30 Aug 2024
Crypto market continue to struggle with liquidity post-ETFs despite improvements – Kaiko
Spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) in the US helped improve liquidity in the crypto market, but it’s still not enough to absorb larger volatility, according to an Aug. 29 Kaiko report. Kaiko said that liquidity has improved significantly since the FTX collapse in November 2022. Read more
Bitcoin falls back to $59k after bulls fail to sustain momentum
Bitcoin (BTC) lost the momentum seen over the past day and slid below $59,000 after bulls failed to push prices past the key $61,000 price, which has previously acted as a support and resistance level. Read more
Trump's New Crypto Business to Offer Access to 'High-Yield' Investments, Website Says
World Liberty Financial is "the only crypto DeFi platform supported by Donald J. Trump," according to homepage metadata. Read more
Blockchain Developer Alchemy Buys BWare, Pushing Into Europe, Adding About 25% to Staff
Company officials told CoinDesk this was its biggest acquisition to date, bringing on 42 developers and engineers from the Bware team and increasing Alchemy's headcount to 210. Read more
First Mover Americas: BTC Regains $60K Following Slide This Week
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 29 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Read more
Bitcoin hashprice slump echoes March 2020 BTC price launch zone
Bitcoin hashprice, when compared to BTC price action, is reminiscent of conditions that preceded the 2020 breakout to new all-time highs. Read more
Mt. Gox and US gov’t could introduce $14b Bitcoin selling pressure
Bitcoin’s crabwalk could extend into September, as Mt. Gox and the US government threaten to add nearly $15 billion worth of additional selling pressure. Read more
Former Square, Coinbase execs raise $58M for Bridge stablecoin network
Bridge seeks to build a global stablecoin payment network to rival traditional systems like Swift and credit cards. Read more
BlackRock’s Bitcoin ETF registers second-ever outflow of $13.5M
BlackRock’s Bitcoin ETF has faced its second-ever day of outflows as the price of Bitcoin dipped below $59,000. Read more
Bitcoin exchange reserves reach new yearly low amid $60K price retest
Crypto analysts think that the declining Bitcoin supply on exchanges suggests “something is happening” that could support a bull market, provided demand “continues to grow.” Read more
Crypto ATMs surge 17X in Australia amid concerns over use by bad actors
The number of new crypto ATMs in Australia has surged 17 times over the past two years, but TRM Labs has warned about their use in scams, fraud, and crime. Read more
ChatGPT may already have more monthly users than Netflix
OpenAI says the chatbot has doubled its user count over the last year to more than 200 million per week. Read more
Ethereum DApp volumes rise 36% in a week — Will ETH price follow?
Interactions with Ethereum DApps are soaring, but ETH price has failed to react. Read more
Tesla appears closer to shipping domestic robots than robotaxis
A Boring Company update indicates Tesla’s “Full Self-Driving” software isn’t ready for single-lane tunnel use. Read more
Cboe files amended applications to list Bitcoin, Ethereum options in US
The applications cover ETFs from issuers including Grayscale, iShares, and Fidelity. Read more
Can The Big $5 Billion Crypto Options Expiry Event Today Shift Market Momentum?
Bitcoin options expiry day has come around again and it is a large end-of-month event that may impact already rattled crypto markets. Read more
Crypto Price Analysis August-30: ETH, XRP, ADA, BNB, and SOL
This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana. Ethereum (ETH) This week, Ethereum re-tested the support at $2,400, and so far, buyers managed to defend this level well. On Thursday, ETH managed to recover some of the recent losses and spiked toward $2,600 again. Read more
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