In June, US spot Bitcoin ETFs, including GBTC, saw a surge in purchases, with a collective acquisition of 25,729 BTC during the first week alone. This was a significant increase compared to the figures from the previous months, such as January, which saw the acquisition of 33,456 BTC, followed by 116,561 BTC in February and
The recent price action of Ethereum has seen a struggle to break above the $3,720 resistance level. Despite attempting a decent increase above the $3,650 zone, ETH spiked above $3,700 before facing resistance from bearish forces. This led to a sharp decline below $3,660 and $3,650 levels, with a low being formed near $3,565. Presently,
The Arbitrum Foundation has made a bold move by allocating a substantial amount of funds to support the growth of the gaming sector within the Ethereum Layer 2 ecosystem. With the approval of distributing 225 million ARB tokens valued at $215 million over the next three years, the Gaming Catalyst Program (GCP) aims to drive
The recent surge in Ethereum’s price, bringing it close to the $4,000 mark, has sparked renewed market enthusiasm. This can be attributed to the US SEC’s approval of Ethereum ETF applications by major asset managers. As reported by CoinShares, digital asset investment products have seen a significant inflow of $2 billion, contributing to a five-week
Bitcoin’s price over the weekend experienced a slight increase towards $70,000 before retracing back to familiar territory. The market seemed relatively calm, with most altcoins showing little movement. However, a few outliers such as BNB, NEAR, FIL, and FET recorded noticeable price drops, indicating some volatility in the market. ETF Inflows Impact on Bitcoin Bitcoin
Christian’s journey in the world of journalism has been nothing short of remarkable. Starting as a feature writer for his college paper, he quickly rose through the ranks to become an editor at a data engineering firm. His dedication to storytelling and his knack for decoding complex jargon made him stand out in the field.
Overworld Arena, the latest expansion of Xterio’s Overworld venture, has made significant waves in the world of decentralized gaming. By integrating blockchain technology and offering lucrative rewards, Overworld Arena has redefined the gaming experience for players worldwide. This article delves into the key features of Overworld Arena and its impact on the future of web3
The recent trends in altcoin and Bitcoin pairs appear to be following a familiar pattern, with a potential final flush out of altcoins looming on the horizon. This cycle mirrors the events of June 2019, just before the United States Federal Reserve decided to cut interest rates. As history has shown, these market cycles tend
Bitcoin has been experiencing significant volatility in recent days, with analysts predicting a potential rally towards $83,000 in the near future. 10x Research CEO Markus Thielen has identified a “head and shoulders” chart pattern that suggests a new all-time high may be on the horizon. Despite hitting resistance levels and retreating to just over $69,000,
The digital infrastructure industry in North America is witnessing a significant development with the recent announcement of a strategic partnership between Core Scientific and CoreWeave. This partnership involves a series of long-term contracts extending over 12 years, highlighting a mutual commitment to collaboration and growth in the high-performance computing (HPC) sector. Core Scientific, a key
