Biden Likely to Win Popular Vote, but Not Presidency, Prediction Market Signals
Plus: $DJT believers dispute the resolution of a Polymarket bet, insisting the "preponderance of evidence" shows Barron Trump's involvement.
Posts published on June 24, 2024 go to media archive 3/4
Analyst Warns of US Banking Sector Troubles, Foresees Stock Market and Bitcoin Slide
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…
Ethereum Set For $5,000? ETH Open Interest Expanding On CME Ahead Of Spot ETFs Trading
Ethereum is tracking lower when writing, sinking roughly 18% from March 2024 highs. Even though bears appear to be in control at spot rates, keeping the second most valuable coin below $3,700, confidence is high among analysts. ETH Futures Open…
MetalCore Closed Beta 3 introduces NFTs and Web3 integration
MetalCore’s CB3 launches on June 27. It integrates NFTs and SHARDS, a new offchain currency, and aims to appeal to both Web2 and Web3 gamers.
4-week correction for Bitcoin? Mt. Gox, Germany gov't add sell-pressure
Bitcoin price risks a potential fall below $60,000, due to Mt. Gox repayments and Germany's government selling its 50,000 BTC.
The Internet of Things Is Still Broken (But DePIN Can Fix it)
Manufacturers have struggled to make services for smart devices profitable, leading to problems for consumers. But these machines could be corralled to create blockchain-linked decentralized cloud infrastructure, says E&Y’s Paul Brody.
Riot seeks three Bitfarms board members, says it holds 14.9% stake
The mining firm said it intended to replace Bitfarms board members — including its interim CEO — with three people “completely independent” of both companies.
Hut 8 Receives $150M Investment as Thirst for Energy Brings AI Firms to Bitcoin Miners
The funding came from Coatue Management, which is also an investor in CoreWeave, a cloud-computing firm looking to take over miner Core Scientific.
Transak and Privado ID Announce Partnership to Enhance Decentralized KYC Procedures
New Meme Coin to Watch: Hype Builds Over PlayDoge as ICO Crosses $5M Milestone
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…
Jump's Kariya, Who Went From Intern to Crypto Leader, Is Leaving Trading Giant
The Wormhole hack and Terra/Luna blowup happened while he ran Jump's crypto operation.
Bitcoin Price Crashes Below $61,000: The Main Reasons
In the last 24 hours, the Bitcoin (BTC) price fell by up to 4.8%, plummeting to a new low of $60,601 after trading above $64,000 just a day earlier. This decline can be attributed to a combination of factors, including developments from the Mt. Gox…
DONOR TO ANTI-BITCOIN REP. BRAD SHERMAN COORDINATES WITH CHINA'S "MAGIC WEAPON" TO INFLUENCE US POLITICIANS
In 2018, one of the largest donors to Rep. Brad Sherman's campaign was a bank director who had spent large sums of money to build political influence among American politicians — and who led a US-registered non-for-profit that "signed a MOU of…
Bitcoin Lightning Alliance To Accelerate Adoption Using New Asset Protocol
A new collaborative effort spearheaded by Lightning infrastructure company LNFi intends to accelerate the adoption of the Lightning Network. Leveraging the progress of novel protocols such as Taproot Assets and Nostr, the LN Alliance hopes to…
Tether to Stop Minting Stablecoin USDT on Algorand and EOS
The circulating supply of the dollar-linked stablecoin on the two blockchains represents roughly 0.1% of the total USDT supply.
Bitcoin Miner Riot Platforms Ditches Bitfarms Takeover Bid, Seeks to Overhaul Board
Riot is Bitfarms' largest shareholder, owning 14.9% of the firm.
Nvidia launches in Middle East amid US AI export clampdown: Report
Nvidia partners with Qatari telecom provider Ooredoo to bring advanced AI technology to the Middle East, marking a significant expansion amid U.S. export restrictions.
Over $122M Bitcoin longs liquidated as BTC falls below $61K
The incoming selling pressure from the Mt. Gox repayment could still cause the Bitcoin price to fall below the psychological $60,000 mark.
Week of Woe: Major Crypto Assets Suffer, Some AI Coins Buck Trend
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…
Bitcoin miner Hut 8 lands $150M investment amid AI boom
Coatue Management invested $150 million in the Bitcoin miner Hut 8 Corp. due to its capability to power generative AI applications with its high-performance computing.
Why are traders shorting Michael Saylor’s MicroStrategy?
Short sellers are targeting MicroStrategy stock, but what is the reasoning behind it?
Bitcoin Crash To $61,000 Drives 24-Hour Crypto Liquidations Toward $300 Million
Early on Monday morning, the Bitcoin price crashed another 5% to drop to the $61,000 level. This drop, which was very sudden, has taken investors by surprise, triggering a massive wave of liquidations. As the volume continues to rise, the crypto…
Tether halts USDT minting on Eos and Algorand
Tether discontinues support for the Eos Network and Algorand implementations of its flagship stablecoin USDT.
Ethereum Technical Analysis: ETH Faces Bearish Sentiment Amidst Continued Downtrend
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…
Coinbase is the most impersonated crypto brand by scammers: Report
Although Coinbase continues to be the most impersonated brand in the crypto industry, Meta was targeted by over 25 times as many scammers as the exchange.
First Mover Americas: Mt. Gox Repayments Worsen BTC Woes
The latest price moves in bitcoin (BTC) and crypto markets in context for June 24, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Web3 gaming is ‘rocket ship’ ready to blast off, say industry execs
The Decentralize with Cointelegraph podcast interviews gaming executives from five Web3 projects to learn everything there is to know about blockchain games.
Kenya Concludes Worldcoin Investigation
Kenyan police have reportedly closed their investigation of Worldcoin, allowing the latter to resume its activities in the East African nation. The chief legal officer at Tools for Humanity confirmed that Worldcoin would soon resume registering…
Solana Slides 13% – Can It Recover Despite Analyst’s $1,000 Prediction?
Solana (SOL) has been caught in the crypto current, tossed back and forth by recent market volatility. After an impressive rally earlier in 2024, SOL has dipped by 13% over the past week, leaving investors wondering what lies ahead. Technical…