Day: October 31, 2024

Injective Integrates Fetch.ai And ASI: Why Is INJ Down?

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Injective, the DeFi-centric protocol, has recently made major moves. Besides boasting of high throughput and low fees while protecting traders from maximal extractive value (MEV) bots, the platform has been striking key partnerships. Injective Integrates With Fetch.ai And ASI This week, the proposal by Fetch.ai and the Artificial Superintelligence Alliance (ASI) community to integrate Injective was passed synonymously. The proposal passed with 100% of the votes agreeing with the move. Looking at voting data, over 324 million FET voted to endorse the idea, with only 656 FET rejecting it. No…

Michael Saylor’s MicroStrategy (MSTR) Tops Coinbase (COIN) as Biggest Crypto Stock

“MicroStrategy shareholders are a unique cohort. Typically, when shareholders get diluted, this is a bad thing,” said James Van Straten, senior analyst at CoinDesk. “However, as a MicroStrategy shareholder, I celebrate being diluted as I know MicroStrategy are going out and buying bitcoin, which increases the bitcoin per share as a company which is accretive for shareholder value.” Source

Donald Trump celebrates Satoshi’s whitepaper anniversary

On Bitcoin’s 16th birthday, former U.S. President Donald Trump reaffirmed his promise to end the government’s crackdown on cryptocurrency. Trump’s message to Bitcoin supporters in the U.S. on the anniversary of Bitcoin’s whitepaper, written by its creator Satoshi Nakamoto, included a jab at political rival Kamala Harris. The former president and current Republican candidate stated he would end the “war on crypto” and support Bitcoin innovation in the U.S. He also reiterated his plan to pardon Silk Road founder Ross Ulbricht, who is serving a life sentence. I would like…

Robinhood Posts 165% Revenue Growth In Q3 Earnings Report

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Este artículo también está disponible en español. Robinhood, a popular American financial services company, is finally out of the woods. In its third-quarter filing ending September 30th, 2024, the company disclosed its revenues were up by 165%, and its overall year-to-date (YTD) net deposits increased to $34 million. Related Reading It’s a promising development for Robinhood Markets this quarter after facing plenty of challenges in the past. The company took a hit in early 2021 after it decided to restrict trading in GameStop and other meme stocks during a market…

Bitcoin ETFs Capture $893M in a Day: Which Funds Are Pulling Ahead?

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Based on Wednesday’s data, spot bitcoin exchange-traded funds (ETFs) attracted inflows totaling $893.21 million, with Blackrock taking a notable lead. Blackrock’s Bitcoin ETF Hits Big Numbers Crypto ETFs continue to draw investor attention as both spot bitcoin and ether funds posted gains. The bitcoin ETFs nearly reached $1 billion, securing $893.21 million, led by Blackrock’s […] Original

Michael Saylor eyes $42b Bitcoin buy via MSTR sales

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Michael Saylor’s software giant, MicroStrategy, plans to finance its continued Bitcoin acquisition strategy through new stock sales and capital raises. MicroStrategy intends to buy $42 billion worth of Bitcoin (BTC) by 2027, the firm’s CEO Phong Le revealed revealed during its Oct. 30 earnings call. The firm noted plans to issue more securities to support cash flow from its software business and “scale up our Bitcoin capital markets initiatives.” Le referred to the plan as “21/21,” as MicroStrategy aims to raise $21 billion from debt and $21 billion from equity…

Crypto Has Enough Voters to Make a Splash

The caveats are many, including that Paradigm’s hired survey firm, Dynata, tapped a limited number of 1,000 people and applied weighting to the responses to mold the results into something that better reflects the U.S. electorate. The margin of error is stated at 3.5% overall, but that necessarily rises as subsets of those surveyed are more closely analyzed, which was the case for that central question. The survey only asked the single-issue question of the 20% of people who said they had crypto investments, and since a quarter of those…

Crypto Analyst Puts Dogecoin Price As High As $2.4, What Does Elon Musk Have To Do With It?

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Este artículo también está disponible en español. The Dogecoin price now looks like it has established support of around $0.17, having rebounded just below it in the past 24 hours. With the $0.17 price level cleared, the next step is a convincing break above $0.18. Interestingly, technical analysis of the Dogecoin price suggests a strong multi-year resistance level between $0.18 and $0.20. Technical analysis using Elliot waves suggests a break above the resistance levels could open up the path to a peak of $2.4. While this target may seem ambitious,…