Tue, June 25, 2024

Bitcoin trading

Bitcoin

Bitcoin Exchange Reserves at 3-Year Low in June 2024

Quick Look: Approval of Bitcoin ETFs in January 2024 has led to significant institutional accumulation, reshaping market dynamics. May 2024 saw $2 billion in digital asset fund inflows, primarily driven by BTC investments. Bitcoin’s price fell to $65,487 in June 2024, influenced by ETF net outflows and broader market shifts. Bitcoin exchange reserves have reached …

Bitcoin Exchange Reserves at 3-Year Low in June 2024 Read More »

Tether and a New York appeals court

Tether Introduces aUSDT, 75% Gold-Backed Synthetic Dollar

Quick Look: Tether’s new synthetic dollar, aUSDT, represents a strategic push into tokenization. XAUT overcollateralizes AUSDT to ensure security and stability on the Ethereum-based Alloy platform. Oversight by Moon Gold entities and El Salvador’s CNAD ensures regulatory compliance and integrity. Tether, a prominent name in the cryptocurrency world, has unveiled its latest financial innovation: a …

Tether Introduces aUSDT, 75% Gold-Backed Synthetic Dollar Read More »

A New Jersey judge and Colorado-based firm

Riot Platforms and Bitfarms Clash Amid $950M Acquisition

Quick Look: Bitfarms adopted a poison pill strategy to defend against Riot Platforms’ hostile takeover attempts. Riot proposed an unsolicited $950 million offer to acquire Bitfarms, which was rejected. Riot’s share price dropped by 35%, while Bitfarms’ fell by 19% due to acquisition uncertainties. Riot increased its stake in Bitfarms to 13.1% and called for …

Riot Platforms and Bitfarms Clash Amid $950M Acquisition Read More »

bitcoin

Bitcoin Ends at $69,570 After 0.16% Decline

Quick Look: Bitcoin declined 0.16% on June 10, closing at $69,570, reflecting market volatility and economic factors. U.S. BTC-Spot ETFs saw $55.4 million in outflows, the first since May, amid speculation on Fed’s interest rate actions. Grayscale Bitcoin Trust, Invesco Galaxy Bitcoin ETF, and Fidelity Wise Origin BTC Fund faced significant outflows. In the latest …

Bitcoin Ends at $69,570 After 0.16% Decline Read More »

bitcoin

Michael Saylor: Bitcoin’s Vision and MicroStrategy Moves

Quick Look: Michael Saylor’s Statement emphasized Satoshi Nakamoto’s role in revolutionizing digital finance through Bitcoin. Nakamoto’s Vision introduced BTC as a decentralized, peer-to-peer cash system, reshaping financial transactions. Analyst Ali identified a critical support range for BTC’s price stability between $69,380 and $67,350. Michael Saylor, the chairman of MicroStrategy, recently made a significant statement regarding …

Michael Saylor: Bitcoin’s Vision and MicroStrategy Moves Read More »

FTX, robinhood, zksync

Robinhood’s $200M Acquisition of Bitstamp for Global Expansion

Quick Look: Robinhood acquires Bitstamp for $200 million in an all-cash deal, closing in H1 2025 pending approval. The acquisition aligns with Robinhood’s international expansion and diversification into institutional business. Bitcoin surged over 60% in 2024; Robinhood’s crypto revenue tripled in Q1 2024 despite regulatory challenges. Robinhood has announced the acquisition of Bitstamp for $200 …

Robinhood’s $200M Acquisition of Bitstamp for Global Expansion Read More »

bitcoin concept netcoins, altcoin

Uniswap Price Surges 20%: Major Rally Ahead?

Quick Look: Price Surge: Uniswap (UNI) surged over 20%, breaking the $10.50 resistance above $11.20. Key Resistance: Immediate resistance at $11.55, with targets at $12.00, $12.20, $12.50, and $13.50. Market Impact: Broader market gains; Bitcoin above $71,000, notable moves in BNB and STRK. Uniswap Labs Post: Speculation over a Uniswap Labs post boosted UNI’s price. …

Uniswap Price Surges 20%: Major Rally Ahead? Read More »

Polkadot, DOT

Polkadot Projected to Hit $9.12 by June 9, 2024

Quick Look: Market Overview: The global cryptocurrency market cap is $2.7 trillion, with Bitcoin trading at $69,000. DOT Price Performance: Polkadot has declined by 38.8% from its March 2024 high, currently priced at $7. Future Projections: CoinCodex predicts a rise to $9.12 by June 9, 2024, and potentially $20.43 by month’s end. As we enter …

Polkadot Projected to Hit $9.12 by June 9, 2024 Read More »

Broker News

UP Fintech’s Q1 2024 Revenue Up by 19%, Profits Double

UP Fintech Holding Limited announced its unaudited Q1 2024 financials, ending March 31. CEO Wu Tianhua revealed a 19% year-over-year revenue rise, reaching $78.9 million. Net income attributable to UP Fintech’s ordinary shareholders rose to $12.3 million, showcasing a solid performance in Q1. Non-GAAP net income hit $14.7 million, reflecting financial strength and efficiency. UP …

UP Fintech’s Q1 2024 Revenue Up by 19%, Profits Double Read More »

SHIB

Shiba Inu’s 13.2% May Growth and June Milestone Potential

Quick Look: Market Performance: Shiba Inu rose by 13.2% in May, contrasting with a 15.4% drop last year. Token Burn Event: On June 4th, a 16,600% surge in token burn rate, burning 21.5 million SHIB. Current Price: As of June 4th, SHIB’s price is $0.00002392, with a market cap of $14.09 billion. Price Projections: Key …

Shiba Inu’s 13.2% May Growth and June Milestone Potential Read More »

blackrock

BlackRock’s $20B IBIT is World’s Largest Bitcoin ETF

Quick Look: BlackRock’s iShares Bitcoin Trust (IBIT) surpasses Grayscale’s Bitcoin Trust (GBTC), holding over $20 billion in assets. IBIT manages 288,670 Bitcoin and saw significant inflows, outpacing GBTC’s 287,450 Bitcoin with $19.7 billion in assets. BlackRock integrates IBIT into major funds, reflecting strong institutional demand for Bitcoin exposure. BlackRock’s iShares Bitcoin Trust (IBIT) has emerged …

BlackRock’s $20B IBIT is World’s Largest Bitcoin ETF Read More »

Advanced trading tools

Advanced Futures Trading: A Comprehensive Guide

Futures trading represents an intricate yet highly rewarding segment of financial markets, offering traders and investors unique opportunities to speculate and hedge. This article aims to demystify futures trading by exploring its definition, types, key takeaways, mechanics, and differences from options. Definition of Futures Trading Futures are binding contracts that oblige the purchase or sale …

Advanced Futures Trading: A Comprehensive Guide Read More »

cryptocurrency - avalanche, celestia and others, mog coin, netcoin

Notcoin Surges 500%, Market Cap Hits $941 Million

Quick Look: Notcoin launched on 16th May 2024, trading at $0.009 with a market cap of $941M, ranked 94th. In the last 24 hours, Notcoin surged 38% to $0.009687 and 500% over the past week, with predictions of reaching $0.01 to $0.03. Community-driven initiatives like airdrops and marketing strategies have significantly boosted Notcoin’s value and …

Notcoin Surges 500%, Market Cap Hits $941 Million Read More »

Broker News, asml, marathon

Marathon Digital Sees 5.6% Stock Rise, Mixed Analyst Reviews

Quick Look: Marathon Digital’s shares rose by 5.6% to $21.21, with reduced trading volume at 46.6M shares. Analysts showed mixed views, with price targets ranging from $16.50 to $27.00. EPS was -$0.02, missing estimates; revenue surpassed expectations at $156.77M. Marathon Digital Holdings (NASDAQ: MARA) experienced a notable uptick in its stock performance, with shares rising …

Marathon Digital Sees 5.6% Stock Rise, Mixed Analyst Reviews Read More »