Gemini Stock Surges 45% After IPO
@Gemini priced its IPO at $28 per share, raising $425 million despite a $283 million net loss in H1 2024. Stock jumped 45% in early trades. #Update #Crypto $BTC
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Tether Launches USAT Stablecoin with Bo Hines
Tether unveiled a U.S.-regulated stablecoin, USAT, appointing Bo Hines as its head. Anchorage Digital will issue the token, with Cantor Fitzgerald managing reserves. Launch expected later this year. #Update #Crypto $USDT
Bitcoin Traders Bet Nine Figures Amid Liquidation Risks
Traders are leveraging positions to push $BTC back to record highs, risking a liquidation cascade between $113,300 and $114,500 if prices decline. Current price: $115,000. #Update #Crypto $BTC
Bitcoin ETFs Surge with $550M Inflows
Spot bitcoin $BTC ETFs in the U.S. saw $552.78M inflows on Thursday, marking four consecutive days of inflows; bitcoin’s price rose nearly 3.2% to over $115K. #Update #Crypto $BTC
Bitcoin Rally Accelerates Toward $120K Milestone
Bitcoin $BTC is rallying towards $120,000 after breaking above the 50-day SMA, but caution is advised as it approaches a bull fatigue zone and faces potential resistance. #Update #Crypto $BTC
Bitcoin Bulls Remain Confident Amid Stagflation Fears
Bitcoin ($BTC) briefly surpassed $116K amid optimism for Fed rate cuts, despite rising inflation and jobless claims. Altcoins like Solana ($SOL) also gained traction. #Update #Crypto $BTC
XRP Approaches $3 Triangle Breakout
XRP surged nearly 2% to $3.05 on September 11, bolstered by heavy institutional inflows and a strong partnership with BBVA; resistance at $3.07 remains critical. #Update #Crypto $XRP
HBAR Surges 5% Amid CPI Volatility
HBAR saw a volatile 5% range between $0.23 and $0.24, with trading volume spiking to 156.1 million amid Grayscale’s ETF filing; resistance at $0.24 remains critical for further gains. #Update #Crypto $HBAR
Crypto ETFs Surge Amid Growing Advisor Interest
Crypto exchange-traded products (ETPs) are now the largest holders of bitcoin, with 1.47 million coins, while professional investors show increasing interest in crypto ETFs for 2025. #Update #Crypto $BTC
Tokenized ETFs Launch on Blockchain by BlackRock
@BlackRock is exploring tokenized ETFs on public blockchains, potentially allowing 24/7 trading and faster settlements, pending regulatory approval. This follows their successful $2.2B tokenized Treasury fund launch. #Update #Crypto $BTC $ETH
Jobless Claims Surge as Recession Fears Rise
Crypto markets rebounded as U.S. jobless claims surged to 263,000, overshadowing inflation data; $SOL rose 11% and $DOGE gained 17% weekly. #Update #Crypto $SOL $DOGE
CoinDesk 20 Index Gains 1.4% as All Coins Rise
The CoinDesk 20 Index rises 1.4% to 4207.6, with all assets gaining; leaders include $BCH (+3.8%) and $HBAR (+2.7%), while laggards are $DOT (+0.2%) and $ADA (+0.5%). #Update #Crypto $BCH
MNT HASH Surge as U.S. Inflation Looms
$MNT surges 11% to a record high of $1.62 as Provenance Blockchain’s $HASH jumps 28%. Market awaits U.S. CPI data, with potential volatility for $BTC if results are dovish. #Update #Crypto $MNT
Bitcoin Choppiness Index Soars Signaling Breakout
Bitcoin’s choppiness index rises to 54, indicating potential for volatility breakout as it trades around $113,000; U.S. CPI data release may trigger significant price movement. #Update #Crypto $BTC