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Cointelegraph covers Fintech, Blockchain and Bitcoin bringing you the latest news and analyses on the future of money. For advertising enquiries please contact advertise@cointelegraph.com
🇯🇵 Japanese stock market rebounds following yesterday’s bloodbath that saw biggest daily losses since 1987.
Key indexes the Nikkei 225 and TOPIX have gained around 10.2% and 9.3% each, clawing back a large chunk of the losses from the day before.🔥
Speaking with CNN, Neil Newman, head of strategy at Astris Advisory in Tokyo noted this type of rebound is “typical after a market crash,” adding that:
“Importantly: Fundamentals are sound, the economy is doing fine, there is no evidence of abandoning Japanese equities.”
US senators urge CFTC to finalize ban on election betting
It comes as decentralized prediction platform Polymarket has gathered more than $500 million in bets on who will likely win the 2024 United States presidential election.
👉 Read More
Bitcoin falls to ‘extreme fear’ on Aug. 5 as ETFs outflow $168M
The Crypto Fear and Greed Index recorded a score of 17 out of 100 on Aug. 5 — the lowest it has been since July 12, 2022.
👉 Read More
🗞 Missed the news? Here's what's happened over the last 24 hours!
🩸 $300B plunge: Largest 3-day wipeout for crypto in a year
🧐 Jump Crypto unstakes $315M of ETH, now headed to exchanges
📉 JUST IN: $BTC drops below $50K.
🩸 The start of the $BTC price decline resulted in $600 million in leverage-long positions taken by traders being wiped out.
🩸 MicroStrategy $MSTR and Coinbase $COIN down 25.07% and 17.82% pre-market.
🎙️ The Worst Monday Since 1987!
🚨 Major trading platforms are reportedly experiencing outages.
🗣️ Goldman Sachs’ Christian Mueller-Glissmann on the market’s ‘healthy correction’ and unexpected US data weakness.
🚨 BlackRock’s spot Bitcoin ETF hits $1.55 billion in trading volume in its first hour amid market crash.
🇺🇸 Biden's economic advisor Gene Sperling steps down.
🚨 The volatility index has experienced its third-largest spike in history, trailing only the 2008 financial crisis and the COVID-19 pandemic.
🇺🇸 While live with Adin Ross, Donald Trump mentioned that crypto "is a form of currency" and "China's already doing it, but if we don't do it, they're gonna do it."
🚨 The volatility index has experienced its third-largest spike in history, trailing only the 2008 financial crisis and the COVID-19 pandemic.
This spike in the volatility index shows growing fear in global markets.
🚨JUST IN: BlackRock’s spot Bitcoin ETF hits $1.55 billion in trading volume in its first hour amid market crash.
Читать полностью…
🚨 BREAKING: Major trading platforms are reportedly experiencing outages.
• Fidelity
• E-Trade
• Vanguard
• TD Ameritrade
• Charles Schwab
🩸 JUST IN: MicroStrategy $MSTR and Coinbase $COIN down 25.07% and 17.82% pre-market.
Читать полностью…
📉 Bitcoin's price has plummeted nearly $20,000 in just a week, hitting its lowest point since February. Ethereum has also dropped 40%.
🇯🇵 The Nikkei 225 in Japan is experiencing its worst drop ever, adding to the global market chaos.
🍏 Berkshire Hathaway sold nearly half its Apple stake, adding to stock market jitters.
🇺🇸 The U.S. Federal Reserve might cut interest rates more aggressively than expected to stabilize the economy.
🩸 BTC is struggling below $50,000, with many short-term holders facing heavy losses.
🚨 JUST IN: Users are claiming that Robinhood has suspended 24-hour trading.
Have you checked? Can you still trade there now? Let us know!
$300B plunge: Largest 3-day wipeout for crypto in a year
The crypto market saw its largest three-day sell-off in 12 months amid weak jobs data and revived fears of a recession leading to a tumble in the equities market.
👉 Read More
Prosecutor demands jail for Crypto.com user who received $6.8M by mistake
Australian prosecutors argue that imprisonment should remain a strong possibility for the Crypto.com user who received millions because of an internal error.
👉 Read more
Ether’s price clings 'crucial area,' drop below $2.8K looming
Cryptocurrency traders argue that Ether’s next move is crucial not just for Ether itself, but for Bitcoin as well.
👉 Read more
Crypto community slams WazirX’s 'socialized losses' plan after hack
As WazirX navigates this crisis, the firm faces the challenge of rebuilding trust with its user base and the broader crypto community.
https://ct.com/cvvc
What hidden potential does Bitcoin hold beyond finance? 💰
Uncover the answers in BitFuture: Bitcoin’s Evolution, a special series from the Decentralize with Cointelegraph podcast, in collaboration with PortaltoBitcoin.
In Episode 5, Chandra Duggirala, co-founder and CEO of PortaltoBitcoin, dives into emerging Bitcoin trends, their broader implications beyond finance, and their role as a settlement rail in millions of markets.
[Collaboration]
Listen now! 🎧
US Bitcoin, Ethereum ETFs hit $6B volume amid market rout
Bitcoin sunk to under $50,000 at the start of US trading on Aug. 5, prompting a huge spike in trading volumes of crypto-related ETFs.
👉 Read More
Bitcoin decline is similar to the start of the 2016 bull run: Peter Brandt
Bitcoin declined by a very similar amount following the halving in 2016 and before the 2017 bull run.
👉 Read More
🇺🇸 While live with Adin Ross, Donald Trump mentioned that crypto "is a form of currency" and "China's already doing it, but if we don't do it, they're gonna do it."
In addition to presenting Donald Trump with a Rolex, Streamer Adin Ross also gave him a Tesla Cybertruck, wrapped with a photo of his assassination attempt.
🇺🇸 JUST IN: Biden's economic advisor Gene Sperling steps down.
Читать полностью…
🗣️ Goldman Sachs’ Christian Mueller-Glissmann on the market’s ‘healthy correction’ and unexpected US data weakness.
What’s your take on the current market? 💬
🩸 The Worst Monday Since 1987!
This episode covers the biggest market crash since 1987. In 24 hours, the crypto market lost over $500 billion, Bitcoin dropped to $49K, and there were massive liquidations.
The S&P 500 also fell, and Bitcoin’s dominance jumped to 58%.
Tune in to understand this financial chaos! 🎧
📉 Biggest Losers of the Day:
🔻 Crypto:
Bitcoin: -15.91%
Ethereum: -21.55%
BNB: -17.84%
Solana: -19.16%
🔻 Memecoins:
Jasmy: -30.60%
BRETT: -29.81%
Dogwifhat: -29.51%
Lido: -29.17%
🔻 Stocks:
INTC: -26.97%
TEAM: -17.76%
SNBR: -17.39%
🌏 Global Markets:
Nikkei 225: -12.40%
Taiwan Stock Exchange: -8.40%
Update: Robinhood states their overnight trading session is fully operational.
Читать полностью…
🩸 Update: The start of the $BTC price decline resulted in $600 million in leverage-long positions taken by traders being wiped out.
Читать полностью…
Jump Crypto unstakes $315M of ETH, now headed to exchanges
Jump still holds at least $125 million of staked-Ether, blockchain data from Arkham shows.
👉 Read More
Galaxy Research warns of sustainability issues for Bitcoin layer-2 rollups
The future of Bitcoin rollups will depend on continued innovation and optimization in data compression and scalability.
https://ct.com/cvzo
Amber Group calls for transparency after ZKX shutdown
The ZKX team’s shutdown serves as a reminder of the critical role that transparency and accountability play in the success and stability of cryptocurrency projects.
https://ct.com/cvz3
Microsoft declares OpenAI both ‘strategic partner’ and ‘competition’ in SEC filing
The two companies face antitrust probes in the US and EU over their partnership.
https://ct.com/cvyc
Crypto leaders, Harris campaign officials set for roundtable
The upcoming roundtable hosted by Ro Khanna represents a crucial opportunity for the cryptocurrency industry to influence the policy direction of the next administration.
https://ct.com/cvur
