Analytics firm Santiment's social-media metrics suggest the crypto crowd is beginning to lean bearish.

Cryptocurrency data provider CryptoQuant has said that holders of Ethena Labs' USDe stablecoin should monitor the project's reserve fund to avoid risks related to the potential of a negative funding rate.

Binance and nine other foreign crypto exchanges were originally blocked in India due to non-compliance with the country’s Anti-Money Laundering (AML) regulations, but Binance is set to return after a four-month absence by paying a $2-million fine, according to The Economic Times. The Indian Financial Intelligence Unit (FIU) mandated that foreign crypto exchanges, including Binance, […]

Binance is considering re-entering the Indian market after paying a $2 million penalty to local authorities, according to a report from The Economic Times published today (Thursday). The cryptocurrency exchange was ousted from the country last January for failing to comply with local laws.India: A Lucrative Market for Crypto ExchangesThe report emerged just a month after KuCoin, a Seychelles-based cryptocurrency exchange, announced its compliance with Indian regulations. Binance, KuCoin, and seven other global cryptocurrency exchanges were blocked by India’s Financial Intelligence Unit for violating local anti-money laundering laws.Following the order of the Indian authority, the mobile apps of these cryptocurrency exchanges were removed from Google’s Play Store and Apple’s App Store. The domains of their websites were also blocked in the country.Although there is no official confirmation, the local publication cited two anonymous sources regarding the exchange’s planned re-entry into the country.“[It is] unfortunate that it took [Binance] more than two years to realise there is no room for negotiations, and [that] no global powerhouse can command special treatment, especially at the cost of exposing the country’s financial system to vulnerabilities,” one of the anonymous sources told the publication.Binance’s India StrategyBinance is the largest cryptocurrency exchange globally in terms of asset holdings and trading volume. It also dominated the Indian markets when it was operational there. Although there were several local crypto exchanges operating in India, Binance had an advantage due to its vast liquidity pool.India is a massive country with a population of over 1.4 billion. According to a report by the local crypto exchange CoinSwitch, the country has over 19 million cryptocurrency investors, of whom nearly nine percent are women. Further, about 75 percent of cryptocurrency investors in India are between the ages of 18 and 35 years.Despite the popularity of cryptocurrencies, the Indian government’s stance towards digital currencies has remained cautious. Currently, all crypto exchanges are required to deduct a 1 percent tax at source for all executed crypto transactions. OKX which was not named in the Indian authorities' banned list, also exited the country earlier this year, citing harsh local regulations. This article was written by Arnab Shome at www.financemagnates.com.

As Uniswap grapples with SEC scrutiny reminiscent of Ripple's past legal battles, the crypto community's attention shifts to Borroe Finance, a new contender in the blockchain space. #partnercontent

Markets in 2 Minutes: Backdrop Theme Is Trend of Higher Yields  Bloomberg

With the growing list of altcoins in the crypto market, it is easy to get lost in the market noise without discovering any real solution to blockchain common challenges. In all of this noise, Bitgert is forging ahead with the introduction of innovative features that are putting it ahead of these other noise makers. But [...] The post The Rise of Bitgert Coin: How It’s Reshaping the Crypto Landscape appeared first on Blockonomi.

The Omni Network (OMNI) token has had a turbulent launch, with its fake copy scamming some gullible users out of $400,000

Polkadot has seen a significant price drop over the past few days, but it has found much-needed support around the $6 mark. The price is currently at $6.54.

ADA was consolidating inside a bullish pattern, which hinted at a price uptick in the coming days.

Recent sell-off by longstanding Ethereum investor prompts fear, uncertainty and doubt amid period of declining ETH price

Blackrock, the world’s largest asset manager, has explained the importance of the Bitcoin halving. “One of the reasons some people find bitcoin valuable is its scarcity,” Blackrock explained, adding that the halving also “underscores Bitcoin’s decentralized, programmatic nature and its resistance to inflationary pressures that traditional currencies often face.” Blackrock on Bitcoin Halving Blackrock, the […]

Norway $1.6 Trillion Fund Misses Benchmark With 6.3% Return  Bloomberg

BlockFills, the provider of digital asset trading technology and liquidity solutions, has announced a strategic integration with Centroid Solutions' institutional-grade connectivity platform, Centroid Bridge. This collaboration aims to provide brokers and institutional clients with a centralized environment for price management, execution, comprehensive reporting, and BlockFills' round-the-clock digital asset liquidity access.BlockFills Partners with Centroid Solutions to Enhance Digital Asset TradingThe integration of BlockFills' liquidity offering with Centroid Bridge addresses the needs of brokerages by directly connecting these services to clients' trading platforms. Their partnership eliminates the requirement for multiple verticals to conduct operations, providing a cost-effective and efficient solution for clients who prefer to connect through a bridge platform."Our clients now have access to a panoramic ecosystem that supports their business evolution swiftly and without restrictions or added processing fees,” Nick Hammer, the CEO of BlockFills, commented. “The integration dispenses universal connectivity and execution, as well as 24/7 access to BlockFills' liquidity."BlockFills is fully integrated with Centroid Bridge to provide 24/7 digital asset liquidityBlockFills announced a full integration with Centroid Solutions' Centroid Bridge, providing 24/7 digital asset liquidity.— DexBot (@dexbot) April 18, 2024BlockFills' liquidity provision benefits a diverse clientele, including OTC desks, exchanges, payments firms, proprietary trading firms, and brokerages. The company's multi-asset technology platform addresses liquidity fragmentation issues in the marketplace, providing solutions for institutions in the digital spot, derivatives, and credit markets.Centroid Solutions' CEO, Cristian Vlasceanu, noted that the collaboration enables their clients to gain access to a wide range of digital assets with deep liquidity, unlocking new opportunities in the digital asset space.“Centroid Solutions takes a leap forward into the crypto market with the integration of BlockFills as a new cryptocurrency liquidity provider,” he added.Over the past few years, BlockFills has raised a considerable amount of capital from institutional investors, including a 2021 round in which CME Group participated. Then, in 2022, the company secured an additional $37 million in a Series A funding round, accumulating a total of $44 million since its inception in 2018.Centroid's Recent Strategic PartnershipsThe collaboration with BlockFills is just one of the latest partnerships announced by Centroid Solutions.Two months ago, Finalto Asia bolstered its presence in the Asia-Pacific region by partnering with Centroid Solutions. By leveraging Centroid's Bridge Connectivity Engine and Finalto's liquidity services, this alliance aims to deliver innovative and client-centric solutions that elevate the trading experience for Finalto Asia's clients.Centroid Solutions further expanded its offerings to multi-asset brokers through a partnership with TransactCloud towards the end of last year. This collaboration provides round-the-clock operational support and system interoperability services, significantly enhancing Centroid Solutions' capabilities.In October, Centroid Solutions announced a partnership with Skale, a CRM provider that comes pre-integrated with leading trading platforms, payment service providers, KYC tools, and business intelligence tools in the FX market. This article was written by Damian Chmiel at www.financemagnates.com.

Russian Diesel Exports Continue Plunge in Wake of Drone Attacks  Bloomberg

South Korea Plans First Carbon Fund to Tap Global Offsets Market  Bloomberg

One of the DOGE creators has made a peculiar statement on the upcoming Bitcoin halving

Asia Makes a Stand as Dollar Threatens to Upend Currency Markets  Bloomberg

European Gas Options-Buying Jumped During Recent Price Swings  Bloomberg

Despite Filecoin and Injective experiencing steep declines over the past week, expert forecasts suggest a bullish rebound soon, while Rebel Satoshi's RECQ rides a presale surge, gaining significant investor interest. #partnercontent

BP Reshapes Its Leadership Team as Some Executives Leave Company  Bloomberg

Iran Behshad Ship Linked to Houthi Red Sea Attacks Comes Home  Bloomberg

EU's Vestager Warns of Telecoms Merger Risks to Competition  Bloomberg

Jamie Coutts, a former Bloomberg analyst, wrote on the X platform that a conservative estimate is that by 2030, the number of daily active ...

... Bloomberg & CoinDesk guest | Author: "Crypto Titans" | Building the largest Crypto investment firm in the world. 25m. Report this comment; Close menu.

TSMC's Outgoing Chairman Liu's Short But Impactful Reign  Bloomberg

World's Best Airports 2024: Singapore Changi Loses Crown to Qatar's Doha Hamad  Bloomberg

Le Pen's Party Wants the ECB to Help Fund the Green Transition  Bloomberg

China's Favored Dividend Stocks Soar Toward Bubble Level  Bloomberg

As the US economy grapples with rising inflation expectations and scaled-back forecasts for Federal Reserve rate cuts, the Bitcoin market remains buoyant, according to a detailed analysis by Reflexivity Research. With the US CPI headline inflation projected to accelerate to 4.8% by the November 2024 elections, according to Bank of America, conditions are seemingly unfavorable for a loosening of monetary policy. Despite this, the cryptocurrency sector, particularly Bitcoin, appears insulated and optimistic. Bitcoin Unfazed By Delayed Rate Cuts? The bond market now anticipates only three Federal Reserve rate cuts this year, a significant reduction from the earlier forecast of six. The CME FedWatch tool indicates that the majority of market participants do not expect a rate cut to occur before the mid-September FOMC meeting. This adjustment reflects a recalibration of expectations regarding the Fed’s capacity to manage persistent inflation pressures. Amidst these macroeconomic shifts, Ritik Goyal, in a guest post for Reflexivity Research, presents a compelling analysis in his report titled “The Fed is Unable to Cause a Recession. Risk Assets are Yet to Realize This.” Related Reading: Pre-Halving Jitters: Bitcoin Price Briefly Slips Below $60,000 The report argues that, contrary to conventional wisdom, the Federal Reserve’s rate hikes have had unintended stimulative effects on the economy. Goyal elucidates three specific mechanisms through which this phenomenon operates: 1. Increased Government Interest Payments: “Rate hikes raised interest payments by the government to the private sector,” Goyal notes. As the Fed raises rates, it increases the interest burden on the government, which has borrowed extensively during the post-COVID period. With the federal debt-to-GDP ratio exceeding 120%, the doubled interest payments now effectively act as a stimulus, channeling approximately $1 trillion annually to the private sector 2. Direct Subsidy to Banking System: The Fed’s policy adjustments have also led to a redistribution of wealth within the financial system. “Rate hikes raised the Fed’s direct subsidy to the banking system,” states Goyal. This has occurred as the yield curve inversion resulted in the Fed incurring losses on its balance sheet, losses that directly benefit the banking sector, translating to an estimated $150 billion annual subsidy. Related Reading: Bitcoin Displays Bullish Adam And Eve Double Bottom: What It Means 3. Induced Housing Construction Boom: The rate hikes have paradoxically stimulated the housing market. “Rate hikes induced a housing construction boom,” according to Goyal. As higher rates discourage existing homeowners from selling, the only viable option to meet housing demand is new construction, a sector with one of the highest GDP multipliers. Goyal’s insights underline a critical misalignment in the Fed’s current approach against the backdrop of substantial fiscal interventions since the pandemic. “The traditional monetary policy framework is breaking down under the weight of fiscal dominance,” Goyal concludes, suggesting an environment that could favor non-traditional assets like Bitcoin. Echoing Goyal’s findings, crypto expert Will Clemente highlighted the broader implications for cryptocurrencies on X (formerly Twitter), stating, “With debt/GDP as high as it is, we’re in a backwards world where high rates mean interest payments on debt are stimmy checks for people that buy assets—~$1T will be paid out in 2024. Big picture is very constructive for the internet coins.” At press time, BTC traded at $61,173. Featured image from Shutterstock, chart from TradingView.com

Modi's 100-Day Agenda Includes $1.2 Billion New Cities Plan  Bloomberg

The China Brief: Impact of Tougher Rules on Listed Firms  Bloomberg

Swiss Watch Exports Plunge as China and Hong Kong Demand Dries Up  Bloomberg

Zimbabwe Central Bank Chief Says He'll Curb Excessive ZiG Gains  Bloomberg

Berkshire Sells ¥263.3 Billion of Bonds With Tighter Spreads  Bloomberg