Investing
Bitcoin Circles Above $29.5K as Investors Weigh Sluggish GDP, Latest Banking Woes
BTC dipped slightly during U.S. morning trading Thursday on the Commerce Department reporting a tepid gain in GDP for the first quarter and disappointing personal consumption data, before rebounding.
Bitcoin Regains $28K Amid Mildly Encouraging Tech Earnings, Liquidation of Short Positions
BTC rose Tuesday afternoon as Alphabet and Microsoft first-quarter earnings surpassed expectations. Both equities and Treasury yields were down on Tuesday, however.
Ethereum Shanghai Upgrade Brings Record Inflow of 572K ETH Staked in a Week
The influx into ETH staking was mainly driven by deposits from institutional staking platforms and reinvesting rewards, crypto analysts said.
Bitcoin Drops to $27.3K, Ether Edges Toward $1.8K Amid Investors' Interest Rate Concerns
BTC’s recent price drop can be interpreted as “a period of consolidation and a healthy correction after an explosive move upwards past $30,000 over the last several months,” one analyst says.
Ethereum’s Shanghai Upgrade Spurs Institutional Investment Into Staking
The largest staking platforms for institutional investors recorded three times more new deposits than last month, early data shows.
Bitcoin Tumbles Below $28K on Coinbase
BTC’s price dipped to its lowest level since April 9. Ether also declined, albeit less severely.
Credit Agency Giant TransUnion Will Deliver Credit Scores for Crypto Lending
TransUnion, one of the largest credit agencies in the U.S., will off-chain credit scores for blockchain-based loan applications in a way that maintains the privacy of consumers.
Crypto Lender Maple Finance Opens U.S. Treasury Bill Pool for Cash Management
Maple’s new lending pool offers accredited investors, crypto firms and DAO treasuries a way to earn yield on their idle stablecoins by investing in one-month U.S. Treasury bills.
Bitcoin Hovers Near $29.3K After Binance Sell Order, UK Inflation Data
BTC fell as low as $29,045 earlier Wednesday. ETH dropped below $2,000 for the first time in almost a week.
Ethereum Shanghai Upgrade Leads to Huge Influx of ETH at Exchanges
Ethereum’s seamless implementation of withdrawals, also known as the Shanghai upgrade, on April 12 led ETH’s price to rally above $2,100, its highest level since May 2022.
