🔍 🔴😞 Market Analysis: 17-11-18

Crypto markets were shaken today as Bitcoin plunged below $95,000 for the first time in six months, extending a four-day loss streak and sending ripples through both digital assets and related equities. In a swift downside move, roughly $1.1 billion in derivatives positions were liquidated, ampli... ... Read full 🔴😞 Market Analysis: 17-11-18

XRP Tipped as Solution to Collapsing Yen Carry Trade

XRP Tipped as Solution to Collapsing Yen Carry Trade

There is a growing narrative among XRP enthusiasts that a major unwinding in the Japanese yen carry trade could trigger a global liquidity crisis. In this scenario, these enthusiasts have positioned XRP as the solution to stabilizing disrupted financial flows, starting in Japan and rippling worldwid…

 Republic raises $100M for ETH purchases under unusual zero-interest deal

Republic raises $100M for ETH purchases under unusual zero-interest deal

Republic Technologies, formerly known as Beyond Medical Technologies before transitioning into blockchain infrastructure, has secured a $100 million convertible note facility to expand its Ether holdings — a move the company said will enable it to grow its ETH treasury with minimal shareholder dilut…

Young Bitcoin holders panic sell 148K BTC as analysts call for sub-$90K BTC bottom

Young Bitcoin holders panic sell 148K BTC as analysts call for sub-$90K BTC bottom

Key takeaways:Newer Bitcoin investors sold over 148,000 BTC at a loss on Nov. 14.Analysts agree that pushing Bitcoin’s price below the Jan. 1 open at $93,000 could trigger a fresh downtrend to areas below $90,000.Bitcoin price dropped to $92,000 on Sunday, erasing nearly all of this year’s gains as…

Bitcoin miner HIVE reports ‘record’ revenue as BTC production jumps

Bitcoin miner HIVE reports ‘record’ revenue as BTC production jumps

HIVE Digital Technologies (ticker HIVE) said on Monday it posted "record" revenue as the bitcoin miner's production of BTC increased significantly during its most recent quarter.The company said in an earnings statement that it registered $87.3 million in revenue during the second quarter of its 202…

Sharps Technology stock sinks to record low after debut Solana-treasury quarterly filing

Sharps Technology stock sinks to record low after debut Solana-treasury quarterly filing

Sharps Technology (ticker STSS) reported its first quarterly results since adopting a Solana-focused digital-asset-treasury strategy in August, while the company’s core medical device business generated minimal revenue.Nasdaq-listed Sharps reports holding just under 2 million SOL. While the filing p…

Strategy steps up Bitcoin buys with 8,178 BTC purchase

Strategy steps up Bitcoin buys with 8,178 BTC purchase

The company behind the largest Bitcoin treasury announced it had returned to buying large amounts of the cryptocurrency following a $835 million purchase.In a Monday filing with the US Securities and Exchange Commission, Michael Saylor’s Strategy reported acquiring 8,178 Bitcoin for about $835 mill…

Ripple Exec Addresses Tax Issue On XRP Ledger, Where Does It Go?

Ripple Exec Addresses Tax Issue On XRP Ledger, Where Does It Go?

A debate over the XRP Ledger’s (XRPL) economy model has ignited after Ripple’s Chief Technology Officer (CTO), David Schwartz, directly addressed questions about taxation on the blockchain. Critics have suggested that if XRP holders do not earn from the ecosystem, someone must be collecting a tax. S…

SEC Chair Atkins enters crucial 12-month crypto and regulatory push post shutdown, says TD Cowen

SEC Chair Atkins enters crucial 12-month crypto and regulatory push post shutdown, says TD Cowen

The next 12 months will be pivotal for the U.S. Securities and Exchange Commission following the reopening of the federal government, as the agency looks to write rules to regulate the cryptocurrency industry, said an analyst at investment bank TD Cowen. Following the longest government shutdown end…

Arthur Hayes Blames Bitcoin’s 25% Slide on a Sudden Liquidity Contraction

Arthur Hayes Blames Bitcoin’s 25% Slide on a Sudden Liquidity Contraction

Bitcoin’s recent decline reflects a sharp deterioration in U.S. dollar liquidity rather than any shift in political rhetoric, according to Arthur Hayes, co-founder and former CEO of BitMEX. In a Hayes draws parallels between unpredictable winter storms in Hokkaido and the equally volatile liquidity …

Strategy Stock Is Falling. It Bought More Bitcoin Anyway. — Barrons.com

Strategy Stock Is Falling. It Bought More Bitcoin Anyway. — Barrons.com

By Mackenzie TatananniStrategy is sticking with what it does best, buying Bitcoin, as cryptocurrency prices fall and investors question its business model.In a Form 8-K filed with the Securities and Exchange Commission on Monday, the company disclosed it had snapped up 8,178 Bitcoins for an average …

MicroStrategy and BitMine Strike Together — Tom Lee Says the Mania Awaits

MicroStrategy and BitMine Strike Together — Tom Lee Says the Mania Awaits

Two of the largest corporate players in cryptocurrency, MicroStrategy and BitMine, have just escalated a quiet accumulation war. One is doubling down on Bitcoin, the other is expanding its grip on Ethereum.While each move looked routine at first glance, the scale and timing reveal something far more…

Cboe to launch perpetual-style bitcoin and ether futures on Dec. 15

Cboe to launch perpetual-style bitcoin and ether futures on Dec. 15

Cboe Global Markets will launch perpetual-style bitcoin and ether futures — called “continuous” futures — on Dec. 15, pending regulatory review. The new products, to be listed on Cboe Futures Exchange, are designed to give traders long-term, perpetual-like exposure to bitcoin and ether without the o…