Recent data has shown a stark disconnect between Bitcoin and US stocks, marking a significant shift from their previously positive correlation. According to market intelligence platform IntoTheBlock, Bitcoin’s correlation with the Nasdaq 100 and S&P 500 has plummeted to -0.78 and -0.83, respectively. This negative correlation implies that Bitcoin and these assets now tend to
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Bitcoin (BTC) has recently broken above its bearish trendline, showcasing strong bullish momentum in the market. This positive development has sparked optimism among traders and investors who are now wondering if BTC can sustain this momentum and reach the $60,152 mark. With a market capitalization exceeding $1.1 trillion and a trading volume surpassing $24 billion,
In a time where market conditions are constantly evolving and challenging, DWF Labs, a prominent Web3 market maker and investment firm, has set forth ambitious plans for continued growth and innovation. Despite the obstacles faced, DWF Labs has maintained an upward trajectory since its inception, with the recent launch of its new website marking the
Bitcoin’s price surge towards $60,000 was abruptly halted as the digital asset retraced back to just over $58,000. This sudden drop came after Stacks emerged as the top performer among larger-cap altcoins, skyrocketing by 14%. In a similar fashion, LDO followed suit with a 7% increase in just one day. Less than a week ago,
Recently, the Canadian musician and actor, Drake, found himself on the losing end of a substantial Bitcoin bet after Canada’s defeat by Argentina in the Copa America semi-final. His decision to wager $300,000 worth of Bitcoin on his home country proved to be a costly one, as Argentina emerged victorious with a 2-0 win. This
The statement made by CFTC Chair Rostin Behnam during the Senate Agriculture Committee hearing regarding the possibility of the CFTC serving as the primary regulator for digital assets raises significant questions about the current regulatory landscape. Behnam’s assertion that the CFTC has the capacity, expertise, and experience to take on this role is a bold
Recent actions taken by Binance, the world’s largest cryptocurrency exchange, have had a significant impact on the prices of certain altcoins. The delisting of several altcoins, including BarnBridge (BOND), Dock (DOCK), Mdex (MDX), and Polkastarter (POLS), caused these coins to experience substantial price drops. This pattern is not new, as we have seen similar effects
In a recent announcement, Kraken revealed its co-founding of the Blockchain Security Standards Council (BSSC) alongside several prominent industry players. The formation of this nonprofit organization aims to establish uniform security standards within the crypto sector, addressing critical security threats such as fraud, nation-state cyberattacks, and protocol exploitation. The council’s mission involves developing consensus-driven security
ShardLab, the blockchain arm of global Web3 venture capital firm Hashed, has recently unveiled a groundbreaking web application designed to streamline the process of decentralized identity (DiD) and NFT voucher distribution. By leveraging cutting-edge technologies such as account abstraction (AA) and zero-knowledge proofs (ZK), the platform aims to revolutionize the security and usability of everyday
Wallets associated with the CoinStats exploit were recently found to have transferred a significant amount of Ether, totaling nearly $1 million, into the controversial crypto mixing protocol Tornado Cash. The security breach occurred in June, with two wallets moving 311 ETH to the crypto mixer. This development comes following investigations by CertiK and raises questions
