One widely followed crypto analyst says one low-cap artificial intelligence (AI) token is poised to come to life. Crypto trader Michaël van de Poppe tells his 722,600 followers on the social media platform X that the 346th-largest crypto by market cap, Covalent (CQT), is primed to rally. “CQT is currently back to the levels of …
Monthly archives: June 2024
Three Bitcoin Metrics Are Flashing Bullish Signals for BTC, Says VanEck Executive Matthew Sigel
One financial analyst says Bitcoin (BTC) is showing three important bullish metrics. In a new interview with Scott Melker, VanEck Head of Digital Assets Matthew Sigel says recent indicators are making him bullish on BTC. “I got renewed bullish on Tuesday just you know noticed some capitulation indicators in the space like realized losses by …
Ethereum Primed To Explode by 120%, According to Glassnode Co-Founders – Here’s Their Outlook
The founders of the blockchain analytics platform Glassnode believe Ethereum (ETH) could skyrocket by triple-digit percentage points. Glassnode co-founders Jan Happel and Yann Allemann, who use the Negentropic pseudonym on the social media platform X, say that based on history, Ethereum could go up by approximately 120% from the current level to reach a new …
Government Bitcoin sales echo historic gold mistimings
Crypto derivatives markets: Bitcoin vs. Ethereum Andjela Radmilac · 4 days ago CryptoSlate’s latest market report dives deep into the theoretical and practical differences between BTC and ETH and explores their respective futures, options, and perpetual futures markets. Go to Source
Polkadot’s SnowBridge seeks $6 million in DOT to ensure its Ethereum bridge longevity
SnowBridge, a trustless cross-chain bridge designed to link Polkadot with Ethereum, is seeking approximately $6 million in DOT tokens funding from the Polkadot community. The firm’s proposal stated that the funds are intended to ensure Snowbridge’s long-term success, align the team’s incentives with the Polkadot community, and provide financial guarantees for the bridge’s users. Treasury …
Wall Street blends digital gold Bitcoin with physical gold in new ETF filings
Traditional financial institutions are finding new ways to offer investors access to digital assets via exchange-traded funds (ETFs). On June 27, Henry Jim, an ETF Analyst with Bloomberg Intelligence, reported on three ETF products that would provide investors access to Bitcoin, Gold, Ethereum, and MicroStrategy. Stacked Bitcoin and Gold ETF Tidal Investments and Quantify Chaos …
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Public Bitcoin miners diversify into AI as market cap exceeds $25 billion
Quick Take The ongoing miner capitulation, driven by a falling Bitcoin price, declining hash rate, and a meager hash price, has significantly impacted publicly traded Bitcoin miners. Despite this challenging environment, public miners have shown resilience post-halving, with a total market cap exceeding $25 billion and WGMI experiencing a 24% rise in June and a …
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T-Rex Group Files for Leveraged ETFs Targeting Microstrategy’s Bitcoin-Heavy Portfolio
T-Rex Group has filed for exchange-traded funds (ETFs) that aim to leverage the daily performance of Microstrategy Incorporated (MSTR). The proposed ETFs will take 2x long and 2x inverse positions in MSTR, magnifying its daily stock performance by 200%. T-Rex Group Files for Microstrategy ETFs, Dubbed the ‘Ghost Pepper of ETF Hot Sauce’ T-Rex Group, …
Kraken founder donates $1M in Ethereum to support Trump’s 2024 re-election
Kraken founder Jesse Powell said he donated $1 million, mainly Ethereum, to support former US President Donald Trump‘s re-election bid. In a June 28 statement, Powell explained that the donation was meant to help the US maintain its leadership in blockchain technology. He said: “I am excited to join other leaders from our community to …
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Bitcoin suffers 14% decline in Q2, marks first negative quarter since Q3 2023
Quick Take As of June 28, the final trading day of the quarter, Bitcoin (BTC) has experienced a challenging period, with its value dropping approximately 9% in June. A substantial $6.6 billion worth of options for BTC are set to expire on June 28. Despite hitting its all-time high in March, BTC has struggled over …
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Solana’s Stablecoin Transfer Volume Drops Drastically Amid Scrutiny
According to stablecoin transfer volume metrics divided by blockchain, Solana’s daily transfer volume has decreased from a range of $75 billion to $100 billion daily to around $7 billion daily. Additionally, a crypto advocate expressed doubts about the legitimacy of Solana’s previous stablecoin transfer volumes, indicating that the metrics were highly overstated. Stablecoin Metrics Reveal …
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Fake Phantom wallet promoted in iOS AppStore drains users funds
Crypto derivatives markets: Bitcoin vs. Ethereum Andjela Radmilac · 4 days ago CryptoSlate’s latest market report dives deep into the theoretical and practical differences between BTC and ETH and explores their respective futures, options, and perpetual futures markets. Go to Source
BlackRock discloses further Bitcoin holdings amid 3rd consecutive day of ETF inflows
Crypto derivatives markets: Bitcoin vs. Ethereum Andjela Radmilac · 4 days ago CryptoSlate’s latest market report dives deep into the theoretical and practical differences between BTC and ETH and explores their respective futures, options, and perpetual futures markets. Go to Source
No Bitcoin mention by Trump while Biden fails his ‘one job’ in first presidential debate
President Joe Biden and former President Donald Trump faced off in their first debate of the 2024 election season on Thursday, June 27, in a high-stakes encounter that highlighted stark contrasts between the two candidates. The 90-minute discussion, hosted by CNN in Atlanta, covered many critical issues, including the economy, abortion, immigration, foreign policy, and …
39% Chance of Dropping Out — Joe Biden’s Debate Stumbles Fuel Prediction Market Betting
Following the initial 2024 U.S. Presidential Debate, prediction market wagers on whether incumbent Joe Biden will withdraw have seen a significant increase in activity. The likelihood of Biden stepping down and being substituted has risen notably. Betting Markets React to Joe Biden’s Unintelligible Statements and Performance On Thursday, CNN broadcasted the 2024 U.S. Presidential Debate …