Bitcoin (BTC) price has risen more than 23% over the past two weeks as demand pressures increase, hitting a two-month high of $68,583 on July 22. During this uptrend, BTC surpassed the short-term holder (STH) cost threshold, highlighting “the strength of the ongoing uptrend,” according to market intelligence firm Glassnode.Glassnode wrote in their “Week On-chain” newsletter published on July 24 that the recent BTC price surge above $68,000 was “a welcome relief for short-term Bitcoin holders (STH).”According to on-chain data providers, this group of investors is in a financially stressed situation after “over 90% of supply fell into deficit” following…
Author: Crypto Flexs
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Company • July 24, 2024 4:21 PM EDT Posted 1 minute earlier In ~ Happy Wednesday! Today’s daily reports say a U.S. spot Ethereum ETF has seen net inflows of more than $100 million on its first day, Bitstamp is set to start distributing Mt. Gox funds to bondholders on Thursday, and privacy technology company Proton is set to launch a Bitcoin wallet. Let’s begin.US Spot Ethereum ETF Sees Over $100 Million in Inflows on First DayNine new US spot Ethereum ETFs recorded net inflows of $106.6 million on their first trading day on July 23. Total trading volume…
Join us telegram Stay up to date with the latest news coverage by subscribing to our channels. The price of Olympic has plummeted 43% over the past 24 hours, trading at $0.001918 as of 3:30 AM ET, with volume down 40% to $2.6 million. Solympics is a brand new cryptocurrency that was launched a few days ago in celebration of the 2024 Olympics. The project aims to be a place where the memetic power of Solana meets the world’s most popular competition, allowing users to experience hilarious memes, wild challenges, and epic competitions. The project initially surged from $0.0009219 after…
According to one prominent cryptocurrency analyst, Solana (SOL) may have entered a macro bull trend. A pseudonymous trader named Rekt Capital told his 483,100 followers on social media platform X that the Ethereum (ETH) competitor had a “weekly candle close circled in green.” “A successful retest of the red zone with new support could see the uptrend continue over time.” Source: Rect Capital SOL is trading at $172.20 at the time of writing. The fifth-largest cryptocurrency by market cap is down more than 3% in the last 24 hours, but is up more than 6% over the past week. Rekt…
Ted Hisokawa 24 July 2024 19:55 Polygon (MATIC) CDK is the first chain development kit to integrate Circle’s Bridged USDC standard, providing seamless upgrades and improved liquidity. Polygon (MATIC) CDK has become the first chain development kit to integrate the Bridged USDC standard developed by USDC issuer Circle, polygon.technology announced. This integration aims to streamline the deployment and future upgradeability of Bridged USDC on EVM chains, improving both developer and user experience. Improved developer and user experience The Bridged USDC Standard allows developers to build on a single contract address that remains consistent even…
John Paul Torbjornsen, also known as “JP Thor,” recently confessed something he had kept hidden for a long time. He is the founder of THORChain, a well-known layer 1 cross-chain protocol, and while doing so, he pretended to be a woman named “Lina”, acting completely virtual for 6 years. Now, just months after revealing his identity, Thorbjornsen has revealed his next crusade: building his own super app while “vampirizing” bad players in the decentralized finance (DeFi) industry. “I’m going to vampire attack the entirety of DeFi and wake everyone up,” Thorbjornsen told the magazine. “I’m going to do a six-month…
The price of PEPE has risen by more than 3% in the last 24 hours. Several market indicators were bearish on Mimecoin. After a week of price declines, Pepe’s price has once again gained bullish momentum. This recent uptrend could continue further as memecoin breaks through important levels. Let’s take a closer look at what’s happening in PEPE. PEPE’s bullish breakout CoinMarketCap’s data PEPE said it had suffered a major price correction last week, dropping more than 2% in value. However, things have improved in the last 24 hours. The price of Mimecoin has surged by more than 3%. At…
This column was co-written by Frank Chaparro, Special Projects Director at The Block, and Laura Vidiella of MNNC Group. The views expressed in this column are their own and do not necessarily reflect those of their employers.The Ether ETF has launched. The market debut of the new fund tied to the second-largest cryptocurrency has seen trading volumes surpass $1 billion, which is about 23% of the volumes of the Bitcoin ETF on its first day of trading earlier this year. In terms of overall flow, Ether flows were about 16% of Bitcoin flows.At this point, it is almost a cliché…
Ted Hisokawa 24 July 2024 16:28 Injective (INJ) has launched USDM, a yield-generating stablecoin integrated with Mountain Protocol, and is strengthening the DeFi ecosystem with tokenized treasury bonds. Injective (INJ) announced an integration with Mountain Protocol, bringing the first native yield-generating stablecoin USDM to the ecosystem. According to the Injective blog, the collaboration aims to improve the decentralized finance (DeFi) landscape by giving users the ability to utilize USDM in a variety of decentralized applications (dApps) and earn yields on Treasury bonds. What is Mountain Protocol? Mountain Protocol, the issuer of USDM, is backed…
Franklin Templeton, one of the first firms to issue a Bitcoin exchange-traded fund (ETF) in the United States, is bullish on more cryptocurrency ETFs, including Solana’s product.“Beyond Bitcoin and Ethereum, there are other exciting and important developments that I believe will drive the crypto space forward,” Franklin Templeton wrote in a July 23 post to X. The post added:”Solana has demonstrated mainstream adoption and continues to mature while overcoming technical growing pains and highlighting the potential of a high-throughput monolithic architecture.”Franklin Templeton’s Spot Ethereum ETF Launches on CBOEThe day Franklin Templeton released its statement on a potential Solana (SOL) ETF…