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Ether and other major cryptos are swept upward in a banner day for crypto markets. PLUS: While the number of large bitcoin holders increases, bitcoin sent to exchanges continues to fall, writes CoinDesk's analysts.
As bitcoin and ether assert themselves as uncorrelated assets, the impact of macroeconomic catalysts has waned
The bankrupt crypto lender was given permission to convert its roughly $170 million altcoin stash to BTC and ETH.
Crypto miners were also included in the rally as bitcoin rose to its highest level in 13 months.
A federal judge on Thursday ruled he sale of Ripple’s XRP tokens on exchanges and through algorithms did not constitute investment contracts.
The rapidly growing TUSD, favored by crypto exchange Binance, poses risk to the market, according to the crypto research firm.
The latest price moves in crypto markets in context for July 13, 2023.
Ondo’s OUSG token, one of the largest on-chain tokenized Treasury products, has accrued $134 million of assets under management on Ethereum.
The bank said it sees few positive drivers for the crypto exchange’s share price in the near term.
Data shows most SHIB market depth is under $1 million on various crypto exchanges, and a sell order of that value could move token prices by 2% immediately.
- 22:44LUCE surged over 45% in 24 hours, currently reported at $0.087Bitget market data shows that the MEME coin LUCE has risen over 45% in 24 hours, currently priced at $0.087. Its current market value has exceeded $87 million.
- 22:30Kaito AI: All proceeds from the minting of Kaito Genesis NFT will be distributed to Yaps point usersThe encrypted data analysis platform, Kaito AI, has announced a new Yaps points plan on social media platforms. All proceeds from the minting of Kaito Genesis NFT will be distributed to Yaps users. In this scheme, the top 1000 Yappers in the Yaps points event leaderboard will share 150 ETH. The first to five hundredth ranked Yappers will each receive 0.2 ETH and those ranked from five hundred and first to one thousandth will each get 0.1 ETH. Users need to bind their ETH wallet address on the Yaps page before 8:00 Singapore time on January 1st to participate. The official team will take a snapshot of the top 1000 Yappers at that same time and distribute the ETH rewards on January 2nd. If there are fewer than 1000 users providing wallet addresses at snapshot time, remaining ETHs would be allocated according to the snapshot list until fully distributed. Additionally, members of Kaito's team are not included in this distribution. According to OpenSea data, Kaito Genesis NFT is currently priced at floor price of 3.499 ETH.
- 22:26Weekly Outlook: Limited Volatility Expected This Christmas Week, Market Focuses More on Betting on the Market Around Trump's Inauguration at the End of JanuaryAccording to Bitget, Greeks.live macro researcher Adam shared a preview of this week's major events on the X platform (12/23-12/29). This Wednesday is Christmas, and major exchanges in Europe and the US will be closed, with crypto funds typically showing outflows this week. Currently, ETFs are the main external source of funds for the crypto market, and the pressure from fund outflows on the crypto market is significantly higher than in previous years, with a strong risk-averse sentiment in the market. Major events this week: 12/23 Monday MicroStrategy is expected to join the Nasdaq 100 Index 12/24 Tuesday Bank of Canada releases December monetary policy meeting minutes (02:30) Reserve Bank of Australia releases December monetary policy meeting minutes (08:30) 12/26 Thursday US initial jobless claims for the week (21:30) 12/27 Friday Bank of Japan releases summary of opinions from the December monetary policy meeting (07:50) Crypto market outlook: Bitcoin falls below $100,000, Ethereum below $3,300. This bull market has not yet seen a significant correction, and with tight funds during the Christmas holiday, a deleveraging event before Trump's inauguration cannot be ruled out, with strong risk-averse sentiment in the market. The options market has nearly $12 billion in options expiring, accounting for over 40% of the current total open interest. Large holders and market makers are actively adjusting their positions, and paying close attention to the market can occasionally yield good opportunities for bargains. The volatility expectation for this Christmas is not high, with the market more focused on betting on the market around the end of January when Trump takes office. It remains a good opportunity to buy options in the near term. In the crypto interest rate market, Bitfinex's interest rate market has been relatively stable recently. It is worth actively executing suitable interest rate orders, especially when there is market activity.
