Markets

Global financial markets could face unprecedented turbulence if the Federal Reserve pushes its benchmark interest rate to 7% in the face of stagflation, cautioned Jamie Dimon, the CEO of JPMorgan Chase & Co. During a recent conversation while in Mumbai for a JPMorgan investor summit, Dimon referred famous investor Warren Buffet, often referred to as […]

In an information that has been called the “biggest in Xbox history,” tech behemoth Microsoft has inadvertently revealed plans to integrate a cryptocurrency wallet onto its popular Xbox gaming console. The leak through several documents being posted on the Resetera gaming forum, and the documents were unredacted in the Federal Trade Commission’s (FTC) case against […]

The digital asset arm of British traditional finance giant Standard Chartered, Zodia Custody, has unveiled a new offering allow cryptocurrency investors to generate income from their holdings via staking. The financial giant’s subsidiary, which is in the cryptocurrency custody business, revealed it struck a deal with Singapore’s blockchain tech giant OpenEden, which paves the way […]

Global debt surged to a staggering $307 trillion in the second quarter of 2023, marking an increase of $10 trillion within the year’s first six months, despite mounting interest rates which have put a damper on bank credit, as reported by the Institute of International Finance (IIF). The IFF, a financial consortium representing the largest […]

China’s real estate conundrum has heightened global economic anxieties, with recent surveys indicating its position as a top credit risk to the global economy.  Evergrande’s 2021 turmoil, though anticipated, paved the way for newer concerns – Country Garden’s surprising stumble. According to a recent survey from Bank of America, the ratio of respondents worried about […]

In a recent in-depth interview Peter Schiff, a well-known economist and gold advocate, painted a bleak picture for the U.S. dollar and the broader economy, tracing current inflationary pressures back to the 2008 financial meltdown. During an interview on First TV, as first reported by Bitcoin.com, Schiff argued that policies adopted post the crisis, specifically […]

Robert Kiyosaki, the highly successful author of the “Rich Dad Poor Dad” series of personal finance books, has recently offered his perspective on the current state of financial markets, saying crypto is the “future” and calling fiat currency “fake money.” “Rich Dad Poor Dad, “which is one of the top 10 personal finance books of […]

Collapsed cryptocurrency exchange FTX has over the week received approval from the  U.S. Bankruptcy Court for the District of Delaware to sell and  invest its cryptocurrency holdings, valued at over $3 billion, to settle its debt with creditors, leading some analysts to believe the funds will be dumped on the market. Judge John Dorsey gave […]

In a recent in-depth interview Peter Schiff, a well-known economist and gold advocate, revealed mounting concerns regarding the stability of the U.S. dollar, saying there’s “going to be a massive crisis,” that will send “the economy into a tailspin.” The interview, with David Rodriguez, saw Schiff address the growing debt of the U.S. government and […]

The cryptocurrency market may be facing an impending tremor, as an analytics firm has recently suggested that a potential 3 billion sell-off is looming, rooted in the potential liquidations of FTX’s massive cryptocurrency stack to repay creditors. A recent court filing has recently revealed that the estate of the once-giant cryptocurrency exchange, which filed for […]

In a recent interview with Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, Michael Lee, who is the founder of Michael Lee Strategy, said that he believes the gold price will reach $5,000 an ounce within three years. He attributed this to the fact that the U.S. economy is already in recession and that […]

Carley Garner, co-founder of brokerage firm DeCarley Trading, has recently said that gold has been holding critical support levels and is now in a position to move into new all-time highs, at a time in which the U.S. dollar is losing momentum. According to Kitco News, Garner predicted that the U.S. dollar index (DXY), which […]

Former Goldman Sachs executive Raoul Pal has recently revealed he believes the cryptocurrency space could expand to manage an eye-popping $1 quadrillion in value, given the right circumstances. In a recent interview on Crypto Banter, Pal highlighted the potential ramifications of BlackRock’s recent push for a spot Bitcoin exchange-traded fund (ETF), which was followed by […]

The total market capitalization of the stablecoin sector in the cryptocurrency space has endured its 17th consecutive monthly decline in August, falling by 1.28% to $124 billion, the lowest level since August 2021. According to CCData’s latest Stablecoins & CBDCs report, both BUSD and TUSD stood out in experiencing significant declines of 9.35% and 9.15% […]

Last month, spot trading volumes on centralized exchanges fell by 10.5% to $515 billion, the second lowest level since March 2019, while derivatives volumes fell 12.7% to $1.85 trillion, the second-lowest recorded since December 2020. Combined trading volumes dropped 12% to $2.36 trillion. The slump in trading volumes is largely due to the tepid volatility […]

Over the last 24-hour period, the total market capitalization of the cryptocurrency space moved up by around 1.7% to $1.18 trillion, with Bitcoin’s price rising over 2.1% to test the $30,000 mark after a slight downturn over the last few days. The rise has left various traders wondering why the cryptocurrency market is up today, […]

The stablecoin sector has kept on declining over the month of July up until the 17th, marking its sixteenth monthly decline to its lowest level since August 2021, falling 0.82% to $127 billion. According to CCData’s latest Stablecoins & CBDCs report, this month USDT continued to remain the dominant stablecoin with a new all-time high […]

The Chief Financial Officer of the New Development Bank of the BRICS economic coalition indicated a “medium to long-term ambition” to establish a new global currency, potentially rivaling the US dollar in a recent interview. The alliance, formed by Brazil, Russia, India, China, and South Africa, is reportedly looking to enhance direct trade in their […]

Last month, spot trading volumes on centralized cryptocurrency exchanges rose 16.4% to $575 billion, the first increase in trading volumes since in three months. Trading volumes, however, remain at historically low levels, recording the lowest quarterly volumes since Q4 of 2019. According to CCData’s latest Exchange Review report, the increase in trading volumes came amid […]

In an unsettling revelation, two Federal Reserve economists have recently issued a comprehensive report that portends a potentially worrisome state of the American economy, noting an unprecedented level of financial distress amongst non-financial firms. According to the research note, since March 2022, the tightening of the U.S. monetary policy has led to a striking escalation […]

In an assessment of the world economy HSBC Asset Management, the investment arm of the banking behemoth warned that the United States is set to face economic headwinds in the latter part of this year, in what could potentially usher in a global recession. The firm, according to CNBC, also foresees a tumultuous 2024 for […]

Major financial powerhouses that collectively manage an astounding $27 trillion in assets are making inroads into the world of Bitcoin and cryptocurrency after a race to list the first spot Bitcoin exchange-traded fund (ETF) in the United States kicked off. As noted by CoinShares Chief Strategy Officer, Meltem Demirors, at least eight financial behemoths, which […]

A popular cryptocurrency trader known only by his nom de guerre Capo, which has been bearish on the cryptocurrency market for months, has issued a stark warning to the community, predicting doom and gloom for leading cryptocurrencies Bitcoin, Ethereum, and altcoins. Capo, who is known as a crypto pessimist on social media, shared with his […]

In a pivotal moment that sent tremors through the digital currency landscape, BlackRock, the behemoth asset manager with nearly $10 trillion in assets under management, has intensified its foray into the cryptocurrency domain. In a move that could unlock a $15 trillion crypto boom. This entrée was marked by the firm’s filing for an exchange-traded […]

The legal and advisory bills for the defunct cryptocurrency exchange FTX are rapidly accumulating, with data showing that between February 1 and April 30, advisory fees and costs totaled a staggering $121.8 million. According to data from The Block, legal representation from Sullivan & Cromwell was a significant contributor to the expenses, with the firm […]

The combined trading volume of both spot and derivatives on centralized cryptocurrency exchanges has fallen 15.7% to $2.41 trillion, recording its second consecutive monthly decline. Spot trading volumes fell 21.8% last month to $494 billion, their lowest level since March 2019. That’s according to CCData’s latest Exchange Review report, which notes that the drop in […]

After the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against leading cryptocurrency exchange Binance, cryptocurrency prices plunged amid a wave of fear, uncertainty and doubt (FUD), smart money investors have quickly started buying the dip. According to data from popular blockchain analytics platform Lookonchain, significant movements of Circle’s stablecoin pegged to the U.S. […]

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against popular cryptocurrency exchange Coinbase (NASDAQ: COIN) in a New York court, with charges leveled against the firm, including operating as an unregistered broker and exchange, with the SEC demanding the company cease these actions permanently. According to CNBC, the price of Coinbase’s shares […]

May was the first month of 2023 that saw a decline in the assets under management (AUM) of both Bitcoin ($BTC) and Ethereum ($ETH) investment products, which dropped 10.3% and 4.42% respectively, resulting in values of $21.7 billion and $7.50 billion. Other digital assets and mixed asset baskets followed suit, declining 12.04% to $958 million […]

Bolstering the accessibility of digital asset data for institutional investors CCData, a prominent provider of digital asset data and indices, has unveiled its Level 2 (L2) Order Book data on Refinitiv’s Data Platforms, allowing institutional investors to access high-quality, trust digital asset order book data. The news of the development, which deepens the digital asset […]

The spot trading volume of leading cryptocurrency exchange Binance has plummeted by 48% last month, marking the second consecutive month of declines for the cryptocurrency trading platform. According to CCData’s latest Exchange Review report, Binance’s trading volume dropped to $287 billion last month, recording its second-lowest monthly trading volume since 2021. Its market share has […]

A survey recently conducted by banking giant Goldman Sachs a marked decline in enthusiasm for cryptocurrencies among wealthy family office investors was observed, an outcome attributed to the tumultuous volatility experienced in the crypto market over the past year. According to the survey, 62% of family offices not already invested in cryptocurrencies expressed disinterest in […]

A recently published report by CCData has revealed that cryptocurrency investment products experienced a fifth consecutive month of growth in assets under management (AUM), with the total AUM rising by 6.94% to reach $35.6 billion in April. Year-to-date, they have seen their AUM rise by 59.9%. The rise underlines the renewed interest in digital assets […]

The average daily trading volume of leading decentralized exchanges (DEXs) in the cryptocurrency space, Uniswap and Curve, has surpassed that of top centralized cryptocurrency trading platforms Coinbase and Bitstamp. That’s according to CCData’s latest Exchange Benchmark report, which is a bi-annual report that helps set the industry standard for evaluating the risks linked to digital […]

In the first quarter of the year, regulatory authorities stepped up their efforts to regulate the cryptocurrency space with acts that were seemingly beneficial for decentralized cryptocurrency exchange Uniswap ($UNI) and detrimental to centralized exchanges and service providers that are facing increased scrutiny. According to CCData’s Q2 2023 Outlook Report, the first quarter saw digital […]

Cryptocurrency exchange trading volumes rose 25.9% to $3.81 trillion last month when combining volumes from both spot and derivatives markets, recording the third consecutive month of increases. The rise, however, saw Binance’s spot market share drop for the first time in five months. According to CCData’s latest Exchange Review report, centralized cryptocurrency exchanges have recorded […]

Institutional investors have shown renewed interest in the cryptocurrency space after six consecutive weeks of outflows, with the past few days showing the largest inflows the space has seen since July 2022, of $160 million. According to a recently published report from CoinShares, Bitcoin was the primary beneficiary for these inflows, with $127.5 million being […]

The Crypto Fear and Greed Index, which serves as an aggregate for investor confidence and attitude towards the market has reached its highest level this year, indicating growing optimism and confidence among cryptocurrency investors. The index which ranges from 0 to 100 and is based on factors such as volatility and trading volume, has surged […]

The price of the flagship cryptocurrency Bitcoin ($BTC) has over the last 24 hours surged significantly to surpass the $26,000 mark in a move that saw the crypto sector greatly outperform other risk assets, including equities markets. Bitcoin got a helping hand today from the Bureau of Labor Statistics, a unit of the United States […]

The month of February was volatile for cryptocurrency prices and saw trading volumes increase, although they have remained at historically low levels. Bitcoin and Ethereum, the two largest digital assets by market capitalization, moved up 0.02% and 1.21% respectively, while Binance has remained the leading cryptocurrency trading platform by trading volume. According to CryptoCompare’s latest […]

Crypto markets are set for unprecedented growth over the next few years, according to Matt Hougan, Chief Investment Officer of Bitwise Asset Management, who during a recent interview expressed his optimism for digital asset markets, stating he is “especially bullish on the next three years.” During a recent interview on The Wolf of All Streets […]

Cryptocurrency investment products have continued to see positive growth in the early months of 2023, with total assets under management (AUM) reaching a record high of $28.3b billion in February, up 5.25% from the previous month, at a time in which digital assets keep outperforming traditional investments. According to CryptoCompare’s latest Digital Assets Management Review […]

A little-known cryptocurrency has seen its price surge nearly 60% in a week after a massive crypto whale accumulated around $1.18 million worth of the cryptocurrency, whose current market capitalization is below the $100 million mark. According to data from blockchain monitoring service Lookonchain, the cryptocurrency whale bought earlier this week 7.32 million TrueFi ($TRU) […]

A little-known cryptocurrency that is currently held on the blockchain by just over 7,000 wallets, has seen its price surge after it was listed on leading cryptocurrency exchange Binance’s Innovation Zone. The price of Synapse ($SYN) moved up well over 30% in intraday trading after the Binance listing was announced, but it has since returned […]

The price of Cardano’s native token $ADA has recorded its highest returns in 18 months in January of this year after its price rose 58.9% to $0.39. Its performance was the best it has seen since August 2021, and made it one of the strongest assets by performance among the top digital currencies. According to […]

Fintech giant PayPal held, as of December 31, 2022, a total of $604 million in various cryptocurrencies on behalf of its customers, including Bitcoin ($BTC), Ethereum ($ETH), Litecoin ($LTC), and Bitcoin Cash ($BCH). The holdings were revealed in its annual report, filed with the U.S. Securities and Exchange Commission (SEC). The lion’s share of PayPal […]

Spot trading volumes in the cryptocurrency space rose 57.9% to $860 billion, the highest percentage increase since January 2021, according to a report published by leading crypto data provider CryptoCompare. CryptoCompare’s recently published Exchange Review report for January 2023 details that so-called Top-Tier exchanges – those with a grade between AA and B according to […]

The total assets under management for cryptocurrency investment products has surged by 36.8% in the month of January to $19.7billion, the highest recorded assets under management (AUM) since May 2022, as investors’ confidence returns. According to CryptoCompare’s latest Digital Asset Management Review report, bullish sentiment on the market was fueled by a short squeeze that […]

The percentage of Bitcoin ($BTC) investors holding onto the flagship cryptocurrency for longer periods of time reached a new all-time in December of last year, as HODLers are weathering the bear market while waiting for a trend reversal. According to data from leading digital asset market data provider, cryptocurrency markets have seen a “surprisingly positive […]

Many new investors in cryptoassets, particularly those who have previously traded in stocks, have questions about when the crypto market opens and whether it even closes, and on what days it operates.  Read on to find out more about the operating hours for crypto markets and if there are any significant changes in trading between […]

The total value locked (TVL) on decentralized finance protocols fell 24.7% last quarter to $74.3 billion, marking the second-largest quarterly decline for the novel financial services industry, behind only the quarter that saw the Terra ecosystem collapse. The decline has meant that DeFi recorded its first-ever yearly decline in total value locked, losing 76.4% of […]

France-based multinational financial services giant Société Générale has withdrawn $7 million in the cryptocurrency-backed stablecoin DAI from MakerDAO, out of a vault that has a debt ceiling of $30 million in DAI. As The Block reports, Société Générale was approved to start a MakerDAO vault last year after a vote from the decentralized autonomous organization’s […]

In 2022, cryptocurrency investment products’ assets under management (AUM) and average daily volumes saw a significant decrease due to the current state of panic in the cryptocurrency market after the collapse of FTX and rumors of similar problems at other exchanges. Average daily volumes have dropped by 74.1% to $203 million in 2022, compared to […]

Negative sentiment in the cryptocurrency space hitting new highs has historically been a bear market bottom signal, and as the cryptocurrency community faces doom and gloom it’s possible prices may stop dropping. According to on-chain analytics firm Santiment, the cryptocurrency community is dealing with a plethora of negativity that has helped cryptocurrency prices plunge over […]

The CEO of leading cryptocurrency exchange Binance, Changpeng ‘CZ’ Zhao, has recently defended that the exchange holds customer assets backed one-to-one that it isn’t facing a liquidity crunch during a run on the bank. During an interview with CNBC Squawk Box hot Aaron Sorkin, Zhao defended that Binance does not have a liquidity crunch and […]

After the collapse of FTX on November 8, centralized exchanges experienced a series of outflows as investors become concerned about the safety of their deposits on these platforms. In November, BTC netflows recorded the largest negative flow in its history, with a netflow of -91,363 BTC, worth over $1.6 billion. According to CryptoCompare’s latest Exchange […]

The average daily aggregate trading volume of cryptocurrency investment products has surged 127% in November to $139 million, the highest volumes recorded since June 2022. Volumes rose in the wake of FTX’s collapse, which helped volatility in the space explode. According to CryptoCompare’s latest Digital Asset Management Review report, the surge in trading volume seen […]

Recently, Joey Krug, Co-CIO of crypto investment firm Pantera Capital, talked about how the collapse of SBF’s FTX empire had affected his firm and the impact he expects it to have on the crypto space in the short, medium, and long term. The following video from Wall Street Journal nicely summarizes how FTX went bankrupt: Krug’s […]

While during the last cryptocurrency bear market holders across different wallet sizes were panic-selling their assets, during this bear market, we are seeing a consistent accumulation in almost all accounts as $BTC holders are buying the dip. According to CryptoCompare’s 2022 Outlook Report, Bitcoin users with over 10,000 $BTC in their wallets have also seen […]

Goldman Sachs is set to start classifying the cryptocurrency industry in a bid to standardize the way the financial industry sees the nascent space, meaning the Wall Street giant will be classifying Bitcoin ($BTC), Ethereum ($ETH), Cardano ($ADA) and even meme-inspired assets like Shiba Inu ($SHIB). According to a report from CNBC, the investment bank […]