Category: Markets

The surge of crypto SPACs is drawing comparisons to the ICO era

The surge of crypto SPACs is drawing comparisons to the ICO era

Quick Take SPACs are getting popular in the crypto industry, with Bakkt, Circle and Bullish leading the way. To some industry insiders, the trend looks similar to the beginning of the ICO era. This feature story is available to subscribers of The Block Daily. You can continue reading this Daily feature on The Block. Get […]

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Binance to lower futures trading leverage limit to 20 times for existing users

Binance to lower futures trading leverage limit to 20 times for existing users

Crypto exchange Binance is poised to lower down the futures trading leverage limit for existing users. Binance co-founder and CEO Changpeng Zhao said in a tweet on Sunday that Binance futures has already started “limiting new users to max 20x leverage” since July 19. “In the interest of Consumer Protection, we will apply this to […]

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Strategist Mike McGlone Believes Bitcoin Can Jump to $60K Resistance vs. $20K Support

Strategist Mike McGlone Believes Bitcoin Can Jump to $60K Resistance vs. $20K Support

The senior commodity strategist at Bloomberg Intelligence, Mike McGlone, has been long on bitcoin for a while now and he said last month that bitcoin has a “bullish ace up its sleeve.” This week the strategist’s analysis notes that bitcoin prices will likely revert toward the $60K handle in contrast to the $20K support range. […]

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Crypto Fear and Greed Index Taps Low at ‘Extreme Fear,’ BTC Technicals Point to Uncertainty

Crypto Fear and Greed Index Taps Low at ‘Extreme Fear,’ BTC Technicals Point to Uncertainty

On Wednesday, following the drop below the $30,000 region, bitcoin’s price has rebounded more than 8% since Tuesday’s low. Meanwhile, the sentiment metric recorded by the Crypto Fear and Greed Index (CFGI) is extremely low, pointing to “extreme fear” in the market. Despite being a scary term, the time is usually the best time to […]

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Silvergate’s growth continues thanks to SEN, but it’s looking to Diem for future expansion

Silvergate’s growth continues thanks to SEN, but it’s looking to Diem for future expansion

Silvergate posted another round of strong quarterly results on Tuesday morning — and the market took notice. Silvergate stock jumped 15% since today’s opening, currently sustaining around $97.60. The firm nearly doubled pretax income compared to last quarter, according to CEO Alan Lane.  “Our success continues to be driven by strong demand for our digital […]

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Bitcoin Slides Under $30K, Stablecoins Eclipse Trade Volumes, Crypto Interest Depletes

Bitcoin Slides Under $30K, Stablecoins Eclipse Trade Volumes, Crypto Interest Depletes

The price of bitcoin has slid under the $30K zone on Tuesday, dipping to $29,300 per unit during the early morning trading sessions (EDT). The global cryptocurrency market capitalization of all the crypto coins in existence is $1.19 trillion as it decreased by more than 6% in the last day. Bitcoin’s Market Cap Sees $19 […]

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Bitcoin’s Value Dropped 8% This Week, Analyst Says Equities Correction Could Impact Crypto

Bitcoin’s Value Dropped 8% This Week, Analyst Says Equities Correction Could Impact Crypto

Digital currency markets have slipped in value this week as bitcoin has shed more than 8% of its value over the last seven days. The entire market capitalization of all 10,000+ crypto assets has also dropped 3.4% in value to $1.25 trillion on Monday. Crypto markets are following the trend of large drops seen across […]

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DriveWealth set to raise up to $400 million from SoftBank and Insight Partners: sources

DriveWealth set to raise up to $400 million from SoftBank and Insight Partners: sources

DriveWealth, a fintech startup fuelling the boom in retail stock trading, is set to raise up to $400 million in a Series D round led by SoftBank and Insight Partners, according to four people familiar with the matter. The exact size of the raise is still being finalized, according to one of the people close to […]

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These Are the Crypto Economy’s 5 Most Expensive Assets per Unit

These Are the Crypto Economy’s 5 Most Expensive Assets per Unit

On July 18, the most valuable cryptocurrency in terms of dollars per unit, is bitcoin which is currently trading for $31,693. Besides all the wrapped bitcoins and synthetic bitcoin pegs, the second-highest valued crypto-asset per unit is yearn finance and maker follows behind. Removing the market capitalization positions and viewing crypto assets in this way […]

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