China’s economic shift and its implications for crypto
China’s economic shift and its implications for cryptoCryptoSlate's latest market report dives deep into shifts in China's economic policies and the effects it could have on the global financial and crypto markets.Happy α Sunday 💪⛓️🚀Our Sunday newsletter is dedicated to the recent content from CryptoSlate Alpha, the web3 membership designed to empower you with cutting-edge insights and expert knowledge. Built on top of Access Protocol, Alpha is incredibly easy to join — you only need a Solana self-custody wallet and a small amount of ACS tokens to stake, which will grant you access to all research and reports. For more information, see more about CryptoSlate Alpha. α Weekly ReportChina’s economic shift and its implications for cryptoCryptoSlate's latest market report dives deep into shifts in China's economic policies and the effects it could have on the global financial and crypto markets. α Weekly ResearchA closer look at the changes in stablecoin supply as TUSD gains on marketTether and TrueUSD flourished, while BUSD and USDC faced sizeable reductions this year. Short-term holders bear the brunt of Bitcoin’s volatilityOn-chain metrics reveal short-term holders offloading Bitcoin, impacting market dynamics. α Top Insights
More α ResearchDecoding SLRV Ribbons and what they mean for Bitcoin’s priceSLRV ribbons send cautionary signals in Bitcoin market as long-term holders contemplate selling off. Mortgage-treasury spreads hit historical highs revealing Bitcoin opportunityA wide spread indicates tighter credit conditions, with banks and lenders more cautious about lending money due to concerns about borrowers' ability to repay loans or broader economic uncertainties. Bitcoin enters September with diminished market leverageDecreased market leverage reflects growing caution among Bitcoin traders. |
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Binance drops support for Sandbox NFT staking, will soon end support for all Polygon NFTs
Saturday, September 9, 2023
Each feature survived just half a year on Binance's NFT platform.
JP Morgan considering a new blockchain-based settlement token
Friday, September 8, 2023
The asset could be more versatile than the bank's existing JPM Coin, but the idea is said to be in very early stages.
Grayscale revealed as second-largest Bitcoin holder despite confidentiality efforts: Arkham Intelligence
Thursday, September 7, 2023
Arkham Intelligence reports that the funds are distributed among more than 1750 addresses.
Grayscale legal team seeks SEC meeting over proposed Bitcoin ETF conversion
Wednesday, September 6, 2023
The company's legal team sent a letter to the regulator on Sept. 5 requesting to discuss next steps in the wake of recent court decisions.
Tether now a top global buyer of US Treasury bills amid market turmoil
Tuesday, September 5, 2023
Stablecoin giant Tether emerges as top global US Treasury buyer amid market volatility
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