Cryptocurrency markets are bullish today, with major tokens rising, a trajectory that mirrors the positive moves in the US stock market. The meeting is coming One of the Federal Reserve’s key data indicators, inflation, has declined. The personal consumption expenditures (PCE) price index rose 0.1% in June, up 2.5% from a year ago, according to the Bureau of Economic Analysis. The annual rate was down slightly from 2.6% in May, confirming that inflation remains close to the Federal Reserve’s annual target of 2%.The price of the largest digital asset by market cap is up 4.7% over the past 24 hours…
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Top Stories This Week BlackRock Bitcoin ETF records biggest inflow day since March at $523M BlackRock’s spot Bitcoin exchange-traded fund (ETF) notched its biggest day of inflows in over four months, with over $523 million entering the fund on July 23. The iShares Bitcoin Trust ETF (IBIT) scooped up 7,759 Bitcoin on July 22 — worth just over $523 million at the time of writing — according to Hey Apollo data cited by its co-founder, Julian Fahrer, in a July 23 post on X. The July 22 inflows bring the total assets under management for IBIT to 333,000 BTC, worth…
index It was a big week for cryptocurrencies as spot ETH ETFs finally began trading on major exchanges. Plus, the excitement surrounding the Bitcoin 2024 conference and its many celebrity speakers has created even more buzz in the industry. Learn more. BitcoinThe Bitcoin 2024 conference in Nashville kicked off on Thursday, with speakers including Donald Trump scheduled to speak throughout the week. Jersey City Mayor Steven Pulop announced that the city’s pension plan will invest in Bitcoin (BTC) via a spot Bitcoin ETF. EthereumThe Spot Ethereum ETF has begun trading on major exchanges following SEC approval, marking a significant step…
Felix Pinkston 26 Jul 2024 07:17 PyTorch, a deep learning framework, is greatly improving AI accessibility for developers with strong hardware support from AMD. PyTorch, a deep learning framework, has become a cornerstone technology for machine learning (ML) and artificial intelligence (AI), making these advanced fields more accessible to developers at all levels. According to AMD.com, the success of the framework and its integration with AMD hardware were highlighted in the recently released PyTorch documentary. Evolution of PyTorch The history of machine learning is vast, but significant progress has been made in the past…
Market • July 26, 2024 12:24 PM EDT Posted 1 minute earlier In ~ Another state pension fund has revealed it holds significant holdings of shares of a spot Bitcoin exchange-traded fund (ETF).The Michigan State Pension System said it owned 110,000 shares of the ARK 21Shares Bitcoin ETF as of June 30, according to a 13F filing Tuesday with the Securities and Exchange Commission. The board’s ARK 21 shares were valued at $6,597,800. Eric Balchunas, Bloomberg’s chief ETF analyst, confirmed the system’s buy into ARKB, noting that the ETF’s ownership is small on a percentage basis. “It’s a start,” he…
Litecoin emerged in 2011 as a faster alternative to Bitcoin. Mathematician John Bollinger uses his invention to evaluate the performance of LTC. According to Santiment, Litecoin outperforms XRP, ADA, SHIB, and other adult coins in important metrics. John Bollinger, a renowned mathematician and financial analyst, is widely known as the inventor of Bollinger Bands (BOL), a useful technical trading tool in the ever-changing cryptocurrency environment. Bollinger Bands, introduced in the early 1980s, were first applied to traditional stock and bond markets in an attempt to answer the question of whether prices were relatively high or low.LiteCoin participates in Bollinger Bands…
Peter Zhang 26 Jul 2024 07:39 Ethereum developers gathered for the All Core Developers Consensus Call #138 to discuss Pectra Devnet 1, Engine API updates, and other important changes. On July 25, 2024, Ethereum developers gathered via Zoom for the biweekly All Core Developers Consensus (ACDC) Call #138. Chaired by Ethereum Foundation (EF) Research Fellow Alex Stokes, the meeting focused on several important updates, including the launch of Pectra Devnet 1, proposed changes to the Beacon block body structure, and updates to the Engine API. Pectra DevNet 1 Pectra Devnet 1 was released on…
Alvin Lang 26 July 2024 08:01 Eddie Wee has been reappointed as Chief Executive of the Hong Kong Monetary Authority for a five-year term starting in October 2024. Eddie Wee has been reappointed as Chief Executive of the Hong Kong Monetary Authority (HKMA) for a five-year term starting in October 2024. According to the HKMA, the Financial Secretary announced this on 26 July 2024. Wei’s response to the reappointment In response to the reappointment, Wei expressed gratitude for the financial secretary’s trust and confidence. “I am honoured to have the opportunity to continue to…
Wylie Nickel, a moderate Democrat who is serving his first term as representative for North Carolina’s 13th Congressional District, said in an on-stage interview at the Bitcoin 2024 conference that he and his party members wrote a letter to party leaders asking them to include more support for cryptocurrencies in the party’s platform. “This letter, sent to 28 elected Democrats, including 14 members of the U.S. House of Representatives, including Ro Khanna (D-CA), calls on the DNC and the next Democratic presidential candidate to do four things: include language supporting digital assets in their party’s platform, select a vice presidential…
Cryptocurrency analytics firm Santiment outlined altcoins that could potentially see a bullish performance as digital asset markets rally on Friday. Santiment aims to measure whether an asset is undervalued or overvalued by analyzing its Market Value to Realized Value (MVRV) Z-score. Assets with low MVRV Z-scores are considered undervalued, while assets with high MVRV Z-scores are considered overvalued. Realized value aims to record the price at the last point of change for each asset and measure how many holders are making profits or losses. Santiment explains: “If you believe the market is going to surge, you are more likely to…