SOL Breaks out, Stripe Acquires Bridge, GIGA hits $600M BTC briefly tops $70k as OI tops $40bn. SOL outperforms, DEX volume eclipses ETH + L2s. SOLETH has highest weekly close ever. Pension giant L&G look to test tokenisation. BTC hash rate hits ATH. Stripe acquires stablecoin company Bridge for $1.1bn. PumpFun hints at upcoming token. GOAT drops then rebounds as…
Month: October 2024
Bitcoin traders expect price pullbacks, but $73K remains the short-term target
Traders expect Bitcoin downside price action to continue but also agree that in the coming weeks, $73,000 could occur “fairly quickly.” Source: https://cointelegraph.com/news/bitcoin-analysts-price-73k-pullbacks-decline-possible?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
‘All Roads Lead to Inflation’ Says Billionaire Bitcoin Bull Paul Tudor Jones
Legendary investor Paul Tudor Jones is worried about the state of the U.S. economy and its mounting debt. His investing solution to hedge against inflation includes buying commodities—including Bitcoin. “I think all roads lead to inflation,” he said Tuesday on CNBC. “I’m long gold, I’m long Bitcoin. I think commodities are so ridiculously underowned—so I’m long commodities.” He added that…
How $4.2 Billion in Bitcoin Options Expiry Might Fuel Market Volatility
This week, the cryptocurrency market is bracing for potential short-term volatility as monthly bitcoin (BTC) and ether (ETH) options contracts worth $4.2 billion and $1 billion, respectively, are set to expire on Friday. Understanding the Impact of Expiring Options Options give holders the right, but not the obligation, to buy or sell an underlying asset at a specified price within…
Alleged Bitcoin Creator Peter Todd Goes into Hiding
In a shocking twist, Canadian developer Peter Todd has been thrust into the spotlight as the alleged creator of Bitcoin. A new HBO documentary, Money Electric: The Bitcoin Mystery, claimed that Todd is none other than the elusive Satoshi Nakamoto, which sent shockwaves through the cryptocurrency world. However, Todd denies these accusations, calling it a publicity stunt and retreating from the…
Bitget Partners With Solayer to Launch CEX-based Solana (SOL) Liquid Staking Services
Victoria, Seychelles, 22nd October 2024 – Bitget, the leading cryptocurrency exchange and Web3 company, has announced the launch of its Solana (SOL) liquid staking service, in partnership with Solayer, a leading restaking network on Solana. This service introduces BGSOL, a token that users receive in exchange for staking their SOL assets, providing them with increased […] Source: https://news.bitcoin.com/bitget-partners-with-solayer-to-launch-cex-based-solana-sol-liquid-staking-services/
Should You Play ‘Dookey Dash: Unclogged’? The Bored Ape Endless Runner With Big Prizes
Endless runner games are kind of hard to mess up at this point. Providing that your character is easy to control and the obstacles in their way never end, then they can offer up hours of entertainment—as exemplified by genre classics like Canabalt, Subway Surfers, and Jetpack Joyride. But with the formula essentially being perfected by many games over the…
BitFuFu boosts Bitcoin mining with first physical facility in Ethiopia
BitFuFu is no longer exclusively a cloud miner as it transitions to a more resilient portfolio. Source: https://cointelegraph.com/news/bitfufu-acquires-ethiopian-bitcoin-mining-facility?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Avalanche Unleashes a New Way to Spend Crypto: Meet the Avalanche Visa Card
Avalanche has launched the Avalanche Card, a loadable debit card that allows users to make purchases using their crypto assets where Visa is accepted. The card will initially be available to Latin American and Caribbean residents, excluding specific regions and countries. Avalanche Introduces New Crypto Visa Card for Latin America and the Caribbean The Avalanche […] Source: https://news.bitcoin.com/avalanche-unleashes-a-new-way-to-spend-crypto-meet-the-avalanche-visa-card/
Stripe $1.1 Billion Bridge Deal Validates Stablecoin Growth, Says Bernstein
The recently confirmed acquisition of stablecoin payment platform Bridge for $1.1 billion by U.S. payment processor Stripe validates the growing importance and legitimacy of stablecoins as a use case for public blockchains—particularly for global cross-border transactions, according to Bernstein. “Stablecoins have become systemically important, now the 18th largest holder of U.S. Treasury assets, alongside major sovereign holders,” Bernstein said in…