Trader Known for Calling May 2021 Crypto Collapse Says Bitcoin Flashing Historic Rally Signal, Weighs In on Ethereum
An analyst and trader known for calling the crypto market collapse of May 2021 says that Bitcoin (BTC) is now flashing historic signs of a new bull run.
The pseudonymous trader known as Dave the Wave tells his 131,000 Twitter followers that Bitcoin’s moving average convergence divergence (MACD) indicator is at a level that in the past led to fresh bull runs.
An analyst and trader known for calling the crypto market collapse of May 2021 says that Bitcoin (BTC) is now flashing historic signs of a new bull run.
The pseudonymous trader known as Dave the Wave tells his 131,000 Twitter followers that Bitcoin’s moving average convergence divergence (MACD) indicator is at a level that in the past led to fresh bull runs.
82% of Millionaires Ask About Putting Crypto in Their Portfolios, Survey Shows
Asset management firm Devere Group says that 82% of millionaires surveyed have asked their financial advisors about adding cryptocurrencies, such as bitcoin, to their portfolios despite the crypto winter. “Wealthy investors understand that digital currencies are the future of money, and they don’t want to be left in the past,” the firm’s chief executive said.
Millionaires to Capitalize in Forthcoming Crypto Bull Run, Devere SaysDevere Group, a global financial advisory and asset management firm with $12 billion in assets under management (AUM) worldwide, published the results of its crypto survey Monday. Devere found that among its millionaire clients with between $1 million and $5 million of investable assets, 82% have sought advice about investing in cryptocurrencies. Without providing additional details, the asset management firm wrote:
Eight out of 10 high net worth (HNW) individuals have asked their financial advisers about including cryptocurrencies, such as bitcoin, into their portfolios over the last 12 months — despite the market experiencing a difficult year in 2022.
Asset management firm Devere Group says that 82% of millionaires surveyed have asked their financial advisors about adding cryptocurrencies, such as bitcoin, to their portfolios despite the crypto winter. “Wealthy investors understand that digital currencies are the future of money, and they don’t want to be left in the past,” the firm’s chief executive said.
Millionaires to Capitalize in Forthcoming Crypto Bull Run, Devere SaysDevere Group, a global financial advisory and asset management firm with $12 billion in assets under management (AUM) worldwide, published the results of its crypto survey Monday. Devere found that among its millionaire clients with between $1 million and $5 million of investable assets, 82% have sought advice about investing in cryptocurrencies. Without providing additional details, the asset management firm wrote:
Eight out of 10 high net worth (HNW) individuals have asked their financial advisers about including cryptocurrencies, such as bitcoin, into their portfolios over the last 12 months — despite the market experiencing a difficult year in 2022.
NFT Analyst Kalah Haley Gives Her Thoughts on Crypto
Non-fungible token (NFT) strategist and founder of Saint Rock Media Kalah Haley makes her paychecks by analyzing where the NFT market will go. NFTs, while not necessarily cryptocurrency, are arguably crypto-based given that they are tokens running on blockchain and they can sometimes be used as collateral to gain crypto.
Kalah Haley on the Future of the Digital Asset SpaceIn a recent interview, Haley said that while she feels digital assets have a lot of potential and are here to stay, they need to change their directions up a bit given they’re not really going anywhere at the time of writing. She also said that a lot of people out there have the wrong idea about crypto, and thus more education may be the answer. She stated:
I think a lot of people have a pretty bad misconception.
Non-fungible token (NFT) strategist and founder of Saint Rock Media Kalah Haley makes her paychecks by analyzing where the NFT market will go. NFTs, while not necessarily cryptocurrency, are arguably crypto-based given that they are tokens running on blockchain and they can sometimes be used as collateral to gain crypto.
Kalah Haley on the Future of the Digital Asset SpaceIn a recent interview, Haley said that while she feels digital assets have a lot of potential and are here to stay, they need to change their directions up a bit given they’re not really going anywhere at the time of writing. She also said that a lot of people out there have the wrong idea about crypto, and thus more education may be the answer. She stated:
I think a lot of people have a pretty bad misconception.
Ripple Price Analysis: Fresh Rally Possible Above $0.52
Ripple price is consolidating near $0.500 against the US Dollar, similar to Bitcoin. XRP price must stay above the $0.4820 support to remain in a bullish zone.
Ripple Price AnalysisThis past month, Ripple price saw a strong increase above the $0.4850 resistance against the US Dollar. The XRP/USD pair even climbed above the $0.50 resistance to move into a positive zone.
There was a steady increase and the price climbed toward the $0.60 resistance. A high was formed near $0.5847 and the price recently corrected lower. There was a move below the $0.550 and $0.520 levels. It tested the $0.4820 zone.
Ripple price is consolidating near $0.500 against the US Dollar, similar to Bitcoin. XRP price must stay above the $0.4820 support to remain in a bullish zone.
Ripple Price AnalysisThis past month, Ripple price saw a strong increase above the $0.4850 resistance against the US Dollar. The XRP/USD pair even climbed above the $0.50 resistance to move into a positive zone.
There was a steady increase and the price climbed toward the $0.60 resistance. A high was formed near $0.5847 and the price recently corrected lower. There was a move below the $0.550 and $0.520 levels. It tested the $0.4820 zone.
FTX Used Hodgepodge of Apps To Manage Billions of Dollars in Assets, Including Crypto: New Court Filing
Collapsed crypto exchange FTX used a “hodgepodge” of “non-enterprise solutions” to manage its billions of dollars in assets, according to a new bankruptcy filing.
FTX CEO John J. Ray III, who replaced disgraced founder Sam Bankman-Fried, notes in a new report filed with the U.S. Bankruptcy Court for the District of Delaware that none of the FTX Group companies employed an “appropriate” accounting system.
Collapsed crypto exchange FTX used a “hodgepodge” of “non-enterprise solutions” to manage its billions of dollars in assets, according to a new bankruptcy filing.
FTX CEO John J. Ray III, who replaced disgraced founder Sam Bankman-Fried, notes in a new report filed with the U.S. Bankruptcy Court for the District of Delaware that none of the FTX Group companies employed an “appropriate” accounting system.
Lido Finance Activates Ethereum Withdrawals With V2 Mainnet Launch
Lido Finance, the largest Ethereum staking protocol, has activated the withdrawal of staked ether from its platform. The activation of Ethereum withdrawals comes with the liquid staking protocol’s move to version 2, which was approved through a governance vote earlier today by the community behind the staking platform.
Lido Finance Community Approved V2 With Overwhelming MajorityThe decentralized autonomous organization (DAO) behind Lido Finance approved the governance vote to decide the move to V2 with an overwhelming majority earlier today. According to the on-chain voting platform Aragon, 100% of the members who participated in the vote were in favor of the transition to V2. The on-chain vote, which began on May 12, 2023, received 0 votes against the proposal.
The launch of Lido V2 represents an architectural evolution of the Lido protocol, ushering in both the ability for stETH holders to natively unstake their stETH in-protocol for ETH. Simple, accessible, and timely withdrawals are a core part of a full-fledged staking product.”
Lido Finance, the largest Ethereum staking protocol, has activated the withdrawal of staked ether from its platform. The activation of Ethereum withdrawals comes with the liquid staking protocol’s move to version 2, which was approved through a governance vote earlier today by the community behind the staking platform.
Lido Finance Community Approved V2 With Overwhelming MajorityThe decentralized autonomous organization (DAO) behind Lido Finance approved the governance vote to decide the move to V2 with an overwhelming majority earlier today. According to the on-chain voting platform Aragon, 100% of the members who participated in the vote were in favor of the transition to V2. The on-chain vote, which began on May 12, 2023, received 0 votes against the proposal.
The launch of Lido V2 represents an architectural evolution of the Lido protocol, ushering in both the ability for stETH holders to natively unstake their stETH in-protocol for ETH. Simple, accessible, and timely withdrawals are a core part of a full-fledged staking product.”
Fuck memecoins, says PSYCHO. Yep, you heard that right. Here's why it got our attention:
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
Bitcoin Mining Difficulty Reaches Unprecedented Highs Amidst Challenging Market Conditions
On Wednesday, June 14, 2023, at block height 794,304, the Bitcoin network recorded its third consecutive mining difficulty increase since May 18. The mining difficulty climbed by 2.18%, bringing the overall difficulty to another unprecedented high at 52.35 trillion.
Bitcoin Mining Difficulty Hits All-Time High Amidst Price DipBitcoin’s mining difficulty experienced yet another surge on Wednesday morning at 7:27 a.m. (ET), rising by 2.18% and making it even more challenging for bitcoin miners to uncover blocks. Before this modification, the preceding 2,016 blocks had an average hashrate of roughly 374.5 exahash per second (EH/s).
Currently, the hashrate is cruising at 329 EH/s; however, on June 11, 2023, the network notched another 24-hour all-time high of 516.61 EH/s at block height 793,868. The most recent spike in difficulty has also propelled it to a record-breaking high of 52.35 trillion. Over the last six weeks, miners have grappled with three consecutive increases and an overall increase of 8.8% since May 18, 2023.
On Wednesday, June 14, 2023, at block height 794,304, the Bitcoin network recorded its third consecutive mining difficulty increase since May 18. The mining difficulty climbed by 2.18%, bringing the overall difficulty to another unprecedented high at 52.35 trillion.
Bitcoin Mining Difficulty Hits All-Time High Amidst Price DipBitcoin’s mining difficulty experienced yet another surge on Wednesday morning at 7:27 a.m. (ET), rising by 2.18% and making it even more challenging for bitcoin miners to uncover blocks. Before this modification, the preceding 2,016 blocks had an average hashrate of roughly 374.5 exahash per second (EH/s).
Currently, the hashrate is cruising at 329 EH/s; however, on June 11, 2023, the network notched another 24-hour all-time high of 516.61 EH/s at block height 793,868. The most recent spike in difficulty has also propelled it to a record-breaking high of 52.35 trillion. Over the last six weeks, miners have grappled with three consecutive increases and an overall increase of 8.8% since May 18, 2023.
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Bullish BTC Signal: SEC Formally Accepts Valkyrie Spot Bitcoin ETF Filing For Review
The U.S. Securities and Exchange Commission (SEC) has officially acknowledged another Bitcoin Exchange-Traded Fund (ETF) proposal for regulatory review, marking another bullish signal for Bitcoin (BTC). This time, SEC acceptance comes for the financial services firm Valkyrie, which has adopted ‘BRRR’ as the ticker for its ETF.
Valkyrie Spot Bitcoin ETF Application Acknowledged By SECThe U.S. SEC has accepted Valkyrie’s application for a spot Bitcoin ETF following its acknowledgement of similar applications by BlackRock and Bitwise in recent days.
The watchdog added Valkyrie’s proposal to launch the Valkyrie Bitcoin Fund to its official docket on Monday.
The U.S. Securities and Exchange Commission (SEC) has officially acknowledged another Bitcoin Exchange-Traded Fund (ETF) proposal for regulatory review, marking another bullish signal for Bitcoin (BTC). This time, SEC acceptance comes for the financial services firm Valkyrie, which has adopted ‘BRRR’ as the ticker for its ETF.
Valkyrie Spot Bitcoin ETF Application Acknowledged By SECThe U.S. SEC has accepted Valkyrie’s application for a spot Bitcoin ETF following its acknowledgement of similar applications by BlackRock and Bitwise in recent days.
The watchdog added Valkyrie’s proposal to launch the Valkyrie Bitcoin Fund to its official docket on Monday.
Steps to Rewards: How Move-to-Earn Apps Are Reshaping the Future of Fitness
Since the pandemic hit, fitness companies and apps have had to rethink their economic and technological innovations. The industry is adopting new mechanisms for fitness to help more people exercise and live better, healthier, and happier lives. It all started with the forced closure of gyms, fitness centres and studios, which caused people to find new routines to keep fit and the businesses to innovate or die out. From wild innovations in the fitness industry to at-home tech fitness, the post-pandemic exercising world looks very different.
Since the pandemic hit, fitness companies and apps have had to rethink their economic and technological innovations. The industry is adopting new mechanisms for fitness to help more people exercise and live better, healthier, and happier lives. It all started with the forced closure of gyms, fitness centres and studios, which caused people to find new routines to keep fit and the businesses to innovate or die out. From wild innovations in the fitness industry to at-home tech fitness, the post-pandemic exercising world looks very different.
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As Ordinal Transaction Dominance Soars, NFT Advocates Question Bitcoin’s Reported Downturn
Metrics reveal a significant day for the Bitcoin blockchain as 411,511 Ordinal inscriptions were minted Sunday, clinching the title of the second most prolific day for inscriptions ever. Additionally, over the past seven days, Ordinal inscriptions represented a hefty 53.9% of all transaction activity on the Bitcoin network.
Ordinals’ Unprecedented Impact: 53% of Bitcoin’s Weekly Transactions Defined by InscriptionsFast forward to 8:15 a.m. Eastern Time on Monday morning August 21, 2023, a significant 25,620,164 Ordinal inscriptions now grace the Bitcoin blockchain. Just a day ago on Sunday, the network witnessed the minting of Ordinals spike to its second-highest volume ever with 411,511 inscriptions. Still topping the chart is July 30, 2023, when a record 422,164 inscriptions were minted in a single day.
Metrics reveal a significant day for the Bitcoin blockchain as 411,511 Ordinal inscriptions were minted Sunday, clinching the title of the second most prolific day for inscriptions ever. Additionally, over the past seven days, Ordinal inscriptions represented a hefty 53.9% of all transaction activity on the Bitcoin network.
Ordinals’ Unprecedented Impact: 53% of Bitcoin’s Weekly Transactions Defined by InscriptionsFast forward to 8:15 a.m. Eastern Time on Monday morning August 21, 2023, a significant 25,620,164 Ordinal inscriptions now grace the Bitcoin blockchain. Just a day ago on Sunday, the network witnessed the minting of Ordinals spike to its second-highest volume ever with 411,511 inscriptions. Still topping the chart is July 30, 2023, when a record 422,164 inscriptions were minted in a single day.
The New Era of Web3 User and Developer Experience Is Here, Thanks to the Radix Babylon Upgrade
Radix Publishing, the creator of the decentralized ledger platform, has announced the successful conclusion of its much-awaited Babylon mainnet upgrade. Radix has praised the Babylon upgrade as a revolutionary event for Web3 and the larger DeFi market, signalling the end of the Olympia era.
A “substantial update” to the Radix Network mainnet, the Babylon mainnet upgrade allows for the deployment of Scrypto-based smart contracts along with a host of new features and technologies, the most notable of which being the Radix Mobile Wallet.
Radix Publishing, the creator of the decentralized ledger platform, has announced the successful conclusion of its much-awaited Babylon mainnet upgrade. Radix has praised the Babylon upgrade as a revolutionary event for Web3 and the larger DeFi market, signalling the end of the Olympia era.
A “substantial update” to the Radix Network mainnet, the Babylon mainnet upgrade allows for the deployment of Scrypto-based smart contracts along with a host of new features and technologies, the most notable of which being the Radix Mobile Wallet.
Ripple’s XRP On The Verge Of Ultimate Price Explosion To $1 As Whale Accumulation Skyrockets
XRP has emerged as the top-performing cryptocurrency in the last 24 hours, leaving Bitcoin (BTC) and Ethereum (ETH) in its wake.
Notably, the price of XRP experienced an impressive 8.5% spike on Sunday to tap $0.67, with trading volumes skyrocketing from $1 billion to $2.7 billion over the last 24 hours. More remarkably, XRP has claimed the fourth-largest market capitalization, outpacing Binance Coin (BNB).
XRP has emerged as the top-performing cryptocurrency in the last 24 hours, leaving Bitcoin (BTC) and Ethereum (ETH) in its wake.
Notably, the price of XRP experienced an impressive 8.5% spike on Sunday to tap $0.67, with trading volumes skyrocketing from $1 billion to $2.7 billion over the last 24 hours. More remarkably, XRP has claimed the fourth-largest market capitalization, outpacing Binance Coin (BNB).
Ethereum (ETH) Layer-2 Scaling Solution Arbitrum (ARB) Suffers ‘Major Outage’ Amid Surge in Traffic
Arbitrum (ARB), a popular Ethereum (ETH) layer-2 scaling solution, suffered a major outage on Friday morning amid a “significant” surge in network traffic.
The protocol’s sequencer, which is responsible for ordering users’ transactions, stalled at 7:29 a.m. PST and didn’t resume operations until 8:57 a.m., according to Arbitrum’s status page.
Arbitrum (ARB), a popular Ethereum (ETH) layer-2 scaling solution, suffered a major outage on Friday morning amid a “significant” surge in network traffic.
The protocol’s sequencer, which is responsible for ordering users’ transactions, stalled at 7:29 a.m. PST and didn’t resume operations until 8:57 a.m., according to Arbitrum’s status page.
SEC Receives Application From Financial Services Company To Issue New Interest-Bearing Stablecoin
A blockchain-focused financial services company wants to launch an interest-bearing stablecoin pegged to the penny.
According to a registration statement filed with the U.S. Securities and Exchange Commission (SEC) in October, the San Francisco-based Figure wants to set up a subsidiary called Figure Certificate Company.
A blockchain-focused financial services company wants to launch an interest-bearing stablecoin pegged to the penny.
According to a registration statement filed with the U.S. Securities and Exchange Commission (SEC) in October, the San Francisco-based Figure wants to set up a subsidiary called Figure Certificate Company.
Analyst Calls One Memecoin a ‘Kingmaker Trade,’ Predicts Incoming Surge for AI-Related Crypto Asset
A crypto strategist who nailed Bitcoin’s (BTC) 2018 bear market price floor says he’s looking at one memecoin to generate massive returns this cycle.
Pseudonymous analyst Bluntz tells his 240,900 followers on the social media platform X that the Solana (SOL)-based memecoin dogwifhat (WIF) is his “highest conviction” trade this cycle.
A crypto strategist who nailed Bitcoin’s (BTC) 2018 bear market price floor says he’s looking at one memecoin to generate massive returns this cycle.
Pseudonymous analyst Bluntz tells his 240,900 followers on the social media platform X that the Solana (SOL)-based memecoin dogwifhat (WIF) is his “highest conviction” trade this cycle.
FTX Bankruptcy Estate Sells Locked Solana Tokens Worth $1.9 Billion at Huge Discount of $64 per SOL
FTX bankruptcy administrators led by FTX CEO John J. Ray III have successfully sold a significant portion of their Solana (SOL) token holdings, raising approximately $1.9 billion for the FTX estate.
According to a Friday report by Bloomberg, this sale stemmed from the collapse of the FTX crypto exchange and its sister firm, Alameda, in 2022. Between 25 million and 30 million locked-up SOL coins, priced at $64, were involved. This represents a substantial 63% discount from SOL’s prices at the time, which hovered around $172.
FTX bankruptcy administrators led by FTX CEO John J. Ray III have successfully sold a significant portion of their Solana (SOL) token holdings, raising approximately $1.9 billion for the FTX estate.
According to a Friday report by Bloomberg, this sale stemmed from the collapse of the FTX crypto exchange and its sister firm, Alameda, in 2022. Between 25 million and 30 million locked-up SOL coins, priced at $64, were involved. This represents a substantial 63% discount from SOL’s prices at the time, which hovered around $172.