Chirag Sharma

Capula Investment Management’s $464M Bitcoin ETF Holdings Drop Amid Declining Prices

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Capula Investment Management, a prominent London-based hedge fund, has reported owning $464 million in spot bitcoin ETFs issued by BlackRock and Fidelity. This filing, reflecting the firm’s holdings as of June 30, was submitted to the U.S. Securities and Exchange Commission. Current Valuation Due to the recent decline in Bitcoin prices, Capula’s position in these …

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Grayscale Ethereum ETF $2B Outflows : Price in Danger

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The recent performance of Ethereum has been a significant source of concern for investors, with the token persistently trending downwards. Despite the launch of spot ETH ETFs (exchange-traded funds) in the United States, Ethereum has shown no signs of relief. Instead, the underwhelming performance of these ETFs with Grayscale Ethereum ETF outflow might even be …

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SAHM Indicator

SAHM Indicator above 0.5: Recession Incoming?

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A significant recession warning is currently flashing across financial markets, impacting both the stock and crypto sectors. The SAHM Indicator, a crucial economic measure, has crossed above 0.5, signaling a potential recession in the United States. This indicator has a long history of accurately predicting recessions, with every instance since the 1960s leading to an …

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Genesis Moves

Genesis Moves $1.5 Billion in Bitcoin and Ethereum for Creditor Repayments

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BREAKING: Wallets linked with Genesis Trading have moved 16.6K BTC ($1.1B) and 166.3K ETH ($521.1M) in the past hour, likely for in-kind repayments to creditors. According to an X post by Arkham Intelligence, this substantial movement of funds by Genesis moves the market significantly. Key Details: Track live data here Market Impact Genesis moves have …

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Bitcoin Hashrate

Bitcoin Hashrate Hits ATH, What’s Next?

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Bitcoin’s hashrate has reached an all-time high (ATH) of 662.74 EH/s as of July 29, 2024. This milestone marks a significant achievement in the Bitcoin network’s history and highlights the increasing security and computational power dedicated to the cryptocurrency. The consistent growth in hashrate is a testament to the network’s robustness and its ongoing appeal …

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WazirX Plans to Repay $230 Million Worth Losses

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WazirX, the leading cryptocurrency exchange in India, has unveiled its strategy to address the $230 million loss incurred following a major hack on its platform. The WazirX plans, after weeks of deploying a bounty program to recover the stolen funds, has finally announced its approach to compensate affected users equitably. Socialized Loss Strategy WazirX plans …

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Render Token

Binance Completes Render Token Swap and Rebranding

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Binance has successfully completed the Render (RNDR) token swap and rebranding to Render (RENDER). Users can now deposit and withdraw the new RENDER tokens. This move marks a significant update in the cryptocurrency market, with Binance opening spot trading for RENDER/BTC, RENDER/USDT, RENDER/FDUSD, RENDER/USDC, RENDER/TRY, RENDER/EUR, and RENDER/BRL pairs at 2024-07-26 08:00 (UTC). New Trading …

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