Block, Inc., the company behind payments processor Square, music streaming service Tidal, and bitcoin funding initiative Spiral, has surpassed Coinbase in market cap for the first time since March. Coinbase’s stock price fell this week amid the overall cryptocurrency market decline, marking its worst week of the year. According to data from The Block, Coinbase surpassed Block Inc. in market cap for the first time in March. Meanwhile, Barclays analysts have downgraded their position on Coinbase from Under Weight to Equal Weight, according to Benzinga. Under Weight means the company is expected to underperform its peers over the next 12…
Author: Crypto Flexs
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Bitcoin (BTC) traded between $55,724 and $73,777 on September 6, opening the way for a further decline to the intraday low of $49,000 on August 5. According to Alvin Kahn, COO of Bitget Wallet, Bitcoin could remain under pressure until the Federal Reserve’s interest rate decision on September 18. However, Kahn expects risk assets to rally in the short to medium term after the rate cut announcement.Arthur Hayes, former CEO of BitMEX cryptocurrency exchange who previously predicted Bitcoin would drop below $50,000, has changed his view. He now expects Bitcoin to rally as early as next week, thanks to increased…
Terryl Dickey 06 Sep 2024 14:07 The IOTA Foundation is driving blockchain innovation in Europe through strategic partnerships and EU compliance, establishing itself as a leader in Web3 and sustainable DLT applications. According to the IOTA Foundation Blog, the IOTA Foundation is making significant progress in the European blockchain space through strategic partnerships and strict compliance with EU regulations. IOTA aims to position Europe as a global leader in blockchain technology, focusing on innovative Web3 ID solutions, sustainable distributed ledger technology (DLT) applications, and active participation in regulatory dialogue. A pioneering Web3 solution for…
Asset management firm VanEck announced plans to close and liquidate its Ethereum futures exchange-traded fund (ETF) EFUT, according to a statement on September 6.VanEck cited performance, liquidity, assets under management (AUM), and investor interest as factors in its decision. The firm also cited the recent approval by the U.S. Securities and Exchange Commission (SEC) of its spot Ethereum ETP, ETHV, as a key reason for shutting down EFUT.EFUT shareholders must sell their shares on the fund’s listing exchange by the close of the market on September 16, 2024, after which the ETF will be delisted and trading will cease.Meanwhile, shareholders…
Friend.Tech, a Web 3.0 social network that exchanged tokens for ‘keys’ to influential individuals’ feeds, has effectively shut down after barely a year of successful operation following its initial launch. Friend.Tech developers called a function in the platform’s smart contract in the early morning hours of September 8 to transfer control to a null address on Ethereum, effectively freezing the current system and preventing further changes.There are no fees on smart contracts or (website) Currently moving to ~ Dude. Tech The development team multisig,” the team made clear in an announcement post about X. The platform will ostensibly continue to…
Top coins plunge as market turmoil continues. While most cryptocurrencies are in a downtrend, Avalanche has bucked the trend. Toncoin led the way with double-digit losses. Digital assets continue to face downward pressure during a turbulent week in the cryptocurrency market. Over the past seven days, there has been a broad-based downtrend across major cryptocurrencies, highlighting the sector’s ongoing volatility. Top Cryptocurrencies Hit, AVAX Buffed Up Most major cryptocurrencies have seen significant declines over the past week. While almost all of the top cryptocurrencies were in better positions this time last week, they have still struggled and the recent declines…
Peter Zhang 06 Sep 2024 14:42 Riot Platforms announced that it will produce 322 Bitcoin (BTC) in August 2024 and has surpassed 10,000 BTC in holdings, detailing important operational updates. Riot Platforms, Inc. (NASDAQ: RIOT), a prominent player in the Bitcoin (BTC) mining industry, has released an unaudited production and operations update for August 2024. According to Riot Platforms, the company produced 322 Bitcoins in August and now holds over 10,000 Bitcoins, marking a significant milestone in its operational growth. Bitcoin Production and Operations Riot Platforms’ Bitcoin production in August 2024 will be 322…
Bitcoin (BTC) traded between $55,724 and $73,777 on September 6, opening the way for a further decline to the intraday low of $49,000 on August 5. According to Alvin Kahn, COO of Bitget Wallet, Bitcoin could remain under pressure until the Federal Reserve’s interest rate decision on September 18. However, Kahn expects risk assets to rally in the short to medium term after the rate cut announcement.Arthur Hayes, former CEO of BitMEX cryptocurrency exchange who previously predicted Bitcoin would drop below $50,000, has changed his view. He now expects Bitcoin to rally as early as next week, thanks to increased…
Seychelles-based cryptocurrency exchange OKX has announced support for three new Mimecoins, including a newly launched altcoin linked to Dogecoin (DOGE). OKX announced that it will support perpetual futures trading for meme tokens BasedBrett (BRETT), Simon’s Cat (CAT), and Neiro on ETH (NEIROETH). BRETT is the largest meme coin on Base, the blockchain launched by Coinbase, the largest cryptocurrency exchange in the United States. BRETT has a market cap of $683 million and has fallen more than 40% since early August. Simon’s Cat originally launched on the BNB Smart Chain (BSC) and was airdropped to Dogecoin competitor Floki (FLOKI) holders last…
After a judge yesterday denied an injunction from the U.S. Commodity Futures Trading Commission (CFTC) to ban U.S.-regulated prediction market Calci from offering prediction contracts related to the 2024 election, the website posted a triumphant message on its homepage: “We did it! The U.S. election market is coming to Calci. Stay tuned for more information, and God bless America!” But the CFTC, in a motion filed at midnight last night, asked the agency to urgently stay the judge’s decision for at least two weeks while the agency appeals. The motion was filed before the judge in the case, U.S. District…