Bitcoin Eyes $58K With Downtrodden Crypto Markets Exposed to Short Squeezes, Says Analyst
The 30-day average funding rates for perpetual swaps slid to negative levels, a rare occasion that marked a bottom in prices historically, K33 Research said.
The 30-day average funding rates for perpetual swaps slid to negative levels, a rare occasion that marked a bottom in prices historically, K33 Research said.
Investors during late August and early September pulled roughly $1.2 billion out of the funds over eight consecutive days, the longest streak of exits so far.
The protocol faced a challenging environment as yields from arbitraging bitcoin and ether funding rates tumbled to near-zero. Even so, its USDe token held steady to its $1 peg...
People in crypto tend to eschew politics, but managing a successful Web3 business requires great political skill, says Avishay Ovadia, Founding Partner at Collider.
Aren’t stablecoins and tokenized deposits the same thing? Not at all, argues Noelle Acheson. It’s not just the different functionality and treatment; it’s also the different a...
Traders see only a 17% chance that Donald Trump will say "crypto" or "bitcoin" and just 13% for Kamala Harris.
The news could signal a renewed interest from traditional payment platforms in cryptocurrencies and blockchain technologies.
In the midst of shrinking revenues and rising operational costs, industry experts tell Decrypt that Bitcoin miners are continuing to invest in new, specialized hardware, displaying strong confidence in the future of the leading crypto network despite short-term struggles. According to a Glassnode report released this week, Bitcoin’s hash rate—an essential measure of mining activity—remains near all-time highs, just 1% shy, even though revenues have plummeted. The mining industry is currently fac...
Crypto is a man’s game? Not quite, according to a new report. In fact, women are just as likely to “HODL” as men are. That’s what New York-based crypto exchange Gemini said in a new survey of 6,000 people. Their report, “2024 Global State of Crypto,” found that while a gender gap in crypto still exists—with male investors on the whole outnumbering female ones—the number of people who bought digital assets and sat on them is the same between the two sexes. In the crypto world, to “HODL”—a missp...
Crypto is a man’s game? Not quite, according to a new report. In fact, women are just as likely to “HODL” as men are. That’s what New York-based crypto exchange Gemini said in a new survey of 6,000 people. Their report, “2024 Global State of Crypto,” found that while a gender gap in crypto still exists—with male investors on the whole outnumbering female ones—the number of people who bought digital assets and sat on them is the same between the two sexes. In the crypto world, to “HODL”—a missp...