Bitcoin ‘whale games’ come early as BTC price swoons below $60K
BTC price weakness delivers seven-week lows as whale “spoofing” across order books creates grim conditions for Bitcoin bulls. Go to Source
Month: June 2024
Price analysis 6/24: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA
Bitcoin price descends to $60,000, but will traders buy the dip in BTC and altcoins? Go to Source
Why is Bitcoin DeFi blooming? Developers share their insights
Experts say that the lack of base yield and fragmented liquidity have made Bitcoin DeFi a challenging environment to navigate. Go to Source
Blockchain developer warns of centralization risks as crypto AI race intensifies
The Kip Web3 AI base layer previously closed an undisclosed funding round from Animoca Brands in April. Go to Source
Metaplanet Directors Approve BTC Acquisition Plan; Company’s Stock up by Nearly 500% YTD
The directors of Tokyo-based investment and consulting firm Metaplanet Inc. have approved the company’s proposal to purchase Bitcoin worth $6.25 million using bond proceeds. Metaplanet clarified that the acquired cryptocurrency will be recorded at its acquisition cost for long-term holdings. The company’s stock has surged by almost 500% since the beginning of the year. Valuation … Read more
Crypto investment products see $584M outflow as Bitcoin descends to $60K
Apprehension over a delay in interest rate cuts, a strengthening DXY and softness in Bitcoin price back the $584 million outflow in crypto investment products. Go to Source
Are market makers manipulating 78% of new crypto listings?
One formula indicates that up to 78% of new token listings since April 2024 have been conducted badly. Why do market makers seem to be indifferent? Go to Source
Nvidia launches in Middle East amid US AI export clampdown: Report
Nvidia partners with Qatari telecom provider Ooredoo to bring advanced AI technology to the Middle East, marking a significant expansion amid U.S. export restrictions. Go to Source
Analyst Warns of US Banking Sector Troubles, Foresees Stock Market and Bitcoin Slide
While U.S. federal regulators, including the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve, have identified concerns with the crisis management tactics of four banks, in a recent interview with Kitco, market strategist Gareth Soloway expressed concerns. Soloway suggests something is “amiss” in the U.S. banking sector and claims that major banks are shedding … Read more
MetalCore Closed Beta 3 introduces NFTs and Web3 integration
MetalCore’s CB3 launches on June 27. It integrates NFTs and SHARDS, a new offchain currency, and aims to appeal to both Web2 and Web3 gamers. Go to Source
