August, 2024

August, 2024

Institutional Inflows to Crypto Products Rebound As Ethereum Benefits Most From Correction: CoinShares
Digital assets manager CoinShares says that institutional crypto investors poured hundreds of millions in capital into digital asset investment products last week. In its latest Digital Asset Fund Flo...

Solana Rival Sui Explodes 148% From Lows in Sudden Resurgence Despite Large Token Unlocks
Layer-1 blockchain Sui has printed more than a 2x from its lows in the last seven days, outperforming most of the top 100 altcoins. After hitting the $0.45 level on August 5th, SUI traded for $1.12 ea...

JPMorgan Chase, Bank of America, Wells Fargo and Citi Predict Abrupt Fed Rate Cuts Amid Global Market Turbulence: Reports
The four largest banks in the US now believe the Federal Reserve is about to cut interest rates amid rising recession fears. A Bank of America economist says a September Fed rate cut is a “virtual l...

Celsius Asks Stablecoin Issuer Tether To Hand Over $3,350,000,000 Worth of Bitcoin in New Lawsuit
Defunct crypto lending platform Celsius Network is taking legal action to recover billions of dollars worth of Bitcoin (BTC) that it previously transferred to USDT issuer Tether. In a new complaint fi...

Analyst Issues Bitcoin Warning, Says BTC Still in Bearish Structure Amid Euphoria Over Bounce Above $60,000
Closely followed crypto analyst Altcoin Sherpa is calling for caution amid what he sees as bearish price action for Bitc...

Improvements to conversion adjustment uploads
Starting on September 9, 2024, Google Ads API users will no longer need to wait 24 hours before uploading conversion adjustments - they can be uploaded immediately after the original conversion has b...

Retail Traders Drive Optimism (OP) Price Decline
The value of OP, the token driving the leading Layer-2 (L2) network Optimism, has dropped 19% over the past month. As of press time, the altcoin is trading at $1.37. This decline is largely attribu...

Year-To-Date Net Inflows Peak as Weekly Crypto Investments Reach $176 Million
Digital asset investments hit $176 million last week, effectively registering a resumption of inflows after a streak of negative flows. It comes after the recent market correction, with ETF (exchan...

Toncoin (TON) Shorts Stay Strong Despite Market’s Bullish Surge
The price of Toncoin (TON), the cryptocurrency linked to the popular messaging app Telegram, has registered a double-digit rally over the past week. However, despite this, short traders have mainta...

Investors Pull Back from BNB, Fear Extended Decline Ahead
Unlike the prior period, crypto investment products ended last week with a net positive flow. However, Binance Coin (BNB) did not share the same trend. This development raises concerns about the co...

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November