Crypto market maker Wintermute plans to invest about $1 billion in high-frequency trading and artificial intelligence target=”_blank” rel=”noopener noreferrer”>Bloomberg report citing founder and CEO Evgeny Gaevoy. Wintermute expects to fund the spending with retained earnings. The push follows a drop in crypto activity. Wintermute’s average daily trading volume fell to about $10 billion this year
As the leading cryptocurrency Bitcoin remains stuck in a narrow range, investors continue to act cautiously. While expectations of another $BTC drop persist in the market, crypto analytics company K33 Research has issued a warning regarding $BTC. According to the analysis firm, trading volumes in the Bitcoin market have decreased significantly, warning investors against possible
Hi readers, Welcome to our institutional newsletter, Crypto Long & Short. This week: Markets rarely break because capital is scarce, but rather when it is trapped in the wrong place, writes Jenna Wright of LMAX Group. Top headlines institutions should pay attention to by Francisco Rodrigues “$ENA’s funding sensitivity has structurally faded ” in Chart
Miden is planning to introduce a privacy-focused stablecoin backed by Circle Internet’s $USDC at the same time as the zero-knowledge blockchain prepares to debut its mainnet Issued natively on Miden using Circle’s xReserve infrastructure, USDCx will be backed 1:1 by Circle’s stablecoin held in an xReserve smart contract, the company said in a press release
CryptoQuant CEO Ki Young Ju warned investors, pointing out that the recent surge in the Bitcoin market is not driven by strong spot demand. Spot Demand is Necessary for Bitcoin’s Rise! Ki Young Ju, in a post from his X account, stated that the Bitcoin market is currently largely driven by the futures market, while
Standard Chartered-led Anchorpoint Financial has started a limited rollout of HKDAP, its Hong Kong dollar-backed stablecoin, four months after securing one of the city’s first two issuer licences. The initial rollout will focus on institutional payments and settlement before adding more access channels and cross-border applications. HashKey Exchange and OSL Group joined as authorized distributors,
U.S. inflation in July was in line with expectations, leaving expectations for another Federal Reserve rate hike broadly unchanged. The Consumer Price Index (CPI) rose 0.1% in July from the previous month, compared with economists’ forecast for a 0.1% increase and June’s 0.4% decline. On a year-over-year basis, CPI rose 3.4%, in line with forecasts
Bitcoin price recovered above $64,000 on Aug. 12 after a leveraged-position flush drove $BTC into the $63,200 support zone ahead of key U.S. inflation data. Bitcoin price action today According to data from crypto.news, Bitcoin ($BTC) price was trading near $64,130 at the time of writing, up 0.83% on the daily candle after moving between
A group of cryptocurrency companies has urged frontier artificial intelligence (AI) labs to give Bitcoin developers early access to their most capable models. The letter, published by the Bitcoin Policy Institute (BPI) on Monday, said many digital asset defenders, including Bitcoin Core developers, lack access to lab cyber programs and can be blocked by guardrails