Bitcoin, Ether Drop Spurs $500M in Liquidations, But BTC Entering “Never Seen Before” Era

“Due to the rise of Ordinals and Bitcoin L2s, there are reasons to be bullish on the Bitcoin ecosystem. We are entering an era of Bitcoin that we have never seen before,” one market watcher told CoinDesk.Source

Bitcoin Dips 7% to Near $40K; Pullback Will Be Short-Lived, Say Experts

Bitcoin endured its worst daily drawdowns in 4 months, dipping over 7% to nearly $40,000. $XRP, $LINK, $ADA declined 8%-10%.Source

Explaining Bitcoin’s ‘Flash Crash’

The cryptocurrency’s volatility cuts both ways.Source

Binance’s Market Share of Crypto Trading Tumbled to 30% in 2023

The exchange has also witnessed a drop in its trading volume amidst the regulatory crackdown on the entity in the U.S.Source

FCA Slow to Take Crypto Enforcement Action, UK’s Public Spending Watchdog Says

Even when the financial regulator has the power to act, years can go by before it takes enforcement action, the U.K.’s National Audit Office said.Source

Seamless Protocol Issues SEAM, Bags First Base-Blockchain Token Listing on Coinbase

Seamless previously operated the “OG Points” program, allowing thousands of users to earn points in their on-chain wallets.Source

Coinbase, MicroStrategy, Marathon Stocks Buckle 5%-10% as Bitcoin Tumbles Below $42K

A “flash crash” in thin trading Sunday evening, saw bitcoin’s price plunge nearly 10% from the $44,000 level in the space of a few minutes.Source

Cathie Wood’s ARK Invest Sells Most Coinbase Shares Since July as Price Rises

ARK has been consistently selling Coinbase stock in recent weeks. Friday’s is the largest sale since July, when it sold 480,000 shares worth $50.5 million at the time.Source

Goldman Sachs Sees Fed Delivering First Rate Cut in Q3 2024: Reuters

The Fed’s benchmark interest-rate range is currently 5.25% to 5.5%.Source

Bitcoin Wallet Conio, Coinbase Team Up to Bring Crypto to Italian Banks

Conio is also deeply involved in the institutional uptake of digital assets, specifically the Euro Token project overseen by the innovation center of the Bank of Italy.Source