Gemini, OKX and Crypto.com experienced “severe” outflows over the past week while a declining stablecoin market shows an investor exodus, according to analysts at JPMorgan Chase. Exc...
Tag: token-projects
Crypto firms rush to allay Genesis contagion fears as stocks crater
Crypto-related stocks plunged as Genesis became the latest victim of the FTX fallout. Bitcoin was trading at $16,593, up 0.7% from $16,479 earlier in the day. Ether gained a modest 0.5% to trad...
Bitcoin, ether decline, stocks sink and Ark is warm on GBTC
Crypto markets slid on Wednesday as altcoins surrendered gains made at the top of the week. Bitcoin was down 2.6% at $16,479 over the past day, while ether lost 4.5% to trade at $1,207, accordi...
Silvergate stock sinks 12% on FTX links
Crypto bank Silvergate shares tanked 12% as the ripple effects of FTX’s collapse continue. Last week, the La Jolla-based crypto bank said its exposure to FTX was limited to deposits, but ...
Stablecoins are … stable again
The stablecoin market has stabilized since the collapse of TerraUSD as confidence is returning to larger coins, Fitch Ratings said. Tether and Circle, the issuers of USDT and USDC stablecoins, ...
Uniswap token gains as trading volumes jump; bitcoin, ether slip
Mainstream cryptocurrencies traded marginally lower on Tuesday morning on the U.S. East Coast, while some altcoins bucked the trend. Bitcoin was down 1.7% at $16,883 over the past day, while et...
Ark Invest picks up $2.8 million worth of Grayscale Bitcoin Trust shares
Cathie Wood’s Ark Invest bought shares in Grayscale’s Bitcoin Trust (GBTC) on Monday, days after the trust’s discount reached a new low. Ark purchased 315,259 shares of GBTC o...
The Block: Bitcoin mining stock report: Monday, November 14
Bitcoin stocks broadly traded down on Monday, Nov. 14. Bit Digital clocked the biggest gains on Monday, adding 3.64%. Elsewhere, TerraWulf and Mawson Infrastructure Group also added modest gain...
Bitcoin, ether move higher as Goldman Sachs see negative outlook for Coinbase
Crypto prices increased even as Wall Street banks predicted more gloom for the industry amid the FTX debacle. Bitcoin was trading at $17,060, up 3% over the past day, while ether added 4% to tr...
Bitcoin, ether drop as FTX’s bankruptcy filing spooks crypto markets
Crypto prices sank on the news that FTX and more than 100 corporate entities affiliated with the firm are filing for bankruptcy. Bitcoin dropped 5.2% at $16,551, while ether crashed 6.5% to $1,...
Bitcoin and ether up as U.S. inflation data below estimates at 7.7% in October
U.S. inflation is showing signs of cooling down as crypto markets remain tumultuous. Inflation in the U.S. came in at 7.7% in October. Based on FactSet data, analysts had predicted an 8% increa...
Tether’s USDT falls 1% below dollar peg amid market uncertainty
USDT, the stablecoin issued by Tether, has fallen 1% below its peg to the U.S. dollar today amid ongoing market turmoil. The largest stablecoin on the market fell to $0.9911 today, according to...
Grayscale Bitcoin Trust trading at discount of more than 40% amid market tumult
The Grayscale Bitcoin Trust (GBTC), which has been trading at a discount since the beginning of 2021, hit a record low on Wednesday. GBTC is currently trading at a discount of -40.7%, its lowes...
Token management platform Magna closes $15 million funding round
Token management platform Magna raised $15.2 million at a $70 million evaluation. The funding round was led by venture capital firms Tiger Global and Tusk Ventures, CoinDesk first reported. Shima Capi...