The US spot Bitcoin ETFs, including GBTC, started off June on a high note despite hints of waning hype. In the first week alone, these ETFs collectively purchased 25,729 BTC, showing a strong interest from investors. This marked a significant increase compared to the previous months, with data showing that in January, these ETFs acquired
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The Arbitrum Foundation, known for its Ethereum Layer 2 scaling solution, has recently announced a significant investment in the gaming sector within its ecosystem. This initiative, known as the Gaming Catalyst Program (GCP), aims to foster growth and innovation by promoting the use of Arbitrum, Orbit, and Stylus among game developers and players. Approval and
The recent spike in the price of Ethereum (ETH) has brought the cryptocurrency close to the $4,000 mark, sparking renewed market enthusiasm. This surge can be attributed to the US Securities and Exchange Commission’s (SEC) approval of Ethereum ETF applications by major asset managers. According to a report by CoinShares, digital asset investment products have
Bitcoin experienced a lackluster weekend in terms of price action, with a brief uptick towards $70,000 that was short-lived. The momentum was quickly halted, and the cryptocurrency retreated to familiar territory. Similarly, most altcoins have also shown little movement, with only a few exceptions such as BNB, NEAR, FIL, and FET, which have experienced significant
Christian’s path into the world of journalism began long before the rise of cryptocurrencies. His love for storytelling was nurtured during his time as a feature writer for his college paper. This early experience set the stage for a successful career as an editor at a data engineering firm, where his writing skills earned him
As the cryptocurrency market gears up for the upcoming Federal Reserve rate decision on June 12, analysts are drawing parallels to previous market cycles. The situation in June 2019 saw altcoin and Bitcoin pairs capitulating just before a rate cut by the Federal Reserve. Fast forward to the current market scenario, and the chart patterns
Decentralized gaming is taking a new turn with the release of Overworld Arena, showcasing the power of blockchain technology to revolutionize the gaming industry. With a focus on accessibility, involvement, and real-world rewards, Xterio has introduced a mini-game that is set to change the way players engage with decentralized gaming platforms. Overworld Arena offers a
Recent analysis by 10x Research CEO Markus Thielen suggests that Bitcoin is on the verge of making a new all-time high, potentially rallying towards $83,000 in the near future. Despite hitting resistance and a slight retreat to just over $69,000, Thielen remains bullish on the cryptocurrency. The “head and shoulders” chart pattern he observed indicates
Core Scientific, a leading company in North America’s digital infrastructure industry, has recently announced a strategic partnership with CoreWeave, an AI Hyperscaler, through a series of long-term contracts spanning over 12 years. This partnership signifies a major milestone for Core Scientific as it expands into the AI data center space while continuing to dominate in
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has recently experienced a significant price movement below the 4-hour Simple Moving Average (SMA). This development holds significance for traders and investors alike, as it can provide insights into short-term market sentiment and momentum. Beyond technical analysis, factors such as broader market conditions, investor behavior, and fundamental