A prominent cryptocurrency analyst says Bitcoin (BTC) is forming a bullish pattern and a massive breakout is expected. Cryptocurrency trader Ali Martinez told his 69,300 followers on social media platform X in a new strategy session that Bitcoin could surge by more than 7% from its current value in the short term. “In the shorter term, Bitcoin could form a bullish flag, which would suggest a potential surge towards $64,000!” Source: Ali Martinez/X At the time of writing, Bitcoin is trading at $59,655, up slightly over the last 24 hours. The trader then warned that Solana (SOL), a competitor to…
Author: Crypto Flexs
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correction: Aug 14, 18:47 UTC: The first article incorrectly reported that the Wisconsin State Board of Investments had purchased nearly $100 million in BlackRock’s iShares Bitcoin Trust. In fact, this was the value of the total position, which was not significantly different from the previous quarter. Correction below. The Wisconsin Investment Board purchased more shares of one physical Bitcoin exchange-traded fund (ETF) in the second quarter of 2024, while selling positions in another. According to a 13-F filing with the SEC, the board purchased 447,651 shares of BlackRock’s iShares Bitcoin Trust, bringing its total holding to 2,898,051 shares, valued at…
Ted Hisokawa 14 Aug 2024 16:59 Binance Futures announced the launch of USDⓈ-M BANANA perpetual futures contracts with up to 50x leverage starting August 15, 2024. Binance Futures, one of the leading cryptocurrency derivatives platforms, has announced the launch of USDⓈ-M BANANA perpetual contracts with up to 50x leverage. According to an official announcement from Binance, the new contract is scheduled to launch on August 15, 2024 at 02:00 UTC. Contract Details USDⓈ-M BANANA Perpetual Contract will allow users to trade with up to 50x leverage, expanding the range of trading options available on…
Immutable (IMX), an Ethereum layer-2 solution, made headlines today after an impressive price surge, making it one of the best-performing altcoins. Currently trading at $1.24, IMX is up 10.06% in the last 24 hours. This on-chain analysis looks at how the token achieved this surge and what to expect in the coming days. Holders, locking up immutability, ready to stake more tokens According to Exchange Onchain Market Depth, a metric that measures trading activity on the order books of the top 20 exchanges, IMX is experiencing a surge in buying pressure. According to data provided by IntoTheBlock, market participants are…
Los Angeles, California, August 14, 2024, ChainwireiAgent protocol introduced its revolutionary AI agent as a digital asset class at Malaysia Blockchain Week in Kuala Lumpur and Asia Blockchain Summit in Taiwan this month, enabling gamers around the world to create, train, trade, and monetize personalized gaming AI agents that take yesterday’s NPCs to a whole new level. iAgent protocol developed the world’s first AI agent trained on gameplay footage from professional Counter-Strike players. This new AI asset class has the potential to spur a renaissance of innovation and growth within the gaming industry.Attendees at MBW and ABS got their first…
The Bitcoin (BTC) price rose 5% between August 13 and August 14, reaching $61,791, before quickly reversing the entire move, crashing to $58,914 in less than two hours. The sharp drop came after the US reported inflation figures that were slightly below analysts’ expectations. The initial price surge was driven by a significant announcement about a spot Bitcoin ETF (exchange-traded fund) and MicroStrategy (MSTR) holdings, but macroeconomic conditions ultimately proved decisive on August 14.The impact of major companies adding Bitcoin ETFs and MicroStrategy positions was limited.Goldman Sachs, a leading global financial institution, disclosed in its 13-F filing that it had…
Renzo, E Ethereum Ethereum -2.12% The liquid re-staking protocol has been expanded. Solana brush -2.35% Liquid re-staking space through collaboration Zito JTO -2.21% Foundation. As part of this transaction, Renzo will launch ezSOL, the Solana Liquid Re-Staking Token (LRT), on Jito.“Renzo will serve as the first liquid re-staking protocol on the Jito (re)staking platform,” Renzo said Wednesday. “Users will be able to mint ezSOL using JitoSOL as their native staking asset, and leverage Jito’s MEV-fortified validator network.”Jito is a Solana liquid staking protocol that distributes both staking and MEV (Maximum Extractable Value) rewards to holders through the liquid staking token…
One analyst expects the price of XRP to skyrocket, with a target price of $263 if a full-blown bullish breakout occurs. Increased whale activity and market support levels suggest that XRP may be breaking out of its seven-year consolidation. Cryptocurrency analyst Javon Marks recently said: Outlined The bullish outlook for XRP suggests that the altcoin could see a significant price surge if a breakout occurs. According to Marks, if XRP experiences a full logarithmic breakout from its current consolidation pattern, the token could reach its ambitious target of $263. In fact, this is an increase of over 42,000% from current…
James Ding 14 Aug 2024 16:19 Telegram celebrates its 11th anniversary with new features like Star Reactions, Subscriptions, and Super Channels to enhance user experience and support content creators. Telegram is celebrating its 11th anniversary with a new set of features aimed at enhancing user interaction and supporting content creators. According to Telegram, the latest update includes Star Reactions, Star Subscriptions, and a new mode for Telegram Channels. Star reaction The new Star Reactions feature allows users to directly support their favorite channels and content creators by sending them Telegram Stars. Channel owners will…
According to new research, the energy required to run an AI system may already be greater than the amount of electricity used to mine Bitcoin. This may sound like good news for the Bitcoin mining industry, which has been consistently criticized for its power consumption, but there are concerns that AI is emerging as a fierce competitor to Bitcoin in the areas of electricity and equipment, according to a report from the Bitcoin Policy Institute. Thanks to the deep pockets of the industry, AI companies can afford to charge more for the same electricity than miners. With AI offering up…