The unlikely reality of Bitcoin as a reserve currency
The unlikely reality of Bitcoin as a reserve currencyCryptoSlate's latest market report dives deep into the feasibility, implications, and potential consequences of Bitcoin becoming a reserve currency in the US.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 ReportThe unlikely reality of Bitcoin as a reserve currencyCryptoSlate's latest market report dives deep into the feasibility, implications, and potential consequences of Bitcoin becoming a reserve currency in the US. α Weekly ResearchBitcoin’s climb above $60k causes futures open interest to surge $2B in a dayInstitutional interest surges as traders bet on Bitcoin's price rebound. Realized losses minimal despite 80% of STH supply being underwaterShallow losses suggest confidence among Bitcoin holders despite high underwater supply. 📈 α Top Insights
📖More α ResearchGrayscale outflows overshadow Ethereum ETF inflowsGrayscale's massive outflows dampened the early excitement for Ethereum ETFs. Bitcoin sees record growth in long-term holder supplyGrowth in Bitcoin ETFs could be behind record increase in long-term holder supply. Bitcoin market cautious as longs and shorts balance outStable long/short ratios in futures suggest balanced market sentiment as Bitcoin holds at $60,000. |
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Bitcoin surges past $63k as Robert F. Kennedy Jr. withdraws and endorses Trump
Saturday, August 24, 2024
Crypto and US equities prices significantly went up after the independent candidate confirmed his support for Donald Trump. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Sony Group takes plunge into Web3 with new Ethereum Layer-2 network Soneium
Friday, August 23, 2024
Sony's Soneium aims to bridge Web3 and everyday internet services. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Coinbase exec confirms talks with Kamala Harris campaign on crypto policy direction
Thursday, August 22, 2024
Critics says Harris has been making vague cryrpto promises about future changes. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Harris loses lead on Polymarket as odds RFK Jr will endorse Trump jump 38%
Wednesday, August 21, 2024
Trump now leads Harris 52% to 47% on crypto-native prediction market Polymarket. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
BlackRock’s IBIT boosts Bitcoin ETFs with $92.7 million inflow, total now $20.5 billion
Tuesday, August 20, 2024
Total Ethereum ETFs outflows increase to $434 million amidst continuing struggles. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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Options traders bet big on Bitcoin reaching $120K despite low odds
Sunday, December 22, 2024
High open interest at $120000 strike price shows the market is betting on a big finish for Bitcoin in 2024. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Asia's weekly TOP10 crypto news (Dec 16 to Dec 22)
Sunday, December 22, 2024
On December 19, the Bank of Japan announced it would maintain its unsecured overnight call rate at 0.25%, leaving the policy rate unchanged. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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Saturday, December 21, 2024
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SEC Commissioner predicts early improvements for crypto ETFs under new leadership
Saturday, December 21, 2024
Changes such as staking for Ethereum ETFs and in-kind redemptions for Bitcoin products will likely to happen early on, says Hester Peirce. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Weekly Project Updates: Sonic Mainnet Officially Launched, Opensea Hints at Token Launch, NFT Trading Volume Shows…
Saturday, December 21, 2024
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Bitcoin pullback mirrors 2020 reversal 250 days post-halving, it then rose 140%
Friday, December 20, 2024
Repeating history? Bitcoin's cyclical journey suggests potential rise to $225000. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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Friday, December 20, 2024
The Federal Reserve announced its rate decision, setting the upper limit at 4.50%, in line with expectations and lower than the previous rate of 4.75%. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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Thursday, December 19, 2024
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Thursday, December 19, 2024
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