Explore the latest industry news, insightful data, and exciting updates from CoinMarketCap.
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The sentiment out there is pretty bearish today - not in terms of prices, but from all these experts giving their gloomy predictions. Makes you nostalgic for those boring days when crypto was just moving along quietly. So let's unpack all the details of the big developments that happened in crypto in the past 24 hours! Here's a rapid-fire TLDR of the top stories: | - Mike Novogratz believes Bitcoin's stuck under $75k for a while. What's his reasoning? And what could shake things up? 🤔
- Bloomberg analyst states Ethereum spot ETF is not getting approved. Big claims there - wonder what they're basing it on? 🧐
- Paradigm launches block trading for MATIC, SOL, XRP options. But how is it different from regular trading? 🤨
- Tether hit the freeze button again on $5.2m linked to phishing scams. But what were the scams exactly? 🕵️♂️
- Coinbase had an outage this morning. How longdid it take them to fix it?
| Let's dive into each of these stories! | |
| GLOBAL MARKET CAP | $2.27T | ▲0.34% (24h) | | 24H MARKET VOLUME | $70.5B | ▲6.0% (24h) | | |
| BITCOIN'S DOMINANCE | 54.26% | ▲0.53% (24h) | | FEAR & GREED INDEX | 52 | Neutral | | |
| | | Bitcoin | | $62,631.99 | ▲1.42% (24h) | |
| | Ethereum | | $2,901.93 | ▼0.17% (24h) | |
| | BNB | | $567.96 | ▼3.11% (24h) | |
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| Data as of: 15 May 2024 11:20 UTC |
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| Bitcoin To Remain Trapped Under $75K | According to Mike Novogratz's calculations, Bitcoin could remain stuck beneath $75,000...at least until some political or economic shockwaves break the spell. On Galaxy Digital's latest earnings call, Novo suggested Bitcoin's consolidation between $55k and $75k for the foreseeable future. But what's the reason for this prediction? And what can help Bitcoin break above this zone? Read the full story! | |
| Analyst: Odds of Ethereum Spot ETF Approval "Slim to None" | According to one prominent analyst, the odds of the SEC greenlighting a spot Ethereum ETF are basically slim to none. With the pivotal May 31st decision deadline rapidly approaching, Bloomberg's senior ETF guru Eric Balchunas went on X voicing his outright skepticism. But why do they think there is no chance of approval? Read the full story! | |
| Wednesday, 15 May on 4PM UTC | | KillerWhales - Top 5 Hottest Projects This Week | Learn more about the projects aspiring to be featured on Season 2 of KillerWhales. | |
| Block Trading for MATIC, SOL, XRP Options | Paradigm has just announced a new block trading facility - and they're kicking things off with MATIC, SOL, and XRP derivatives. For those not familiar with OTC lingo, block trades refer to those supersized, negotiated transactions way too large for your average exchange order book. But how is it different from regular trading? Read the full story! | |
| Tether Hits the Freeze Button Again | Looks like Tether's been busy cracking down on some shady activities again. Word on the crypto street is they just froze $5.2 million worth of USDT linked to phishing scams. Now, the full details aren't public yet. But from what we're hearing, some sketchy group was running phishing schemes. Tether caught wind of it and didn't hesitate to swing that freeze hammer down. What were these scams exactly? Read the full story! | |
| Your Crypto, Organized and Analyzed |
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| Managing multiple crypto investments can get complicated, but it doesn't have to be. CoinMarketCap's Portfolio Tracker brings all your investments onto one clear, organized dashboard. Signing up allows you to oversee various portfolios, compare their performances, and adjust your strategies based on real-time data. Perfect for keeping everything in check! | | |
| Major Outage Hits Coinbase! | Coinbase had a pretty rough morning. The crypto exchange giant was hit with a major service outage that disrupted operations for several hours. What caused this outage and how long did it take them to fix the issue? Read the full story! | |
| And that's a wrap. We will be back with more updates tomorrow! | |
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