Aave is becoming the focal point of the decentralized finance (DeFi) market as it continues to set new records and expand its position compared to traditional financial institutions. In contrast to this positive news, short-term signals are indicating that AAVE’s price may be heading for a correction. Taking The Spotlight Away From Traditional Banks According…
Sui (SUI) is attempting to reclaim a key resistance area after recovering from last week’s lows and growing institutional interest in the ecosystem, leading some analysts to suggest that a breakout might be around the corner. SUI Rallies Amid Ecosystem Interest On Tuesday, SUI jumped 7.4% intraday following major news for the ecosystem from institutional…
Welcome to the Asia Pacific Morning Brief—your essential digest of overnight crypto developments shaping regional markets and global sentiment. Grab a green tea and watch this space. Kazakhstan debuts Central Asia’s first Bitcoin ETF while Vietnam partners with Korea’s Upbit for crypto exchange development. Meanwhile, Japan’s Quantum Solutions expands Bitcoin treasury holdings, signaling growing institutional…
Pantera Capital disclosed for the first time that it has so far invested $300 million in digital asset treasury companies (DATs), according to its Blockchain Letter published August 12. Pantera: DATs Deliver Higher Yields Than Spot Holdings Pantera’s DAT portfolio includes investments in BitMine Immersion, Twenty One Capital, DeFi Development Corp, SharpLink Gaming, Satsuma Technology,…
Cathie Wood’s Ark Invest has increased its exposure to Block Inc., purchasing $19.2 million worth of shares across three of its exchange-traded funds as the fintech firm expands its Bitcoin holdings. According to Ark’s latest trading disclosure, the ARK Innovation ETF (ARKK) acquired 152,980 shares, the ARK Next Generation Internet ETF (ARKW) bought 69,526 shares,…
Circle Internet Financial, the issuer of the USDC stablecoin, has seen its newly listed stock, CRCL, gain 5% on Tuesday after reporting robust revenue figures in the second quarter of the year following its initial public offering (IPO). USDC Circulation Soars 90% Year-Over-Year The uptick in Circle’s CRCL stock toward the $164 mark on Tuesday,…
Miles Deutscher (631,000 followers on X) believes the crypto market is approaching a confluence of catalysts it has never enjoyed at this scale. In a thread posted on X in the early hours of August 12, the analyst wrote, “The stage is set for crypto’s biggest bull run ever,” arguing that the industry is facing…
Bitcoin’s famously noted four-year cycle, previously tied to its halving occurrences, could be losing prime market driver status, according to some top experts. For decades, the halving—a built-in reduction of miner compensation every four years—had been preceded by sharp spikes and precipitous drops in price. Now, however, the market is more subject to the influence…
What if use cases are overstated, talk of financial instruments is largely exaggerated, and the main reason people like crypto is to generate USD? If you think that, you’re likely an unusually savvy investor. You might also be Crypto Chase (@CryptoChase), a well-known crypto influencer and trader on X. He recently posted an analysis of…
Data shows that many public companies and crypto whales are ramping up their ETH holdings, while on-chain activity is heating up. These factors provide a solid foundation for ETH’s bullish momentum, with analysts setting short-term price targets as high as $7,000. Positive Data The current phase reveals that several public companies have accumulated significant amounts…