Market Update • July 23, 2024 7:18 AM EDT Posted 1 minute earlier In ~ Analysts say Donald Trump is set to attend the Nashville Bitcoin Conference this weekend, and that this is one factor driving the current volatility in the Bitcoin market.”Out-of-the-money options prices have risen significantly, suggesting that extreme market moves are expected,” QCP Capital analysts said. The increased demand and rising prices for these options reflect broader expectations among market participants.Deribit’s Bitcoin options open interest reflects this sentiment. Bitcoin -1.014% According to data from the derivatives exchange, implied volatility for options rose from 53% to 67% last…
Author: Crypto Flexs
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Peter Zhang 23 Jul 2024 04:16 Sui Bridge provides a secure and trust-minimized approach to asset transfers between Sui and other blockchain networks, improving interoperability and adoption. In recent months, significant efforts have been made to develop Sui Bridge, a native bridge to the Sui ecosystem. This initiative will increase Sui’s accessibility to the broader community and improve interoperability with other blockchains. Sui Bridge Background In the blockchain ecosystem, bridges are code It enables interaction and communication between independent blockchain networks. Bridges facilitate the transfer of data across boundaries, allowing users to move assets…
In Q2 2024, 1.64 million BNB tokens worth approximately $970 million were burned. Recent price action is showing resistance around the $600 level. Binance Coin (BNB) completed another large-scale token burn in Q2 2024. According to data from Bscscan, 1,643,698.8 BNB tokens were removed from circulation, worth approximately $969 million at the time of the burn. BNB’s deflationary trend continues as supply decreases significantly. source: BSC scan The burn rate remains strong, which is consistent with Binance’s long-term strategy of reducing the total supply. Each quarter, the burn is aimed at reducing the circulating supply contracts, potentially putting upward pressure…
Bitcoin is at risk of ‘profit taking’ and price weakness amid surge in institutional buying.Popular trader Skew warned in his latest analysis for X on July 23 that there will be a “headline curse” as U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) see inflows of over $500 million.ETF Inflows Not Enough to Keep BTC Price RisingSkew said that while Bitcoin ETFs are seeing a resurgence in popularity this week, there is no guarantee that the good times will continue.On June 22, after the largest US spot ETF, the BlackRock iShares Bitcoin Trust (IBIT), alone saw $526 million in inflows, he…
Avail, a blockchain project that aims to solve rollup fragmentation and improve scalability, has launched its data availability mainnet and native AVAIL token.According to a statement shared with The Block, Avail DA is a modular blockchain solution designed to optimize data availability and help developers build more scalable, cost-effective, and configurable chains.The launch of Avail DA will activate the native AVAIL token. AVAIL will be used to pay data availability fees, and holders can start staking their tokens starting Tuesday to contribute to the security of the network. The AVAIL token will also play a key role in Avail’s governance,…
Bitcoin (BTC) is at risk of ‘profit-taking’ and price weakness amid surge in institutional buying.Popular trader Skew warned in his latest analysis for X on July 23 that there will be a “headline curse” as the US spot Bitcoin exchange-traded fund (ETF) sees inflows of over $500 million.ETF Inflows Not Enough to Keep BTC Price RisingBitcoin ETFs are seeing a resurgence in popularity this week, but there’s no guarantee the good times will last, Skew says.On June 22 alone, the largest U.S. spot ETF, the BlackRock iShares Bitcoin Trust (IBIT), saw $526 million in inflows, and historically, such large inflows…
Mitt Romney, the US presidential candidate, reminds us that corporations are people. Whether or not his supporters agree with the conclusions drawn from that assertion, there is certainly much truth in the statement. After all, isn’t a corporation a group of people working together under certain rules? When a corporation owns property, it actually means that there is a legal contract that states that the property can only be used for certain purposes under the control of the people who are currently on the board of directors. This designation itself can be modified by certain groups of shareholders. If a…
Iris Coleman 23 July 2024 05:00 VanEck hosts webinars covering gold, esports, digital assets, emerging markets, and other investment trends. Learn more about our educational sessions. VanEck, a renowned investment management firm, recently announced a series of webinars aimed at educating investors on a variety of topics including gold, esports, digital assets, emerging markets, investing, natural resources, real estate, and other investment trends. Various topics The webinar provides insights into various investment sectors, giving attendees the opportunity to deepen their understanding of these sectors. Topics discussed include gold investments that are subject to international…
Company • July 23, 2024 2:08 AM EDT Posted 1 minute earlier In ~ A wallet address labeled Mt Gox sent approximately 42587.49. Bitcoin -1.28% (USD 2.82 billion) was deposited to the new address around 5:00 AM UTC on Tuesday. data According to Arkham Intelligence, the move appears to be part of an ongoing effort by Mt Gox to repay $9 billion worth of bitcoin to creditors.At the same time, the Mt Gox wallet moved 5,110.16 BTC to a cold storage address ending in “1Jbez.”The cryptocurrency exchange that was shut down on Monday moved a small amount of bitcoin worth…
Cardano price extended its uptrend above the $0.4350 resistance level. ADA is currently consolidating its uptrend and is likely to drop towards the $0.4250 support level. ADA price rose and tested the $0.4565 level. The price is trading above $0.4320 and the 100 hourly simple moving average. A major bullish trend line broke with support at $0.4400 on the hourly chart of the ADA/USD pair (data source: Kraken). The pair may decline and test the support zone of $0.4250. Cardano price shows signs of short-term weakness Over the past few days, Cardano has gained momentum moving above the $0.40 resistance…