Author: Coin Viz

Fantom could experience a price drop of over 8% to the $0.431 level if it closes a daily candle below the $0.469 level.

Brazil’s currency loses 12% to 13% of its value each year, according to Cauê Oliveira, the Head of Research and on-chain analyst at BlockTrends Brazil. He warns that without assets earning interest or salary growth exceeding this rate, individuals will become poorer annually. Oliveira’s table compares the annual returns of various assets from 2014 to 2023, highlighting investments that can offset this depreciation. Brazil currency debasement over time (Blocktrends) Over the past decade, Bitcoin led with an average annual return of 184.96%, despite significant volatility, including years with negative returns like -58.6% in 2014 and -72.56% in 2018. Traditionally considered…

Grayscale’s latest update may have come at a good time for the altcoin.

POPCAT has demonstrated growth following each listing. Will history repeat itself this time?

Kraken has requested a jury trial in response to the US Securities and Exchange Commission’s (SEC) lawsuit, according to a Sept. 12 court filing. The move comes after a federal judge rejected Kraken’s bid to dismiss the case, which centers on claims that the platform operated an unregistered securities exchange. Kraken’s defense In its filing, Kraken denied any illegal activity and criticized the SEC’s approach to the crypto industry. The exchange highlighted its attempts to engage with the regulator, which was met with resistance. It stated: “Kraken has tried to work with the SEC to make registration feasible. But the…

Between Sept. 7 and Sept. 13, Bitcoin options open interest increased from $18.46 billion to $21.06 billion, following Bitcoin’s price rise from $53,900 to $58,100. Chart showing the open interest for Bitcoin options from Sep. 1 to Sep. 13, 2024 (Source: CoinGlass) Despite this rise in OI, daily options volume remained relatively stable, with fluctuations consistent with yearly averages. On Sep. 12 and Sep. 13, $1.41 billion and $1 billion in options were traded, respectively, with the call/put split nearly even—51.14% of volume coming from calls (11,189 BTC) and 48.86% coming from puts (10,688 BTC). Graph showing the trading volume for…

Coinbase’s newly launched wrapped Bitcoin product, cbBTC, has seen rapid adoption within its first 24 hours, with a market capitalization nearing $100 million. Data from Dune Analytics shows the circulating supply of cbBTC has reached 1,720 tokens, valued at $99.8 million. Of this, 43% is on Base, while 57% resides on Ethereum. Coinbase cbBTC Supply (Source: Dune Analytics) Base’s DeFi growth Industry analysts have noted that Coinbase’s cbBTC growth could significantly boost DeFi activities on the exchange’s layer-2 network, Base. Luke Youngblood, a contributor to Moonwell DeFi, highlighted the product’s impact. He pointed out that cbBTC’s fungibility with Bitcoin on…

Odds of a 50 basis point rate cut at the Federal Reserve’s upcoming Sept. 18 meeting have surged from 14% to 41%, according to recent market data. This shift coincides with significant stock market gains over the past two days and steady futures markets overnight, suggesting a lack of stress signals from equities. Odds of 50bps rate cut (FedWatch) Analysts attribute the change in rate cut expectations to a recent Wall Street Journal article by Nick Timiraos, which some interpret as a signal from the Federal Reserve. Jim Bianco of Bianco Research noted the market’s reaction to the article, emphasizing…

Ethereum’s Vitalik Buterin has made a move, and it could have some implications.

Ethereum’s funding rates, network activity, and L2 adoption, all pointed to more upside for the altcoin’s price.