Bitcoin hit $58,000 at Wall Street’s opening on July 12 as markets reacted to “sticky” U.S. inflation data.BTC/USD 1-hour chart. Source: TradingViewBitcoin, PPI Reaction Positively Join StocksBitcoin (BTC) price momentum is improving after the producer price index (PPI) rose more than expected in June, according to data from Cointelegraph Markets Pro and TradingView.The annual PPI came in at 2.6%, compared to the expected 2.3%, up 0.1% from the previous month. “On an unadjusted basis, the final demand index rose 2.6 percent in the 12 months ended June, the largest increase since it rose 2.7 percent in the 12 months ended…
Author: Crypto Flexs
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08 July Solana ETF: Opportunities and Challenges for Conquering Financial Markets Posted at 13:57h In education By Tammy Is this a golden opportunity or just an illusion? Two giants in the financial industry, VanEck and 21Shares, have excited the entire crypto community with their proposal to launch an Exchange Traded Fund (ETF) for Solana (SOL), a cryptocurrency known for its fast trading speeds and low fees. If approved, the Solana ETF would open the door for institutional investors with strong financial potential to participate in the Solana market. This could boost the SOL price, increase liquidity, and make Solana a…
Bybit is the world’s largest centralized cryptocurrency exchange by daily trading volume. It offers leveraged trading on a variety of cryptocurrency pairs and has gained popularity for its user-friendly interface, advanced trading tools, and competitive fees.Bybit’s Founding and Early DevelopmentBybit was founded in 2018 by Ben Zhou, a former executive at Forex broker XM. The company was originally headquartered in Singapore before relocating to Dubai in 2023. Bybit is registered in the British Virgin Islands under the name Bybit Fintech Limited.Bybit until 2019 opinion It handled 10% of global Bitcoin trading volume. The following year, the exchange surpassed BitMEX in…
A decade after Ethereum’s initial coin offering, which raised $18.5 million in Bitcoin by selling roughly 60 million Ether, debates about whether different forms of manipulation tactics were involved still swirl in social media. One theory questions whether the Ethereum founders double-spent investors’ funds to artificially inflate the success of the ICO while allowing them to close the sale with a larger share of Ether under their control. Magazine conducted a joint investigation with Canada-based blockchain forensics experts at Gray Wolf Analytics to determine whether the ICO included double-spending of Bitcoin, an activity deemed fraudulent by the presale’s terms and…
Binance, one of the world’s largest cryptocurrency exchanges, has announced a delisting. TrueUSD According to Binance.com, (TUSD) will be removed from cross and isolated margin trading pairs starting from July 24, 2024 at 06:00 (UTC). Delisting Details Delisting will affect the following trading pairs: Cross Margin Pairs: Bitcoin/TUSD, TUSD/USDT Separated Margin Pairs: BTC/TUSD, TUSD/USDT As part of the delisting process, Binance will stop segregated margin borrowing for the pairs at 06:00 (UTC) on July 12, 2024. Then, on July 24, 2024, 06:00 (UTC), Binance will close user positions, perform automatic settlements, and cancel all…
Analysis suggests that institutional Bitcoin investors are “buying the dip” while BTC prices are hitting multi-month lows.On-chain analytics platform CryptoQuant reported in one of its Quicktake blog posts on July 11 that 100,000 new Bitcoin (BTC) were bought in just one week.Bitcoin institutional buying: $5.7 billion in one weekBitcoin institutional investors aren’t just buying, they’re buying with more confidence than when BTC/USD was trading near all-time highs.This is the conclusion of CryptoQuant contributor Cauê Oliveira, who analyzed the changes in wallet balances of institutions holding between 1,000 and 10,000 BTC this week.These institutions, reflecting the institutional aspect of Bitcoin’s investor…
The 150 largest SHIB custodians added a cumulative 6.54T SHIB during the month. The plummeting exchange reserves show a new trend among SHIB holders. The launch of the Ether Spot ETF is expected to help SHIB’s recovery process. Shiba Inu (SHIB) stood out from the rest of the altcoins this past weekend. As the new week began, SHIB provided relief to investors with a mini-rebound rally of 5% over the past 24 hours.SHIB Exchange Reserves Reduced by 5.53 TrillionSHIB has yet to recover the $0.00002 support level due to its strong price correlation with Bitcoin (BTC). The major digital asset…
According to Paige, the first company to provide FDA-approved tools for cancer diagnosis, generative AI is poised to revolutionize the healthcare industry, particularly in cancer diagnostics. In a recent episode of NVIDIA’s AI Podcast, host Noah Kravitz spoke with Paige co-founder and chief scientific officer Thomas Fuchs. Fuchs, who is also the dean of Artificial Intelligence and Human Health at the Icahn School of Medicine at Mount Sinai, shared insights into how AI could dramatically improve patient outcomes. Paige’s AI-based approach Paige uses AI to improve the accuracy and speed of cancer diagnosis. Paige’s tool…
Bitcoin closed above $57,000 for the week of July 7 as markets recovered from a “massive bearish divergence.”BTC/USD 1-hour chart. Source: TradingViewTraders See ‘Positive Signals’ in BTC Price Daily CloseBitcoin (BTC) price action is solidifying a range that is about 8% above its weekly low of $53,500, according to data from Cointelegraph Markets Pro and TradingView.This price was recorded after the market closed on July 5th and represents the lowest level for BTC/USD since late February.However, despite the “after-hours” weekend trading, Bitcoin bulls managed to recover some of the lost ground, leaving the lows as an exception as of this…
ONDO showed a 14% gain but faced an upside barrier near the $1 level. Despite the recovery, overall market sentiment towards ONDO remained weak. As with the overall market, ONDO (On Temperature Finance) followed Bitcoin (BTC) It has rebounded and recorded a recovery gain of more than 14% since July 8. Ondo Finance, a leading issuer of tokenized securities, posted a 4% gain on July 10. This is the Pyth network complete. This partnership will allow Ondo’s USDY/USD price feed to be available on over 60 blockchains. So, with gains of over 10% since Monday, can the ONDO bulls take…