Author: American Coins & Gold

Kraken Picks Optimism for New Layer-2 Network, Joining Coinbase's Base on 'Superchain'
The disclosure comes nearly a year after CoinDesk broke the news that Kraken was considering its own layer-2 network, following the runaway success enjoyed by Base after it launched in mid-2023.

CoinDesk 20 Performance Update: UNI Gains 6.3% as Nearly All Index Constituents Trade Higher
Bitcoin Cash was also among the top performers, gaining 2.9% since Wednesday.

First Mover Americas: BTC Rebounds to K After Subdued U.S. Economic Data Reading
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 24, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Solana Looks Overbought Against Ethereum; Bitcoin-Gold Ratio Stuck in a Downtrend
The SOL/ETH pair trading on Binance looks overbought after four-month winning trend.

Solana Looks Overbought Against Ethereum; BTC-Gold Ratio Stuck in a Downtrend
The SOL/ETH pair trading on Binance looks overbought after four-month winning trend.

Gold Rally Needs to Pause for Bitcoin Price to Break All-Time High, Data Suggests
In the past seven days, over 1 million ounces have gone into gold ETFs, the biggest inflow since October 2022.

Government Lawyers Defend Nishad Singh Saying He Provided ‘Substantial Assistance’ in FTX Investigation
Prosecutors in the case against former FTX executive Nishad Singh have asked the sentencing judge to take into account the “substantial assistance” and “exemplary cooperation” Singh provided to the government in its investigations into FTX when considering his sentence.

FCA-Regulated Crypto Trading Firm Portofino Technologies Sees Staff Exodus
The firing of the firm’s co-founder and its CFO in July triggered a wave of departures.

Bitcoin Trader Warns of Correction as BTC Dominance Reaches 2021 Levels; Solana Leads Market Gains
Dominance refers to the ratio between the market capitalization of BTC to the total market capitalization of all cryptocurrencies combined and is often used as a gauge for market sentiment. PLUS: Some Solana tokens are up as much as 70%.

Institution Takes M Hedge Bet on Derive's Bitcoin Options Market as U.S. Election Looms
The institution set up a multi-legged strategy in Derive’s onchain options market, generating $25 million in volume.