Based on recent data, Grayscale’s Ethereum Trust (ETHE) has returned to trading at a discount to its net asset value (NAV) after experiencing a premium briefly on July 3. Grayscale Ethereum Trust: From Premium to Discount in 2 Days The Grayscale fund known as the Ethereum Trust (ETHE) has returned to trading at a discount […] Source: https://news.bitcoin.com/grayscales-ethereum-trust-returns-to-discount-as-spot-ether-etf-listings-loom/
Month: July 2024
Solana has impacted Africa’s crypto market maturity — Exchange exec
Adopting any technology is based on the strength of its community, and Solana has proven that with its African community. Source: https://cointelegraph.com/news/solana-african-crypto-adoption-flincap-cmo?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Taiwan central bank says no rush for CBDC launch
The Central Bank of the Republic of China mentioned handling government tenders through special purpose tokens to improve operational efficiency using smart contracts for bids and performance bonds. Source: https://cointelegraph.com/news/taiwan-central-bank-cbdc-steady-progress?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin traders hope bottom is in after BTC price bounces 9% from lows
BTC price action takes a break from endless downside to revisit $58,500, but Bitcoin bulls struggle to hold higher ground. Source: https://cointelegraph.com/news/bitcoin-traders-bottom-is-in-btc-price-bounces?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Judge dismisses coders’ DMCA claims against Microsoft, OpenAI and GitHub
The partial dismissal indicates complainants failed to demonstrate that GitHub reproduces human-created code. Source: https://cointelegraph.com/news/judge-dismisses-coders-dmca-claims-microsoft-open-ai-artificial-intelligence-git-hub?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Federal Reserve’s Operating Losses Hit $176 Billion, Analysis Reveals
According to an investigative report by Pam Martens and Russ Martens the owners and operators of wallstreetonparade.com, the U.S. Federal Reserve has been consistently incurring operating losses since Sept. 28, 2022, totaling $176 billion by June 19, 2024. These losses stem from the Fed paying out higher interest rates on reserve balances—5.4%—primarily benefiting megabanks such […] Source: https://news.bitcoin.com/federal-reserves-operating-losses-hit-176-billion-analysis-reveals/
5 bullish arguments that Bitcoin price just bottomed at $53K
Bullish divergence on the price chart, September rate cut prospects and increasing M2 supply are some catalysts that could resume the Bitcoin bull market cycle. Source: https://cointelegraph.com/news/5-bullish-arguments-bitcoin-price-bottomed-53k?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Khamzat Chimaev ‘wasn’t involved’ with SMASH memecoin — Manager
The UFC fighter’s manager, Majdi Shammas, said his client did not make the decision to promote the coin and the deal only allowed for a single promotional video. Source: https://cointelegraph.com/news/khamzat-chimaev-wasnt-involved-smash-memecoin-manager?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
VC Founders Summit Takes Over Singapore: Shaping the Future of Innovation
PRESS RELEASE. [Singapore, 2024] – Venture capitalists and industry leaders are gearing up for the much-anticipated VC Founders Summit on September 21st, promising to elevate discussions, foster collaboration, and chart the future course of innovation and investment. Building on the momentum of past gatherings, the summit aims to bring founders of unique projects and investors […] Source: https://news.bitcoin.com/vc-founders-summit-takes-over-singapore-shaping-the-future-of-innovation/
Bitcoin recovery fizzles, but SOL, DOT, NEAR and KAS could rally
Buyers will need to keep Bitcoin above $53,500 to start a recovery in SOL, DOT, NEAR and KAS. Source: https://cointelegraph.com/news/bitcoin-recovery-fizzles-but-sol-dot-near-and-kas-could-rally?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound