Crypto Biz: MicroStrategy’s Bitcoin bet swells

November 16, 2024 Coin Telegraph

This week’s Crypto Biz features MicroStrategy’s Bitcoin strategy, Coinbase’s and Kaiko’s recent acquisitions, MARA’s third-quarter earnings, and MoonPay’s new fiat gateway.

MicroStrategy is ramping up its Bitcoin (BTC) reserve strategy. On Nov. 11, the company disclosed another large purchase of the cryptocurrency, adding 27,200 BTC to its treasury for about $2.03 billion in cash.

According to the firm, the coins were purchased between Oct. 31 and Nov. 10, with an average cost of $74,463 per BTC, including fees and expenses.

The company remains by far the largest corporate holder of Bitcoin, followed only by major mining firms. According to the “Saylor Tracker,” named after the firm’s founder and chairman, Michael Saylor, MicroStrategy now holds 279,420 BTC, worth $24.9 billion as the coin price hovers around $89,000.

<div>Bitcoin 'wild' odds see 85% chance of BTC price above 0K by New Year</div>

Bitcoin ‘wild’ odds see 85% chance of BTC price above $100K by New Year

China’s lockdown censorship inspired Ethereum ‘based rollup’ Taiko

November 15, 2024 Coin Telegraph

Blockchain

Taiko Labs co-founder Daniel Wang first wanted to make an “unstoppable” social network and found his way to an Ethereum “based rollup” in the process.

At the height of the COVID-19 pandemic, China plunged its economic capital, Shanghai, into a two-month lockdown in an attempt to outlast the virus — but it also wanted to eradicate any dissent regarding its zero-COVID policies, sparking one of Ethereum’s so-called “based rollups.”

“I lived in my apartment in the Shanghai COVID shutdown. I lived in my small apartment for almost three months without going out once,” Daniel Wang, co-founder and CEO of Taiko Labs — creator of the Ethereum layer 2 based rollup Taiko — told Cointelegraph at DevCon in Bangkok.

“I felt like I wanted to say things in China, but it’s not allowed. So my first idea is to build a decentralized publishing network,” he said.

Bitcoin ‘wild’ odds see 85% chance of BTC price above $100K by New Year

Bitcoin risks ‘sharp weekend price swings’ as ETFs suck up liquidity

August 13, 2024 Coin Telegraph

Analysis

Bitcoin trading volume and liquidity are concentrated on weekdays due in part to ETFs and could cause more wild price swings on the weekend.

Bitcoin has become more susceptible to wild weekend volatility since the launch of spot Bitcoin exchange-traded funds (ETF) in the United States, according to Kaiko Research.

In an Aug. 12 report, Kaiko’s crypto analysts noted Bitcoin’s liquidity has become more concentrated on weekdays, particularly in BTC/US dollar markets.

It noted that weekend trading volatility has generally declined since 2021 and has previously reported that Bitcoin’s weekend trading volumes have dropped as institutional and ETF activity has grown.

Bitcoin ‘wild’ odds see 85% chance of BTC price above $100K by New Year

Demand for XRP on Crypto Exchanges Rebounds to Pre-Lawsuit Levels: Kaiko Analytics

August 5, 2024 The Daily Hodl

crypto exchange

Demand for XRP is bouncing back on digital asset exchanges, according to crypto analytics firm Kaiko. After a long, drawn-out lawsuit with the U.S. Securities and Exchange Commission (SEC) that ultimately ended in the ruling that XRP sold on exchanges does not constitute a security, Kaiko says demand for XRP is back. “Since last year’s […]

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Bitcoin ‘wild’ odds see 85% chance of BTC price above $100K by New Year

Trade Volume in US Bitcoin (BTC) Markets Picking Up, According to Analytics Firm Kaiko

August 1, 2024 The Daily Hodl

Bitcoin

Liquidity across crypto exchanges has surged this year, according to the digital asset analytics firm Kaiko. Kaiko notes in a new analysis that an increase in trading volume and improving sentiment drove that jump in liquidity, which has been particularly prevalent for Bitcoin (BTC) markets in the US. “The approval of spot BTC ETFs in […]

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Bitcoin ‘wild’ odds see 85% chance of BTC price above $100K by New Year

Circle Developers Build Wallet Platform That Supports Email and Social-Based Logins

July 24, 2024 The Daily Hodl

Altcoins

The team behind the second-largest stablecoin by market cap is building a crypto wallet platform that supports email and social media-based logins. In a new announcement on the social media platform X, developers at USDC issuer Circle say their latest product would allow users to authorize crypto transactions via email, social log-ins, or PIN codes. […]

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Bitcoin ‘wild’ odds see 85% chance of BTC price above $100K by New Year

Under-the-Radar Crypto Exchange Challenging Coinbase’s Dominance in US, According to Kaiko Research

July 24, 2024 The Daily Hodl

Bitcoin

Coinbase’s market leadership in the US is under threat, according to crypto market data analytics firm Kaiko Research. In a new report, Kaiko Research says that the US crypto exchange landscape has undergone a “shift” with a relatively new entrant Bullish managing to garner increased market share to the point of gaining an advantage over […]

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Bitcoin ‘wild’ odds see 85% chance of BTC price above $100K by New Year

Ethereum price will be ‘sensitive’ to ETF inflows in the coming days: Kaiko

July 23, 2024 Coin Telegraph

Coin Telegraph

Another firm estimates that Ether’s price will rise no more than 24% by the end of the year due to underwhelming demand for the spot ETH products.

The price of Ether will likely be “sensitive” to spot Ether ETF inflows in the coming days, as investors will remember lackluster demand for ETH futures products late last year, says crypto analytics firm Kaiko.

“The launch of the futures-based ETH ETFs in the US late last year was met with underwhelming demand, all eyes are on the spot ETFs’ launch with high hopes on quick asset accumulation,” said Kaiko’s head of indices Will Cai in a July 22 market report.

Several spot Ether (ETH) ETFs received their final approval on July 22 and are now set to go live trading on July 23.

Bitcoin ‘wild’ odds see 85% chance of BTC price above $100K by New Year

Ethereum Primed To Outperform Bitcoin Following Launch of Spot ETH ETFs: Kaiko Analytics

July 16, 2024 The Daily Hodl

Daily Hodl

Ethereum is likely gearing up to outrun Bitcoin (BTC) after the launch of spot ETH exchange-traded funds (ETFs), according to analytics firm Kaiko. In a new report, Kaiko says the “mood in crypto markets is much changed” since May when the U.S. Securities and Exchange Commission (SEC) approved spot Ethereum ETFs. “The mood in crypto […]

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Bitcoin ‘wild’ odds see 85% chance of BTC price above $100K by New Year

Bybit Rises to Second Place in Global Crypto Exchange Rankings, Kaiko Report Reveals

June 25, 2024 Bitcoin.com

Binance

According to a recent report by Kaiko, Bybit has surged to become the world’s second-largest cryptocurrency exchange by volume, overtaking Coinbase and closely trailing Binance. This climb is attributed to significant increases in market share following the launch of spot bitcoin exchange-traded funds (ETFs) in the United States. Bybit Climbs Crypto Exchange Ladder The report […]

Kaiko

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