News
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Ethereum surges in long-term holdings despite 2% price drop
- June 15, 2024
- Posted by: [email protected]
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No CommentsEthereum (ETH), the native cryptocurrency of the Ethereum network, has witnessed a substantial increase in long-term holder accumulation, even as its price dipped by 2% within a 24-hour period. Julio Moreno, head of research at CryptoQuant, underscored this surge in demand in a recent post on X, revealing that buying activity by long-term holders has
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Bitcoin price rebounds to $66K amid speculation on end of sell-off
- June 15, 2024
- Posted by: [email protected]
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Bitcoin (BTC) has recently experienced a tumultuous period, with its price dropping to $66,000 amidst significant outflows from spot Bitcoin ETFs. This downward trend has been exacerbated by the Federal Reserve’s revised rate-cut projections and mixed signals from recent economic data. As investors navigate market uncertainty and shifting expectations, the crucial question arises: Is the
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TON blockchain outperforms Ethereum in daily active users
- June 14, 2024
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Telegram’s “The Open Network” (TON) blockchain has consistently outperformed Ethereum in terms of daily active addresses throughout this month. Delphi Digital, a prominent analytics firm, recently highlighted TON’s impressive growth in a post on X, attributing this achievement to Telegram’s massive user base of 900 million. They referred to this as “The Flippening CT ignores,”
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Bitcoin mining stocks skyrocket following Trump’s pro-mining campaign promise
- June 14, 2024
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Bitcoin mining stocks experienced significant gains on Wednesday following a pledge by United States presidential candidate Donald Trump to bolster domestic mining operations. On June 12, Trump articulated his vision for the US to dominate the energy sector by producing all remaining Bitcoin within the country. This statement came after a meeting between Trump and
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Aethir unveils next-gen cloud network on Ethereum mainnet
- June 13, 2024
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The Decentralized Public Infrastructure Network (DePIN), Aethir, has officially launched its cloud network on the Ethereum mainnet. DePINs are blockchain-based protocols designed to create and operate the physical hardware infrastructure of a network in a decentralized manner, offering a transformative approach to cloud computing and resource management. Aethir’s cloud computing platform enables data centers, cloud
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Bitcoin nears $68K amid Fed moves, FOMC expectations, and inflation concerns
- June 13, 2024
- Posted by: [email protected]
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Bitcoin (BTC) is currently trading around $67,850, experiencing an intraday low of $66,123. The recent surge in the US dollar, underpinned by strong economic data, has played a significant role in the bearish trend affecting BTC prices. Investors have adjusted their expectations concerning an imminent Federal Reserve interest rate cut in September. This adjustment stems
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Metaplanet’s share soars following its additional Bitcoin purchase
- June 12, 2024
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Metaplanet has experienced a remarkable surge in its share price following the announcement of its third significant Bitcoin (BTC) purchase in just seven weeks. On June 11, the company disclosed that it had acquired an additional 23.25 bitcoins, valued at nearly $1.59 million. This recent acquisition underscores Metaplanet’s strategic commitment to expanding its Bitcoin holdings,
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Bitcoin price under pressure as investors anticipate further sell-off
- June 12, 2024
- Posted by: [email protected]
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Bitcoin (BTC), the world’s foremost cryptocurrency, has continued its downward trend, trading around $67,925 and reaching an intraday low of $67,786. This 2.5% drop has raised concerns about the potential for a larger sell-off among investors and market analysts. The recent decline in Bitcoin’s price is primarily attributed to the robust May employment report from
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Bitcoin’s future in question as US-Saudi petrodollar deal ends
- June 11, 2024
- Posted by: [email protected]
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The recent end of the US-Saudi petrodollar deal ushers in a moment that might drastically impact Bitcoin’s financial trajectory. This development disrupts a decades-long economic standard and opens the door for increased global currency diversification, potentially benefiting digital assets like Bitcoin. Since its inception in 1972, the US-Saudi petrodollar deal has anchored the US dollar
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Solana blockchain cracks down on malicious validators with swift removal
- June 11, 2024
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The Solana Foundation has taken decisive measures against validator operators involved in sandwich attacks on traders, a deceitful practice that undermines the trust and efficiency of decentralized networks. This robust action aligns with the Foundation’s stringent rules against malicious activities and its unwavering commitment to maintaining the integrity of the Solana ecosystem. Ensuring the protection