Abstract, the consumer-focused Ethereum layer-2 network from Pudgy Penguins parent company Igloo Inc, is now live with Monday’s launch of its mainnet. The company raised $11 million in June 2024 with the goal of bringing billions of new users on-chain and becoming the leading blockchain for consumer crypto products and apps. “For too long, the industry has prioritized technology over…
Large bitcoin investors are entering a renewed phase of accumulation as political developments reshape market conditions, with onchain insights from Cryptoquant and its researchers shedding light on faltering demand amidst shifting dynamics. Report: Large Bitcoin Investors Drive Market Shift as Demand Weakens According to Cryptoquant’s analysis, significant investors have been steadily increasing their bitcoin (BTC) […] Source: https://news.bitcoin.com/bitcoin-reaccumulation-gains-traction-among-large-investors-says-cryptoquant/
Lobby Finance — a decentralized organization priding itself on “binging lobbyism to DAO governance” — just became the top Arbitrum (ARB) delegate. In what Arbitrum delegate Paulo Fonseca described on X, formerly Twitter, as “the biggest governance move to date,” Lobby Finance suddenly became the top delegate in Arbitrum’s decentralized autonomous organization (DAO). With a single on-chain transaction, Lobby Finance…
Wall Street Pepe (WEPE) is on everyone’s radar after crossing the $60 million mark in its presale. This Ethereum-based meme project, geared towards providing advanced trading tools for everyday investors, has generated huge interest ahead of its official launch. And with only 20 days left until WEPE’s exchange debut, early investors hope it can live […] Source: https://news.bitcoin.com/wall-street-pepe-hits-61m-milestone-as-presale-is-close-to-selling-out/
The price of Bitcoin dipped below $98,000 Monday after DeepSeek, a Chinese artificial intelligence startup, threw a wrench into Wall Street’s favorite narrative. Introducing an open-source AI model called DeepSeek R1, the startup’s researchers claim that the model can outmatch OpenAI’s most advanced reasoning systems—at a fraction of the cost. Using a novel learning method, running queries with DeepSeek R1…
The US dollar dominates the stablecoin industry, but that can soon change, according to former Binance.US CEO and 1Money founder Brian Shroder. Source: https://cointelegraph.com/news/multicurrency-future-stablecoins-binanceus-exec-1money?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
New York’s Metropolitan Museum of Art is using Web3 gaming and NFT rewards to encourage visitors to explore the world of art history. The new game, called Art Links, invites players to identify common threads and connections between more than 140 works of art from The Met’s collection, with new challenges to be released weekly. It is built on Coinbase’s…
Bitcoin exchange-traded funds (ETFs) maintained a fourth week of consecutive net inflows with $1.76 billion flowing into the 12 U.S. spot bitcoin ETFs. Bitcoin ETFs Rack in Over a Billion Dollars in Weekly Net Inflow U.S. spot bitcoin ETFs closed the week of Jan. 21 to Jan. 24 on a high, with a combined weekly […] Source: https://news.bitcoin.com/green-week-for-bitcoin-etfs-with-1-76-billion-net-inflow/
The company acquired another $1.1 billion worth of Bitcoin last week, increasing its digital asset holdings to 471,107 BTC. Source: https://cointelegraph.com/news/microstrategy-share-offering-bitcoin-purchases?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
As news of China’s Deepseek circulated over the weekend, bitcoin slipped below $100,000 just a week into Trump’s presidency. Strategic Bitcoin Reserve Needed For Bitcoin Pump QCP Group’s market insights reflected on bitcoin (BTC) dipping below $100,000 with other risk assets also declining, as concerns over China’s Deepseek technology rippled through global markets. Deepseek, a […] Source: https://news.bitcoin.com/qcp-insights-bitcoin-not-likely-to-break-above-110000-without-strategic-bitcoin-reserve/
