Bitcoin’s price took a steep tumble early this week, driving over $300 million in crypto market liquidations in a single day. Why the sudden volatility? Gayatri Choudhury, Quantitative Research Analyst at Bitwise, says there have been two key drivers of the selloff – and neither relates to the Bitcoin ETFs. Miners Are Dumping The analyst first noted on Tuesday that the activity of Bitcoin miners – a cohort “often overlooked” by market watchers. Since the fourth Bitcoin...
Read More »AI Tokens Surge Despite Nvidia’s $430 Billion Market Cap Loss
Nvidia’s stock has experienced a sharp decline over the past three consecutive trading days, resulting in a loss of over $430 billion in market capitalization and a 13% drop from its peak. Despite this downturn, popular AI crypto tokens have shown significant surges in the last 24 hours. AI Tokens Rally as NVDA Plunges Crypto traders closely monitor Nvidia as a key indicator for the AI cryptocurrency market. While there have been instances of parallel movement, such as during...
Read More »U.S. Congressman Pitches Bill To Allow Federal Tax Payment In Bitcoin
A popular Republican congressman introduced legislation that would require the United States Treasury to accept tax payments in bitcoin. Pay Taxes With Bitcoin The bill, authored by Rep. Matt Gaetz (R-Florida), would order the Treasury Secretary to “develop and implement a method to allow for the payment with bitcoin of any tax imposed on an individual.” The legislation marks the first official national-level efforts from a U.S. politician to bring bitcoin closer to being a...
Read More »Bybit is Now the Second-Largest Crypto Exchange: Kaiko
The Singapore-based cryptocurrency exchange Bybit has overtaken its rival, the U.S.-based Coinbase, to become the second-largest digital asset trading platform after Binance. According to a press release citing a report from crypto analytics platform Kaiko, Bybit’s market share has surged from 8% to 16% since October 2023, while Coinbase’s share increased by 1% over the same period. Due to the steady growth, Bybit surpassed Coinbase in March to become the second-largest...
Read More »GolfN Tees Up Play-to-Earn Golf Following $1.3M Pre-Seed Raise
[PRESS RELEASE – Chicago, United States, June 25th, 2024] GolfN is the first golf app to use the power of tokenization and digital collectibles to empower its members to earn rewards for playing and engaging with a physical sport. GolfN, Inc., today announced the closure of its $1.3 million Pre-Seed funding round. The round saw participation by prominent blockchain investors, including leading personalities and projects in the Solana ecosystem – CitizenX, Fourth Revolution...
Read More »NoToKYC: The Premier Destination for No KYC Casinos, Exchanges, and Exclusive Bonuses
Willemstad, 24 June – NoToKYC announces its emergence as the leading platform for discovering no KYC casinos, exchanges, and other sites. Dedicated to providing users with a seamless and secure online gaming and trading experience, NoToKYC offers comprehensive reviews, exclusive bonuses, and innovative tools designed to enhance users’ journeys in the no KYC landscape. Discover Top No KYC Casinos and Exchanges NoToKYC distinguishes itself as the best site to check for no KYC casinos,...
Read More »Ordinal Hive and Merlin Chain Join Forces to Revolutionize Ordinals Trading
[PRESS RELEASE – Los Angeles, California, June 25th, 2024] Ordinal Hive, a cutting-edge player in the Bitcoin ecosystem, has announced a groundbreaking partnership with Merlin Chain. This collaboration aims to create the first Ordinal trading protocol specifically designed for professional traders, addressing a significant gap in the current market landscape. The partnership between Ordinal Hive and Merlin Chain represents a major step forward in the evolution of...
Read More »Linux Foundation to Roll Out LF Decentralized Trust in a Move to Propel Blockchain Innovations
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Read More »Metaplanet Floats Offshore Entities to Double Down on Bitcoin
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Read More »Cega Unveils Innovative DeFi Shark Fin Products
[PRESS RELEASE – Singapore, Singapore, June 25th, 2024] Cega, a leader in DeFi structured investment products, is thrilled to announce the launch of its latest offering—Shark Fin vaults. Cega aims to address a gap in the market for conservative investors and DeFi lenders that want to outperform existing lending rates, while protecting their principal and maintaining a delta-neutral profile. The “Bull Shark” vaults deliver on both these objectives. In addition, Cega supports...
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