Crypto World Highlights for July 16th
-Bitcoin Market Dynamics
Despite a cautious weekly funding rate among pro traders, Bitcoin's price has climbed above $63,000, suggesting a complex interplay between caution and bullish trends in the market.
Bitcoin miner reserves have increased by $62 million, indicating a slowdown in miner selling and potentially bullish sentiment for the cryptocurrency.
Market sentiment has transformed with recent BTC price gains, but the community remains divided on whether this trend will sustain through July to hit all-time highs.
-Ethereum and ETF Developments
Ethereum ETFs are set to launch next week, following anticipated regulatory clearances, a significant step that could broaden Ethereum's market appeal and investor base.
-Political Figures and Cryptocurrency
Donald Trump has chosen crypto-friendly J.D. Vance as his 2024 running mate, signaling potential support for cryptocurrency within the GOP's platform.
Following an assassination attempt on Donald Trump, related digital tokens and trading cards saw a surge in price and trading volume, highlighting the volatile nature of crypto assets tied to political figures.
J.D. Vance, Trump’s VP pick, owns over $100,000 in Bitcoin, emphasizing his personal investment in cryptocurrency and potentially influencing his political stance on digital assets.
-Corporate and Governmental Influence
BLK CEO Larry Fink declared Bitcoin a legitimate financial asset, as BlackRock’s iShares Bitcoin Trust saw significant asset growth, affirming institutional support for Bitcoin.
Governments collectively hold $32 billion in Bitcoin, a substantial portion acquired through seizures from illegal activities, impacting the global Bitcoin market and raising concerns about potential coordinated sell-offs.
-Market Trends and Future Predictions
Analysts predict the potential onset of "altseason," with altcoin prices nearing what could be a momentum bottom, suggesting that a significant market turnaround might be imminent.
#GoMining #MarketNews
-Bitcoin Market Dynamics
Despite a cautious weekly funding rate among pro traders, Bitcoin's price has climbed above $63,000, suggesting a complex interplay between caution and bullish trends in the market.
Bitcoin miner reserves have increased by $62 million, indicating a slowdown in miner selling and potentially bullish sentiment for the cryptocurrency.
Market sentiment has transformed with recent BTC price gains, but the community remains divided on whether this trend will sustain through July to hit all-time highs.
-Ethereum and ETF Developments
Ethereum ETFs are set to launch next week, following anticipated regulatory clearances, a significant step that could broaden Ethereum's market appeal and investor base.
-Political Figures and Cryptocurrency
Donald Trump has chosen crypto-friendly J.D. Vance as his 2024 running mate, signaling potential support for cryptocurrency within the GOP's platform.
Following an assassination attempt on Donald Trump, related digital tokens and trading cards saw a surge in price and trading volume, highlighting the volatile nature of crypto assets tied to political figures.
J.D. Vance, Trump’s VP pick, owns over $100,000 in Bitcoin, emphasizing his personal investment in cryptocurrency and potentially influencing his political stance on digital assets.
-Corporate and Governmental Influence
BLK CEO Larry Fink declared Bitcoin a legitimate financial asset, as BlackRock’s iShares Bitcoin Trust saw significant asset growth, affirming institutional support for Bitcoin.
Governments collectively hold $32 billion in Bitcoin, a substantial portion acquired through seizures from illegal activities, impacting the global Bitcoin market and raising concerns about potential coordinated sell-offs.
-Market Trends and Future Predictions
Analysts predict the potential onset of "altseason," with altcoin prices nearing what could be a momentum bottom, suggesting that a significant market turnaround might be imminent.
#GoMining #MarketNews
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🎉 A big congratulations to 3d07a625, the latest winner in our weekly raffle!
🔑 You've earned an exclusive access key to our premium GoMiners Avatars, ready to elevate your mining game. Enhance your setup with these top-tier avatars for unmatched performance.
💎 Looking to boost your mining efficiency? Here’s how you can join the raffle:
1) Haven’t got an NFT yet? Now’s the time to get started;
2) Upgrade your digital miner with a minimum of $10 to enhance power and efficiency;
💡 Every $10 invested in upgrades not only fine-tunes your mining capabilities but also raises your chances of winning. This week's winner, 3d07a625, had a winning probability of just 0.049%, proving anyone can win.
🗓 Note the date: The next draw will conclude on July 23th. Keep enhancing your setup to boost your chances.
🍀 Good luck to everyone in the next draw!
#GoMining #NFT #WeeklyRaffle
🔑 You've earned an exclusive access key to our premium GoMiners Avatars, ready to elevate your mining game. Enhance your setup with these top-tier avatars for unmatched performance.
💎 Looking to boost your mining efficiency? Here’s how you can join the raffle:
1) Haven’t got an NFT yet? Now’s the time to get started;
2) Upgrade your digital miner with a minimum of $10 to enhance power and efficiency;
💡 Every $10 invested in upgrades not only fine-tunes your mining capabilities but also raises your chances of winning. This week's winner, 3d07a625, had a winning probability of just 0.049%, proving anyone can win.
🗓 Note the date: The next draw will conclude on July 23th. Keep enhancing your setup to boost your chances.
🍀 Good luck to everyone in the next draw!
#GoMining #NFT #WeeklyRaffle
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🔄 Concluding the 47th Burn & Mint Cycle!
🔥 2,337,425 GOMINING tokens were burned;
🔨 1,940,062 GOMINING tokens have since been minted.
They were allocated as follows:
⚡️ 1,261,041 to the Service Provider;
🔒 388,012 to the owners of veGOMINING votes;
🪙 194,006 to GoMining Rewards;
👥 97,003 to the GoMining team.
The voting results for the 48th cycle are:
📌 Extra Solo mining discount is 1.82%;
📌 Pool mining multiplier is 1x;
📌 The Greedy Machines power has increased by 0.34% for each NFT sold from this collection.
🎊 Access Your Weekly Perks!
Make sure your GOMINING tokens are secured in veGOMINING - My Lock section to start receiving your consistent rewards.
🤝 Enhance Your Savings:
Apply your GOMINING tokens for NFT upkeep to obtain a 10% reduction in electricity expenses and increase your weekly rewards!
👉 Discover how to leverage these advantages here.
#GoMining #NFT #BurnMint
🔥 2,337,425 GOMINING tokens were burned;
🔨 1,940,062 GOMINING tokens have since been minted.
They were allocated as follows:
⚡️ 1,261,041 to the Service Provider;
🔒 388,012 to the owners of veGOMINING votes;
🪙 194,006 to GoMining Rewards;
👥 97,003 to the GoMining team.
The voting results for the 48th cycle are:
📌 Extra Solo mining discount is 1.82%;
📌 Pool mining multiplier is 1x;
📌 The Greedy Machines power has increased by 0.34% for each NFT sold from this collection.
🎊 Access Your Weekly Perks!
Make sure your GOMINING tokens are secured in veGOMINING - My Lock section to start receiving your consistent rewards.
🤝 Enhance Your Savings:
Apply your GOMINING tokens for NFT upkeep to obtain a 10% reduction in electricity expenses and increase your weekly rewards!
👉 Discover how to leverage these advantages here.
#GoMining #NFT #BurnMint
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✨ GoMining Reputation System
We are inspired by our tight-knit community and want to continue to personally reward the most active GoMiners. And that's why we're introducing a reputation system in our chat GoMining Talk!
How does it work?
Community moderators will highlight daily activity, correct help for newbies and participation in events, awarding additional reputation points.
Use these commands to see your personal and overall rating:
/me - view your reputation
/toprep - total reputation rating
Let's see who is our champion💪
Thank you for your activity, it's what helps GoMining get better!
#GoMining #Reputation
We are inspired by our tight-knit community and want to continue to personally reward the most active GoMiners. And that's why we're introducing a reputation system in our chat GoMining Talk!
How does it work?
Community moderators will highlight daily activity, correct help for newbies and participation in events, awarding additional reputation points.
Use these commands to see your personal and overall rating:
/me - view your reputation
/toprep - total reputation rating
Let's see who is our champion💪
Thank you for your activity, it's what helps GoMining get better!
#GoMining #Reputation
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GM! ☀️
Have a nice and productive day!🌟
Have a nice and productive day!🌟
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Crypto World Highlights for July 17th
-Bitcoin Market Dynamics and Movements
Bitcoin surged above $65,000 despite the significant BTC transfers from Mt. Gox, showcasing resilience in market sentiment.
A dramatic rise to $65K was followed by a fall, resulting in $200 million liquidated in 24 hours, with Binance leading the surge in liquidations.
Mt. Gox's movement of $2.8 billion in Bitcoin influenced a temporary dip below $63K, suggesting ongoing sensitivity to large-scale transfers within the market.
-Institutional and Corporate Bitcoin Engagement
Kraken has confirmed the receipt of Mt. Gox's Bitcoin, with plans to distribute funds to creditors possibly starting next week.
Bitcoin ETF traders have responded aggressively to market movements, with consecutive days of net inflows topping $300 million.
Metaplanet's stock surged by 10% following their recent Bitcoin acquisition, reflecting positive market reactions to corporate Bitcoin engagement.
-Innovations and Expansions in Technology
Aethir reported $36 million in revenue from its decentralized GPU network, aiming to reduce costs associated with traditional single data center setups.
Stripe has enabled cryptocurrency purchases for its EU clients, expanding its crypto services in the European market and enhancing user accessibility to cryptocurrencies.
-Mining Industry Developments
U.S.-listed Bitcoin miners reached a record share of the global hashrate, according to JPMorgan, underscoring significant growth and investment in the sector.
#GoMining #MarketNews
-Bitcoin Market Dynamics and Movements
Bitcoin surged above $65,000 despite the significant BTC transfers from Mt. Gox, showcasing resilience in market sentiment.
A dramatic rise to $65K was followed by a fall, resulting in $200 million liquidated in 24 hours, with Binance leading the surge in liquidations.
Mt. Gox's movement of $2.8 billion in Bitcoin influenced a temporary dip below $63K, suggesting ongoing sensitivity to large-scale transfers within the market.
-Institutional and Corporate Bitcoin Engagement
Kraken has confirmed the receipt of Mt. Gox's Bitcoin, with plans to distribute funds to creditors possibly starting next week.
Bitcoin ETF traders have responded aggressively to market movements, with consecutive days of net inflows topping $300 million.
Metaplanet's stock surged by 10% following their recent Bitcoin acquisition, reflecting positive market reactions to corporate Bitcoin engagement.
-Innovations and Expansions in Technology
Aethir reported $36 million in revenue from its decentralized GPU network, aiming to reduce costs associated with traditional single data center setups.
Stripe has enabled cryptocurrency purchases for its EU clients, expanding its crypto services in the European market and enhancing user accessibility to cryptocurrencies.
-Mining Industry Developments
U.S.-listed Bitcoin miners reached a record share of the global hashrate, according to JPMorgan, underscoring significant growth and investment in the sector.
#GoMining #MarketNews
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📝 GoMining Community Support Quality Survey
Dear Users,
We're always striving to improve the quality of our community support to make your interaction with us as comfortable and useful as possible. Your opinion is very important to us! 🙏
💬 We've created a short survey to find out how satisfied you are with our community support on Telegram and Discord. Your answers will help us understand what we're doing right and where we can improve.
Please take a few minutes to fill out our survey. It won't take much time, but it will greatly contribute to improving our service!
👉 Fill out the survey.
💜 We appreciate your help and support!
#GoMining #Feedback #YourVoiceMatters
Dear Users,
We're always striving to improve the quality of our community support to make your interaction with us as comfortable and useful as possible. Your opinion is very important to us! 🙏
💬 We've created a short survey to find out how satisfied you are with our community support on Telegram and Discord. Your answers will help us understand what we're doing right and where we can improve.
Please take a few minutes to fill out our survey. It won't take much time, but it will greatly contribute to improving our service!
👉 Fill out the survey.
💜 We appreciate your help and support!
#GoMining #Feedback #YourVoiceMatters
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🚀 GoMining News #2 🚀
Welcome, everyone, to the second episode of GoMining News - our regular digest of the latest product updates from the GoMining team over the past two weeks. In this edition, we celebrate significant mid-year milestones, delve into a recent partnership, and review the updated GoMining marketplace.
🔍 What's Inside:
📍The HTX Listing
The beginning of July was marked by another tier-1 listing for the GOMINING token, which became available for trading on the HTX exchange on July 9th. Highlighting this significant partnership, GoMining CEO Mark Zalan emphasized its importance for GOMINING's accessibility and market performance.
"We couldn't be happier to announce the collaboration with HTX, a premier crypto exchange. This collaboration will provide our constantly growing community with another reliable and convenient way to purchase GOMINING, along with adding additional liquidity for our utility token," Mark Zalan stated.
📍Payments in USDT (TON) Now Available via GoMining Pay
As the final touch of our ongoing collaboration with The Open Network (TON), payments in USDT on TON are now available on the GoMining platform. USDT (TON) is now the fourth network option (along with the Binance Smart Chain, Ethereum, and TRON) for anyone looking to purchase or upgrade digital miners using the most popular stablecoin.
To use this option, simply select the desired miner or upgrade and choose USDT among the available crypto payment methods.
📍The Unified GoMining Marketplace
Although we previously announced the transformation of our marketplace concept, we believe that one unified marketplace is better than two separate ones. Last week, our product team shared their vision with our community.
The original concept of having primary and secondary markets was designed to give users direct access to GoMining's collections while allowing the freedom to buy and sell on a separate marketplace. However, operating between the two markets proved a bit cumbersome. In the spirit of breaking down barriers and enhancing transparency, we have moved to a unified hub where users can effortlessly discover, purchase, and track digital miners.
Don't miss out on any details — check out the full update in our blog!
👉 Read more in our blog
Stay tuned and happy mining! ⛏️
#GoMining #Product #Updates
Welcome, everyone, to the second episode of GoMining News - our regular digest of the latest product updates from the GoMining team over the past two weeks. In this edition, we celebrate significant mid-year milestones, delve into a recent partnership, and review the updated GoMining marketplace.
🔍 What's Inside:
📍The HTX Listing
The beginning of July was marked by another tier-1 listing for the GOMINING token, which became available for trading on the HTX exchange on July 9th. Highlighting this significant partnership, GoMining CEO Mark Zalan emphasized its importance for GOMINING's accessibility and market performance.
"We couldn't be happier to announce the collaboration with HTX, a premier crypto exchange. This collaboration will provide our constantly growing community with another reliable and convenient way to purchase GOMINING, along with adding additional liquidity for our utility token," Mark Zalan stated.
📍Payments in USDT (TON) Now Available via GoMining Pay
As the final touch of our ongoing collaboration with The Open Network (TON), payments in USDT on TON are now available on the GoMining platform. USDT (TON) is now the fourth network option (along with the Binance Smart Chain, Ethereum, and TRON) for anyone looking to purchase or upgrade digital miners using the most popular stablecoin.
To use this option, simply select the desired miner or upgrade and choose USDT among the available crypto payment methods.
📍The Unified GoMining Marketplace
Although we previously announced the transformation of our marketplace concept, we believe that one unified marketplace is better than two separate ones. Last week, our product team shared their vision with our community.
The original concept of having primary and secondary markets was designed to give users direct access to GoMining's collections while allowing the freedom to buy and sell on a separate marketplace. However, operating between the two markets proved a bit cumbersome. In the spirit of breaking down barriers and enhancing transparency, we have moved to a unified hub where users can effortlessly discover, purchase, and track digital miners.
Don't miss out on any details — check out the full update in our blog!
👉 Read more in our blog
Stay tuned and happy mining! ⛏️
#GoMining #Product #Updates
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Crypto World Highlights for July 18th
-Government Actions and Bitcoin Transactions
Germany has completed a massive sale of Bitcoin, netting $2.9 billion from nearly 50,000 BTC, linked to the liquidation of assets seized from a defunct piracy website. This significant offload could influence Bitcoin market dynamics due to the large volume involved.
-Institutional Investment and Market Dynamics
Bitcoin ETFs have seen substantial inflows, with over $1 billion recorded in the last three days alone, indicating robust institutional interest, particularly with BlackRock leading these inflows.
Amidst a broader U.S. equity selloff, Bitcoin's price experienced a downturn, reflecting its continued correlation with traditional financial markets.
State Street is set to launch its own stablecoin and explore tokenized deposits, demonstrating the growing interest of traditional finance (TradFi) giants in cryptocurrency functionalities.
A shift in investment from mega-cap to smaller-cap stocks in the U.S. could potentially provide a tailwind for cryptocurrencies, signaling diversifying investor appetites amid evolving market conditions.
-Crypto Mining and Security Challenges
Cipher Mining is exploring sale options following takeover interest, reflecting ongoing adjustments and consolidations within the crypto mining industry.
Mt. Gox creditors have faced multiple brute-force attempts to breach their accounts, highlighting significant security concerns amid ongoing reimbursements.
-Political Figures and Cryptocurrency
Donald Trump considers JPMorgan's Jamie Dimon for a Treasury role, noting Dimon's softened stance on Bitcoin, which could have significant implications for crypto policies if Trump were to win the presidency.
-Regulatory and Analytical Developments
Moody's has been tasked with risk analysis for Singapore's Project Guardian, focusing on the implications of blockchain in the fixed-income sector and other tokenized financial products.
Bitwise suggests Ethereum ETFs could have a more pronounced impact on ETH prices compared to the effect of Bitcoin ETFs on BTC, due to structural and market differences between the two leading cryptocurrencies.
Grayscale has launched a Decentralized AI Fund, focusing on AI-related cryptocurrencies, indicating a new direction in crypto-based investment products that merge AI technologies with blockchain.
#GoMining #MarketNews
-Government Actions and Bitcoin Transactions
Germany has completed a massive sale of Bitcoin, netting $2.9 billion from nearly 50,000 BTC, linked to the liquidation of assets seized from a defunct piracy website. This significant offload could influence Bitcoin market dynamics due to the large volume involved.
-Institutional Investment and Market Dynamics
Bitcoin ETFs have seen substantial inflows, with over $1 billion recorded in the last three days alone, indicating robust institutional interest, particularly with BlackRock leading these inflows.
Amidst a broader U.S. equity selloff, Bitcoin's price experienced a downturn, reflecting its continued correlation with traditional financial markets.
State Street is set to launch its own stablecoin and explore tokenized deposits, demonstrating the growing interest of traditional finance (TradFi) giants in cryptocurrency functionalities.
A shift in investment from mega-cap to smaller-cap stocks in the U.S. could potentially provide a tailwind for cryptocurrencies, signaling diversifying investor appetites amid evolving market conditions.
-Crypto Mining and Security Challenges
Cipher Mining is exploring sale options following takeover interest, reflecting ongoing adjustments and consolidations within the crypto mining industry.
Mt. Gox creditors have faced multiple brute-force attempts to breach their accounts, highlighting significant security concerns amid ongoing reimbursements.
-Political Figures and Cryptocurrency
Donald Trump considers JPMorgan's Jamie Dimon for a Treasury role, noting Dimon's softened stance on Bitcoin, which could have significant implications for crypto policies if Trump were to win the presidency.
-Regulatory and Analytical Developments
Moody's has been tasked with risk analysis for Singapore's Project Guardian, focusing on the implications of blockchain in the fixed-income sector and other tokenized financial products.
Bitwise suggests Ethereum ETFs could have a more pronounced impact on ETH prices compared to the effect of Bitcoin ETFs on BTC, due to structural and market differences between the two leading cryptocurrencies.
Grayscale has launched a Decentralized AI Fund, focusing on AI-related cryptocurrencies, indicating a new direction in crypto-based investment products that merge AI technologies with blockchain.
#GoMining #MarketNews
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Exciting News! 🚀
🏆 We are thrilled to announce that GoMining Token has secured the 3rd place in the Top Toncoin Ecosystem Tokens by Market Capitalization! 🌟
GoMining, recently becoming part of the TON ecosystem, holds an honorable position in the ranking. Our token is outpaced only by such popular coins as Notcoin and Toncoin, the native coin of the network.
🙏 This achievement is a testament to the trust and support of our incredible community and the hard work of our dedicated team. We are committed to continuing our mission of providing innovative Liquid Bitcoin Hashrate solutions and driving the future of decentralized finance.
Stay tuned for more updates and thank you for being a part of our journey!
Together, we are unstoppable! 💪
#GoMiningToken #TON #CoinMarketCap
🏆 We are thrilled to announce that GoMining Token has secured the 3rd place in the Top Toncoin Ecosystem Tokens by Market Capitalization! 🌟
GoMining, recently becoming part of the TON ecosystem, holds an honorable position in the ranking. Our token is outpaced only by such popular coins as Notcoin and Toncoin, the native coin of the network.
🙏 This achievement is a testament to the trust and support of our incredible community and the hard work of our dedicated team. We are committed to continuing our mission of providing innovative Liquid Bitcoin Hashrate solutions and driving the future of decentralized finance.
Stay tuned for more updates and thank you for being a part of our journey!
Together, we are unstoppable! 💪
#GoMiningToken #TON #CoinMarketCap
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🌟 Reminder: Support GOMINING token on CoinMarketCap and win amazing prizes! 🌟
Help us boost our presence on CoinMarketCap and earn a chance to win fantastic prizes. Here's how you can participate:
🗞 Subscribe to the channel GoMining News on Telegram
👀 Add $GOMINING token to Your Watchlist on CoinMarketCap
👋 Follow GoMining's community on CoinMarketCap
❤️ Share your love for GoMining:
Post about why you love GOMINING token on the CoinMarketCap Community using the hashtag $GOMINING.
Take a screenshot of your post.
🖼 Send us your screenshots and GoMining UID:
👉 Submit all your screenshots and your GoMining User ID to the form in Gleam.
🗓 Dates: July 12-19, 23:59 PM UTC time.
🏆 Win exciting prizes:
All participants who complete the steps above will be entered into a prize drawing. There will be 30 winners and we'll distribute 2,000 GOMINING tokens among them!
🥇 1st Place - 300 GOMINING tokens
🥈 2nd Place - 250 GOMINING tokens
🥉 3rd Place -150 GOMINING tokens
🎖 4th Place - 100 GOMINING tokens
🎉 5th-20th places - 75 GOMINING tokens
The winners will be selected randomly and announced on our official social media pages!
🚀 There are only a few hours until the end of applications, don’t miss your chance!
#GoMining #CMC #Contest
Help us boost our presence on CoinMarketCap and earn a chance to win fantastic prizes. Here's how you can participate:
🗞 Subscribe to the channel GoMining News on Telegram
👀 Add $GOMINING token to Your Watchlist on CoinMarketCap
👋 Follow GoMining's community on CoinMarketCap
❤️ Share your love for GoMining:
Post about why you love GOMINING token on the CoinMarketCap Community using the hashtag $GOMINING.
Take a screenshot of your post.
🖼 Send us your screenshots and GoMining UID:
👉 Submit all your screenshots and your GoMining User ID to the form in Gleam.
🗓 Dates: July 12-19, 23:59 PM UTC time.
🏆 Win exciting prizes:
All participants who complete the steps above will be entered into a prize drawing. There will be 30 winners and we'll distribute 2,000 GOMINING tokens among them!
🥇 1st Place - 300 GOMINING tokens
🥈 2nd Place - 250 GOMINING tokens
🥉 3rd Place -150 GOMINING tokens
🎖 4th Place - 100 GOMINING tokens
🎉 5th-20th places - 75 GOMINING tokens
The winners will be selected randomly and announced on our official social media pages!
🚀 There are only a few hours until the end of applications, don’t miss your chance!
#GoMining #CMC #Contest
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Forwarded from Bitcoin.com News
From the early days of pizzas costing thousands of bitcoin to astronomical growth and increasing acceptance around the world, Bitcoin has been on quite a journey. The most recent “earthquake” was the 2024 bitcoin halving, which has forced companies to adapt to a new mining landscape. This article aims to examine the present bitcoin market, […]
https://news.bitcoin.com/creating-btc-growth-points-gomining-vision/
https://news.bitcoin.com/creating-btc-growth-points-gomining-vision/
Bitcoin News
Creating BTC Growth Points: GoMining Vision
From the early days of pizzas costing thousands of bitcoin to astronomical growth and increasing acceptance around the world, Bitcoin has been on quite a
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🚀 GoMarket Weekly #19 🚀
We’re thrilled to present the latest edition of GoMarket Weekly, authored by our expert crypto market analyst, Mike Ermolaev! This week, we explore Bitcoin's local bottom, Ethereum's promising ETF launches, recent hacking incidents, and key legal, regulatory, and political developments in the crypto world.
🔍 Bitcoin Finds Local Bottom, Anticipates Upward Momentum
Bitcoin's trading range this week, between $56,930 and $65,866, reflects heightened volatility. On-chain indicators suggest Bitcoin may have found a local bottom, as large sellers have exhausted their selling power. Traders' unrealized margins have improved significantly, indicating potential upward momentum. The German government's Bitcoin liquidation raised €2.6 billion ($2.88 billion), which helped reduce selling pressure and may pave the way for price recovery.
🌐 Spot ETFs Spark Optimism for Ethereum
Ethereum (ETH) traded between $3,061 and $3,503, posting a 10% gain for the past week. The launch of spot ETFs is expected to change Ethereum's market dynamics significantly. Several Ethereum-ETFs have updated their filings with the SEC, with U.S. trading likely to begin on July 23, sparking optimism for substantial market inflows. Bitwise forecasts a potential price rise above $5,000 following these launches.
🛡️ Hacking Incidents Raise Security Concerns
Creditors of Mt. Gox have reported multiple attempted hacks on their accounts, raising security concerns. Additionally, Indian crypto exchange WazirX suffered a major hack, losing over $230 million, allegedly carried out by North Korean hackers.
📜 Major Political and Legal Shifts Impacting Crypto
Donald Trump has selected pro-crypto Ohio Senator JD Vance as his vice-presidential pick, potentially influencing future crypto-friendly policies. In a contrasting development, Senator Bob Menendez, known for his anti-Bitcoin stance, has been found guilty of bribery. Furthermore, FTX and the CFTC have agreed on a $12.7 billion settlement to compensate exchange clients, marking a significant resolution in the regulatory saga. Additionally, Craig Wright has published a legal notice on his website declaring he is not Satoshi Nakamoto, aiming to end the controversy and legal battles surrounding his identity.
For more details, check out the full analysis and stay tuned for more insights and updates in next week's GoMarket Weekly!
#GoMining #MarketReview
We’re thrilled to present the latest edition of GoMarket Weekly, authored by our expert crypto market analyst, Mike Ermolaev! This week, we explore Bitcoin's local bottom, Ethereum's promising ETF launches, recent hacking incidents, and key legal, regulatory, and political developments in the crypto world.
🔍 Bitcoin Finds Local Bottom, Anticipates Upward Momentum
Bitcoin's trading range this week, between $56,930 and $65,866, reflects heightened volatility. On-chain indicators suggest Bitcoin may have found a local bottom, as large sellers have exhausted their selling power. Traders' unrealized margins have improved significantly, indicating potential upward momentum. The German government's Bitcoin liquidation raised €2.6 billion ($2.88 billion), which helped reduce selling pressure and may pave the way for price recovery.
🌐 Spot ETFs Spark Optimism for Ethereum
Ethereum (ETH) traded between $3,061 and $3,503, posting a 10% gain for the past week. The launch of spot ETFs is expected to change Ethereum's market dynamics significantly. Several Ethereum-ETFs have updated their filings with the SEC, with U.S. trading likely to begin on July 23, sparking optimism for substantial market inflows. Bitwise forecasts a potential price rise above $5,000 following these launches.
🛡️ Hacking Incidents Raise Security Concerns
Creditors of Mt. Gox have reported multiple attempted hacks on their accounts, raising security concerns. Additionally, Indian crypto exchange WazirX suffered a major hack, losing over $230 million, allegedly carried out by North Korean hackers.
📜 Major Political and Legal Shifts Impacting Crypto
Donald Trump has selected pro-crypto Ohio Senator JD Vance as his vice-presidential pick, potentially influencing future crypto-friendly policies. In a contrasting development, Senator Bob Menendez, known for his anti-Bitcoin stance, has been found guilty of bribery. Furthermore, FTX and the CFTC have agreed on a $12.7 billion settlement to compensate exchange clients, marking a significant resolution in the regulatory saga. Additionally, Craig Wright has published a legal notice on his website declaring he is not Satoshi Nakamoto, aiming to end the controversy and legal battles surrounding his identity.
For more details, check out the full analysis and stay tuned for more insights and updates in next week's GoMarket Weekly!
#GoMining #MarketReview
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Crypto World Highlights for July 19th
-Political Speculation and Market Dynamics
Bitcoin's price slumped towards $63K amid intensified speculation that President Joe Biden may not seek re-election, influencing market perceptions and the odds of a potential Trump presidency, which has shown to be more crypto-friendly.
Bitcoin balances on exchanges have risen by $4.1 billion in the last 30 days, suggesting a reversal in the previous trend of outflows, which could have implications for market liquidity and volatility.
Indicators suggest Bitcoin may have reached a local price bottom, with potential for upcoming positive momentum, according to analysis from CryptoQuant.
Rumors suggest Donald Trump might announce Bitcoin as a strategic reserve asset, a move that could have significant implications for Bitcoin's role and perception globally.
A potential Trump victory in the 2024 U.S. presidential election could benefit the crypto market, according to macroeconomist Lyn Alden, who highlights the broader implications of global liquidity trends on cryptocurrencies.
-Security Incidents and Distributions
Indian exchange WazirX was hacked for $230 million, reportedly by North Korean hackers, highlighting ongoing security challenges in the crypto space.
BlockFi is set to begin processing crypto distributions via Coinbase, although non-U.S. clients will currently be excluded from these distributions.
-Legal and Market Interventions
Ripple, Chainlink, and Circle were named the top workplaces for Millennials, indicating a strong organizational culture that could attract young talents to the crypto industry.
Experts debate the legal justifications of Germany's recent $2.8 billion Bitcoin sell-off, which some view as market intervention.
-Technical Analysis and Market Trends
Bitcoin's Relative Strength Index (RSI) suggests more upside potential, as the market battles for the $65K level amidst unfolding price action and market sentiment.
Many Mt. Gox creditors are opting to hold their Bitcoin payouts, rather than selling, as a significant portion of the Bitcoin owed remains undistributed.
#GoMining #MarketNews
-Political Speculation and Market Dynamics
Bitcoin's price slumped towards $63K amid intensified speculation that President Joe Biden may not seek re-election, influencing market perceptions and the odds of a potential Trump presidency, which has shown to be more crypto-friendly.
Bitcoin balances on exchanges have risen by $4.1 billion in the last 30 days, suggesting a reversal in the previous trend of outflows, which could have implications for market liquidity and volatility.
Indicators suggest Bitcoin may have reached a local price bottom, with potential for upcoming positive momentum, according to analysis from CryptoQuant.
Rumors suggest Donald Trump might announce Bitcoin as a strategic reserve asset, a move that could have significant implications for Bitcoin's role and perception globally.
A potential Trump victory in the 2024 U.S. presidential election could benefit the crypto market, according to macroeconomist Lyn Alden, who highlights the broader implications of global liquidity trends on cryptocurrencies.
-Security Incidents and Distributions
Indian exchange WazirX was hacked for $230 million, reportedly by North Korean hackers, highlighting ongoing security challenges in the crypto space.
BlockFi is set to begin processing crypto distributions via Coinbase, although non-U.S. clients will currently be excluded from these distributions.
-Legal and Market Interventions
Ripple, Chainlink, and Circle were named the top workplaces for Millennials, indicating a strong organizational culture that could attract young talents to the crypto industry.
Experts debate the legal justifications of Germany's recent $2.8 billion Bitcoin sell-off, which some view as market intervention.
-Technical Analysis and Market Trends
Bitcoin's Relative Strength Index (RSI) suggests more upside potential, as the market battles for the $65K level amidst unfolding price action and market sentiment.
Many Mt. Gox creditors are opting to hold their Bitcoin payouts, rather than selling, as a significant portion of the Bitcoin owed remains undistributed.
#GoMining #MarketNews
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📜Crypto World Highlights for July 19th
-ETH ETF Launch Updates
ETH ETFs are officially set to launch, marking a significant milestone that could potentially increase Ethereum's visibility and accessibility to a broader range of investors.
-Market Trends and Investor Sentiment
Retail demand for Bitcoin has hit a three-year low, with Google search interest also significantly declining, suggesting that a major bull run might be out of reach in the immediate future.
Option traders are positioning for a potential Bitcoin price upswing, particularly around the U.S. elections, with significant activity around calls expecting Bitcoin to reach $67,000 by the end of July and $100,000 by the end of December 2024.
JPMorgan analysts have expressed skepticism regarding the sustainability of any upcoming crypto rebounds, though they anticipate that both Bitcoin and gold may benefit from a potential second Trump presidency.
XRP trading volumes have surged above those of Bitcoin on South Korean exchanges, driven by optimism about a potential Ripple settlement.
-Political Figures and Cryptocurrency
Donald Trump's evolving stance on Bitcoin highlights a shift from viewing it as "a scam" to potentially embracing cryptocurrency as a strategic asset in his potential re-election bid.
#GoMining #MarketNews
-ETH ETF Launch Updates
ETH ETFs are officially set to launch, marking a significant milestone that could potentially increase Ethereum's visibility and accessibility to a broader range of investors.
-Market Trends and Investor Sentiment
Retail demand for Bitcoin has hit a three-year low, with Google search interest also significantly declining, suggesting that a major bull run might be out of reach in the immediate future.
Option traders are positioning for a potential Bitcoin price upswing, particularly around the U.S. elections, with significant activity around calls expecting Bitcoin to reach $67,000 by the end of July and $100,000 by the end of December 2024.
JPMorgan analysts have expressed skepticism regarding the sustainability of any upcoming crypto rebounds, though they anticipate that both Bitcoin and gold may benefit from a potential second Trump presidency.
XRP trading volumes have surged above those of Bitcoin on South Korean exchanges, driven by optimism about a potential Ripple settlement.
-Political Figures and Cryptocurrency
Donald Trump's evolving stance on Bitcoin highlights a shift from viewing it as "a scam" to potentially embracing cryptocurrency as a strategic asset in his potential re-election bid.
#GoMining #MarketNews
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📊Best analysis and insights (15-21 July)
Decentralized exchanges (DEXs) are gaining a significant market share, with their spot trade volume ratio to centralized exchanges (CEXs) reaching an all-time high of 13.76%. This reflects a growing preference for platforms that offer direct peer-to-peer trading without intermediary control.
J.D. Vance, a Bitcoin holder, potentially becoming the U.S. vice president, could herald significant policy shifts favoring cryptocurrency. His position could influence broader regulatory and development trajectories within the crypto industry.
Former President Donald Trump's potential announcement of Bitcoin as a U.S. strategic reserve asset could have profound implications for Bitcoin's role and value on a global scale.
Despite over 36% of Mt. Gox’s Bitcoin being distributed to creditors, Bitcoin whales continue to accumulate, indicating strong confidence in Bitcoin's long-term value amidst potential selling pressure from these distributions.
Bitcoin mining companies are diversifying their business models by leveraging their computational resources for AI applications, reflecting a strategic pivot to capitalize on the booming AI sector.
The UK's new Labour government could potentially liquidate its Bitcoin holdings, following Germany's recent example, which could influence Bitcoin's market dynamics depending on how these assets are managed or sold.
The stablecoin sector marks its tenth year, showing maturity with robust infrastructure and clearer regulatory frameworks, positioning it for broader adoption and resilience in financial markets.
Donald Trump has expressed a renewed and positive perspective on Bitcoin, describing his experience as "eye-opening" and emphasizing the need for the U.S. to lead in crypto innovation to stay ahead of global competitors like China.
The rise of "Big AI" is discussed as a pivotal socio-economic issue, with potential impacts on sovereignty, the social contract, and human agency, highlighting the need for careful management of emerging technologies.
#GoMining #MarketReview
Decentralized exchanges (DEXs) are gaining a significant market share, with their spot trade volume ratio to centralized exchanges (CEXs) reaching an all-time high of 13.76%. This reflects a growing preference for platforms that offer direct peer-to-peer trading without intermediary control.
J.D. Vance, a Bitcoin holder, potentially becoming the U.S. vice president, could herald significant policy shifts favoring cryptocurrency. His position could influence broader regulatory and development trajectories within the crypto industry.
Former President Donald Trump's potential announcement of Bitcoin as a U.S. strategic reserve asset could have profound implications for Bitcoin's role and value on a global scale.
Despite over 36% of Mt. Gox’s Bitcoin being distributed to creditors, Bitcoin whales continue to accumulate, indicating strong confidence in Bitcoin's long-term value amidst potential selling pressure from these distributions.
Bitcoin mining companies are diversifying their business models by leveraging their computational resources for AI applications, reflecting a strategic pivot to capitalize on the booming AI sector.
The UK's new Labour government could potentially liquidate its Bitcoin holdings, following Germany's recent example, which could influence Bitcoin's market dynamics depending on how these assets are managed or sold.
The stablecoin sector marks its tenth year, showing maturity with robust infrastructure and clearer regulatory frameworks, positioning it for broader adoption and resilience in financial markets.
Donald Trump has expressed a renewed and positive perspective on Bitcoin, describing his experience as "eye-opening" and emphasizing the need for the U.S. to lead in crypto innovation to stay ahead of global competitors like China.
The rise of "Big AI" is discussed as a pivotal socio-economic issue, with potential impacts on sovereignty, the social contract, and human agency, highlighting the need for careful management of emerging technologies.
#GoMining #MarketReview
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🛠️ Attention, GoMining Community! 🛠️
We're conducting some technical maintenance on our website to enhance your user experience! ⚙️
During this time, you may experience temporary interruptions in accessing our platform. We apologize for any inconvenience this may cause and appreciate your patience and understanding.
Rest assured, we're working diligently to ensure everything is up and running smoothly for you as soon as possible. Thank you for your continued support! 🙏
#GoMining #Maintenance
We're conducting some technical maintenance on our website to enhance your user experience! ⚙️
During this time, you may experience temporary interruptions in accessing our platform. We apologize for any inconvenience this may cause and appreciate your patience and understanding.
Rest assured, we're working diligently to ensure everything is up and running smoothly for you as soon as possible. Thank you for your continued support! 🙏
#GoMining #Maintenance
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Forwarded from GoMining News
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We need to know you're for it. Vote for more beautiful visuals on 👉 Gomining News, and we'll make stories happen!🚀
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A few months ago, Telegram made it possible to post stories. But we're still not there, let's fix that!💪
We need to know you're for it. Vote for more beautiful visuals on 👉 Gomining News, and we'll make stories happen!🚀
#Vote
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📈 GoMining Secondary Market Weekly Stats!
💸 Last week, we recorded a trading volume of 863,753 $GOMINING tokens.
🏆 Top Sales Performance:
💎 TRUST 0003: Sold for $634/1 TH
💎 GIFT 0313: Achieved $285 per/1 TH
💎 MINEBOX 75246: Closed at $260/1 TH
🛒 Enhance Your Digital Miner Experience:
Trade with confidence on our official marketplace, where every transaction is secure. Once purchased, digital miners are immediately added to your GoMining account.
🔍 Discover our marketplace here 👉 https://app.gmt.io/nft
📘 Need assistance with buying and selling? Check out our FAQ for guidance on payment methods and wallet management 👉https://help.nft.gomining.com/faq/buying-and-selling
Join the market today and boost your crypto adventure! 🚀
#GoMining #DigitalMiners #WeeklyStats
💸 Last week, we recorded a trading volume of 863,753 $GOMINING tokens.
🏆 Top Sales Performance:
💎 TRUST 0003: Sold for $634/1 TH
💎 GIFT 0313: Achieved $285 per/1 TH
💎 MINEBOX 75246: Closed at $260/1 TH
🛒 Enhance Your Digital Miner Experience:
Trade with confidence on our official marketplace, where every transaction is secure. Once purchased, digital miners are immediately added to your GoMining account.
🔍 Discover our marketplace here 👉 https://app.gmt.io/nft
📘 Need assistance with buying and selling? Check out our FAQ for guidance on payment methods and wallet management 👉https://help.nft.gomining.com/faq/buying-and-selling
Join the market today and boost your crypto adventure! 🚀
#GoMining #DigitalMiners #WeeklyStats
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HTX Live Recap: BTC Mining Revolutionized With GoMining!
In a recent AMA on HTX Live our CEO Mark Zalan joined Ruth from HTX Live to discuss the future of bitcoin mining and the transformative impact of GoMining on the industry. During the session, they covered various topics, including the latest advancements in mining technology, sustainability initiatives, and the overall direction of the cryptocurrency sector.
Mark and Ruth provided insightful answers to users' questions, shedding light on how GoMining aims to revolutionize the BTC mining landscape by making it more efficient and accessible. They emphasized the importance of innovation and sustainability in driving the industry forward.
👉 Read full article 👈
Thank you to everyone who participated and made the AMA a success! Stay tuned for more updates and join us in shaping the future of cryptocurrency mining with GoMining.
#GoMining #NFT #AMA #Recap
In a recent AMA on HTX Live our CEO Mark Zalan joined Ruth from HTX Live to discuss the future of bitcoin mining and the transformative impact of GoMining on the industry. During the session, they covered various topics, including the latest advancements in mining technology, sustainability initiatives, and the overall direction of the cryptocurrency sector.
Mark and Ruth provided insightful answers to users' questions, shedding light on how GoMining aims to revolutionize the BTC mining landscape by making it more efficient and accessible. They emphasized the importance of innovation and sustainability in driving the industry forward.
👉 Read full article 👈
Thank you to everyone who participated and made the AMA a success! Stay tuned for more updates and join us in shaping the future of cryptocurrency mining with GoMining.
#GoMining #NFT #AMA #Recap
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🎥GoMining on YouTube: Ethereum Whale Activity Amid ETH Optimism
In our latest video, we dive into the recent surge in Ethereum whale activity and the optimistic trends surrounding ETH. Join us as we explore the implications of these movements on the market and what they could mean for Ethereum's future.
👉 Watch now on our YouTube channel 👀
Stay tuned for more updates!
#GoMining #DigitalMiners #YouTube #MarketReview
In our latest video, we dive into the recent surge in Ethereum whale activity and the optimistic trends surrounding ETH. Join us as we explore the implications of these movements on the market and what they could mean for Ethereum's future.
👉 Watch now on our YouTube channel 👀
Stay tuned for more updates!
#GoMining #DigitalMiners #YouTube #MarketReview
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