⛏️ BTC Mining Pressure Score is in the deep-fear zone. Miners are doing what they always do near bottoms.
Public miners trimmed 15,000 BTC from peak treasuries. Hashprice clawed back to $37.52/PH/day.
Mining Pressure readings this deep have only printed 4 times since 2017 — each within 60 days of a base.
Public miners trimmed 15,000 BTC from peak treasuries. Hashprice clawed back to $37.52/PH/day.
Mining Pressure readings this deep have only printed 4 times since 2017 — each within 60 days of a base.
🤔 The marketing director of OpenSea stated that the next NFT cycle will differ from 2021. He noted, "Many people who bought NFTs did not buy them because they really wanted them; they treated NFTs more like a digital casino." He believes the next wave will include "tokenized Pokemon cards, Rolex watches, and in-game items." #nft
📝 SpaceX reportedly set to trade under ticker $SPCX as early as June 12.
🇺🇸💰 Grayscale Research says rising U.S. inflation and delayed Fed rate cuts could accelerate tokenized fixed income adoption and boost stablecoin issuer revenues. #stablecoin
🕵️ Abu Dhabi sovereign wealth fund Mubadala bought more of BlackRock's Bitcoin ETF and now owns over $565 million of it. #etf
📌 Top 5 News for 24 Hour:
1. Loracle.hl's $CBRS short now profitable. →
👁 473 | ❤️ 0 | 🔁 5
2. SpaceX to trade as $SPCX starting June 12. →
👁 166 | ❤️ 0 | 🔁 6
3. Elon Musk criticizes Instagram. →
👁 204 | ❤️ 3 | 🔁 4
4. Multicoin Capital facing significant losses on AAVE, selling. →
👁 310 | ❤️ 0 | 🔁 4
5. Machi faces significant losses after liquidation in crypto trading. →
👁 184 | ❤️ 0 | 🔁 4
| | |
1. Loracle.hl's $CBRS short now profitable. →
👁 473 | ❤️ 0 | 🔁 5
2. SpaceX to trade as $SPCX starting June 12. →
👁 166 | ❤️ 0 | 🔁 6
3. Elon Musk criticizes Instagram. →
👁 204 | ❤️ 3 | 🔁 4
4. Multicoin Capital facing significant losses on AAVE, selling. →
👁 310 | ❤️ 0 | 🔁 4
5. Machi faces significant losses after liquidation in crypto trading. →
👁 184 | ❤️ 0 | 🔁 4
| | |
📈 Bybit CEO Ben: I Don't Buy Companies Blaming Layoffs on AI
In an April 23 interview with When Shift Happens, Bybit CEO Ben Zhou expressed skepticism about companies using AI as an excuse for layoffs. He believes AI cannot yet replace a significant portion of the workforce.
Zhou highlighted the challenge of measuring AI output, noting that while internal spending on large-model tokens is increasing, quantifying actual efficiency gains remains difficult. He likened AI's impact to the initial adoption of Excel, emphasizing that its transformative effect on departments still needs to be evaluated.
In an April 23 interview with When Shift Happens, Bybit CEO Ben Zhou expressed skepticism about companies using AI as an excuse for layoffs. He believes AI cannot yet replace a significant portion of the workforce.
Zhou highlighted the challenge of measuring AI output, noting that while internal spending on large-model tokens is increasing, quantifying actual efficiency gains remains difficult. He likened AI's impact to the initial adoption of Excel, emphasizing that its transformative effect on departments still needs to be evaluated.
🕵️ Grayscale and VanEck Update BNB ETF Filings Amid Active SEC Review
Bloomberg ETF analyst James Seyffart reported that Grayscale has filed a second amended S-1 for its spot BNB ETF, indicating progress based on SEC feedback.
On the same day, VanEck submitted its fifth amended prospectus for a BNB ETF, while Canary Capital filed its first amended application for a Staked TRX / Tron ETF. T. Rowe Price also filed a fourth amendment for its actively managed crypto ETF, highlighting the ongoing SEC review of multiple crypto ETF applications. #regulation
Bloomberg ETF analyst James Seyffart reported that Grayscale has filed a second amended S-1 for its spot BNB ETF, indicating progress based on SEC feedback.
On the same day, VanEck submitted its fifth amended prospectus for a BNB ETF, while Canary Capital filed its first amended application for a Staked TRX / Tron ETF. T. Rowe Price also filed a fourth amendment for its actively managed crypto ETF, highlighting the ongoing SEC review of multiple crypto ETF applications. #regulation
🤔 Elon Musk: Dogecoin Becoming a Leading Crypto Would Be the Most Ironic Outcome
Elon Musk explained why he favored Dogecoin during an ARK Invest program on July 22, 2021. He stated that "the most entertaining outcome is the most likely," implying that a cryptocurrency initially created as a joke becoming a market leader would be the most ironic and entertaining result.
Musk's public comments contributed to Dogecoin's rise from an internet meme to a significant player in the crypto market, resulting in increased attention and price volatility.
Elon Musk explained why he favored Dogecoin during an ARK Invest program on July 22, 2021. He stated that "the most entertaining outcome is the most likely," implying that a cryptocurrency initially created as a joke becoming a market leader would be the most ironic and entertaining result.
Musk's public comments contributed to Dogecoin's rise from an internet meme to a significant player in the crypto market, resulting in increased attention and price volatility.
🇺🇸📊 According to SoSoValue data, U.S. spot Bitcoin ETFs recorded a total net outflow of $290 million on May 15 (ET), with none of the 12 ETFs seeing net inflows.
U.S. spot Ethereum ETFs posted a total net outflow of $65.65 million, marking the fifth consecutive day of outflows.
U.S. spot Ethereum ETFs posted a total net outflow of $65.65 million, marking the fifth consecutive day of outflows.
🤔 Hoskinson Says There's Over a 50% Chance Quantum Systems Could Threaten Digital Security by 2033
According to Crowdfund Insider, Cardano founder Charles Hoskinson stated at Consensus Miami that there is a greater than 50% chance that commercial quantum systems capable of challenging today's digital security could emerge before 2033.
He emphasized that the crypto industry should prepare for threats to existing cryptographic methods, noting that Cardano is advancing post-quantum security based on lattice cryptography and plans to incorporate U.S. FIPS 203–206 standards to enhance private keys, transaction signatures, and consensus security.
According to Crowdfund Insider, Cardano founder Charles Hoskinson stated at Consensus Miami that there is a greater than 50% chance that commercial quantum systems capable of challenging today's digital security could emerge before 2033.
He emphasized that the crypto industry should prepare for threats to existing cryptographic methods, noting that Cardano is advancing post-quantum security based on lattice cryptography and plans to incorporate U.S. FIPS 203–206 standards to enhance private keys, transaction signatures, and consensus security.