Bitcoin Bullish: Trader Profit-Taking Stays Low Despite $71,000 Break

On-chain data shows the Bitcoin short-term holders have only been taking minimal profits recently despite the asset’s latest rally. Bitcoin Short-Term Holder SOPR Is Currently At Relatively Low Levels As pointed out by an analyst in a CryptoQuant Quicktake post, the short-term holder SOPR is still under the range that has signaled overheated conditions for the asset during the past year. The “Spent Output Profit Ratio” (SOPR) here refers to an indicator that tells us about whether the Bitcoin investors as a whole are selling their coins at a profit…

AI Data Collection Startup Sapien Raises $10.5M Seed Funding Led by Variant

The Sapien team, led by Rowan Stone, the former co-creator of Coinbase’s layer 2 network Base, and Trevor Koverko, founder of Polymath and author of RWA standard ERC1400, are incentivizing a growing army of data labelling workers with with either USDC stablecoin or a system of reward points. The data work can anything from people labelling everyday items like traffic signs using a mobile device, to pinpointing particular types of cancer cells. Source

Starknet Claims to Shatter Transaction Speed Record Among Ethereum Layer-2 Networks Including Base

“The stress test was conducted with a game called ‘flippyflop,’ developed by Cartridge,” a press release stated. “The tile game saw users competing against bots to check tiles on the grid. Bots worked to undo the gamers’ work by unchecking tiles at random. As such the theme was ‘human vs. machine.’ The high pace of simple transactions generated during this game was designed to be the ultimate test for Starknet’s TPS.” Source

Bitcoin bullish sentiment is ‘loud and clear’, analyst says

Bitcoin price pulled back slightly after nearly retesting its all-time high of $73,800 on Oct. 29. Bitcoin (BTC) trading at $71,800 as crypto analysts predicted an eventual bullish breakout in the coming days. In an X post, Mando CT, a crypto trader with over 600,000 followers on X and 300,000 on YouTube, predicted that the bull run was gaining momentum. He also noted that bullish sentiments in the crypto industry were “loud and clear.” $BTC bull run kicks into high gear, gaining momentum faster than light. This cycle will bring…

FBS Research Examines Cryptocurrency's Impact in Hyperinflated Economies

FBS, a leading global broker, explores the essential role of cryptocurrencies in hyperinflated economies. In the recently published article, FBS experts analyze the benefits of digital currencies in countries like Venezuela, Argentina, Zimbabwe, Nigeria, and Brazil, where national currencies continue to suffer rapid devaluation. As inflation surges in these regions, digital currencies are recognized for their potential to preserve wealth and facilitate transactions outside traditional banking systems. According to FBS analysts, cryptocurrencies offer a flexible, accessible solution, particularly for those facing restrictions on foreign exchange. The adoption of cryptocurrencies —…