Stacks smart contracts reach record high ahead of Nakamoto upgrade

Stacks hit a record of over 1,400 monthly smart contract deployments ahead of the Nakamoto upgrade, which is set to revolutionize Bitcoin DeFi and scalability.

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Crypto market enters extreme fear as analysts warn of Bitcoin below $50K

Market analyst concerns over a correction below $50,000 are mounting, as crypto market sentiment returns to early August lows.

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Bitcoin Break Free, Decouples From Stocks

Bitcoins price historically has been closely linked with the stock market specifically during periods of market uncertainty. This correlation is attributed to various factors, including investor sentiment, risk appetite, and the overall health of the global economy. Despite the recent market downturn, BTC demonstrated resilience on September 3rd, 2024, as the S&P 500 posted its third-worst performance […]

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Exploring the TokenTimeLock Contract on BitTorrent Chain (BTTC)

Discover the TokenTimeLock contract on BTTC, a smart contract enabling secure, time-based token management for various blockchain applications. (Read More)

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SFC Imposes Lifetime Ban on Charles Lam Chung Yiu

The Securities and Futures Commission has issued a lifetime ban on Charles Lam Chung Yiu for misconduct. (Read More)

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Crypto Fear & Greed Index jumps back into greed territory

Most of August was spent in Fear on the Crypto Fear & Greed Index, with sentiment hitting a yearly low of 17 on Aug. 6.

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Clarifying Misconceptions About Arbitrum's Timeboost Proposal

Addressing common misconceptions about Timeboost, a new transaction ordering policy proposed for Arbitrum chains, and clarifying its impact on MEV and transaction ordering. (Read More)

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NVIDIA GH200 NVL32: Revolutionizing Time-to-First-Token Performance with NVLink Switch

NVIDIA's GH200 NVL32 system shows significant improvements in time-to-first-token performance for large language models, enhancing real-time AI applications. (Read More)

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Bitcoins 'Coinbase premium' returns as BTC price heads for best September ever

Bitcoin is up 22% in the last three weeks as demand from U.S. investors gradually increased, pushing prices above pre-August crash levels. 

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Bitcoin bulls are laying the path to $66K, but will they make it?

Bullish Bitcoin traders are making progress by attempting to retake the 200-day moving average, but a close above $66,000 could kickstart a rally to BTCs all-time high.

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BitMEX Announces Scheduled Downtime for Options Trading on September 24

BitMEX will undergo a scheduled downtime for options trading on September 24, 2024, from 04:00 to 04:30 UTC, impacting deposits and trades. (Read More)

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Polkadot Stalls Below $4.5 Even After Agile Coretime Launch: Whats Going On?

Polkadot (DOT) needs help at spot rates. When writing, DOT is still trading below $4.5 despite the broader recovery. Bitcoin and Ethereum, for example, are trading above local resistances now support, at around $60,000 and $2,400, respectively. DOT Struggling, Bulls Capped Below $4.5 A look at the DOT price action in the daily chart reveals that the coin is trending inside the September 14 to 18 bear range. Even though there were gains on September 18, which has since acted as the base for the current swing high, bulls are not capitalizing on the momentum. Related Reading: SUI Eyes Potential Pullback As RSI Flashes Warning: $1.4 Retest In Sight The immediate liquidation level, marking September 15 highs, is $4.5. If broken, it could trigger a wave of demand that may be the building blocks for more gains, extending the current 18% rally from September lows. Interestingly, DOT bulls are slow to tap into the improving crypto sentiment and break this resistance level. This underwhelming performance also comes even after the introduction of Agile Coretime. According to Polkadot developers, this feature is a crucial component of the next network phase, Polkadot 2.0. Agile Coretime Out As Developers Prepares For Polkadot 2.0   The Agile Coretime rollout, released last week, introduces multiple features that will benefit developers and protocols launched on the platform. Top of the list, developers said Agile Coretime introduces even more flexibility. This is because the feature permits projects to access network resources as needed. They won’t have to be locked into a fixed slot like before. Additionally, Agile Coretime seeks to push scalability higher. To do this, the feature enables adaptable core allocation. Subsequently, higher network efficiency allows the platform to support even more diverse applications. Agile Coretime sets the ball rolling for the eventual activation of Polkadot 2.0. This upgrade sets the stage for overhauling the current resource allocation model, making it more market-driven. Related Reading: Fed Rate Cuts Spurs $1.6 Billion Bitcoin Buying Spree Among Whales, Can BTC Reach $70,000? Moreover, developers will be looking to introduce Asynchronous Backing, which seeks to separate the Relay Chain, which is core to Polkadot and Parachains. The idea is to improve efficiency and drive scalability. Though developers are lining up major developments, DOT is lagging and trending near 2024 lows. DOT’s performance will largely depend on the general market sentiment and Bitcoin or Ethereum’s performance. DOT will likely benefit if these coins break their respective all-time highs in the coming weeks. Feature image from iStock, chart from TradingView

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Bitcoin Whales Take Profit After Latest Price Jump Heres How Much They Sold

The latest on-chain data shows that a particular class of Bitcoin investors has been selling for profit in the wake of the recent price rally. The question here is how much did they sell and how much impact could it have on the Bitcoin price trajectory? Bitcoin Whales Dump 30,000 BTC In Four Days Impact On Price? In a new post on the X platform, prominent crypto pundit Ali Martinez revealed that Bitcoin whales have been increasingly active in the market in the days following BTC’s return to above $63,000. This on-chain observation is based on the drop in the total holdings of whales with balances between 1,000 and 10,000 BTC. Related Reading: Crypto Whales Buy $228 Million In XRP Following $5 Price Prediction According to data from Santiment, this cohort of Bitcoin whales has offloaded more than 30,000 BTC (worth around $1.86 billion) in the past 96 hours. Interestingly, this level of whale activity came after the premier cryptocurrency witnessed a price upswing triggered by the interest rate cut by the US Federal Reserve. Whales which typically refer to individuals or entities holding significant amounts of a particular cryptocurrency are perceived to hold considerable influence over the market due to the size of their holdings. Hence, their buying or selling activities can precipitate abrupt price swings in the short term. The Bitcoin market has been under a considerable amount of bearish pressure so far in September, falling to as low as $53,000 at some point. The Fed rate cut seemed like the perfect catalyst to turn things around and spark a fresh bullish momentum. However, profit-taking observed amongst the large investors could stall this recovery. When whales sell off their assets, it often causes other investors to tread the market with caution, as they wonder what the large holders know. This can lead to heightened selling pressure or a momentary price pullback.  BTC Price At A Glance  Nevertheless, it is worth mentioning that the Bitcoin price has made significant movement in the past few days. As of this writing, the flagship cryptocurrency is valued at $63,131, reflecting a mere 0.1% decline in the past day. According to data from CoinGecko, the value of BTC has increased by more than 5% in the past week. The market leader seems to be performing even better on broader timeframes. Related Reading: Over 150,000 ETH Moved To Exchanges In The Last 24 Hours: Whats Next For Ethereum? For instance, the Bitcoin price performance this month has been nothing short of surprising, as September is historically a bearish period for the premier cryptocurrency. BTC is up by more than 6.8% this month, its highest-ever average return in September. Featured image created with Dall.E, chart from TradingView

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Bitcoin Hype Remains Low Even After $63,000 Surge: Green Sign For Rally?

Data shows the social media users have yet to show excessive hype around the latest Bitcoin rally, a sign that could be positive for its sustainability. Bitcoin Sentiment Ratio Has Spiked, But Value Still Not Too High According to data from the analytics firm Santiment, Bitcoin Fear Of Missing Out (FOMO) has remained low through the latest rally. The indicator of relevance here is the “Positive Sentiment vs. Negative Sentiment Ratio,” which, as its name suggests, measures the ratio between the positive and negative comments around BTC being made on the major social media platforms. Related Reading: These Altcoins Are Seeing High Whale Interest After Fed Rate Cut To separate the posts/threads/messages on these platforms between positive and negative, Santiment’s indicator uses a machine-learning model. When the value of this metric is greater than 1, it means the social media users are making more posts expressing a positive sentiment than a negative one. On the other hand, it being under 1 suggests bearish messages are the norm on these platforms. Now, here is a chart that shows the trend in the Bitcoin Positive Sentiment vs. Negative Sentiment Ratio over the last few months: As the above graph shows, this Bitcoin indicator has observed an uplift alongside the latest recovery run in the cryptocurrency’s price. This rally has come as the US Federal Reserve has announced an interest rate cut. The indicator is currently decently above the neutral mark, meaning that positive posts notably outweigh the negative ones. Historically, the asset has tended to move in a direction opposite to what the crowd is expecting, with the probability of the contrary move going up the stronger this expectation becomes. A very bullish market can be a warning sign for the BTC price. Despite the recent surge in sentiment, FOMO is not yet at a level where it would be a problem. The chart shows that the previous spikes in the indicator that occurred around the tops for Bitcoin were of a significantly large scale. The last few months have also seen the indicator generally maintain a positive level, so the metric’s current value isn’t even that out of place when compared to the norm. “Markets can roll until we see a bullish sentiment spike similar to what we saw during the April 19th and May 21st tops,” notes the analytics firm. If FOMO does end up spiking to high levels in the coming days, BTC could encounter another top. Related Reading: Crypto Shorts Suffer $147 Million Squeeze As Bitcoin Returns Above $63,000 When that happens, another foray into the negative sentiment zone could be to wait since, as highlighted in the graph, the last two such instances proved to be profitable buying points into Bitcoin. BTC Price Bitcoin has enjoyed a surge of almost 6% over the past week, bringing its price back to the $63,200 mark. Featured image from Dall-E, Santiment.net, chart from TradingView.com

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Bank of Canada just says no to retail CBDC in reshuffling of priorities

Regulating and speeding up payments without a CBDC are more important to the Canadian central bank.

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Bank of Canada says no to retail CBDC in reshuffling of priorities

Regulating and speeding up payments without a CBDC are more important to the Canadian central bank.

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NVIDIA Maxine and Texel: Pioneering Scalable AI Innovations in Real-Time Video and Audio

NVIDIA Maxine's AI developer platform, in collaboration with Texel, offers scalable and advanced real-time video and audio enhancements. (Read More)

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On-Chain Data Suggests Bitcoin Price Trend Reversal Is Yet To Occur Whats Happening?

The price of Bitcoin (BTC) ended the week on a good note after making a late rally on Friday, September 13. This recent price upswing has led to talks about the Bitcoin price making a comeback following a horrendous start to September. Interestingly, the latest on-chain data suggests that the ongoing price recovery might not [...]

The post On-Chain Data Suggests Bitcoin Price Trend Reversal Is Yet To Occur Whats Happening? appeared first on Crypto Breaking News.

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Todays Cryptocurrency Sentiment

As Bitcoin continues to consolidate around the $60k markwe might see a movement into the mid 60s, or a retracement back towards mid 50s. Since Bitcoin is back up to $60k, I decided to run my crypto sentiment analysis bot and see how the market feels today, and determine whether there is any strong correlation […]

The post Today’s Cryptocurrency Sentiment appeared first on cryptomaton.

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Bitcoin Sentiment Spikes After Mild Price Jump: Crowd Too Excited Too Quickly?

Data shows that the positive sentiment around Bitcoin has spiked on social media after BTC’s return above $58,000, implying investors may feel FOMO. Bitcoin Positive Vs. Negative Sentiment Ratio Has Spiked Recently According to data from the analytics firm Santiment, the crowd has recently shown a sudden burst of optimism around Bitcoin. The indicator of [...]

The post Bitcoin Sentiment Spikes After Mild Price Jump: Crowd Too Excited Too Quickly? appeared first on Crypto Breaking News.

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