Apple announced its next product event on Monday, called Glowtime, which will take place on September 9 at the company’s Apple Park headquarters and will be streamed online. As is the case every fall, the company is expected to unveil its next iPhone, the iPhone 16, as well as an update to its iOS operating system.But beyond hardware updates and an aggressive move toward generative AI, the report says: BloombergApple’s Mark Gurman says Apple is working on a “tabletop robot” and a version that can follow a user, which could be similar to Amazon’s mobile Astro robot. Gurman updated a…
Author: Crypto Flexs
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Bitcoin (BTC) rose 6.2% on August 23, its first price rally in three weeks, and has since held support at $63,000. Despite this positive price action, BTC derivatives traders appear relatively unmoved, indicating lingering skepticism about the sustainability of this trend. Checking the correlation between Bitcoin and the stock marketSome market participants have cited ongoing macroeconomic factors as the main driving force behind cryptocurrency market trends, and investors are eagerly awaiting the U.S. Federal Reserve’s interest rate decision in September.Given that the Russell 2000 Small Cap Index is currently trading 2% below its all-time high close in July 2024, it’s…
Rumpel Labs will be launching a new decentralized finance (DeFi) protocol in September that will allow users to tokenize and trade airdrop points, the company announced on August 26.Backed by venture capital firms including Dragonfly and Variant, Rumpel said it aims to “improve liquidity and price discovery for off-chain loyalty points, and provide new opportunities for point holders, traders, airdrop hunters, and point issuers.” Rumpel joins other newly launched protocols like Nudge that aim to solve the problems of existing methods of attracting and incentivizing users on Web3. Nudge is building a two-sided marketplace where protocols pay users with incentives…
Disclosure: This article does not constitute investment advice. The content and materials presented on this page are for educational purposes only. Intel Markets has raised over $140,000 in a matter of days, drawing attention to Cardano and Toncoin. Analysts predict it will soon grow tenfold. Intel Markets, a new pre-sale project, has become a focal point for the crypto audience, especially for Cardano and Toncoin stakers. Targeting all types of investors, Intel Markets provides clients with access to new trading tools and rare market opportunities. Top analysts are positive about the project as it has raised over $140,000 in just…
Policy • August 26, 2024 1:28 PM EDT Posted 1 minute earlier ~ in Investment bank TD Cowen argues that we should have more realistic expectations about the passage of cryptocurrency-related legislation next year.Jarrett Seiberg, managing director of TD Cowen’s Washington research group and financial services practice, said there is a growing risk of political gridlock surrounding the cryptocurrency market structure bill, FIT21, and the Senate Agriculture Committee bill. “We believe that optimism is misplaced, as we believe turnout on both bills is declining this year, increasing the risk that the bills will be politically stranded next year,” Seiberg said…
James Ding 26 Aug 2024 18:35 According to AMD.com, AMD has released Ryzen AI Software 1.2, providing developers with new tools and improved hardware support for AI-based applications. AMD has unveiled Ryzen AI Software 1.2, the latest version of its AI software designed to provide developers and independent software vendors (ISVs) with a comprehensive environment for building AI-enhanced applications. According to AMD.com, the release aims to maximize the performance benefits of the Ryzen AI APU hardware architecture, which includes the CPU, integrated GPU (iGPU), and neural processing unit (NPU). New hardware support The Ryzen…
Bybit has placed a warning label on the LUNC/USDC trading pair. The community demands explanation for these decisions. Terra Luna Classic fell 4% after a double-digit rebound. The struggling Terra Luna Classic (LUNC) altcoin has taken another hit after Bybit, one of the largest centralized exchanges, put a warning label on one of its spot pairs. The issue was first reported by Turkish customers, and then by other regional users. The official warning from Bybit is classified as ‘special treatment’, which could result in LUNC being delisted.Will Bybit delist Terra Luna Classic?While the quality control has been imposed on LUNC/USDC,…
Ethereum price is consolidating above the $2,700 resistance level. ETH can gain bullish momentum if it breaks the $2,785 resistance level. Ethereum is struggling to gain speed to move above the $2,800 level. The price is trading above $2,700 and the 100 hourly simple moving average. On the ETH/USD hourly chart based on data provided by Kraken, there is a support line forming at $2,720, with a major bullish trend line forming. If the price closes above $2,780, the pair could gain bullish momentum. Ethereum price consolidation begins The Ethereum price has been stable above the $2,650 level. ETH has…
Ether (ETH), the native token of the Ethereum network, has fallen by about 25% against Bitcoin (BTC) since early 2024, hitting its lowest level in 40 months. The outlook for Ether is expected to be bearish in the coming weeks, especially as the Federal Reserve (Fed) is expected to cut interest rates in September.ETH/BTC and USD correlation increases.A key factor in the bearish outlook for Ethereum is the growing positive correlation between ETH/BTC and the US Dollar Index (DXY), which has fallen 5.35% from its 2024 high.As of August 26, the 30-day average correlation between ETH/BTC and DXY was 0.78,…
While optimism about bitcoin has grown since Federal Reserve Chairman Jerome Powell’s Jackson Hole speech last Friday, analysts say derivatives data shows the market is still hesitant.“While the Bitcoin price rally following Fed Chair Jerome Powell’s speech was decisive, (implied volatility) is indicating hesitation in the market as front-end volatility is lower,” the QCP Capital analysts added, adding that Bitcoin is likely to continue trading within a narrow range of $62,000 to $67,000 in the short term.Federal Reserve’s Dovish Attitude at Jackson Hole SymposiumSince Federal Reserve Chairman Jerome Powell’s dovish stance at the Jackson Hole Symposium last Friday, QCP Capital…