Key Takeaways Tesla held 11,509 BTC worth approximately $765 million during its Q3 2024 earnings call. Tesla’s third-quarter earnings exceeded expectations and improved compared to the previous quarter, with a gross margin of 19.8%. Share this article Tesla released its third quarter earnings report showing solid financial performance while maintaining significant Bitcoin holdings.Analysts and investors have been particularly focused on the company’s profit margins and whether Tesla will change its Bitcoin strategy following recent wallet movements. Despite speculation, Tesla confirmed that its Bitcoin holdings have not changed.As of the third quarter, Tesla continues to hold 11,509 BTC worth approximately $765…
Author: Crypto Flexs
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Ether (ETH) price fell 9.6% from October 20 to October 23 after experiencing a strong rejection at the $2,700 level. This move erased the gains of the previous 10 days, and the 30-day performance remains negative, down 6%, with the Ethereum price now stabilizing near $2,500.The chances of ETH reclaiming $2,800 support are decreasing, and on-chain data shows that high transaction fees are driving activity away from the Ethereum network and ultimately reducing demand for native staking. Total cryptocurrency market cap (blue) and Ether/USD (green). Source: TradingViewSome of Ether’s recent decline can be attributed to the overall cryptocurrency market cap…
The trajectory of the SUI token has changed. The token’s performance in recent weeks has been largely positive. SUI has recently faced allegations of insider selling. The recent resurgence of SUI, the native token of layer-1 blockchain Sui, has surprised the cryptocurrency market as it overcame a seven-month struggle to reach new highs. The rally saw SUI regain the $2 peg it lost in March 2024 and hit new all-time highs, quickly sparking positive sentiment across the ecosystem. However, unable to sustain gains, the token once again fell below the recently recovered peg. The downward spiral of SUI After a…
Tony Kim October 23, 2024 20:36 GetBlock integrates the Cronos (CRO) zkEVM RPC node to provide developers with customizable, high-speed API connectivity. This collaboration aims to streamline dApp development with cost-effective and secure solutions. In a significant development for blockchain infrastructure, GetBlock announced the integration of the Cronos (CRO) zkEVM RPC node into its service portfolio. According to Cronos Labs, the move is aimed at improving the toolkit available to developers working on the zero-knowledge Ethereum virtual machine (zkEVM). Creating developer opportunities GetBlock, a leading Web3 infrastructure platform operating since 2019, now supports Cronos…
Chainlink (LINK) founder Sergey Nazarov said his partnership with payments giant SWIFT has reached an important milestone. In a new speech at the Sibos 2024 conference in Beijing, Nazarov said Chainlink has developed a system that connects the world of traditional finance (TradFi) with blockchain capabilities. “Over the years, we have worked with SWIFT to provide the ability to use SWIFT messages and the SWIFT standard to efficiently interact with blockchains while minimizing additional investment from institutions. I am very excited to tell you that this diagram (below) presented in SWIFT’s second pilot last year is now a reality. “Now…
Ethereum (ETH) bulls have a big challenge ahead of them, despite helping the altcoin rise above $2,700. The new task this time is to prevent ETH from falling below the critical support level of $2,400. In this analysis, BeInCrypto checks whether the cryptocurrency will fall below the zone or whether the bulls will successfully defend it. Ethereum sees increased capital injection. On October 19, Chaikin Money Flow on the Ethereum daily chart fell to -0.10. CMF, popularly called its short form, measures the rate of capital flow into and out of a cryptocurrency. As CMF rises, more funds flow into…
Mert Mumtaz left Coinbase to found Solana developer tools firm Helius in June 2022. But just a few months later FTX collapsed, taking the price of SOL down 60% with it. Solana had soared to its all-time high of $260 a year earlier, in November 2021, thanks in part to its high-profile champion, billionaire FTX founder Sam Bankman-Fried. Mert the Magnificent in Singapore. (X) But when it became apparent SBF was headed to jail over the $8 billion fraud, many thought Solana might never recover. But if you think Mumtaz was worried about his fledgling company’s future, you’d be wrong.…
POL is consolidating within a bearish channel as bullish sentiment builds despite recent price stagnation. On-chain indicators such as active addresses and stable futures funding ratio support the possibility of a breakout. POL (formerly MATIC) Both crowd and smart money indicators are experiencing notable shifts in market sentiment that signal growing optimism. Herd sentiment is at 0.95 and smart money is at an impressive 3.00. This bullish sentiment, combined with increasing network activity, could lead to significant moves. However, POL’s price action has not yet broken out of the consolidation phase. At press time, Polygon is trading at $0.3636, down…
Peter Jang October 23, 2024 17:36 Discover Rome’s hidden gems with Julia, an AI assistant based on Microsoft Azure designed to ease tourist congestion and enrich travel experiences. Rome’s rich historical landscape is now more accessible to tourists thanks to Julia, an AI virtual assistant powered by Microsoft Azure OpenAI service. According to Source EMEA, this innovative tool is designed to ease crowding at popular landmarks by directing visitors to lesser-known sites. Introducing Julia: A Virtual Guide Julia is the result of a collaboration between the City of Rome, Microsoft, NTT DATA and Intellera.…
There was a time when meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB) were popular. But that time has passed, and new and interesting projects are the trend. One such project is PropiChain (PCHAIN), a new project that has captured the attention of cryptocurrency analysts, predicting a possible 8000x rally. Even if these meme coin giants aren’t performing terribly, this newcomer is likely to surpass them. Dogecoin’s Journey: From Meme to Major Player Despite its humble beginnings, Dogecoin (DOGE) has grown into a strong contender in the cryptocurrency market, hitting an all-time high of $0.73 during the cryptocurrency…