Bitcoin (BTC) returned to $62,000 on June 25 as the market slowly recovered its losses by the opening of the week.BTC/USD 1-hour chart. Source: TradingViewAs the market rebounds, BTC price tests the 200-day trendline.According to data from Cointelegraph Markets Pro and TradingView, BTC price strength is showing a tentative recovery after the opening bell on Wall Street.Bulls struggled as a trip to the previous day’s seven-week low of $58,500 triggered a series of capitulations.Bitcoin’s Relative Strength Index (RSI) reading on a four-hour basis hit its lowest level since August 2023. This is also the last time BTC/USD abandoned a bull…
Author: Crypto Flexs
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LINK surged 7.7%, sparking optimism among analysts. Despite the surge in prices, market sentiment remains bearish with few bullish signals. After several weeks of declines, Chainlink (LINK) has posted a strong rally. Recent developments have pushed it above the support level around $12.96. As it moves out of this zone, bulls are expecting a continued upward trend despite the volatility of the altcoin. Recent market activity has captivated various cryptocurrency stakeholders, sparking speculation and bold predictions. One notable analyst said world of charts, LINK shared that: “It’s still heating up within the wedge that finally falls. The more it consolidates,…
HIVE Digital Technologies reported 8% year-over-year revenue growth on Tuesday to $114.5 million, beating analysts’ estimates by about $2.7 million.HIVE’s total operating margin for the fiscal year ended March 31, 2024 was $40.4 million, or 35% of revenues, and for fiscal 2023 it was $50.9 million, or 48% of revenues. The decline was mainly due to increased Bitcoin network difficulties compared to previous years, along with rising Bitcoin prices, the company said.Other than the company’s HPC operations, revenue from digital currency mining was $111 million, with a total operating margin of $40.3 million, or a 36% operating margin. HIVE achieved…
HIVE Digital Technologies reported 8% year-over-year revenue growth on Tuesday to $114.5 million, beating analysts’ estimates by about $2.7 million.HIVE’s total operating margin for the fiscal year ended March 31, 2024 was $40.4 million, or 35% of revenues, and for fiscal 2023 it was $50.9 million, or 48% of revenues. The decline was mainly due to increased Bitcoin network difficulties compared to previous years, along with rising Bitcoin prices, the company said.Other than the company’s HPC operations, revenue from digital currency mining was $111 million, with a total operating margin of $40.3 million, or a 36% operating margin. HIVE achieved…
According to taiko.mirror.xyz, the Trailblazers: Call of Taiko campaign has some exciting news for participants as the week 3 challenge has been extended to two weeks. This expansion gives gamers more time to earn the coveted Bouncer Faction badge and accumulate XP points. Week 3 Challenge Details From June 24 to July 7, players who participate in Taiko games and perform in-game on-chain activities will be rewarded with the Bouncer Faction badge. These badges not only represent achievements, but also act as XP point multipliers, allowing for faster rank progression. Participation game Taiko offers a…
Farmville creators say the beta phase isn’t about delaying the game, it’s about making it better. Amit Mahajan. It can be frustrating to see your favorite blockchain game being released in stages when you just wanted a finished product. But according to Mahajan, creator of hit games like Farmville and Pirate Nation, it’s worth it in the end because it leads to much better games. “I actually like this whole build publicly and it always moves the game forward. It’s like launch and iteration.” Mahajan told Cointelegraph. He explains that while this may feel like a tease to gamers and…
Colosseum, Solana brush +7.80% – Crypto accelerator raises $60 million for its first fund to support early-stage startups in the Solana ecosystem.Coliseum said Tuesday that the fund will only invest in a select selection of projects from the Solana Hackathon winners. Colosseum co-founder Clay Robbins told The Block that Colosseum is currently the exclusive platform partner for Solana Foundation hackathon operations.The Coliseum was founded earlier this year by Robbins, Nate Levine and Matty Taylor. Taylor, former Solana Foundation Growth Director, launched the Solana Hackathon program in 2020. In January of this year, the Solana Foundation entrusted Colosseum with managing its…
Generative AI has revolutionized software development through prompt-based code generation, and now protein design is the next frontier. According to the NVIDIA blog, EvolutionaryScale announced the launch of the ESM3 model, a third-generation ESM model that provides protein discovery engineers with a programmable platform by simultaneously inferring the sequence, structure, and function of proteins. The startup, which emerged from the Meta FAIR (Fundamental AI Research) unit, recently secured funding led by Lux Capital, Nat Friedman, and Daniel Gross, with an investment from NVIDIA. EvolutionaryScale is at the forefront of programmable biology, supporting research such as…
Solana’s price fell 8% on rumors of the investigation. SEC Investigation Claims Solana Surfaces. Celebrity meme coins are rampant in Solana. Regulation has been one of the key concerns for cryptocurrencies in recent years due to the lack of a clear framework in many jurisdictions. This is especially true in the United States, where the Securities and Exchange Commission (SEC) previously tracked cryptocurrency projects. In such an environment, it is not surprising that even rumors of an investigation could have a negative impact on the token. Most recently, unconfirmed rumors about an investigation into Solana led to a significant drop…
Now, Bitcoin Analysis questions the relevance of the exchange’s BTC balance as 140,000 Mt. Gox coins are scheduled to be released.In a June 24 post on X, popular commentator Matthew Hyland described the decline in exchange supply as “overestimated.”Bitcoin exchange balance falls to lowest level in 6 yearsTotal Bitcoin (BTC) balances on cryptocurrency exchanges are at their lowest level in years. Traditionally, this is seen as evidence of a surge in demand, but not everyone is so convinced.For Hyland, the correlation between supply fluctuations and BTC price performance leaves something to be desired.“The supply side IMO is overrated,” he summarized,…