A recap of the crypto market from August 11th to 17th. Source
Crypto for Advisors: Crypto Market – A Week in Review
Day: August 29, 2024
Blockchain Developer Alchemy Buys BWare, Pushing Into Europe, Adding About 25% to Staff
“The EU represents about a quarter of the Web3 market, and so it’s just even more important for us to be there today, as we look to expand,” said Lau. “So both from a serving-developers-better, and from a hiring standpoint, we really wanted to be in the EU.” Source link
Bitcoin ETFs Lose $105M in Outflows as Ether ETFs Snap Losing Streak
On Wednesday, spot bitcoin exchange-traded funds (ETFs) experienced $105.19 million in outflows, while spot ethereum ETFs managed to break their nine-day losing streak, pulling in $5.84 million in inflows. Spot Bitcoin ETFs Face $105M Outflow, Ethereum ETFs Bounce Back The biggest hit among spot bitcoin ETFs was ARKB, which saw a loss of $59.27 million. […] Original
Art Is Not a Security
NFTs “expose the incoherence of the SEC’s understanding of what it’s authorized to regulate,” says law professor Brian L. Frye, following news yesterday that the SEC has issued a Wells notice against OpenSea, claiming the NFT platform has violated securities law. Source
Market Dip Translates To 18% Losses
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…
Bitcoin’s Latest Difficulty Rise Challenges Miners Already Facing Revenue Slump
On Aug. 28, Bitcoin’s mining difficulty bumped up by 2.99% at block height 858,816, pushing the metric from 86.87 trillion to a hefty 89.47 trillion. This tweak adds a bit more challenge for bitcoin miners, especially with hashprice values lingering at very low levels. Bitcoin Network’s Difficulty Jumps as Earnings Dwindle Bitcoin’s difficulty ticked up […] Original
Bitcoin Price (BTC) Gained 1.5% While Ether Price (ETH) Rose 1.8%
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DOGS Meme Coin Surges 25% Amid TON Blockchain’s Temporary Outage
CoinspeakerDOGS Meme Coin Surges 25% Amid TON Blockchain’s Temporary Outage The recent market downturn might be ending for a new meme coin on The Open Network (TON). DOGS, a meme coin created by Telegram founder Pavel Durov, saw a significant 25% price increase on Thursday. The DOGS impressive rise followed a large airdrop and listings on major crypto exchanges such as Binance, OKX, and Bybit. DOGS Airdrop Strains TON Network Capacity DOGS, with its airdrop of 440 billion tokens out of a total supply of 550 billion, effectively grabbed user…
Can WIF Hold Above $1.47 As Bears Close In?
Dogwifhat (WIF) is at a critical juncture as the price hovers around the $1.47 support level, with bearish pressure mounting. After a period of relative stability, the cryptocurrency is now under threat from renewed selling momentum that could push it below this key threshold. A break below this critical level could open the floodgates for further downside, while a successful defense might signal a potential reversal. With Dogwifhat’s price teetering at the critical $1.47 support level, this article aims to analyze its precarious position and evaluate whether the intensifying bearish…
BTC Regains $60K Following Slide This Week
Bitcoin rose above $60,000 during the late European morning following a sharp decline earlier this week. The largest cryptocurrency was trading around $60,350, nearly 6% below its $64,000 starting level Monday. The downward trend may now have halted ahead of another short-term rally. The broader digital asset market has fallen around 0.45% in the past 24 hours, according to CoinDesk Indices data. Ether rose about 1.35% to around $2,550 after spot ether ETFs registered inflows of $5.9 million on Wednesday, ending a nine-day losing streak. Source