HCW analyst raises price target on Coinbase stock after its strong Q1 report
Coinbase reported strong results for its first financial quarter last week. HCW analyst Mike Colonnese now sees upside in “COIN” to $77. Coinbase stock is already up about 85% versus…
Tether’s market share expands to 61%, a two-year high as crypto centralisation grows: a Report
Key Takeaways Tether opened the year at a market cap of $66.2 billion, but has grown 22% to $81 billion CircleUSD has moved the opposite way, losing 21% of its…
Uniswap V3 liquidity grew 208% in Q1 as Coinbase and Binance saw declines: CCData report
Uniswap V3 recorded a 208% jump in liquidity in Q1. Coinbase and Binance saw declines of – 6.35% and -13.4% respectively amid regulatory pressures. The depeg of USDC and collapse…
Crypto industry “healthier” than what market prices indicate: a16z report
Andreessen Horowitz (a16z) has released its second edition of the State of Crypto report. According to the venture capital firm, the crypto industry has steadily grown over the years, even…
Report showing Binance.US unable to find bank partners in the US
The recent failures of Silvergate and Signature Bank left Binance.US without banking services. Binance.US is looking for a new bank partner to serve as a fiat on-ramp and off-ramp for…
Bitcoin price in “transition” even as non-zero balance addresses hit 45.4 million: Bitfinex report
The number of Bitcoin wallets with non-zero BTC balance recently hit a new all-time high of 45.388 million. However, daily active addresses and daily confirmed transactions have fallen. Bitcoin price…
Binance moved $1.8B of customer funds in a move similar to FTX: report
Binance reportedly moved the funds between August and December 2022. A Forbes report claims Binance sent the money to various hedge funds and platforms, including Cumberland, Alameda Research and Tron.…
Voyager is liquidating assets, including 2.2 trillion SHIB: report
Voyager reportedly received $100 million in USDC since 24 February. Crypto assets sold include 2.24 trillion Shiba Inu and over 15,600 Ether. Voyager filed for Chapter 11 bankruptcy in July…
Jump is the ‘US trading firm’ that made $1.28 billion off LUNA: report
Jump Crypto is reportedly the unidentified US trading firm” the SEC says helped re-peg TerraUSD in 2021. Terraform Labs and its CEO Do Kwon misrepresented the human effort as a…
Top Mt.Gox creditors opt for Bitcoin payout: report
Mt.Gox Investment Fund and Bitcoinica reportedly want reimbursement from the Mt.Gox Trustee to be in Bitcoin. The two firms are two of the largest creditors of Mt.Gox, a Bitcoin exchange…