Donald Trump Considering Jamie Dimon for US Treasury Position Donald Trump, former United States president and current Republican ticket nominee, mentioned in a recent interview his consideration of Jamie Dimon, CEO of JP Morgan, for the cabinet position of Secretary of the Treasury. Trump also expressed his intention to retain Jerome Powell as the Federal […]
Bitcoin L2s help crypto miners in Asia supplement income with staking Bitcoin L2s remain crucial to the Asian crypto ecosystem, offering miners new revenue streams after the most recent halving. One crypto narrative that has garnered significant traction across the Asian technological landscape is the rise of Bitcoin layer-2 (L2) solutions. Chinese miners are still […]
Mt. Gox Bitcoin Distribution and Whale Accumulation Bitcoin whales are continuing to accumulate Bitcoin despite potential sell pressure from Mt. Gox creditors. Over one-third of the Bitcoin owed to Mt. Gox creditors has been distributed already. Large Bitcoin holders are unfazed and are still accumulating Bitcoin. Crypto investors are concerned about the sell pressure that […]
Arthur Hayes’ Maelstrom announces Bitcoin grant program of up to $250K per developer The new Bitcoin grants program could invite more innovation for Bitcoin-native DeFi, or BTCFi. Maelstrom fund has announced a new Bitcoin grant program to advance the technical development of the world’s first blockchain network. BTC grant program offering developers grants between $50,000 […]
BlackRock’s IBIT draws $260M as Bitcoin ETFs notch 8th day of inflows United States spot Bitcoin ETFs notched $422.5 million of net inflows on Tuesday, marking their strongest trading day in more than a month. BlackRock’s iShares Bitcoin Trust gathered $260 million from Bitcoin investors on July 16, contributing more than half of all net […]
Traders eye $71.5K Bitcoin price as open interest jumps 13% Bitcoin may be gearing up to move above $70,000 now it has reclaimed a critical level that traders have been closely watching for the past two months. Bitcoin could be headed toward the $71,500 mark after breaching the $65,000 price point on Tuesday, based on […]
Analysis of Bitcoin Whales Amid Mt. Gox FUD CryptoQuant CEO Ki Young Ju believes that Bitcoin is still susceptible to “speculative FUDs,” allowing savvy investors to acquire Bitcoin at discounted prices. The impact of Mt. Gox’s repayments on Bitcoin is overestimated. Whales are likely to capitalize on the situation to accumulate more BTC at lower […]
Bitcoin Price Rally Explained Bitcoin price recently surged to $65,000, a significant milestone that caught the attention of many market participants. This remarkable rally was primarily fueled by a unique set of circumstances that led to a temporary shortage of sellers in the market, according to Glassnode data. Key Factors Contributing to the Rally: German […]
Bitcoin Traders See Bright Future with BTC Above $65K Multiple indicators suggest a bullish trajectory for Bitcoin following recent price movements. Bitcoin price surpassed $65,000 on July 16, driven by positive market sentiment. Concerns about a potential drop to $58,000 persist as Mt. Gox transfers large amounts of BTC. Despite challenges, experts remain optimistic about […]
Kraken informs users about Mt. Gox reimbursement funds Mt. Gox, which collapsed in 2014, has started reimbursing affected parties in Bitcoin and Bitcoin Cash. Kraken users received an email from the exchange regarding the receipt of Mt. Gox reimbursement funds. Funds will be distributed within seven to fourteen days. Arkham Intelligence flagged a transfer of […]
