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Grayscale sheds 1539 BTC while 9 other ETFs collectively reduce 214 BTC
Grayscale sheds 1539 BTC while 9 other ETFs collectively reduce 214 BTC

Share link:In this post: 9 Bitcoin ETFs collectively decreased their holdings by 214 BTC. Grayscale reduced its net holdings by 1,539 BTC on June 26. Grayscale’s research indicates that AI has become a dominant theme over ETFs.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any inv

Cryptopolitan·2024/06/27 17:10
All major US banks deemed resilient against severe recession
All major US banks deemed resilient against severe recession

Share link:In this post: All 31 major US banks passed the Federal Reserve’s stress tests, showing they can handle a severe recession. Banks could lose nearly $685 billion but still meet regulatory standards. Stress tests measured the impact of a 40% drop in commercial real estate prices and a 36% fall in house prices.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend

Cryptopolitan·2024/06/27 17:10
Crypto pundits doubt Solana ETF will find approval any time soon — at least under this administration
Crypto pundits doubt Solana ETF will find approval any time soon — at least under this administration

Legal experts say VanEck’s Solana ETF filing will face many hurdles seen by previous attempts to list Bitcoin and Ethereum ETFs, including potential market surveillance and manipulation concerns.Many also say such funds are inevitable — though it may require a change of leadership at the SEC.A lack of a futures market for Solana and the SEC’s opinion that the asset is a security are also likely roadblocks.

The Block·2024/06/27 16:22
VanEck: Why did we apply for the SOL ETF?
VanEck: Why did we apply for the SOL ETF?

BlockBeats·2024/06/27 15:25
Security concerns found in Ethereum L2 solution Blast: Resonance Security
Security concerns found in Ethereum L2 solution Blast: Resonance Security

Share link:In this post: Resonance Security reports security concerns in Ethereum L2 solution, Blast. Blast’s reliance on Lido and MakerDAO opens it up to the possibility of security breaches. Resonance advises projects to vet third-party providers or develop in-house solutions for better security control.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent

Cryptopolitan·2024/06/27 14:55
Flash
07:25
Bank Indonesia: Liquidity incentive program provided an additional 418.1 trillion Indonesian Rupiah in liquidity as of the first week of June
Bank Indonesia: As of the first week of June, the liquidity incentive program has provided an additional 418.1 trillion rupiah in liquidity
07:23
Data: The Federal Reserve maintains a hawkish pause, bitcoin falls below $64,000, gold rebounds and strengthens
ChainCatcher reports that CryptoQuant analyst Axel Adler Jr. stated that the Federal Reserve has kept the federal funds rate unchanged in the 3.5% - 3.75% range, but the dot plot delivered a hawkish signal, weakening support for risk assets. As a result, Bitcoin fell about 4% from around $66,400 and broke below $64,000, with no significant dip-buying observed for now; meanwhile, gold quickly rebounded above $4,300 after a decline.
07:15
Analysis: The continued flattening of the US Treasury yield curve releases a hawkish signal, which may suppress the short-term rebound space for bitcoin.
Odaily reports that the bond market is sending more hawkish interest rate signals, which may continue to suppress risk assets such as Bitcoin. Currently, the yield spread between the US 2-year and 10-year government bonds has narrowed to about 28 basis points, reaching its flattest level since April 2025, indicating a significantly flattened yield curve. This change is typically seen as a sign of tighter monetary policy or heightened market expectations of “higher rates for longer.” Skanda Amarnath, Executive Director of the policy research institution EmployAmerica, pointed out that this flattening trend is “one of the clearest market signals that the Federal Reserve has become more hawkish.” In a more hawkish rate environment, the market expects interest rates to remain high for a longer period, thereby increasing the appeal of fixed-income assets and weakening the allocation demand for non-yielding assets such as Bitcoin. Besides the 10-year and 2-year yield spread, the 30-year and 5-year government bond yield spread has also fallen to its lowest level since April last year, further reinforcing the overall flattening trend of the yield curve. Market participants believe this change forms a clear reversal from the “steepening curve and betting on rate cuts” environment seen at the start of this year. In the latest round of policy signals, the Federal Reserve kept rates unchanged, but its dot plot showed a more upward trajectory for future rates than previously forecast, with the median rate expectation shifting higher overall—reinforcing expectations of “higher rates for longer.” Analysis suggests that if the high-interest-rate environment persists, it may be difficult for risk assets such as Bitcoin to form a strong upward trend in the short term. The market may enter a phase of volatile pressure, overlapping with some halving cycle-based bottom timing expectations. (CoinDesk)
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