Company • July 26, 2024 5:14 PM EDT Posted 1 minute earlier In ~ The U.S. Securities and Exchange Commission approved a mini version of Grayscale’s Grayscale Bitcoin Trust (GBTC) on Friday.The agency specifically approved Form 19b-4 for the Grayscale Bitcoin Mini Trust. The trust, which will begin with the ticker symbol “BTC,” will be a “spinoff” of GBTC and will include new shares of the mini trust that are designed to be distributed to GBTC shareholders as GBTC contributes a certain amount of bitcoin to the trust, according to the S-1. filing Posted in March.”Accordingly, the Commission finds that…
Author: Crypto Flexs
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According to cryptocurrency traders, the altcoin market is currently in a “reaccumulation phase” and could move into the “second phase of the cycle” after reclaiming key support areas. “Altcoins are only up 58% since their 525-day accumulation and subsequent explosion,” independent crypto trader Mags wrote in a July 25 post on X. The accumulation phase occurs when the market bottoms and prices hit a local floor, as evidenced by the 33% drop in TOTAL2, the total market cap of all cryptocurrencies except Bitcoin, since March 11. This is characterized by a relatively stable period where investors buy when prices drop…
Tony Kim July 26, 2024 11:49 BitMEX will be adjusting the minimum price increments for Bitcoin (XBTUSD) and Ethereum (ETHUSD) perpetual swaps starting July 31, 2024. BitMEX has announced upcoming changes to the minimum price increases for Bitcoin (XBTUSD) and Ethereum (ETHUSD) perpetual swaps. According to the BitMEX blog, these adjustments will take effect on July 31, 2024 at 04:00 UTC. Adjustment details The minimum price increment, often referred to as the tick size, is the smallest increment that the contract price can move. The changes are as follows: Permanent Swap Current minimum price…
Restaking is a key technology for truly decentralized apps. On Ethereum, re-staking is already implemented in Solana. This will enable user-friendly and decentralized apps. While blockchain networks are approaching decentralization, most decentralized applications (dApps) are not. Instead of being controlled by the community, dApps are typically controlled by token holders, often a handful of venture funds and whales. But some apps are trying to change that, leveraging restaking to secure the network. Already popular on Ethereum, the largest and most decentralized network, restaking is now coming to Solana. Why Re-Staking Matters in Solana Solana’s latest technology could enable the proliferation…
Bitcoin (BTC) rose 6% on July 26, approaching the $68,000 resistance level. Interestingly, this move coincided with increased buying pressure on US Treasuries, with US 5-year yields falling to their lowest levels since March 2024. Similarly, gold, considered the world’s largest reserve asset, rose 1.4% on July 26, approaching $2,400.US 5-year yield (left) vs. gold (right). Source: TradingViewBitcoin’s rally may seem counterintuitive given investors’ increased interest in bonds and gold, but the answer lies in the performance of tech stocks and real estate markets.Bitcoin price rises as stock market rally stalls and real estate data slumpsPart of the increased demand…
The EigenLayer Foundation has announced a rewards program that rewards stakers and operators who actively secure verified services. According to a blog post, the Ethereum (ETH) restaking protocol will also introduce a new incentive program that will provide 4% of the total supply of EigenLayer (EIGEN). EigenLayer Foundation Announces Reward Enhancement Program EigenLayer connects various restaking protocols, stakers and operators secure AVS by restaking ETH, and in return receive staking rewards. With the launch of this new initiative, it will be the first time that stakers and node operators will receive token-based rewards directly from AVS via the EigenLayer protocol.…
Ethereum Ethereum +5.53% Team leader Péter Szilágyi expressed concerns about the direction of the Ethereum blockchain network. Szilágyi’s views include the Ethereum PeerDAS proposal, which would increase the size of an Ethereum blob to 32MB, among other changes. Szilágyi argues that the PeerDAS upgrade would discourage home stakers with generally simpler computing setups from participating in the Ethereum network, which goes against the decentralized spirit of blockchain.“Ethereum Research is killing home stakers in front of everyone,” Sillaji wrote on social media platform X. “This is not what I signed up for when I joined Ethereum.”He added, “At this point I…
July 26th If Trump is elected, will he introduce a Bitcoin strategic reserve? Posted at 10:00 In education By administrator If the United States adopts Bitcoin as a strategic reserve asset, it could have a profound impact on global cryptocurrency regulation, policy, and perception. It would lead other countries to recognize the economic and geopolitical benefits of embracing digital assets and create more supportive regulatory frameworks. Such a move would legitimize Bitcoin on an international scale, encouraging other countries to incorporate it into their reserves and potentially leading to competitive accumulation of Bitcoin across countries. It could also spark an…
A widely known cryptocurrency analyst believes that one of Ethereum’s (ETH) competitors is making a sharp move. Cryptocurrency trader Ali Martinez told his 68,300 followers on social media platform X in a new strategy session that Solana (SOL) could deliver returns of over 400% based on historical precedent. “Solana is very similar to July 2021. $1,000 SOL is coming soon!” Source: Ali Martinez/X Looking at the analyst chart, he suggests that Solana is likely to break out of the descending triangle for a bullish reversal similar to the one in July 2021, when SOL surged from around $34 to an…
Darius Baru 26 July 2024 12:07 Binance has concluded the 7YA Product Guide Learning Week, processing quiz feedback and distributing token voucher rewards to participants. Binance concludes 7YA Product Guide Research WeekBinance has successfully completed the 7YA Product Guide Study Week, an initiative aimed at educating users on its various product offerings. According to Binance.com, the week-long event included a series of quizzes and interactive sessions designed to enhance user knowledge.Feedback and AdjustmentsDuring the event, participants provided feedback on the clarity of the final quiz question hosted by Binance Survey. Binance acknowledged this issue…