Explore the latest industry news, insightful data, and exciting updates from CoinMarketCap.
͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Here comes another glimmer of hope! Just yesterday, the whispers of Bitcoin's resurgence grew louder when the OG crypto made a run past $63,000 before settling comfortably above $62,000. This move comes on the back of fresh macroeconomic data. Notably, options traders have been piling up bets on Bitcoin reclaiming new all-time highs by late June. And this latest price pump could be just the ignition of that very rally we've all been anticipating (No financial advice). But enough with the pleasantries - let's unpack all the details of the big developments that happened in crypto in the past 24 hours! Let's dive into the TLDR: | - Bitcoin blasts past $63K with incoming economic data. But why do inflation data and interest rates impact Bitcoin prices? 🤔
- North Korean hackers deploy new "Durian" malware to infiltrate crypto firms. But how does it work? 🇰🇵
- El Salvador flexes diamond hands with a real-time Bitcoin treasury tracker. How can you verify the country's current Bitcoin holdings? 🇸🇻
- Chinese cops bust $295M crypto underground banking ring. But how were they operating? 🇨🇳
- Bitcoin ETFs see a $116M inflow after exodus. What causedthis huge inflow? 💸
|
Let's dive into each of these stories! |
|
| | GLOBAL MARKET CAP | | $2.26T | | ▼1.21% (24h) | | | 24H MARKET VOLUME | | $66.56B | | ▲16.75% (24h) | | |
| | BITCOIN'S DOMINANCE | | 53.72% | | ▼0.05% (24h) | | | FEAR & GREED INDEX | | 55 | | Neutral | | |
|
|
 | Bitcoin | | | $61,795.42 | | ▼1.24% (24h) | |
|  | Ethereum | | | $2,908.34 | | ▼1.67% (24h) | |
|  | BNB | | | $586.26 | | ▼1.52% (24h) | |
|
|
Data as of: 14 May 2024 11:20 UTC |
|
|
The Og crypto pumped past $63,000, gaining nearly 3% over the past day alone. We've got not one but TWO major economic catalysts on deck this week. First up is the monthly US inflation reading that will be announced tomorrow. Will that CPI data show any signs of cooling, or keep this red-hot economy burning? But that's just the opening act. The main event is Federal Reserve Chair Jay Powell's economic remarks later this week. But how does it work? Why do inflation data and interest rates impact Bitcoin prices? Read the full story! |
|
|
Rate Hikes and the Fed – How Do They Affect Crypto Markets? |
|
|
| The relationship between the Fed and financial markets is complex. Learn how changes in the monetary policy affect the markets. |
|
|
The New "Durian" Malware 🇰🇵 |
The North Korean hacking group known as Kimsuky has launched a brand new malware upon the world. Codenamed "Durian," this malware is specifically targeting South Korean crypto firms. Here's how this attack goes down: Kimsuky exploits legitimate security tools that only South Korean crypto companies use to sneak the Durian malware right through the digital front door. Once inside, it's a full-scale cyber invasion. And there is more twist to this story! Are they only targeting South Korean firms or are other countries at risk too? Read the full story! |
|
|
El Salvador Has $360M Bitcoins 🇸🇻 |
Say what you want about the Bitcoin experiment in El Salvador, but their commitment to full transparency is undeniable. President Nayib Bukele's government just launched a real-time "proof-of-reserves" tracker that displays every satoshi in the country's Bitcoin treasury. And we're talking updated on-chain data that anybody can independently verify. As of today, the sovereign nation is HODLing a staggering 5,748 BTC - worth over $360 million at current prices. But how can you verify this amount? Read the full story! |
|
|
$295M Underground Crypto Banking Ring 🇨🇳 |
Authorities in the Jilin province just cracked down on a massive underground banking operation that was slinging over 2 BILLION yuan ($295 million) across international borders using cryptocurrency as their not-so-secret weapon. But how were they able to pull it off? Read the full story! |
|
|
| CoinMarketCap Application Tutorial
The Ultimate Guide 2024 |
|
|
Bitcoin ETFs Make a Comeback 🇺🇸 |
After four straight weeks of brutal outflows totaling over $1 billion, it appears the institutional herd is reversing course and cautiously returning to their Bitcoin ETF positions. Last week saw $116.8 million in net inflows spread across some of the big funds. Leading the charge was Fidelity's FBTC, pulling in $111.3 million to top the inflows leaderboard. Not far behind was Cathie Wood's ARKB with $82.8 million headed back into its Bitcoin basket. But on the other hand, GBTC kept on bleeding. What caused this huge inflow? And GBTC isn't having any luck? Read the full story! |
|
|
And that's a wrap. We will be back with more updates tomorrow! |
|
|
DISCLAIMER: Please be aware that CoinMarketCap is NOT a cryptocurrency exchange and does NOT facilitate the buying, selling, withdrawal or trading of crypto/token assets. The Portfolio feature is for tracking purposes only and does NOT act as a cryptocurrency wallet. |
You were sent this email because you subscribed to CoinMarketCap. To update your email preferences, click here. To unsubscribe from all CoinMarketCap emails, click here. | © 2024 Coin Market Cap Ltd
Office A RAK DAO business centre, RAK BANK ROC Office, Ground Floor, Al Rifaa, Sheikh Mohammed Bin Zayed Road, Ras Al Khaimah, United Arab Emirates |
|
|
|
|
|
|
|
0 Yorumlar