Hats Finance, a community-focused audit platform that enables permissionless on-chain competitions and bug bounties has joined the Cointelegraph Accelerator program.
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- Crunch
- Global
Trading volumes on CEXs have somewhat subsided after topping $9 trillion in March.
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BIGCAP COINS:
- Pepe: Market Cap of $6.0 Billion.
- Bitcoin: Market Cap of $1.3 Trillion.
- Toncoin: Market Cap of $17.4 Billion.
MIDCAP COINS:
- Notcoin: Market Cap of $2.1 Billion.
- Gorilla: Market Cap of $5.1 Million.
- Apu Apustaja: Market Cap of $197 Million.
RISING COINS:
- PeiPei: Market Cap of $28.0 Million.
- Trog: Market Cap of $29.8 Million.
- Non-Playable Coin: Market Cap of $134 Million.
Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.
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Bitcoin is digital gold.
Bitcoin is an inflation hedge.
Bitcoin is money.
Bitcoin is a technology.
Bitcoin is software.
Bitcoin is hope.
Bitcoin is an electrical system.
Bitcoin is a heating system.
The reality is that all of them are wrong, in the sense that all of them are just a partial description of what Satoshi Nakamoto started. That second word, “is,” is where the problem is. Even though Bitcoin is all of them, if you say only one of them, you are limiting your understanding of it. The only true answer: Bitcoin is Bitcoin. We have to realize all the properties that Bitcoin has and describe it as such without putting a limit on it. Because the person who says Bitcoin is an inflation…
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Marathon Digital sold a large chunk of its Bitcoin production in May as miners adjust operations after the halving event.
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Recent data from IntoTheBlock reveals a significant shift in the Bitcoin landscape. Since mid-March, large-scale holders, often referred to as “whales,” have been increasing their stakes in Bitcoin. These investors, who hold over 1,000 BTC each, are now a dominant force in the market.
The cumulative holdings of these large addresses have surpassed the 40% threshold of the total Bitcoin supply. This marks a notable concentration of Bitcoin in the hands of fewer, albeit larger, investors.
This trend underscores a growing confidence among major stakeholders in the potential long-term value of Bitcoin. As these substantial players continue to accumulate more Bitcoin, their influence over the market’s dynamics and future direction strengthens, hinting at a bullish outlook for the cryptocurrency’s ecosystem.
The SEC Chair spoke on CNBC on June 5, suggesting the commission could delay approving S-1 registration statements for exchanges listing spot Ether ETFs.
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Founders: Sam Means and Michael Rhee
Date Founded: 2022
Location of Headquarters: Chicago,IL; New York, NY and Phoenix, AZ
Amount of Bitcoin Held in Treasury: N/A
Number of Employees: 3
Website: https://wavlake.com/
Public or Private? Private
Sam Means is bringing the DIY spirit of punk rock to Bitcoin.
Means, co-founder of Wavlake, a music streaming platform that employs both Bitcoin’s Lightning Network and Nostr, has been innovating in the music industry since the early 2000s. From promoting local shows to helping manage his own band as it toured the world to running a major artist merchandise business, Means has put in the work and learned more than a handful of lessons along the way.
Now,…
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A Japanese crypto exchange plans to pay back victims of a recent unauthorized leak in the coming days via raising capital.
DMM Bitcoin reiterated in a translated post that it would make available the entire amount of customer-held bitcoin lost in the leak “with support from our group companies.”
The company took out a loan worth $32 million, or five billion yen, on Monday.
Read more: Japanese crypto exchange reports bitcoin theft worth $305M
DMM Bitcoin noted it planned to raise $310 million (48 billion yen) on June 7. It then seeks to secure an additional roughly $13 million (two billion yen) in subordinated debt on June 10.
The update comes about a week after DMM Bitcoin…
Read more on Blockworks
The cryptocurrency market has seen significant fluctuations since reaching all-time highs (ATH), with various leading coins currently trading below their peak prices.
Bitcoin (BTC), the largest cryptocurrency by market cap, is now trading at $71K, down -3.7% from its ATH of $73,737.94. Ethereum (ETH), the second-largest, has seen a more considerable drop, trading at $3,808.13, which is -21.9% below its ATH of $4,878.26.
Binance Coin (BNB) shows minimal decline, currently priced at $699, just -1.6% off its ATH of $710.86. However, XRP has faced a substantial decrease, trading at $0.5269, -84.5% lower than its ATH of $3.40.
Dogecoin (DOGE), popularized by high-profile endorsements, trades at $0.1628, a -77.8% decline from its ATH of $0.731578. Other notable cryptocurrencies like Cardano (ADA) and Polkadot (DOT) have also experienced significant declines, with ADA trading -85.1% and DOT -86.9% from their respective ATHs.
Toncoin (TON) is currently priced at $7.23, down -6.9% from its ATH of $7.76, showing relatively less volatility compared to other major cryptocurrencies.
These figures reflect both the volatility of the market and the shifting dynamics within the digital asset space, crucial for investors to consider as they assess the potential for recovery and future growth in their cryptocurrency investments.
Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.
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