Author: Kryptonews

Bitcoin’s several breakouts past $110,000 this week have pushed bullish market sentiment to a seven-month high, which was last seen during US President Donald Trump’s election win. As of June 11, there are 2.12 positive Bitcoin comments for every negative comment on social media, crypto analytics platform Santiment said in a June 11 X post. This is the highest ratio since Nov. 6, the day after Trump won the presidential election, when Bitcoin surpassed $70,000 for the first time.Retail interest in Bitcoin has been lagging this cycle, with Bitcoin’s price gains attributed to institutional and nation-state adoption. A positive shift in…

Good Morning, Asia. Here’s what’s making news in the markets:Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas.As Asia begins its Thursday business day, ETH is trading at $2,770.ETH is up almost 11% this month, according to CoinDesk market data, outperforming BTC, which rose 5%.Part of this could be because of institutional trading demand, and the fact that it’s overtaken BTC in derivatives markets as sophisticated investors increasingly bet on ETH’s structural growth and role…

A well-known trader has taken a short position of $60.8 million on Ethereum amid its recent profits. Ethereum is finding it hard to surpass the resistance area at $2,750, which caused past price rejections. Whales continue to buy ETH in huge quantities, as analysts indicate the potential for consolidation or decline. Ethereum’s price has edged above $2,700, triggering cautious optimism among traders. However, a mix of whale accumulation and renewed short interest from a high-profile trader is keeping sentiment balanced. With resistance forming at $2,750, Ethereum’s next move could set the tone for the broader altcoin market. According to on-chain…

Understanding the Basics of Blockchain Blockchain is often described as the digital ledger behind cryptocurrencies like Bitcoin and Ethereum, but its applications extend far beyond finance. At its core, blockchain is a decentralized, immutable record of transactions distributed across a network of computers. This "chain of blocks" stores data in a way that ensures transparency, security, and accountability—without requiring a central authority. Key characteristics of blockchain include: Decentralized: No single entity controls the data. Immutable: Transactions are permanent and cannot be altered. Transparent: All participants can verify records (in public or permissioned networks). Cryptographic Hashes: The Core Security Mechanism The…

Key Takeaways Bitcoin’s price has surged past $110,000 as US inflation data came in better than expected. Easing tariff concerns and favorable inflation trends are predicted to push Bitcoin into a continued rally. Share this article Bitcoin’s price reclaimed $110,000 on Wednesday morning, surging briefly after the US May inflation report came in below economists’ expectations, according to TradingView data.At press time, the largest digital asset was trading around $110,300, marking a slight gain over the past 24 hours.Nic Puckrin, crypto analyst, investor, and founder of The Coin Bureau, believes Bitcoin has further upside potential as inflation is milder than…

Bank of America CEO Brian Moynihan confirmed the lender plans to issue a dollar-pegged stablecoin and is working on an internal build conducted alongside other industry participants, Reuters reported on June 11.However, Moynihan added that any progress in a potential launch would be contingent on forthcoming federal rules. He also told investors the bank “has to be ready” even though demand remains uncertain. He added that US lawmakers are discussing legislation that “will allow us to figure out whether there’s really a business proposition,” referring to a bill that would create uniform requirements for reserve quality, redemptions, and disclosures. The remarks signal…

Understanding the Ripple Effect of Financial DecisionsEvery investment or trade carries with it the potential for impact, both positive and negative. For investors and traders, a deep understanding of these impacts is crucial for not only maximizing returns but also mitigating risks and navigating the complexities of the financial markets. This article explores the key areas where impact significantly affects investors and traders.## Market Volatility and Capital PreservationFinancial markets are inherently dynamic, susceptible to ebbs and flows influenced by a myriad of factors – economic indicators, geopolitical events, company earnings, and even investor sentiment. These fluctuations cause market volatility, which…

GameStop (GME) shares fell 11.7% in after-hours trading after announcing a $1.75 billion private convertible senior note offering — extending its debt financing strategy that could fund additional Bitcoin purchases.GME had already slid 5.34% to $28.55 during normal trading hours on Wednesday after GameStop reported a first-quarter revenue fall of 17% in after-hours the day before. GME’s change in share price on June 11, including after-hours. Source: Google FinanceGameStop recently bought $513M in BitcoinThe US video game and consumer electronics retailer didn’t explicitly state that the proceeds would be used to fund additional Bitcoin purchases, but said it intends to make…

Introduction to Blockchain in Finance The financial sector has long been dominated by centralized systems, with institutions like banks serving as intermediaries. However, the rise of blockchain technology is transforming this landscape, promising greater transparency, security, and efficiency. Initially recognized for its role in cryptocurrencies like Bitcoin, blockchain is now expanding its influence across banking, payments, insurance, and more. How Blockchain Works in Finance At its core, blockchain is a decentralized, distributed ledger technology that records transactions across a network of computers. This immutable record ensures that data is secure, tamper-proof, and accessible to all participants. In finance, blockchain can…

It’s always fun to hear about new grants as they’re awarded, but what happens after the announcement? In this series, we’ll check in on a couple of projects that are well underway – or already at the finish line. Read on to learn about some recent milestones and achievements by grantees! SSZ.dev: Technical Specs and Resources for SSZ – SimpleSerialize In preparing for the move to Proof of Stake, Ethereum’s core developers have taken the opportunity to revamp some elements of the Ethereum protocol. This was the case with SSZ, or Simple SerialiZe, the canonical serialization format for Ethereum’s PoS…