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.
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First Mover Americas: Bitcoin Consolidates at $42K
The latest price moves in crypto markets in context for Jan. 29, 2024.
Solana Trading Aggregator Jupiter Sees Trading Volumes Jump Ahead of JUP Issuance
The platform settled over $500 million in trades on Sunday, briefly becoming the biggest on-chain trading platform.
Coinbase Upgraded by Oppenheimer as Crypto Exchange Is ‘Stronger Than Many People Realize’
Analyst Own Lau noted higher trading volume, the recent approval of the spot bitcoin ETFs, and a potential win in the company’s lawsuit against the SEC as the main drivers for the upgrade.
Crypto Whales Hunt for Bargains As Bitcoin Prices Slide, Data Shows
Bitcoin traded at a fat premium on Bitfinex compared to the küresel average price over the weekend, hinting at bargain hunting by whales.
FTX Sold About $1B of Grayscale’s Bitcoin ETF, Explaining Much of Outflow: Sources
BTC’s price has fallen since bitcoin ETFs were approved. In theory, now that FTX is done selling its substantial holdings, the selling pressure could ease since a bankruptcy estate liquidating holdings is a relatively unique event.
dYdX Tops Uniswap as Largest DEX by Volume
The decentralized exchange, which last year moved over to the Cosmos blockchain, just saw $757 million of volume over a 24-hour period.
Bitcoin Briefly Tops $49K Before Selling Off as ETF Trading Frenzy Commences
Cryptocurrency-focused stocks such as Coinbase and bitcoin miners are also down significantly since Thursday’s market open.
First Mover Americas: Grayscale’s Is the First ETF to Begin Trading
The latest price moves in crypto markets in context for Jan. 11, 2024.
Bitcoin ETFs Could Spark Huge BTC Trading. The Market Appears Up to the Task
Market makers, like trading firm DRW, have been preparing for months to be able to provide the necessary liquidity to ensure sufficient liquidity should the SEC approve bitcoin exchange-traded funds in the U.S.