Quick Take Bitcoin’s long-term holders (LTHs), those who have held for more than 155 days, have traditionally been perceived as the ‘smarter money’ due to their experience weathering Bitcoin volatility. Key to their strategy is buying Bitcoin during price slumps and offloading during market euphoria. However, observed recent trends hint…
With Bitcoin down some 20% from its year-to-date high, it’s often helpful to zoom out and look at the broader picture. I have a saved chart of all the tokens listed in the Coinbase and Binance lawsuits filed (C&B suits) on June 6 and June 5, 2023, respectively, and their…
Bitcoin’s price reclaimed the $40,000 threshold after trading below the mark during the last two days. According to CryptoSlate’s data, the top cryptocurrency spiked by around 4% during the last 24 hours, peaking at nearly $40,500 today, Jan. 24, before slightly retracing to $39,997 as of press time. Experts have…
Bitwise chief investment officer Matt Hougan attributed the recent decline in the crypto market to overinflated expectations regarding the potential impact of the newly launched Bitcoin exchange-traded funds (ETFs). In a Jan. 23 post on X (formerly Twitter), Hougan explained that the current market sell-off is driven by what he…
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Quick Take The digital asset landscape is seeing a noteworthy surge in Bitcoin whale activity, as signaled by CryptoSlate’s recent data analysis. Amid a 20% pullback from Bitcoin’s highs, these whales – entities holding 1k BTC or more – appear to be capitalizing on the opportunity to accumulate. A marked…
Open interest on Bitcoin futures listed on the Chicago Mercantile Exchange (CME) has been outpacing open interest on Binance futures since November 2023. As of Jan. 23, around 30% of the total open interest in the Bitcoin futures market is on CME. However, as spot Bitcoin ETFs begin to gain…
FOX Business reporter Eleanor Terrett reported a wide range of expectations regarding spot Ethereum ETF approvals on Jan. 23. Notably, Terrett suggested that the U.S. Securities and Exchange Commission (SEC) is opposed to approving a spot Ethereum ETF. She said: “Another source tells me the line at the SEC at…
The IRS on Jan. 22 reminded all taxpayers to answer a question about digital assets and report all digital asset-related income. The question asks taxpayers: “At any time during 2023, did you: (a) receive (as a reward, award or payment for property or services); or (b) sell, exchange, or otherwise…
The Bank for International Settlements (BIS) has revealed its strategic priorities for 2024, with a particular emphasis on Central Bank Digital Currencies (CBDCs) and tokenization. The 2024 roadmap points to a continuation of the watchdog’s engagement with digital financial technologies. The BIS has taken a heavily pro-CBDC stance and has…