The Minnesota congressman was one of only a few crypto proponents in Congress being considered as a possible speaker of the House by Republican lawmakers.
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Vodafone, Sumitomo team up with Chainlink to explore trade documents network
Vodafone’s Digital Asset Broker platform and Sumitomo have been working together since May on this proof-of-concept.
BlockFi emerges from bankruptcy and opens wallet withdrawals
BlockFi announced that it is allowing both U.S. and international users to submit withdrawal requests.
Bitcoin bulls fight to hold $34K as CME BTC open interest surpasses 100K
A surge in CME BTC volumes and open interest highlight institutional investors' growing interest in Bitcoin. Will it be enough to keep the price in the current range?
dYdX publishes its open-source code in anticipation of phased mainnet launch
The dYdX crypto exchange published the open-source code for its upcoming Cosmos-based network.
dYdX publishes its open-source code in anticipation of phased mainnet launch
The dYdX crypto exchange published the open-source code for its upcoming Cosmos-based network.
Pro-crypto lawmaker Tom Emmer wins Republican nomination for House Speaker
It’s unclear if Rep. Emmer will have enough support to win in a full floor vote, but the lack of a Speaker of the House has effectively halted all legislation since Oct. 3.
Euroclear launches digital securities issuance service, settles World Bank bond
The settlement service is far from the first to issue digitalized securities, but it is a significant step because of its size.
Binance and CZ renew calls to dismiss CFTC lawsuit
Lawyers representing the crypto exchange and its CEO claimed the CFTC was attempting to act as the "world’s derivatives police" in its lawsuit.
BTC price pullback after $35K? Bitcoin funding rates turn 'grossly positive'
Bitcoin may see a deeper retracement at the hands of positive funding rates and a lack of bid liquidity below BTC price, the latest market takes suggest.
Ledger hardware wallet rolls out cloud-based private key recovery tool
Ledger emphasized that the ID checks required for its private key recovery tool are not like KYC checks as they require “much less” information.
Bitcoin price surge brings BTC-related stocks to new multi-week highs
MicroStrategy the largest Bitcoin-holding public company saw its unrealized gains on its BTC investment reach near the $1B mark as the company’s stocks gained nearly 9% on the day.
Bitcoin price surge brings BTC-related stocks to new multi-week highs
MicroStrategy the largest Bitcoin-holding public company saw its unrealized gains on its BTC investment reach near the $1B mark as the company’s stocks gained nearly 9% on the day.
Privacy firm Nym launches $300M fund, eyes Web3 wallets, RPCs & infrastructure services
The blockchain security firm will look to support open-source projects building security and privacy tools and services for Web3.
Cathie Wood’s ARK sells Grayscale Bitcoin Trust shares as BTC hits $34K
The Grayscale Bitcoin Trust is the largest asset held by the ARK Next Generation Internet ETF, accounting for more than 10% of its portfolio.
Cathie Wood’s ARK sells Grayscale Bitcoin Trust shares as BTC hits $34K
The Grayscale Bitcoin Trust is the largest asset held by the ARK Next Generation Internet ETF, accounting for more than 10% of its portfolio.
Largest DeFi protocol on Solana reportedly quits UK market, citing FCA rule
Marinade Finance holds over $265 million in total value locked, accounting for 70% of all funds locked on the Solana blockchain.
Bitcoin price surge sees significant asset outflow on crypto exchanges
Major crypto exchanges recorded a net outflow on Oct. 24 as Bitcoin price briefly touched the $35,000 mark for the first time in a year. The movement of funds away from exchanges is considered a bullish sign as traders move their assets away from the centralized platforms in anticipation of a price surge.
According to data shared by crypto analytic firm Coinglass, Binance saw the biggest outflow with over $500 million moving off the exchange over the past 24 hours followed by crypto.com with $49.4 million in outflow followed by OKX with $31 million in outflow. Most other exchanges recorded below $20 million outflow.
Outflow from crypto platforms in recent times has led to “bank run” fears after the FTX collapse in November, however, the most recent outflow is more in line with trader sentiment than fear-induced withdrawals during the peak bear market. Glassnode data confirms that the Bitcoin outflow from exchanges over the past couple of days has risen in tune with the price surge of Bitcoin.
Bitcoin exchange outflow. Source: GlassnodeRelated: BTC price nears 2023 highs — 5 things to know in Bitcoin this week
The price surge also led to the liquidation of millions worth of short positions with total liquidations amounting to $400 million. Over the last 24 hours, 94,755 traders saw derivative positions liquidated. The largest single liquidation order happened on Binance, worth $9.98 million.
Bitcoin price surge sees significant asset outflow on crypto exchanges
The outflow of assets from the crypto exchanges is considered a bullish sign as it indicates traders are moving their assets away from exchanges in anticipation of a price surge.
Bitcoin price surge sees significant asset outflow on crypto exchanges
The outflow of assets from crypto exchanges is considered a bullish sign, as it indicates traders are moving their assets away from exchanges and no longer want to sell.