NFT sales surge volumes across various platforms and blockchains, with Bitcoin-based digital collectibles leading the charge. Source: https://cointelegraph.com/news/mcdonalds-metaverse-south-korea-nfts-nifty-newsletter
Month: June 2024
BTC reclaims $69k, derivatives signal additional upside
Bitcoin futures and options markets indicate that the prevailing sentiment remains bullish. Source: https://cointelegraph.com/news/btc-reclaims-69k-derivatives-signal-additional-upside
Bitcoin, Ethereum Prices Dip as Fed Signals One Rate Cut Ahead in 2024
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports Cryptocurrency prices wavered Wednesday as investors parsed commentary from the Federal Reserve that provided new insight into the U.S. central bank’s fight against inflation. Policymakers’ move…
Bitcoin Miners Are Starting To Dump Their Coins
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports Bitcoin miners are starting to dump their coin reserves following almost two months of strained revenue in the aftermath of the network’s fourth ‘halving’ event. In…
Riot Criticizes Bitfarms’ Poison Pill Plan
Riot Platforms (NASDAQ:RIOT) criticized Bitfarms (NASDAQ:BITF) for adopting a poison pill strategy to prevent a takeover, calling the move “shareholder unfriendly” and highlighting Bitfarms’ weak corporate governance. Riot stated on Wednesday that it had privately urged Bitfarms to remove its chairman and interim CEO, Nicolas Bonta, and to appoint at least two independent directors to its board. This dispute follows…
FOMO HOUR 136 – FIRST MOTHER, NOW DADDY?
FOMO HOUR 136 – FIRST MOTHER, NOW DADDY? BTC ETFs see another $200m outflows. Another $190m of liquidations in volatility. $1.2bn BTC leaves exchanges in a day. ETF flows largely driven by basis trades: Pal. ‘Perfect setup’ for longs into macro news today. ETH ETF approvals ‘expected this month’. Crypto in best place it has ever been: Circle CEO. China’s…
Bitcoin Rises on Cooler Inflation and Rate Cut Hopes
Bitcoin and other cryptocurrencies rallied on Wednesday following U.S. inflation data that came in slightly below expectations, raising hopes that the Federal Reserve might start cutting interest rates later this year. The world’s largest cryptocurrency surged over 4% to above $69,500 shortly after the inflation report’s release. The Labor Department reported that the annual inflation rate decreased to 3.3% in…
U.S. CPI Flat, Bitcoin Hits $69.4K
The U.S. Consumer Price Index remained unchanged in May, outperforming economists’ expectations of a 0.1% rise and down from 0.3% in April. On a year-over-year basis, CPI increased by 3.3%, slightly lower than both the forecast and April’s reading of 3.4%. The core CPI, excluding food and energy costs, rose 0.2% in May, better than the anticipated 0.3% rise and…
Eigen Labs acquires Rio Restaking, opens LRT code
The Eigen Foundation is acquiring Rio Network’s intellectual rights and will open-source its liquid restaking token as a reference implementation in the EigenLayer ecosystem. Source: https://cointelegraph.com/news/eigen-labs-acquires-rio-restaking-opens-lrt-code
Ethereum NFT Card Battler ‘Parallel’ Launches on Epic Games Store
Parallel, an NFT-driven competitive card game built on Ethereum, launched Wednesday on the Epic Games Store, potentially reaching a far larger audience in the process. The Epic Games Store is a prominent PC gaming marketplace, and had 270 million users as of the end of 2023, including some 75 million monthly active users. Epic Games is the creator of free-to-play…