Author: Michael Fawn
Michael Fawn
Michael Fawn is a cryptocurrency journalist and blockchain analyst with a passion for breaking down complex market trends into easy-to-understand insights. Covering everything from Bitcoin and Ethereum to emerging altcoins and Web3 innovation, Michael focuses on delivering accurate, timely, and engaging crypto news for investors and enthusiasts alike. With years of experience following the digital asset industry, Michael keeps readers informed on the latest developments shaping the future of finance.
Japan’s government reportedly supports the Bank of Japan implementing a rate hike as early as next month, according to Bloomberg.
Bitcoin showed minimal reaction to a 3.4% CPI report, indicating a breakdown in its expected correlation with macroeconomic indicators and monetary policy.
Metaplanet CEO Simon Gerovich confirmed a 5,014 Bitcoin transfer was a routine custody operation, with no sales and holdings unchanged at 43,000 BTC.
The CEO of South Korean crypto platform Delio has been sentenced to 15 years in prison for defrauding customers of approximately $50 million.
In July, spot Ethereum ETFs saw $365 million in inflows, surpassing Bitcoin ETFs’ $205 million, signaling increased institutional interest in Ethereum.
The SEC has cleared Franklin Templeton’s mutual funds and ETFs to invest in its blockchain-based BENJI money market fund, allowing for alternative custody structures.
Large holders of Chainlink (LINK) are reportedly accumulating tokens, signaling a potential shift in market sentiment or strategy.
Two Bitcoin whales have initiated significant short positions totaling $225.79 million, potentially setting the stage for a BTC squeeze if price levels shift.
Nigeria’s central bank has broadened access to its Open Market Operations, now allowing individuals, companies, and non-bank financial institutions to participate.
Mirae Asset is reportedly injecting an additional $35 million into the Korbit crypto exchange following its acquisition earlier this year.