Category: Latest news

[ad_1] Yuga Labs, the company behind the Bored Ape Yacht Club, said the eye and skin complaints raised by ApeFest attendees were caused by “UV-A emitting lights installed in one corner of the event,” according to a Nov. 9 statement. It wrote: “[Our] comprehensive investigation, undertaken in collaboration with Jack Morton Worldwide, the global brand…

[ad_1] Quick Take The Grayscale Bitcoin Trust (GBTC) is riding a surge of growth in 2023, with its value climbing by over 239% since January. Concurrently, the discount to its Net Asset Value (NAV) is contracting, currently standing at 13.6% – among the year’s lowest. These market dynamics suggest an anticipation of the approval of…

[ad_1] Quick Take Bitcoin futures open interest has witnessed a considerable surge, marking a positive shift in the cryptocurrency market. Data from Coinglass reveals a 9% increase in the past 24 hours alone, showcasing a soaring interest in Bitcoin trading contracts. This equates to 488,000 Bitcoin in open interest contracts or a notional value of…

[ad_1] Quick Take Bitcoin surged over 4% in the past five days and hit a new year-to-date high at $36,800 on Nov. 9. This climb towards $37,000 shows a steady increase in investor confidence in Bitcoin, even as the broader market faces volatility. Nevertheless, the crypto industry isn’t without its share of turbulence. Over the…

[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…

[ad_1] XRP‘s market capitalization increased by over $2 billion during the past day following news that Ripple expanded its global payments network into three new corridors. Data from CryptoSlate shows that XRP’s market cap rose to as high as $37.44 billion today, Nov. 8, from the $35.32 billion recorded on Nov. 7. Ripple launches new…

[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…

[ad_1] Efforts to revive FTX are drawing near a close with three possible buyers, according to reports from the Wall Street Journal on Nov. 8. That report indicates that former New York Stock Exchange (NYSE) president Tom Farley could buy FTX through his crypto exchange, Bullish. The crypto VC firm Proof Group and the fintech…

[ad_1] Rep. Tom Emmer (R-MN) sharply criticized Securities and Exchange Commission (SEC) Chair Gary Gensler in a speech on the House floor that condemned the agency’s approach to regulating digital assets. Emmer said Gensler had “proven himself to be ineffective and incompetent” through his aggressive enforcement actions while stressing that regulation was the preview of…

[ad_1] Options are pivotal in gauging market expectations, allowing traders to secure the right to buy (call options) or sell (put options) Bitcoin at a predetermined price. The open interest – the sum of all active option contracts – and the ratio between puts and calls can reflect the market’s sentiment and conviction. At the…