Month: June 2024

ROAR Explodes Over 300% After Kitty’s GME Move

boss

The echoes of 2021’s meme stock saga reverberated through financial markets this morning, as the obscure ROAR meme coin and video game retailer GameStop experienced a meteoric rise fueled by social media nostalgia. The catalyst? The return of a familiar face – Keith Gill, better known by his online moniker “Roaring Kitty.” Related Reading Kitty Claws Back In Retail investors were sent scrambling after Gill, a superstar among the online investment community on Reddit’s WallStreetBets forum, posted a cryptic message hinting at a significant stake in GameStop. The post, featuring…

Spot BTC ETFs start 4th consecutive week with positive inflows

Spot Bitcoin (BTC) exchange-traded funds (ETFs) in the U.S. have started their fourth consecutive week with positive gains while BTC consolidates. According to data provided by Farside Investors, spot BTC ETF products in the U.S. recorded $105.1 million in inflows on June 3 — making a positive entrance into the fourth straight week.  The majority of the inflows came from Fidelity Wise Origin Bitcoin Fund (FBTC), worth $77 million. Bitwise Bitcoin ETF (BITB) and ARK 21Shares Bitcoin ETF(ARKB) registered $14.3 million and $10.7 million inflows, respectively. Moreover, VanEck Bitcoin Trust…

Best Long-Term Bitcoin Buy Signal Flashes: Hedge Fund CEO

boss

In his latest dispatch, Charles Edwards, CEO of the Bitcoin and digital asset hedge fund Capriole, has flagged a significant market indicator in the latest edition of the firm’s newsletter, Update #51. Edwards points to the activation of the “Hash Ribbons” buy signal, a notable event that has historically indicated prime buying opportunities for Bitcoin. Bitcoin Hash Ribbons Flash Buy Signal The Hash Ribbons indicator, first introduced in 2019, utilizes mining data to predict long-term buying opportunities based on miners’ economic pressures. The signal arises from the convergence of short-term…

Kaspa (KAS) surges 20%, eyeing all-time high

KAS, the native token of the proof-of-work cryptocurrency Kaspa, has soared 20% as its price nears a potential all-time high. At the time of writing, Kaspa (KAS) has experienced a 200% increase in trading volume and an 18% increase in price during the previous 24 hours. The cryptocurrency asset has risen 25% in the previous seven days and 61% in the last 30 days, indicating an optimistic prognosis for the altcoin this month. KAS 24-hour price chart | Source: CoinMarketCap According to CoinMarketCap, the token now ranks 26th in the…

DWF Labs to Buy $12M of Floki Tokens From Project’s Treasury, Open Market

Floki will release the mainnet version of its flagship utility product, the Valhalla metaverse game, later this year, the developer said. In the coming weeks, Floki will also release several key utility products, including the Floki trading bot and the .floki domain name service. DWF’s purchases will support the growth of these ventures and provide the requisite liquidity. Source

Dogecoin Under The Microscope – Data Points To Rebound

boss

Dogecoin, the Shiba Inu-themed cryptocurrency that took the internet by storm in 2021, has been on a rollercoaster ride in recent weeks. After a week of corrections, DOGE seems to be clawing its way back, and some analysts believe it might be gearing up for a repeat of its past successes. Related Reading Echoes Of Bull Runs Past Hope for Dogecoin hinges on a recently identified trend mirroring its behavior in 2016 and 2020. Back then, a similar price pattern preceded significant bull runs that propelled DOGE to new heights.…

Bitcoin miner Core Scientific signs 12-year deal to deliver 200MW for machine learning

boss

Crypto mining firm Core Scientific has signed a 12-year deal with cloud provider CoreWeave to provide resources for training artificial intelligence. Bitcoin miners are now diversifying their portfolios by branching into areas tied to artificial intelligence (AI), with Core Scientific, a crypto mining giant that recently emerged from bankruptcy, now intensifying its focus on machine learning. In a press release on Jun. 3, the Texas-based company said it signed a series of 12-year contracts with CoreWeave, a former crypto mining company which now specializes on cloud services for AI. According…