BTC's 3rd block mining reward halving event took place today. Many halving-related price predictions relied on data with overly small sample size.
Ripple co-founder Jed McCaleb relentless selling of XRP tokens appears to have picked up in the last 2 months. We provide context to his activity and the strange selling dynamics of XRP founders generally.
Funding rates on perpetual swaps are largely negative. This has more often been a sign of health in a market rally.
BitMEX adds Japan residents to its restricted list, further fragmenting the market.
Global risk assets are mixed and BTC is outperforming. The rest of the Top 10 is also performing well with most up at least +10%.
Crypto continues to push higher though BTC is lagging the rest of the Top 10.
Class action lawsuits have been filed In New York against prominent crypto firms.
Crypto merger action. It Was Reported That Binance Had Purchased The Well Known But Often Criticized Coinmarketcap Website For USD 400M Equivalent - We Have Some Concerns Around Motivations Behind The Purchase
With Crypto Markets In A Rare Quiet-Moment, We Are Taking The Opportunity To Address The Bakkt Series B Fundraising Round Which Was Announced Two Weeks Ago.
The crypto sector is marginally lower this morning. With other global risk assets marginally higher, crypto continues trading mostly uncorrelated.