Crypto Market Outlook 2024: ETFs Offer Tailwinds for Other Digital Assets
With the expected launch of a spot bitcoin ETFs in Q1 of 2024, crypto is coming of age, says CoinDesk Indices head of research, Todd Groth.
First Mover Americas: Bitcoin Tops $45K for First Time in 21 Months
The latest price moves in bitcoin [BTC] and crypto markets in context for Jan. 2, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Orbit Chain Loses $81M in Cross-Chain Bridge Exploit
Orbit Chain, a platform that interacts and transacts with various blockchains, has lost $81 million after hackers exploited the platform’s cross-chain bridge.
Polymarket Traders See 89% Chance of SEC Approving Spot BTC ETF by Jan. 15
Some investors have bought the “No side shares” of the prediction contract to hedge against potential delays in the SEC’s approval of spot ETFs.
Bitcoin-Related Companies Show Pre-Market Gains as BTC Nears $46K
U.S.-listed companies rode bitcoin’s bullish momentum to show significant gains in pre-market trading, including COIN, MSTR, MARA and RIOT.
Sei Network Emerges as Latest Crypto Favorite; Meme Coin SEIYAN Leads Bets
Meme coin SEIYAN – apparently a cult term for holders of the SEI token – has gained 400% in the past week, serving as a proxy for the growth of the broader Sei ecosystem.
Wild Trading Session Sees Tellor’s TRB Token Slide From $720 to $180 in Hours
Futures tracking the lesser-known token saw $68 million evaporate in leveraged bets in a 24-hour period.
Bitcoin Bullish Bets Costlier Than Ever as Funding Rates Hit Record 66%
Data tracked by Matrixport show global average perpetual funding rates rose to a record 66% annualized early Monday.
Bitcoin Starts the New Year Rising Past $45K, Highest Level Since April 2022
Speculation has been ramping up that regulatory approval for a U.S.-based spot bitcoin ETF is coming this week.