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Bitcoin’s stall despite a recent wave of positive crypto news is a cause for concern, one observer said.
The possibility the SEC will approve the conversion of GBTC into an ETF is playing a role, according to analysts.
While overall bitcoin and ether price performance have been strong in 2023, it’s largely been a first quarter story
The Tesla CEO and Twitter owner has been known on occasion to playfully talk about his fondness for the memecoin.
The latest price moves in crypto markets in context for July 19, 2023.
The burned tokens are now permanently destroyed, which makes circulating tokens more valuable if demand increases.
Open interest on XRP-based futures contracts crossed the $1.1 billion mark in the past 24 hours.
The balance held in wallets tied to centralized exchange has surged by 50% in three days, per Glassnode data.
Ether posted nominal gains in the past 24 hours alongside the broader market.
ProShares’ Bitcoin Strategy ETF (BITO) has hit an all-time high bitcoin equivalent exposure of 4,425 BTC.
- 09:01Brazil to Hold First Hearing on Establishing a National Strategic Bitcoin Reserve TomorrowAccording to a report by Jinse Finance, @pete_rizzo stated that Brazil will hold its first hearing on establishing a national strategic Bitcoin reserve tomorrow.
- 08:32Diverging Expectations for Fed Rate Cuts: Perspectives Ahead of the Jackson Hole SymposiumAccording to a report by Jinse Finance, investment banks are showing clear divisions in their expectations for rate cuts at the upcoming Jackson Hole meeting. State Street Global Advisors anticipates that Powell may pave the way for a rate cut in September, while ANZ believes he may hint at a return to rate normalization. UBS thinks Powell is likely to favor a September rate cut, and Russell Investments points out that the cut could be 25 basis points. ING notes that concerns among Federal Reserve officials about the labor market may lead to a more dovish stance. Bank of America remains skeptical about a rate cut, suggesting that Powell will have an opportunity to clarify his position at the meeting.
- 08:27BTFS Community Releases BTIP-104 Proposal Introducing New File Storage Renewal FeatureAccording to ChainCatcher, official sources report that BTFS, the distributed storage network under TRON, has officially launched the BTIP-104 proposal, which innovatively introduces both automatic and manual file storage renewal features. The BTIP-104 proposal allows users to set up automatic renewals by uploading parameters, or to manually extend file storage periods using CLI commands, eliminating the need for repeated uploads. This upgrade will significantly enhance user experience, effectively reduce network bandwidth consumption, and provide a reliable solution for long-term file storage needs. The proposal is currently in the conceptual stage, and community members are invited to participate in discussions on GitHub to help refine this important feature.