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news-imageSeptember 29, 2024

Celestia raises $100m, Binance founder leaves prison, Gensler reaffirms Bitcoin stance | Weekly Recap

The crypto venture capital scene is busy; Binance founder and former CEO Changpeng Zhao completes a four-month sentence; and SEC chair Gary Gensler addresses Bitcoin in a TV appearance.
Publisher: Crypto news
Sentiment: Positive
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cover-imageCoingape
December 21, 2024

Max Keiser Rejects Michael Saylor's Stablecoin Idea, Champions Bitcoin Standard

Popular crypto analyst and broadcaster Max Keiser has recently commented on the proposal by Michael Saylor for the United States to create a $10 trillion stablecoin pegged to Bitcoin, calling this idea not plausible given the restrictive policy of USD. Keiser framed the US dollar as “the ultimate proof-of-stake shitcoin,” emphasizing that it derives its

Neutral
cover-imageCoingape
December 21, 2024

Is Strategic Bitcoin Reserve Feasible to Reduce US National Debt?

Amid the talks of building a strategic Bitcoin reserve under Donald Trump's administration, experts have started weighing in on the feasibility of such a proposal and to what extent it would help in reducing the massive $36 trillion US national debt. Wyoming Senator Cynthia Lummis, who has been actively pushing for this proposal has shared

Positive
cover-imageCryptopolitan
December 21, 2024

Bitcoin price surges to $99K hours after record Bitcoin ETF outflow

Bitcoin's price surge toward the $100,000 mark on December 20 appeared bittersweet for investors in the US spot Bitcoin exchange-traded funds (ETFs). While Bitcoin briefly exceeded $99,000 earlier in the day, the positive price movement contrasted sharply with the net outflows from Bitcoin spot ETFs, which saw a significant drain of capital.

Positive
cover-imageUToday
December 21, 2024

Balaji Srinivasan on Bitcoin, AI: 'Going Vertical'

Renowned tech visionary Balaji Srinivasan, former CTO of Coinbase and GP of Andreessen Horowitz, shows two charts to display the rocketing opportunities of AI large language models (LLMs) and Bitcoin ETFs. Both are in their "vertical" growth phases, he says.

Neutral
cover-imageNewsBTC
December 21, 2024

Bitcoin Market Leverage and Coinbase Premium: What Recent Data Reveals

As Bitcoin currently faces a downturn and now seeing a recovery suggesting a preparation for its next bull run, market participants appears to be analyzing trends in exchange leverage and liquidity. Particularly, CryptoQuant has pointed out that leverage ratios on centralized exchanges have become a focal point, offering insights into the potential risks and opportunities shaping the crypto market.

Negative
cover-imageNewsBTC
December 21, 2024

Spot Bitcoin ETFs Bleed: 6,700 BTC Exit Amidst Largest Outflow In Months

Amid a wider readjusting of market expectations for interest rate cuts by the Federal Reserve (Fed) for 2025, investors withdrew a record $680 million from Bitcoin ETFs on Thursday, the highest outflow in a single day since January's approval of these investment funds. Grayscale And Bitwise Bitcoin ETFs Experience 8% Decline As Bitcoin ETFs faced this outflow, the price declined, dropping another 5% to trade around $97,400 to close the week.

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