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Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.

Fear Dominates Bitcoin and Crypto Markets
Fear Dominates Bitcoin and Crypto Markets

Cryptodnes·2024/07/08 15:43
German government continues to transfer thousands of bitcoins to exchanges and market makers
German government continues to transfer thousands of bitcoins to exchanges and market makers

Quick Take The German government transferred 133.722 bitcoins to market maker Cumberland DRW before sending 150 coins to crypto exchange Kraken and 1,000 coins to the B2C2 Group. It also transferred 300 bitcoins to Coinbase, 300 bitcoins to Bitstamp and 1,000 bitcoins to market maker Flow Traders.

The Block·2024/07/08 14:22
Metis co-founder's ZKM plans to launch Bitcoin Layer 2 GOAT Network
Metis co-founder's ZKM plans to launch Bitcoin Layer 2 GOAT Network

Quick Take ZKM has unveiled its Bitcoin Layer 2 solution, GOAT Network, set to launch later in Q3. GOAT Network has secured 5,000 BTC in commitments from institutional node operators to date, with plans to open a Series A fundraising round soon.

The Block·2024/07/08 13:16
98% of Altcoins Have Peaked, Meme Coins Could Be Future High Performers
98% of Altcoins Have Peaked, Meme Coins Could Be Future High Performers

Andrew Kang warns against early buying during downward trends, noting deeper, longer corrections after market structure breaks.

Cryptopotato·2024/07/08 12:58
Golem sends over $100 million worth of ETH to exchanges in the past month
Golem sends over $100 million worth of ETH to exchanges in the past month

Quick Take Golem has sent over $100 million in ether to various exchanges over the last month. The amount sent represents a significant portion of their remaining reserves of around 126,000 ETH.

The Block·2024/07/08 12:34
Flash
  • 04:52
    Citibank: Traders are not focused on the election, but on the US economy and earnings season
    Citigroup analysts suggest that elections often have a significant impact on market trends before voting, but traders seem to be more focused on other things this year. Analysts point out that several market indicators that usually appear before the U.S. election are noticeably calm this year, indicating concerns about the election's impact on the market may be less than in previous years. They believe traders are not focusing on the election, but rather on the U.S. economy and earnings season. Analysts say strong performance of U.S. stocks in weeks leading up to Election Day could likely be driven by robust conditions of the American economy rather than investors positioning themselves in "Trump trades" or "Harris trades". However, they note as with previous years, it is very possible for stock markets to rebound after an election. They suggest due to most companies reporting solid performances during recent earnings seasons, current market positions will likely cause a stock market rebound following November 5th voting and possibly reach new highs within the new year.
  • 04:48
    Analysis: The options market predicts that the expected fluctuation range will reach around 8% on the day after the US presidential election
    Bitcoin speculators are preparing for potential significant market fluctuations following the U.S. election on Tuesday, said Caroline Mauron, co-founder of crypto derivatives liquidity provider Orbit Markets. The options market also indicates that the expected volatility on the day after voting will reach about 8%, while the usual rise or fall is usually 2%. However, she also pointed out that after November 7th, there was no significant volatility premium in the market, indicating that the market expects election results to come out quickly. Analysis says Trump leads Harris in prediction markets which helped Bitcoin hit a record high a week ago but his odds have since fallen causing Bitcoin prices to drop. In the final round of US voter intention surveys, there were some signs favoring Harris.
  • 04:45
    Mining company Bitfarms produced 236 BTC in October and sold 194 BTC in the same month
    According to Bitfarms' latest announcement, the company mined 236 BTC in October 2024, a month-on-month increase of 9% but a year-on-year decrease of 41%. It sold 194 BTC that month, earning $13 million in revenue and increasing its Bitcoin holdings from 1147 to 1188. Bitfarms' computing power reached 11.5 EH/s this month, an annual increase of 83%. In addition, under the custody agreement with Stronghold Digital Mining, a total of 20,000 mining machines will be deployed supporting approximately four EH/s of computing power and are expected to go online in batches over the next few months.
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