Coinbase&#8217;s strategic acquisitions could significantly enhance its market position and influence in the evolving crypto industry landscape. The post Coinbase is still open to more acquisitions after $2.9B Deribit deal, says CEO Brian Armstrong appeared first on Crypto Briefing.

Coinbase is still open to more acquisitions after $2.9B Deribit deal, says CEO Brian Armstrong

VanEck has launched a new exchange-traded fund designed to give investors 
access to the growing digital asset economy without holding crypto directly. 
In a May 14 press release, the company said the VanEck Onchain Economy ETF, 
under the ticker NODE,…

VanEck launches ‘NODE’ ETF targeting blockchain stocks and crypto-linked assets

The rise of Bitcoin treasury stocks highlights a growing trend of financial 
innovation, but also raises concerns about market volatility and 
sustainability.
The post Peter Schiff says buying Bitcoin treasury stocks is even worse than 
buying Bitcoin appeared first on Crypto Briefing.

Peter Schiff says buying Bitcoin treasury stocks is even worse than buying Bitcoin

Authorities in Europe have dismantled a massive cryptocurrency-based money 
laundering network that moved over €21 million for criminal groups across 
China and the Middle East. According to a May 14 statement, Europol 
coordinated with Spanish, Belgian, and Austrian law enforcement…

Europol busts €21m crypto laundering ring tied to China and Middle East crime groups

On-chain data shows the &#8216;Exchange Stablecoins Ratio&#8217; for Bitcoin has shot up 
recently. Here&#8217;s what it could mean for the asset&#8217;s price. Bitcoin Exchange 
Stablecoins Ratio Has Broken Above 5 As explained by an analyst in a 
CryptoQuant Quicktake post, the Bitcoin Exchange Stablecoins Ratio has 
registered an increase alongside the latest rally in the cryptocurrency&#8217;s 
price. The Exchange Stablecoins Ratio here refers to an on-chain indicator 
that keeps track of the ratio between the Exchange Reserves of BTC and the 
stablecoins. The &#8220;Exchange Reserve&#8221; is naturally the total amount of the asset 
that&#8217;s sitting in the wallets of all centralized exchanges. Related Reading: 
Where’s Next Major Dogecoin Resistance? On-Chain Data Points To This When the 
value of the indicator goes up, it means the Exchange Reserve of BTC is rising 
relative to that of the stablecoins. On the other hand, it going down implies 
stables are becoming more dominant on these platforms. The Exchange Reserve of 
both of these asset classes represents something different with respect to the 
wider sector. In the case of Bitcoin (and other such volatile assets), the 
Exchange Reserve can be looked at as a measure of the available selling 
pressure in the market. This is because of the fact that holders usually 
deposit their coins to these platforms when they intend to trade them away. 
The same remains true for the stablecoins as well, but since their price is 
&#8216;stable&#8217; by nature, selling from investors has no effect on it. While the 
selling of stablecoins doesn&#8217;t have any effect on their own price, it does 
hold implications for the volatile side of the market, if the stables are 
being swapped in favor of tokens like BTC. The assets being purchased using 
stables naturally feel a bullish effect on their price. As such, the Exchange 
Reserve of the stablecoins may be considered as a representation of the buying 
pressure in the sector. Now, here is a chart that shows the trend in the 
Bitcoin Exchange Stablecoins Ratio over the last few months: As is visible in 
the above graph, the Bitcoin Exchange Stablecoins Ratio has been going up 
recently, a sign that investors have been depositing BTC at a faster rate than 
stablecoins. The metric is currently sitting at a value of 5.3, which suggests 
the BTC Exchange Reserve is more than five times that of the stablecoin one. 
This may be a bearish development for the cryptocurrency, as it implies the 
potential selling pressure in the sector notably outweighs the buying pressure 
that stables can bring. As the quant says, This surge above the 5.0 threshold 
echoes the late-January peak near 6.1, which preceded a swift 
correction—implying traders may be gearing up to rotate BTC back into cash. 
Related Reading: Dogecoin Open Interest Up Despite Price Pullback, Data Shows 
It now remains to be seen whether the Bitcoin rally would be able to keep 
going regardless of this trend or not. BTC Price Bitcoin has taken to sideways 
movement during the past few days as its price is still floating around the 
$103,500 mark. Featured image from Dall-E, CryptoQuant.com, chart from 
TradingView.com

Bitcoin Exchange Stablecoins Ratio Surges—A Warning For Investors?

DAR crypto saw a massive price pump ahead of its scheduled delisting from 
Coinbase. According to CoinGecko, the token, originally tied to the blockchain 
game Mines of Dalarnia, shot up nearly 690% to hit an intraday high of $0.48 
on…