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Digital asset investment products faced significant outflows, primarily from the US, amid interest rate cut uncertainty, while Europe showed resilience. (Read More)
The company has also partnered with Shopify to enable physical merchandise sales from directly within Roblox experiences.
Explore the journey of GIFs from simple files to dynamic art forms and their impact on online culture over the past 37 years. (Read More)
Exploring the future of Ethereum with a focus on governance, DAOs, and digital identity use cases. (Read More)
Marathon Digital Holdings reports an 11% increase in hash rate and 2% decrease in blocks won for August 2024, highlighting operational improvements and future goals. (Read More)
Cardano and Hedera join the Decentralized Recovery Alliance alongside Ripple and Algorand to shape the future of crypto security standards.
Californias Senate passed Assembly Bill 1836, prohibiting unauthorized AI-generated replicas of deceased personalities without prior consent to protect performers rights and likenesses.
Gen Digitals Siggi Stefnisson warned users that scammers are adept at using what is already on their targets minds, including love, financial security and elections.
The new custody service will be just the latest in the bank's new digital asset and AI activities.
Taiwans FSC opens investment channels for professional investors, allowing access to high-risk foreign digital asset ETFs while maintaining a cautious stance on market risks.
Cypherpunk Jameson Lopp is making sure there are viable custody solutions that prioritize the user.
NFT transactions dropped 32% from 7.3 million in August to 4.9 million in September.
Taiwans FSC opens investment channels for professional investors, allowing access to high-risk foreign digital asset ETFs while maintaining a cautious stance on market risks.
Digital assets r xprincing sustind intrst, supportd by xpcttions of dovish montry policy. According to rport by CoinShrs, this mrks th third conscutiv wk of inflows, with this wk’s totl mounting to n imprssiv $1.2 billion. This trnd highlights rsurgnc of invstor confidnc in th digitl sst mrkt. Mrkt xpcttions of […]
Stacks struggles to stand on level ground as it continues to fall despite the markets attempt to rebound in the short term. According to CoinGecko, STX bled 15% since last week with the token attempting to reverse the downward momentum with a nearly 4% uptick in the past 24 hours. Related Reading: SUI Crashes 23% As September Unleashes Market PanicIs A Comeback Possible? Stacks has been teasing the community, creating hype for the upcoming Nakamoto Upgrade with their 21 Days of Nakamoto event. The event, which commenced back on the 28th of August, started September with a whole suite of surprises for investors and community members. NFTs And Financial Grants Back On The Menu For Stacks On a recent X post, Megapont was revealed to be Stackss September 3 surprise for the celebration of the upcoming mainnet release of the Nakamoto upgrade. Megapont is an NFT project, launched and operates primarily on the Stacks blockchain. Lets celebrate a mega upgrade for Stacks! And who better to celebrate with than something truly mega… Welcome back, @MegapontNFT! Orange List: https://t.co/fOeckrNRVH pic.twitter.com/Z46xH5g1QL stacks.btc (@Stacks) September 2, 2024 The project released Nakapack, a 5,000-strong NFT collection to be given out to the Stacks community. Users on the platform can mint the NFTs without a fee, but they need to be whitelisted for this to happen. Despite 95% of circulated NFTs now being deemed worthless by a recent report, Megaponts dedication to its community might spark interest in NFTs within the Bitcoin L2 ecosystem. STXCUSD trading at $1.51 on the 24-hour chart: TradingView.com Another development that will support Stacks in the long term is the second cohort of grants for community-voted programs on-chain. On the thread, seven programs were featured each granted $50,000 to aid their development process. In total, over 31 programs have been given financial assistance. $1.3-$1.6 Chokes STXs Upside Potential As of writing, STX is held tightly by the $1.3-$1.6 trading range, hampering the tokens upside potential shortly. This leaves the bulls in an interesting position which has the opportunity to break through the $1.7 price ceiling. STXs relative strength index (RSI) suggests that the token will attempt to stabilize in its current trading range which gives the bulls a much-needed platform to jump out from. However, its relatively stable level reveals that the bears still have some strength, enough to cancel the bullish momentum thats currently forming. Related Reading: Ripple Unleashes 1 Billion XRP: Could This Trigger A Price Tsunami? In the short term, the bears will have the upper hand unless the market makes another leap forward, creating enough momentum for STX to have a breakthrough. However, the meager gains the broader market experienced have little to no effect on STXs future performance. Fear, uncertainty, and doubt still plagues market sentiment for the token. For now, investors and traders should exercise caution while monitoring the broader markets movement before making a decision. STXs significant correlation with BTC is both a boon and a curse for investors as any swing made by the latter will have a strong influence on the performance of the former. Featured image from Host Merchant Services, chart from TradingView
Lou Jiwei stressed that China must assess cryptocurrency developments, particularly as the US shifts policy on Bitcoin ETFs.
The event is the 2024 Tsinghua PBC Chief Economist Forum, held in Beijing, on September 28th and drew massive focus on the changing role of cryptocurrency within the financial system. The event featured a speech by Zhu Guangyao, previously the vice minister of chinas Ministry of Finance, in which he encouraged the participants, as well […]
Cantor Fitzgerald CEO Howard Lutnick advocates for Bitcoin to be classified as a commodity, citing its similarities to gold and oil.
Bitcoin (BTC) looks poised to record its best September in a decade, surging past $65,000. This uncharacteristic price appreciation could be attributed to several key factors. Reasons Behind Bitcoins Impressive September Gains Historically, September has consistently been the worst month for BTC in terms of price performance. However, the apex cryptocurrency is now on track to post its best September in at least a decade, driven by several macroeconomic developments. Related Reading: Bitcoin Could Top At $400,000 Based On This Model, Analyst Says On September 18, the US Federal Reserve (Fed) initiated its interest rate cut cycle for the first time in four years, slashing rates by 50 basis points (bps) in response to slowing inflation and rising unemployment. The rate cut immediately impacted risk-on assets, including BTC, which has appreciated by over 10% since the cut. In comparison, Bitcoins average price decline in September over the past decade has been 3.45%, according to the chart below from CoinGlass. According to the Fed’s decision, the European Central Bank (ECB) and the Peoples Bank of China (PBoC) lowered borrowing costs to stimulate their respective economies. This further propelled BTCs price towards its previous highs. Bitcoin halving is another key factor that could now be starting to show its effect on the digital assets price action. Bitcoin underwent its halving earlier this year in April, reducing block confirmation rewards for miners from 6.25 BTC to 3.125 BTC. Past data indicates that halving has typically been a bullish trigger for Bitcoin due to the resulting supply scarcity. For instance, in May 2020, BTC price rose from roughly $8,900 before the halving to more than $64,000 by April 2021 – an 8x price surge in less than a year. Meanwhile, US spot Bitcoin exchange-traded funds (ETFs) continue to witness rising interest from retail and institutional investors alike, as they recorded $365.57 million in total net daily inflows on September 26, the largest since late July. Since their launch, the cumulative net inflow for Bitcoin ETFs now totals $18.31 billion. Cautious Optimism Key To Riding The BTC Wave While BTC appears to have shaken off its typical September slump, its worth highlighting that the leading digital asset still needs to overcome certain important price levels before hitting a new all-time-high (ATH). Related Reading: Here Is Why The Bitcoin Bull Run Hasnt Started, According To Analyst As previously reported, Bitcoins relative strength index (RSI) fell below 80 on the monthly chart, signaling that the cryptocurrencys bullish momentum might fade after an enthusiastic buying spree. In addition, a recent report by crypto exchange Bitfinex noted that despite Bitcoins recent upward movement, it must decisively overcome a strong resistance level of $65,200 to continue its positive momentum. The good news for bulls is that BTC is holding steady at $65,674, up 2% in the last 24 hours. Featured image from Unsplash, Charts from CoinGlass.com and Tradingview.com
Celestia tokens worth $1.1 billion will be unlocked on Oct. 31, while $300 million in Cheelee tokens will be released on Oct. 10.
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