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Bitcoin and U.S. Real Yield Notch Strongest Inverse Correlation in Four Months
Bitcoin (BTC) and the U.S. inflation-adjusted bond yield are again moving in opposite directions, exhibiting the strongest negative correlation in four months. Bitcoin fell over 10% last week as the yield on the 10-year inflation-indexed security rose to the highest since 2009. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
NFT Platform Recur to Wind Down Due to 'Unforeseen Challenges' in Business Landscape
NFT startup Recur announced plans to shut down its Web3 platform due to "unforeseen challenges and shifts in the business landscape," according to a recent post on X (formerly Twitter). This comes after Recur had a $50 million Series A funding round back in 2021. "The Hash" panel weighs in on the state of NFT markets as the crypto winter drags on.
Billionaire Investor Mark Cuban Says OpenSea Making NFT Creator Fees Optional Is a 'Huge Mistake'
NFT marketplace OpenSea plans to "sunset the OpenSea operator filter" and "move to optional creator fees on all secondary sales for new collections," according to a recent post on X (formerly Twitter). Billionaire investor Mark Cuban called the move a "huge mistake" as an OpenSea investor. "The Hash" panel shares their reactions and what this could mean for Web3 creators.
Why Did Ethereum Co-Founder Vitalik Buterin Send $1M Worth of Ether to Coinbase?
Data from Ethereum blockchain scanning website etherscan shows that Vitalik Buterin deposited 600 ether (ETH), which is worth roughly $1 million, to crypto exchange Coinbase. "The Hash" panel discusses the potential reasons behind the Ethereum co-founder's recent transaction.
Friend.tech Interest Grows as Social Platform Gains 100K Users in Days
Friend.tech, which lets X (formerly Twitter) personalities issue shares on its app for access to a closed group chat, has made over $1.04 million in fees, set at 5% of the value of each transaction over the past 24 hours. "The Hash" panel discusses the increasing interest in the social tokenization protocol as NBA player Grayson Allen and a FaZe Clan co-founder join the platform.
Bitwise CIO Expects to See an Ether Futures ETF Decision Before One on Spot Bitcoin
Matt Hougan, Bitwise Asset Management Chief Investment Officer, discusses his outlook on the possible timeline for an ether futures ETF getting approved in the U.S., along with the evolving dynamics in the crypto ETF space. "I think we will see a decision on ETH futures before we will see a decision on spot bitcoin," Hougan said.
FTX Debtors Change Settlement Proposal After Objection From U.S. Trustee
Bankrupt crypto exchange FTX has revised its motion for settlement after the U.S. Trustee objected to an earlier motion, according to a court filing. CoinDesk's global policy and regulation managing editor Nikhilesh De breaks down the new proposal. Plus, the latest on Sam Bankman-Fried's case as the disgraced FTX founder asks to be released from jail five days a week for legal defense work.
HBAR Jumps 16% in Past Two Weeks on FedNow Addition of Hedera-Based Dropp
Hedera Hashgraph’s HBAR token has surged nearly 16% in the last two weeks, according to CoinGecko. This comes after the U.S. Federal Reserve's instant payments platform FedNow listed Hedera-powered micropayments platform "Dropp" as a service provider. Dropp CEO Sushil Prabhu shares insights into the project and its mission. "It really is a major step in the direction to offer instant payments to every consumer in this country, and globally, everywhere else," Prabhu said.
Federal Reserve's Bias for 'More Tightening' Could Put Pressure on Bitcoin: Strategist
Bitcoin appears to be stabilizing around $26,000, after last week's decline took the largest cryptocurrency by market cap to as low as roughly $25,500 from $29,000. Opimas LLC CEO and founder Octavio Marenzi discusses the potential macro factors driving bitcoin's price lower. Plus, Marenzi's outlook on ether futures ETF in the U.S.
Crypto ETF 'Logjam Is Breaking Up' as SEC Seems Poised to Approve Ether Futures ETFs: Bitwise CIO
Securities regulators are likely to approve ether (ETH) futures ETFs for trading in the U.S, according to Bloomberg. Bitwise Asset Management Chief Investment Officer Matt Hougan discusses his take on the state of the ether futures ETF race and the implications for the broader crypto industry.
