“If I don’t walk another 4,400 steps I’ll lose $333.” With a new app called Moonwalk, you get daily lessons in economics – and maybe healthier, too. Source
How to Make (or Lose) Hundreds of Dollars Betting Crypto on Your Fitness Goals
Month: February 2024
VanEck’s Bitcoin ETF sees 1,000% daily volume spike in fee cut anticipation
VanEck’s spot Bitcoin ETF jumped 14 times its daily average volume a day before the firm plans to implement a fee cut, reducing entry cost from 0.25% to 0.2%. According to Bloomberg’s Eric Balchunas, the VanEck Bitcoin Trust ETF (HODL) had over $258 million in trading volume on Feb. 20 from 32,000 individual traders. Balchunas noted that VanEck’s volume and traders were much higher than the average numbers of the firm’s new exchange-traded fund. I’ve never seen a grassroots trading explosion come out of nowhere like this. Eric Balchunas on…
Bitcoin (BTC) is the Exit Strategy: MicroStrategy’s (MSTR) Michael Saylor
Bitcoin’s value, currently just over a trillion dollars, is competing with asset classes such as gold, real estate or even the S&P index – all of which have market capitalizations many multiples higher than bitcoin, said Saylor. And bitcoin, argued Saylor, is superior to all of them. Source
Bitcoin Whales Steer Clear Of Significant Short Positions, Show Confidence In Price Surge
Bitcoin traders are exhibiting cautious optimism as they refrain from “substantial short positions,” expecting continued price surges, according to analysts from Bitfinex this week’s Alpha report. Despite Bitcoin’s notable surge that brought the asset to trade as high as above $52,000 for the first time since 2021, analysts note a decrease in the short-squeeze ratio compared to previous years. The reason behind this declining short-squeeze ratio is revealed in the report. BTC Short Squeeze Ratio vs price. | Source: Bitfinex Alpha report Whales Shun Short Positions Amid Bullish Sentiment Analysts…
Avalanche (AVAX) Price Underperforms Ahead of $365M Supply Event
AVAX dipped more than 3% over the past week, while most cryptocurrencies – 148 of the 173 constituents of the broad-market CoinDesk Market Index (CMI) – gained in price. The CoinDesk20 Index (CD20), which tracks the performance of the largest and most liquid crypto assets, advanced 6% during the same period. At press time, AVAX changed hands at $38, some 23% lower than its December high. Source
The Crypto Vibe Shift
Increasingly governments, including in the U.S., appear to want to work with the industry to develop policies that protect consumers without hampering the development of crypto. The European Union passed the significant MiCA ruleset while the U.K., Hong Kong, Nigeria, and others are all vying to become crypto “hubs.” Source
CME Group to Launch Micro Euro-Denominated Bitcoin and Ether Futures Amid Rising Demand
On Tuesday, CME Group unveiled plans to introduce micro euro-denominated bitcoin and ether futures, set to debut on March 18, contingent on regulatory green lights. These euro-based offerings will mirror their U.S. dollar-based equivalents, each representing one-tenth of the respective cryptocurrency’s value. CME Group Announces Micro Euro-Denominated Bitcoin and Ether Futures Launch Following the 2021 […] Original
Best crypto to mine with ASICs in 2024
Which are the best cryptos for mining with ASICs in 2024, and how much can miners expect to earn? The global crypto mining market, which reached nearly $2.93 billion in 2023, is projected to grow at a compound annual growth rate (CAGR) of 12.2% and reach $8.26 billion by 2032. A 2023 report by the Energy Information Administration (EIA) highlighted that crypto miners used as much electricity as the entire country of Australia, accounting for about 1 percent of global electricity demand. In the U.S. alone, crypto mining operations were…
Crypto Analyst Predicts 10X Move For Filecoin (FIL) To $70, But Can It Reach ATH?
Over the last day, Filecoin (FIL) has seemingly emerged from the shadows to stage a price recovery of over 10%. This notable move has brought more attention to the altcoin, which had previously failed to follow the general crypto market recovery. On the back of this, one crypto analyst predicts big things for the altcoin, expecting a 1,000% increase in its price. Filecoin Will See A 10X Rise To $70 In the analysis that was shared on X (formerly Twitter), crypto analyst “Tony The Bull” told his almost 20,000 followers…
Government Prosecutors Urge Judge To Accept Plea Deal for Crypto Exchange Binance: Report
US government prosecutors are reportedly urging a federal judge to accept crypto exchange Binance’s plea deal. In November 2023, the top global crypto exchange was hit with a $4.3 billion fine by the U.S. Department of Justice (DOJ) to settle a multi-year investigation. Changpeng Zhao, Binance’s controversial chief executive, said he would plead guilty to violating US anti-money laundering laws and step down as CEO. A sentencing memo filed to a federal court in Seattle last week indicates that prosecutors want the case’s judge to accept the plea deal, according to…