Arthur Hayes says he has closed Maelstrom’s entire directional book, and onchain trackers counted about $22 million in tokens leaving his wallets on Saturday morning. ‘I Dumped It All’ Hayes, the BitMEX co-founder who runs family office Maelstrom, did not bother with nuance. “I dumped it all,” he posted on X earlier on Saturday, saying […]
Bitcoin’s price traded near $80,500 Saturday morning, Oct. 24, with sellers controlling the shorter time frames despite longer-term technical indicators remaining positive. Exchange aggregation sites recorded a 24-hour low of $80,409, while Bitstamp logs identified support near $80,351 per coin. The technical picture remains bearish beneath $82,000, although largely neutral oscillators suggest the latest selling […]
Bitcoin closed a daily candle below its 50-day moving average for the first time since August, as $318 million in long bets were wiped out in a single day. The Line That Broke For roughly two months, bitcoin’s 50-day moving average (MA) acted like a floor where every dip toward it got bought. That status […]
Crypto contracts on Kalshi and Polymarket hit a record $2.7 billion in weekly volume, driven mostly by short-term bets on where bitcoin heads next. What Set the Record Exactly? Weekly notional volume in crypto-related contracts on Kalshi and Polymarket reached a record $2.7 billion, with most of that money going into short-term bets on bitcoin […]
An early ether buyer who paid just $18.83 per coin nine years ago has sold 3,000 ETH worth about $7.23 million, a 128x return. The Trail The math on this trade seems almost absurd, with onchain data from the wallet’s Arkham explorer page showing 3,000 ETH leaving a Gemini hot wallet roughly nine years ago, […]
A growing market for bitcoin-backed, multisig-secured loans now has what appears to be its first bank offering this type of product, as Sygnum and Debifi delivered on a promise made a year ago. Switzerland-headquartered digital asset bank Sygnum and Latvian bitcoin lending platform Debifi launched MultiSYG, a loan product that secures collateral in a multisig […]
Spot gold fell below $4,000 an ounce on Oct. 23 after a selloff that wiped an estimated $1 trillion off gold and silver in a single day. The Number That Is Crucial Gold traded at $3,998.72 early Friday in Asia, down 0.63% on the day, and briefly hit an intraday low near $3,986. That left […]