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Trump Jr. to launch DeFi platform, $510B sell-off wipes 2024 crypto gains: Finance Redefined
Cointelegraph·2024/08/09 19:10

Bitcoin Jumps Past $6,000 As Decoupling from Stocks And Gold Looms
Insidebitcoin·2024/08/09 17:17
Price analysis 8/9: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
Cointelegraph·2024/08/09 16:29

Ripple SEC Settlement Confirmed: $125M Fine Due Within 30 Days
Coinedition·2024/08/09 16:00

Crypto Token Unlocks August 2024: Market Impact and Forecast
Coinedition·2024/08/09 16:00

Ethereum Price Slides as $870M in Withdrawals Loom
Coinedition·2024/08/09 16:00

Is Bitcoin Price Struggling to Break $60K Resistance After Recent Dip?
Newscrypto·2024/08/09 16:00

Ripple Price Analysis: Here’s What You Need to Know About XRP’s Next Move
Cryptopotato·2024/08/09 16:00

Bitcoin and crypto markets: What a week It’s been!
Share link:In this post: Bitcoin, Ethereum, and Solana took a beating this week, with their biggest drops since 2022. The market was on a high in July, but momentum traders started pulling back, signaling potential trouble. After a wild sell-off, traders quickly jumped back in to buy the dip as liquidations slowed down.
Cryptopolitan·2024/08/09 16:00

Weekly ETF Recap: Here’s What Kind of Action the Bitcoin, Ethereum ETFs Saw
The spot Bitcoin ETFs were in the red in four of the past six days.
Cryptopotato·2024/08/09 16:00
Flash
08:56
Plasma One now supports withdrawals in US Dollar, Euro, Mexican Peso, and Brazilian Real.Foresight News reported that the stablecoin-native bank card launched by Plasma now supports withdrawals in US dollars, euros, Mexican pesos, and Brazilian reais. Users can directly withdraw cryptocurrencies from their accounts as the above-mentioned fiat currencies to their corresponding bank accounts.
08:55
AI bubble concerns rise as Japanese stock market saw capital outflows last weekGlonghui June 4th – According to data from Japan Exchange Group, as of the week ending May 29, overseas investors were net sellers of approximately 395 billion yen (about $2.5 billion) in Japanese stocks, ending eight consecutive weeks of net buying. This sell-off occurred as the Nikkei 225, dominated by technology stocks, surpassed the 65,000-point mark for the first time, mainly driven by artificial intelligence-related stocks such as SoftBank, Kioxia, and Murata Manufacturing. The rapid rise of the Nikkei Index has sparked concerns among some market participants about overheating, prompting them to take profits. Pelham Smithers, Managing Director of UK equity research firm Pelham Smithers Associates, said: “More and more people believe that artificial intelligence is developing into a bubble. We estimate that by 2026, about 70% of the gains in the Japanese stock market will be contributed by AI-related stocks.” He noted that as caution increases, some global investors “hope to exit Japan and shift funds to markets such as Europe, where the AI component is less pronounced.”
08:54
Global central banks resumed net gold purchases in April, with the People's Bank of China increasing its holdings for 18 consecutive monthsBlockBeats News, June 4 — The latest report from the World Gold Council shows that, after a significant net sale of gold in March, global central banks returned to net purchases in April, increasing their holdings by a total of 17 tonnes of gold that month. However, the overall gold buying scale remains lower than the same period last year. Among them, Poland ranked first globally with a gold purchase of 14 tonnes, bringing its cumulative increase this year to 45 tonnes and total gold reserves to 595 tonnes. In April, the People's Bank of China added 8 tonnes of gold, marking the largest monthly increase since December 2023, raising its gold reserves to 2,322 tonnes and achieving an increase for 18 consecutive months. The Czech National Bank increased its gold holdings for the 38th consecutive month, with an addition of 2 tonnes in April. Meanwhile, the Central Bank of Russia continued its trend of reducing gold holdings, with a net sale of 6 tonnes in April. The total scale of gold sold this year has reached 22 tonnes, marking the fourth consecutive month of net sales. Uzbekistan slightly reduced its holdings by 1 tonne in April, but its cumulative increase this year remains at 24 tonnes, with gold making up as much as 88% of its foreign exchange reserves. The World Gold Council noted that central banks in Eastern Europe and Asia remain the main players in official global gold purchases. Over the past 36 months, these two regions averaged monthly gold purchases of 12 tonnes and 11 tonnes respectively, continuously supporting global gold demand. A 2025 survey shows that 95% of responding central banks expect global official gold reserves to continue growing over the next year, with 43% planning to further increase their gold holdings, up from 29% last year.
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