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U.S. Added 272K Jobs in May, Blowing Past Estimates; Unemployment Rate Rises to 4.0%
7.6.2024
Recent soft economic and inflation data combined with rate cuts this week in Europe and Canada have investors rethinking expectations about Fed policy
First Mover Americas: Bitcoin Futures Positions Top Record $37B as Analysts Predict Bitcoin Surge to $83K
7.6.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for June 7, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Bitcoin Technical Analysis: BTC Shows Promising Signs Across All Time Frames
7.6.2024
Bitcoin’s price currently stands at $71,347, showing an impressive rise within the 24-hour intraday range of $70,065 to $71,595. With a trading volume of $25.17 billion and a market capitalization of $1.4 trillion, bitcoin has gained 4.9% this week, 5.6% over the past two weeks, and 14.4%...
Bitdeer introduces energy-efficient Bitcoin mining chip
7.6.2024
This chip will enhance Bitcoin mining performance, minimize power consumption, lower costs, and reduce the environmental footprint
Bitcoin Could Lift to $83K in the Coming Days, Analyst Says
7.6.2024
The bullish forecast comes ahead of key U.S. data that is likely to influence Fed rate cut expectations
Mother Token Celebrity Iggy Azalea Mocks Ethereum’s Vitalik Buterin in Breastfeeding Meme
7.6.2024
Iggy Azalea, the female rapper and composer behind the MOTHER token issued on Solana, mocked Vitalik Buterin, an Ethereum co-founder, using a meme that shows her carrying a baby with Buterin’s face after being breastfed. Besides posting the described meme, Azalea stated that “he...
TRON DAO at Consensus 2024 With Exclusive Whale Night Event
7.6.2024
PRESS RELEASE. Geneva, Switzerland, June 7, 2024 – TRON DAO proudly marked its significant presence at Consensus 2024, held in Austin, Texas, as a 3 Block Sponsor. This premier blockchain and digital asset event brought together industry leaders, policymakers, and innovators to engage...
Bitcoin SV’s Twetch considers open-sourcing after shutdown
7.6.2024
Web3 social media platform Twetch, a competitor of X running on the Bitcoin SV blockchain, shut down operations on June 6
Gemini Taps Kaiko for Enhanced Cryptocurrency Derivatives Trading
7.6.2024
Kaiko, a prominent player in the crypto data sector, has announced a strategic partnership with Gemini Foundation, the derivatives trading platform of the cryptocurrency exchange, Gemini. This collaboration will see Gemini Foundation utilizing Kaiko’s Benchmark Reference Rates to power...
Bitcoin may retest $69K next as shorts keep BTC price below all-time high
7.6.2024
Bitcoin sees surprise selling into the latest daily close, giving rise to predictions of a support retest before new BTC price all-time highs
Ethereum to Introduce Extensive Pectra Upgrade in Q1 2025
7.6.2024
The Ethereum network is set to undergo one of its most extensive upgrades named Pectra, which will integrate the EVM Object Format (EOF) and introduce Vitalik Buterin’s proposed EIP-7702, allowing Ethereum account addresses to act as smart contract wallets temporarily during transactions....
Hong Kong Partners With Swiss Crypto Valley
7.6.2024
Invest Hong Kong, the government department responsible for attracting foreign direct investment and the Crypto Valley Association (CVA) of Zug, Switzerland, have signed a Memorandum of Understanding (MoU) to bolster the fintech ecosystems of both regions. The agreement, signed on June 6, 2024...
Bitcoin Bets Hit Peak of $37B as ETF Inflows Set New Record
7.6.2024
The long-short ratio is starting to tilt in favor of bulls since Wednesday, data indicates, as some traders expect bitcoin to set fresh all-time highs in the coming weeks
Why isn’t the BTC price moving despite billions in ETF inflows?
7.6.2024
Spot Bitcoin ETFs in the United States have just notched their 19th day of inflows. Traders explain why it hasn’t led to a surge in the price of Bitcoin
Tether, Nodo Partner to Drive Stablecoin and Bitcoin Education in Africa
7.6.2024
Stablecoin issuer Tether has partnered with Nodo to educate prospective African users about the use cases of stablecoins and facilitate transactions with the former’s digital asset. The six-month campaign will include Ask Me Anything (AMA) sessions, workshops, and question-and-answer...
Semler Scientific now holds 828 Bitcoin and has $150M plan to buy more
7.6.2024
The medical manufacturer now holds 828 BTC and says it will “continue to pursue our strategy of purchasing Bitcoins with cash.”
Uzbekistan’s Islamic Authority Retracts Fatwa Against Cryptocurrency, Issues Apology
7.6.2024
Uzbekistan’s highest Islamic authority has retracted a fatwa it issued on June 3 that deemed trading with cryptocurrencies impermissible. This declaration, which stated that cryptocurrency trading violated Sharia law, was mistakenly released on social media due to an oversight. In response...
Cross Border CBDC Project Mbridge Enters MVP Stage
7.6.2024
Project Mbridge, the cross-border central bank digital currency (CBDC) project that seeks to integrate several currencies into a global network, has reached its minimum viable product stage. This means that each one of the participant central banks has deployed a validating node in the network...
Big shorters are betting $6.9B against MicroStrategy stocks
7.6.2024
Short-sellers have wavered this year as MTSR skyrocketed 469% over the past six months, though a few major institutions are holding out hope for a correction
‘Stand With Crypto’ Advocacy Alliance Surpasses 1 Million Supporters
7.6.2024
The “Stand with Crypto” alliance has achieved a notable milestone, surpassing one million supporters as reported on its official website. This non-profit organization is committed to mobilizing global crypto advocates. Initiated by crypto exchange Coinbase, which promotes clearer...