Bitcoin (BTC) price rose 3% on May 13 as cryptocurrency traders anticipated price volatility ahead of this week’s U.S. macroeconomic data update.According to data from Cointelegraph Markets Pro and TradingView, the intraday BTC price hit a high of $63,269 on Coinbase shortly after Wall Street opened on May 13.BTC/USD daily chart. source: TradingViewThis week, market participants await U.S. inflation data that will help the Federal Reserve decide whether to cut interest rates in 2024. The U.S. Producer Price Index (PPI) will be released on Tuesday, May 14th, and the Consumer Price Index (CPI) will be released on May 15th. According…
Author: Crypto Flexs
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Polygon, formerly called Matic Network, is now the leading Ethereum Layer 2 scaling solution that delivers faster and cheaper transactions while maintaining the safety and decentralization of the Ethereum blockchain. Among the many differentiating factors in the Polygon ecosystem is a consensus mechanism called Proof of Stake (PoS), where MATIC holders raise their tokens for staking to earn a percentage of all costs associated with system security and approval processes. . This article provides introductory information about Polygon (MATIC) staking, including what it involves, why you should use it, and how to get started.Understanding Polygon (MATIC) Staking“Staking” on Polygon’s network…
Tim Draper’s VC firm Draper Associates led Zest Protocol’s $3.5 million seed round. Among the major participants are Binance Labs, Trust Machines, and Bitcoin Frontier Fund. Billionaire Tim Draper led a $3.5 million seed round investment in Zest Protocol, an on-chain Bitcoin lending platform. In addition to the billionaire’s venture capital firm Draper Associates, the round saw participation from Binance Labs, Trust Machines, and Flow Traders. Bitcoin Frontier Fund, Gravity Fund, Primal Capital, Hyperithm, Miton Crypto, Tykhe Block Ventures, and Elixir Capital also participated. Zest will use the funds to expand its decentralized peer-to-peer lending business, according to details published…
A new filing with the Securities and Exchange Commission highlights key figures from HODL, a spot Bitcoin exchange-traded fund (ETF) issued by investment manager VanEck’s digital assets division. HODL’s Bitcoin investments during the first fiscal quarter ending March 31, 2024 were 8,711 BTC, valued at $619,067,103, and the fund’s net assets increased by $109 million, according to Monday’s filing. HODL also had Bitcoin investments of $20 million in total debt as of March 31, net realized gains of $6 million, and 8.2 million shares outstanding as of April 30, 2024. The VanEck Bitcoin Trust, known as HODL, is an investment…
Now, let’s get straight into Hot Devil Slot. The devil is expected to lurk in the details, or lack thereof. The cover features a bombshell demon oozing wild adventure, wielded by AI magic (because why not?). Where have you ever heard of a devil who is a very chill and laid-back friend? Aside from Little Nicky, of course, there’s always a rent-free spot on my Netflix wish list. What I do know is that if I were to meet the devil, I would never expect to crack open a few bottles and catch up on a Eurovision performance while laughing…
BounceBit, a major player in the cryptocurrency sector, has officially launched its BounceClub mainnet, an on-chain Web3 world designed for everyone to create and participate. This happens after the BounceClub East-West Testnet Event and the successful completion of Testnet Phase 2.Mainnet Club DistributionA total of 7000 BounceClubs have been pre-mined in preparation for the mainnet launch. The first 1000 BounceClubs will be reserved by BounceBit and distributed as rewards to ecosystem partners, while the remaining 6000 will be allocated to the top 6000 Testnet BounceClub owners based on the amount of BIT accrued during the…
If we do the research, you can get alpha!Get exclusive reports and key insights on airdrops, NFTs, and more! Subscribe to Alpha Reports now and enjoy the game!Go to Alpha ReportFormer professional kickboxer turned social media provocateur Andrew Tate claims he cashed out $500,000 in Bitcoin to invest in GameStop and other meme coin stocks in a bid to harass hedge funds.“There are hedge fund managers who will wake up tomorrow morning and have $13 billion in losses if GameStop opens at current prices,” Tate said. twitter video. “That person’s entire hedge fund!”His Reddit-inspired hypothesis is similar to this: 2021…
BounceBit mainnet launch We are excited to announce the official launch of the BounceBit mainnet, marking a significant milestone since its initial launch in late January 2024. With the successful Water Margin TVL event, BounceBit has seen tremendous growth, boasting approximately $1 billion in total value locked (TVL). ) and nearly 400,000 early contributors. Impressive growth since initial launch Since the launch of BounceBit’s premium yield generation feature, thousands of staked BTC have been continuously monetized through funding rate arbitrage. Our testnet phase was also a huge success, showcasing the BounceClub ecosystem and highlighting the…
Digital asset manager CoinShares said institutions resumed investing in cryptocurrency products last week after a five-week break. In its latest Digital Asset Fund Flows report, CoinShares found that digital asset investment products brought in inflows of $130 million last week after four weeks of outflows. “Digital asset investment products saw inflows totaling $130 million for the first time in five weeks. However, exchange-traded product (ETP) volume continued to decline, hitting $8 billion per week compared to an average of $17 billion in April. These trading volumes highlight that ETP investors are currently less engaged in the cryptocurrency ecosystem, accounting for…
Tim Draper led a $3.5 million seed funding round for Bitcoin lending startup Zest Protocol. This move is a significant milestone in making decentralized finance (DeFi) accessible on the Bitcoin network, with notable contributions from industry giants like Binance Labs. $3.5 million invested in Bitcoin lending venture Built on the Stacks blockchain, the Zest Protocol aims to revolutionize Bitcoin lending. It seeks to allow BTC holders to utilize their assets in an on-chain lending market without the need for intermediaries. The startup is taking advantage of the upcoming upgrades to Stacks Nakamoto and sBTC. Tycho Onnasch, founder of Zest Protocol,…