Ether's perpetual futures funding rates have soared to levels unseen since before August's global liquidation event. What are the market implications? During that period, major cryptocurrencies like Bitcoin and Ether plummeted alongside stocks, each losing over 20% of their value. In an interview with The Block, Gordon Grant, a derivatives trader, has issued a warning…
The Italian government intends to significantly increase the tax rate on Bitcoin capital gains, from 26% to 42%. In an effort to tighten economic policies, the government is also proposing to remove the €750 million minimum revenue threshold for its Digital Services Tax (DST). On October 16, Italian Deputy Economy Minister Maurizio Leo announced these…
Digital asset manager Grayscale has announced a list of 30 digital assets, including DOGE, that it says are being considered for new investment products. The company said that “As a leading crypto-focused asset manager, introducing investors to a diverse array of investible digital assets is an important part of our mission.” Accordingly, we’re excited to…
PayPal's stablecoin, PYUSD, has seen a sharp drop, with its market value shrinking by 40% since August when it topped $1 billion. By October 16th PYUSD’s Market Cap stood at $618 million, reflecting a significant decline in just six weeks. It now sits far below its August high, when it ranked as the fourth-largest stablecoin.…
PayPal’s PYUSD Stablecoin Plummets 40% in Market Cap Since August […] PayPal’s stablecoin, PYUSD, has seen a sharp drop, with its market value shrinking by 40% since August when it topped $1 billion, according to CoinGecko. By October 16, 2024, PYUSD stood at $618 million, reflecting a significant decline in just six weeks. It…
As the 2024 U.S. election looms, crypto assets are shaping voter preferences. Grayscale has released a report based on a survey of over 1,800 likely voters that reveals some surprising perspectives on crypto and the election cycle. The report, Election 2024 The Role of Crypto – September 2024, unveils growing awareness and support for crypto…
This Q4 2024 market report is brought to you by the Research Team at Techemy Capital. Techemy Capital Limited is a boutique investment management company focused on digital asset management. We seek to provide fund managers and institutional investors with clear, well-researched, and cutting-edge investment opportunities. Techemy Capital Limited is an authorised Financial Services Provider to…
Dogecoin, the top memecoin by market cap, has surged over 10% in the last 24 hours, part of a broader memecoin recovery, what’s the connection to Elon Musk? An 11-year-old memecoin, Dogecoin is one of the best-performing major digital assets this month and Doge is driving the crypto conversation thanks to this year’s memecoin phenomenon.…
Tesla has shifted its entire Bitcoin (BTC) holdings into a series of unidentified wallets, raising eyebrows across the crypto industry. Tesla, the renowned electric vehicle manufacturer, has shifted its entire Bitcoin (BTC) holdings—worth approximately $765 million—into a series of unidentified wallets, raising eyebrows across the crypto industry. The large transfer has left many questioning Tesla’s…
In a significant step towards launching its upcoming stablecoin RLUSD, Ripple has announced partnerships with seven major exchanges and platforms. The digital asset companies Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish were initial collaborators in bolstering the liquidity and adoption of RLUSD upon its release announced Ripple. Market makers B2C2 and Keyrock are…