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2 days ago | 
dlnews.com | Pedro Solimano
Bitcoin exchange-traded funds have grown for 10 straight days. It’s the seventh longest streak since their debut last year. ETF Investors have largely ignored the conflict in the Middle East. Missiles are flying. Markets are jittery. Bitcoin ETFs? Still stacking. As tensions flared between Israel, Iran, and the US over the past two weeks, Bitcoin exchange-traded funds notched 10 consecutive days of inflows, according to data from Ecoinometrics. That’s not a record-breaking streak.
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3 days ago | 
dlnews.com | Pedro Solimano
Research firm Bernstein predicts shares will trade at $510. Investors are misunderstanding the company’s business, it argued. The crypto exchange is primed to benefit from friendlier regulations. Wall Street fails to recognise Coinbase’s potential. In a note to investors on Wednesday, analysts from wealth manager Bernstein made that argument, saying that Coinbase is the “most misunderstood” company in crypto and that it’s primed for a hefty stock surge. What’s the misunderstanding?
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3 days ago | 
dlnews.com | Pedro Solimano
Bitcoin mining difficulty will fall by about 9%, the largest drop since China’s 2021 ban. Lower difficulty means higher revenue for miners. Bitcoin miners have been flailing for a while. Relief is coming for Bitcoin miners. Bitcoin’s hashrate — a measure of the raw computing power securing the network — is on track for a major difficulty adjustment. Estimates point to a drop of around 9% by June 29.
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4 days ago | 
dlnews.com | Pedro Solimano
BNB joins Bitcoin, Ether, and Solana in corporate treasuries. The firm plans to hold about 10% of Binance’s native token. It’s the latest twist in the crypto corporate treasury playbook. First it was Bitcoin. Then XRP and Solana, and Ethereum. Now throw Binance’s BNB token into the mix. On Tuesday, Nano Labs, a Chinese chip maker, released a $1 billion plan to turn BNB into a treasury asset for the company.
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1 week ago | 
dlnews.com | Pedro Solimano
One Fed official said rate cuts could come “as early as July.”Cryptocurrencies perform well in low interest rate environments. Tensions in the Middle East dampen the mood. Federal Reserve governor Christopher Wallace just flashed a bullish signal for Bitcoin. On Friday, he said that inflation isn’t flaring up the way people feared, which means the US central bank should “move now, don’t wait” to cut interest rates.
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1 week ago | 
dlnews.com | Pedro Solimano
Bitcoin and Ethereum trade sideways. The crypto market has lost about $66 billion in the past 24 hours. Tensions in the Middle East have traders on their toes. Bitcoin and Ethereum are holding steady after plunging earlier this week — but traders aren’t breathing easy just yet. Since the conflict between Israel and Iran erupted on June 3, Bitcoin has dropped 3% to about $104,000, while Ethereum has shed nearly 10%, falling to $2,500.
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1 week ago | 
dlnews.com | Pedro Solimano
XRP options traders are betting on a price drop. Bears outweigh bulls in the past 24 hours. Middle East tensions loom. XRP traders are hedging their bets, wagering that the conflict in the Middle East will push prices down further. Over the past 24 hours, investors on derivatives exchange Deribit have piled into bets that the Ripple-linked cryptocurrency will fall about 5% as tension between Iran and Israel is rattling markets.
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1 week ago | 
dlnews.com | Pedro Solimano
Bitcoin has shed 4% since the Israel-Iran conflict began. The entire crypto market lost almost $200 billion. An escalating conflict in the Middle East is souring prices. Geopolitical heat in the Middle East is melting crypto prices. Bitcoin has fallen 3% to about $105,000 since the conflict between Israel and Iran started on June 12, according to CoinGecko. Ethereum plunged 8% to around $2,500 and nearly $200 billion was erased from the crypto market in the past six days.
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1 week ago | 
dlnews.com | Pedro Solimano
Circle went public last week. The stock doubled in price the day of launch. Arthur Hayes said that stablecoin incumbents have already won. Don’t bother. That’s the message Maelstrom CIO Arthur Hayes offers startups looking for a slice of the $251 billion stablecoin market. Why? ‘Cause they lack distribution channels. “If a stablecoin issuer or tech provider cannot distribute through a crypto exchange, Web2 social media giant, or legacy bank, they have no business,” Hayes said in a Wednesday blog.
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2 weeks ago | 
dlnews.com | Pedro Solimano
Jim Chanos continues taking shots at Michael Saylor. Saylor is touting a new preferred stock scheme. Chanos has called it “complete financial gibberish.”Short seller Jim Chanos says anyone buying into Michael Saylor’s latest move must “be crazy.” He made the comments after Saylor touted Strategy’s new preferred stock scheme to fund its Bitcoin buying programme. “Who in their mind institutionally would buy these preferreds?” said Chanos on Wednesday in his latest salvo against the software company.
