Significant influx of digital asset funds Digital asset investment products experienced significant inflows totaling $2 billion in the first week of June, according to CoinShares. This means that investor interest has increased noticeably thanks to expectations of future interest rate cuts. Over a five-week period, inflows have now reached $4.3 billion. Exchange-traded product (ETP) trading volume also increased significantly, reaching $12.8 billion this week, up 55% from the previous week. Bitcoin and Ethereum lead the way Bitcoin (BTC) remained a major focus for investors, attracting $1.97 billion in inflows during the week. Ethereum (ETH) also…
Author: Crypto Flexs
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In an analysis published to his 280,000 X followers, the renowned cryptocurrency analyst known as Cold Blooded Shiller (@ColdBloodShill) provided an in-depth look at the current state of Bitcoin amidst a volatile market environment. His commentary, titled “Ultimate BTC Simple Bias Guide,” unpacks the recent emotional reactions triggered by Bitcoin price movements and provides a strategic framework for interpreting these changes. Would you like to buy or sell Bitcoin now? On Friday, the price of Bitcoin plummeted from $71,900 to $68,500. The decline coincides with the release of the U.S. Employment Situation Summary report, economic data that typically influences market…
Lucky Catoshi Launches Innovative Meme Coin Project with Unique Community Engagement – Chainwire housenewsroomLucky Catoshi Launches Innovative Meme Coin Project with Unique Community Participation We use cookies to make Chainwire’s website a better experience. Cookies help us provide you with a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications over electronic communications networks. Technical storage or access is necessary for the legitimate…
Scalability is now at the forefront of technical discussions in the cryptocurrency space. The Bitcoin blockchain currently exceeds 12GB in size, requiring days for a new Bitcoin node to fully synchronize, the set of UTXOs that need to be stored in RAM is approaching 500MB, and continuous software improvements to the source code are trivial. . That’s not enough to flatten the trend. With each passing year, it becomes increasingly difficult for the average user to run a fully functional Bitcoin node locally on their desktop, even as Bitcoin’s price, seller acceptance, and popularity have skyrocketed the overall number of…
South Korea’s top financial regulator on Monday issued new guidance targeting non-fungible tokens to provide regulatory clarity for NFTs, according to Yonhap News Agency.new guidelines According to reports The Financial Services Commission (FSC) has stated that it will regulate certain NFTs as regular cryptocurrencies if they are deemed to no longer possess the unique characteristics that distinguish them from cryptocurrencies. The FSC said NFTs can be classified as cryptocurrencies from a regulatory perspective if they are mass-produced, fairly exchangeable, divisible, or can be used to pay for goods and services, Yonhap News reported, citing guidelines. I did.On the other hand,…
BitMEX co-founder Arthur Hayes said central bank policy changes would catapult cryptocurrency assets into a new bullish phase. Hayes, who is currently CIO of cryptocurrency investment fund Maelstrom, noted in a new essay that both the Bank of Canada (BOC) and the European Central Bank (ECB) have decided to lower interest rates. Hayes said moves in Europe and Canada suggest a global shift in looser monetary policy may be underway, which could lead to a surge in risk assets if the U.S. Federal Reserve follows suit. “The June central bank fireworks that started this week with interest rate cuts from…
Ethereum price dropped significantly, testing the $3,580 support area. ETH is currently recovering and faces many obstacles near $3,740. Ethereum began a recovery and broke above the $3,660 resistance level. The price is trading below $3,750 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) shows a major bearish trendline forming with resistance near $3,740. As long as the pair fails to close below the $3,640 support, the pair could start a new uptrend. Ethereum price faces resistance Ethereum price extended its decline below the $3,660 support level. ETH also fell below $3,600 before…
Tron price is rising above the $0.1150 resistance level against the US dollar. TRX outperforms Bitcoin and could rise further above $0.1180. Tron is rising above the $0.1150 resistance level against the US dollar. The price is trading above $0.1155 and the 100-hour simple moving average. The hourly chart of the TRX/USD pair has a key bullish trendline with support at $0.1160 (data source from Kraken). The currency pair may continue to rise towards $0.1200 or even $0.1220. Tron price is showing strength again. Recently, Bitcoin and Ethereum showed new declines below $68,500 and $3,750, respectively. However, Tron price remained…
President Donald Trump has made a calculated pivot to embrace Bitcoin and cryptocurrencies as he senses a strategic advantage over incumbent Joe Biden in the 2024 election. While Biden anticipated hostility toward Bitcoin, Trump appeals directly to the growing bloc of Bitcoin-supporting voters.In recent months, Trump began accepting Bitcoin donations, became the first US president to accept Bitcoin Lightning payments, and promised pro-crypto policies once he returns to the White House. This marks a notable change for Trump, who was previously indifferent to Bitcoin and cryptocurrencies.BREAKING NEWS: 🇺🇸 Donald Trump becomes the first US president to accept it. #Bitcoin Campaign…
According to taiko.mirror.xyz, the Taiko (TAI) network announced that proposals and proofs on its platform are now completely permissionless. This development makes Taiko the first rollup to offer this functionality, making it a pivotal step toward full decentralization. Ultimate Foundation Rollup The term “based rollup” was coined in a research post by Justin Drake, which defines a rollup as a based or L1 sequence if the sequencing is driven by a base layer 1 (L1). This means that the next L1 proposer can cooperate with the L1 searcher and builder to untrustingly include the next…