[ad_1] The Bitcoin open interest is a good indicator of how investors are viewing the cryptocurrency and what bets they’re making. This is why the metric hitting a new all-time high is a big deal, carrying serious implications for the market. Once again, the Bitcoin open interest has set a new record and this could spell doom for the digital asset, even if just in the short-term. Bitcoin Open Interest Sets New Record In an interesting turn of events, the Bitcoin open interest has now risen to a new all-time high. After hitting a record high of $39.03 billion back…
Author: dfrancis36
[ad_1] Optimism has been seeing bearish action since the start of this month. But this week, it has been much worse for investors and traders. According to Coingecko, the token is down more than 12% since last week. Related Reading With a market correction underway, more pain can come to all portfolios carrying OP. However, there are several reasons why investors and traders should still be on board with Optimism. Growing On-chain Use By An Expanding Userbase Price-wise, OP looks like a hard bargain after a month of hard-battering by the bears. However, on-chain data looks vastly different. According to…
[ad_1] Listed both on Wall Street and the London Stock Exchange (LSE) Bitcoin miner Argo Blockchain, has announced a £6.5 million private placement agreement with an institutional investor. The deal involves the issuance of 57,800,000 ordinary shares at £0.1125 per share on the LSE, along with warrants to purchase an additional 57,800,000 shares at the same price.Argo Blockchain Secures £6.5 Million in Private Placement DealThe placement price represents a premium to Argo’s recent trading averages and a 10% discount to the closing price on July 29. H.C. Wainwright & Co. is serving as the exclusive placement agent for the transaction.Argo…
[ad_1] In a potentially highly politically charged move, the US. Democratic government orchestrated the transfer of 29,800 Bitcoin, valued at approximately $2 billion, to a newly created address on Monday. This development, first identified by the crypto intelligence platform Arkham, not only stunned the market but also sparked significant speculation and debate among the industry. Arkham’s report detailed that this large sum of Bitcoin was split into two separate addresses: 10,000 BTC now residing in bc1qlap8 and 19,800 BTC in bc1qngy. Analysts at Arkham believe the 10,000 BTC represents a deposit to an institutional custody or service, signaling a potential…
[ad_1] One of the world’s largest financial powerhouses, Cantor Fitzgerald, which boasts a $13.2 billion valuation, is poised to make a significant entry into the crypto market, as the firm recently unveiled plans to delve into Bitcoin-backed lending on a grand scale. According to the firm’s announcement, the strategic move involves the launch of a specialized Bitcoin financing business aimed at providing leverage to investors who are holding Bitcoin, marking a substantial step towards integrating traditional finance with the digital asset landscape. Cantor Fitzgerald Commits To BTC Support With a substantial initial financing injection of $2 billion, the firm envisions…
[ad_1] The Compound Finance (COMP) treasury has been drained of $25 million in a recent governance attack, raising alarms about the state of decentralized governance in the decentralized finance (DeFi) ecosystem. Compound DAO Hijacked According to researcher DeFi Ignas, the attack began with an initial proposal to grant 92,000 COMP tokens, submitted without prior discussion on the Compound DAO forum. Despite “glaring red flags” identified by the project’s security advisor, Michael Lewellen, the warning received minimal engagement from the community, with only a few voices, such as MonetSupply and Wintermute, raising concerns. Related Reading But the story took an even…
[ad_1] The dark and more ominous side of the crypto world was on display again this week when a 29-year-old foreign national became an unwitting victim in one of Kyiv, Ukraine’s brutal crimes. This incident sheds light on the risks associated with cryptocurrency holdings and exposes the severe consequences of theft in this digital age. A Tragic Abduction and Theft The victim, a young enthusiast in the field of cryptocurrency, was tragically kidnapped and subsequently murdered by a group of four men. The suspects, aged 24 to 29 years old, planned their attack in detail and assaulted the victim for…
[ad_1] Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become…
[ad_1] In a recent move, the asset managers behind the ARK Bitcoin ETF (ARKB), 21Shares and Ark Investment, have announced a partnership with the decentralized oracle network Chainlink to set a “new standard” for transparency and security in the world of tokenized assets. Chainlink’s PoR To Verify ARKB Bitcoin ETF Reserves As announced on Monday, the driver behind this integration is the adoption of Chainlink’s Proof of Reserve (PoR) solution, which is said to provide a secure and transparent way to verify the underlying Bitcoin reserves backing the ARKB ETF. The asset managers, together with the Chainlink network, announced that…
[ad_1] Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become…