Bitcoin price data makes a strong argument for why the current price range is a buy-the-dip opportunity.
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Most traders are unlikely to strike it rich off of memecoins, but it won’t be for a lack of trying.
In the past 24 hours, the memecoin trading platform Pump.fun has brought in around $500,000 in revenue, per DeFiLlama. For context, that’s nearly double Ethereum’s dominant decentralized exchange, Uniswap, and the second highest for protocols writ large — trailing only Ethereum.
Pump.fun lets so-called developers launch tokens without seed liquidity for…
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Crypto traders express optimism about Pepe PEPE/USD despite a recent pullback, with some anticipating a powerful move towards all-time high levels.
What Happened: Cold Blooded Shiller described Pepe as one of the strongest markets on the high time frame (HTF) and plans to hold the current flip, eyeing a challenge to the ATH zone. He sees “Some very good levels for fresh set ups along the way as well.”
Davie Satoshi reiterated the bigger inverse head and shoulder pattern on the PEPE chart, suggesting a potentially powerful move if it follows through.
Also Read: Dogecoin Is ‘Primed For Higher’ But Pepe Is ‘On A Moon Mission,’ Exclaims Trader
Why It Matters: IntoTheBlock data shows…
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Canaan Inc., a pioneer in ASIC high-performance computing chips since 2013, has announced the launch of its latest bitcoin mining machine, the Avalon A15 series model A1566. This new model boasts impressive energy efficiency, with an 18.5J/T ratio, powered by a 185T hashing capability and 3420W power consumption. The release marks a significant step in Canaan’s ongoing commitment to leading technological advancements in the blockchain sector.
The company highlights that this series is the result of intensified efforts in product development and market research, as well as strengthened collaborations with key partners. According to Canaan, these enhancements are crucial in maintaining high performance and resilience in mining solutions, especially significant in the challenging post-halving era.
Canaan asserts that the Avalon A15 series will notably increase profitability for users, thereby reinforcing the company’s dedication to fostering innovation within the blockchain industry. This development is expected to have a positive impact on the cryptocurrency mining community, encouraging more efficient and profitable mining operations.
BIGCAP COINS:
- Pepe: Market Cap of $3.5 Billion.
- Bitcoin: Market Cap of $1.2 Trillion.
- Render: Market Cap of $4.3 Billion.
MIDCAP COINS:
- Jupiter: Market Cap of $1.4 Billion.
- Playbux: Market Cap of $8.1 Million.
- Panda Swap: Market Cap of $8.2 Million.
RISING COINS:
- Grok: Market Cap of $79.1 Million.
- Apu Apustaja: Market Cap of $261 Million.
- Andy: Market Cap of $61.6 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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Best-selling sci-fi author David Brin says AIs could be made to police each other under threat of losing blockchain-based registration.
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Ethereum co-founder Joseph Lubin says the SEC is engaging in strategic enforcement action instead of engaging in meaningful discourse with the cryptocurrency industry.
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This marks the first period of Ethereum becoming inflationary in the past year and a half since the Merge took place.
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The European Union is contemplating a significant expansion in its financial landscape, exploring the possibility of integrating cryptocurrencies into its €12 trillion ($12.8 trillion) investment product market. The European Securities and Markets Authority (ESMA) has solicited feedback from industry experts on incorporating various asset classes, including crypto assets, into Undertakings for Collective Investment in Transferable Securities (UCITS). This move aligns with global shifts, as seen with the recent approval of Bitcoin spot ETFs in the U.S. and Hong Kong.
UCITS, a major component of Europe’s investment framework, typically includes mutual funds and ETFs aimed at safeguarding investor interests through regulated, diversified portfolios. Current EU regulations prevent standalone crypto funds, but the proposed change could allow a blend of crypto assets within the UCITS structure, broadening the horizon for traditional investors.
With a deadline set for August 7 for expert opinions, the inclusion of crypto assets could position UCITS at the forefront of mainstream, diversified investment funds. This potential pivot towards crypto comes amidst the EU’s proactive stance on stringent crypto regulations, ensuring a balanced approach to innovative investment opportunities and consumer protection.
Many Americans got their first glimpse behind the machine learning curtain when details of Amazon’s “Just Walk Out” technology went public. Instead of pure technology tallying up customers’ purchases and charging them when they left the store, the sales were manually checked by about 1,000 real people working in India.
But these workers were the human-half of what most AI really is — a collaboration between reinforcement learning and human intelligence.
The human element tends to be ignored in discussions of AI safety, which is a little disturbing given how much of an impact AI will likely have on our job markets and ultimately our individual lives. This is where…
Read more on Blockworks