FTX is allegedly to ‘bailout’ Blockfi because 3AC allegedly defaulted following speculations of Celsius bankruptcy after Luna’s collapse raised attempts on other non-stables like stETH. This all sound...
Tag: Trustnodes
NFT Protest Staged – Trustnodes
Nutjobs! Why does everything have to be divisive. NFTs aren’t political! No need to buy if you don’t like. What has America come to. Those are the first impressions when one learns people are protesti...
The Bitcoin Short ETF Starts Trading – Trustnodes
America’s first ever bitcoin shorting ETF is trading at NYSE after the Securities and Exchanges Commission did not refuse listing with opening bids starting at $38.51, lower than the $40 opening price...
Bitcoin’s Price Falls Below Cost of Production – Trustnodes
Bitcoin miners are now operating at a loss for the first time since 2019 as bitcoin’s price falls below its cost of production. It currently costs an estimated $24,000 to mine a bitcoin, while its glo...
SNX Doubles on Short Squeeze – Trustnodes
Synthetix has jumped on Monday, up from $1.50 to above $3 within 24 hours as crypto sentiment seemingly changes. The defi token is also apparently undergoing a short squeeze where those that have bet ...
DXY Topping? – Trustnodes
The dollar strength index (DXY) may be topping after finding some significant resistance at 105. The currency hit that level last month, with it retreating significantly. It touched it again last week...
Gas Falls Below $7 – Trustnodes
The price for gas has fallen below $7 for the first time since April 2022 in a headturning move that has traders wondering whether the worst is over. From inflation, to the cost of living, to bitcoin ...
Ethereum Longs Spike – Trustnodes
Bets on ethereum rising on one of the biggest crypto exchange, Bitfinex, have risen to their highest level since November 2021. They’ve almost tripled since the beginning of this month, with 405,000 e...
How the Rich Crashed the World – Trustnodes
The world’s richest people may have topped the stock market with relentless selling in 2021 that amounted to 80% higher than the average for the past decade. The presidents of the Federal Reserve bank...
Grayscale’s Bitcoin Price Falls to $12,000 – Trustnodes
The bitcoin price at Grayscale’s stock traded trust, GBTC, has fallen to $12,000 per BTC, far lower than the global market rate of $19,000. The discount has now widened to 34% amid a market rout while...
Bitcoin Drops Below $20,000 – Trustnodes
Bitcoin has fallen below its previous all time high, dropping to a new low of $18,700 after just four days of sideways above $20,000. The crypto-currency is now down another 10% in just a day in a non...
Miners Sell 88,000 Bitcoin – Trustnodes
Transfers to exchanges from bitcoin miners spiked to all time high on Tuesday according to the blockchain analytics startup Coinmetrics. “A net 88K BTC was sent to exchanges from miners,” Kyle Waters ...
Stocks Green on Topping Out FUD – Trustnodes
European stocks have risen today by about 1.5% with Nasdaq likewise seeing a similar rise after months of red. Gas is down about 20%, though oil keeps sticking to $120. Bitcoin’s $20,000 and eth’s $1,...
How Crypto Learned to Love the Bear – Trustnodes
Crypto is dead, Coinbase said in an ad on prime time TV, long live crypto. While at the same time it announced layoffs of 1,100 people. We hired too much, said Brian Armstrong, Coinbase’s co-founder, ...
Microstrategy Whiskers From Liquidation – Trustnodes
The biggest corporate bitcoin holder, Microstrategy, with 129,218 bitcoin in custody, is down by $1 billion in unrealized losses. They bought the stash for $4 billion. It is now worth just under $3 bi...
Crypto Marketcap Drops Below $1 Trillion – Trustnodes
The market cap of all cryptocurrencies has fallen below one trillion for the first time since January 2021. All cryptos are now worth $940 billion combined, bitcoin having the lion’s share at $437 bil...
stETH Drops to 0.93 ETH – Trustnodes
The value of the liquid staking derivative stETH is down 2.3% today to 0.937 eth when they’re equivalent to one staking eth. The ratio has kept to circa one eth since they launched on Christmas day 20...
Celsius Pauses Withdrawals – Trustnodes
Celsius, a centralized startup that intends to defi for you, is currently undergoing a bank run situation due to significant reliance on locked staking eth. The entity itself appears to be largely sol...
Bitcoin Longs Near 100,000 BTC – Trustnodes
Bitcoin longs on Bitfinex have tripled since April, up to 84,000 BTC last month and now up again to 93,500. That’s worth some $2.6 billion at the current price, with the vast majority of these longs p...
Ethereum’s Difficulty Bomb Delayed – Trustnodes
Ethereum’s ratio plunged by close to 20% at some point, down 10% now to 0.054BTC, starting this Friday when developers decided to delay yet again the difficulty bomb. “In short, we agreed to the bomb ...
The Fed Trap – Trustnodes
The value of every asset is falling, including the value of the dollar which is being eaten up by inflation. So are investors trapped, with no escape, as even the value of fixed assets like bitcoin fa...
Ethereum Falling Below Its Previous All Time High – Trustnodes
Ethereum is close to falling below its previous all time high of just above $1,400 with the currency suddenly dropping to $1,420 before somewhat recovering to $1,460. In inflation adjusted terms and i...
The Grayscale Bitcoin ETF Countdown Begins – Trustnodes
“The market is ready,” said Dave Lavalle, the Global Head of ETFs at Grayscale, as an industry that has waited a decade wonders whether the Securities and Exchanges Commission (SEC) will finally play ...
Bitcoin Down, DXY Up on Inflation Data – Trustnodes
Bitcoin has fallen to just above $39,000 while eth has dropped further, with it just about keeping $1,700. That’s on a very red day for stocks as inflation comes at 1% for May, or 8.6 percent on a sea...
Do Kwon Paid $80 Million a Month – Trustnodes
The founder of Luna, Do Kwon, was receiving 100 billion won, worth about $80 million, every month prior to the collapse of the project, South Korean media reports. They claim the Securities and Exchan...
India’s Civil Service Exam Asks About Web3 and NFTs – Trustnodes
India wants its civil servants to know about the very new concept of web3 and about jpeg tokens, NFTs. The most competitive exam in the nation that takes two years of preparation with one million cand...
Ethereum Fees Fall to $1 – Trustnodes
Ethereum fees have fallen to their lowest level since July 2020, just as the bull was about to begin. A simple transaction now costs 25 gwei, worth $1.17, and even a high priority transaction costs on...
$29,000, The Iron Support – Trustnodes
Bitcoin has been sidewaying around $29,000 – $30,000 for almost a month now since around May the 10th. Bears have tried and tried to break it, without much success so far. Will that change? For the fi...
Ropsten Merges Successfully – Trustnodes
Ethereum’s oldest Proof of Work testnet has successfully upgraded to full Proof of Stake following some delay due to miners reducing the hashrate. The Beacon chain was launched earlier this month with...
Ethereum Miners Add 200,000 ETH – Trustnodes
Ethereum miners are holding 920,000 eth, worth $1.7 billion, according to the blockchain analytics startup Santiment. They have been accumulating since May 2021 after a sell-off from 1.1 million eth i...
Medvedev Disses Geeks – Trustnodes
Russia seems to be going through some sort of a nervous breakdown currently with their former President and Prime Minister Dmitry Medvedev lashing out at… geeks? “I am often asked why my Telegram post...
Bitcoin Miners Accumulate 1.8 Million BTC – Trustnodes
Bitcoin miners have turned to selling again at the rate of about 3,300 bitcoin a month according to the blockchain analytics startup Glassnode. Miners sold about 10,000 bitcoin since April, worth abou...