Bloomberg senior ETF analyst Eric Balchunas refuted recent allegations against Coinbase that claimed the exchange was not using BlackRock’s funds to buy actual Bitcoins (BTC). The rumors surfaced on social media on Sept. 16 and alleged that Coinbase was issuing letters of debt instead of backing IBIT ETF with Bitcoin. The …
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CFTC says prediction markets are vulnerable to manipulation in Kalshi case appeal
by Zack Abramsby Zack AbramsThe Commodities and Futures Trading Commission (CFTC), despite losing its initial case against prediction marketplace Kalshi, has filed a new motion in an attempt to stop the company from offering prediction markets for the upcoming elections in November. While the CFTC lost its initial case after a judge ruled the …
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Bitfinex analysts point to bitcoin’s decoupling from gold — which recently reached an all-time high — as a sign that investor caution persists amid potential recessionary indicators. “Bitcoin has decoupled from gold, which has reached a record high, indicating a shift in investor preference towards traditional safe-haven assets amidst a …
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With LINK’s price already showing signs of resilience, this trend might set the stage for further upward momentum, making it a key cryptocurrency to watch in the coming days. Chainlink Tokens See Massive Exodus According to Glassnode, Chainlink saw a brief surge in tokens sent to exchanges between September 5 …
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Will Bitcoin Skyrocket to New ATH as This Crucial Metric Falls to 8-Year Low?
by Wayne Jonesby Wayne JonesThe number of Bitcoin addresses depositing into exchanges has dropped to 132,100. According to insights published on CryptoQuant by analyst CryptoOnchain, this is a figure last seen in 2016. Decreased Selling Pressure This metric, which tracks the number of addresses sending inflow transactions to exchanges, suggests a decrease in selling …
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With a growing bearish bias toward the tenth-largest cryptocurrency by market capitalization, its technical setup suggests that TRX is poised to extend this decline. Tron Derivatives Traders Look Away The drop in TRX’s derivatives market activity signals a clear decline in demand for the altcoin. Its Open Interest, which measures …
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Crypto markets have much to anticipate this week, with a key moment on Wednesday as the Federal Open Market Committee (FOMC) decides the scale of September’s interest rate cuts. Bitcoin (BTC) led crypto inflows last week, bringing in up to $436 million and reversing the negative flows from the week …
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Lawmaker calls on CFTC to regulate election markets as Polymarket activity falters amid uncertainty
by Assad Jafriby Assad JafriCongressman Ritchie Torres has called on the Commodity Futures Trading Commission (CFTC) to regulate election-related prediction markets rather than blocking them. In a letter addressed to CFTC Chair Rostin Behnam, Torres urged the regulator to focus on promoting responsible innovation and working with platforms like Kalshi and Polymarket to ensure …
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Story Highlights The current price of the LEO token is $ 5.73326688 LEO coin price may reach a high of $12.14 by the end of 2024. UNUS SED LEO, with a potential surge, could reach a maximum of $42.69 by the end of 2030. UNUS SED LEO is emerging as a …
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Changpeng Zhao, co-founder of Binance, is set to be released from US custody on Sept. 29, according to the US Federal Bureau of Prisons website. Zhao is currently serving a four-month sentence and was recently transferred to the Long Beach Residential Reentry Management (RRM) facility in central California. RRMs serve …