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MicroStrategy's Bitcoin Purchases Tend to Be Short-Term Negative for Prices, Research Shows
MicroStrategy's Bitcoin Purchases Tend to Be Short-Term Negative for Prices, Research Shows

Past data shows bitcoin tends to drop 2% on the day MSTR announces new purchases.

Coindesk·2023/06/28 19:11
TrueUSD Depegs on Binance.US, Drops to 80 Cents Against Tether
TrueUSD Depegs on Binance.US, Drops to 80 Cents Against Tether

TUSD trades at a discount versus Tether as former FTX auditor Armanino's rebranded outlet The Network Firm's association with TrueUSD raises alarm bells on Crypto Twitter.

Coindesk·2023/06/28 17:58
First Mover Asia: Bitcoin Maintains $30K as ‘the Economy Isn’t Breaking Just Yet’
First Mover Asia: Bitcoin Maintains $30K as ‘the Economy Isn’t Breaking Just Yet’

ALSO: Singapore ranked second in CoinDesk's Crypto Hubs survey. The city state raised billions through IPOs, weathered the collapse of homegrown darlings Terraform Labs and Three Arrows Capital and is now searching for the right regulatory balance to encourage crypto without getting burned again.

Coindesk·2023/06/28 17:41
First Leveraged Bitcoin ETF in U.S. Sees $4.2M in Trading Volume Since Debut
First Leveraged Bitcoin ETF in U.S. Sees $4.2M in Trading Volume Since Debut

The ETF saw about $500K worth of trades in the first 15 minutes.

Coindesk·2023/06/28 15:28
CFX Drops 6% After Conflux Network Says DWF Labs Bought $18M of Its Tokens
CFX Drops 6% After Conflux Network Says DWF Labs Bought $18M of Its Tokens

Conflux token's dour reaction is consistent with the prevailing investor disinterest in alternative cryptocurrencies.

Coindesk·2023/06/28 13:13
Grayscale Bitcoin Trust Shares Rally to a One-Year High, Discount Dips to 30%
Grayscale Bitcoin Trust Shares Rally to a One-Year High, Discount Dips to 30%

Investors are betting that recent filings for spot BTC ETF improve the chances for Grayscale to convert its trust into an ETF and close the price gap, one observer said.

Coindesk·2023/06/27 22:56
As Prices Consolidate in Spot Markets, Asset Managers Increase Long Positions in Derivative Markets
As Prices Consolidate in Spot Markets, Asset Managers Increase Long Positions in Derivative Markets

The Commitment of Traders Report indicates asset managers’ continued bullishness in bitcoin markets.

Coindesk·2023/06/27 21:33
ADA, SOL Underperform as Robinhood Gets Set to Delist Them Amid SEC Crackdown
ADA, SOL Underperform as Robinhood Gets Set to Delist Them Amid SEC Crackdown

The popular trading app will no longer support the trading of Cardano, Solana and Polygon after Tuesday.

Coindesk·2023/06/27 16:53
Circle’s Allaire Says Bitcoin ETFs Likely to Be Approved: Bloomberg
Circle’s Allaire Says Bitcoin ETFs Likely to Be Approved: Bloomberg

Allaire spoke with Bloomberg at the World Economic Forum in Tianjin, China.

Coindesk·2023/06/27 16:29
Bitcoin Holds Above $30K as Investors Await Historically Strong July, Eye Options Expiry
Bitcoin Holds Above $30K as Investors Await Historically Strong July, Eye Options Expiry

BTC has gained at least 20% in July in each of the past three years. Depending on its price heading into the expiry, bitcoin could rally additionally or retreat.

Coindesk·2023/06/27 16:26
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