QCP Capital‘s analysis highlights the options market’s pricing of a 1% move on the S&P 500 following Jerome Powell’s address, revealing a hint of unease beneath the surface of the otherwise strong equity performance. Additionally, the firm notes that bitcoin’s perpetual funding rates plummeted to -13% over the weekend—the lowest point since 2022—emphasizing the sharp contrast…
The Democratic Party’s official 2024 platform was released today on day one of the Democratic National Convention (DNC), without any mention of Bitcoin or cryptocurrency. This decision aligns with the past four years of the Biden-Harris administration’s hostility towards the industry. Despite the growing significance of Bitcoin and digital assets, neither Kamala Harris or Tim Walz, who…
Over the past few months, both Bitcoin and Ethereum users have noticed a noticeable drop in transaction fees. Ethereum’s network transfer fees, in particular, have fallen to such low levels that Etherscan, a leading Ethereum block explorer, has recently added decimal points to its gas tracker after fees dipped below 1 qwei. Currently, Ethereum’s onchain…
On Monday, the crypto economy held steady at $2.06 trillion, though it dipped by 2.26% in value over the last 24 hours. Bitcoin experienced a 2.5% drop this past week, while ETH saw a decline of more than 4% during the same period. Despite the downturn, some digital currencies managed to stand out, with superrare (RARE) soaring…
Crypto investors can’t stop talking about PlayDoge (PLAY) right now. This new P2E game, which combines old-school virtual pets with blockchain tech, is about to wrap up its presale phase. And with just a week left to snag tokens before launch, investors are jumping in while they can, believing this could be the next big meme…
Bitwise Asset Management has announced the acquisition of London-based ETC Group, the issuer of Europe’s largest physical Bitcoin ETP (BTCE), according to a press release sent to Bitcoin Magazine. This acquisition not only expands Bitwise’s global footprint but also adds more than $1 billion in assets under management to its portfolio. “Bitwise is building a…
Neutral money like bitcoin preserves economic liberty. It respects individual freedom. It silently advocates for property rights. Whether you’re an individual or a business, it gives you complete empowerment over your decisions about production, investment, and consumption without the threat of censorship, confiscation, or debasement. Without the involvement of governments, this encourages self-reliance and contributes…
A milestone has been reached in Bitcoin’s supply schedule – 94% of the total Bitcoin supply has now been issued through mining. Out of a hard-capped total of 21 million BTC, over 19.74 million have been mined so far. Bitcoin’s supply is issued through mining, where computers validate transactions and receive Bitcoin as a reward. The initial mining…