The Bitcoin network is currently experiencing some signs of miner capitulation. This phase is characterized by miners either stopping their operations or selling off part of their Bitcoin reserves. Following the recent halving event, the network hash rate has declined by 7.7% from its peak in April. This decrease in hash rate could indicate that
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In recent developments, Ripple has utilized a court ruling regarding Binance’s BNB token to bolster its defense against the SEC’s harsh penalties for XRP sales. The argument revolves around the lack of regulatory clarity in the industry, citing the ruling as a supporting factor. However, the SEC has dismissed the relevance of the Binance case
The meme coin DADDY has experienced a significant surge of 35% in its price over the past 24 hours, currently trading at around $0.15. This surge seems to have been triggered by an announcement from Andrew Tate, a former kickboxer and online influencer, who encouraged DADDY holders to accumulate more assets within a 72-hour period.
The asset management industry is buzzing with anticipation as the Security and Exchange Commission (SEC) is potentially gearing up to approve the first U.S. ETFs directly investing in Ethereum. There is a sense of optimism among asset managers, with the possibility of approval by mid-July looming on the horizon. ETF applicants have been given until
Bitcoin’s price has seen a notable dip of 15% since its all-time high in mid-March. However, despite this drop, there are indicators suggesting that the bull run may not be over just yet. One important metric to consider is the Fear and Greed Index, which reflects the current sentiment of investors. A ratio above 50
In the first half of 2024, Bitcoin and Ethereum have proven themselves to be the most profitable assets, outperforming traditional investments such as the Nasdaq, S&P 500, oil, gold, the U.S. dollar, and government bonds. According to a recent report by Matrixport, these cryptocurrencies have once again shown their dominance in the market. One significant
Artificial intelligence (AI) models, according to Charles Hoskinson, the co-founder of the blockchain platform Cardano, are losing their utility over time. Hoskinson attributes this to AI censorship, where machine learning algorithms are used to filter objectionable content and shape public opinion. This alignment training is a significant issue, especially with high-powered AI models, as it
The month of June was a rollercoaster for Bitcoin investors, filled with extreme volatility and sharp price movements. After hitting a high of $72,000 and dropping to a low of $58,000, the bears ultimately prevailed, pushing the price down by 7.12%. Will July Bring Relief? Many investors are now wondering if July will bring relief
Keith Gill, also known as “Roaring Kitty,” has gained popularity and notoriety for his involvement in the GameStop stock frenzy of 2021. However, recent developments have brought forth allegations of securities fraud against him. A class-action lawsuit filed in the Eastern District of New York accuses Gill of orchestrating a “pump and dump” scheme through
As Bitcoin hovers around $61,000, analysts are closely monitoring various on-chain metrics to determine if the leading cryptocurrency has bottomed out and if a rally is on the horizon. The latest weekly report from CryptoQuant highlights key indicators, such as bullish momentum, BTC demand growth, and stablecoin liquidity, that could potentially signal a market turnaround.
