Bitcoin enters ‘bull pennant’ breakout as S&P 500 hits all-time high

Key Takeaways Bitcoin’s bull pennant pattern suggests a potential rally with a target of $158,000 by 2025. The S&P 500 reaching a record high coincides with bullish signals for Bitcoin. Share this... Read more »

Bank of Japan maintains interest rates at 0.25% after core inflation firm to 2.8%

Key Takeaways BOJ keeps rates at 0.25% following a 2.8% rise in CPI. US Federal Reserve cuts rates by 50 basis points, contrasting BOJ’s policy. Share this article The Bank of Japan... Read more »

BingX pledges to reimburse users after security breach

Key Takeaways BingX suffered a security breach targeting its hot wallet. The exchange commits to fully reimbursing affected users using its own funds. Share this article BingX, a Singapore-based crypto exchange, said... Read more »

Polymarket users outperform economists in predicting US rate cut

Key Takeaways 54% of Polymarket users correctly predicted the 50 bps Fed rate cut, outperforming 92% of economists. The crypto market value grew by 3.7% following the rate cut, while equities markets... Read more »

Powell downplays recession concerns amid solid economic growth

Key Takeaways Powell remains confident that the economy will be resilient despite external risks. Inflation nears Fed’s target, prompting a cautious but flexible policy response. Share this article Federal Reserve Chair Jerome... Read more »

Goldman Sachs, Coinbase alumni debut TrueX, a stablecoin-centric crypto exchange

Key Takeaways TrueX introduces a stablecoin-centric trading platform, aiming for minimal slippage between various stablecoins. The exchange secures $9 million in seed funding and collaborates with major crypto investors and companies. Share... Read more »

Binance urges WazirX to compensate users after $235M hack

Key Takeaways Binance asserts it has never owned or controlled WazirX, countering claims from the Indian exchange. Binance urges WazirX to compensate users affected by the $235 million hack. Share this article... Read more »

DBS to launch Bitcoin and Ethereum options trading for institutional clients

Key Takeaways DBS Bank will start offering crypto options and structured notes linked to BTC and ETH in Q4 2024. The bank’s new crypto products aim to provide hedging against market volatility.... Read more »

Polymarket traders see 99% chance of rate cuts this week

Key Takeaways Expected rate cuts could drive Bitcoin prices higher as investors seek riskier assets. Share this article Polymarket traders are overwhelmingly betting on a Federal Reserve rate cut this week, with... Read more »

Bitcoin inflows surge $436 million as Ethereum funds face outflows

Key Takeaways Digital asset investment products saw $436m inflows after a period of $1.2bn outflows. Bitcoin received $436m inflows, while Ethereum faced $19m outflows amid L1 profitability concerns. Share this article Bitcoin... Read more »