Crypto News
Financial Analyst States Bitcoin Is ‘Not a Hedge Against Anything’
Jacob King, a financial analyst at Whalewire, has stated that he doesn’t consider bitcoin a hedge “against anything.” King stressed that “crypto itself was entirely propped up by stable coin fraud. I warned it would crumble like paper when it starts.” Bitcoin fell under $50,000 on August 5th, as the Japanese stock market also tookSource link
Bitcoin’s Unreliable Death Cross Is Looming Again
The death cross is known to cause catastrophizing among inexperienced investors. But it's an unreliable indicator.Source link
Capula Management Invests $464 Million in Bitcoin ETFs, Signaling Institutional Interest
Capula Management, one of the largest hedge funds in Europe with assets under management (AUM) of approximately $118 billion, has made a significant move in the cryptocurrency market by investing $464 million in spot Bitcoin exchange-traded funds (ETFs). This substantial investment underscores the growing institutional interest in bitcoin, even amid market fluctuations. Capula’s step highlightsSource link
Ethereum ETFs Scored $49M Inflows as ETH Plunged
ETH bounced over 18% in the past 24 hours to reverse losses from a steep fall on Monday, with some drawing eyes to the blockchain’s fundamentals.Source link
Binance to Implement Major API Updates in September 2024
Binance announces significant updates to its API, including Request Weight Adjustments and WebSocket User Data Requests, effective from September 3, 2024. (Read More)Source link