This week has been a tumultuous period across the crypto space as most altcoins continued to turn weak. Matic decreased by 3% since yesterday and is now looking weak daily, gathering momentum for a breakdown. Last month’s trading saw Matic through a small bounce (at $0.42) after reinitiating drops in the preceding month. That bounce […]

Polymarket, the cryptocurrency-based prediction markets platform, has not been able to resolve the bet on the outcome of the Venezuelan presidential election. While the country’s electoral authority, the Electoral National Council (CNE), proclaimed President Nicolas Maduro as the winner, the opposition forces contested the election. This is due to the lack of a complete breakdown […]

Extreme skepticism of Ethereum (ETH) critics made seasoned researcher double his bet on Ether

Company Name: Theya Founders: Sriram Bhargav Karnati, Smeet Bhatt and Vikas Choudhary Date Founded: December 2022 Location of Headquarters: San Francisco, CA Amount of Bitcoin Held in Treasury: “It’s significant.” Number of Employees: 7 Website: https://www.theya.us/ Public or Private? Private Sriram Bhargav Karnati believes that top-notch security and usability are not mutually exclusive when it […]

A bill introduced yesterday by Republican Senator Cynthia Lummis aims to establish a US government-owned strategic reserve of one million Bitcoin, around 5% of the total supply. Lummis says establishing a strategic Bitcoin reserve will ensure the US dollar maintains its position as the global reserve currency and will strengthen the US economy. Neither of […]

Major cryptocurrencies are down, with SOL and XRP experiencing significant losses, yet investor sentiment remains neutral. Beam, the crypto of the gaming network Beam, has outperformed, gaining over 13% in a week amid strong gaming crypto narratives. Kaspa defies market trends, achieving new all-time highs and drawing excitement for its rapid block rates and swift […]

PODGORICA, Montenegro (AP) — A Montenegrin appeals court on Thursday upheld a ruling by a lower court to hand over a South Korean mogul known as …

Bitcoin has been on a rollercoaster ride ever since it reached its all-time high (ATH) of $73,737 back in March. However, regardless of that, several analysts and traders in the crypto community remain persistent in their bullish outlook for the asset. An example is Willy Woo, a well-known figure in the crypto sector. Earlier today, […]

The “makenowmeme” account on X purportedly provided a way for X users to create memecoins on Solana with a simple post.

The chief investment officer (CIO) of Bitwise Asset Management Matt Hougan is saying that there’s “big money” coming into the crypto space. In a new interview on the Wolf of All Streets channel, Hougan says that spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) are likely to register massive inflows over the coming months. […]

A Singapore-based crypto exchange is launching a new platform to support up-and-coming digital asset projects. In a new press release, BingX says it’s launching BingX Labs, a new crypto project incubator that aims to help up-and-coming crypto projects with high potential efficiently distribute their tokens. According to the press release, BingX is interested in projects […]

Friday, August 2, will see around 37,000 Bitcoin options contracts expire with a notional value of around $2.4 billion. The options expiry event is smaller than last week’s end-of-the-month event but a little larger than the average expiry. Bitcoin Options Expiry Today’s tranche of expiring BTC derivatives has a put/call ratio of 0.58, which means there […]

Elvira Nabiullina, the governor of the Bank of Russia, declared that she expects the digital ruble, the Russian CBDC, to achieve a high level of acceptance due to the benefits it offers to Russian citizens. During a speech at the Federation Council, Nabiullina stated that it would be widely adopted within five to seven years. […]

MicroStrategy’s Bitcoin holdings are on the rise

MicroStrategy Incorporated (Nasdaq: MSTR) reported its financial results for Q2 2024, revealing an increase in its Bitcoin holdings. The company acquired 12,222 bitcoins since the beginning of the quarter, at an average price of $65,882 per bitcoin, bringing its total holdings to 226,500 BTC, purchased for $8.3 billion at an average cost of $36,821 per […]

TL;DR The price of Kujira token (KUJI) has dropped by 42.68% in 24 hours, standing at $0.5451. The Kujira Foundation is facing a liquidation crisis with $5 million outstanding debt. The team insists that the situation is not comparable to the collapse of Terra, despite speculation. Kujira, a project based on the Cosmos blockchain, is […]

TL;DR Injective’s Altaris upgrade has been approved with high participation from $INJ stakers. Upgrade deployment has begun, please refrain from making any transactions until it is complete. The upgrade includes improvements in scalability, real-world asset integration, and advanced smart contract capabilities. Injective, a layer-1 blockchain focused on DeFi applications, is in the process of implementing […]

BlockDAG CEO’s Sizzling Interview Sparks $1 Million Presale Surge Overnight, Stealing Attention From ARB Whales & TON Price Rally! Recent market trends show Toncoin (TON) struggling to maintain its bullish momentum, with prices hovering around $6.66 due to significant selling pressure. Similarly, Arbitrum (ARB), despite an increasing whale count, faces challenges, trading at $0.73 as […]

Futu Securities International, an online broker in Hong Kong, has introduced retail cryptocurrency trading in the city. The company now allows Hong Kong residents to trade bitcoin and ether directly on its platform using either Hong Kong or US dollars, according to an announcement made today (Thursday). Futu recently received a securities license upgrade from […]

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A closely followed crypto analyst believes that one Ethereum (ETH) competitor is gearing up for a massive breakout. Jamie Coutts, the chief crypto analyst at Real Vision, says that Solana (SOL) is printing a bullish pattern against Bitcoin (BTC) based on the simple moving average (SMA) crossover on the daily chart. “Solana’s relative strength is […]

HodlX Guest Post  Submit Your Post   In 2024, terms like ‘crypto’ and ‘blockchain’ are no longer mere buzzwords – they are integral parts of our digital landscape. Events dedicated to digital assets, such as exhibitions and conferences, are now common worldwide. One such event I attended was the EthCC 2024 (Ethereum Community Conference 2024) in […]

The Federal Reserve has kept the federal funds rate steady at 5.25% to 5.50%. Fed Chair Jerome Powell indicated a potential rate cut in September, influencing market sentiment. Analysts see Powell’s dovish tone as favourable for Bitcoin and altcoins, suggesting shifts in crypto market dynamics. The US Federal Reserve in its latest FOMC meeting has […]

Cryptocurrency prices, including Bitcoin, have fallen, with Bitcoin down 2.6% and trading at US$64,595. Swissblock describes current market conditions as a mix of greed and fear, impacting Bitcoin’s price negatively. Meanwhile, whales are preparing for a new rally, says Ki Young Ju from CryptoQuant. Most major cryptocurrencies have continued on a shaky path booking losses […]

On-chain data shows a particular Bitcoin whale who accumulated almost $400 million between July 30 and 31. This whale is believed to have purchased the flagship crypto, having seen an opportunity to profit massively thanks to Bitcoin’s recent price action.  Bitcoin Whale Purchases Almost $400 Million Worth Of BTC On-chain analytics platform Lookonchain revealed in […]

The New York County District Attorney seized roughly $14,000 that Coin Dispute Network operators allegedly stole from users.

[PRESS RELEASE – Manilla, Philippines, August 1st, 2024] Venom Foundation is proud to announce a historic agreement with the government of the Republic of the Philippines to digitize billions of accountable forms using its advanced blockchain technology. Key Highlights Landmark Opportunity and Global Significance This initiative represents a pivotal milestone for Venom and the broader […]

Hamster Kombat, the popular tap-to-earn game built on the TON network, has announced the release of its whitepaper and an updated development roadmap. Through social media, the project revealed that, due to players’ contributions to its success, it has allocated 60% of its upcoming airdrop for community distribution. Hamster Kombat Updates Roadmap, Discloses Community Distribution […]

Check out the key news over the past day in U.Today’s news digest!

According to Bitcoin Magazine Pro, the 7-day average mining hash rate for Bitcoin has hit a new all-time high, surpassing 667 exahashes per second (EH/s) on July 26th during the Bitcoin 2024 conference. This tops the previous record of 657 EH/s set on May 26th. This new all time high comes as Donald Trump announced […]

CleanSpark (NASDAQ: CLSK), the second biggest Bitcoin (BTC) producer on Wall Street by market capitalization, announced today (Thursday) the execution of 75 megawatts (MW) of power contracts and the acquisition of its first Bitcoin mining site in Wyoming. This move marks an expansion of the company’s operations into a third US state. CleanSpark Expands Bitcoin […]

United States Senator Cynthia Lummis has introduced new legislation aiming to establish Bitcoin as a strategic asset for the federal government.