoQuant has indicated that Ether (ETH) may be on the brink of a rally based on metrics observed in the cryptocurrency’s futures market. The analyst, known as Shayan, highlighted a recent significant liquidation event in ETH, noting that historically, such events are typically followed by price rallies as markets stabilize and spot
Binance, the largest cryptocurrency exchange in the world, recently announced the delisting of six altcoins from its platform. This decision was made as part of their regular review process to ensure that all listed assets meet high standards and industry requirements. Factors considered include team commitment, trading volume, development activity, network stability, and more. The
XRP’s price saw a significant increase last week after a court ruling in the Ripple v SEC case. The price surged by 20% in a single day, reaching almost $0.64 and pushing its market capitalization over $35 billion. This rally came on the heels of a legal development where Judge Analisa Torres ordered Ripple to
As bitcoin experiences another period of retreat, analysts are closely examining technical indicators and signals to gain insights into its future trajectory. A recent report from crypto derivatives data provider CoinGlass highlighted the liquidity heatmap, which indicates crucial first-test lines at approximately $56,800. According to CoinGlass, if BTC prices rebound from this level, they could
