Hong Kong’s stock exchange saw a total of US$2.6 billion raised in the firs six months of this year, lifting otherwise moribund sentiment in mainland markets.
Nansen report suggests that one-way bullish bets and numerous levels of hypothecation of cryptocurrencies used in decentralized finance led to the contagion from the fallout of TerraUSD and Luna.
Bets on higher inflation are waning against a backdrop of dour economic data.
Grayscale Investment enlists the help of Jane Street and Vertu in its bid to convert its Grayscale Bitcoin Trust product into a spot-backed ETF.
A massive US$3 trillion household and corporate cash hoard in the U.S. is threatening to complicate U.S. Federal Reserve measures to use interest rates to rein in inflation.
Goldman Sachs (-0.43%) downgrades cryptocurrency exchange Coinbase Global (-8.54%) to sell, but average analyst sentiment suggests that shares in the exchange could more than double regardless.
Asian central banks are cleaning out their coffers to shore up their currencies as a soaring dollar erodes the purchasing power of their currencies.
Investors betting on listed cryptocurrency firms have been more heavily exposed to volatility as business and commercial risk is lumped onto companies dealing in already volatile assets
The Bank of International Settlements warns that policymakers are at risk of pushing the global economy into stagflation, marked by high inflation and low growth.
Bitcoin miners are traditionally “hodlers” who only sell the cryptocurrency when needed, but persistently low prices and leveraged miners are being pressured to sell to make ends meet.