Bets Against Bitcoin’s Price Are Nearing Record Highs
BTC/USD shorts on Bitfinex are nearing record highs, leaving many to wonder if a short squeeze will occur like it did when the prior mark was set.
Related Posts


Trump Earned Up To $1M From NFT Sales: Filings
Featured SpeakerYat SiuCo-Founder and Executive ChairmanAnimoca BrandsWhere is Web3 headed? Take a look to the future with this pioneering investor in the metaverse and NFTs.Featured SpeakerYat SiuCo-Founder and Executive ChairmanAnimoca BrandsWhere is Web3 headed? Take a look to the future with this pioneering investor in the metaverse and NFTs.A filing from the U.S. Office of…

Why Are Bitcoin ETFs Such a Big Deal? Gold Provides a $100 Billion Answer
Hopes are extremely high for bitcoin ETFs, which just won SEC approval, and their ability to transform cryptocurrency investing.Gold ETFs transformed the gold market two decade ago, sparking a huge rally in gold's price – and some experts think bitcoin ETFs could do the same thing.Standard Chartered sees bitcoin's price doubling to $100,000 this year.Bitcoin

Dogecoin Bullish Bets Reach Record $1B
Traders are using prominent meme tokens, such as Dogecoin (DOGE) and bonk (BONK), as ecosystem bets for their respective blockchains, Ethereum and Solana.DOGE futures set a record open interest at $1 billion - indicative of the strong interest in the tokens. Nearly 70% of these bets were on the long side.Traders are continuing to use

Grayscale’s Newest Crypto Investment Trust Will Hold Stellar Lumens
news Grayscale Investments, the digital asset management firm operating under the Digital Currency Group umbrella, is adding support for Stellar lumens with a new investment product. The company announced Thursday that it was launching the Stellar Lumens Trust, a “single-asset investment product” which exposes investors to lumens (XLM), the native asset of the Stellar network.…

Bitcoin News Roundup for May 12, 2020
May 12, 2020 at 16:22 UTCUpdated May 12, 2020 at 16:23 UTCWith the third Bitcoin halving in the rear view mirror, Markets Daily is back with your bitcoin news roundup for look at price movements, problematic privacy and more...For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.Today's stories:For early access…

Bitcoin Mining Was Less Profitable in July Than June, Jefferies Says
Bitcoin mining was marginally less profitable last month, the bank said. Jefferies cut its Marathon Digital price target to $17 from $22. U.S-listed mining companies produced a larger share of bitcoin in July, the report said. Bitcoin (BTC) mining was slightly less profitable in June than the month previous, as the price of the world's

MakerDAO’s MKR, Ripple’s XRP and Stellar’s XLM Led Crypto Gainers in July
MakerDAO’s MKR was the leading gainer among the constituents of the Coindesk Market Index (CMI) in July, advancing 47%. The native token of Ripple Labs, XRP was just behind, adding 46.6% during the month as a U.S. judge ruled the sale of XRP tokens on exchanges as not constituting as investment contracts.The two leading cryptocurrencies…

Latest Ethereum Blocks Suggest Validators Are Reversing Censorship
After OFAC sanctioned Tornado Cash, there was debate over whether validators should include those transactions or not. Ever since then, the Ethereum community has continued to push for a censorship reversal, and the results of those efforts now appear to be paying off thanks, in large part, to the introduction of new, non-censoring relays.