How the Bank of Japan's Policy Shift Crashed Crypto Markets and the Yen Carry Trade
Discover how the Bank of Japan's recent interest rate hike triggered a massive sell-off in the crypto markets, affecting Bitcoin and Ethereum prices significantly.
The recent turmoil in the crypto market, which saw a staggering 15% drop in value over a single weekend, can be largely attributed to the Bank of Japan’s unexpected policy shift. On August 5, crypto experienced one of its worst days in years, highlighting how traders’ addiction to leverage and the Japanese yen's sudden rise played crucial roles in the market's collapse.
Discover how the Bank of Japan's recent interest rate hike triggered a massive sell-off in the crypto markets, affecting Bitcoin and Ethereum prices significantly.
The recent turmoil in the crypto market, which saw a staggering 15% drop in value over a single weekend, can be largely attributed to the Bank of Japan’s unexpected policy shift. On August 5, crypto experienced one of its worst days in years, highlighting how traders’ addiction to leverage and the Japanese yen's sudden rise played crucial roles in the market's collapse.
🚨MEWS FLASH:
Xapo Bank becomes the first 🇬🇧 UK bank to offer interest on #Bitcoin, thanks to approval from UK and Gibraltar regulators under the passport program.
Xapo Bank becomes the first 🇬🇧 UK bank to offer interest on #Bitcoin, thanks to approval from UK and Gibraltar regulators under the passport program.
🚨MEWS FLASH:
#Bitcoin’s 30-day MVRV Ratio has hit its lowest point since the FTX collapse in November 2022.
#Bitcoin’s 30-day MVRV Ratio has hit its lowest point since the FTX collapse in November 2022.
CoinDCX Launches Crypto Investors Protection Fund to Secure Indian Crypto Users
CoinDCX introduces the Crypto Investors Protection Fund to enhance security for Indian crypto users by allocating 2% of its brokerage income annually to safeguard assets.
In a significant move to bolster user security in the Indian crypto market, CoinDCX, one of India's premier cryptocurrency exchanges, has unveiled the Crypto Investors Protection Fund (CIPF). This fund is designed to provide compensation for users in rare scenarios involving security breaches or other adverse events, with an initial allocation of 50 crore rupees (approximately $595,800).
Read the entire article below ⬇️
#Crypto #mews #NEWS #decentralized #memecoins #BITCOIN
CoinDCX introduces the Crypto Investors Protection Fund to enhance security for Indian crypto users by allocating 2% of its brokerage income annually to safeguard assets.
In a significant move to bolster user security in the Indian crypto market, CoinDCX, one of India's premier cryptocurrency exchanges, has unveiled the Crypto Investors Protection Fund (CIPF). This fund is designed to provide compensation for users in rare scenarios involving security breaches or other adverse events, with an initial allocation of 50 crore rupees (approximately $595,800).
Read the entire article below ⬇️
#Crypto #mews #NEWS #decentralized #memecoins #BITCOIN
Bitcoin Whales Accumulate $23B Amid Market Slump, Signaling Potential Bull Run
Bitcoin whales have accumulated nearly $23 billion in the past month, suggesting a potential bull run. Are institutional investors and long-term holders preparing for a rally?
In the past 30 days, Bitcoin whales have quietly accumulated nearly $23 billion worth of the cryptocurrency, according to on-chain data. This substantial accumulation amidst a market slump has led many to speculate about the potential for a significant price rally soon. CryptoQuant founder Ki Young Ju has highlighted this trend, suggesting that major institutional players might soon announce their Bitcoin acquisitions.
Read the entire article below ⬇️
#Crypto #mews #NEWS #decentralized #memecoins #BITCOIN
Bitcoin whales have accumulated nearly $23 billion in the past month, suggesting a potential bull run. Are institutional investors and long-term holders preparing for a rally?
In the past 30 days, Bitcoin whales have quietly accumulated nearly $23 billion worth of the cryptocurrency, according to on-chain data. This substantial accumulation amidst a market slump has led many to speculate about the potential for a significant price rally soon. CryptoQuant founder Ki Young Ju has highlighted this trend, suggesting that major institutional players might soon announce their Bitcoin acquisitions.
Read the entire article below ⬇️
#Crypto #mews #NEWS #decentralized #memecoins #BITCOIN
Binance Faces Red: Nearly All Tokens Listed in 2024 Suffer Losses
Binance struggles as nearly every token listed in 2024 is in the red, with the airdrop model contributing to sharp declines in value.
In a tough year for Binance, the cryptocurrency exchange has seen nearly all its 2024 token listings suffer significant losses. According to Coin98 Analytics, 29 out of 30 tokens listed this year are now in the red, with the airdrop model for token distributions contributing to the widespread declines.
Binance struggles as nearly every token listed in 2024 is in the red, with the airdrop model contributing to sharp declines in value.
In a tough year for Binance, the cryptocurrency exchange has seen nearly all its 2024 token listings suffer significant losses. According to Coin98 Analytics, 29 out of 30 tokens listed this year are now in the red, with the airdrop model for token distributions contributing to the widespread declines.
🚨MEWS FLASH:
Metaplanet is securing $70M to boost its #Bitcoin portfolio, with $58.76M earmarked specifically to counter currency depreciation.
Metaplanet is securing $70M to boost its #Bitcoin portfolio, with $58.76M earmarked specifically to counter currency depreciation.
Bitcoin Whale Transactions Surge as Prices Dip Amid Crypto Market Rout
Bitcoin whales rapidly accumulated BTC as prices dipped below $50,000, marking the highest transaction levels in 4 months amid a significant market downturn.
Bitcoin whales have been on a buying spree amid the recent crypto market downturn, accumulating significant amounts of BTC as prices fell below $50,000. Onchain analytics platform Santiment revealed that whale transactions hit their highest levels in four months, with significant activity on August 5 and 6 during the market rout dubbed "Crypto Black Monday."
Read the entire article below ⬇️
#Crypto #mews #NEWS #decentralized #memecoins #BITCOIN
Bitcoin whales rapidly accumulated BTC as prices dipped below $50,000, marking the highest transaction levels in 4 months amid a significant market downturn.
Bitcoin whales have been on a buying spree amid the recent crypto market downturn, accumulating significant amounts of BTC as prices fell below $50,000. Onchain analytics platform Santiment revealed that whale transactions hit their highest levels in four months, with significant activity on August 5 and 6 during the market rout dubbed "Crypto Black Monday."
Read the entire article below ⬇️
#Crypto #mews #NEWS #decentralized #memecoins #BITCOIN
XRP Soars 26% as Ripple Declares $125M SEC Settlement a Win
XRP surges 26% as Ripple celebrates a $125M SEC penalty as a victory, signaling a positive shift in the long-standing lawsuit and boosting investor confidence.
XRP has experienced a significant price surge of 26%, driven by recent developments in the Ripple vs. SEC case. With a $125 million penalty settlement, Ripple executives are hailing the outcome as a victory, suggesting a favorable resolution for the company and the broader crypto industry.
XRP surges 26% as Ripple celebrates a $125M SEC penalty as a victory, signaling a positive shift in the long-standing lawsuit and boosting investor confidence.
XRP has experienced a significant price surge of 26%, driven by recent developments in the Ripple vs. SEC case. With a $125 million penalty settlement, Ripple executives are hailing the outcome as a victory, suggesting a favorable resolution for the company and the broader crypto industry.
NYSE American Seeks SEC Approval to List Options on Three Ethereum ETFs
NYSE American seeks SEC approval to list options on three Ethereum ETFs from Grayscale and Bitwise, aiming to offer low-cost exposure and hedging tools for investors.
In a significant move for the cryptocurrency investment landscape, NYSE American has requested the SEC's approval to list and trade options for three Ethereum ETFs managed by Grayscale and Bitwise. This proposal aims to provide investors with low-cost tools for gaining additional exposure to Ethereum and effective hedging mechanisms.
NYSE American seeks SEC approval to list options on three Ethereum ETFs from Grayscale and Bitwise, aiming to offer low-cost exposure and hedging tools for investors.
In a significant move for the cryptocurrency investment landscape, NYSE American has requested the SEC's approval to list and trade options for three Ethereum ETFs managed by Grayscale and Bitwise. This proposal aims to provide investors with low-cost tools for gaining additional exposure to Ethereum and effective hedging mechanisms.