First Mover Americas: Bitcoin Pulls Back Before Probable Fed Rate Cut
The latest price moves in crypto markets in context for Sept. 16, 2024.
News
SEC Places Heavier Scrutiny on Binance's Token Listing, Trading Process in Proposed Amended Complaint
The SEC filed its proposed amended complaint against Binance on Thursday with a greater emphasis on the exchange's token listing process.
Crypto Broker DeltaPrime Drained of Over $6M Amid Apparent Private Key Leak
The project is offered on both Arbitrum and Avalanche blockchains. Monday’s exploit impacted only the version on Arbitrum as of European morning hours.
Bitcoin Slips to $58K as Fed Faces Split Rate Cut Expectations
"Rarely has the market gone into the Fed meeting with maximum uncertainty (halfway between 25bps and 50bps)," Marc Chandler, chief market strategist at Bannockburn Global For...
Fed Rate-Cut Anticipation Weighs on Crypto Markets as Week Kicks Off
PLUS: Sony’s Soneium blockchain is growing, with Circle announcing that USDC will be listed on the chain.
Public Bitcoin Miners Are Taking Over—But Their Stock Keeps Dropping
The largest Bitcoin mining companies are steadily claiming greater dominance over Bitcoin’s network security, even though their stock performance this year might not suggest such success. JP Morgan analysts summed up the current state of the market in their “September ’24 Bitcoin Mining Halftime Report" published Monday, noting that publicly listed U.S. mining companies saw their piece of the network hash rate pie expand for the fifth straight month—to a record 26.7%. Hash rate measures the pace...
Bitcoin ETFs Bounce Back in a Big Way as Investors Expect Rate Cuts
Money flowed back into Bitcoin exchange-traded funds (ETFs) and other crypto investment vehicles last week—just in time for the Federal Reserve’s key meeting tomorrow. Data from Jersey-based digital asset manager CoinShares showed on Monday that a total of $436 million hit funds that give exposure to cryptocurrencies. This came after a period of outflows where investors cashed out $1.2 billion in a bearish trend, including $726 million the week before last. Most of that money that flowed in las...