Latest news with #CoinbaseInstitutional
Yahoo
2 days ago
- Business
- Yahoo
Shiba Inu Recovers Amid Massive $36M Whale Transaction; Still Stuck in Downward Channel
Memecoin Shiba inu SHIB has chalked out a 3% recovery from overnight lows under $0.00001200, outperforming bitcoin BTC despite reports of a massive whale transaction. On Thursday, SHIB experienced a significant 7.7% correction, dropping to 0.0000119 before finding strong support at the 0.0000120 level. Prices have since bounced to $0.00001241, according to CoinDesk data. A massive whale transaction of 2.87 trillion SHIB, worth $36 million to Coinbase Institutional, initially triggered market concerns, according to CoinDesk's AI research. The transaction, however, was later identified as being associated with market maker custody rather than a whale looking to sell coins. However, despite the recovery, SHIB still trades 10% lower for the week as investors navigate broader market pressures. Furthermore, the cryptocurrency remains stuck in a downward-trending channel, identified by trendlines connecting the highs on May 12 and May 23 and the low on May 17. SHIB dropped from 0.0000129 to a low of 0.0000119, representing a 7.7% decline with exceptionally high volume (2.9B) during the 19:00 hour sell-off. The price found strong support at the 0.0000120 level, with accumulation evidenced by above-average volume, establishing a clear demand zone. An ascending support trendline has formed during the recovery phase, with the price stabilizing around 0.0000122, approximately 4.9% above the period low. SHIB demonstrated a significant recovery pattern in the last hour, climbing with notable volume spikes. Substantial accumulation occurred at 07:55 with exceptionally high volume (32.3B). A clear resistance zone emerged at 0.0000123, which was successfully breached during the final minutes of the period. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
How Glassnode's data revolution empowers wealthy investors
How Glassnode's data revolution empowers wealthy investors originally appeared on TheStreet. Are you leaving millions on the table in the crypto market? For high net-worth individuals and family offices, the digital asset space can feel like a gamble—complex, risky, and opaque. Enter Glassnode, the leading blockchain data and intelligence platform trusted by top hedge funds, banks, and traders worldwide. With cutting-edge on-chain analytics, Glassnode turns the crypto market from a black-and-white snapshot into a vivid, 3D masterpiece, revealing opportunities and risks others miss. Daniel Blackmore, Glassnode's Chief Commercial Officer, explains how their data-driven insights are helping traditional investors conquer crypto with confidence—and rake in alpha. Daniel Blackmore's journey to Glassnode started in the high-stakes world of traditional finance. 'I spent most of my career in banking as an interest rates trader and salesperson, dealing with hedge funds, sovereign wealth funds, and banks,' Blackmore shared. Frustrated by manual processes that screamed for automation, he saw blockchain and smart contracts as the solution. This led him to Coinbase Institutional, where he worked with financial giants, before joining Glassnode to tackle a bigger challenge: making crypto markets transparent and actionable. 'Glassnode is helping trading institutions, investors, and researchers form a view on digital assets and act upon it,' Blackmore explained. The problem? Most investors rely on outdated, traditional datasets—spot prices, ETFs, futures—that leave them blind to crypto's unique dynamics. Glassnode's on-chain data reveals what's really happening under the hood, from capital flows to investor behavior, giving users an edge in a market where billions have been lost to poor decisions. For high net-worth individuals, crypto can seem like a leap into the unknown. Blackmore gets it. 'They're using traditional approaches, which do fine, but they're leaving money on the table,' he said. Conventional data like market prices or ETF flows shows only half the picture—it's like trading in 2D. 'When you add on-chain data, it's like seeing things in color or in 3D,' Blackmore emphasized. Imagine tracking money moving from wallet to wallet, identifying whether it's a hedge fund or a retail trader, a long-term holder or a short-term speculator. Glassnode's analytics—covering Bitcoin, Ethereum, DeFi, and more—let you see capital flows, investor psychology, and market sentiment in real time. For example, their recent Q4 2024 report with Fasanara Digital highlighted Bitcoin's surge to $90K and ETF inflows, pinpointing where smart money is moving. This isn't guesswork—it's data-driven alpha that helps you outsmart the market. What's holding TradFi investors back? 'The biggest thing crypto-native people forget is how deep in the weeds they are,' Blackmore noted. Complex jargon and tech details scare off newcomers who just want the basics: how to buy, store, and profit safely. 'They need Bitcoin 101—how to buy assets, store them, or have a custodian do it,' he said. Many prefer custodians over self-custody, and Glassnode bridges this gap by speaking TradFi's language, using familiar frameworks enhanced with on-chain insights. Think of crypto like cloud computing in the early 2000s. 'People don't need to know how the cloud works—they just know it's superior,' Blackmore said. Glassnode simplifies blockchain data so you don't need a PhD to take advantage of opportunities. Their tools ensure security and clarity, letting you focus on returns, not risks. With over 800,000 users and partnerships with giants like Coinbase Institutional and CME Group, Glassnode's credibility is rock-solid. What sets Glassnode apart? Their comprehensive analytics suite combines on-chain and off-chain data, offering metrics like Supply Mapping and Cost Basis Distribution to reveal investor behavior across hundreds of assets. 'We're engaging with tier-1 players—hedge funds, proprietary trading firms, VCs, family offices, banks,' Blackmore said. Their 'Week On-Chain' and 'Market Pulse' reports deliver quick, actionable insights, while bespoke research helps institutions tailor strategies. Recent posts on X highlighted Bitcoin's rally and profit-taking trends, showing how Glassnode spots market shifts others miss. Unlike competitors like Chainalysis or Nansen, Glassnode's focus on institutional-grade tools and deep coverage of Bitcoin, Ethereum, and 500+ ERC-20 tokens makes it the go-to for serious investors. How Glassnode's data revolution empowers wealthy investors first appeared on TheStreet on Jun 3, 2025 This story was originally reported by TheStreet on Jun 3, 2025, where it first appeared.
CNBC
12-05-2025
- Business
- CNBC
Bitcoin surges past $100K: Coinbase's John D'Agostino on the crypto rally
John D'Agostino, Coinbase Institutional head of strategy, joins 'Squawk Box' to discuss the latest bitcoin price trends, the comparison to gold vs. Nasdaq, state of cryptocurrency at large, regulation around crypto, and more.
Yahoo
25-04-2025
- Business
- Yahoo
CoinDesk Weekly Recap: Finally, the Bitcoin Rally
After several weeks on a plateau, bitcoin saw some action this week, climbing to more than $95,000 at press time. It was up 12% on the work-week, buoyed by better macro news and a feeling that the worst of tariff-mania may be over. The CoinDesk 20 — which tracks about 80% of crypto market cap — jumped 10%-plus in the last five days. In an interview with CoinDesk's Sam Reynolds, Coinbase Institutional's John D'Agostino attributed the rally to institutions and sovereign wealth funds accumulating bitcoin. Retail traders, by contrast, were tending to exit bitcoin ETFs, he said. Institutions continued to back bitcoin-accumulation vehicles. On Wednesday, Strike CEO Jack Mallers and Cantor Fitzgerald's Brandon Lutnick unveiled Twenty One Capital, a new bitcoin investment company backed by Tether, Bitfinex, and SoftBank. Twenty One will have the third largest bitcoin corporate treasury with 42,000 BTC, Reynolds and Francisco Rodrigues reported. There was increasing evidence from the options markets that traders are willing to hold BTC through market swings, which explains why bitcoin held relatively steady when stocks and bonds were diving in recent weeks. CoinDesk's market wizard Omkar Godbole reported on that. Bitcoin became the fifth most-valuable of all financial assets this week, surpassing Google's market cap for the first time. Not bad for a protocol that started as a hobby among cypherpunks 20 years ago. In other news, Zora's much-hyped token launch sagged a little on debut. Analysts said traders were weary of so-called 'VC tokens' with relatively little liquidity. 'The $ZORA launch highlights a recurring issue in Web3: overpromising and underdelivering,' Min Jung, a research analyst at Presto, told markets reporter Shaurya Malwa. Ouch. But rising prices for core crypto assets is opening space for expansive Web 3 ideas. This week, the hit British TV series Peaky Blinders launched a blockchain-based video game and Web3 'ecosystem,' for instance. And, in a shift from a year ago, we saw plenty of other gaming and cultural-crypto news announcements. Still, if you had to pick two winners in the current market, you'd have to go for bitcoin and… stablecoins (there are going to be hundreds of them soon). This week, USDC-issuer Circle announced a new global payments and remittances network (Ian Allison reported), and Coinbase free conversion between U.S. dollars and PayPal's PYUSD stablecoin. You can't go really too far wrong — though it's not investment advice —accumulating bitcoin, and paying in stables. Sign in to access your portfolio
Yahoo
24-04-2025
- Business
- Yahoo
Bitcoin's April Rally Driven by Institutions, While Retail Flees ETFs: Coinbase Exec
Bitcoin's (BTC) breakout to $93,000 is being driven by deep-pocketed institutions, not retail exchange traded-fund (ETF) buyers, said Coinbase Institutional's John D'Agostino on CNBC. The rally began in early April, as institutional investors, and sovereign wealth funds quietly accumulated BTC with their "patient pools of capital" while retail investors were still pulling capital from spot ETFs. 'Institutions, sovereigns, patient pools of capital were piling in,' he said. 'Retail via the ETF were exiting. So you've got to ask yourself, what do the institutions know?' That institutional conviction is now being formalized. Earlier this week, Strike CEO Jack Mallers and Cantor Fitzgerald's Brandon Lutnick unveiled Twenty One Capital, a new bitcoin investment company backed by Tether, Bitfinex, and SoftBank. The company will launch with more than 42,000 BTC and is expected to trade publicly under the ticker 'XXI' after merging with Cantor Equity Partners, a $200 million SPAC. D'Agostino has a three-part thesis as to why this is happening. First is de-dollarization: sovereigns and institutions reduce USD exposure as trade weakens. Second, decoupling from tech: Bitcoin shedding its Nvidia-adjacent identity. Third, hedge basket theory: Bitcoin ranks in the top five in inflation hedge models used by veteran commodities traders. "Bitcoin is trading on its core characteristics, which again are similar to gold. You've got scarcity, immutability, and non-sovereign asset portability," he continued. "So it's trading the way people who believe in Bitcoin would like it to trade." Meanwhile, major altcoins like ether (ETH), Solana's SOL, and Cardano's ADA have yet to make similar technical moves. The CoinDesk 20 (CD20), a measure of the performance of the world's largest digital assets, is down 3% over the last month while BTC is up 7%. This recent move in prices might have pushed back up retail interest in BTC ETFs. Data from SoSoValue put ETF inflow over $900 million for the second day in a row for Wednesday, putting ETF inflow over $2.2 billion between April 21 and 23. There were 9 days in this month where Bitcoin ETFs saw net outflows, totaling approximately $1.21 billion Sign in to access your portfolio
