Insights
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U.S. debt ceiling hike: A gateway to exponential borrowing
Quick Take After the U.S. government’s decision to suspend the debt limit till 2025, the national debt has swelled to…
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Fitch downgrades US credit rating, Bitcoin peaks to $30k in stable market
Quick Take Fitch’s recent downgrade of the United States’ credit rating from AAA to AA+ on Aug.1 has led to…
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Bitcoin whales in deep distribution mode as 15k BTC return to exchanges
Quick Take Over the past six days, a substantial sell-off in the Bitcoin market has been observed, attributed predominantly to…
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CME Bitcoin futures hit new highs as investor interest surges
Quick Take Data from The Block reveals that the Bitcoin futures trading volume and open interest on the Chicago Mercantile…
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Bitcoin holders resist exchanges as data points to potential price surge
“Recent data reveals a fascinating trend in the Bitcoin market, showing a growing divergence between deposit and withdrawal transactions at…
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NFT gas usage on Ethereum reaches 2-year low
The Ethereum network is experiencing a significant reduction in gas consumption by NFT marketplaces, dropping to levels recorded in June…
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Options implied volatility drops but market still expects turbulence
The implied volatility (IV) for Bitcoin options decreased significantly in July. The IV for Bitcoin options on Aug. 3 is…
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Coinbase sees more revenue from subscriptions, services than fees
Coinbase, the largest cryptocurrency exchange in the U.S., recorded more revenue from subscriptions and services than transaction fees in Q2…
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Bitcoin at $29,200 as unemployment rate drops to 3.5%
The jobs and unemployment report for July indicates that the labor market has begun to cool down, in line with…
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Bitcoin sees the second-highest number of new Inscriptions per day
A total of 400,000 new Ordinal Inscriptions were added to the Bitcoin blockchain on Aug. 7. According to data from…
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