Crypto Speculators Betting on ‘No Airdrop’ for Arbitrum Lose 95% of Capital
Claims of “no airdrop” on a popular prediction market fell steeply in a single day after Arbitrum confirmed its airdrop on Thursday.
Markets
Bitcoin Breakout Has Put $28K in Cross Hairs
Bitcoin’s swift move above a resistance dating back to August 2022 has strengthened the case for a continued rally.
Crypto Twitter Thinks the Fed’s $297B Balance Sheet Expansion Is ‘QE’, But It’s Not
According to some observers, the latest expansion in the Fed’s balance sheet is not outrightly stimulative like the one seen following the coronavirus-induced crash of 2020.
Wallet Tied to Euler Exploit Sends 100 Ether to Lazarus Group
The Lazarus Group was behind the $625 million exploit of Axie Infinity’s Ronin network in March 2022.
Bitcoin Held in Funds Drops to Lowest Since October 2021, ByteTree Data Shows
The wealth management industry globally is very light in both bitcoin and gold, one observer said.
Shiba Inu Token Falls 10% Amid Shibarium Code Drama
SHIB prices were down 10% in the past 24 hours, data shows.
First Mover Asia: Bitcoin Dips Below $25K as Market Worries About Liquidity
ALSO: CoinDesk’s Shaurya Malwa writes that higher-than-usual market volatility affected bulls and bears alike as crypto futures racked up $300 million in liquidations over a 24-hour period earlier this week.
Ethereum’s Network-to-Value Ratio Slides to 3-Month Low as ETH Rallies 20%
The widely-tracked ratio measures ether’s market capitalization in relation to the value of onchain transactions processed on the Ethereum network.
Bitcoin, Ether Volatility Stuns Bears and Bulls Alike; Some Say Recent Price Action Driven by Bank Crisis
Some market observers say bitcoin’s recent price movements were largely driven by investors looking for alternative assets to park their funds amid a banking clampdown in the U.S.
Over Two Billion USDC Stablecoin Burnt in Single Day, Data Shows
USD Coin holders are not rushing back to holding the token just yet.