Author: Vickie Helm

Important points Arthur Hayes has suggested that Tether is in the early stages of a large-scale interest rate trade, betting that the price of Bitcoin and gold will rise even though a Fed rate cut will hurt Treasury revenue. He argues that a significant decline in Bitcoin and gold positions could wipe out Tether’s stock. Share this article BitMEX co-founder Arthur Hayes claims that Tether is preparing for the upcoming Fed rate cut cycle by moving a larger percentage of its reserves into Bitcoin and gold.Hayes wrote in X on Saturday that Tether’s latest testimony suggests the company is bracing…

Open this photo in gallery:Bitcoin has been a market leader for a long time, so its recent struggles may suggest that the worst is not yet over for the market.Justin Tallis/AFP/Getty ImagesJohn Rapley is a contributing columnist for The Globe and Mail. He is a writer and scholar whose books include Why Empires Fall and Twilight of the Money Gods.The Federal Open Market Committee (FOMC) appeared to have a majority in favor of further easing after the influential New York Fed president gave a speech last week suggesting he supported further rate cuts. After weeks of turmoil, the stock market…

Deposits from large investors are driving currency inflows, pushing up the average deposit amount of BTC and ETH. The ongoing correction in Bitcoin is likely to get even worse in the coming weeks due to the current trends of traders and large investors. Analysts at cryptocurrency research firm CryptoQuant have discovered that BTC traders are transferring large amounts of their holdings to exchanges. Historically, large exchange deposits have preceded large-scale sales, while withdrawals from trading platforms indicate investors are moving assets into self-custody. In this situation of increasing BTC deposits, traders intend to continue selling digital assets even in the…

The big story in crypto news today is that the market has remained surprisingly calm, despite what could have been a much larger upheaval. BTC USD is still hovering around $90,000, and ETH USD continues to inch upwards. All this happened even after a sudden outage at the Chicago data center that temporarily froze trading screens around the world. Once the Chicago data center issue was resolved, the market rebounded sharply, and stocks rose further on hopes that the Fed might eventually cut interest rates. Somehow, BTC and ETH have barely flinched against USD all that time. Market capitalization 24…

important notesInstitutional investors drove ETH’s recovery with $291 million in net ETF deposits for the second consecutive session. Tom Lee-linked wallets accumulated $185.6 million worth of Ethereum this week, reinforcing bullish momentum across the market. Technical analysis shows a descending wedge pattern that predicts a 53% rally to $4,600 if the price sustains above $3,150. Ethereum Ethereum $3,043 24 hour volatility: 0.4% Market capitalization: $36.737 billion Vol. 24 hours: $2.019 billion Prices regained the $3,000 level on Friday, up 17% from the weekly low of $2,620 hit on Nov. 21. This recovery has been primarily driven by institutional capital flows,…

The platform suspends trading across futures and FTX products. This occurred following cooling issues at the CyrusOne data center. The disruption comes days after CME celebrated a record day for the cryptocurrency complex. The Chicago Mercantile Exchange implemented an unexpected trading halt on Friday after its CyrusOne data center overheated and major services and platforms went offline. It was confirmed in today’s official X post: Our market is currently suspended due to cooling issues in the CyrusOne data center. Futures trading related to currencies, stock indexes, government bonds and commodities stopped updating, live price feeds were shut down, traders were…

Trustworthy editorial content reviewed by industry-leading experts and experienced editors. Advertising disclosure Ethereum founder Vitalik Buterin has quietly redirected some of his growing on-chain privacy activity to the encrypted messaging space, donating a total of 256 ETH to SimpleX chats and sessions via the Railgun privacy protocol. On-chain analytics firm Arkham first flagged the move, pointing out that “VITALIK just transferred $2.9 million in ETH to RAILGUN. Vitalik holds over $700 million in ETH and just transferred $2.9 million to Railgun. What is he cooking?” VITALIK transferred $2.9 million ETH to Railgun Vitalik holds over $700 million in ETH and…

Individuals can now use Apple Pay to purchase cryptocurrencies in Trust Wallet. This feature is currently available in over 45 countries. Such updates reduce the barrier to entry into the world of cryptocurrencies and blockchain. Trust Wallet, one of the reputed digital asset wallets, has taken another step towards accelerating the adoption of cryptocurrencies. Today, November 27th, we confirmed the addition of Apple Pay to X, allowing individuals in over 45 countries to purchase their favorite virtual tokens within seconds. In particular, this new feature promises to enhance the experience for new and existing users. The announcement read as follows:…

Animoca Brands founder Yat Siu aims to position his company as a way for investors to gain exposure to the broader cryptocurrency project and altcoin market as the company plans to go public through a reverse merger next year.“We believe that altcoins will ultimately outperform Bitcoin overall in the largest areas,” Siu said in an interview with Cointelegraph on Wednesday.Mr. Siu compared Bitcoin (BTC) to gold, saying that while there is no single company that exceeds the market capitalization of gold, the total market capitalization of all listed companies is “approximately five to six times that of gold.” He said…

Bitcoin prices soared above $90,000 on Wednesday, driven by accelerating institutional demand and a new wave of Wall Street-designed crypto products. The surge followed new disclosures showing that BlackRock is increasing its exposure to its Spot Bitcoin ETF and that JPMorgan is marketing complex, high-stakes structured bonds tied directly to BlackRock’s IBIT fund. Bitcoin price hit a 24-hour low of $86,129 before rebounding above $90,300, continuing the volatile gains that characterized the fourth quarter. The Strategic Income Opportunities Portfolio currently held 2,397,423 shares of IBIT stock valued at $155.8 million as of Sept. 30, according to BlackRock’s latest regulatory filing.…