Bitcoin’s Rise to $52K Is Driven by Strong U.S. Demand, the Coinbase Price Premium Suggests
Massive inflows into spot bitcoin ETFs made headlines recently, but other metrics showcase U.S. investors’ appetite for the asset.
Trading
Coinbase to Report Strong Earnings, ETF Benefits May Surprise Wall Street, Analysts Say
Coinbase is expected to report strong revenue numbers, given an uptick in crypto trading volume towards the end of 2023.
Robinhood’s Higher Crypto Revenue Could be Positive for Coinbase Earnings
The shares of the popular trading platform rose 15% after beating earnings and revenue estimates.
JPMorgan Survey Shows Over Half of Institutional Traders Don’t Want Crypto Exposure
The bank’s survey of over 4,000 traders found that 78% of the participants do not plan to trade cryptocurrencies, while just 12% plan to do so in the next five years.
Activist DAO Investor Pivots to Building a Company
Diogenes Casares’ new Stream Protocol is a trading platform he plans to eventually turn into a decentralized perpetual swaps exchange.
Crypto Trading Platform Avantis Opens Perpetual Swaps DEX on Base Network
Avantis said it saw over $5 billion in trading volume from 50,000 wallets during its two-month testnet run.
Market Manipulation May Have Hit Majority of New Ethereum Tokens in 2023: Chainalysis
A new study by the on-chain sleuth found possible pump and dump patterns for 54% of tokens listed in 2023.
Crypto Market Maker GSR Appoints Former JPMorgan Executive as Head of Trading
The new hire happens as digital asset markets are maturing and have become increasingly intertwined with traditional finance.
How the Launch of Spot ETFs Could Dampen Bitcoin’s Volatility
The approval of a wave of bitcoin exchange-traded funds will lead to a more mature market structure, say Vivek Chauhan and David Lawant, of FalconX.
Solana DEX Jupiter’s JUP Token to Debut With 1.35B Circulating Supply
The JUP-USD perpetual traded at 65 cents on Aevo at press time, implying a market capitalization of $700 million at the inception.