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RWAs shouldn’t be for everyone
RWAs shouldn’t be for everyone

It’s not reasonable to expect someone who trades stocks on Robinhood to also have the ability to appropriately discern their risk with many RWAs

Blockworks·2024/02/15 23:40
Grayscale Bitcoin Trust’s (GBTC) Market Share Drops to 30%: Kaiko
Grayscale Bitcoin Trust’s (GBTC) Market Share Drops to 30%: Kaiko

After massive outflows, GBTC’s market share dropped to around 30% last week.

Cryptopotato·2024/02/15 22:55
Congressman Grills Treasury on Incorrect Reporting of Crypto Terror Financing
Congressman Grills Treasury on Incorrect Reporting of Crypto Terror Financing

Republican Congressman Tom Emmer has questioned the U.S. Department of Treasury Undersecretary about erroneous terrorism and financial intelligence reporting.

Cryptopotato·2024/02/15 22:55
Crypto money laundering activity down 29% from 2022: Chainalysis
Crypto money laundering activity down 29% from 2022: Chainalysis

Illicit addresses sent $22.2 billion worth of cryptocurrency in 2023, a 29.5% decrease from 2022, according to the latest report from Chainalysis

Blockworks·2024/02/15 22:15
Bitcoin is just 25% below its record high — but ‘layer-2’ Stacks is even closer
Bitcoin is just 25% below its record high — but ‘layer-2’ Stacks is even closer

DeFi on Bitcoin is all the rage right now and Stacks is positioned to benefit

Blockworks·2024/02/15 22:07
Gold ETFs Witness $2.4 Billion Outflows Amid Bitcoin ETF Surge
Gold ETFs Witness $2.4 Billion Outflows Amid Bitcoin ETF Surge

Analysts warn against viewing this as a broad move from gold to Bitcoin. Instead, they attribute it to FOMO in the U.S. equity market.

Cryptopotato·2024/02/15 21:07
Flash
10:19
Polymarket predicts a 36% probability on the event "Bitcoin drops to $55,000 in June."
BlockBeats News, June 10th, as Bitcoin briefly dropped below $61,000, the prediction on Polymarket for "Bitcoin dropping to $55,000 in June" had a 36% probability (4% on June 2nd). Furthermore, the probability of dropping to $50,000 was 16%, and the probability of rising to $65,000 was 57%.
10:00
"ETH Long" Buddy Faces Partial Liquidation Again, Cumulative Loss Reaches Nearly $35 Million
BlockBeats News, June 10th, according to Onchain Lens monitoring, as the market declined, "Big Brother Whale" Huang Li Cheng's 25x ETH long position was partially liquidated again. He also closed most of his position, and is currently facing a loss of approximately $35 million.
09:55
Tonight, ahead of the CPI data release, the probability of a Fed interest rate hike this year is 68.8%.
BlockBeats News, June 10th, according to CME's "FedWatch" data, the probability of a Fed rate hike within the year is 68.8% tonight before the announcement of the May CPI data in the United States. The probabilities are as follows: 43.1% for a cumulative 25 basis point hike, 21.2% for a cumulative 50 basis point hike, 4.2% for a cumulative 75 basis point hike, and 0.3% for a cumulative 100 basis point hike. The U.S. Bureau of Labor Statistics will announce the May CPI data tonight at 20:30. The market generally expects the May CPI to rise by 0.5% month-over-month, with a year-over-year growth rate of 4.2%. If this expectation is met, it will be the first time the U.S. CPI has returned to above 4% since May 2023, reaching the highest level since April 2023. As for the core CPI, the market expects a 0.3% month-over-month increase in May, with a year-over-year growth rate of 2.9%.
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