Key Highlights: Social media mentions referencing “Black Monday” spiked to 176 on October 18, sharply outpacing the 60-day daily average of under two posts. Despite escalating retail panic surrounding the 39th anniversary of the 1987 US market crash, Bitcoin held firm and closed around $82,000, gaining roughly 1 percent. Analytics firm Santiment cautioned that while ...
Key Highlights: Traditional financial market fear has triggered widespread crypto liquidations, with altcoins experiencing their sharpest weekend decline since April. Analytics firm 10X Research revealed that a basket of 141 tracked altcoins plunged by an average of 14%, compared to a relatively modest 3% decline for Bitcoin. Glassnode warned that the established trend of buying ...
Key Highlights: JPMorgan is expanding its dollar-denominated deposit token, JPM Coin, directly onto the Ethereum mainnet. The deposit token was previously launched on Base, an Ethereum Layer 2 network developed by Coinbase. JPM Coin offers institutional clients the ability to execute deposits and payments 24/7 in near real-time, bypassing conventional banking hours. JPMorgan Expands JPM ...
Key Highlights: Strategy (MSTR) is approaching a bullish golden cross as early as Monday, trailing a similar signal seen on Bitcoin’s price chart. The technical chart pattern occurs as the company’s 50-day moving average rises above its 200-day moving average. Historically, MSTR has logged massive rallies following this signal, gaining 717% after its 2020 cross ...
Key Highlights: Bitcoin traded around $82,500, up 0.5% on Monday, while altcoins and decentralized finance tokens outpaced the market leader. Total 24-hour crypto futures volume surged 51% to $146 billion, though flat open interest suggests gains are position-led and potentially fragile. Arbitrum (ARB) advanced 6.7% following the rollout of the Arbitrum Foundation’s USDG Stablecoin Growth ...
Key Highlights: Standard Chartered has secured regulatory approval from the Dubai Virtual Assets Regulatory Authority (VARA) to offer cryptocurrency trading to wealthy retail clients. Trades are executed via Zodia Markets, an institutional crypto platform backed by the banking giant’s innovation unit, SC Ventures. The offering is restricted to qualified professional investors in the UAE and ...
Key Highlights China’s gross domestic product (GDP) expanded by 4.5 percent year-on-year in the third quarter, surpassing second-quarter growth and boosting global risk appetite. Chinese retail sales climbed 1.1 percent, outpacing consensus estimates of 0.5 percent and indicating resilient domestic consumer demand. Easing crude oil prices and steady monetary policy expectations for the U.S. Federal ...
Key Highlights: A dormant Bitcoin wallet holding 411 BTC moved its entire balance after remaining inactive for roughly 13 years since September 11, 2013. The owner resisted numerous “address poisoning” phishing attacks over the years before transferring the funds to a fresh wallet for a network fee of just 337 satoshis. None of the moved ...
Key Highlights: MicroStrategy founder Michael Saylor envisions Bitcoin-backed, dollar-pegged stablecoins as the next breakthrough product in digital capital and credit markets. Under Saylor’s proposed financial model, these novel stablecoins could theoretically generate annual yields ranging from 6% to 8%. To bolster resilience, Saylor suggests combining Bitcoin collateral with cash reserves, even as implementation relies heavily ...
Key Highlights: Global equities and crypto markets advanced on Monday, buoyed by stronger-than-expected economic growth figures from China and softening crude oil prices. Bitcoin traded near $82,500, while Nasdaq futures climbed over 1%, recovering from a prior-week slump triggered by declines in artificial intelligence stocks. China’s National Bureau of Statistics reported a 4.5% year-on-year GDP ...
Key Highlights Bitcoin rallied toward $82,100 on Sunday amid shifting macroeconomic sentiment and geopolitical developments. Russian President Vladimir Putin has reportedly proposed a summit involving U.S. President Donald Trump and Chinese President Xi Jinping to address the Ukraine conflict. While the potential high-stakes diplomatic talks are anticipated for November, U.S. officials have not yet officially ...
Key Highlights: The Cboe Volatility Index (VIX) surged 21.5% to reach 19.99 on Friday, marking its steepest single-day gain since June 5. Equity markets declined as the S&P 500 fell 1.09%, weighed down by intensifying concerns surrounding artificial intelligence valuations and geopolitical headwinds. Bitcoin exhibited steady to choppy price action near $81,030.77 over the weekend, ...