Company • July 16, 2024 3:19 AM EDT Posted 1 minute earlier In ~ Updated: July 16, 2024 5:05 AM EDT At 6:49 a.m. UTC on Tuesday, a Bitcoin wallet known to be associated with Mt. Gox was sent. Almost 42,588 Bitcoin +0.59% (2.7 billion USD) was sent to an unknown address, “18vjn,” according to a label from blockchain analytics platform Arkham.This massive move followed what was believed to be a test transaction at 5:13 a.m. UTC, where a Mt. Gox wallet transferred 0.021 BTC ($1,320) to an unknown address. At 6:39 a.m. UTC, Mt. Gox also transferred 44,000 BTC…
Author: Crypto Flexs
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Cryptocurrency analytics firm IntoTheBlock has warned that mass token unlocks could undermine the performance of several altcoins in the future. IntoTheBlock notes that around $25 million worth of Bitcoin (BTC) is “unlocked” or mined every day, an amount that can easily be absorbed by the massive and liquid market that is the king of cryptocurrencies. On the other hand, projects like Sam Altman’s “proof of identity” project Worldcoin (WLD), decentralized finance (DeFi) platform Stargate Finance (STG), and layer-two blockchain Mantle (MNT) are implementing daily token unlocks that account for a relatively large portion of their market cap, according to the…
Iris Coleman 16 Jul 2024 03:33 NVIDIA Introduces New NIMs for Mistral and Mixtral Models, Empowering AI Project Deployments with Optimized Performance and Scalability Large-scale language models (LLMs) are increasingly being adopted by enterprise organizations to power AI applications. According to the NVIDIA Technical Blog, the company has introduced new NVIDIA Neural Interface Modules (NIMs) for Mistral and Mixtral models to simplify the deployment of AI projects. New NVIDIA NIM for LLM Foundation models serve as a powerful starting point for a variety of enterprise requirements, but often require customization to achieve optimal performance…
Company • July 15, 2024 11:38 PM EDT Posted 1 minute earlier In ~ Japanese investment firm Metaplanet Inc.’s stock rose 25.8% in early trading Tuesday after the company said it had purchased about $1.26 million worth of additional bitcoin.Tokyo listed company goes public 21877 I bought an additional 200 million yen worth of Bitcoin today Bitcoin +0.62% This brings the total Bitcoin holdings to 225,611 BTC, or approximately 2.25 billion yen (US$14.2 million).The latest acquisition comes just over a week after the company purchased 42.47 BTC on July 8. In May, the company announced that it had begun adopting…
The spot Ethereum ETF could start trading next Tuesday. The SEC is in the process of collecting final drafts from potential spot Ethereum ETF issuers. Ethereum (ETH) has lost momentum after breaking above $3,400 earlier today, hitting an intraday high of $3,498 on CoinMarketCap. The leading altcoin was trading at $3,445 at the time of writing, up 3.64% over the past 24 hours. Source: ETH/USDT chart, TradingView ETH has recovered from its drop below $3,000 last week, rising 12.8% over the past seven days at the time of writing, but remains down 13.2% from its March 11 high. The recent…
Tony Kim 16 Jul 2024 04:31 Asset tokenization is set to revolutionize the financial sector with an estimated $16 trillion in value by 2030. Learn about key insights and challenges. Today, the estimated value of asset tokenization is $3.5 billion, and projections suggest it could reach $16 trillion by 2030. This rapidly growing market represents a huge opportunity, but what’s stopping the technology from realizing its full potential? This question was at the center of discussion at the London Tokenisation Policy Summit, hosted by Ripple (XRP) and Imperial College Business School’s Centre for Financial…
Fund • July 16, 2024 12:36 AM EDT Posted 1 minute earlier In ~ The 11 spot Bitcoin exchange-traded funds (ETFs) in the United States continued their seven-day winning streak, recording a daily net inflow of $301 million.According to SoSoValue, BlackRock’s IBIT, the largest spot Bitcoin ETF by net asset value, saw its largest net inflows on the day, at $117.25 million. data. The fund was the most traded Bitcoin ETF on Monday, with $1.24 billion in volume. Ark Invest and 21Shares’ ARKB followed closely behind with $117.19 million in net inflows.Fidelity’s FBTC saw net inflows of $36.15 million, while…
According to a new report from Kaiko, Ether could outperform Bitcoin following the launch of a much-anticipated Ethereum exchange-traded fund (ETF) in the United States.The report highlighted the Ether (ETH) to Bitcoin (BTC) price ratio, which is a measure of how much BTC it takes to buy 1 ETH. The higher this ratio, the higher the Ether price relative to Bitcoin, and vice versa.The ratio is currently at 0.05, down from 0.045 before the U.S. Securities and Exchange Commission (SEC) approved a spot Ether ETF.ETH vs BTC price ratio. Source: KaikoEther’s 1% market depth was also mentioned in the report…
Jack Anderson 16 Jul 2024 03:53 Gala Games presents the Harvest Pie Hoedown event on Common Ground World, bringing new crops, crafts, and rewards for players. This week, Gala Games announced an exciting new event on Common Ground World called Harvest Pie Hoedown. From July 16th to July 19th, farmers from around the world will compete in a three-day event centered around making and selling fruit pies. Event Overview According to Gala News, Harvest Pie Hoedown will feature a meta focused on Fruit Pies, which require ingredients such as blueberries, apples, strawberries, sugar, and…
Cryptocurrency analyst Linda presents the following bullish case: Ethereum (ETH)It is expected to become the second largest cryptocurrency token by market cap. It could go up to $4,000. The analyst also explained the factors that could lead to such a price surge. Why Ethereum Can Reach $4,000 in post Linda shared on TradingView, highlighting the potential approval: Spot Ethereum ETF One factor that could lead to Ethereum moving to $4,000 is that she cited positive sentiment towards these funds, with traders awaiting news from the U.S. Securities and Exchange Commission (SEC). References These spot Ethereum ETFs are expected to be…