While Bitcoin balances continue their months-long decline on the exchange, Ethereum deposits are quietly swelling. This divergence paints a clear picture of two competing asset narratives, with traders likely rotating into altcoins. Summary OKX publishes its 34th proof-of-reserves, confirming $33.7 billion in fully backed assets. Bitcoin balances continue to decline on the exchange while Ethereum…
Bitcoin price is on track to drop for three consecutive weeks as traders brace for a $15 billion options expiry and as risky chart patterns form on the weekly chart. Summary Bitcoin price has crashed for three consecutive weeks. BTC and Ethereum options worth over $15 billion will expire today. Technical analysis points to more…
USDT dominance is eroding as Circle and other stablecoin competitors fight for a share of the pie. Summary USDT dominance fell below 60% for the first time since 2023 Circle’s USDC is its primary competitor, nearing 30% dominance The passage of the US GENIUS Act is making the market more competitive Competition among stablecoin issuers…
Amsterdam’s Amdax is planting a flag with AMBTS, a dedicated Bitcoin treasury company. Backed by $23 million, its goal is to build a EUR-based counterweight to global giants and secure a full 1% of the entire BTC supply for European markets. Summary Amdax has launched AMBTS, a Bitcoin treasury firm backed by $23 million in…
The Ethereum Foundation is pausing all open grants applications as the entity’s Ecosystem Support Program transitions to a new growth chapter. Summary Ethereum Foundation has paused open grants in its support program as it eyes transition to a new model. The Ecosystem Support Program awarded over $13 million to 105 projects in 2024. The Ethereum…
XRP price has been in a downward spiral since July, as it moved from the year-to-date high of $3.64 to $2.812. Still, Ripple has numerous catalysts that will push it past $5 in September. Summary XRP price will benefit from the October ETF approval deadline by September. More companies are adding XRP tokens into their…
In this episode of the crypto.news podcast, we dive deep into the rise of Bitcoin corporate treasuries with Head of Institutional at Gemini, Brad Vopni, and Empery Digital Co-Founder, Ryan Lane. In a crypto.news first, we sit down with two companies at the head of this new frontier in digital finance; why Empery Digital (NASDAQ:…
The crypto market crash continued today, Aug. 29, as liquidation doubled, the preferred Federal Reserve inflation gauge remained sticky, and Bitcoin formed a risk pattern. Summary The crypto market crash gained momentum as liquidations jumped. US data showed that inflation remained sticky in July. Bitcoin price has formed a risky falling wedge chart pattern. Bitcoin…
Bitmine Immersion has added 78,791 ETH to its treasury, bringing the total holdings to nearly 1.8 million ETH. Summary Bitmine Immersion spent $354.6 million to acquire 78,791 ETH, raising total holdings to 1,792,960 ETH, valued over $8 billion. The company aims to hold 5% of Ethereum’s total supply. Tom Lee predicts ETH could hit $5,500…
Kanye West’s YZY memecoin has shed 81% of its value from its peak, leaving tens of thousands of retail investors underwater while a handful of wallets captured outsized gains. Summary YZY has plunged 81% from its peak, now trading at $0.55 with a $71.6M market cap. Bubblemaps data shows over 50,000 wallets lost money, while…
