Author: Crypto Insider

The crypto market has just clocked its largest three-day sell-off in almost a year, shedding $313 billion since Aug. 2. The sharp crypto sell-off arrived amid faltering performance from equities with the S&P 500 falling as much as 4.4% in the same time frame. The market stumble has been led by weak employment data, slowed growth…

Depending on who you listen to, crypto is a blessing or a curse. Many, like Texas Lieutenant Governor Dan Patrick, have convinced themselves our near future will be marked by a massive growth in energy demand to support Bitcoin mining that may ultimately break the electrical grid. On the other hand, former President Donald Trump has…

Crypto executives are scheduled to meet privately “next week” with White House aides and Democratic Party Representative Ro Khanna to address pressing issues and propose policy changes. According to a Bloomberg report, the roundtable will include high-ranking officials from Vice President Kamala Harris’s election campaign and the White House, including outgoing senior White House adviser Anita…

United States-based spot Ether exchange-traded funds (ETFs) saw significant movements on Aug. 2, with outflows from the Grayscale Ethereum Trust (ETHE) hitting $2.1 billion. According to data from SoSoValue, the total net outflows from spot Ether ETFs exceeded $54 million on Aug. 2. A significant portion of the outflows came from ETHE, which saw a single-day…

Ether experienced a 10% correction between July 31 and Aug. 2, retesting the $3,000 support for the first time since July 8. This movement significantly outpaced the broader cryptocurrency market, which declined by 6.8% during the same period. Despite this, Ether futures open interest rose to its highest level in seven months, leading traders to…

Morgan Stanely, the largest wealth manager in the United States, will soon allow its 15,000 financial advisers to start recommending Bitcoin exchange-traded funds (ETFs) to clients, according to a CNBC report. Starting Aug. 7, Morgan Stanley wealth managers can begin advising eligible clients to buy shares of two BTC ETFs — BlackRock’s iShares Bitcoin Trust…