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No Rate Cuts Yet: Fed Maintains Rates at Historic Highs 


The U.S. Federal Reserve has opted to maintain the federal funds rate target range at 5.25-5.5%, according to the latest report from the Federal Open Market Committee (FOMC). The committee noted that while inflation has eased over the past year, it remains somewhat elevated, with the overarching...

Tether Posts $5.2 Billion Profit in First Half of 2024


Tether Holdings Limited reported a record-breaking net profit of $5.2 billion for the first half of 2024, according to its latest assurance opinion for the second quarter. The report, conducted by BDO, highlighted Tether’s increased exposure to U.S. Treasury bills and a significant rise...

The Anatomy of a Crypto Bull Market


Analyzing previous crypto market cycles helps us understand the current one, says Kelly Ye, head of research at Decentral Park Capital

Trump Promotes Bitcoin Sneakers Post Nashville Conference


Following his appearance at the Bitcoin 2024 conference in Nashville, Trump took to Truth Social to promote a line of “Limited Edition” Bitcoin sneakers. He also stated that he is accepting Bitcoin and any other cryptocurrency as payment. Trump Unveils Trump Sneakers During his keynote...

Bitcoin Price Reversal Alert; Is the Bull Run Over for BTC?


In anticipation of the US Fed meeting tonight, where Jerome Powell is expected to outline the timing and frequency of upcoming rate cuts, the cryptocurrency market experienced a downturn on Wednesday. Bitcoin and Ethereum were at the forefront of this retreat. At press time, Bitcoin (BTC)...

Bitcoin Fails to Break $70k in Six Tries: BTC Future Outlook


After a bullish movement, Bitcoin and Ethereum are showing diverging trends amidst broader market volatility. In a recent report by QCP Broadcast, analysts shed light on the current state of these leading digital assets and their potential next moves. Bitcoin’s Struggle and Ethereum’s...

US Bitcoin ETFs Record $18.3 Million in Net Outflows


On Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) experienced net outflows of approximately $18.3 million, contrasting with inflows observed in their ethereum counterparts. The most significant gain was recorded by Blackrock’s IBIT, while Grayscale’s GBTC suffered the largest...

New Crypto Launch to Watch: 99Bitcoins Token $2.5M Presale Ends in Five Days


A new project is shaking things up in the crypto education space. As its presale comes to an end, 99Bitcoins Token (99BTC) is primed to transform how we learn about the blockchain – all while offering crypto rewards. 99Bitcoins Token Transforms Crypto Education Through Learn-to-Earn 99Bitcoins...

Fidelity Intl Launches Bitcoin ETP to London Stock Exchange


Fidelity International has announced the listing of its physical Bitcoin exchange-traded product (ETP) on the London Stock Exchange. According to the details from the press release, this development opens the door for professional investors in the UK to gain direct exposure to Bitcoin through...

Ethereum ETFs Snap Losing Streak, Grayscale’s Outflows Weigh In


On Tuesday, U.S. spot ether exchange-traded funds (ETFs) experienced a day of inflows, ending four days of outflows. The nine ETFs collectively absorbed $33.67 million, though the figure could have been higher if not for Grayscale’s Ethereum Trust (ETHE), which offloaded $120.28 million....

Grayscale’s Mini Bitcoin Trust Begins Trading on NYSE Arca


The mini version of Grayscale Bitcoin Trust (GBTC) launched by Grayscale Investment was listed on NYSE Arca on Wednesday. The U.S. Securities and Exchange Commission (SEC) gave the product the go-ahead last week, and it hit the market at 4 a.m. ET on Friday. This new product provides investors with...

Bitcoin Network Faces Toughest Mining Difficulty Increase Since 2022


The Bitcoin network has recently experienced its most significant difficulty adjustment since October 2022, with a 10.5% increase driving the metric to a record 90.67 trillion. This heightened challenge, combined with falling bitcoin prices, is intensifying the strain on miners. Miners Struggle...

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