Arca’s Jeff Dorman: Market’s Fixation on Bitcoin ETF is Because 2023 is Boring
Arca’s Chief Investment Officer says there hasn’t been much to sink your teeth into as a digital asset investor this year.
Markets
Bitcoin Slumps Under $26K as Bearish Outlook Engulfs Crypto Market
Price-charts suggest more declines ahead even as large investors are adding on their bitcoin holdings, one trader said.
Bitcoin Dips Below $26K, Smaller Cryptos Head Lower on Fed’s Powell’s Hawkish Remarks
Federal Reserve chair Powell speaking at Jackson Hole doubled down on keeping financial conditions tight, including hiking interest rates further if needed.
Fed’s Powell at Jackson Hole: Prepared to Raise Rates Further if Appropriate
Market participants were looking to Friday morning’s speech to gauge the future direction of the U.S. central bank’s monetary policy.
Default of Tokenized Loans on Centrifuge Puts MakerDAO’s Investment at Risk
DeFi giant MakerDAO has lent $1.8 million of DAI stablecoin to the tokenized credit pool under distress.
First Mover Americas: Bitcoin Clings to $26K as Investors Await Powell’s Speech
The latest price moves in bitcoin (BTC) and crypto markets in context for August 25, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
JPMorgan Sees Limited Downside for Crypto Markets in the Near Term
News that Elon Musk’s SpaceX had liquidated its bitcoin holding in the previous quarter acted as an additional catalyst for the correction in crypto markets in August, the report said.
Weird PEPE Transfers Spook Investors and Prompt 12% Plunge
(Danny Nelson/CoinDesk)
Ether Whales Scooped Up $94M in ETH as Price Plunged to $1.6K
ETH fell to as low as $1,547 last Thursday, its lowest price since June.
Bitcoin Gives Up Gains, Slips Below $26K Ahead of Fed’s Jerome Powell at Jackson Hole
The Kansas City Federal Reserve’s annual Jackson Hole Symposium is underway, and Powell will deliver his keynote address Friday morning.