Shares are a bargain after second-quarter earnings sent the stock down roughly 16%, says Benchmark analyst Mark Palmer. Source: https://cointelegraph.com/news/galaxy-digital-stock-pullback-buying-opportunity-analyst?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: August 2024
Elon Musk accepts challenge to fight president of Venezuela
After ducking Mark Zuckerberg, Musk has now agreed to fight 61-year-old Nicolas Maduro on live TV. Source: https://cointelegraph.com/news/elon-musk-accepts-challenge-fight-president-venezuela-nicolas-maduro-mark-zuckerberg?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin Sinks Further as $310 Million in Longs Get Rekt
How quickly things can change in the crypto space: On Monday, Bitcoin was closing in on its all-time high again after having touched—briefly—$70,000 per coin. But now the asset is trading well below its 2021 record of $69,044—and futures traders are getting ruined. Over the past 24 hours, as Bitcoin has dropped nearly 6% to $62,753, over $316 million in…
Republican supported by crypto Super PAC loses Arizona primary
Defend American Jobs used roughly $600,000 in a media buy for Republican Blake Masters, just one of three Arizona candidates crypto PACs supported in 2024. Source: https://cointelegraph.com/news/arizona-republican-blake-masters-crypto-super-pac-primary?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Cathie Wood’s ARK Invest Sells More Coinbase Stock as Crypto Markets Nosedive
Cathie Wood’s asset management firm ARK Invest has again sold some of its Coinbase stock (NASDAQ: COIN), offloading over 12,000 shares worth $2.7 million just as the crypto market takes a plunge. A Wednesday filing showed that the firm—which invests heavily in emerging tech—sold the shares from its Next Generation Internet exchange-traded fund (ARKW). The fund focuses on companies working…
How long will Bitcoin’s price consolidation last?
Bitcoin price drops to new lows, but analysts expect BTC’s consolidation to end within a month. Source: https://cointelegraph.com/news/how-long-will-the-bitcoin-consolidation-last?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Celestia on pace to surpass Ethereum in data storage — Research
Celestia has been steadily winning market share in data storage from Ethereum since May. Source: https://cointelegraph.com/news/celestia-pace-surpass-ethereum-data-storage-research?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Kamala Harris Presidential Odds Hit Record High on Polymarket
Presumptive Democratic nominee Kamala Harris’ election odds have hit a new all-time high on crypto prediction market Polymarket on Thursday, as the incumbent vice president’s campaign ramps up. A Polymarket betting pool with more than $472 million wagered shows Harris’ odds of winning the presidential election are 45%, up roughly 6% in the past 24 hours. During the same time…
FOMO HOUR 170 – BITCOIN FALLS BELOW 65K
FOMO HOUR 170 – BITCOIN FALLS BELOW 65K BTC ETFs: +0m, ETH ETFs: -$77m. Crypto falls after Fed, Trump speech & Iran threats. Mt. Gox still has $2.1bn BTC after distributions. Lummis introduces bill to buy 1m BTC. Large BTC holders bought $5.4bn in July. Tether makes $1.3bn profit in Q2. DeFi loans hit 2022 levels. Base sees 80% of…
CleanSpark's mining expansion continues with Wyoming facilities
The US miner is now the second-largest by market cap, after flipping Riot Platforms. Source: https://cointelegraph.com/news/cleanspark-expands-bitcoin-mining-operations-wyoming-tennessee?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound