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Source: Coin Tegraph Since reaching all-time highs on Jan. 20, Bitcoin’s price has been suppressed by hedge funds exploiting a low-risk yield trade involving spot exchange-traded funds (ETFs) and CME futures, signaling once again that institutional adoption of crypto assets isn’t a one-way street. This is the general takeaway of analyst Kyle Chassé, who dissected…
Source: Live Mint However, despite its solid fundamentals, AU’s stock has remained rangebound for nearly four years, weighed down by industry headwinds. Recent stress in unsecured lending has added to the challenges. Read this | MFI stress may weigh on small finance banks’ loan growth, asset quality in short term Yet, the bank appears well-positioned…
Source: Coin Tegraph A district court judge has dismissed the US securities regulator’s lawsuit accusing Hex founder Richard Heart of raising over $1 billion through unregistered crypto offerings and defrauding investors of $12.1 million. Heart, whose real name is Richard Schueler, was also accused of spending those allegedly stolen funds on luxury items — including…
Source: Bitcoinist A developer from THORChain, known as Pluto, has announced his departure from the decentralized liquidity protocol following a contentious decision involving North Korean-linked transactions. The controversy emerged after a vote by the network’s validators to block these transactions was swiftly overturned, raising concerns about the platform’s governance and resilience to regulatory challenges. Validator…
Source: Coin Tegraph Bitcoin (BTC) price dropped 21.3% between Feb. 21 and Feb. 28, retesting the $78,300 level for the first time since November 2024. The correction led to over $1.6 billion in leveraged long (buy) liquidations, adding to market volatility as exchanges forcefully sold contracts. The $21,210 decline marked the largest seven-day drop in…
Source: Live Mint Trump-Zelensky meeting: After the bloodbath in the Indian stock market on Friday, retail investors eagerly awaited the Trump-Zelensky meeting outcome, which was expected to give a road map to end the geopolitical tension caused by the Russia-Ukraine war. However, after the explosive Trump-Zelensky meeting, Indian stock market observers may have to worry…
Source: Coin Tegraph The US Securities and Exchange Commission has once again extended its deadline for deciding whether or not to permit Cboe Exchange to list options tied to Ether exchange-traded funds (ETFs). The agency has given itself until May to make a final decision to approve or disapprove of Ether (ETH) ETF options trading…
Source: Live Mint Gold rate today: Following the strong US dollar, the MCX gold rate ended its seven-week winning streak and closed at ₹84,202 per 10 gm. However, gold prices finished higher for the second straight month, delivering 2.13 per cent returns in the international market. Spot gold finished at $2,858.60 per ounce, while COMEX’s…
Source: Bitcoinist Bitcoin has shown a continuation to its crash during the last 24 hours. Here’s what on-chain data says regarding whether a bottom is close or not. Bitcoin NVT Golden Cross Is Now In Oversold Territory As pointed out by an analyst in a CryptoQuant Quicktake post, the Bitcoin NVT Golden Cross has witnessed…
Source: Coin Tegraph The Bitcoin bounce to $85,000 on Feb. 28 had traders hopeful that a bottom was in could be in peril after BTC (BTC) struggled to secure a higher high candlestick for the daily close. Data from TRDR.io shows Bitcoin received a strong spot bid at Coinbase as the price fell to a…
