Day: May 29, 2024

Cathie Wood at Consensus 2024: Bitcoin is ‘unstoppable’

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Speaking at Consensus 2024, Cathie Wood chimed in on her crypto preferences, indicating a partiality to Bitcoin.  During a panel discussion at Consensus 2024, Cathie Wood, CEO of ARK Invest, made her stance clear, expressing strong support for Bitcoin (BTC) over all other coins. “It is a big idea and unstoppable,” Wood said of Bitcoin, “There’s no throat to choke. When Facebook launched Libra, there was a throat to choke, but there’s no such vulnerability with Bitcoin.” Wood argued that no other crypto comes close to Bitcoin’s potential and significance.…

Iggy Azalea Joins Celebrity Token Frenzy

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For the past week, a controversial celebrity token trend has emerged. Mainstream media figures began launching Solana-based memecoins and seemingly showing interest in cryptocurrencies. Related Reading The latest star to join the celebrity token frenzy is Australian rapper Iggy Azalea, who saw a controversial launch similar to Caitlyn Jenner’s JENNER token. Who Is Solana? On Monday, Azalea surprised the crypto community by showing interest in cryptocurrencies. The rapper and model posted on X asking, “Who is Solana? I don’t know that bitch.” The post has gathered over 1.8 million views…

Liquid Staking Derivatives See 110,000 ETH Inflow Over 12 Days

While liquid staking protocols experienced a brief period of withdrawals, the past 12 days have seen liquid staking derivatives (LSDs) platforms gain 110,000 ether valued at $417.59 million. Swell Experiences Decline as Lido and Others See ETH Increases In the realm of decentralized finance (defi), liquid staking derivatives (LSDs) have finally recorded positive deposits after […] Source CryptoX Portal

Spot Bitcoin ETFs Issuers Buy Up 5% Of BTC Supply, $100 Million To Flow Into ETFSwap (ETFS) Presale – Blockchain News, Opinion, TV and Jobs

Spot Bitcoin ETFs issuers have bought up almost 5% of BTC total supply; ETFSwap is projected to witness $100 million in inflows during its presale. In a remarkable development for the cryptocurrency industry, Spot Bitcoin ETFs issuers now hold about 5% of the Bitcoin (BTC) total supply. This substantial accumulation has driven significant inflows into the ongoing presale of prominent cryptocurrency ETF trading platform, ETFSwap (ETFS), which is set to receive an influx of $100 million. ETFSwap (ETFS) Presale Inflows To SkyRocket As Spot Bitcoin ETFs Hype Grows  ETFSwap (ETFS)…

WIF Starts New Rally Above 100-Day Moving Average, What Next?

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The recent upward movement has led the price of WIF to continue its rally above the 100-day Simple Moving Average (SMA). This movement comes after it fails to break below the $1.03 support level. With a current market capitalization of $3.9 billion and a 24-hour trading volume of over $1.5 billion, WIF has been dominating the meme world alongside other meme coins like PEPE and DOGE since the start of this recent move. As of the time of writing, the price of WIF was up by 21%, trading around $3.97…

How Gunnar Lovelace Is Trying to ‘Unf*ck’ the World

To that end, Lovelace is paying multiple Dimon impersonators to wrestle anthropomorphized versions of meme coins and be paraded around Consensus by a dominatrix. The whole series of stunts is estimated to cost Agent Lovelace, as he prefers to be called, $25,000, including budget for labor, costumes and smoke bombs. Source

Native Stablecoins Swell on Sui as Agora Adds AUSD Stablecoin to Network – Blockchain News, Opinion, TV and Jobs

Austin, Texas, May 29th, 2024, Chainwire Agora brings to Sui an exceptional blend of technology, financial markets, and operations experience paired with blue-chip traditional finance partners and backers. Sui, the Layer 1 blockchain offering industry-leading performance and infinite horizontal scaling, announced the launch of stablecoin AUSD on the network, set to occur in July 2024. With this strategic deployment, which is only available on select chains, AUSD becomes the second native stablecoin within the Sui ecosystem as the number of native assets on the network rapidly grows. Agora is led…

The U.S. Response to Binance Exec Tigran Gambaryan’s Detention Is Shameful

In late February of this year, two Binance employees were detained by Nigerian officials without notice or a public announcement of charges. In the weeks that followed, Nigerian prosecutors charged the two with money laundering and tax offenses that are entirely divorced from the personal conduct of either man. One of those Binance employees, Tigran Gambaryan, was, in fact, the company’s lead law enforcement liaison – a former IRS criminal investigator and global educator on the use of blockchain technology for identifying and combatting precisely the kind of offenses that…

New York Stock Exchange announces collaboration for Bitcoin options tracking

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The New York Stock Exchange (NYSE) will collaborate with CoinDesk Market Indexes to launch products that track Bitcoin prices.  This collaboration will be a cash-settled index that will open up new avenues for options trading against Bitcoin. This collaboration will benefit traditional traders and investors using the CoinDesk Bitcoin Price Index (XBX), the longest-operating spot Bitcoin (BTC) index. “As traditional institutions and everyday investors are demonstrating their wide-ranging enthusiasm for the recent approval of spot bitcoin ETFs, the New York Stock Exchange is excited to announce its collaboration with CoinDesk…