Fifth week of losses in crypto investment products sees $255M withdrawals

Ad Digital asset-based investment products saw $255 million in outflows during the week of Mar. 6 – 12, marking the fifth consecutive week of losses, according to CoinShares’ weekly report. The amount also marks the most significant single weekly outflow on record, which currently accounts for 1% of the whole market, as CoinShares’ data indicates. … Read more

60% of investors believe ETH has better growth potential than BTC – CoinShares survey reveals

Around 60% of investors believe that Ethereum (ETH) has a more compelling growth outlook, according to a survey by CoinShares. As opposed to the 60% siding with ETH, only 30% of the respondents said Bitcoin (BTC) had the most compelling growth outlook, according to the CoinShares survey. The survey included 43 investors who managed a total … Read more

Shift toward Liquid Staking Derivatives expected after ETH Shanghai upgrade

The Ethereum (ETH) Shanghai upgrade is due to release March, enabling withdrawals from beacon chain and allowing ETH currently staked in ETH 2.0 validators to be unstaked. With over 70% of ETH stakers currently at a loss with their ETH inaccessible, the Shanghai upgrade will enable stakers access to their ETH and decide whether to … Read more

Grayscale Ethereum Trust trades at record 59% discount

The Grayscale Ethereum Trust (ETHE) is trading at a record-low discount rate of 59%, according to the data shared by the crypto influencer DB. Source: @tier10k The Grayscale trust gathers money from institutions that wish to invest in various cryptocurrencies but want to avoid the challenges of buying, storing, or safekeeping their crypto. The funds … Read more

Over $360M Bitcoin leave FTX in 2 days, marking 10th largest withdrawal in 2022

FTX recorded a withdrawal of over $360 million worth of Bitcoin(BTC) in two days, with the majority of sell pressure coming from whales.  This is reportedly the tenth-biggest BTC withdrawal this year. In addition, Nansen data shows that FTX stablecoin outflows were the highest among exchanges over the past seven days, as reported by Data … Read more

Circle to ‘fully and solely support Ethereum PoS’

USD Coin (USDC) issuer Circle has revealed that it would fully support the Ethereum (ETH) proof-of-stake (PoS) chain post-merge. According to an Aug. 9 blog post, the stablecoin issuer was looking forward to “the future scaling opportunities (the Merge) unlocks as well as the reduced energy consumption profile of the network.” While we don’t speculate … Read more

Crypto shines in spite of dire macro conditions

The recent market recovery has caught most by surprise, mainly because macro conditions have certainly not improved, most notoriously with the latest CPI data at 9.1% year over year – much higher than expected. Nevertheless, according to some surveys, inflation expectations from the market are calming off. This is a major factor contributing to the … Read more

Three Arrows Capital’s founders resurface; hint at relocating to Dubai

Su Zhu and Kyle Davies, the escaping co-founders of Three Arrows Capital (3AC) have shown up to share their side of the story relating to 3AC’s collapse. They however maintained innocence on rumors about absconding with investors’ funds. In an exclusive interview with Bloomberg, the duo cited high leveraged bets, the fall of the Terra … Read more

Stacks founder claims Bitcoin will ‘win’ over ETH

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Stacks‘ Bitcoin maximalist founder Muneeb Ali said he doesn’t own any Ethereum since 2018 because it is losing against Bitcoin as money and as the major smart contract platform. My reason for not holding any ETH for the 2018-2021 cycle: (a) … Read more