September 2, 2024 – Bangkok, Thailand Crypto staking explorer Staking Rewards has announced that its international staking conference is returning for its third consecutive year. The two-day summit will be hosted in Bangkok, Thailand, from November 8-9, 2024, uniting key participants in the global staking industry to provide insights and innovations that will shape the …
Monthly archives: September 2024
Telegram’s TON blockchain hits 1 billion transactions after DOGS memecoin chaos
The Open Network (TON), the blockchain network associated with Telegram, has surpassed 1 billion transactions, according to data from TON API and aggregated by CryptoQuant community analyst Maartunn. This achievement comes less than a week after the network experienced two major outages caused by the airdrop of the DOGS memecoin. 1 billion transaction TON’s transaction …
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MicroStrategy tops Bitcoin-related equities in 2024
Quick Take Year-to-date, MicroStrategy (MSTR) has been the best-performing Bitcoin-related equity, boasting a remarkable 93% return. In contrast, Bitcoin itself has returned 31%, ahead of US equities and gold. BlackRock’s IBIT has also shown strong performance with a 25% return. However, the broader Bitcoin equity landscape is mixed. The WGMI ETF saw a modest 1% …
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Qatar launches digital assets framework to attract global firms
The Qatar Financial Centre (QFC) in Doha has invited local and international companies to apply for licenses to operate as token service providers under its newly introduced regulatory framework. On Sept. 1, the Qatar Financial Centre Authority (QFCA) and the Qatar Financial Centre Regulatory Authority (QFCRA) launched the QFC Digital Assets Framework 2024. QFC Digital …
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Bitcoin leads $305 million outflows as strong US economic data hits crypto
Crypto investment products faced significant outflows last week, totaling $305 million, as negative sentiment spread across various providers and regions, according to CoinShares‘ latest weekly report. James Butterfill, CoinShares’ head of research, attributed these outflows to stronger-than-expected US economic data. He noted that this data “diminished the likelihood of a 50-basis point interest rate cut.” …
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Ethereum ETFs showed no activity on Friday, a first since US spot crypto ETFs launched
Quick Take Data from Farside revealed that the Bitcoin market experienced its fourth consecutive day of outflows, totaling $479.8 million for the period. Aug. 30 alone saw an outflow of $175.6 million across various Bitcoin ETFs. Among the most notable were Fidelity’s FBTC, which saw outflows of $12.9 million, Bitwise’s BITB with $16.4 million, ARK’s …
Metaplanet teams up with Japan’s SBI for enhanced regional Bitcoin custody and trading
Bitcoin investment company Metaplanet has formed a strategic partnership with Japan’s financial giant SBI through its crypto investment service, SBI VC Trade, for Bitcoin trading and custody, according to a Sept. 2 statement. Metaplanet emphasized that this partnership aligns with its ongoing strategy to engage with key industry players in Japan who support its corporate …
Traders’ leveraged bets on Bitcoin’s $60,000 level drive market volatility
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Important: You must lock a minimum of 20,000 ACS If you don’t …
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Markets Bet Big on a 25bps Fed Rate Cut—Low Odds for a Bigger Reduction
On Sept. 2, 2024, or roughly 16 days before the next Federal Open Market Committee (FOMC) meeting, an overwhelming majority of the market seems to be predicting the U.S. Federal Reserve to cut the federal funds rate by 25 basis points (bps) on Sept. 18. The U.S. federal funds rate is currently at 5.25%-5.50%, which …
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Ethereum Still Holds the Lion’s Share of Defi TVL as Tron and Solana Rise
Currently, the total value locked (TVL) in decentralized finance (defi) stands at $82.2 billion, with Ethereum hosting a commanding 57.24% of that amount. Hot on its heels, Tron and Solana take the second and third spots for the largest TVLs today. Ethereum Reigns Supreme in Defi With 57% of Total Value Locked Despite ethereum (ETH) …
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SEC Warns FTX Over Legality of Crypto Asset Distribution in Chapter 11 Plan
The U.S. Securities and Exchange Commission (SEC) has raised concerns over FTX’s plan to pay back claims using its “crypto asset securities.” The SEC’s Senior Trial Counsel, Therese Scheuer, has reserved the right to challenge these transactions under federal securities laws. FTX’s Crypto Repayment Plan Faces Potential SEC Challenge The FTX bankruptcy saga is moving …
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Crypto Market Wobbles: Helium Gains While Zcash Leads Week’s Declines
While bitcoin and ethereum dipped between 8.6% and 8% against the U.S. dollar, most crypto assets didn’t have a winning week. However, helium (HNT) bucked the trend, soaring by 15.43% against the dollar over the past seven days. On the flip side, zcash (ZEC) took the hardest hit, plummeting 28.63% during the same period. Crypto …
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Bitcoin’s August Slump: Dormant Wallets Stirred, But Vintage BTC Spending Slowed
Bitcoin faced a challenging August, with its price dipping by 8.6%. Data shows that although 84 previously inactive bitcoin wallets became active last month, the total amount of vintage BTC spent was lower in August than in July. Specifically, dormant wallets spent around 2,291 BTC from addresses that hadn’t been touched between 2011 and 2017. …
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Ethereum Technical Analysis: ETH Price Hovers in Consolidation Zone
On September 2, 2024, ethereum was priced at $2,517, with a 24-hour intraday range of $2,407 to $2,531. Over the past week, its price fluctuated between $2,409 and $2,740, reflecting ongoing volatility. With a 24-hour trading volume of $14 billion and a market capitalization of $302.85 billion, ether’s market dynamics remain under pressure as it …
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Bitcoin Technical Analysis: BTC Fails to Break Key Resistance Levels
On September 2, 2024, at 7:30 a.m. EDT, bitcoin’s price stood at $58,388, fluctuating within an intraday range of $57,257 to $58,698. With a trading volume of $29.57 billion and a market capitalization of $1.15 trillion, the leading crypto asset demonstrated significant volatility. Technical indicators reveal persistent downward momentum, suggesting that traders should remain cautious …
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