Weekly Quick Hits

Coinbase Reportedly Secures $20 Billion Hedge Fund Through Its Prime Brokerage Services

Leading exchange Coinbase has reportedly secured investment from a prominent hedge fund responsible for over US$20 billion in funds. In what can only be seen as a positive sign for the cryptocurrency market, this announcement is the first of a string of many partnerships that Coinbase hope for as they shift their focus to creating on-ramps for large, institutional money.

https://cointelegraph.com/news/coinbase-reportedly-secures-20-billion-hedge-fund-through-its-prime-brokerage-services

$8K In Reach? 4 Barriers Await Emboldened Bitcoin Bulls

Continued positive trading signs have left many in the crypto world with their sights on breaking through the US$8000 mark, which would mark a clear bullish step for the market. Several areas of strong technical resistance still remain however before this can be achieved. Bitcoin must break through resistance created in early June before it can continue its resurgence in value seen in the last week

https://www.coindesk.com/8k-in-reach-4-barriers-await-emboldened-bitcoin-bulls/

$8K In Reach? 4 Barriers Await Emboldened Bitcoin Bulls — CoinDesk

www.coindesk.com

A break could be imminent as bitcoin has been consolidating for three days. But while the charts say bullish, plenty of resistance awaits.

CME Report: Bitcoin Futures Average Daily Volume up 93% in Second Quarter

Bitcoin futures volume increased by a whopping 93% in the second quarter of 2018, signifying a renewed interest in the cryptocurrency market. With large institutional investors like BlackRock investigating whether or not to join the increasing amount of institutional players operating Bitcoin futures portfolios, this volume should only continue to rise leading into the back half of 2018.

https://cointelegraph.com/news/cme-report-bitcoin-futures-average-daily-volume-up-93-in-second-quarter