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Cipher Mining seeks to raise up to $250 million in stock market offering

Cipher Mining seeks to raise up to $250 million in stock market offering

New York-based Cipher Mining aims to raise up to $250 million in a stock market offering of its common stock, a Sept. 21 regulatory filing shows. The move comes as bitcoin miners struggle to make ends meet in a tough revenue environment characterized by high electricity costs, depressed bitcoin prices and mining rigs depreciating …

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LUNA surges 3x, market cap jumps 200%; is this another Terra pump-and-dump?

LUNA surges 3x, market cap jumps 200%; is this another Terra pump-and-dump?

How to get-over your shady past? Well, incorporate a model (2.0 version/iteration) by learning from past mistakes. That exactly what Terra’s Phoenix blockchain token LUNA did as it recorded a >200% hike. But at what cost? Building from scratch LUNA – the cryptocurrency behind the Terra ecosystem witnessed some unprecedented hikes as we speak. At press …

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DEXes fall short on Solana again as market u-turn continues

DEXes fall short on Solana again as market u-turn continues

Decentralized Exchanges are continuing to tumble in the crypto industry with the general market downturn. Moreover, DEXes in the Solana ecosystem are also feeling pressure for the past three months. According to Solana Daily, the traffic of DEX projects has decreased “almost steadily” on Solana. In hindsight, this drop has coincided with the general depleting …

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Bear Market? Taxes? Crypto’s Allure in India Grows, KuCoin Survey Finds; Bitcoin Continues Holding Pattern Over $21K

Bear Market? Taxes? Crypto’s Allure in India Grows, KuCoin Survey Finds; Bitcoin Continues Holding Pattern Over $21K

Bitcoin and ether traded sideways. Bitcoin was recently changing hands at about $21,500, up a few fractions of a percentage point over the past 24 hours. After plunging late last week, the largest cryptocurrency by market value has been stubbornly clinging to its handhold above $21,000 amid largely tepid trading as investors wait for more …

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Celsius Token Price Rise Pegged to Market Dynamics Rather Than Fundamentals; BTC Retreats Again

Celsius Token Price Rise Pegged to Market Dynamics Rather Than Fundamentals; BTC Retreats Again

“In the last 24 hours, we’ve had a little bit of a pullback,” Joe Orsini, director of research at Eaglebrook Advisors, told CoinDesk TV’s “First Mover” program. “When you consider the move that’s been made with bitcoin up around 30% from June 18 lows, ether up about 115%, profit taking without FOMO, and some traders …

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Institutional Investors Are Increasingly Using Crypto Options Trading to Hedge Their Bets in Bear Market

Institutional Investors Are Increasingly Using Crypto Options Trading to Hedge Their Bets in Bear Market

By comparison, traditional options trading of stocks accounts for 20% of the market cap of the S&P 500 at the Chicago Board Options Exchange (CBOE), EDG said. “When you think of all the other [S&P 500]-like products including [exchange-traded funds], SP Minis, etc., you can see that bitcoin options have multifold growth ahead of it,” …

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