Ex-Coinbase execs to launch exchange using PayPal stablecoin for settlement
Founders who used to work at Coinbase, Circle and Goldman Sachs teamed up to create an exchange that will use PayPal USD as its main settlement currency. Go to Source
Bitcoin
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Bitcoin’s Computational Power Falls 9.95% After Record Hashrate
Recent metrics reveal that after Bitcoin’s network hashrate reached an all-time high of 693 exahash per second (EH/s) and saw a 3.58% difficulty increase, its computational power decreased this week. In the nine days since this peak, the hashrate has fallen by 9.95%. Bitcoin Miners Confront Economic Hurdles as Bitcoin Hashrate Dips Bitcoin miners are … Read more
Bitcoin price can see $64K ‘very quickly’ on Fed rate cut — Research
Bitcoin stands to enjoy a return to its strongest bull market performance thanks to a perfect storm of macroeconomic shifts and standard cycle timing, Capriole Investments predicts. Go to Source
Bitcoin Exchange Deposits Hit Lowest Level Since 2016 Amid Shifting Market Dynamics
Bitcoin exchange depositing addresses have dropped to their lowest point since 2016, suggesting a significant decrease in the number of investors selling their coins on spot exchanges. This trend hints at a potential reduction in selling pressure, a bullish sign for long-term holders as fewer coins are being offloaded into the market. #Bitcoin Base Cost … Read more
Bitcoin’s ‘local market structure’ could push BTC price to new all-time high — Analysts
Analysts say Bitcoin’s recent price action could be a sign that the path to new all-time highs has begun. Go to Source
Markets Await Fed Decision: Bitcoin Spikes, Gold Drops, Stocks Wobble
Bitcoin saw its value leap to $61,331 on Tuesday, just a day before members of the U.S. Federal Reserve convene to discuss a potential rate cut for federal funds. While BTC posted a 5% gain, stock markets exhibited mixed signals, hovering near previous highs, and gold dipped more than half a percent that day. Bitcoin … Read more
Bitcoin rallies to $61K, but derivatives traders are still skeptical — Here is why
Bitcoin price shows strength ahead of a key Federal Reserve monetary policy decision on Sept. 18, but data suggests the momentum may not last. Go to Source
USDT on TON chain surpasses $1 billion: Token Terminal
Tether’s stablecoin continues to dominate rivals, including Circe’s U.S. Dollar Coin (USDC). Go to Source
Bitcoin ETFs Rise With $12.9M Gains While Ether ETFs Struggle
According to the latest crypto exchange-traded fund (ETF) data, spot bitcoin ETFs snagged $12.9 million in gains on Monday, while spot ethereum ETFs faced a $9.51 million loss. Bitcoin ETFs Continue to Grow, While Ethereum Funds Lose Ground Leading the charge among the 12 bitcoin funds was Blackrock‘s IBIT, which pulled in $15.82 million in … Read more
Is Solana following Ethereum? SOL price continues slump vs. Bitcoin
Solana needs to hold above the crucial $120 support to avoid a potential correction below $100, according to market analysts. Go to Source