Category: Cryptocurrency
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Bitcoin’s 52-week correlation with USD/JPY hits -0.90, undercutting ‘carry trade’ theory
Bitcoin’s price has shown an unusually strong negative 52-week correlation with the dollar-yen exchange rate.
Live updates: BlackRock’s IBIT sheds $300 million as bitcoin demand dwindles
IBIT alone shed $300 million while smaller funds absorbed some of the outflow. The selloff…
Dubai set for crypto firm influx as MiCA deadline pushes companies to reassess Europe
Dubai lawyer Irina Heaver says European founders are flocking to the UAE for faster licensing,…
XRP holds $1 support as network activity rises and leverage clears out
Active addresses jumped 72% in two weeks while open interest fell to its lowest level…
Ether, solana and dogecoin slide as Strategy’s bitcoin sales plan pressures market
Bitcoin held below $60,000 as a surging dollar kept crypto pinned. Onchain demand stayed quiet…
Tether trades at 7% to 10% premium in India. Exchanges say its just supply and demand
Executives at major platforms CoinDCX and CoinSwitch say the premium reflects a demand-supply imbalance and…
Bitcoin under pressure below $60,000 as Japanese yen hits 40-year low against the U.S. dollar
BTC fell in Asia as the Japanese yen tanked to four-decade lows, lifting the dollar…
Securitize heads to NYSE debut after investors approve SPAC merger
The tokenization firm is expected to begin trading on the NYSE on Thursday, becoming one…
Crypto firms operating in UK to be subject to sweeping new rules
City regulator will require booming industry to prove its resilience to risk from October next…
Bitcoin lending is entering a new institutional era, according to Silicon Valley Bank
The bank said bitcoin lending has emerged from the 2022 crypto credit collapse with stronger…