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BlackRock deposited 21,910 Ethereum (ETH), worth around $117.82 million, to Coinbase Prime on Monday, October 20, leaving the market speculating as to what the investment firm’s next move might be. The transfer was done in ten transactions, nine of which were of about 3,000 ETH, or around $12.15 million, and one of more or less 2,109 ETH, worth approximately $8.45 million, according to data Finbold retrieved from Arkham Intelligence .  BlackRock ETH transfers. Source: Arkham Intelligence Institutional movements of this caliber are often seen as the groundwork for increased trading activity in the near future, or a rebalancing of the holder’s portfolios.  Accordingly, traders are now speculating whether the fund might increase its offloading soon. Last week, ETH ETFs had already seen a total of $312 million in outflows, with Blackrock’s iShares Ethereum Trust ETF (ETHA) accounting for $245 million. While there is still no telling what the next move coul...

Crypto markets have recently faced a sharp downturn, dropping to their lowest levels in three months and reversing most of the gains seen after Donald Trump’s U.S. presidential victory. The pullback has been fueled by both macroeconomic uncertainty and crypto-specific factors, deepening investor concerns about the market’s trajectory. Among the key factors weighing on sentiment is the recent Bybit exchange hack, described as the biggest crypto heist in history, which has further eroded trust in centralized platforms. Meanwhile, record outflows from spot Bitcoin exchange-traded funds (ETFs) suggest that institutional investors are temporarily pulling back, adding to selling pressure and fueling volatility. As a result, the global cryptocurrency market cap has fallen to $2.77 trillion, marking a 0.8% decline in the last 24 hours. As the market matures, accurately predicting cycle stages has become increasingly difficult. ...

$64 billion asset manager Citadel Securities will begin offering crypto trading and become a liquidity provider for cryptocurrencies, a Bloomberg report says. The firm aims to get added to the roster of market makers on various exchanges, including those run by Coinbase Global Inc., Binance Holdings, and Crypto.com. The firm was previously cautious about engaging with the crypto industry but has changed its tone due to its belief in Donald Trump’s administration lifting the crypto industry upward. JUST IN: $64 billion asset manager Citadel to offer crypto trading and become a liquidity provider for cryptocurrencies. — Watcher.Guru (@WatcherGuru) February 24, 2025 Once the firm is approved on exchanges, it initially plans to set up market-making teams outside the US, sources tell Bloomberg. The extent of the push and Citadel’s desire could change based on how or if new regulations roll out in the coming months. Currently, crypto is a major pillar in this administration’s prio...

Altcoins have been underperforming this cycle, raising doubts on whether this time will be different from previous altseasons. A crypto expert and onchain analyst provided one explanation of why it could be happening, looking at market dynamics. Previously, a market bull cycle was made of Bitcoin (BTC), reaching new highs and money rotating to altcoins. This dynamics created what analysts call an “altseason,” when other cryptocurrencies outperform Bitcoin, sending its market dominance downwards. On November 27, Ki Young Ju, CEO and analyst at CryptoQuant , noted that altcoins’ market cap lags behind that of Bitcoin. According to him, this is caused by a significant change in the demand for Bitcoin – away from spot exchanging. Picks for you SUI prepares for its largest unlock to date this Sunday – Should you be worried? ...