A year ago, the cryptocurrency industry was grappling with layoffs and regulatory challenges, while trading activity had significantly dwindled. Fast forward to 2024, and the narrative has dramatically shifted from doom and gloom to ETF-fueled optimism, with Coinbase (NASDAQ:COIN) emerging as a standout performer. The company’s stock has surged by nearly 70% this year to approximately $265, garnering praise from…
Coinbase Global (NASDAQ:COIN) shares have seen a remarkable 68% surge since February 23, closely tracking Bitcoin’s 37% ascent. As the halving date for Bitcoin approaches on April 17, COIN stock is poised to continue its upward trajectory alongside Bitcoin. This surge has also inflated COIN’s put option premiums, making them an appealing prospect for short-put strategies. The impending Bitcoin halving…
In a major move to make financial amends to people and businesses that suffered losses in the catastrophic collapse of FTX, the failed crypto exchange has agreed to sell its 29.4 million shares of AI developer Anthropic. Revealed in court documents filed Friday, the combined Anthropic shares had a total value $884,109,327. U.S. Federal Judge John Dorsey approved plans last…
Bitcoin has bounced back above the $70,000 mark, signaling resilience among cryptocurrency enthusiasts in the face of recent outflows from US exchange-traded funds (ETFs). On Monday, most digital assets experienced gains, with Bitcoin surging as much as 5.8% to reach $70,014, marking its return to the $70,000 level after more than a week. Ether also saw an increase of around…
As Bitcoin soars back above $70,000 per coin, another crypto investment is roaring alongside it: Coinbase stock. The publicly-traded exchange’s shares (COIN:NASDAQ) are trading at $279.65 a pop—the highest since November 2021, when the last crypto bull run was at its peak. Over the past month, the company’s stock price has jumped by 44%, Nasdaq data shows. Zooming out further,…
The cryptocurrency market shows signs of recovery, with Bitcoin on track to return to the $70,000 milestone. Among the top 10 cryptocurrencies by market capitalization, Solana (SOL) and Avalanche (AVAX) have the best price performance, notching the most gains in the last 24 hours. Solana (SOL) is currently the best-performing token among the top 10, with a +9% recovery in…
After a powerhouse run of several weeks of gains, investors last week pulled out close to $1 billion from crypto investment products. A new report from digital asset fund manager CoinShares on Monday dropped figures showing that $942 million exited funds, such as those giving investors exposure to Bitcoin, Ethereum, Solana, and Cardano. “Hesitancy amongst investors led to record net…
Four months ago, a total of 179 decentralized autonomous organizations (DAOs) boasted treasuries exceeding $1 million or more each. As of today, this figure has climbed to 211 distinct DAOs meeting the same criteria. Furthermore, since Nov. 1, 2023, the collective value of DAO treasuries has expanded by more than $20 billion across a period […] Source: https://news.bitcoin.com/dao-treasuries-see-over-20-billion-growth-in-4-months-amid-crypto-market-boom/
In the hectic period since Elon Musk’s 2022 takeover of Twitter, the tech billionaire has rarely paid much heed to the exodus of prominent users and advertisers from the site in protest of new policies. On Monday, however, Musk appeared genuinely curious about the dwindling presence on the platform of one of crypto’s most influential thought leaders: Ethereum co-founder Vitalik…
With the Bitcoin halving less than 25 days away, the number-one cryptocurrency is nearing its all-time high again, breaking $70,000 again after a week-long downturn. According to CoinGecko, Bitcoin is trading at $70,561, up 9% in the last 24 hours and 5.5% over the last seven days. The last time Bitcoin was above $70,000 was March 14 before the digital…
