Gold Rally Needs to Pause for Bitcoin Price to Break All-Time High, Data Suggests
In the past seven days, over 1 million ounces have gone into gold ETFs, the biggest inflow since October 2022.
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Government Lawyers Defend Nishad Singh Saying He Provided ‘Substantial Assistance’ in FTX Investigation
Prosecutors in the case against former FTX executive Nishad Singh have asked the sentencing judge to take into account the “substantial assistance” and “exemplary cooperation” Singh provided to the government in its investigations into FTX when considering his sentence.
FCA-Regulated Crypto Trading Firm Portofino Technologies Sees Staff Exodus
The firing of the firm’s co-founder and its CFO in July triggered a wave of departures.
Bitcoin Trader Warns of Correction as BTC Dominance Reaches 2021 Levels; Solana Leads Market Gains
Dominance refers to the ratio between the market capitalization of BTC to the total market capitalization of all cryptocurrencies combined and is often used as a gauge for market sentiment. PLUS: Some Solana tokens are up as much as 70%.
Institution Takes $25M Hedge Bet on Derive’s Bitcoin Options Market as U.S. Election Looms
The institution set up a multi-legged strategy in Derive’s onchain options market, generating $25 million in volume.
Bitcoin Retakes $67K, Dollar Index Rally Stalls as Beige Book Supports Fed Rate Cuts
The rally in the DXY stalled after the Beige Book report, paving the way for BTC recovery
Number of Bitcoin Whales Jumps to Highest Since January 2021
Whale Entities are clusters of crypto wallet addresses held by a single network participant holding least 1,000 BTC.
Citibank Debanked Ripple’s Brad Garlinghouse Due to Crypto, Exec Says
The chief of Ripple, Brad Garlinghouse, recounted his own brush with the U.S. government’s pressure on banks to be wary of digital assets, saying Citi dumped him.
Bitcoin Slides to $66K, Ether Dives 5% in Market-Wide Selloff
Cryptocurrencies weren’t spared as stocks, bonds, gold and oil all declined on Wednesday.