Category Archive: Cryptocurrency, No picture
US government moves $2 billion in Bitcoin, price dips 1.3%
Key Takeaways US government moved 29,800 BTC worth $2 billion from seized Silk Road funds. Bitcoin price dropped 1.3% following the transfer, trading at $66,890.12. The US government’s Bitcoin (BTC) wallet containing Silk Road’s seized funds moved roughly 29,800 BTC to different addresses today, on-chain data shows. The amount is equivalent to over $2 billion, […]
Blockchain TVL and ETH fees are top indicators for predicting token price surges, data shows
Key Takeaways TVL and fees in ETH are the best predictors of short-term token price movements. On-chain metrics outperform social sentiment in forecasting crypto price changes. Nansen and Bitget Research have released a report analyzing on-chain metrics as predictors of crypto token prices. Key findings suggest that on-chain activity, particularly total value locked (TVL) and […]
Ethereum ETF launch propels crypto fund inflows to record $20.5 billion
Key Takeaways New Ethereum ETFs attracted $2.2bn in inflows, while Grayscale’s trust saw $1.5bn in outflows. Digital asset investment products reached $99.1bn in total assets under management. Spot Ethereum exchange-traded funds (ETFs) started trading in the US market last week, attracting $2.2 billion in inflows, but faced selling pressure from incumbent products. As reported by […]
Bitcoin approaches new ATH 100 days post-halving
Key Takeaways Bitcoin futures open interest reached a record $39.37 billion on July 29, 2024. The surge was influenced by the Bitcoin2024 conference and a bullish market sentiment. Bitcoin climbed to a seven-week high of $69,775 on July 29, coming within 6% of its all-time record as the cryptocurrency’s post-halving rally takes shape 100 days […]
US Ethereum spot ETFs off to rough start: $1.5B left Grayscale fund, BlackRock led first-week inflows
Key Takeaways Grayscale’s Ethereum Trust has experienced $1.5 billion in net outflows since it was converted into an ETF. BlackRock’s Ethereum Trust has attracted $442 million, leading the net inflows among new US Ethereum ETFs. Newly launched US spot Ethereum exchange-traded funds (ETFs) were off to a rough start as investors pulled approximately $1.5 billion […]
Justin Sun urges China to revamp Bitcoin strategy
Key Takeaways Justin Sun expects China to adopt more competitive Bitcoin policies. The US government currently holds over $14 billion worth of Bitcoin, making it the largest national holder of Bitcoin globally. Founder of the Tron blockchain Justin Sun has called on China to reform its approach to Bitcoin policy, especially when the US has […]
Trump speech at Bitcoin 2024 triggers $24M in long liquidations amid market volatility
Key Takeaways Trump’s speech at Bitcoin 2024 led to a sharp increase and then a drop in Bitcoin prices. Nearly $24 million in Bitcoin longs were liquidated during the speech. Bitcoin prices experienced significant volatility during former U.S. President Donald Trump’s speech at Bitcoin 2024 in Nashville, where he unveiled plans to establish a “strategic […]
Trump confirms Bitcoin will become a US strategic reserve asset if elected
Key Takeaways Trump proposes Bitcoin as a strategic reserve asset. Trump’s campaign accepts crypto donations, signaling strong industry support. US presidential candidate Donald Trump said he will make Bitcoin a strategic reserve asset if elected during his keynote speech today at the Bitcoin 2024 Conference. “I am announcing that if I am elected, it will […]
Bitcoin eyes $70,000 as Trump prepares for Nashville speech
Key Takeaways Bitcoin price surged to $69,300 today, registering a 3% increase in 24 hours. Trump’s speech might declare Bitcoin as a US reserve asset. Bitcoin is poised to surpass the $70,000 mark as anticipation builds for Donald Trump’s upcoming speech at the Bitcoin 2024 Conference in Nashville. According to data from CoinGecko, earlier today, […]
University of Wyoming launches first academic Bitcoin research institute
Key Takeaways The UW Bitcoin Research Institute aims to improve the quality of academic Bitcoin studies. Dr. Bradley Rettler is the inaugural director of the new Bitcoin-focused academic institute. The University of Wyoming has established the UW Bitcoin Research Institute, the first academic institution dedicated to Bitcoin studies. Dr. Bradley Rettler, Associate Professor of Philosophy, […]
