Bitcoin (BTC) revisited the $60,000 support level on July 3rd, indicating that bears are maintaining selling pressure. It may not be easy for Bitcoin to break the $60,000 to $56,552 support level as bulls are expected to defend it and Bitcoin may remain in a large range for a longer period.The risk to Bitcoin’s continued sideways movement could come from selling pressure from Mt. Gox bondholders, who may need to rush to secure their profits after receiving their repayments in early July. Crypto Market Data Daily View. Source: Coin360However, at lower levels, buying is likely to be seen in the…
Author: Crypto Flexs
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Developer Compute Labs Solana brush -7.35% The GPU tokenization protocol raises $3 million in a pre-seed funding round.Protocol Labs, the company behind the decentralized file storage network Filecoin Phil -6.58% Compute Labs said Wednesday that it led the funding round. Other investors include Blockchain Coinvestors, OKX Ventures, CMS Holdings, HashKey Capital, Amber Group, and P2 Ventures (formerly polygon Matic -6.74% Ventures). Angel investors including Polygon’s Sandeep Nailwal and Illia Polosukhin. near -7.29% Protocol and Solana Foundation’s Austin Federra also participated in this round.Compute Labs began raising funds for its pre-seed round in March, the year it was founded, and closed…
Cryptocurrency investment products that track Ethereum and others saw another week of outflows last week, but the amounts were small and the third straight week of outflows. Digital investment products saw $30 million worth of outflows last week. But this outflow is out of trend. We usually observeBitcoin has taken a step back, and most of the movement has come from Ethereum-based investment products. In particular, according to the latest CoinShares report, institutional investors have pulled a whopping $60.7 million out of Ethereum-based investment products in just one week, the largest amount so far this year. Ethereum leads the outflow…
Open Campus announced that it has received a significant grant from the Arbitrum Foundation to support the launch of EDU Chain, the first Layer 3 (L3) blockchain specifically tailored for the education sector. According to Animoca Brands, this groundbreaking initiative is set to revolutionize the educational landscape by integrating blockchain technology into the learning environment. EDU Chain: A New Paradigm in Education EDU Chain, an L3 Rollup built on the Arbitrum Orbit Stack, aims to foster a decentralized application (dapp) ecosystem for learners and educators through blockchain-based ownership. This innovative “Learn Own Earn” model records…
The cryptocurrency market is making traders nervous with the continued price decline. Bitcoin is under immense selling pressure due to ETF outflows, the upcoming Mt. Gox bankruptcy, and increased miner sales. Bittensor and other AI-focused cryptocurrencies are also facing a temporary drop in interest. Despite this downward mood, BlockDAG It shines as a promising long-term investment. It successfully raised $55.4 million in its pre-sale and became the highest-rated coin on Coin Sniper. Experts predict that BlockDAG can reach $30 by 2030, showing its technical strength and investment potential. Bitcoin price is under pressure due to capital outflows. Bitcoin is under…
Spot Bitcoin ETF supportEd industryThe mainstream of Trustworthy. that much market Seems pessimistic about it Solana ETF At this point. short-term price movement Cannot be used for measurement ETF Approval. The approval of a spot Bitcoin ETF in the US in January 2024 was a watershed moment for the cryptocurrency industry. Bitcoin hit a new all-time high just two months after the ETF’s launch, with unprecedented net inflows demonstrating pent-up demand and solidifying BTC’s status as a legitimate investment asset. The success of the Bitcoin ETF has paved the way for altcoin ETF applications, and Ethereum products are next in…
Bitcoin Bitcoin -2.35% Mining companies across the industry have released statistics detailing their mining activity and energy consumption for June, as companies ramp up investment in new generation infrastructure and sign long-term energy procurement contracts in response to the dramatic changes brought about by the April halving event.Riot Platforms has outperformed Bitcoin mining activity since May, with its monthly Bitcoin mining volume increasing by 19%, bringing in 255 BTC in June and 215 BTC in May. However, as expected, the company has only mined about half as much Bitcoin as it did in the same period last year following the…
Chainlink is partnering with Fidelity and Sygnum to bring NAV data on-chain, providing real-time access. This collaboration uses blockchain to improve transparency and efficiency in NAV reporting. This initiative sets a new standard for asset management and highlights the potential of DeFi. In a groundbreaking move in the cryptocurrency and financial sector, Chainlink is partnering with Fidelity International and Sygnum to bring net asset value (NAV) data to the chain. This strategic collaboration aims to leverage Chainlink’s decentralized oracle technology to improve the transparency and efficiency of NAV reporting, thereby setting a new standard for real-time data accessibility. This highlights…
According to the Securities and Futures Commission (SFC), Tse Tsun Wai was found guilty and fined for engaging in unlicensed financial activities. The court’s ruling highlights the importance of regulatory compliance in the financial sector. Details of the conviction The court found Tse Tsun Wai guilty of conducting financial services without the required license. The breach of these regulatory requirements resulted in a significant fine, but the specific amount was not disclosed in the SFC announcement. The conviction follows a thorough investigation by the SFC, which found that Tse Tsun Wai had provided financial advice…
Disclosure: This article does not constitute investment advice. The content and materials presented on this page are for educational purposes only. KangaMoon has surged 20x since being listed on BitMart and Uniswap, Bitcoin Cash has fallen 39%, but NEAR Protocol is expected to rise 230.07% by August 2024. As the cryptocurrency market grows and attracts attention from both investors and enthusiasts, new and creative ideas are emerging. KangaMoon, which was originally expected to generate 100x returns by 2024, has already generated over 20x returns since being listed on BitMart and Uniswap, and has paid out a 2,000% ROI to early…