Distributed cloud GPU network project Aethir and Theta EdgeCloud, the hybrid cloud computing platform powered by Theta Edge Network, are preparing to launch the largest hybrid GPU marketplace for developers and enterprises. The collaboration aims to provide unprecedented global GPU compute capabilities, with the potential to deliver 20-30 times greater power than any comparable network …
Monthly archives: April 2024
Spot Bitcoin ETFs in Hong Kong could mark a regional first with April listings
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Bearish tilt in Bitcoin futures as open interest contracts
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Permissionless Capital partners with Solana, Immutable, Chainlink for web3 startup competition
Permissionless Capital, a web3 platform for startups, has announced the launch of its Permissionless Opportunities Event, inviting web3 startups to apply for a chance to secure resources and support to bring their products to market, as reported by the company. The program aims to provide eligible web3 startups access to tools, funds, and connections to …
Bitcoin falls below $68,000 amid higher-than-expected inflation
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Historical patterns in Bitcoin fees surface amid the halving countdown
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Anticipation Builds as Bitcoin Stands Less Than 1,400 Blocks From Monumental Halving
According to the latest data, we are now less than 1,400 blocks away from the anticipated Bitcoin halving event, which will decrease the block reward from 6.25 bitcoin to 3.125 bitcoin. Bitcoin’s value soared to a new all-time high on March 14, reaching $73,794 per bitcoin, but has since seen a 6.5% decline. Observers are …
Rate Cuts Could be ‘Out the Window’ After March CPI Data Reveals Stubborn Inflation, Tradestation Exec Says
The U.S. Consumer Price Index (CPI) experienced a higher increase than anticipated in March, climbing by 0.4% over the month to reach 3.5%. The Bureau of Labor Statistics reported that the rise was primarily fueled by increases in shelter and gasoline costs. This acceleration in the inflation rate has unsettled the financial markets, with many …
Bitcoin Technical Analysis: BTC Remains Range Bound Ahead of US Inflation Report
Bitcoin’s price movements on April 10, 2024, showcased a day of significant volatility, with the cryptocurrency’s value swinging between $68,207 and $70,917. Oscillators and moving averages paint a complex picture of neutrality and cautious selling signals, amidst a backdrop of a $1.35 trillion market capitalization. Bitcoin’s stance of neutrality and period of consolidation precede the …
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Filecoin Staking Protocol Core Team Detained by Chinese Police; $22 Million in FIL Tokens Sent to Unknown Address
STFIL, the Filecoin liquid staking protocol, believes its core technical team is being investigated by the Chinese police. The STFIL team said it also recently detected abnormal and unscheduled upgrades to the protocol. During the core technical team’s detention, FIL tokens worth over $22 million were transferred to an unknown external address. Lawyers Engaged to …
Billionaire Mike Novogratz Says Great Setup Coming for Bitcoin and Precious Metals As Potential Rate Cuts Loom
The founder and CEO of Galaxy Digital believes looming rate cuts by the Fed are bullish for Bitcoin (BTC) and precious metals. Billionaire Mike Novogratz tells his 466,200 followers on the social media platform X that rate cuts may be bad for the US economy, but good for Bitcoin. He suggests rate cuts will increase …
Arthur Hayes Issues Warning, Says Raging Bitcoin (BTC) and Crypto Firesale Could be Coming – Here’s Why
Contrary to popular opinion, BitMEX founder Arthur Hayes thinks the upcoming Bitcoin (BTC) will temporarily dampen the crypto market’s momentum. In a new analysis, Hayes argues that the macro setup is actually favorable for traders interested in shorting the crypto market. However, he notes that he doesn’t plan to short the market himself, just abstaining …
Fundstrat’s Tom Lee Sees Stock Market Rising on Wall of Worry, Says Inflation on Path To Glide Lower
Inflation is falling fast enough for the U.S. Federal Reserve to cut rates this year, which will benefit the stock market, according to Tom Lee, the founder and head of research at Fundstrat Global Advisors. In a new CNBC interview, Lee says there are “many reasons” to believe the current stock market rally will continue. …
Ethena’s ENA Token Surges to $1.40 All Time High: Attains $2 Billion Market Cap in Record Time
Ethena, a relatively new player in the cryptocurrency market, has taken the industry by storm with its native token, ENA, experiencing a meteoric rise in value. In a matter of days, ENA has surged to new heights, reaching an all-time high of $1.40 and attaining a staggering $2 billion market cap. TLDR Ethena’s native cryptocurrency, …
EigenLayer’s Mainnet Debut: A Glimpse into the Future of Ethereum Staking
EigenLayer, a highly anticipated Ethereum restaking protocol, has made its initial debut on the blockchain’s mainnet. The launch marks a significant milestone for the project, which has already amassed over $13 billion in assets despite not being fully operational. TLDR EigenLayer, an Ethereum restaking protocol with over $13 billion in assets, has partially launched on …
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