CoreWeave stock jumped by over 6% on Monday as investors rotated back to companies in the artificial intelligence industry. CRWV jumped to …
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Markets
Bank of Japan raises interest rates by 25 basis points. Bitcoin tops $77,000
by shayaanby shayaanThe yen declined and BTC rose after the BOJ hiked rates to the highest level in 31 years. www.coindesk.com
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The widely expected move places the U.S. Federal Reserve’s benchmark fed funds rate range at 3.75%-4.0%. www.coindesk.com
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The CLARITY Act aims to provide clearer regulatory frameworks for the cryptocurrency market. This legislation could significantly affect compliance for numerous crypto …
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Markets
Bitmine makes largest ether purchase since June as Tom Lee points to crypto's strong Q3
by shayaanby shayaanCompany Chairman Lee said crypto’s recent outperformance could draw more institutional investors. www.coindesk.com
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Markets
KuCoin UAE Alliance Deal Points To The Gulf’s Growing Crypto Infrastructure Ambitions
by shayaanby shayaanThe Gulf’s crypto ambitions are not slowing down. KuCoin’s partnership with a UAE crypto alliance adds another exchange-level move to a region …
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TL;DR Galaxy Digital CEO Mike Novogratz identified excessive leverage as a key factor behind the June crypto drawdown. The view fits with …
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TL;DR Coinglass historical data reportedly shows July has often been a positive month for XRP. XRP enters the period after a difficult …
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Mining
Bitcoin Mining Cost Model Points To $47,000 Floor, But Analysts Urge Caution
by shayaanby shayaanTL;DR Crypto Rover says Bitcoin has never bottomed below electrical production cost, currently estimated at $47,000. Mining-cost models can help frame downside …
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Bitcoin price performance in June has gotten off to a rocky start, with prices now down 50% from the market’s all-time high. …