Investment advisors are expanding their spot Bitcoin ETF holdings, but Coinbase warns that “large inflows” might not be seen immediately due to the slow summer period in the United States. Investment advisors have ramped up their stakes in spot Bitcoin exchange-traded funds (ETFs) during the second quarter of 2024, while hedge fund holdings have seen…
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If Bitcoin follows the same pattern as previous election years, August will be “nothing crazy,” but a breakout may occur within a month or two, according to a crypto analyst. Bitcoin’s price chart is mirroring patterns seen in previous United States election years, and its recent lack of momentum could be significantly reversed, according to…
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Everything about this DAO is designed to be completely anonymous and invisible on the blockchain, said Bitcoin OG Amir Taaki. A pioneering Bitcoin developer claims to have created the first fully anonymous onchain decentralized autonomous organization (DAO) with a mission to “defend freedom.” In a post on X on Aug. 12, OG Bitcoin developer Amir Taaki unveiled an…
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Bitcoin trading volume and liquidity are being concentrated on weekdays due in part to ETFs and could cause more wild price swings on the weekend. Bitcoin has become more susceptible to wild weekend volatility since the launch of spot Bitcoin exchange-traded funds, according to Kaiko Research. In an Aug. 12 report, Kaiko’s crypto analysts noted Bitcoin’s…
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A panel of three judges has partially reversed a class-action lawsuit that alleged Binance.US and CoinMarketCap manipulated the price of the HEX token. A United States appeals court has partially reversed the dismissal of a proposed class-action lawsuit against Binance.US which alleges the exchange unlawfully manipulated the price of the HEX token. A panel of…
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MicroStrategy’s stock value is up by 1,000% since its first Bitcoin purchase, while Warren Buffett and Berkshire Hathaway have missed the boat. MicroStrategy purchased its first Bitcoin stash on Aug. 10, 2020, becoming the first public-traded company to adopt the cryptocurrency as its primary treasury reserve asset. Four years later, the bold move has evolved…
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Binance has assured its users that their funds are safe after Venezuela cut off access to the exchange and social media platform X. Venezuela’s government has blocked access to crypto exchange Binance, social media platform X and other online services amid unrest over disputed presidential election results. On Aug. 9, local anti-censorship organization VE sin…
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An anonymous user appears to have accidentally spent 34 ETH to transfer a little more than $2,200 in ETH. An unknown crypto user appears to have accidentally spent $90,000 in gas fees in what should’ve been a simple transfer of $2,200 in Ether. The user spent 34.26 Ether — worth $89,200 at current prices —…
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Bitcoin still faces significant resistance at $62,000, and if it breaks, it could liquidate over $845 million of leveraged shorts. Crypto market analysts say the Bitcoin bear trap is officially over. Based on historical chart patterns, they are eyeing the next price breakout. Was the 25% Bitcoin price drawdown a bear trap? A bear trap is a form…
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Surging Ethereum network activity and growing adoption of layer-2 scaling solutions pave the way for an ETH price rally to $3,000. Ether rallied 16.2% on Aug. 8, but struggled to maintain levels above $2,600 on Aug. 9. Despite encountering stronger-than-expected resistance at $2,700, Ether remains well-positioned to extend its bullish trend, supported by a more…
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