Author: NBTC
Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter. Howdy! I’m having a lot of fun mining ORE because it’s letting me pretend to be computer-savvy, which I’m definitely not. I would have failed intro to Python in college had the professor not hopped on a Zoom call at 11 pm the night the final project was due to fix my code. He was pretty bad at teaching, but it was a stand-up move to make for some random sophomore, so credit where it’s due. Anyways: ORE lets…
Bitcoin price started a downside correction from the $64,750 resistance. BTC is still above the $62,500 support and might aim for a fresh increase. Bitcoin is consolidating gains below the $63,800 resistance zone. The price is trading below $63,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line with resistance at $63,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if there is a clear move above the $63,700 resistance zone. Bitcoin Price Revisits $62,500 Bitcoin price started a downside correction after it failed to…
According to the weekly update on the performance of Lido Finance, the liquid staking DeFi protocol demonstrated astonishing performance in the last week of September 23-30, 2024. Lido Finance saw an overall rise in the platform’s total value locked (TVL) to $26.080 billion, with a new TVL increase rate of 3.55%. This growth is tied to growth in Ethereum deposits and favourable market conditions surrounding the underlying asset of stETH (staked ETH). Lido Analytics: September 23 – 30, 2024– Lido TVL up +3.55% to $26.08b.– 43,232 net new ETH staked.– 7d stETH APR at 3.11%.– Multichain wstETH up +3.41%.– (w)stETH…
South Korea’s National Pension Service has revealed that it has invested in global crypto exchange Coinbase and IT (information technology) company MicroStrategy, but not for the purpose of investing in ‘virtual assets’. According to the correspondence data received from the National Pension Service by People Power Party lawmaker Baek Jong-heon, a member of the National Assembly Health and Welfare Committee, “Virtual assets such as Bitcoin are not investment targets”. As of March 2024, the National Pension Service held 280,000 shares of Coinbase stock and its market valuation was 100.9 billion Won. Meanwhile, its MicroStrategy’s stock holdings were 200 shares with…
There’s growing speculation that the U.S. Securities and Exchange Commission (SEC) is preparing to appeal the recent ruling in the Ripple lawsuit concerning XRP. This comes after Judge Analisa Torres ruled in favor of Ripple, stating that XRP is not a security when sold to retail investors. Legal experts believe the SEC’s case is weakened by its refusal to call key witnesses. If the court rules in Ripple’s favor, it could reshape how secondary sales of XRP are classified, benefiting Ripple significantly. Even if an error is found, the case could return to Judge Torres, where the SEC might face…
Bitcoin traded above $63,000, experiencing a slight daily decline but a weekly gain, with BTC ETFs seeing significant positive net inflows, indicating a trend towards accumulation. China is reportedly considering a substantial 1 trillion yuan capital injection into its major state banks to bolster the economy, following the People’s Bank of China’s decision to cut the reserve requirement ratio and lower the repo rate. Ether traded above $2,500 with a weekly increase, despite a small daily drop, with its ETFs also showing positive inflows. Meanwhile, WorldCoin’s WLD tokens surged by 14% following expansion announcements and developments at OpenAI. Bitcoin (BTC)…
Rich Dad Poor Dad author Robert Kiyosaki has shared a story involving Iraqi Dinars and an unexpected divine endorsement. In response, the famous author cautioned investors to “be extra careful” about who is giving them investment advice, emphasizing that “even if it is Jesus.” Kiyosaki’s Take on a Strange Investment Pitch Robert Kiyosaki, financial educator and author of “Rich Dad Poor Dad,” warned his followers on social media platform X Monday to be cautious of investment pitches. His book, Rich Dad Poor Dad, co-authored with Sharon Lechter in 1997, has sold over 32 million copies in 51 languages across 109…
Yet another Trump-themed memecoin has soared and cratered—and no, it isn’t officially tied to the actual Trump family. Yet that’s what people seemed to think of the “Restore the Republic” (RTR) token, whose market capitalization ripped to over $100 million within an hour of its launch on Thursday. As of writing, however, its value has plummeted back to $9.2 million, according to DexScreener, which is a more than 90% reversal. Another Solana-based RTR token launched at roughly the same time and followed a similar trajectory, with its total market cap now just $335,000. The emergence of both coins follows cryptic…
Analysts have begun to try to explain the weak performance of HMSTR, the Hamster Kombat official game token, since its token generation event and subsequent airdrop. Neomarkets chief analyst Oleg Kalmanovich assessed that one of the key problems for the projects included the dilution of HMSTR, calling its airdrop a time Ponzi scheme. Hamster Kombat Blasted With Ponzi Scheme Allegations, Could Face Lawsuits Hamster Kombat, one of the most successful games distributed via Telegram, is facing criticism from several analysts who have called the project’s token a Ponzi scheme. The statements come after the token has shed 42% of its…
Bitcoin now trades at a critical juncture as it continues to trend lower while showing signs of potential volatility ahead. In this latest bitcoin price news, veteran trader Peter Brandt pointed out that Bitcoin (BTC) remains in a sequence of lower highs and lower lows. According to Brandt, BTC must close above a key level to reverse this trend and kickstart an uptrend. Lower Highs Dominate BTC Price Action Bitcoin’s daily price chart shows a pattern of descending highs that have dominated price action over the past six months. Bitcoin reached an all-time high of $73,666 in March 2024, which…