The Coinbase International Exchange will roll out trading by listing Bitcoin and Ether perpetual futures.
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Ethereum price outlook weakens, but ETH derivatives suggests $1.6K is unlikely
Another top-20 U.S. bank bites the dust, but Ethereum price fails to benefit from the event.
Ethereum price outlook weakens, but ETH derivatives suggest $1.6K is unlikely
Ether’s (ETH) price has shown weakness after failing to break above the $1,950 resistance on April 26. The subsequent correction drove ETH to $1,810 on May 1, nearing its lowest level in four weeks. Curiously, the movement happened while First Republic Bank (FRB) was seized by the California Department of Financial Protection and Innovation.
The Federal Deposit Insurance Corporation (FDIC) entered into a purchase and assumption agreement with JPMorgan to protect FRB depositors, estimating a $13 billion loss.
Commented on the latest major U.S. bank failure, UBS analyst Erika Najarian stated:
“This deal does not change the rates, recession and regulatory headwinds that regional banks are facing.“
ETH price ignores banking crisis
Curiously, the VIX indicator, which measures how traders are pricing the risks of extreme price oscillations for the S&P 500 index, reached its lowest level in 18 months at 15.6% on May 1.
Bitcoin metrics to the moon: ATH for hash rate, daily transactions and Ordinals
While the Bitcoin hash rate briefly touches new highs, Bitcoin Ordinals are a contributing factor to daily transactions exceeding 500,000.
3AC founders run into fresh trouble in Dubai over new exchange OPNX
Dubai digital asset regulator claimed that it had sent two cease and desist notices to the exchange in February and an investor alert against it in April.
Ava Labs founder awarded $3M in crypto defamation suit
Emin Gün Sirer, the founder and CEO of Ava Labs, has been awarded millions in damages after an influencer publicly accused him of being part of a Turkish terrorist group in 2021.
Bitcoin price sweeps lows, but analysis still predicts a $25K dive
$30,000 and $25,000 form the upside and downside BTC price targets as Bitcoin stays caught between a resurgent U.S. banking crisis and the looming Fed meeting.
Bitcoin price sweeps lows, but analysis still predicts a $25K dive
Bitcoin (BTC) fought for $28,000 support on May 2 after the month opened to multiday lows.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price: “Big volatility on the horizon”
Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it returned to the $28,000 mark on Bitstamp.
The previous day’s Wall Street open had brought the latest wave of downside volatility, with the pair dipping below $27,700.
This followed a leg lower immediately after the weekly and monthly close, with $30,000 and upward feeling increasingly out of reach.
Market participants’ BTC price targets reflected the mood. Michaël van de Poppe, founder and CEO of trading firm Eight, argued that a rematch with both $25,000 and $30,000 was still on the table.
ARK Invest spends Int'l Workers' Day by buying $8M in Coinbase shares
Despite Coinbase shares tumbling amid its legal battle with the U.S. SEC, Cathie Wood is still bullish on the crypto exchange.
Darknet hackers are selling crypto accounts for as low as $30 a pop
Prices of hacked cryptocurrency accounts still fetch the highest prices among hacked online accounts, according to online data security provider Privacy Affairs.
MicroStrategy’s Bitcoin conviction 'strong' as it returns to profit in Q1: CEO
The one-time income tax benefit helped the firm reach a profit of $94 million in the first quarter of 2023.
Level Finance confirms $1M exploit due to buggy smart contract
An attacker manipulated a “claim multiple” bug in a Level Finance smart contract to steal more than 214,000 LVL tokens from the exchange.
Bitcoin hash rates threaten blockchain decentralization
The blockchain industry is facing a massive power imbalance — just like the traditional finance industry.
Industry heavyweights respond to UK’s crypto asset regulatory framework proposal
HM Treasury was directed to problem spots that may need refinement, but the basic principles of its approach were heartily welcomed.
Liquid staking solutions now have more TVL than DEXs: DeFi Llama
From April 13 to May 1, decentralized exchanges declined in TVL by $1.66 billion, while liquid staking protocols increased by $280 million.
Liquid staking solutions now have more TVL than DEXs: DefiLlama
From April 13 to May 1, TVL on decentralized exchanges declined by $1.66 billion while it increased on liquid staking protocols by $280 million.
European Union pushes forward with first AI framework: Law Decoded, April 24–May 1
High-risk tools will not be banned entirely, though they will be subjected to stricter transparency procedures.
Poloniex will pay $7.6M settlement to US authorities for 'apparent violations' of sanctions
OFAC said Poloniex allowed users in Crimea, Cuba, Iran, Sudan, and Syria to conduct digital asset trades, deposits, and withdrawals between January 2014 and November 2019.
Blur introduces NFT perpetual lending protocol
Borrowing positions automatically roll their expiry, and can be refinanced should one party unilaterally decide to terminate.
On the shutdown of Bittrex in the US and SEC actions — Bittrex Global CEO at Consensus 2023
Oliver Linch suggested jurisdictions with established frameworks for crypto and policymakers willing and able to use them were a potential winning combination for fledging firms.