Misspelled memecoins referencing the U.S. first family surged after President Biden’s son was convicted of lying about being a drug user when buying a revolver.
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- Crunch
- Global
The Bitcoin whale didn’t even send test transactions before moving their 8,000 Bitcoin.
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A recent surge in cryptocurrency mining has positioned eight of the top 30 publicly traded Bitcoin miners beyond the billion-dollar market cap threshold, according to Farside data. Marathon Digital Holdings leads with a robust $5.5 billion, trailed by Cleanspark and Riot at $3.6 billion and $2.9 billion, respectively. This elite group also includes IREN, Core Scientific, Northern Data, Cipher Mining, and Terawulf.
The collective market capitalization for these 30 companies has now reached an impressive $23 billion. With entities like Bitfarms, Hut 8, and Bitdeer Technologies on the brink of the billion-dollar mark, the industry’s growth trajectory remains strong.
Amidst this uptick, the Bitcoin Miners ETF, WGMI, has seen a 9% increase this year, rebounding from a previous 26% decline. This performance contrasts sharply with MicroStrategy’s 134% YTD rise and Bitcoin’s 53% gain, underscoring a divergent yet bullish trend in crypto-related investments.
Attendees of the 2024 Oslo Freedom Forum were united in addressing the threat that central bank digital currencies (CBDCs) pose to freedom around the globe.
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The decentralized autonomous organization claimed Shkreli’s livestream of a one-of-a-kind Wu-Tang Clan album owned by the DAO caused undue damage.
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Cryptocurrency markets have sold off prior to the CPI data release on Wednesday, with major meme coins being hit particularly hard.
Prices as of 3.30 p.m. ET:
CryptocurrencyPriceGains +/-Bitcoin BTC/USD$67,357.84-3%Ethereum ETH/USD$3,494.13-4.7%Solana SOL/USD$149.26-6.9%Dogecoin DOGE/USD$0.1379-4.5%Shiba Inu SHIB/USD$0.00002173-5.4%
Notable Statistics:
Coinglass data shows 104,055 traders liquidated in the past 24 hours, with total liquidations at $270.1 million. Bitcoin’s open interest at $36 billion has continued to remain high since April 12.
IntoTheBlock data reports a 66.6% surge in large transaction volume, alongside a 9.6% increase in daily active addresses. Transactions greater… Read more on Benzinga
Ethereum price has had a rocky week and data suggests that more downside could be on the way.
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A long-dormant Bitcoin whale has re-emerged after 5.5 years, transferring a staggering 8,000 BTC to a Binance wallet on June 11. Acquired for $3,810 per coin back on December 6, 2018, this colossal sum, originally valued at $30 million, could now fetch over $500 million if sold at current market prices.
The awakening of this Bitcoin investor comes at a time when the cryptocurrency market shows signs of renewed vigor. The movement of such a significant amount to Binance suggests potential profit-taking from the substantial appreciation in Bitcoin’s value over half a decade.
Market watchers speculate this could signal a healthy liquidity event, indirectly highlighting the enduring value and investment appeal of Bitcoin, even after years of market fluctuations.
SOL derivatives and the Solana network have remained stable, indicating that traders and users are not ready to give up.
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In May, the partners launched the first yield-bearing BTC ETP in Scandinavia.
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