News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
Traders now see a 94% chance of the Fed raising rates by 25 basis points later this month.
Observers call for spot-based bitcoin ETF as the bull market raises cost of pre-expiry rollover of positions for futures-based ETFs.
The forecast is consistent with bitcoin's tendency to chalk out sharp gains in the months after the mining reward halves. The fourth halving is due early next year.
Bitcoin prices have paused with support at $30,000
Even so, spot trading volumes are at historically low levels.
The decentralized cloud storage protocol has seen its market value double this week.
PLUS: The first half of 2023 has so far been very promising for the crypto majors.
PLUS: Dismissing the very real prevalence of Ponzi schemes in GameFi isn't a good look for Web 3.
The largest cryptocurrency by market cap tends to rally in the month of July, the report said.
The latest price moves in crypto markets in context for July 5, 2023.
- 09:56QCP: The current market sentiment remains cautious, and tonight's non-farm employment report is attracting attentionQCP's analysis states that Bitcoin failed to reclaim the $99,000 resistance level, triggering a widespread market sell-off and pushing BTC back to a new low of $95,600. The outlook for cryptocurrencies remains uncertain due to three consecutive days of decline. Meanwhile, in the latest development of Trump relaxing cryptocurrency regulations, it is reported that the U.S. Securities and Exchange Commission is reducing the size of its cryptocurrency enforcement division. This move is expected to promote the establishment of new cryptocurrency working groups and foster more constructive relationships between the U.S. Securities and Exchange Commission and this industry. The release of tonight's non-farm employment report will attract attention; although options lean bullish, market sentiment remains cautious.
- 09:54The probability of Solana ETF getting approved within the year is now reported to be 84% on PolymarketPolymarket market prediction data shows that the probability of Solana ETF being approved in 2025 is currently reported at 84%, with a total trading volume of this prediction contract at $65,739.
- 09:53Securities Regulatory Commission: Supports the issuance of REITs for new infrastructure projects such as artificial intelligence and data centersThe China Securities Regulatory Commission has issued the "Implementation Opinions on Doing a Good Job in the Financial 'Five Major Articles' of the Capital Market". It will increase multi-level bond market support for technological innovation. Promote high-quality development of technology innovation company bonds, optimize issuance registration process, encourage relevant institutions to provide credit enhancement support for technology companies issuing bonds according to marketization and rule of law principles, and explore more tech-innovation themed bonds. Include high-quality corporate tech-innovation bonds into benchmark market-making varieties, increase policy support for exchange pledge-style repurchase discount factor. Explore intellectual property asset securitization business. Support projects such as artificial intelligence, data centers, smart cities and other new types of infrastructure as well as science and technology innovation industrial parks to issue Real Estate Investment Trusts (REITs), promote revitalizing existing assets, support digital transformation of traditional infrastructure.