The Bank of Japan’s potential interest rate hikes could strengthen the yen, creating challenges for global risk assets like Bitcoin and equities. The Bank of Japan (BOJ) appears to be taking a more aggressive stance on monetary policy, signaling a potential increase in interest rates. This development could have significant implications for global markets, particularly
As Bitcoin (BTC) enters September, traditionally a bearish month for the cryptocurrency, a notable trend has emerged that defies historical patterns. Traders on Bitfinex, a platform well-known for hosting cryptocurrency whales, are increasingly setting up bullish positions using margin longs. This activity is noteworthy because September has historically been a challenging month for Bitcoin, often
Matter Labs has laid off 16% of its workforce as part of a strategic restructuring to better align its team with the evolving demands of developers using the ZKsync protocol, reflecting the company’s focus on adapting to the competitive Ethereum layer-2 landscape. Matter Labs, the primary developer of the Ethereum layer-2 protocol ZKsync, has announced
Metaplanet, a Japanese investment advisory firm, has taken a significant step in integrating Bitcoin into its corporate financial strategy by partnering with SBI VC Trade, a subsidiary of Tokyo-based financial giant SBI Holdings. This partnership marks a new chapter in Metaplanet’s approach to modern financial services, focusing on Bitcoin as a strategic reserve asset. Bitcoin
As the global markets enter the first week of September, both Bitcoin (BTC) and the U.S. dollar index are set to face significant volatility. A series of upcoming U.S. economic data releases will play a critical role in determining the trajectory of the dollar, and by extension, the direction of Bitcoin and other risk assets.
Libre, a tokenization startup backed by financial heavyweights like Brevan Howard, Nomura’s Laser Digital, and Hamilton Lane, has announced its integration with the NEAR Protocol. This move marks a significant milestone in the burgeoning field of tokenized real-world assets (RWA) and reflects the increasing appetite among institutional investors for blockchain-based financial products. Expanding Multichain Capabilities
The aftermath of a substantial hack that left WazirX, one of India’s leading cryptocurrency exchanges, reeling from a $234 million loss, has brought a wave of uncertainty for its customers. Legal advisers to the company have indicated that it is highly unlikely that users will recover their funds entirely in cryptocurrency terms. This grim outlook
The cryptocurrency market took a hit on Monday as Bitcoin (BTC), the largest and most well-known digital asset, slid to approximately $57,500. This decline extended its losses over the past week to over 10%, marking a troubling start to September, a month historically associated with bearish trends for cryptocurrencies. Alongside Bitcoin, several major tokens, including
In a move set to democratize complex trading strategies, OKX, the world’s third-largest cryptocurrency exchange by trading volume, has introduced a new automated facility that makes executing the “funding rate arbitrage” strategy simpler and more accessible. This enhancement not only caters to experienced traders but also opens the doors for retail investors to maximize their
The realm of digital finance is once again making headlines with Bridge, a pioneering startup founded by alumni from tech giants Square and Coinbase. The company recently made waves by raising an impressive $40 million in a fresh round of funding led by prominent venture capital firms Sequoia and Ribbit. This brings Bridge’s total fundraising
