Ether whale buys nearly $13M ETH, but ETH still needs to reclaim $2.7K for the next leg up
The last time this whale address bought the dip, was just before Ether rose from $2,100 to $3,100. Go to Source
Month: August 2024
Latam Insights: El Salvador Advances Talks With IMF Despite Bitcoin Allegiance; Brazil Passes First Solana Spot ETF
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the last week. In this issue: El Salvador holds talks with the IMF despite its Bitcoin allegiance; Brazil greenlights the first Solana spot ETF; and Polymarket gets criticized for its decision on the Venezuelan presidential election bet. El Salvador … Read more
Why Bitcoin is still poised to break $74K before end of year
Bitcoin’s correction appears to be losing steam, as indicated by price momentum divergence, the formation of a Doji candlestick and other bullish patterns. Go to Source
Tech giants losing momentum as AI progress disappoints investors
The current AI oversupply has prolonged the cost recovery on major AI investments, which could force large corporations to shift investment focus. Go to Source
Bitcoin miners record lowest daily revenue of 2024
Bitcoin miners’ daily revenue hit a new yearly low of $2.5 million, but strategic overhauls keep some companies profitable amid industry challenges. Go to Source
More ‘extreme fear’ than FTX crash — 5 things to know in Bitcoin this week
Bitcoin market sentiment is as erratic as BTC price action itself as a week of macro volatility catalysts gets underway. Go to Source
Bitcoin price drops below $59K as institutions stop buying stablecoins
Bitcoin price saw its local bottom last time Tether minted $1.3 billion worth of stablecoins, which helped BTC recover over 21%. Go to Source
Why Web3 gaming needs a Steam-like platform for growth
OKX chief innovation officer Jason Lau believes that Web3 games need to cultivate communities by educating players on the benefits of Web3 technology. Go to Source
Canto chain targets fix amid 33-hour outage caused by consensus issue
The Canto blockchain has been down for over a day, and the team has scheduled an upgrade to fix the issue for Aug. 12. Go to Source
Crypto startup funding grows to $2.7B in Q2 despite fall in total deals
Crypto infrastructure projects led the way in attracting venture capital with major infra projects raising a combined $685 million in new capital in Q2. Go to Source