Bitcoin ETF market makers are Ledn's biggest clients for crypto loans. Ledn credits Bitcoin and Ether ETF approvals for its performance. Big-money players say crypto loans offer tax advantages over selling tokens. According to a report shared with News, centralized crypto lender Ledn said it processed $1.16 billion in crypto loans, mostly to bitcoin exchange-traded … Read more
Coinbase's CEO wants to launch a crypto index fund. There are regulatory hurdles to doing so. Coinbase beat analysts' expectations in its second quarter earnings. Coinbase wants to create its own crypto index fund, CEO Brian Armstrong said on the firm's earnings call with investors. In response to a question about Coinbase's product roadmap, Armstrong … Read more
Justin Sun takes X to face liquidation rumours. The announcement comes as crypto is in free-fall. Tron founder Justin Sun Denied His positions were rumored to have been canceled due to the fall in cryptocurrency prices. Rumors spread on X on Monday morning Asian time after he posted “Justin Sun is finally liquidated” with just … Read more
Crypto markets crashed. One analyst says the macroeconomic environment is to blame. But another is hoping for a price hike in the second half of 2024. The bloodshed in the markets is taking crypto with it. In the past 24 hours, global stocks have fallen, volatility has risen and investors are fleeing to havens like … Read more
Bitcoin was not spared as global markets tumbled on Monday. Investors are spooked by several worrying developments. Outflows of DeFi tokens have increased. Crypto is not a market for the faint of heart, but even diehard investors whitewashed it on Monday as Bitcoin and other tokens gave back months worth of gains. Bitcoin has fallen … Read more
Arthur Hayes says the most important macro variable is the Japanese yen. The BitMEX co-founder predicted the US would print more money in response to a strengthening yen. Many believe that money printing drives up crypto prices. Global capital markets started the week in the red and crypto prices fell the most since 2022. US … Read more