Month: June 2024

Ethereum ETF Slows Its Roll, BlockDAG’s X1 App Lights Up the Stage; Immutable Ventures Back in Time with Medieval Empire!

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As the digital currency landscape evolves, Ethereum, Immutable, and BlockDAG emerge as leading innovators. Ethereum and Immutable have carved out significant roles in finance and gaming, respectively. Meanwhile, BlockDAG is revolutionizing the field with its X1 Miner app, which allows smartphone users to mine cryptocurrencies effortlessly. This breakthrough makes mining accessible to a wider audience, … Read more

Competitive Pressure Builds for Bitcoin Miners as Hashprice Swings

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Bitcoin’s hashrate experienced an uptick this week, briefly surpassing 600 exahash per second (EH/s) and currently stabilizing at 598 EH/s. The hashprice, which represents the expected value of 1 petahash per second (PH/s) of hashing power per day, is about $57 per petahash. Mining Centralization Grows as Bitcoin Hashrate and Revenues Shift As of June … Read more

Study: Ordinals and Runes Reach $1 Billion Market Cap

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In a significant milestone for Bitcoin-based non-fungible tokens (NFTs), the combined market capitalization of popular collections such as Ordinals and Runes has surged past $1 billion, according to Coingecko. This growth is underscored by increasing trading volumes and user adoption, signaling a robust expansion within the Web3 sphere. Report Reveals Emerging Dynamics in Bitcoin Ordinals … Read more

Hong Kong Spot ETFs Secure $1.96B in Bitcoin, $26M in Ether

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Since the spot bitcoin and ethereum exchange-traded funds (ETFs) in Hong Kong began trading on April 30, they have accumulated $1.96 billion in bitcoin and $26.74 million in ethereum. Hong Kong’s Spot Bitcoin and Ether ETFs See Modest Growth Hong Kong’s spot bitcoin and ether ETFs have been active for 44 days since their launch. … Read more

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