Saturday, December 6

Crypto

Coinbase Shifts Crypto to New Onchain Wallets in Planned Migration

Crypto exchange Coinbase initiated a large fund migration on Saturday, moving tokens to new internal wallets in a scheduled, routine security procedure to reduce long-term exposure of keeping funds in the same wallet addresses, which are publicly known.The migration is…

Binance’s Teng Downplays BTC Volatility Amid Market Sell-Off

Richard Teng, the CEO of crypto exchange Binance, reportedly said Bitcoin’s volatility aligns with that seen in most major asset classes.According to a Friday Reuters report, Teng said during a media roundtable in Sydney that all asset classes go through…

Bitcoin ETFs Pull 8M as Ether Ends 8-Day Outflow Streak

Spot crypto exchange-traded funds (ETFs) saw a rebound at the end of the week, with all Bitcoin, Ether and Solana funds seeing inflows after a week of volatility and downturns. On Friday, spot Bitcoin (BTC) ETFs attracted $238.4 million in…

Can Bitcoin really be a store of value?

Key takeawaysGold has long met store-of-value standards, while fiat currencies lose purchasing power over time. Bitcoin now meets several of the same store-of-value benchmarks.With a hard cap of 21 million coins and around-the-clock global trading, Bitcoin offers digital scarcity, durability…

Solo Bitcoin Miner Wins 6K After Beating Huge Odds

A solo Bitcoin miner hit the jackpot on Friday, earning 3.146 BTC, worth roughly $266,000, after solving block 924,569 with only a tiny fraction of the computational power typically needed to win a block reward.The miner, who is believed to…

Ex-Coinbase Lawyer Announces Run for NY AG, Citing Crypto Policy

Khurram Dara, a former policy lawyer at cryptocurrency exchange Coinbase, officially launched his campaign for New York State Attorney General.In a Friday notice, Dara cited his “regulatory and policy experience, particularly in the crypto and fintech space” among his reasons…

BTC Hides Bullish Twist in Crypto’s Fastest Bear Market

Bitcoin (BTC) fell to $80,600 on Friday, extending weekly losses to more than 10%. Its monthly drawdown has now reached 23%, the steepest decline since June 2022. The drop below $84,000 also pushed BTC to test the 100-week exponential moving…

Anchorage Digital Adds HYPE Staking Support on HyperCORE

Anchorage Digital has expanded its support for the Hyperliquid ecosystem by adding HYPE staking on HyperCORE, complementing its existing HYPE custody services on HyperEVM. Staking, the process of locking crypto to secure a blockchain network in exchange for earning rewards, is…

ETF Outflows Reflect Short-Term Downturn, Not Weak BTC Demand: Analysts

The record outflows from Bitcoin exchange-traded funds (ETFs) represent short-term, “tactical” rebalancing rather than institutional flight from BTC, according to analysts at crypto exchange Bitfinex.Long-term Bitcoin (BTC) holders taking profit and selling their coins, and highly-leveraged positions flushing out of…

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