ETH/BTC ratio stays under 0.05 even with institutional support and all-time highs
Analyzing the ETH/BTC Ratio and Recent Market Trends The Ether Bitcoin (ETH/BTC) ratio reflects the price of ether relative to Bitcoin. Since July 2024, it has consistently remained below 0.05, unable to rebound even after a couple of adoption waves earlier this year. For context, this ratio reached an all-time high of 0.14 back in […]
BBVA partners with Ripple for institutional custody of Bitcoin and Ether in Europe
Ripple Expands Services in Spain with BBVA Partnership Ripple, the U.S.-based blockchain company known for the XRP cryptocurrency, is set to provide cryptographic supervision services to the Spanish banking giant, Banco Bilbao Vizcaya Argentaria (BBVA). In a recent announcement, Ripple disclosed its agreement to offer cryptographic protection services to BBVA, which aligns with the bank’s […]
Can Institutional Interest in Ethereum Offset Pessimistic Options Traders?
Simply put Experts have noted a significant rise in bearish Ethereum options activity, suggesting that traders are preparing for potential price declines. This negative sentiment seems to clash with the substantial institutional money being funneled into the new spot Ethereum ETF. The market appears split between short-term hedging tactics and long-term bullish strategies. Analysts emphasize […]
Discussion Intensifies About Trust of Early Bitcoin Investors in Light of Institutional Adoption
Key takeout Analyst Scott Mercer suggests that early Bitcoin supporters are losing confidence and divesting their holdings. Community members contend that personal circumstances, rather than doubt about Bitcoin, often drive these sales. The debate highlights the influence of institutional adoption on Bitcoin’s foundational ideals. A recent statement from analyst Scott Mercer has sparked renewed conversation […]
Bitcoin Spot ETFs See $2 Billion Inflows as Institutional Interest Grows
Bitcoin Spot ETF Sees Significant Inflows The US Bitcoin Spot ETF recorded net inflows exceeding $2 billion last week, marking a positive trend for the third consecutive week. This rebound started in June after an initial net outflow of $128.81 million in the first trading week. Investor interest seems to have picked up, resulting in […]
Launching a Permissioned DEX on the XRP Ledger: Opening Up Institutional Access to DeFi
Earlier this year, we shared our vision for the XRP ledger system, emphasizing its foundation in compliance, real-world utility, and accessibility. The launch of the Permission Dex (Distributed Exchange) marks a significant advancement in this journey. The ecosystem of the XRP ledger is continually evolving, with one critical feature now emerging for real-world financial applications […]
FalconX partners with Crypto.com for the Lynq institutional settlement network.
FalconX, a digital asset prime brokerage, has reportedly surpassed $1.5 trillion in trading volumes and has teamed up with Crypto.com, Galaxy, and Wintermute to launch Lynq. This platform aims to become a payment solution for digital assets and financial institutions. The introduction of Lynq appears to reflect an increasing interest in digital assets from institutional […]
JPMorgan Chase and Coinbase Join Forces to Introduce a New Token for Institutional Deposits
The largest bank in the U.S., JPMorgan Chase, has recently made a notable entry into the cryptocurrency market by introducing its own digital currency, called JPMD. Announced on Tuesday, the bank aims to pilot JPMD in partnership with U.S.-based cryptocurrency exchange Coinbase, illustrating its commitment to innovation in finance. A new era of deposit tokens? […]
Asia Morning Update: Institutional Purchases Raise Chance of $3K ETH, While AI Agents Explore Crypto Channels
Good morning, Asia. Here’s the latest market update: Welcome to the Asian morning briefing—a daily snapshot of significant stories from the US and a look at market movements. For a comprehensive analysis of the US market, consult Coindesk’s Crypto Daybook Americas. As Asia begins its day on Thursday, Ethereum (ETH) is trading at $2,770. Data […]
Monitoring Bitcoin Prices in Real-Time as an Important Indicator for Algorithmic and Institutional Cryptocurrency Trading
For quite some time, Bitcoin has been a significant barometer for the cryptocurrency market. Many traders and investors see this pioneering digital token as an essential indicator of market trends. Whether someone is just starting out or has years of experience, the fluctuations in Bitcoin’s value pique interest across the board. The constantly changing value […]