CryptoSlate - The big nickel short
The big nickel shortCryptoSlate's latest market report dives deep into the nickel crisis that began in March 2022, to analyze the overlooked crisis' effect on the crypto market.
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The big nickel shortCryptoSlate's latest market report dives deep into the nickel crisis that began in March 2022, to analyze the overlooked crisis' effect on the crypto market. α Weekly ResearchBitcoin’s breakup with gold may be a sign of crypto’s emerging maturityBitcoin's correlation with gold reached its yearly low on June 30, suggesting a decoupling from other assets. Stablecoin buying power on exchanges increases as BTC and ETH see outflowsJune brought on a significant increase in stablecoin buying power on exchanges, indicating there could be an increase in buying pressure on the market amid large Bitcoin and Ethereum outflows. α Top Insights
More α ResearchBitcoin miners sent 260% of their daily revenue to exchangesA small drop from the all-time high on June 22, when miners sent an equivalent of 315% of their daily mining revenue to exchanges. Longest streak of Bitcoin withdrawals surpassing deposits signals market shiftJune 27 marks the longest streak ever recorded of Bitcoin withdrawals from exchanges outpacing deposits to exchanges. Bitcoin’s exchange balance drops to 5-year low as price hits $30KOnly 11.71% of Bitcoin's supply is currently held on exchanges.
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Litecoin spikes 25%: What’s behind the sudden surge?
Saturday, July 1, 2023
Litecoin, one of the oldest coins in the cryptocurrency ecosystem, has received a sharp boost in price, though the immediate causes are unclear.
Bitcoin breaks below $30k as WSJ reports SEC will block spot Bitcoin ETFs again
Friday, June 30, 2023
WSJ claims SEC will find spot Bitcoin ETF applications inadequate
Reclusive Binance co-founder Yi He speaks on SEC case
Thursday, June 29, 2023
Yi He is a co-founder and major shareholder at Binance and has a close relationship with CEO Changpeng Zhao. Famous for keeping a low profile, she has broken her silence in an interview with Bloomberg
UK Law Commission proposes classifying crypto as a new type of property
Wednesday, June 28, 2023
Other Law Commission recommendations include creating expert panels and implementing a legal framework around crypto collateral arrangements.
Bitcoin Cash surged 108% over the last week after EDX Markets opened
Tuesday, June 27, 2023
The Bitcoin fork network's coin more than doubled in price over the last week after it became available to institutional traders on a powerhouse-backed exchange.
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