Search results for Greg Cipolaro
Crypto
NYDIG says bitcoin weakness not driven by single factor, cites five variables including AI and IPOs
Recent weakness in bitcoin and the broader crypto market reflects overlapping pressures rather than a single negative factor, an analysis said. NYDIG Global Head of Research Greg Cipolaro outlined five headwinds in a weekly report dated June 5, CoinPost reported. He cited competition for capital from AI, prospects for large IPOs, remarks on U.S. seizure of Iran-related crypto assets, a shift in Strategy’s role, and renewed quantum-computing risk.
Crypto
NYDIG says BlackRock\'s IBIT $1.26 billion block trade shows signs of urgent liquidation by whale investor
A more than $1.26 billion block trade in BlackRock\'s spot bitcoin ETF iShares Bitcoin Trust (IBIT) last week may have been a large directional investor rapidly unwinding a concentrated position, NYDIG research head Greg Cipolaro said. The sale was executed in a dark pool at a $1.01 discount to market, implying about $29.5 million in concession. Bitcoin fell about 2.8 percent on the day, while U.S.-listed spot bitcoin ETFs have logged 11 straight sessions of net outflows.
Crypto
Crypto firms face wave of closures as bear market cuts trading and investment
A prolonged downturn in the crypto market is driving restructurings and business closures, with at least five firms this week announcing service shutdowns or bankruptcy steps. FantasyTop, Everclear and Zero Network outlined plans to halt operations, while Syndicate Labs said it would close and Bitcoin Depot entered U.S. bankruptcy proceedings. The moves have highlighted worsening liquidity and profitability pressures, even as investor interest concentrates in a few areas.
