One-minute letter | CT

2022-05-07 01:00:00 ​​Bitcoin’s rocky road to becoming a risk-off asset: Analysts investigate, & Other News

The best of crypto news, prepared fresh and hot every day:

Ethereum hits 3-week high vs. Bitcoin amid Fed-led market rout
Ether could continue dropping against the U.S. dollar in a high interest-rate environment.

Bitcoin’s rocky road to becoming a risk-off asset: Analysts investigate
Bitcoin has long been known as a “store of value,” but is the world’s largest cryptocurrency transitioning to becoming a risk-off asset in 2022?

SEC approves Valkyrie’s Bitcoin futures ETF
Last month, the watchdog gave the thumbs-up to Teucrium’s Bitcoin futures ETF, which is the first such vehicle to be approved under the ’33 Act.

SPONSORED. Platform launches next-gen digital asset ecosystem as the basis for economic freedom
The absence of economic freedom is often likened to a lack of proper infrastructure, a barrier that the world can overcome with digital assets like cryptocurrencies.

SPONSORED. Leading incubator drives continuous efforts and commitment to GameFi innovation
Blockchain gaming transitions the power of development from big tech to the crypto community. Unfortunately, these companies have significantly more support to get a new concept off the ground than the average player. Open / Comment

2022-05-06 01:00:00 ​​Binance commits $500M to co-invest in Twitter with Elon Musk, & Other News

The best of crypto news, prepared fresh and hot every day:

Bitcoin price hits 10-week lows as $40K spike becomes 'nasty bull trap'
A full reversal and then some for BTC means that bulls are coming to terms with months of ground given up.

Binance commits $500M to co-invest in Twitter with Elon Musk
Binance is among 18 co-investors in Elon Musk's Twitter acquisition alongside firms like Sequoia Capital Fund and Fidelity Management and Research Company.

Luna Foundation Guard acquires additional 37,863 BTC as part of reserve strategy
The acquisition, totaling roughly $1.5 billion, will be used to further backstop Terra Luna’s algorithmic stablecoin UST.

SPONSORED. Cannabis-focused crypto startup is launching an NFT community
Despite the recent spike in interest in the cannabis industry, startups still experience difficulties when it comes to setting up businesses. Open / Comment

2022-05-05 01:00:00 ​​Ethereum eyes mini breakout above $3K as Coinbase ETH outflows hit new record, & Other News

The best of crypto news, prepared fresh and hot every day:

Elon Musk swaps Twitter avatar for a horde of Bored Apes, BAYC floor price surges 10 ETH
The development has caused a stir in the NFT community, with some saying Elon Musk made a collage of bored apes on his avatar to troll NFT owners.

Ethereum eyes mini breakout above $3K as Coinbase ETH outflows hit new record
Macro headwinds continue to hamper Ethereum’s long-term upside prospects.

Price analysis 5/4: BTC, ETH, BNB, SOL, XRP, LUNA, ADA, DOGE, AVAX, DOT
Bitcoin and most altcoins could remain volatile in the short-term due to the Fed’s decision, warranting caution from traders.

SPONSORED. Bitcoin NFT marketplace announces new brand in alignment with release of social hub
As value moves from the physical world to the digital one, the logical question becomes where will one’s identity, arguably their most valuable asset, exist. Open / Comment

2022-05-04 01:00:00 ​​3 reasons why Bitcoin price is clinging to $38,000, & Other News

The best of crypto news, prepared fresh and hot every day:

The birth of ‘Ethereum killers’: Can they take Ethereum’s throne?
The second-largest blockchain has developed a massive ecosystem around it. However, its scalability issues have made room for “ETH killers” to enter the ring.

3 reasons why Bitcoin price is clinging to $38,000
BTC is in a lengthy downtrend but three key price metrics explain why traders are confident that the $38,000 level will hold.

Cardano price drops to level that sparked a 65% ADA rally in March — Will history repeat?
Strong ADA accumulation among whales is also in progress, according to on-chain data.

FEATURED EVENT. BlockDown Festival: Croatia all set for epic Web3 celebration on the beach
The festival, which takes place from May 11 to 13, will explore the intersection of Web3 culture and tech, including NFTs, DAOs, music, arts, gaming and sports. Open / Comment

2022-05-03 01:00:00 ​​Bitcoin ‘bear market’ may take BTC price to $25K, says trader with stocks due capitulation, & Other News

The best of crypto news, prepared fresh and hot every day:

Ethereum risks 35% drop by June with ETH price confirming ‘ascending triangle’ fakeout
Nearly $170 million left Ethereum-based investment funds in 2022, signaling a drop in institutional demand.

Bitcoin ‘bear market’ may take BTC price to $25K, says trader with stocks due capitulation
It could still go either way for Bitcoin price action, but one analyst believes Bitcoin is already coming out on top versus equities.

Price analysis 5/2: BTC, ETH, BNB, SOL, XRP, LUNA, ADA, DOGE, AVAX, DOT
BTC and altcoins are holding at their current support levels, but this week’s comments from the Federal Reserve could be a determining factor in short-term price action.

SPONSORED. Interconnected DeFi hub successfully launches first token fundraising NFT
The DeFi revolution is a change of large magnitude, requiring a hub of offerings that reflects what users can currently find in TradFi. Open / Comment

2022-04-30 01:00:00 ​​Bitcoin whale holdings at 7-month highs despite warnings of BTC price crash to $20K, & Other News

The best of crypto news, prepared fresh and hot every day:

3 reasons why Dogecoin price can now gain 50% by September
Yes, Elon Musk’s Twitter acquisition is one of them.

Bitcoin whale holdings at 7-month highs despite warnings of BTC price crash to $20K
Bitcoin's correlation with stocks has risen to alarming levels, according to some market analysts.

VeChain can be used as payment in 2M stores — and VET bridged to BNB chain
VeChain has made a series of announcements that look to substantially grow usability and adoption of its native VET token.

SPONSORED. P2E game eliminates high-cost barriers for new players to participate in next-gen gameplay
Despite trying to level the playing field, most play-to-earn games still present high enough barriers to entry.

SPONSORED. Sustainable play-to-earn model helps players navigate the rise and fall of GameFi
Gaming community raises the question of the long-term growth and scalability of play-to-earn games. Open / Comment

2022-04-29 01:00:00 ​​$27K 'max pain' Bitcoin price is ultimate buy-the-dip opportunity, says research, & Other News

The best of crypto news, prepared fresh and hot every day:

ApeCoin (APE) hits a new all-time high ahead of this week’s Otherside land auction
APE price continues to hit new all-time highs as BAYC, MAYC and NFT investors prepare for the highly anticipated Otherside land auction.

$27K 'max pain' Bitcoin price is ultimate buy-the-dip opportunity, says research
It may not happen, but a crash to $27,000 would be the chance for many investors to "go all in" on BTC.

STEPN move-to-earn tokens GMT, GST hit new highs after Coinbase listing announcement
Strong hype around the move-to-earn sector helps GMT price establish a new record high.

SPONSORED. Cloud trading platform shares 2022 developments, including DEX integrations and trading signal customization
Crypto trading bots leverage automation to eliminate the technical barriers for new investors.

SPONSORED. Volatile interest rates may be a thing of the past thanks to this DeFi product
This crypto platform is bringing fixed interest rates to DeFi. Open / Comment

2022-04-28 01:00:00 ​​Ex-BitMEX CEO explains how Bitcoin will have hit $1 million by 2030, & Other News

The best of crypto news, prepared fresh and hot every day:

Purpose Bitcoin ETF adds 1.1K BTC as data hints investors want to 'buy the dip'
The world's flagship Bitcoin spot ETF is back buying Bitcoin after spending four weeks reducing its holdings.

Ex-BitMEX CEO explains how Bitcoin will have hit $1 million by 2030
The European Union “is finished,” Arthur Hayes says, while yield curve control will put the U.S. in a “doom loop.”

21Shares launches hybrid Bitcoin and gold ETP to enable inflation hedge
Launched in cooperation with ByteTree, the new BOLD ETP by 21Shares comprises 18.5% of BTC and 81.5% of gold at launch.

SPONSORED. How Web 3.0 apps must adapt to become next-gen of tech, explained
A blockchain development platform introduces a push notifications feature in alignment with 2022 application standards.

SPONSORED. Metaverse project avoids Web3 frenzy to redefine triple-A digital landscape
Web3 projects must deliver value beyond a foundation on the blockchain to ensure their life expectancy extends beyond the impending metaverse bubble burst. Open / Comment

2022-04-27 01:00:00 ​​Bitcoin fails to hold $40K with traders still hoping for a BTC price relief bounce, & Other News

The best of crypto news, prepared fresh and hot every day:

Web3 solutions aim to make America’s real estate market more accessible
Web3 solutions may be the answer to America’s housing market, but will the mainstream want to use blockchain-based platforms?

Bitcoin fails to hold $40K with traders still hoping for a BTC price relief bounce
The latest relief rally, which began April 25, fizzles less than a day later, while Dogecoin continues its bullish vibe.

Dogecoin price risks 40% correction despite Elon Musk-Twitter euphoria
Elon Musk buying Twitter for $44 billion boosts Dogecoin by 25% in the last 24 hours, but selloff risks persist.

SPONSORED. The first metaverse designed for non-crypto gamers releases theatrical trailer ahead of launch
The metaverse is evolving rapidly, increasing the barriers to entry for those without previous crypto knowledge. Open / Comment

2022-04-26 01:00:00 ​​Bitcoin spoofs $39.5K breakout at Wall St open as Elon Musk Twitter takeover nears, & Other News

The best of crypto news, prepared fresh and hot every day:

Bored Ape Yacht Club NFTs stolen in Instagram phishing attack
The phishing attack coincided with the one-year anniversary of BAYC’s launch, leading many users to believe that the link was authentic.

Bitcoin spoofs $39.5K breakout at Wall St open as Elon Musk Twitter takeover nears
Dogecoin reaps the benefits of rumors that plans for Musk to buy Twitter outright are in their final stages.

Price analysis 4/25: BTC, ETH, BNB, XRP, SOL, LUNA, ADA, AVAX, DOGE, DOT
Bitcoin and select altcoins are attempting a recovery, but the most likely outcome of any breakout is strong selling at higher levels.

SPONSORED. Public blockchain rebrand empowers Web2 partners to enter creative world of Web3
The Web3 revolution is already in motion, requiring only the partners of Web2 to enter for themselves. Open / Comment