Bitcoin’s rally also had a huge impact on cryptocurrency stocks in U.S. indices on Monday.Cryptocurrency miners performed particularly well on Monday, with Cipher Mining shares (CIFR) leading the pack, up more than 27%, followed by Marathon Digital (MARA), Hut 8 (HUT), Riot Platforms (RIOT), and Cleanspark (CLSK), all up between 15% and 19% on the day. Bitcoin Bitcoin +5.70% ‘The price of s, which had been trading mostly below $60,000 for the past 10 days, rebounded early Monday morning, breaking above $63,000 after former US President Donald Trump survived an assassination attempt on Saturday. Late Monday afternoon, Trump picked crypto-friendly…
Author: Crypto Flexs
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Presidential candidate Donald Trump survived an assassination attempt over the weekend, sending memcoins soaring and increasing the odds that he will win the 2024 election. According to cryptocurrency betting site Polymarket, Trump currently has a 72% chance of winning the presidential election, while Biden has just an 18% chance. After the assassination attempt, Trump’s chances of winning increased significantly. Source: Polymarket At the same time, MAGA (TRUMP), the largest Trump-inspired meme coin project on the market, is up 27% since the shootings, and at one point was up 81%. TRUMP has since cooled, trading at $8.02 at the time of…
James Ding 15 July 2024 19:16 A comprehensive overview of Ethereum staking by Galaxy, covering types, risks, rewards, future projections, and more. As blockchain networks continue to evolve, Ethereum staking is gaining significant attention. According to a comprehensive report from Galaxy, Ethereum stakeholders must navigate an environment that is both full of opportunities and risks. This report is the first in a three-part series that explores various staking activities, including re-staking and liquid re-staking. Ethereum Staking Overview As of July 15, 2024, Ethereum (ETH) holders have staked $111 billion worth of ETH, or 28%…
On July 15, Constellation Network opened up its Hypergraph blockchain, developed in collaboration with the U.S. military, to application developers at a global hackathon event co-hosted by tech giants IBM and Panasonic.The hackathon marks the debut of Constellation’s “metagraph” application layer, which allows third-party developers to build Web3 applications (or new Layer 1 blockchains) on top of Hypergraph’s existing network. Hypergraph is a so-called “Layer 0” protocol designed to validate and store data from interoperable applications and networks (called metagraphs) in a ledger. According to the announcement, the metagraph works with any data type, interfaces directly with external data sources,…
Altcoin markets have been in a downtrend for the past two weeks, but key indicators suggest the recent decline could signal a “relative momentum bottom” and if history repeats itself, a “full rally” could soon follow, crypto analysts say. According to Jamie Coutts, senior crypto analyst at Real Vision, the top 200 cryptocurrencies equal-weighted index is “still in a downtrend, but the recent sell-off, which hit 10% according to the Altseason indicator, is likely a relative momentum bottom.”The Cryptocurrency Top 200 Equal Weighted Index is an equal-weighted index that tracks the performance of the top 200 cryptocurrencies by market cap…
It looks like we could see ETH approval this week. The news of approval comes as space observers are confident. The recent speculation that an Ethereum (ETH) ETF approval is imminent has sent shockwaves through the markets, resulting in Ethereum posting some of its most impressive price gains in recent weeks. What’s interesting is that despite all this activity, social activity surrounding Ethereum has remained relatively quiet. Is an Ethereum ETF Coming Soon? Nate Geraci provided the latest speculation on Ethereum ETF approval this week, highlighting an optimistic outlook that isn’t driven by specific regulatory indicators, but by broader industry…
Following other altcoins like Bitcoin and Ethereum, Solana is on the rise again after its steep losses in June. Although buyers have yet to reclaim the $155 support level, the expansion over the past few days has added 25% since its crash in early July. Is SOL ready for $1,000? With such encouraging gains over the past few days, traders are expecting a big uptrend in the coming days and weeks. Moving to X, one analyst said the coin could easily rise 6x from its spot price and hit $1,000 in the next bull cycle. In the current situation, it…
Republican presidential nominee Donald Trump has chosen cryptocurrency-friendly Senator JD Vance as his vice president.President Trump announced his victory on Monday in a post on TruthSocial that was widely circulated on social media.“After much thought and consideration, and after considering the tremendous talents of many others, I have decided that the person best qualified to serve as Vice President of the United States is Senator J.D. Vance of Ohio,” Trump posted.The Ohio Republican has been supportive of the cryptocurrency industry and has been critical of the U.S. Securities and Exchange Commission. Last year, Vance, along with other Republicans, sent a…
Felix Pinkston July 15, 2024 18:56 Anyscale launches Replica Compaction to address resource fragmentation, improve resource utilization, and reduce the cost of Ray Serve deployments. Enterprises adopting AI increasingly face resource utilization and cost management challenges. In particular, model serving and inference must be able to scale up and down over time in response to traffic. Ray Serve is a Ray-based scalable model serving library that helps handle these dynamics. Open source systems like Ray Serve can help manage traffic growth, but even sophisticated systems struggle to scale. Under As traffic volumes decrease, this…
Helium Mobile, a decentralized mobile and wireless network, has shared its first progress update since the project released its product roadmap in June.The Decentralized Physical Infrastructure Network (DePin) has announced a pilot program with other telecom operators to explore expanded coverage, improved compatibility with third-party hardware manufacturers, and network interoperability.Helium’s licensing program provides hardware developers with the means to build and market network-compatible hardware such as routers, hotspots, and wireless relays that support wireless communications networks.RAKwireless becomes the first hardware manufacturer to leverage Helium’s licensing program for its MNTD.FI Pro mobile hotspots, currently available only in the United States.Helium is…