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Will the Fall in Bitcoin Continue? Analyst Referred to FTX Collapse, Shared His Expectations!

As the Bitcoin funding rate turns negative, Matrixport warned that more liquidations could be on the horizon before the Bitcoin price recovers.

Bitcoinsistemi·2024/08/05 16:15

JPMorgan Sees Buy-the-Dip Chance as Bitcoin Bounces Back to $54K

Newscrypto·2024/08/05 16:00

Bitcoin Price Drops, But Institutions Hold Strong

Coinedition·2024/08/05 16:00

The real reasons behind the global plunge: Is the end here for Japan?

Share link:In this post: Japan’s sudden interest rate hike has caused a major shake-up, forcing traders to close out their yen carry trades quickly. The fallout was swift and severe, with significant market corrections, especially in cryptocurrencies.

Cryptopolitan·2024/08/05 16:00

Yen carry trade to blame for global stock and crypto market meltdown

Share link:In this post: The Bank of Japan hiked interest rates, wrecking global stocks and the crypto market. Before the rate hike, the Bank of Japan issued cheap yen-denominated loans that amounted to trillions of dollars. Bitcoin and Ethereum fell 18% and 26%, respectively, in less than 24 hours.

Cryptopolitan·2024/08/05 16:00

Breaking: Minnesota Governor Tim Walz Selected As Kamala Harris’ VP Pick

Cryptonews·2024/08/05 16:00

High FDV, Low Circulating Supply Projects: Analyzing Market Potential and Risks

Coinedition·2024/08/05 16:00

Top Crypto Performers Today August 6 – Bittensor, Brett, Ondo

Cryptonews·2024/08/05 16:00

XRP token whales accumulate more tokens amid market price drop

Share link:In this post: Data indicates whales accumulated more XRP tokens amid the cryptocurrency market shakeup. WhaleAlerts pointed out increased XRP token accumulations as more whales show reluctance to sell. Market analysts think the accumulation could indicate market optimism that could ultimately lead to market gains.

Cryptopolitan·2024/08/05 16:00

Bitcoin long-term holders only sold $600K when it tumbled to $49K

Share link:In this post: Despite Bitcoin’s price drop below $50,000, long-term holders only sold a tiny $600,000, showing serious holding power. Newer investors panicked and moved over $5.2 billion in BTC in just an hour. Global economic jitters and disappointing U.S. job reports have ramped up market instability, affecting stocks and Bitcoin alike.

Cryptopolitan·2024/08/05 16:00

Flash

07:39

Masayoshi Son Loses Title of Asia's Richest, Personal Wealth Drops by $13.2 Billion in One Day

On June 4, Forbes' real-time billionaire rankings indicated that Masayoshi Son, founder and CEO of SoftBank Group, saw a 13% decrease in his personal wealth in a single day, with $13.2 billion evaporating from his net worth. His latest valuation has fallen to $87.1 billion, dropping him behind Indian billionaires Mukesh Ambani and Gautam Adani. Meanwhile, SoftBank Group's (SBG) stock price has plummeted over 18% in the past three days, currently standing at 7,377 yen, with a total market capitalization of approximately 42.14 trillion yen, having been surpassed by storage giant Kioxia, thus losing its position as 'Japan's most valuable company.'

07:31

Data: The current whale holdings on the Hyperliquid platform amount to $4.259 billions, with a long-short position ratio of 0.98.

ChainCatcher news, according to Coinglass data, whales on the Hyperliquid platform currently hold positions worth $4.259 billion, with long positions totaling $2.109 billion, accounting for 49.52% of holdings, and short positions totaling $2.15 billion, accounting for 50.48% of holdings. Long positions have a profit and loss of -$125 million, while short positions have a profit and loss of $77.739 million.

07:29

Behind India's IPO boom, multinational giants are cashing out billions of dollars

Glonghui, June 4 — India’s booming IPO market appears highly attractive, and a growing number of foreign companies are lining up to bring their Indian subsidiaries to the capital market. However, the main purpose of this IPO boom is not to raise funds to expand business in this fast-growing market, but rather to repatriate billions of dollars back to their parent company headquarters. According to data from Indian market research firm Prime Database, since 2024, out of six foreign-invested companies listed in Mumbai, only one raised new funds through its IPO. The remaining five all listed through a pure “Offer for Sale” (OFS) method. In an OFS, existing shareholders sell their shares to public investors, while the company itself receives no new funding as a result. This means that the funds raised from these IPOs do not flow into Indian business expansion but instead go directly into the pockets of the original shareholders selling the shares, and ultimately are remitted to their overseas headquarters. Data shows that the parent companies of multinational corporations with long-term investments in the Indian market have cashed out nearly $5 billion through such IPOs. Among them, Hyundai Motor Company and LG Electronics account for more than 80% of the total amount cashed out.

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