Bitcoin BTC +6.31% Short liquidation volume surged to more than $24 million in the past 24 hours as prices rebounded from multi-month lows below $57,000 on Monday.A total of $33 million worth of Bitcoin positions were liquidated in the last 24 hours amid volatility. During the same period, the broader cryptocurrency market saw liquidations of more than $112 million. The majority of these combined cryptocurrency liquidations (about $70 million) were short positions, according to Coinglass data.According to The Block’s price page, Bitcoin is up 3% in the last 24 hours and holding above $59,000, trading at $57,471 as of 5:45…
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Coinbase CEO Brian Armstrong said Base is now leading the way. Layer-2 Solutions based on transaction volume. Base leverages “optimistic rollups” to batch transactions on the underlying Ethereum blockchain to speed up transactions and reduce costs. These transactions are later integrated and finalized on the Ethereum mainnet, maintaining Ethereum’s high security standards. This efficient process significantly reduces costs. Top Layer 2 solution with the highest transaction volume Armstrong detailed the innovations driving this change in its first quarter earnings call on May 2, 2024. The significant transaction volume on the network represents a significant leap forward in blockchain capabilities. According…
The U.S. Securities and Exchange Commission (SEC) announced an extension of the review period for 7RCC’s listing of Bitcoin exchange-traded fund (ETF). At this point, the committee is expected to make a final ruling on the application submitted by NYSE Arca by June 24, 2024, with the original deadline set for May 10. 7RCC’s Bitcoin Exchange Traded Fund Overview 7RCC Global has developed a carbon-neutral spot Bitcoin exchange-traded fund (ETF). The purpose of the idea is to provide investors with exposure to Bitcoin while also addressing environmental issues through carbon credit integration. The exchange-traded fund…
In the ever-expanding online casinos, ensuring the safety and security of financial transactions is of utmost importance.Choosing the safest payment method when engaging in online gambling is important to ensure your security and peace of mind. Credit cards like Visa and MasterCard are widely accepted and offer strong consumer protections, including fraud protection. E-wallets like PayPal, Skrill, and Neteller act as intermediaries, providing an additional layer of security. This allows users to deposit funds without having to share their banking details directly with the casino. Cryptocurrencies such as Bitcoin are becoming increasingly popular in online gambling because they offer anonymity…
join us telegram A channel to stay up to date on breaking news coverage Bonk price has traded up 14% in the last 24 hours. $0.00002603 As of 6:50 a.m. EST, trading volume had surged 32% to $465 million. Bonk has surged 75% in the past two weeks and has surged 148% so far this year. Bonk price rebound in head and shoulders pattern Bonk price declined after hitting resistance at $0.00004291. Despite buyers’ efforts to push prices up, sellers continued to push prices lower, reaching the support area at $0.00001477. However, the bulls were once again in control as…
Share this article Several cryptocurrency projects are gearing up for significant token launches in May, led by Aavo, Pyth Network, Memecoin, and Starknet. data Token unlocks indicate that this project will experience its largest token unlocks this month.Memecoin (MEME) has released 5.31 billion tokens, which makes up about 31% of its circulating supply and is currently worth nearly $128 million.Aavo plans to launch 827.6 million AAVO tokens, worth approximately $1.1 billion, on May 15. These tokens will be allocated to initial private sale investors, the team, the DAO Treasury, and the remaining RNB in circulation (this is part of the…
While Friday’s inflows end a streak of GBTC net withdrawals, BlackRock’s iShares Bitcoin Trust (IBIT) is challenging the fund for the title of largest Bitcoin ETF. GBTC currently has $18.1 billion in assets and IBIT has $16.9 billion. IBIT, now in second place, started from zero in January, while GBTC held more than $26 billion.
Bifecoin It is believed that we will soon witness a significant price increase. Some recent events have increased market interest in this fledgling meme cryptocurrency. Analysts share the view that favorable conditions have been created and enthusiasts/investors are following the trend fiercely. Let’s take a closer look at the basics of BEFE to understand its current market position. The rise of meme coins in the cryptocurrency world reflects a mix of the power of social media and speculative investment dynamics. New entrants have emerged in the meme sphere, initially started as internet jokes and later launched and popularized by the…
Grayscale’s GBTC spot Bitcoin exchange-traded fund recorded its first ever daily net inflow on Friday, ending a 78-day streak of outflows.GBTC’s cumulative outflows since the U.S. spot Bitcoin ETF began trading on Jan. 11 totaled more than $17.5 billion through May 2, but the high-fee fund suddenly fell on Friday, according to data from Farside Investors and CoinGlass. It generated inflows worth $63 million.“Holy shit GBTC came in today. “The 80-day streak is finally over.” Bloomberg ETF analyst Eric Balchunas posted on X. “I had to look back and double-check the data, but it was true.”“The GBTC outflow streak is…
Crypto asset manager Pantera Capital announced Thursday that it is investing in layer 1 altcoin TON, sparking a modest rally for the asset. TON is the native token of a layer 1 blockchain originally developed by the encrypted messaging platform Telegram. Telegram parted ways with the project in 2020 following a legal battle with the U.S. Securities and Exchange Commission (SEC). Open Network, an open source developer community, took over technical management that year. However, TON can be sent by 700 million Telegram users within the platform without having to enter a wallet address. According to cryptocurrency asset manager Ryan…