Day: July 23, 2024

Bitcoin Enters Final Wave 5 As World Events Signal Massive Surge

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Bitcoin started the new week in an uptrend, signaling a return of bullish sentiment among crypto investors. This bullish sentiment has continued to propel the price forward with $70,000 remaining the major target from here. According to one analyst, this recovery signals an entrance into the final wave, which is Wave 5, that could send the BTC price back toward its ATH price. Analyst Says Bitcoin Price Could Hit $72,000 In a TradingView post, crypto analyst Arthur Signals shared an interesting analysis of the Bitcoin price, saying that the cryptocurrency…

What’s the Best Marvel Movie? Our Official Ranking

If you’re a Marvel fan, you will have noticed that the entertainment behemoth has reduced the frequency and number of releases they’ve put out in recent years. At one point, they were releasing three movies a year (on top of a TV show or two), but this year, that output has been dramatically reduced to just one. In 2024, the only movie set to be released in the Marvel Cinematic Universe is Deadpool & Wolverine, due July 26. This will also mark both Deadpool and Wolverine’s entrance into the MCU…

Mt. Gox Creditors Begin Withdrawing Owed Bitcoin And BCH Funds Via Kraken

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After a decade-long wait, creditors of the now-defunct Mt. Gox Bitcoin exchange have finally begun receiving their owed Bitcoin (BTC) and Bitcoin cash (BCH) via the Kraken and Bitstamp crypto exchanges.  However, this had a notable impact on the cryptocurrency market, contributing to a nearly 4% drop in the price of Bitcoin after users confirmed the deposits to their wallets from the exchanges.  Mt. Gox Distributes Millions To Bitstamp And Kraken On an early Tuesday morning, wallet addresses linked to Mt. Gox initiated the transfer of $2.85 billion worth of…

BlackRock’s Tokenized Fund BUIDL Pitched to Ethena as Reserve Asset

Ethena’s open competition is the latest example of tokenized RWAs getting increasingly used in the crypto-native, decentralized finance (DeFi) world. Most recently, DeFi lender MakerDAO announced plans to invest $1 billion of backing assets of the DAI stablecoin in tokenized Treasury products, while ArbitrumDAO, an ecosystem development organization of Ethereum layer-2 Arbitrum, finalized a similar contest to allocate the equivalent of 35 million of ARB tokens in tokenized offerings. Source

Coinbase Narrows Demand for SEC Chair Gensler's Crypto Messages

Coinbase Inc. (COIN) is going after internal chatter at the U.S. Securities and Exchange Commission (SEC) that may shed light on its pursuit of cryptocurrency exchanges as illegal enterprises – including Chair Gary Gensler’s own communications – but the scope of its latest request filed on Tuesday has been dialed back after resistance from a federal judge. Source

Bitcoin is ‘most abused’ crypto by criminals

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According to a recent report from the Europol Internet Organized Crime Threat Assessment, Bitcoin remains the most commonly exploited cryptocurrency by criminals. The report noted that Bitcoin is often converted to stablecoins like Tether (USDT) for stability and is still frequently encountered in cybercrime and fraud. The Tron blockchain’s lower transaction fees have made it more popular for USDT transactions.  “Bitcoin is still the cryptocurrency that is most abused by criminals but the use of alternative coins (altcoins) seems to be growing,” the report read.  Stablecoins with blacklisting functionality have…

Bitwise becomes 1st US ETF to post Ethereum addresses

Bitwise disclosed several ENS addresses used to store Ethereum tokens for its spot ETH ETF, which launched on Tuesday. Bitwise became the first U.S. spot Ethereum (ETH) ETF issuer to publish wallets after committing to transparency for its ETHW fund. The wealth manager made a similar move in January when it disclosed public Bitcoin (BTC) addresses for assets underpinning the BITB spot BTC ETF.  Five addresses assigned Ethereum Name Service (ENS) tags were posted shortly before ETHW and eight other funds started trading. ENS sub-names simplify Ethereum addresses, which are typically…

ETH ETF Trading Volume Above $600M in First Half Day

“We assume $ETHE volume is mostly outflows,” Bloomberg Intelligence senior ETF analyst Eric Balchunas wrote in a post on X. Grayscale’s ETHE, in similar fashion to its Bitcoin Trust (GBTC), entered the race with over $9 billion in assets, thus giving rise to the idea that much of its volume is due to outflows. Source