Author: boss

CRV Dumps 50% In 1 Year: Founder’s Forced Liquidations A Pain For Holders

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CRV, the native token of Curve, a stablecoin decentralized exchange (DEX), is under immense selling pressure. After the hack of July 2023, CRV has never been the same again. However, the painful liquidations of Michael Erogov’s loans have worsened the situation for holders. Curve Founder Forced To Sell $677,000 Of CRV, Token Falling After the forced liquidation in mid-June, which pushed prices below $0.30, data showed that the founder was also forced to sell CRV in the market to repay part of his loan. Yesterday, on July 25, Lookonchain data…

Why Is ETH Price Struggling Despite The Spot Ethereum ETFs Launch?

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Post the Spot Ethereum ETFs launch, the ETH price has continued to struggle unexpectedly, proving that the launch of the Spot ETFs were a ‘sell the news’ event. So far, the second-largest cryptocurrency by market cap has lost around 10% of its value since the Spot Ethereum ETFs trading began on Tuesday, July 23, and could see further decline from here, according to an analysis from Matrixport. Spot Ethereum ETFs Triggers Selling Following the launch of the Spot Ethereum ETFs, there was a lot of excitement in the market, especially…

Michigan adds $6.6m in Bitcoin ETFs to pension fund

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The State of Michigan Retirement System has invested $6.6 million in ARK 21Shares’ ARKB spot Bitcoin exchange-traded fund. The ETF investment, disclosed in a 13-F form filed with the SEC, represents a small fraction — 0.004% — of the state’s substantial $143.9 billion pension fund. Michigan’s decision reflects a broader trend of institutional adoption of Bitcoin (BTC), following the lead of other states. The State of Wisconsin Investment Board recently reported a $99 million Bitcoin investment through BlackRock’s IBIT ETF. Another state pension fund has added Bitcoin to its portfolio.…

US Bitcoin ETFs Report $31.16M Inflows on Thursday

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Based on Thursday’s data, the 11 U.S. spot bitcoin exchange-traded funds (ETFs) experienced another day of net inflows following Wednesday’s increases. Statistics indicate that $31.16 million was absorbed primarily by Blackrock’s IBIT, although the amount would have been higher if not for the reduction seen by Grayscale’s GBTC. Bitcoin ETF Market Prints $59B Total Value […] Original

Bitcoin Layer 2 Rootstock Verifies Zero-Knowledge SNARK

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“The development represents a major leap forward for the BitVMX proving system, demonstrating the ability to challenge and validate the execution of a SNARK verifier on-chain,” Rootstock’s team said in an emailed statement on Thursday. “This breakthrough opens the door for replicating this process with any program compiled to the RISC-V architecture, utilizing BitVMX’s general-purpose virtual CPU.” Original

VanEck CEO says Bitcoin accounts for ‘way over 30%’ of his portfolio

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Jan van Eck, the chief executive officer of investment management firm VanEck, has reiterated his bullish stance on Bitcoin by declaring at Bitcoin 2024 that ‘way over 30%’ of his portfolio is in Bitcoin. The VanEck CEO stated that he views Bitcoin (BTC) as an evolving asset class, likening its current stage to the “teenage stage.” According to van Eck, BTC has yet to attract many investor classes, but he thinks it is only a matter of time before they join. Emphasizing his bullish view of the benchmark asset, van…

Toncoin Under Pressure As TON Price Falls Below 100-Day SMA, $6 Looms

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Toncoin (TON) has recently seen a notable price decline, dropping below its 100-day Simple Moving Average (SMA). This breach of a critical technical indicator has placed the digital asset under bearish pressure, raising concerns among investors and traders. With the $6 mark now looming as a potential target, there is market speculation about whether the price will continue to decline or if a possible recovery could occur. This article aims to inform readers about the potential implications of Toncoin’s recent technical breach by providing an in-depth analysis of its market…

Bitcoin and crypto regulation must be bipartisan

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In a recent discussion on CNBC’s Squawk Box, Anthony Scaramucci, founder of SkyBridge Capital, emphasized the importance of bipartisan support for Bitcoin and crypto regulation. Scaramucci highlighted the urgency of bipartisan cooperation in shaping crypto policies. “We need to make Bitcoin and the regulation around blockchain and cryptocurrency bipartisan,” he said. He and prominent figures like Mark Cuban and Michael Novogratz have been in discussions with White House officials to convey the risks associated with what he termed as the “Gary Gensler, Elizabeth Warren, anti-crypto approach.” The SkyBridge Capital founder…