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Bitcoin’s (BTC) rapid recovery from below $90,000 since Monday suggests a bullish outlook. However, one factor casts doubt on the durability of these gains, indicating the possibility of significant downside volatility if the upcoming US inflation data comes in hotter than expected on Wednesday. This factor is the supply of large stablecoins, which has stagnated, […]

Pakinomist– Bitcoin extended gains on Wednesday after a strong rally in previous sessions amid a bullish outlook for the cryptocurrency as investors drew on concerns about U.S. interest rates ahead of an inflation report. rose 2.1% to $97,003.4 at 01:50 ET (0650 GMT). The token had risen sharply on Tuesday, surging above the $97,000 mark,

Crypto derivatives platform Deribit has received potential acquisition interest, Bloomberg reported Wednesday, citing sources. The report added that the firm is working with Financial Technology Partners to review the options. Deribit CEO Luuk Strijers told CoinDesk that the options platform had appointed FT Partners as an adviser for general advisory services and potential secondaries back

George Town, Cayman Islands, 14 January 2025, Pakinomist Sonic Labs announced the launch of its points program today, an innovative incentive framework designed to reward users and stimulate the growth of DeFi on Sonic. Through a multi-layered approach that combines passive asset holding, active liquidity utilization, and developer-focused “Sonic Gems,” the program will distribute around

Pakinomist – Cardano traded at $1.0033 at 13:19 (18:19 GMT) on the Pakinomist index on Tuesday, up 10.01% on the day. It was the biggest one-day percentage increase since January 3. The upward move pushed Cardano’s market cap up to $34.7957B, or 1.04% of the total cryptocurrency market cap. At its peak, Cardano’s market capitalization

Gary Gensler’s Securities and Exchange Commission (SEC) labeled Binance.US as “a cauldron of fraud” and used its power and influence to stifle the firm’s banking connections and USD fiat ramps, despite providing no evidence to support its allegations in court, the interim head of Binance.US told CoinDesk in an interview. In June 2023, outraged by

Pakinomist – Check out Pakinomist’s top three news over the past 24 hours. JPMorgan: XRP ETF Could Attract $8 Billion According to a recent prediction by JPMorgan, a spot-based XRP ETF could attract inflows between $3 billion and $8 billion, based on the performance of and ETFs launched last year. Currently, ETF assets represent approximately

Crypto prices bounced from Monday’s wipeout with bitcoin (BTC) rising as high as $97,300 on Tuesday as traders eyed the latest batch of US inflation data with more to come tomorrow. The biggest crypto dip below $90,000 yesterday was quickly bought up on reports that Donald Trump is preparing first-day orders to benefit the crypto

Pakinomist – Peter Schiff, a well-known macroeconomic analyst and gold advocate, recently shared his perspective on Japan’s economic policies, while also expressing strong skepticism about the concept of (BTC) as a strategic reserve. Noting that the Bank of Japan’s efforts to raise inflation over the past decade have backfired, Schiff suggested that the economy would

The government’s demand for regulated crypto products is real. The US SEC-approved options linked to BlackRock’s spot bitcoin (BTC) exchange-traded fund (IBIT), which debuted on November 19, are already nearly half the size of Deribit’s eight-year-old bitcoin options market. On Monday, there were 2.16 million open or active IBIT option contracts, representing a notional value