⚪️Circle has expanded its Web3 Services, adding support for Solana, the company said in an announcement.
Circle’s Web3 Services empower businesses and developers looking to launch on-chain apps. To bring these benefits to Solana, Circle is launching its Programmable Wallets and gas stations on the network.
“With this initial launch of Circle’s Programmable Wallets supporting the Solana ecosystem, we’re excited to empower Solana developers to build innovative applications that are secure, scalable, fast, and cost efficient,” Circle noted.
Circle’s Web3 Services empower businesses and developers looking to launch on-chain apps. To bring these benefits to Solana, Circle is launching its Programmable Wallets and gas stations on the network.
“With this initial launch of Circle’s Programmable Wallets supporting the Solana ecosystem, we’re excited to empower Solana developers to build innovative applications that are secure, scalable, fast, and cost efficient,” Circle noted.
Bitfarms entered into an agreement to construct a power plant with a capacity of up to 120 MW and to lease a location in Sharon, Pennsylvania. After this agreement, Bitfarms shares (BITF) rose over 15% today.
Bitfarms, a Bitcoin mining company garnering attention amidst some takeover attempts, has restated its position that Riot’s proposed takeover would not benefit its shareholders. The company additionally revealed plans to establish this first major mining site in the United States, which will significantly increase its overall power capacity.
Bitfarms, a Bitcoin mining company garnering attention amidst some takeover attempts, has restated its position that Riot’s proposed takeover would not benefit its shareholders. The company additionally revealed plans to establish this first major mining site in the United States, which will significantly increase its overall power capacity.
Ricardo Salinas, the third wealthiest man in Mexico, has recently doubled down on his proposal to use Bitcoin as a reserve asset. On social media, Salinas defended the role of Bitcoin as an inflation hedge, commenting on a post that presented inflation as a hidden tax on fiat money and advised his followers to purchase it.
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UNI, the native token of decentralized exchange (DEX) Uniswap, has surged 9% to become the top gainer in the crypto market today.
At the time of writing, UNI has been trading at $10.69, which is up 8.5% over the past day. In the same timeframe, the crypto asset experienced a 31% drop in trading volume, suggesting existing holders might be holding onto their UNI tokens in expectation of a further price rise.
At the time of writing, UNI has been trading at $10.69, which is up 8.5% over the past day. In the same timeframe, the crypto asset experienced a 31% drop in trading volume, suggesting existing holders might be holding onto their UNI tokens in expectation of a further price rise.
Analysts have flagged that Bitcoin has failed to deliver in the second quarter of 2024, falling behind stocks and bonds in terms of performance.
According to Bloomberg, Bitcoin has underperformed compared to global equities, fixed income, and commodities this quarter. The flagship cryptocurrency has lost approximately 5% since the start of April through mid-June.
After hitting a high of $73,798 in March, attempts to rally back to the position have failed to materialize.
In the previous quarter, Bitcoin had soared 67% in the three months through March. Massively surpassing indexes of traditional assets.
According to Bloomberg, Bitcoin has underperformed compared to global equities, fixed income, and commodities this quarter. The flagship cryptocurrency has lost approximately 5% since the start of April through mid-June.
After hitting a high of $73,798 in March, attempts to rally back to the position have failed to materialize.
In the previous quarter, Bitcoin had soared 67% in the three months through March. Massively surpassing indexes of traditional assets.
ProShares filed an S-1 registration statement for its spot Ethereum ETF on June 11, confirming and expanding on the roles of various fund participants. According to the filing, Coinbase Credit will serve as the company’s trade credit lender, allowing it to borrow Ethereum (ETH) and cash for certain transactions that exceed its trading balance. Bank of New York Mellon will serve as transfer agent, processing purchase and redemption orders and maintaining fund ownership records.
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🇨🇳Shenzhen-headquartered telecommunications equipment company Coolpad Group has announced the purchase of $13.5 million worth of crypto mining rigs.
Coolpad Group, a public Chinese telecom provider listed on the Hong Kong Stock Exchange, said in a regulatory filing it has allocated over HK$106 million (around $13.5 million) to purchase Bitcoin mining rigs as the firm now “actively pursues opportunities in web 3.0 digital currency business.”
Coolpad Group, a public Chinese telecom provider listed on the Hong Kong Stock Exchange, said in a regulatory filing it has allocated over HK$106 million (around $13.5 million) to purchase Bitcoin mining rigs as the firm now “actively pursues opportunities in web 3.0 digital currency business.”
MicroStrategy has revealed the pricing of its convertible senior notes offering of $700 million.
The announcement comes a day after the company outlined an initial $500 million offering, with this latest press release noting an upsize to $700 million aggregate principal amount of notes. MicroStrategy expects the offering to close on June 17, 2024.
“The notes will be unsecured, senior obligations of MicroStrategy, and will bear interest at a rate of 2.25% per annum, payable semi-annually in arrears on June 15 and December 15 of each year, beginning on December 15, 2024,” the company wrote.
Notes mature on June 15, 2032, unless there’s an early repurchase, redemption or conversion.
The announcement comes a day after the company outlined an initial $500 million offering, with this latest press release noting an upsize to $700 million aggregate principal amount of notes. MicroStrategy expects the offering to close on June 17, 2024.
“The notes will be unsecured, senior obligations of MicroStrategy, and will bear interest at a rate of 2.25% per annum, payable semi-annually in arrears on June 15 and December 15 of each year, beginning on December 15, 2024,” the company wrote.
Notes mature on June 15, 2032, unless there’s an early repurchase, redemption or conversion.
Bernstein, an asset management firm with over $750 billion in assets, is doubling down on its Bitcoin price prediction, raising their target for 2025 from $150,000 to $200,000. The prediction for 2033 is an astounding $1 million.
Analysts at the firm shared their price projection for the flagship cryptocurrency on Friday. In a note to clients, the research firm said expectations for a surge in spot Bitcoin ETFs represents a bullish catalyst.
Analysts at the firm shared their price projection for the flagship cryptocurrency on Friday. In a note to clients, the research firm said expectations for a surge in spot Bitcoin ETFs represents a bullish catalyst.
Gemini will make this payment as a settlement for a crypto fraud claim in New York. Gemini is also banned from operating lending programs in New York.
Letitia James, the New York Attorney General, announced that her office has successfully received $50 million from the crypto platform Gemini. This money will be used to reimburse investors who were by their Gemini Earn program.
The lawsuit claims that Gemini deceived investors out of over $3 billion. It references internal Gemini documents to argue that the exchange was aware of the “high risk” with the program.
Letitia James, the New York Attorney General, announced that her office has successfully received $50 million from the crypto platform Gemini. This money will be used to reimburse investors who were by their Gemini Earn program.
The lawsuit claims that Gemini deceived investors out of over $3 billion. It references internal Gemini documents to argue that the exchange was aware of the “high risk” with the program.
Bloomberg analyst Eric Balchunas expects spot Ether (ETH) exchange-traded funds (ETFs) to begin trading in the U.S. in July.
Balchunas updated his forecast for the official launch of spot Ether ETFs, moving the over/under date to July 2.
The crypto expert noted that the U.S. Securities and Exchange Commission (SEC) staff had sent comments on the S-1 filings to issuers, describing them as “pretty light” without major issues.
He mentioned that the SEC has asked for responses within a week, suggesting a decent chance that the ETFs could be declared effective the following week, potentially before the “holiday weekend.”
Balchunas emphasized that while anything is possible, this is their best estimate at the moment.
Balchunas updated his forecast for the official launch of spot Ether ETFs, moving the over/under date to July 2.
The crypto expert noted that the U.S. Securities and Exchange Commission (SEC) staff had sent comments on the S-1 filings to issuers, describing them as “pretty light” without major issues.
He mentioned that the SEC has asked for responses within a week, suggesting a decent chance that the ETFs could be declared effective the following week, potentially before the “holiday weekend.”
Balchunas emphasized that while anything is possible, this is their best estimate at the moment.
Cryptocurrency liquidations have seen a sudden increase over the past day. Ethereum (ETH) is still leading the charts.
According to data provided by Coinglass, the total crypto liquidations surged by 78.8% in the past 24 hours, surpassing the $75 million mark. The increase in liquidations came while the total cryptocurrency open interest recorded a 0.35% decline in the same timeframe — currently hovering at $66 million.
According to data provided by Coinglass, the total crypto liquidations surged by 78.8% in the past 24 hours, surpassing the $75 million mark. The increase in liquidations came while the total cryptocurrency open interest recorded a 0.35% decline in the same timeframe — currently hovering at $66 million.
According to HC Wainwright analyst Mike Colonnese, Bitfarms is currently one of the “most attractively valued stocks in BTC mining.”
The company’s indication that it’s open to a sale if that maximizes shareholder value suggests that any successful bid could come at a hefty premium compared to where BITF currently trades.
Colonnese, who initiated coverage for the Bitcoin mining firm’s stock early this month, issued the bullish forecast for BITF in a research note published on Monday, June 17.
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Katie Stockton, founder and managing partner at Fairlead Strategies, believes the broader equities market and Bitcoin (BTC) are still in a bull market cycle.
Stockton shared her view of the market during an interview on CNBC’s ‘Squawk Box’ on Monday.
Highlighting the current market outlook compared to three weeks ago, she said:
“We were in a little bit of a pullback but that’s been sort of solved on the upside for the S&P. You know, hasn’t quite resolved yet, [but] almost, we’re very close to that. Where that happens is actually on a strong open above 5440, so we’ve been using that as a bit of a stop loss on the upside.”
Stockton shared her view of the market during an interview on CNBC’s ‘Squawk Box’ on Monday.
Highlighting the current market outlook compared to three weeks ago, she said:
“We were in a little bit of a pullback but that’s been sort of solved on the upside for the S&P. You know, hasn’t quite resolved yet, [but] almost, we’re very close to that. Where that happens is actually on a strong open above 5440, so we’ve been using that as a bit of a stop loss on the upside.”
In a new report filed by Greenpeace, the climate group called for Wall Street accountability in crypto mining, and it correlated bitcoin mining to excessive global energy usage.
Greenpeace claimed that Bitcoin (BTC) mining has evolved into a significant industry dominated by traditional financial companies that are buying up and operating large-scale facilities, using lots of energy.
Greenpeace claimed that Bitcoin (BTC) mining has evolved into a significant industry dominated by traditional financial companies that are buying up and operating large-scale facilities, using lots of energy.
Bitcoin’s post-halving consolidation has prompted cynical rhetoric from popular crypto naysayer Peter Schiff.
Bitcoin (BTC) skeptic Peter Schiff suggested that the value proposition driving spot BTC ETF demand might quickly fade, contradicting expert predictions and market performance so far. BTC has grown over 55% year-to-date (YTD), but Schiff noted that the token has traded sideways for over three months and posted minuscule gains for spot Bitcoin ETF investors.
Bitcoin (BTC) skeptic Peter Schiff suggested that the value proposition driving spot BTC ETF demand might quickly fade, contradicting expert predictions and market performance so far. BTC has grown over 55% year-to-date (YTD), but Schiff noted that the token has traded sideways for over three months and posted minuscule gains for spot Bitcoin ETF investors.
Spot Bitcoin (BTC) exchange-traded fund (ETF) outflows continued as the week started. Consequently, the total net inflows of the investment products in the U.S. dropped below the $15 billion mark.
According to data provided by Farside Investors, spot Bitcoin ETFs recorded a net outflow of $145.9 million on Jun. 17. Most of the outflows came from the Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB), worth $92 million and $50 million, respectively.
Moreover, the VanEck Bitcoin Trust (HODL) and Grayscale Bitcoin Trust (GBTC) also had smaller shares of $3.8 million and $3 million in outflows, respectively.
According to data provided by Farside Investors, spot Bitcoin ETFs recorded a net outflow of $145.9 million on Jun. 17. Most of the outflows came from the Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB), worth $92 million and $50 million, respectively.
Moreover, the VanEck Bitcoin Trust (HODL) and Grayscale Bitcoin Trust (GBTC) also had smaller shares of $3.8 million and $3 million in outflows, respectively.
Bitcoin price came under intense pressure this week as concerns about demand and ETF inflows continued. BTC is on track for the second consecutive week in the red, moving below key support level of $65,0000.
Bitcoin is now down more than 12% from its all-time high and it may seem like the bears are in complete control. Most spot Bitcoin ETFs have continued to see outflows after the coin failed to cross the resistance point at $72,000 last week. Data shows that all ETFs recorded net outflows of $145.9 million, led by the Fidelity Wise Origin Bitcoin Fund (FBTC).
These outflows accelerated after the Federal Reserve delivered a hawkish interest rates decision. In it, the bank left interest rates unchanged between 5.25% and 5.50% and hinted to one cut later this year.
Bitcoin price has also slipped after data showed that most Bitcoin mining companies were selling their coins. Data shows that miners, including major players like Marathon Digital and Riot Platforms, have been selling their holdings for 33 days straight.
Bitcoin is now down more than 12% from its all-time high and it may seem like the bears are in complete control. Most spot Bitcoin ETFs have continued to see outflows after the coin failed to cross the resistance point at $72,000 last week. Data shows that all ETFs recorded net outflows of $145.9 million, led by the Fidelity Wise Origin Bitcoin Fund (FBTC).
These outflows accelerated after the Federal Reserve delivered a hawkish interest rates decision. In it, the bank left interest rates unchanged between 5.25% and 5.50% and hinted to one cut later this year.
Bitcoin price has also slipped after data showed that most Bitcoin mining companies were selling their coins. Data shows that miners, including major players like Marathon Digital and Riot Platforms, have been selling their holdings for 33 days straight.
An analyst cited by CryptoQuant theorized that a bottom was in play with the recent market-wide slump.
The total cryptocurrency market declined by more than 7% over the past week and more than 3% in a month. Notably, Bitcoin (BTC) dropped below the $65,000 mark while altcoins suffered massive corrections.
Altcoins, typically more volatile than Bitcoin, have fared worse than the top virtual currency and lost over 4% of of market value in the last 30 days. BTC has shed around 3% in the same timeframe, but the token seems locked in a sideways pattern.
The total cryptocurrency market declined by more than 7% over the past week and more than 3% in a month. Notably, Bitcoin (BTC) dropped below the $65,000 mark while altcoins suffered massive corrections.
Altcoins, typically more volatile than Bitcoin, have fared worse than the top virtual currency and lost over 4% of of market value in the last 30 days. BTC has shed around 3% in the same timeframe, but the token seems locked in a sideways pattern.
Liquidity provider for digital assets GSR Markets has announced management restructuring anticipating a crypto rally.
GSR Markets, one of the oldest crypto market makers, has announced a number of management changes as part of its efforts to “better serve clients located in different time zones with crypto booming again.”
#Finance #Bitcoin #Ethereum #Ton #Trx #Hamster
GSR Markets, one of the oldest crypto market makers, has announced a number of management changes as part of its efforts to “better serve clients located in different time zones with crypto booming again.”
#Finance #Bitcoin #Ethereum #Ton #Trx #Hamster