Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$83,322.00
4.76%$1,564.20
2.70%$2.02
2.64%$587.81
1.81%$120.72
7.12%$0.99998
-0.00%$0.160127
4.32%$0.243277
2.91%$0.624872
3.15%$1,562.54
2.71%$83,337.00
4.85%$9.39
-0.23%$12.66
5.12%$19.08
4.91%$2.94
0.50%$0.233675
1.69%$0.00001222
4.80%$1.00
0.01%$2.19
4.21%$0.167633
-0.27%$1,877.32
2.65%$312.55
7.26%$6.39
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3.71%$3.55
2.31%$15.89
10.77%$0.999842
-0.00%$4.30
2.91%$0.999114
0.07%$0.635622
7.62%$1,564.91
2.67%$27.96
0.54%$205.98
2.27%$1,664.68
2.45%$53.37
0.74%$5.24
4.44%$83,374.00
4.70%$0.00000693
2.93%$4.80
4.57%$0.890392
9.37%$22.27
3.45%$2.09
4.59%$31.39
1.31%$1.046
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0.00%$0.087216
3.25%$0.698566
2.99%$15.18
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8.76%$136.13
3.62%$0.075247
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7.84%$0.02211053
4.44%$4.25
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0.56%$0.313043
3.97%$83,413.00
4.93%$8.06
2.32%$2.45
4.55%$0.183218
0.86%$0.181192
3.38%$0.479487
3.29%$2.52
3.40%$0.294612
3.14%$83,082.00
4.55%$3.65
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2.76%$0.4479
6.64%$0.071706
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2.96%$0.665201
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5.65%$1.046
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2.71%$0.01501071
6.53%$0.621339
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3.98%$0.741005
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2.85%$0.874213
18.18%$1.00
0.00%$14.82
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6.01%$0.999626
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1.56%$0.603843
12.50%$1,763.84
2.71%$0.079542
4.72%$0.155
3.86%$0.417939
6.30%$587.71
1.80%$82,899.00
3.62%$0.736847
1.66%$3,259.45
1.42%$0.998169
0.03%$0.02047994
28.51%$83,175.00
4.57%$0.729468
2.39%$0.01343164
18.30%$0.260973
2.00%$0.01441928
4.08%$0.99844
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2.65%$0.486017
4.03%$0.10318
3.09%$0.00000061
2.97%$0.161609
3.43%$2.00
5.98%$35.68
-0.75%$28.62
3.75%$0.542526
0.37%$154.85
6.92%$0.3486
3.24%$1.72
4.79%$132.77
7.25%$0.540968
5.93%$0.00005499
4.57%$0.999138
-0.07%$2.91
5.93%$3.24
2.22%$1.76
7.03%$0.997286
0.12%$1,629.79
2.59%$0.069363
2.27%$82,402.00
8.88%$14.23
5.26%$1.71
7.60%$0.249773
4.05%$0.128061
5.19%$0.999979
-0.00%$0.494596
3.50%$0.423917
3.40%$0.999981
-0.00%$4.14
7.28%$0.0048418
5.98%$1.094
0.33%$0.560881
2.54%$0.00755418
3.01%$83,246.00
4.80%$83,234.00
4.03%$0.00000042
0.77%$0.16042
4.47%$1.08
0.01%$0.998654
1.28%$14.35
3.89%$0.395714
8.67%$5.57
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0.02%$0.132871
3.34%$2.40
1.97%$0.999512
-0.06%$0.00001926
3.82%$0.999927
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4.95%$1,661.20
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2.11%$22.40
-0.32%$0.071585
2.31%$5.59
6.68%$40.42
3.84%$77,106.00
0.00%$0.999228
0.06%$0.556957
2.95%$0.527575
17.15%$0.423502
4.31%$1,563.19
2.52%$0.073933
6.49%$1,564.53
2.90%$0.00632179
3.42%$1,564.26
2.64%$4.16
7.73%$0.781096
2.21%$1,645.33
2.13%$0.402134
12.78%$1.001
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1.59%$0.12243
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0.65%$0.00005894
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6.05%$0.999691
0.02%$0.00370623
0.99%$0.00479247
13.27%$0.03007635
2.00%$0.313739
4.82%$0.999748
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2.38%$0.697189
5.83%$0.140364
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3.70%$2.54
6.16%$3,229.84
2.90%$0.02707541
4.59%$103.19
4.65%$1.072
8.05%$83,144.00
4.69%$2.74
0.95%$0.222571
4.02%$0.212094
2.92%$0.111353
33.62%$83,033.00
4.81%$0.565053
3.66%$0.448232
-1.26%$20.54
3.61%$1,546.54
2.27%$0.999379
-0.02%$0.487627
3.64%$0.242879
2.04%$21.94
5.20%$0.00039331
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0.02%$0.170678
2.64%$0.02976594
-4.27%$1,563.46
2.79%$0.03365853
2.44%$19.11
5.20%$1,672.48
4.84%$0.497743
5.46%$0.997684
-0.01%$1,651.42
2.40%$0.647466
3.68%$13.44
2.55%$0.095953
2.89%$3.36
8.77%$0.00243817
15.11%$0.01092451
2.91%$12.89
-5.99%$0.218007
27.41%$1,711.45
2.63%$0.999719
-0.02%$83,246.00
4.65%$2.64
3.71%$1,699.52
2.82%$1.94
3.42%$0.208673
14.68%Reading
Stablecoin exchange inflows are up, which could mean the crypto market is headed for an eventual recovery, say researchers for Bank of America.
In a Friday report, analysts Alkesh Shah and Andrew Moss said that despite digital assets behaving like “risk assets,” stablecoins flowing into exchanges touched $490 million the week before the report—a 58% seven-day increase and the third consecutive week of inflows.
This is a healthy sign as “people using them for real world use cases like payments/remittances are adopted,” according to the report.
Stablecoins are cryptocurrencies which are backed by fiat currencies, like dollars, or other real-world assets.
They are used by people to quickly enter and exit positions in other coins or tokens when trading without the need to convert to a hard currency, such as U.S. dollars.
Ethereum’s long-awaited upgrade this week may drive institutional adoption, researchers for Bank of America said on Friday. In a research note, the second-largest bank in the U.S. claimed the ability for Ethereum users to stake (i.e. pledge assets to the network) could increase interest for big investors. The second biggest cryptocurrency by market cap, Ethereum, is expected to complete its upgrade this week. Known as “the merge,” the upgrade will move Ethereum from a proof-of-work blockchain t...
Bank of America’s report added that “three consecutive weeks of [stablecoin] inflows indicate that investors may be selectively increasing digital asset exposure after shifting defensively.”
The crypto market has been battered this year—along with U.S. stocks—as investors put their money into what are perceived to be safer assets, like the U.S. dollar, and avoid risk.
Cryptocurrencies are generally considered to be risk assets. Bitcoin, the biggest digital asset by market cap, has largely performed like a tech stock this year, Arcane Research data shows. This is different to how proponents of the asset claimed it would behave—championing the cryptocurrency as an "uncorrelated asset" or an inflation hedge.
And it is down 72% from its all-time high of $69,044, today priced at $19,133, according to CoinGecko.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
BlackRock’s spot digital asset-focused funds generated net inflows for a fifth consecutive quarter, but the value of those assets tumbled by 9% as the price of Bitcoin and Ethereum slumped, the company said in its latest earnings release. As of March 31, the world’s largest asset manager held $50.3 billion worth in ETF digital assets, about $5 billion less than in the previous quarter, according to the release. Still, among asset managers, BlackRock remained the leader in inflows with the iShare...
Ripple Labs and the U.S. Securities and Exchange Commission have jointly filed a request to suspend their respective appeals as they “pursue a negotiated resolution” of their long-running case. As detailed in a filing submitted yesterday to the U.S. Court of Appeals for the Second Circuit, the two parties have already reached an agreement-in-principle, with Ripple CEO Brad Garlinghouse revealing last month that the SEC would be dropping its appeal. Yesterday’s application represents the first of...
The Trump family’s crypto platform, World Liberty Financial, has denied the project sold off millions worth of Ethereum earlier this week at a massive loss, dismissing reports to that effect as “wholly inaccurate.” “The claims that World Liberty Financial has sold any of its holdings are wholly inaccurate,” a company representative told Decrypt Thursday. “WLFI has not sold any positions as currently reported. Speculation to the contrary is false.” Yesterday, reports circulated that the project s...