Author: John Smith
Bitwise advisor Jeff Park attributed the February 5 crypto selloff to multi-asset portfolio deleveraging rather than crypto-specific factors. Summary February 5 selling was driven by multi-asset fund deleveraging, not crypto-native fear. CME basis trades unwound violently as pod shops de-grossed across portfolios. Short gamma and structured product hedging amplified downside despite ETF inflows. IBIT recorded 10 billion in trading volume, doubling its previous high, while options activity hit historic levels led by put contracts rather than calls. The crash saw Bitcoin (BTC) fall 13.2% yet IBIT posted $230 million in net creations with 6 million new shares, bringing total ETF…
Tether has built a portfolio of 140 investments spanning sectors from South American agriculture to a stake in Italian football club Juventus, according to a Financial Times report. Summary Tether holds 140 investments, from agriculture to Juventus, funded by USDT profits. The stablecoin giant plans 150 new hires as it builds a global “freedom tech stack.” Political ties and a $500B valuation push raise scrutiny over transparency and audits. The world’s largest stablecoin issuer expanded its workforce to 300 employees and plans to add another 150 staff over the next 18 months, mostly engineers. CEO Paolo Ardoino presented Tether’s vision…
Pi Network price continued its strong downward trend this week and is nearing its lowest level on record as traders anticipated a big token unlock this week. Summary Pi Network price continued its strong downward trend last week. The network will unlock 82 million tokens in the next seven days. A potential catalyst for the coin is Kraken listing. Pi Coin (PI) token was trading at $0.1450 on Sunday, a few points above the all-time low of $0.1305. It has dropped by over 90% from its all-time high, erasing billions of dollars in value. Pi token may come under pressure…
CryptoQuant’s Ki Young Ju warns that absent a near-term Bitcoin rebound, forced liquidations and cascading institutional selling could hit ETFs, miners, and trust. Summary CryptoQuant CEO Ki Young Ju says large BTC releases may signal forced institutional liquidations that pressure prices and ETF flows. He warns that if Bitcoin does not rebound within a month, structural, chain institutional selling could rise and push miners toward bankruptcy risk. Ju notes institutions that capitulate near market lows may struggle to re-enter, with trust in Bitcoin markets taking a long time to rebuild. CryptoQuant CEO Ki Young Ju stated that the risk of…
In this week’s edition of the weekly recap, President Donald Trump denied awareness of reported UAE investment in World Liberty Financial, and China’s central bank joined nine agencies in banning unapproved yuan-linked stablecoins. Trump distances himself from World Liberty investment… Source link
Polygon price crashed and erased all the gains it made earlier this year despite its strong fundamentals, including its growing market share in the payment industry and its growing burn rate. Summary Polygon price has crashed and erased most of the gains it made earlier this year. Data shows that its payment transaction volume has soared in the past few months. Technical analysis suggests that the token will rebound in the coming weeks as it has formed a double-bottom pattern. Polygon (POL), whose ticker was previously known as MATIC, was trading at $0.095, down sharply from the year-to-date high of…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Nexus International hits $1.2 billion revenue as billionaire Gurhan Kiziloz sets sights on $100 billon long-term growth. Summary Nexus International hits $1.2b revenue as founder Gurhan Kiziloz targets $100b without outside investors. After five bankruptcies, Gurhan Kiziloz has built a $1.2b revenue empire while retaining full ownership. Spartans.com’s casino-only strategy powers Nexus growth, avoiding dilution while competing with Stake and bet365. Gurhan Kiziloz, the self-made billionaire behind Nexus International, is not one to celebrate mid-journey. His company just crossed…
Bitcoin price has rebounded from a critical multi-year channel support near $62,500, raising the question of whether a high-timeframe bottom may be forming. Summary $62,500 marks multi-year channel support, active since March 2021 Confluence with value area high strengthens the bounce, increasing reaction probability Accumulation is required, to confirm a sustainable move toward the channel midpoint Bitcoin (BTC) price action has recently reacted from a major technical support zone that has defined market structure for several years. After an extended bearish expansion, BTC has revisited the lower boundary of a multi-year ascending channel that has remained intact since March 2021.…
Pi Network price stabilized near its all-time low as optimism rose that it would be listed on Kraken, a top crypto exchange. Summary Pi Network price crashed to a record low amid the ongoing crypto crash. Kraken, a top crypto exchange, has added it to its listing roadmap. Technical analysis suggests that it has more downside to go in the coming days. Pi Network (PI) rose to $0.1450, a few points above the all-time low of $0.1300. It remains significantly lower than the all-time high of $3, with its market capitalization falling from nearly $20 billion to $1.3 billion today.…
XRP price is slowly forming a giant hammer candlestick pattern, pointing to an eventual rebound, as Ripple prepares the launch of its permissioned DEX features to the network. Summary XRP price has dropped in the last five consecutive weeks as the crypto market crash accelerated. Ripple plans to launch its permissioned DEX tool that will boost the XRP utility soon. Technical analysis suggests that it has formed a hammer candlestick pattern on the weekly chart. Ripple (XRP) token was trading at $1.4120, up by 25% above its lowest level this week, matching the performance of other top tokens like Ethereum,…