Ethereum’s price stands at $3,311, with a market capitalization of $404 billion. The 24-hour intraday trading range has fluctuated between $3,277 and $3,500, while the 24-hour trade volume has reached $16.82 billion. A technical analysis across various timeframes highlights significant bearish indicators. The confluence of oscillators and moving averages suggest a continuation of the downward […]
https://news.bitcoin.com/ethereum-technical-analysis-eth-faces-bearish-sentiment-amidst-continued-downtrend/

Pantera Capital has dubbed Solana the "Mac OS of blockchains," citing its architecture advantages and increased retail adoption akin to Apple's impact on the PC market 👀

Over the past week, bitcoin has slid 6.6% while ethereum has lost 5.5% against the U.S. dollar, but a large handful of alternative digital assets saw much bigger losses this past week. The meme coin dogwifhat (WIF) was the week’s biggest loser shedding 31.2% while notcoin (NOT) lost 24.3% this week. Cryptocurrency Meltdown: Broad Losses […]
https://news.bitcoin.com/week-of-woe-major-crypto-assets-suffer-some-ai-coins-buck-trend/

In a crypto market filled with meme coins, one dog-themed token is turning heads (and filling wallets). PlayDoge (PLAY), the virtual pet sensation, has just passed the $5 million mark in its ICO. And early investors are now wondering if they’ve stumbled on the next big thing in crypto gaming. PlayDoge Revives Virtual Pets Using […]
https://news.bitcoin.com/new-meme-coin-to-watch-hype-builds-over-playdoge-as-ico-crosses-5m-milestone/

Crypto payments gateway solution Transak has teamed up with Privado ID to launch a new “Reusable KYC” service aimed at improving the decentralized identity verification process. This collaboration introduces a novel method that promises to maintain user privacy without compromising on regulatory standards. Transak and Privado ID Team Up to Simplify KYC According to the […]
https://news.bitcoin.com/transak-and-privado-id-announce-partnership-to-enhance-decentralized-kyc-procedures/

While U.S. federal regulators, including the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve, have identified concerns with the crisis management tactics of four banks, in a recent interview with Kitco, market strategist Gareth Soloway expressed concerns. Soloway suggests something is “amiss” in the U.S. banking sector and claims that major banks are shedding […]
https://news.bitcoin.com/analyst-warns-of-us-banking-sector-troubles-foresees-stock-market-and-bitcoin-slide/

The directors of Tokyo-based investment and consulting firm Metaplanet Inc. have approved the company’s proposal to purchase Bitcoin worth $6.25 million using bond proceeds. Metaplanet clarified that the acquired cryptocurrency will be recorded at its acquisition cost for long-term holdings. The company’s stock has surged by almost 500% since the beginning of the year. Valuation […]
https://news.bitcoin.com/metaplanet-directors-approve-btc-acquisition-plan-companys-stock-up-by-nearly-500-ytd/

Bitcoin’s price fell beneath the $60,000 mark on Monday, declining over 6% against the U.S. dollar. At 1:30 p.m. EDT on June 24, the currency’s price hit an intraday low of $59,809 per coin. Bitcoin Struggles Against Bearish Market, Slides to Near $60K Level This Monday proved tumultuous for bitcoin (BTC), as its price dipped […]
https://news.bitcoin.com/heavy-sell-off-sees-bitcoin-drop-below-60k-over-140m-in-btc-longs-liquidated/

Bruno Vaccotti, Head of Public Affairs of Penguin, a bitcoin mining company, has referred to the existence of what he called “vulture contracts,” and its effects on developing mining operations in Paraguay. Vaccotti stated that large amounts of energy have been assigned through these contracts that have not been taken advantage of and are blocked […]
https://news.bitcoin.com/insider-vulture-contracts-affecting-bitcoin-mining-development-in-paraguay/

As digital asset markets continue to navigate turbulence, the latest report from Coinshares outlines significant capital outflows, marking a stark shift in investor sentiment. Authored by lead analyst James Butterfill, the findings highlight a consecutive week of outflows totaling $584 million, suggesting a cautious outlook on the prospects of interest rate cuts this year. Coinshares […]
https://news.bitcoin.com/market-turbulence-continues-as-crypto-outflows-reach-1-2-billion/

Kaiko, a leading cryptocurrency market data analytics firm, has found that cryptocurrency users in Latin America prefer stablecoins over bitcoin. In its most recent Latam market report, issued in June, Kaiko determined that 40% of the trading volumes involved Tether’s USDT. This preference exists even though Bitcoin’s proposition includes protection against the currency debasement processes […]
https://news.bitcoin.com/kaiko-research-latam-crypto-traders-prefer-stablecoins-over-bitcoin/

Former Boston Fed President Eric Rosengren has outlined the potential for two interest rate cuts this year. He cited recent Federal Open Market Committee (FOMC) discussions and stabilizing inflation trends. “I am expecting we’ll probably get some more favorable inflation numbers over the next couple of months,” he opined. ‘I Don’t Think We’re Down to […]
https://news.bitcoin.com/former-fed-president-discusses-potential-for-2-interest-rate-cuts-this-year/

Global investment bank JPMorgan has observed a notable surge in investor interest in bitcoin miners after Core Scientific announced it would host 200 MW of GPUs for AI hyperscaler Coreweave. According to JPMorgan, the combined market capitalization of 14 tracked miners has increased by $4 billion since the announcement. This rise occurred even as bitcoin […]
https://news.bitcoin.com/jpmorgan-bitcoin-miners-market-cap-jumps-22-following-ai-hosting-deal/

Rich Dad Poor Dad author Robert Kiyosaki says most people should sell bitcoin now that the price of the cryptocurrency is “crashing.” However, he affirmed that he is waiting to buy more bitcoin, emphasizing that “all markets go up and down.” The famous author noted that his strategy is similar to Berkshire Hathaway CEO Warren […]
https://news.bitcoin.com/robert-kiyosaki-on-bitcoin-crash-most-people-should-sell-hes-waiting-to-buy-more-follow-warren-buffetts-strategy/

Marathon Digital’s CEO has shared his insights on the future of the crypto industry and the potential impact of the upcoming presidential election. The executive observed that the Biden administration has historically been hostile to bitcoin and crypto through its various agencies. However, he noted a recent shift in its stance, likely due to the […]
https://news.bitcoin.com/crypto-industry-future-insights-from-marathon-digitals-ceo-on-trump-and-biden/

Wikileaks founder Julian Assange has been released from prison after serving five years, following a plea agreement with the U.S. Department of Justice (DOJ). “This is the result of a global campaign that spanned grass-roots organizers, press freedom campaigners, legislators and leaders from across the political spectrum, all the way to the United Nations,” Wikileaks […]
https://news.bitcoin.com/wikileaks-founder-julian-assange-freed-from-prison-set-to-plead-guilty-in-us-deal/

Iran officially unveiled its central bank digital currency (CBDC) on Sunday during a ceremony attended by Central Bank of Iran (CBI) Governor Mohammad Reza Farzin and chief executives of several major banks. This digital currency, issued electronically by the central bank, aims to streamline transactions within the country’s banking system. A pilot project will commence […]
https://news.bitcoin.com/iran-officially-unveils-central-bank-digital-currency-project/

A researcher with the Korean Institute of Finance has warned South Korea against introducing spot cryptocurrency exchange-traded funds (ETFs) because these may pose risks to financial stability. The introduction of spot crypto ETFs could exacerbate the inefficient allocation of resources. Spot Crypto ETFs Cause Inefficient Allocation of Resources Bo-mi Lee, a researcher with the Korean […]
https://news.bitcoin.com/korean-researcher-says-benefits-of-spot-crypto-etfs-are-outweighed-by-potential-harm/

In the rapidly evolving landscape of digital finance, the emergence of crypto assets has introduced unprecedented challenges as well as opportunities for regulators who provide proactive frameworks across the globe. The European Union is the largest government body that has done so through the Markets in Crypto-Assets Regulation (MiCAR), however, it finds itself at a […]
https://news.bitcoin.com/the-two-class-system-of-regulation-plaguing-europe/

Tencent, the Chinese tech giant, was revealed to be participating in the tests that the Chinese institutions have completed using Mbridge, a CBDC-enabled cross-borders settlement platform. Tencent participated through its international settlements arm Tenpay, which piloted the use case of the Chinese CBDC, the digital yuan, to settle e-commerce exports using Mbridge’s rails. Tencent Participated […]
https://news.bitcoin.com/tencent-tests-use-cases-for-trading-settlements-using-digital-yuan-and-mbridge/