There has been much speculation surrounding potential interest rate cuts by the U.S. central bank in September or November. Analyst ‘RamenPanda’ predicts that there will be no sharp correction following these cuts. He points out that historically, during times of financial crisis, such as in 2008, the Fed has cut rates to stabilize the economy.
The upcoming Bitcoin options expiry event on Friday will see around 107,000 contracts expire with a notional value of $6.6 billion. This end-of-month expiry is much larger than usual end-of-week expiries, potentially leading to increased market volatility. The put/call ratio for the current options stands at 0.5, indicating that twice as many long (call) contracts
The recent news of Kraken founder Jesse Powell’s $1 million donation, mainly in Ethereum, to support former US President Donald Trump’s re-election bid has raised many eyebrows in the crypto community. Powell mentioned that the donation was intended to help the US maintain its leadership in blockchain technology. This move has sparked a debate among
The emergence of “Solo Leveling: Unlimited” marks a significant milestone in the world of NFTs, combining entertainment and blockchain technology on the Avalanche network. This innovative platform, developed by Singapore-based Web3 company OtherWorld, aims to cater to the global fanbase of the popular South Korean web novel and webtoon, Solo Leveling. With a custom Layer-1
Bitcoin, the leading cryptocurrency, experienced a whirlwind of price fluctuations recently. Surging past $62,000, it seemed like the digital asset was on a unstoppable upward trajectory. However, this bullish run was short-lived as Bitcoin failed to maintain its momentum and retraced back below that level. The asset’s price volatility left investors on edge, uncertain of
Recently, on June 27, Binance made an announcement regarding the implementation of stricter measures to combat account misuse. The company revealed that certain account features on the platform were being exploited by users to gain unfair advantages in terms of fee rates and API limits. As a response, Binance stated that it might suspend or
Keisha Lance Bottoms, set to become Joe Biden’s senior campaign adviser, recently highlighted the significance of cryptocurrency as a nonpartisan issue. In a statement to The Hill, she emphasized that crypto is not a political matter, but rather a unifying force that has garnered bipartisan support. Bottoms pointed out that crypto and blockchain technologies are
As the first spot Ethereum ETFs in the United States are on the brink of launching, experts are projecting a notable price increase for the second-largest cryptocurrency in the market. With discussions between asset managers and regulators reaching their final stages, the US Securities and Exchange Commission (SEC) is expected to approve Ethereum ETFs as
Illuvium, the highly anticipated game, is finally set to launch its Open Beta on July 25, 2024, exclusively via the Epic Games Store for PC. The game’s development began in 2020 and has seen several hurdles along the way. Despite these challenges, the Illuvium team has shown dedication and commitment to creating a high-quality gaming
In a recent development, CleanSpark (CLSK) made headlines by acquiring one of its competitors, GRIID Infrastructure, in a deal valued at $155 million. This strategic move instantly provided CleanSpark with an additional 20 megawatts (MW) of power to enhance its mining operations. The company is also set to add another 400 MW of power in
