Update (July 23 at 10:00 pm UTC): This article has been updated to remove inaccurate information previously attributed to Asymmetric CEO Joe McCann. Crypto hedge fund Asymmetric Financial is pivoting away from liquid trading strategies following sharp underperformance and public backlash from investors. In a post shared on X Wednesday, CEO Joe McCann acknowledged that…
Key points: Bitwise analysts said new US crypto laws favor Ether, boosting its role in tokenization and stablecoins. Institutions pile into ETH, with staking ETFs expected to add $20 billion-30 billion yearly. Ether (ETH) was last week’s top performer, as Bitwise analysts called it a “watershed moment” driven by new US crypto laws and a…
Key points: SOL dropped 9.5% as $30 million in long liquidations took place. A bearish divergence in futures CVD and elevated funding rates suggests that a long squeeze triggered the correction. Support at $180 and a recent golden cross hint that the bullish continuation is still in play. Solana (SOL) dropped 9.5% on Wednesday, dipping…
Key point: XRP (XRP) rose to a multi-year high above $3.66 on Friday, indicating aggressive buying by the bulls. That helped XRP’s market capitalization exceed that of the global fast-food giant McDonald’s on Monday. However, the failure to sustain the momentum may have tempted short-term buyers to book profits after the sharp run-up. What are…
Key point: XRP (XRP) rose to a multi-year high above $3.66 on Friday, indicating aggressive buying by the bulls. That helped XRP’s market capitalization exceed that of the global fast-food giant McDonald’s on Monday. However, the failure to sustain the momentum may have tempted short-term buyers to book profits after the sharp run-up. What are…
Key point: Nasdaq-listed company DeFi Development Corp said on Monday that it had acquired 141,383 Solana (SOL) between July 14 and Sunday, boosting its treasury to 999,999 SOL. The company said it had $5 million at its disposal for future SOL purchases. Another positive sign for SOL is that SSK, the SOL staking exchange-traded fund…
Key point: Nasdaq-listed company DeFi Development Corp said on Monday that it had acquired 141,383 Solana (SOL) between July 14 and July 20, boosting its treasury to 999,999 SOL. The company said it had $5 million at its disposal for future SOL purchases. Another positive sign for SOL is that SSK, the SOL staking exchange-traded…
Key points: Bitcoin dives more than 2% from its $120,000 daily high to swipe bid liquidity in an anticipated move. Market projections nonetheless see a deeper retracement coming. “Froth” is starting to appear across crypto as altcoin open interest hits new all-time highs. Bitcoin (BTC) dipped to take bid liquidity at Wednesday’s Wall Street open…
Key points: Bitcoin dives more than 2% from its $120,000 daily high to swipe bid liquidity in an anticipated move. Market projections nonetheless see a deeper retracement coming. “Froth” is starting to appear across crypto as altcoin open interest hits new all-time highs. Bitcoin (BTC) dipped to take bid liquidity at Wednesday’s Wall Street open…
Key takeaways: XRP (XRP) price is taking a pause after reaching its multimonth high of $3.66 a week ago, fueled by regulatory clarity and institutional adoption. XRP/USD weekly price chart. Source: TradingView The resolution of Ripple’s SEC lawsuit with a $50 million fine and confirmation that XRP isn’t a security have unleashed bullish momentum over…