Month: July 2024

Valora Introduces ‘Mobile Stack’ to Simplify Web3 Apps on iOS, Android

July 5: Valora, a P2P payments app, introduced Mobile Stack, described as “an open protocol that simplifies the creation of Web3-native mobile apps on iOS and Android.” According to the team, “it unlocks a critical pathway for bringing the next billion users on-chain by providing Web3 brands and startups with the tools they need to bring their apps to consumers’ fingertips. Troopo (from Stake Capital/Curve) and The ChatGPT DataDAO (from Vana) will be the first of Mobile Stack’s ecosystem partners to bring their Web3 dApps to mobile, showcasing how web3…

Grayscale Ethereum Trust Hits Premium for First Time Since 2021

Grayscale’s Ethereum Trust (ETHE) has shifted from a discount to a premium in its net asset value (NAV) for the first time since November 2021, as reported by ycharts.com metrics. This adjustment comes just before the expected debut of spot ether exchange-traded fund listings expected to launch later this month. On July 2, 2024, ycharts.com […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Bitcoin Price (BTC) Crash to $53K Pushes Fear & Greed Index to Lowest Since Early 2023

Markus Thielen, founder of 10x Research trimmed his $55,000 price target to $50,000. “This situation may compel ETF holders and miners to liquidate more positions,” he said in an emailed note, adding that August and September are historically “challenging months” for bitcoin. However, he added, “if the Federal Reserve cuts interest rates in September, bitcoin could see another rally attempt.” Source

Is This Bearish For Solana? $180 Million Transfer Raises Eyebrows

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With almost $180 million in SOL tokens moved to cryptocurrency exchange Coinbase, Solana, the fast-moving blockchain network, has become entangled in whale activity. Investors feel chilly from this large fund movement, which begs the question of where the price of the currency will go in the future. Related Reading Whales Making Waves The transfers, identified by blockchain tracker Whale Alert, originated from unknown wallets and landed at Coinbase, a major exchange platform. This large-scale movement suggests potential selling by major SOL holders, often referred to as “whales.” Whales, due to…

$1.2 billion worth of Bitcoin sent to exchanges in past week

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Sustained selling pressure gripped Bitcoin as exchange deposits increased due to bearish market sentiment.  According to IntoTheBlock data, crypto holders have sent over 21,000 Bitcoin (BTC) to centralized exchanges like Binance and Coinabse in the past week alone. The total amount of BTC transferred to these trading venues exceeded an estimated $1.2 billion as the token changed hands around $55,000 on Friday. BTC deposits on crypto exchanges surge | Source: IntoTheBlock Why is Bitcoin down? Bitcoin’s 21% decline in the past month indicates sustained selling pressure due to macroeconomic factors, institutional…

Multicoin Pledges up to $1M for Pro-Crypto Senate Candidates

These candidates’ opponents aren’t uniformly critical of cryptocurrency on the level of Elizabeth Warren, the Massachusetts senator despised by the crypto industry for her rhetoric of hosting an “anti-crypto army.” Three of the four are rated as “neutral” or better by Stand With Crypto, though Ohio Senator Sherrod Brown touts an “F.” Source

Mt Gox Initiates Bitcoin Repayments to Creditors

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The Mt. Gox Rehabilitation Trustee has announced that repayments in bitcoin and bitcoin cash have begun for some creditors. Further repayments will occur once several conditions are met. Mt. Gox has moved significant bitcoin amounts ahead of its planned $9 billion repayment. Bitcoin’s price dropped amid these developments and other market activities. Mt. Gox Begins […] Original

This Dormant Bitcoin Wallet Holding $6.8 Million BTC Just Reactivated, Are They Selling?

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Bitcoin has recently been plagued with massive selling pressure, with different entities looking to offload their holdings. This time, on-chain data shows a dormant Bitcoin wallet that transferred over $6.8 million in Bitcoin, suggesting that this whale may also be looking to sell their tokens.  Dormant Bitcoin Wallet Transfers Funds For First Time In 12 Years On-chain data shows that a Bitcoin wallet (1Nxxi) that had been dormant for 12 years transferred funds for the first time on July 4. The wallet contained $6.8 million worth of Bitcoin, with all…

US jobs data deals blow to Ethena, Solana, and EOS prices

It was a sea of red in the crypto industry on Friday after Bitcoin price dropped below the crucial support of $55,000. Most altcoins like Ethena (ENA), Solana (SOL), and EOS dropped by over 10% in the past 24 hours. The total market cap of all coins dropped from the year-to-date high of $2.7 trillion to $2 trillion. Ethena vs Solana vs EOS prices US nonfarm payrolls (NFP) data The falling crypto prices received another blow when the US published another solid nonfarm payroll (NFP) data. According to the Bureau…