DeFi & Ethereum News

2024-01-23 19:45:00 TrueUSD’s slip from $1 peg deepens amid broader sell-off as FDUSD thrives

TrueUSD (TUSD) deviation from its $1 peg has widened under the current red market situation. Data from CryptoSlate shows that the stablecoin dipped as low as $0.9778 in the past 24 hours, coinciding with substantial sell-offs seen in the major cryptocurrencies like Bitcoin and Ethereum. On Jan. 16, CryptoSlate highlighted increased volatility in TUSD’s value as holders opted to liquidate their assets in favor of competing stablecoins like Tether’s USDT.

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https://t.me/DeFi_Ethereum Open / Comment

2024-01-23 07:40:10 FTX sold nearly $1 billion of Grayscale spot bitcoin ETF shares: report

Defunct cryptocurrency exchange FTX has sold nearly $1 billion worth of shares in Grayscale's GTBC fund since the firm's instrument began trading recently as a spot bitcoin ETF, according to CoinDesk, which cited "private data" and anonymous sources. Bloomberg Intelligence senior ETF analyst Eric Balchunas posted data over the weekend showing that Grayscale's fund had shed $2.8 billion since trading began.

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2024-01-22 19:02:02 Bitcoin (BTC) Price to Drop Below $40,000, Predicts Arthur Hayes

BitMEX co-founder Arthur Hayes believes Bitcoin will drop below $40K after the U.S. Treasury quarterly refunding announcement. Arthur Hayes, the co-founder of the BitMEX cryptocurrency exchange, has adopted a pessimistic view of Bitcoin, predicting a decline in its value below the $40,000 threshold. Arthur Hayes, the co-founder of the BitMEX cryptocurrency exchange, has adopted a pessimistic view of Bitcoin, predicting a decline in its value below the $40,000 threshold. `

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2024-01-22 15:52:48 • Market Downtrend: Solana (SOL) and Cardano (ADA) lead a decline in the crypto market, with a 5% drop in the past 24 hours.
• Dogecoin Fluctuation: DOGE initially resisted the market trend, spurred by potential adoption on a social app, but later followed the downtrend.
• Bitcoin’s Support Break: Bitcoin lost its $41,000 support level, with predictions of dropping to $38,000, influencing broader market losses.
• Grayscale’s GBTC Impact: Analysts, including Bloomberg’s Eric Balchunas, link bitcoin’s recent decline to potential sales from Grayscale’s GBTC ETF.
• Grayscale Movements: Over $400 million worth of bitcoin was moved to Coinbase Prime, hinting at possible sales.
• Contrasting ETF Trends: New bitcoin ETFs like BlackRock’s IBIT and Fidelity’s FBTC show over $1 billion in inflows, indicating buying interest.

#CryptoMarket #Solana #Cardano #Bitcoin #Grayscale #ETFs #MarketTrends

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2024-01-22 09:15:00 FDUSD Market Cap Skyrockets by $1 Billion in 2024, Clinching Top 4 Stablecoin Spot

According to statistics, the stablecoin crypto asset FDUSD has seen its market capitalization grow by $1 billion since the start of the year. Presently, the supply stands at 2.614 billion FDUSD after witnessing a 45.7% supply increase in 30 days.

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2024-01-21 19:55:22 Coinbase has 70% chance of full dismissal in SEC lawsuit — Litigation analyst

Bloomberg senior litigation analyst Elliott Stein has indicated he sees minimal likelihood of failure for cryptocurrency exchange Coinbase in its ongoing lawsuit against the United States Securities and Exchange Commission (SEC). Stein forecasts a 70% chance of the exchange securing a full dismissal in the lawsuit. The SEC alleges that by staking customer assets, earning rewards on their behalf and returning them, Coinbase is engaging in offering and selling investment contracts, thereby falling under SEC regulation.

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2024-01-21 08:50:09 SEC opens comment period on proposal that would allow options trading on BlackRock's spot bitcoin ETF

The Securities and Exchange Commission asked for comments from the public about a proposal from Nasdaq that would allow for options trading on BlackRock's spot bitcoin ETF. "The Exchange proposes to amend Options 4, Section 3, Criteria for Underlying Securities, to allow the Exchange to list and trade options on iShares Bitcoin Trust (the 'Trust') as a Unit deemed appropriate for options trading on the Exchange," the filing stated.

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2024-01-20 22:25:01 GBTC's Mixed Fortune: 54% Market Share in ETF Trade Volume Accompanied by $2 Billion BTC Exodus

U.S. market, nine newly launched spot bitcoin exchange-traded funds (ETFs), along with the recently revamped GBTC, collectively saw a trading volume of $16.53 billion. GBTC, commanding the majority of this trade volume, experienced a substantial reduction in its bitcoin holdings. In just the past 24 hours, the trust shed over 14,300 bitcoin, decreasing its total holdings to 566,973 bitcoin.

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2024-01-20 10:50:17 Bitcoin miners enter $482m buying spree amid BTC price slump

Bitcoin price dipped to a 40-day low of $40,700 on Jan 19, sparking concerns of major liquidations if it loses the $40,000 support. Since the much-anticipated spot ETF approval verdict, Bitcoin (BTC) has delivered sideways price performance. Another sell-off wave on Jan. 19 saw prices tumble toward $40,000 for the first time since mid-December.

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2024-01-19 08:30:00 Tether Reportedly Bought 8.9K Bitcoin for $380M, Remaining 11th-Largest BTC Holder

Tether added to its bitcoin (BTC) holdings at the end of the fourth quarter, buying 8,888 more BTC for $380 million, The Block reported. An address associated with the company shows bitcoin holdings of 66,465, which makes it the 11th-largest holder of the cryptocurrency, according to a ranking by Dune Analytics.

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