Author: olivia

The firm Jefferies reported that the Tether’s gold reserves have climbed to 23 billion dollars following an aggressive buying phase. According to Wall Street analysts, the issuer of USDT surpassed almost all central banks in terms of acquisitions worldwide, consolidating this Monday as one of the thirty largest global holders of the precious metal historically.

Chinese authorities announced a ban on offshore stablecoin activity pegged to the yuan and the tokenization of RWA. The announcement declared related business activities illegal and tightened approval requirements for any overseas yuan-linked issuances.

Bitfarms’ stock surged after the company shifted its focus to AI infrastructure, rather than remaining a Bitcoin miner. The company announced plans to redomiciate its operations in the United States.

Citi announced a change in its forecast for Coinbase Global, lowering its 12-month outlook from $505 to $400. The main reason for this is that the company’s stock has fallen 65% from its all-time high, suggesting that its trading power is weakening and that regulatory pressure in the United States is hurting it.

The digital collectibles sector experienced a historic setback by falling below 1.5 billion dollars in total valuation recently. According to CoinGecko data, the NFT market cap has returned to levels seen before the massive boom recorded during the year 2021. This adjustment coincides with a generalized downturn of the crypto ecosystem, which severely affected the main commercial networks today.

The prediction platform Polymarket has filed trademark applications for POLY and $POLY before the U.S. Patent and Trademark Office. Vismaya V reported that this strategic move by Blockratize Inc. seeks to formalize the POLY token issuance in the near future. However, this regulatory progress occurs while the company faces mounting legal challenges in several states across the country.

The BNB price has undergone an aggressive correction during the last sessions, retreating from 900 dollars to sit near the 700 dollar mark. This drop, representing a weekly decrease of over 22%, has pushed the asset to its lowest level in seven months, erasing much of the gains accumulated during the year within the current market cycle.

Spot Bitcoin ETF outflows in the United States reached 434 million dollars during Thursday’s trading session, according to the latest data from SoSoValue. This negative flow, added to the 545 million withdrawn the previous day, occurred while the digital currency’s value briefly touched the psychological mark of 60,000 dollars per unit this Friday morning. Despite the fact that inflows of 561 million dollars were recorded on Monday, the weekly balance shows a net loss of 690 million. Institutional investors seem to be reacting with caution to the absence of clear catalysts to drive a bounce, causing Bitcoin ETF outflows to…

Ethereum faces an Ethereum options expiry of 419 million dollars today, according to Greeks.live analyst Lockridge Okoth, within the specialized Deribit platform. This event occurs as implied volatility spikes, forcing institutional investors to adopt defensive hedging strategies in the face of current uncertainty that dominates the landscape of the digital assets market this week.

The miner Marathon Digital recently transferred a total of 1,318 BTC, valued at approximately 86.9 million dollars, to various custody and trading venues, according to Arkham. This series of movements, executed in a ten-hour period, has arousing caution among institutional investors throughout the sector who fear a possible forced liquidation of assets during this week.