Wed. Feb 3, 2021
Today’s Top Stories 📰
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ETH has smashed through $1,500 for the first time — but JPMorgan fears the imminent launch of Ether futures could trigger “negative price dynamics.” Bitcoin’s sharp fall from $20,000 back in December 2017 coincided with the launch of BTC futures. Not everyone agrees with this warning, and some believe it could fuel institutional adoption. Find out why here.
After teetering on the brink of falling under $30,000, Bitcoin is back — surging beyond $35,000 and even touching highs of $36,767. All of this is adding to optimism that last month’s bull run is going to resume. Guggenheim’s Scott Minerd says the recent climb from $20,000 to $40,000 “smacks of short-term speculation” — but he’s made a big prediction for the future.
Two major crypto exchanges are now in the top 1,000 sites visited worldwide. Binance is the 839th most-popular site globally, while Coinbase is ranked 874th. Both trading platforms have benefited from the recent bull run — and they’re now more popular than several established finance brands. Who’s eating their dust?
Legal woes are piling up for Robinhood. A new class action lawsuit has been filed against the stock trading app, along with the likes of TD Ameritrade and WeBull. The companies have been accused of denying customers the chance to profit from volatility by suspending trading in GameStop and other stocks, manipulating their course in the process. Read more.
Justin Sun’s decision to invest in GameStop and AMC on Monday isn’t paying off. The Tron founder threw $12 million at shares championed by Wall Street Bets — declaring they were “ready to moon.” But in the space of two days, both assets have dropped significantly… and they’re now down 70% from when he bought in. Read more here.
Crypto Is Hiring 💼
Crypto Content & Social Media Wizard at Innovion
Solidity Developer to build the future of market making at Polymarket (Remote / NYC)
Communications Lead at Vite Labs
DeFi, Solidity Lead Engineer at Nomisma
Digital Marketing Co-Ordinator at Glitch
Senior Go Developer at Swarm (remote)
Global Talent Acquisition Lead at CoinDesk (New York)
Thanks for reading! Have a great day — more news tomorrow! 👋
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