Founded in 2020, UK-based Abraxas Capital Management is making a particularly aggressive bearish bet on the cryptocurrency market. The firm has so far bet close to $500 million on Bitcoin, Ethereum, and numerous altcoins going down. This trend demonstrates their wait for increased volatility and more severe market pullbacks. Total...
Is this the big one? Abraxas Capital’s unprecedented $500 million short against crypto has impact retail investor and seasoned industry analyst alike pulling the hair out from their beard. They are not just nibing at the edges. They’re going in hot pursuit after Bitcoin, Ethereum, and Solana — and even...
Meanwhile, Ethereum’s staking yield just fell below 3%. This amendment should be seen as a big positive development as the network enters its teenage years and more ETH continues to be staked. More than 35 million ETH have been staked, nearly 28% of the total supply. That enormous sum is...
The crypto world is an unforgiving crucible of technology, where projects compete tooth and nail for supremacy. Over the past few months, Internet Computer (ICP) has emerged front and center. It has consistently outpaced even behemoths such as Ethereum (ETH) and Cardano (ADA) in terms of development activity. However, does...
CryptoQuant data paints a clear picture: Binance isn't just a big player in the altcoin market, it's the dominant one. We’re speaking on the order of billions of dollars that would dwarf competitors such as Coinbase. At the height of the Nov-Dec 2024 altcoin rally, Binance processed as many as...
Excitement around a prospective XRP Exchange Traded Fund (ETF) swells with the support of pro-crypto policy and as positive market projections emerge. Limited by the Trump administration’s stance on digital assets, optimism is somewhat stifled. Now people are predicting a spike in trading activity as soon as we get that...
The crypto world is buzzing. An XRP ETF? Seriously? After years of regulatory doom and gloom and SEC litigation, it almost seems too good to be true. Let's be honest: this isn't just about XRP. At stake is the balance of power and politics, and how digital assets will be...
Ethereum is all the rage in crypto these days, and with good reason. The blockchain platform has continued to hum with activity. Because its open interest (OI) in futures contracts has shot to record levels. If this is the first you’ve heard of this idea, here’s how it works. Open...
Ethereum (ETH) is still consolidating under the important $2,800 resistance level, an important region that traders continue monitoring. The crypto’s recent price action shows a time of compression, where markets are getting ready for an impending, powerful breakout or breakdown. The deep increase in both trading volume and open interest...
Ethereum has been slowly regaining bullish momentum. This increase is fueled by huge inflows into US spot ETH exchange-traded funds (ETFs) and the recent drop in exchange reserves. True, investor confidence in the current number two coin is booming. This resurgence follows a stretch of moderate outflows and general market...
