Money & Crypto News

06 августа 2024 04:14

Bitcoin falls below $54,000, with a daily drop of more than 11.7%

according to HTX market information, Bitcoin fell below $54,000 and is now quoted at $53,467, a single-day drop of more than 11.7%.

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05 августа 2024 13:29

Analysts: The Fed may be forced to cut interest rates this month, and the market shift makes a recession more likely

On August 5, analysts said that the Fed may be forced to cut interest rates before the next meeting in September to prevent a feedback loop between the market and the real economy that triggers a recession.
The Bank of Japan raised interest rates earlier, and the US economic data was weaker than expected, triggering the loosening of the huge global imbalances that had accumulated to extreme levels. But the pace of economic deterioration has not suddenly accelerated - last week's employment data is not a definite sign of recession, and the triggering of the "Sam Rule" has only diverted market attention, and the increase in geopolitical tensions has also become a boosting factor.

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05 августа 2024 12:29

Traders bet the ECB will follow the Fed in a 50 basis point rate cut

On August 5, money markets increased bets that the Federal Reserve would ease monetary policy by much more than policymakers expected. Soon after, markets also increased bets that the European Central Bank would follow the Fed in cutting interest rates.
Traders now see a 60% chance of a 50 basis point rate cut by the European Central Bank in September, having fully priced in a 50 basis point cut from the Federal Reserve in September. Meanwhile, the probability of a 25 basis point cut by the Bank of England is rising.
These bets are likely to persist, adding to the safe-haven bid for bonds amid a broad market flight from risk assets.

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05 августа 2024 11:29

Jump Crypto deposits 26 million USDT to Binance

On August 5, according to 0xScope monitoring, Jump Crypto deposited 26 million USDT to Binance in the past hour.
In the past 24 hours, they deposited about 70 million USDT to Binance.

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05 августа 2024 10:29

Wintermute transferred 22,460 ETH to Binance hot wallet in the past 24 hours

On August 5, according to monitoring by The Data Nerd, Wintermute transferred 22,460 ETH (about 52 million US dollars) from its market making account and other trading platform accounts to Binance deposit addresses in the past 24 hours, and these ETH were subsequently transferred to Binance hot wallets.

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05 августа 2024 09:29

Bitwise CEO: Now is the beginning of Bitcoin's "incredible bull market"

On August 5, Hunter Horsley, CEO of ETF issuer Bitwise, posted on social media that although it is difficult to imagine, he believes that when he looks back on today in the future, he will see this as the beginning of Bitcoin's "incredible bull market." With interest rates falling and concerns about a recession looming, a large number of dollars invested in stocks and fixed income will seek to flow into other assets.

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05 августа 2024 08:29

Justin Sun denies rumors of "positions being liquidated", saying he rarely uses leveraged trading strategies

On August 5, Justin Sun posted on social media that rumors about his positions being liquidated were false because he rarely uses leveraged trading strategies and believes that such transactions will not have a significant impact on the industry. Instead, he prefers to participate in activities that provide greater support to the industry and entrepreneurs, such as staking, running nodes, participating in projects, helping project teams provide liquidity, and providing total value locked (TVL) services.

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05 августа 2024 07:29

A whale address bought 6,000 ETH at the bottom after the market crash

On August 5, according to Lookonchain monitoring, after the market crash, a whale address that had made a profit of $76 million on ETH bought 6,000 ETH (about $13.9 million) at the bottom again.
The whale address borrowed 3.3 million USDT from Aave and deposited it in Binance, and then withdrew 6,000 ETH from Binance 2 hours ago. It is reported that the address has been lending ETH for a long time, with 42,663 ETH (about $99 million) deposited in Aave, and the USDT lending position reached $28.6 million.

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05 августа 2024 06:32

167,700 cETH were liquidated from the address starting with 0x444, worth approximately $9.12 million

On August 5, according to PeckShieldAlert monitoring, 167,700 cETH were just liquidated from the address starting with 0x444, worth approximately $9.12 million.

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05 августа 2024 05:54

Based on the current market environment, Ethena Labs' annual revenue is approximately negative $32.95 million

Ethena Labs has an estimated annual revenue of about negative $32.95 million, based on recent data. The platform has a Total Value Locked (TVL) of $3.18 billion and reserve funds of $46.5 million, with collateral split between BTC (48%), ETH (30%), ETH LST (10%), and USDT (12%). Ethena's USDe uses BTC and stETH as collateral while managing short positions in Bitcoin and ETH. In a down market, negative funding rates can lead to losses, impacting the protocol's financial stability.

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05 августа 2024 05:39

BitMEX co-founder: A "big guy" fell and sold all crypto assets

Arthur Hayes, co-founder of BitMEX, suggested on social media that a major player in the crypto space had sold all their assets. Speculation points to Jump Crypto as the "big guy" in question. EmberCN reported that Jump Trading has been redeeming $410 million worth of wstETH, converting it into ETH, and transferring it to platforms like Binance and OKX. Since July 25, Jump Trading has redeemed 83,000 wstETH for 97,500 ETH, with 66,000 ETH (about $191 million) already moved to trading platforms. Scopescan notes that Jump’s current holdings are primarily in USDC and USDT. Additionally, the CFTC is investigating Jump Crypto, as reported by Fortune on June 20.

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05 августа 2024 05:20

Binance Payment will gradually stop supporting Pay ID

Starting August 6, 2024 (UTC), Binance will begin phasing out support for Pay ID. Users can still transfer or receive cryptocurrencies using Binance ID, email, or phone. This change aims to simplify the Binance payment process.

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05 августа 2024 05:10

GSR just sent a total of 9.5 million USDT to multiple CEXs

according to Scopescan monitoring, crypto market maker GSR had just sent a total of 9.5 million USDT to multiple CEXs.

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05 августа 2024 04:41

Analysis: Jump Trading is suspected of selling a large amount of ETH

Jump Trading is converting wstETH into ETH and transferring it to trading platforms like Binance and OKX. In the past 9 days, they have redeemed 83,000 wstETH for 97,500 ETH, with 66,000 ETH (worth $191.4 million) already sent to trading platforms. Currently, 37,600 wstETH and 11,500 stETH are still being processed, and 20,000 ETH is waiting to be transferred.

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05 августа 2024 04:27

White House officials and crypto industry executives plan to participate in a roundtable hosted by Rep. Khanna

White House officials and Democratic leaders will join a virtual roundtable with crypto industry executives to discuss digital asset policies. The meeting, hosted by Congressman Ro Khanna, will feature Lael Brainard, director of the National Economic Council; Bruce Reed, deputy director of the White House Office of Staff; and outgoing senior adviser Anita Dunn. Dunn, who is set to advise Harris' $300 million super PAC, also attended a similar roundtable in July.

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06 августа 2024 04:12

Ethereum fell below $2,100, with a single-day drop of more than 25%

according to HTX market information, Ethereum fell below $2,100 and then rebounded, and is now quoted at $2,156, a single-day drop of more than 25%.

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05 августа 2024 12:54

Coinbase fell 13.93% before the market opened, and MicroStrategy fell 17.90%

On August 5, U.S. blockchain concept stocks fell before the market opened, including:
Coinbase fell 13.93%
MicroStrategy fell 17.90%;
Block fell 6.21%;
Riot Platforms fell 11.09%.

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05 августа 2024 11:54

Japanese banking industry's market value evaporates by $85 billion

On August 5, the share prices of Mitsubishi UFJ Financial Group and Mizuho Financial Group hit their biggest drop in history on Monday, and the stock market crash caused Japanese bank stocks to plummet together.
At the close of today, the share price of Mitsubishi UFJ Financial Group, Japan's largest bank, fell 18%, Mizuho Bank fell 20%, and Sumitomo Mitsui Financial Group fell nearly 16%, also a record drop. The three companies lost about 12 trillion yen (85 billion U.S. dollars) in market value in the past two trading days.

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05 августа 2024 10:54

Australian shares plunge 3.6%, worst performance since 2020

On August 5, Australia's S&P/ASX 200 index closed down 3.6%, its biggest one-day drop since May 2020, as global investors worried about the possibility of a U.S. recession.
Australian shares have fallen 5.7% since hitting a new high last Thursday. All 11 sectors ended lower, with heavyweight financials down 5.0% for their worst day since June 2020.
All sectoral shares fell, with ANZ, National Australia Bank, Westpac and Commonwealth Bank falling between 4.5 per cent and 5.7 per cent. Technology stocks fared worse, with Xero, WiseTech and Life360 down between 5.55% and 9.05%.

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05 августа 2024 09:54

U.S. and European stock index futures plummeted, and Japanese, Korean and Taiwanese stock markets all plummeted

On August 5, according to market data, U.S. stock index futures plummeted, with Nasdaq futures down 5%, S&P 500 futures down 2.6%, and Dow futures down 1.22%. In addition:
· German DAX index futures fell 2.3%, French CAC40 index futures fell 2.9%, British FTSE 100 index futures fell 1.8%, and European STOXX 50 index futures fell 2.7%.
· The Nikkei 225 index plunged 15%, falling more than 5,400 points during the day, and is now at 30,493 points
· The South Korean KOSPI index fell 10%, the largest drop since 2008
· The Taiwan stock market closed down 8.35%, the worst single-day performance in history
· The MSCI Asia Pacific Index fell 6% to 166.20 points

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05 августа 2024 08:54

Nomad attacker bought 16,892 ETH at the bottom 1 hour ago

On August 5, according to Lookonchain monitoring, the Nomad attacker hacker address spent 39.75 million DAI to buy 16,892 ETH at the bottom 1 hour ago and deposited the ETH into Tornado.Cash.
The cross-chain bridge Nomad was stolen on August 2, 2022, losing about $200 million.

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05 августа 2024 07:54

Nikkei 225 Index Futures Triggered Circuit Breaker Mechanism

On August 5, according to market data, Nikkei 225 Index Futures triggered the circuit breaker mechanism and trading was suspended until 12:21 Japan Standard Time.

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05 августа 2024 06:54

US stock index futures continued to fall, and the Nasdaq futures fell by 3%

On August 5, according to market data, US stock index futures continued to fall, and the Nasdaq futures fell by 3%.

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05 августа 2024 05:59

Jump Trading’s current stablecoin positions account for 96%

according to Arkham data, Jump Trading's current stablecoin position has reached 96%, with a total position value of US$595 million. Among them:

⏩USDC holdings are worth US$468 million

⏩USDT holdings are worth US$103 million

⏩ETH holdings are worth US$8.7 million

⏩WBTC holdings are worth US$2.68 million

⏩CVX holdings are worth US$1.95 million

⏩WETH holdings are worth US$1.56 million

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05 августа 2024 05:46

Jump Trading transferred another 17,576 ETH to CEX in the past 24 hours

according to Spot On Chain monitoring, Jump Trading transferred another 17,576 ETH (about 46.78 million USD) to CEX in the past 24 hours.

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05 августа 2024 05:24

A whale address was liquidated with $1.22 million worth of WETH

according to PeckShield monitoring, the address starting with 0x3c75 had been liquidated with 455.7 WETH (worth $1.22 million).

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05 августа 2024 05:12

Data: Wintermute and Jump Crypto positions are currently mainly stablecoins

🔤Wintermute: USDT, USDC, ETH

🔤GSR: GALA, USDT, KARRAT

🔤Jump: USDC, USDT, ETH

🔤FlowTraders: BTC, MKR, AAVE

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05 августа 2024 05:02

Buffett's Berkshire Hathaway's cash reserves exceed Ethereum's market value

In the second quarter, Berkshire Hathaway, led by Warren Buffett, reduced its Apple stock holdings from 789 million shares to approximately 400 million, netting $75.5 billion in sales. This move increased their cash reserves to a record $276.94 billion, including cash equivalents. This cash reserve is roughly equivalent to the market value of Ethereum at its current price of $2,310, which dropped to $2,100 earlier today.

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05 августа 2024 04:36

Bitcoin recovers above $61,000

Bitcoin rebounded above $61,000 and is now quoted at $61,034, with the 24-hour decline narrowed to 0.57%.

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05 августа 2024 03:57

US spot Bitcoin ETF sees largest single-day outflow in 90 days

the spot Bitcoin ETF experienced its largest single-day outflow in over 90 days, totaling $237.45 million. This outflow was the fourth largest since the ETF's launch in January, with the largest previous outflow being $563.77 million on May 1. Despite this significant outflow, the overall transaction volume was relatively unremarkable, and Bitcoin's price continued to decline towards the $60,000 mark. However, the total net asset value of all ETFs remained near historical highs.

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