Harris Leads Trump on Polymarket as DNC Begins, but They Got Tied Earlier Amid Volatility
Plus, bettors see RFK dropping out by November without a Trump endorsement, and China’s ‘bitcoin ban’ is more complicated than what Justin Sun thinks.
Markets
Attention Bitcoin Traders, the Japanese Yen Is Strengthening Again
A similar yen outperformance early this month, triggered carry unwind and rocked risk assets, including cryptocurrencies.
TON Leads Crypto Majors as BTC, ETH Remain Flat
GameFi heavy TON outperformed the CoinDesk 20 during the Monday trading day in Asia.
Bitcoin Mining Profitability Fell to All Time Lows in August, JPMorgan Analyst Says
The total market cap of the fourteen publicly listed mining stocks the bank tracks fell 18% since the end of last month, the report said.
First Mover Americas: Crypto Trades Little Changed Following Thursday’s Slide
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 16, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin, Ether Held in BlackRock ETFs Cross Those of Grayscale’s for the First Time
BlackRock is now the largest holder of the two assets in publicly traded funds.
Record Drop in Ethereum Gas Fees Marks Historically Bullish Signal For ETH, Analyst Says
“Every time ETH gas fees have dropped to rock bottom, it has often signaled a price bottom in the mid-term,” one market watcher said.
Bitcoin Tumbles Back Under $58K as Crypto Quickly Crumbles Thursday Afternoon
The blame this time can’t be laid on macro jitters as stocks are up big again, with the Nasdaq and S&P 500 both more than erasing early August declines.
Crypto for Advisors: Crypto Volatility and Market Conditions
During times of uncertainty, the increased availability and accessibility of an investor’s portfolio can lead to reduced volatility and panic across all asset classes, including crypto-native tokens.
Stablecoin Supply Growth Isn’t Eating Into Crypto Market Share: JPMorgan
The share of stablecoins versus total cryptocurrency market capitalization is relatively unchanged this year, the report said.