Protocol Village: Kinetix Gets Strategic Investment to Build on Gnosis
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Nov. 16-22, with live updates throughout.
Bitcoin
Bitcoin Bounces 6%, Threatens $38K; ‘Good Times Are Here,’ Analyst Says
Cryptocurrencies Wednesday roared back from yesterday’s drubbing, with bitcoin [BTC] nearing a new 18-month high just shy of $38,000 after tumbling below $35,000 at one point on Tuesday.
Bitcoin’s Options Market Has Overtaken Its Futures Market in a Sign of Growing Sophistication
The notional open interest in the global BTC options market stood at $17.5 billion at press time, while open interest in the futures market was $15.84 billion.
Crypto Futures Funding Rates Normalize After Bitcoin Drops to $35.6K
Large movements in spot markets led to open interest surging to $35 billion over the weekend, indicating highly leveraged bets from traders hoping for even higher prices.
Solana, Avalanche, Chainlink Tumble 8%-12% as Crypto Rally Cools Amid Fake BlackRock XRP Trust Filing
A fake BlackRock XRP Trust filing roiled the crypto market during U.S. afternoon hours, weighing on altcoins as the crypto rally cooled.
CPI Report Tuesday Could Provide Next Bitcoin Catalyst
The U.S. government tomorrow will report on October inflation data.
Bitcoin Researcher Behind ‘BitVM’ Ignites Fresh Buzz With New Paper on File Hosting
The proposal by Robin Linus, a core contributor to Bitcoin-based zero-knowledge proofs developer ZeroSync, sets out how an open market for content hosting could be created by “an atomic swap of coins for files.”
First Mover Americas: Ether Surges on BlackRock’s ETF Plans
The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 10, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin Could Hit $69K by Mid-2024 as It Enters Acceleration Phase, Analyst Says
BTC prices have doubled this year amid a spot ETF push by prominent traditional finance firms.