Bitcoin Holding Above $26K Is ‘Remarkable’ as Equities Take a Hit. What’s Next for BTC’s Price?
The 200-week and 200-day moving averages converge at $27,800, acting as an obstacle to further BTC price gains.
Financial
Ether Turns Inflationary as Network Revenue Plunges to 9-Month Low
The decline in activity in the network is partly because of the adoption of layer 2 networks, and the trend will continue in the near term, according to intoTheBlock.
Google Cloud Pushes Deeper Into Blockchain Data, Adding 11 Networks Including Polygon
Google’s cloud-computing business has stored historical veri on Bitcoin since 2018, claiming the service provides faster access than can be obtained directly from the blockchain.
CFTC Denies Kalshi’s Plan to Let Users Bet on Control of U.S. Congress
U.S. federal regulators said the plans weren’t in the “public interest,” after a court squabble involving rival service PredictIt
European Crypto Asset Manager CoinShares to Enter U.S. Hedge Fund Fray
CEO Jean-Marie Mognetti described the move as “a natural progression”, given the “changing macro environment prominently marked by interest rates and inflation.”
First Mover Americas: Bitcoin Vapid; Toncoin Leads Weekly Gains
The latest price moves in crypto markets in context for Sept. 22, 2023.
Sam Bankman-Fried Sort of Had a Rough Day
Bankman-Fried suffered two procedural losses.
Dogecoin Beats Bitcoin in Price Stability Amid Crypto Trading Lull
DOGE’s new-found stability reflects lack of investor interest in trading alternative cryptocurrencies.
Crypto Exchange Bybit to Suspend UK Operations Next Month
New regulations on marketing that take effect Oct. 8 require firms to be registered with the FCA. Bybit is not on the FCA’s crypto register.
Shiba Inu Developers Floated a Dummy Token and Now Activist Traders Are Making it a Real Thing
A token meant for testing purposes wasn’t intended to be traded, yet some traders have pounced on the supposed opportunity.