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The metrics suggest that Bitcoin is unlikely to be overvalued at current levels and its price action is developing “steadily without significant anomalies or sharp jumps.” Go to Source
Bitfufu Inc., a Nasdaq-listed cloud mining services company, announced a 69.7% revenue jump for the second quarter of 2024, bringing in $129.4 million. The Singapore-based firm, established in 2020 by CEO Leo Lu, credited this growth largely to a substantial increase in cloud mining revenue, which made up more than half of the quarter’s earnings. … Read more
It’s part of the fallout from the industry-wide liquidity crunch triggered by FTX in 2022. Go to Source
Based on Polymarket odds, Robert F. Kennedy Jr., a 2024 independent presidential candidate, has a 81% probability of exiting the race after his running mate, Nicole Shanahan, hinted that their campaign might align with former President Donald Trump. On Tuesday, the odds of Kennedy withdrawing peaked to it’s highest point yet. RFK Jr.’s Campaign Faces … Read more
Glassnode says short-term holders have “carried the brunt” of losses from Bitcoin’s recent drop below $50,000. Go to Source
Bitcoin large-volume investors have slowed their BTC accumulation to a crawl versus the run-up to all-time highs earlier this year. Go to Source
Bitcoin stands to gain from increasingly risk-on macro sentiment, but can it shift a stubborn BTC price range? Go to Source
While Bitcoin failed to close above the $60K psychological level on the weekly chart, the long-term holders (LTHs) continue to adopt a bullish strategy in 2024. Go to Source
On August 18, Runes transactions accounted for an impressive 70.52% of all Bitcoin transactions, a significant leap from their usual range of 40%-70% over the past month. Despite this dominance, the Runes Marketplace saw its lowest single-day transaction volume, registering just $907,000—marking the smallest secondary market activity since Runes’ inception. On August 18, Runes transactions … Read more
While the Republican platform addresses the issue of cryptocurrency and bitcoin, the Democratic Party’s latest platform remained silent on the matter. Adding to the buzz, there are whispers that Kamala Harris’s campaign might be eyeing Gary Gensler, the current head of the U.S. Securities and Exchange Commission, for the role of Treasury Secretary. Democrats’ Latest … Read more
