Russia Moves to Restrict Retail Crypto Trading to Bitcoin, Ether and USDT
Non-qualified investors face a 300,000-ruble (approx. $3,600) annual purchase limit per intermediary, while qualified investors have no cap.
Bitcoin Rises on Hopes For De-escalation in Middle East Conflict -- Market Talk
1119 GMT - Bitcoin turns marginally higher as risk appetite improves on hopes for a U.S.-Iran deal over the Strait of Hormuz. "The mood has improved slightly in the last 24 hours, with Pakistan
XRP Trading Could Get Spicy After CPI Report as Futures Bets Hit Highest Since October: Crypto Daybook
Wednesday's big story is XRP (XRP), the payments-focused cryptocurrency.
Bitcoin Holds Near $64,000 as U.S. Inflation Data Looms, Harmony Exploit Rattles Altcoins
Markets are quiet ahead of the July inflation print, with bitcoin little changed, oil near $90 and Harmony nursing a fresh exploit.
Express News | BTC whale with $114.4 million short position reduces exposure to avoid liquidation; current short position stands at approximately $98.97 million.
On August 12, data from Lookonchain indicated that as BTC prices rose, the 1,793 BTC short position (valued at approximately $114.4 million) held by trader 0xff84 approached the liquidation threshold. The trader preemptively closed part of the position to avoid liquidation. The current short position is 1,543 BTC, valued at approximately $98.97 million, with a new liquidation price of $64,225.35.
The “anchor of global asset pricing” reaches a critical juncture! A dovish surprise in the U.S. CPI could trigger short covering in U.S. Treasuries, thereby fueling the rally in risk assets.
Wall Street remains divided on whether the Federal Reserve will raise interest rates next month, but Wednesday’s inflation report will determine the Fed’s next move. Traders assign roughly a 50% probability to a 25-basis-point rate hike, while stronger-than-expected economic data could increase the likelihood of a rate increase.
Express News | BTC surpasses USD 64,000
Market data shows that BTC has broken through the $64,000 mark, currently trading at $64,002. The 24-hour decline stands at 0.3%. Given significant market volatility, please ensure effective risk management.
Express News | Empery Digital sold 235 Bitcoin, leaving a remaining holding of 1,279 Bitcoin.
On August 12, it was reported that Empery Digital (ticker: $EMPD), a U.S.-listed company with Bitcoin reserves, further reduced its Bitcoin holdings to repay debt. The company sold 235 BTC, using the proceeds to settle $10 million in debt. Following the transaction, its total Bitcoin holdings stand at 1,279. Due to this significant sell-off, Empery Digital dropped to 39th place in the global ranking of publicly listed companies by Bitcoin holdings.
Tim Draper Says Bitcoin Is Headed for 'Infinity' Against Dollar as Growing BTC Payments Could Trigger Bank Runs
Venture capitalist Tim Draper projected on Tuesday that Bitcoin (CRYPTO: BTC) will go to infinity against the dollar in a fundamental global shift.Draper Confident About Bitcoin AdoptionIn an X post,
Express News | Metaplanet transferred 4,176 Bitcoins over the past seven hours, valued at approximately $265 million.
According to monitoring by The Data Nerd, Metaplanet (@Metaplanet) transferred 4,176 Bitcoins over the past seven hours, valued at approximately $265 million. Metaplanet previously purchased 43,000 Bitcoins at an average price of $96,191 per coin; its current holdings reflect an unrealized loss of approximately $1.4 billion, representing a 34% decline.
One Overlooked Group Has Added $1.78 Billion of Selling Pressure to Bitcoin Market
Public miners are an underappreciated source of supply hitting the market right at the margin.
Express News | Renowned Trader: Historical Bitcoin Bottom Signal Reappears; Months of Consolidation May Still Be Needed to Complete the Bottom Formation
On August 12, renowned trader Doctor Profit posted that a historical Bitcoin indicator is signaling that 'the bottom has already formed or is very close.' In 2015, 2019, and 2022, bear market bottoms all began when the realized price of coins held for 3 to 6 months crossed below the realized price of coins held for 1 to 2 years. He believes this indicates that newer buyers are capitulating at a loss and selling, gradually transferring Bitcoin into the hands of longer-term holders. This crossover is now occurring for the fourth time, with BTC’s current price below the average cost basis of both holder groups. However, historically, this signal does not immediately lead to a reversal; Bitcoin typically undergoes several months of sideways consolidation to complete the bottoming process, making this phase a potential long-term accumulation window. Doctor Profit stated he believes the market is currently in the stage of bear market bottom formation and long-term accumulation. He added that over the past few weeks, he has been accumulating BTC in tranches within the $54,000–$64,000 range and continues to build his position incrementally in 5% allocations per trade.
On the Eve of CPI: Bitcoin Options Tug-of-War and On-Chain Accumulation Signals
With the U.S. CPI data for July imminent, markets are exhibiting a two-sided tug-of-war. Deribit has seen a concentration of call options positioned at the $70,000 strike price, TDX recommends volatility-based strategies, and Nansen data shows significant outflows of major cryptocurrencies from exchanges, indicating dominant on-chain bullish sentiment.
H100 Group Names Chief Investment Officer
H100 Group (H100.ST, GS9.F) named Peter Warren as chief investment officer, according to a Wednesday release.Alongside H100 Chief Executive Officer Eirik Grøttum, Warren previously managed 2,450
Cathie Wood Calls Bitcoin 'Critical' Financial Infrastructure: 'Those Securing It Should Have Trusted Access to the Most Powerful AI Models'
Veteran investor Cathie Wood voiced her support on Tuesday for Bitcoin Policy's open letter, which urges AI labs to aid "open-source defenders."Calls for Trusted Access to Frontier ModelsThe open
Live Updates: Bitcoin at $63,600 as Japan's Metaplanet Moves 3,881 BTC Between Wallets
Blockchain data shows the Japanese treasury firm moved the bitcoin between wallets it controls, not to an exchange, so the transfer isn't a sale despite its $1.4 billion paper loss.
Global Energy Roundup: Market Talk
The latest Market Talks covering Energy markets. Published exclusively on Dow Jones Newswires throughout the day. 0651 GMT - Bitcoin edges lower as investors exercise caution due to ongoing
Bitcoin Falls on Geopolitical Uncertainty, Jitters Ahead of Inflation Data -- Market Talk
0651 GMT - Bitcoin edges lower as investors exercise caution due to ongoing uncertainty over the Middle East conflict and ahead of U.S. inflation data at 1230 GMT. Iran said the Strait of Hormuz
Here's What Bitcoin and Ether Traders Are Doing Ahead of the Binary U.S. CPI Print
Bitcoin and ether are stuck in a tight range ahead of the CPI. Here's how savvy traders are positioning for the pivotal release.
Dogecoin and BNB Lead Majors Higher as Bitcoin Slips Near $63,700
DOGE gained almost 3% to 7 cents and BNB 2% to $614, while bitcoin was the only major in the red on both the day and the week.