Transaction URL: https://etherscan.io/tx/0x79249cf3848fd8280d212f53407bcecdd43ed3427385c2854e49c6e6b0a7908e
- Crunch
- Global
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe.
This week’s FOMC meeting ended as expected Thursday, with central bankers opting to lower interest rates by 25 basis points. President-elect Donald Trump, however, may have been caught off guard by some of Fed Chair Jerome Powell’s comments.
Powell asserted yesterday that he had no intention of leaving his post before his term ends in 2026, even if Trump asks him to step aside.
“No,” Powell said simply when asked during the post-FOMC press conference if he would resign at the new administration’s request.
To be clear, Trump said in June that he would allow Powell —…
Read more on Blockworks
Bitcoin has historically followed a familiar four-year cycle. Now, two years into the current cycle, investors are closely watching patterns and market indicators for insights into what the next two years may hold. This article dives into the anatomy of Bitcoin’s four-year cycle, past market behavior, and future possibilities.
The 4 Year Cycle
Bitcoin’s four-year cycle is partly influenced by the scheduled halving events, which reduce the block reward miners receive by 50% every four years. This halving decreases the supply of new Bitcoin entering the market, often creating supply-demand pressures that can push prices higher.
This can be clearly visualized by the Stock-to-Flow Model,…
Read more on BitcoinMagazine
This is a segment from the Lightspeed newsletter. To read full editions, subscribe.
Two months ago, I reported on some of the woes facing Solana’s smaller validators, which are computer nodes that verify Solana’s ledger is accurate. Solana’s fees and tips were in decline amid apparent fatigue from memecoin traders. In response, the Solana Foundation — the non-profit charged with supporting Solana — set a cap on the commissions that validators could charge while receiving a staking delegation from the foundation, which is a necessity for some small validators.
Most crucially, the price of SOL was languishing, limiting upside for validators’ biggest potential…
Read more on Blockworks
Follow Frank on X.
Now that Trump has been elected, Bitcoin enthusiasts and companies alike are more optimistic about the future of Bitcoin in the United States. We can clearly see this reflected in the price of bitcoin, which continues to reach new all-time highs in the wake of the election.
While it’s exciting for to watch US Bitcoiners breathe something of a collective sigh of relief as bitcoin’s price pumps (which is important), it’s also essential…
Read more on BitcoinMagazine
On November 8, 2024, the daily net flow of U.S. Bitcoin ETFs displayed predominantly positive momentum, signaling strong investor confidence. BlackRock’s Bitcoin ETF (Ticker: IBIT) saw the most significant net inflow, amassing an additional 14,607 BTC, a notable increase in its holdings. Fidelity’s Bitcoin ETF (Ticker: FBTC) also saw substantial growth, adding 2,491 BTC.
Other ETFs like Grayscale’s BTC fund (Ticker: BTC) and ARK’s Bitcoin ETF (Ticker: ARKB) had positive movements as well, with inflows of 1,428 BTC and 229 BTC respectively. Bitwise (Ticker: BITB) and VanEck (Ticker: HODL) also experienced modest increases of 174 BTC and 226 BTC.
However, Invesco Galaxy’s BTCO (Ticker: BTCO) registered a decrease, shedding 757 BTC, going against the day’s general trend of gains. Valkyrie’s (Ticker: BRRR) fund saw the smallest gain with an increase of 28 BTC.
In total, the Bitcoin holdings for these ETFs rose to 1,019,938 BTC, marking a net daily increase of 18,823 BTC, valued at approximately $1.43 billion. This significant net inflow reflects robust trading activity and bullish sentiment in the Bitcoin ETF market on that day.
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.
Join CryptoCrunchApp on Telegram Channels – Click to Join
This is a segment from the 0xResearch newsletter. To read full editions, subscribe.
It started with an understated “woo-hoo” and a laugh. The latest Ethereum All Core Developers (ACD) call marked a milestone for being the 200th such meeting.
As Galaxy’s Christine Kim noted on X, “[W]hat’s cool about these calls is that through the years they’ve remained open, transparent and accessible for anyone to join and listen in on. [A]lso, devs still rely on these calls to act as a critical forcing function for making key governance decisions about [E]thereum.”
As usual, developers discussed key updates around testing networks for the upcoming Pectra upgrade, and a host…
Read more on Blockworks