“Their 5G offers better consumer pricing to retail since reselling home internet offers a cheaper per mobile price vs a mobile plan directly with a carrier,” Shaughnessy wrote on X. “A home internet service costs $50-$100/month once and you can resell that to many users for less each ($20/mo helium plans), vs each person paying $50-$100 for their own mobile plan. 100,000 subscribers and counting is incredible,” Source
“Okay so this is interesting because that’s clearly market manipulation, but technically it did cross $1 billion on 1 website. Someone here with a vested interest in Popcat has manipulated the market and pushed it over,” wrote Polymarket user @The_Guru55. “Literally a 1 second pump with 1 order on 1 website is pretty questionable,” they added. Source
The bitcoin price is currently too high versus its production cost and relative to its volatility-adjusted comparison to gold, the report said. Source
What’s giving them hope is that the association was invited for talks with the ministry as part of the pre-budget consultations, unlike in 2022 and 2023. However, ministry officials “did not give us any sense or comment at all,” said R Venkat, a Bharat Web3 Association member who attended the meeting. The Finance Ministry declined to comment. Source
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…
Market data shows Polymarket bettors called Biden drop out hours before it was announced. Source
KAMA hit an all-time high of 2.4 cents in the minutes following President Joe Biden’s announcement that he was dropping his re-election campaign. With a market cap of $24 million, KAMA is now nearly four times as large as the Biden-inspired coin BODEN, once the kingmaker crypto of so-called PolitiFi. BODEN fell by nearly 50% following Biden’s announcement. Source
President Biden Announces Decision to Not Seek Reelection (Copy of Letter) Source
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…
Looking at a longer timeframe, bitcoin is trading around the midpoint of a multi-month sideways channel between $56,000 and $73,000. Spot prices might be range-bound in the near term, but traders are increasingly positioning for a breakout to new all-time highs towards the U.S. elections in November, digital asset hedge fund QCP said in a market update. QCP analysts noted strong demand for December $100,000 bitcoin call options from institutions. Source