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Grayscale's Bitcoin Trust, otherwise referred to as GBTC, has recently undergone a significant transformation in its market behavior. In January 2023, GBTC was trading at a substantial 48.31% markdown relative to its net asset value (NAV). This gap has now shrunk to 16.59%, indicating a significant shift in market sentiment and potential implications for investors. […]

Over the past few months, the stablecoin landscape has remained relatively static, barely surpassing $123 billion as we traverse the third week of October. Despite a noticeable increase in fiat-pegged token trading this week, as of October 13, stablecoin transactions only constituted 22.96% of the global crypto economy's trade volume. Interestingly, just a day earlier,

The Reserve Bank of India (RBI), the country's central bank, has embarked on a second pilot phase for its wholesale central bank digital currency (CBDC), focusing on the call money market. The bank intends to broaden its e-rupee trial to encompass the complete wholesale sector, inclusive of asset tokenization and repo transactions. RBI's Second Pilot

In a noteworthy shift, the U.S. Securities and Exchange Commission (SEC) has chosen to forego appealing a recent court verdict favoring Grayscale Investments' Bitcoin ETF conversion plans. This development, reported by Reuters, follows a legal dispute and months of suspense, hinting at a potential change in the SEC's approach towards the approval of a spot

Publicly traded bitcoin mining company, Cleanspark, recently made headlines by reserving 4.4 exahash per second (EH/s) of Bitmain's advanced S21 Antminers. This batch, estimated to be worth around $61.6 million, comes out to approximately $14 per terahash per second (TH/s). Details of Cleanspark's Acquisition Cleanspark, listed on Nasdaq under the ticker CLSK, is a U.S.-based

The digital currency market is a volatile one, prone to significant fluctuations due to various factors. Two such prominent cryptocurrencies, Bitcoin and Ethereum, experienced a downward trend recently. The drop occurred just before the release of the US inflation report, adding a layer of complexity to the situation. In this article, we take a detailed

The cryptocurrency market has been a rollercoaster ride this week, with notable digital currencies such as XRP and Solana experiencing a downward trend. The global crypto market cap experienced a slight dip of over 1%, impacting the value of these two cryptocurrencies significantly. XRP's Persistent Downward Trend XRP, previously known as Ripple, has been experiencing

The U.S. Bureau of Labor Statistics' latest data reveals a more-than-anticipated inflation rise in September. The consumer price index (CPI) displayed a 3.7% year-on-year increase, while core inflation saw a minor decline from 4.3% to 4.1%. These figures have led market experts to predict a potential increase in the federal funds rate by the U.S.

Ethereum's transition from a system of deflation to inflation has seen a 0.178% rise over the last 17 days. This timeline has seen the network augment its total supply by 22,502 ether, equivalent to $35.31 million. Onchain Slump Leads to Ethereum's Inflation Upsurge Ethereum had previously adhered to a deflationary model, largely driven by the

Established cryptocurrency investors continue to absorb Bitcoin (BTC) at a rate of 50,000 coins per month, valued at $1.35 billion. This is according to the latest on-chain report by blockchain analytics firm, Glassnode. This demand surge is occurring as the broader digital asset market remains remarkably quiet, both on-chain and across exchanges. Bitcoin Long-Term 'Hodlers'