Share: NZD/USD trades on a softer note near 0.6313 on the downbeat Chinese economic data. The Chinese NBS Manufacturing PMI came in at 49.0 in December vs. 49.4 prior, worse than expected. The markets expect that the Fed will begin its easing cycle … [Continue reading]
$518 million in crypto tokens could flood exchanges in January: APT, INJ, OP, SUI, AXS unlocks
Share: Token unlocks in Aptos, Injective, Optimism, SUI and Axie Infinity are lined up in January. The unlock value of these tokens exceeds $518 million according to TokenUnlocks data. Large volume unlocks typically result in a … [Continue reading]
Ethereum price could make a recovery as ETH supply on exchanges hits an all-time low
Share: Ethereum supply on exchanges hit an all-time low, 8.04% of the asset’s total supply is in exchange wallets. ETH price gears up for a recovery alongside rise in active addresses on the Ethereum chain. ETH price sustains above … [Continue reading]
Bitcoin price reaction to likely Spot ETF approval could disappoint BTC holders
Share: Bitcoin Spot ETF’s likely approval by the SEC could promote inflow of over $100 million to the securities product in the short term. Director of Digital Assets Strategy at VanEck says people tend to overestimate the initial impact of Spot … [Continue reading]
Orbit Chain hackers ring in New Year with $81.4 million exploit
Share: Orbit Chain cross-chain bridge suffered an exploit resulting in a loss of Tether, DAI, USDC, wBTC and ETH worth nearly $81.4 million. The exploiter drained the bridge and sent assets to a new wallet. Blockchain security firm … [Continue reading]
Bitcoin Spot ETF approval may fail to catalyze BTC price rally for these reasons
Share: Bitcoin Spot ETF’s likely approval next Tuesday failed to stir volatility in futures markets. Options data for January 12 has a strong correlation with Bitcoin Spot ETF. Options Implied Volatility fell rather than rising and the … [Continue reading]
Litecoin hits over 1 million daily transactions for the first time in 2023 alongside LTC price rally
Share: Litecoin active addresses climbed consistently between November 11 and December 31. LTC daily transactions hit a record 1 million for the first time in 2023, while Litecoin price rallied. Litecoin yielded nearly 7% gains in the … [Continue reading]
Vitalik Buterin proposes to solve Ethereum design’s weakness through update
Share: Ethereum co-founder Vitalik Buterin shared an updated roadmap for ETH 2023 appreciating progress made by ETH Layer 2s. Vitalik did not commit to a timeline for changes to Ethereum and noted that they are ordered according to … [Continue reading]
Spot Bitcoin ETF decision by the SEC could be out by January 3: Reuters report
Share: Spot Bitcoin ETF issuers could hear from the SEC as soon as Tuesday or Wednesday according to a Reuters report. ETF issuers are meeting their end of the year deadline for filing revisions in order to prepare for a probable launch on January … [Continue reading]
China NBS Non-Manufacturing PMI came in at 50.4, below expectations (50.5) in December
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]