Hashdex’s crypto index ETF expands to include XRP, SOL, and Stellar. Meanwhile, an ETH co-founder has been moving ETH: Hodler’s Digest Ethereum co-founder Jeffrey Wilcke could be looking to sell some of his Ether holdings after sending around 1,500 ETH to crypto exchange Kraken on Thursday. Wilcke sent 1,500 Ether, worth around $6 million, to the crypto exchange, according to onchain analytics platform Lookonchain. It came as the price of Ether dropped from $4,000 to around $3,900. Moving cryptocurrency to an exchange deposit address does not guarantee it is being sold. Read more
Hashdex’s crypto index ETF expands to include XRP, SOL, and Stellar. Meanwhile, an ETH co-founder has been moving ETH: Hodler’s Digest Ethereum co-founder Jeffrey Wilcke could be looking to sell some of his Ether holdings after sending around 1,500 ETH to crypto exchange Kraken on Thursday. Wilcke sent 1,500 Ether, worth around $6 million, to the crypto exchange, according to onchain analytics platform Lookonchain. It came as the price of Ether dropped from $4,000 to around $3,900. Moving cryptocurrency to an exchange deposit address does not guarantee it is being sold. Read more
Hashdex’s crypto index ETF expands to include XRP, SOL, and Stellar. Meanwhile, an ETH co-founder has been moving ETH: Hodler’s Digest Ethereum co-founder Jeffrey Wilcke could be looking to sell some of his Ether holdings after sending around 1,500 ETH to crypto exchange Kraken on Thursday. Wilcke sent 1,500 Ether, worth around $6 million, to the crypto exchange, according to onchain analytics platform Lookonchain. It came as the price of Ether dropped from $4,000 to around $3,900. Moving cryptocurrency to an exchange deposit address does not guarantee it is being sold. Read more
Hashdex’s crypto index ETF expands to include XRP, SOL, and Stellar. Meanwhile, an ETH co-founder has been moving ETH: Hodler’s Digest Ethereum co-founder Jeffrey Wilcke could be looking to sell some of his Ether holdings after sending around 1,500 ETH to crypto exchange Kraken on Thursday. Wilcke sent 1,500 Ether, worth around $6 million, to the crypto exchange, according to onchain analytics platform Lookonchain. It came as the price of Ether dropped from $4,000 to around $3,900. Moving cryptocurrency to an exchange deposit address does not guarantee it is being sold. Read more
Hashdex’s crypto index ETF expands to include XRP, SOL, and Stellar. Meanwhile, an ETH co-founder has been moving ETH: Hodler’s Digest Ethereum co-founder Jeffrey Wilcke could be looking to sell some of his Ether holdings after sending around 1,500 ETH to crypto exchange Kraken on Thursday. Wilcke sent 1,500 Ether, worth around $6 million, to the crypto exchange, according to onchain analytics platform Lookonchain. It came as the price of Ether dropped from $4,000 to around $3,900. Moving cryptocurrency to an exchange deposit address does not guarantee it is being sold. Read more
A CoinGecko survey published on Monday found that 10% of respondents have never bought Bitcoin, and only 54% of newcomers started with it in their stash. A recent survey from data aggregator CoinGecko found that only 55% of new crypto owners started with Bitcoin in their portfolio, which analysts say is a sign of a maturing market. A survey released on Monday of 2,549 crypto participants from data aggregator CoinGecko also found that 10% of respondents have never even bought Bitcoin (BTC). “In other words, Bitcoin has become less likely to be the onboarding mechanism over time, as other narratives and altcoin communities have emerged and gained traction,” CoinGecko research analyst Yuqian Lim said. Read more
Creating a national Bitcoin reserve could prove disastrous for markets, as it would signal an immediate shift in the global financial order. Establishing a national Bitcoin (BTC) strategic reserve may create negative market impacts for BTC and the US dollar, according to Haider Rafique, global managing partner for government and investor relations at crypto exchange OKX. Rafique told Cointelegraph that any government holding significant portions of the BTC supply could manipulate prices by dumping its holdings onto the market, thereby disrupting the core proposition of BTC as neutral, decentralized money. He asked: “What happens in a few years if a new administration decides this was a bad idea?” Rafique added: Read more
Traditional financial instruments cushion volatility and attract institutional investors to Bitcoin — a sign of market maturation. Derivatives products, like options contracts — financial instruments that give investors the right but not the obligation to buy or sell an asset at a pre-determined price — will drive the Bitcoin (BTC) market capitalization to at least $10 trillion, according to market analyst James Van Straten. Van Straten said that options and other derivatives attract institutional investors and cushion markets from the high volatility that is a hallmark of digital assets. He pointed to open interest for BTC futures on the Chicago Mercantile Exchange (CME), the world's largest derivatives marketplace, as evidence of a shift. Van Straten wrote: Read more
Investor psychology has not changed in the ensuing 25 years since the dotcom-era bust that took down the US stock market in the early 2000s. The crypto treasury narrative, which has become a major feature of the current market cycle, parallels investor sentiment from the dotcom era of the late 1990s and early 2000s, which caused the stock market to sink by about 80%, according to Ray Youssef, founder of peer-to-peer lending platform NoOnes app. The same overzealous investor psychology that led to over-investment in early internet and tech companies during the dotcom crash has not disappeared due to the presence of financial institutions in crypto, Youssef told Cointelegraph. He said: Today, the global financial market is driven by the idea of cryptocurrency, decentralized finance, and the Web3 revolution,” he added. Read more