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This Week’s Biggest Crypto Gainers and Losers: Cheelee Rises as Pendle Falls

This Week’s Biggest Crypto Gainers and Losers: Cheelee Rises as Pendle FallsOn Monday, the cryptocurrency market maintained steady growth, with its valuation reaching $2.3 trillion—an increase of 1.72% over the last 24 hours. Over the past week, six cryptocurrencies have posted double-digit gains, while around two dozen have experienced significant losses. Crypto Asset Market Sees Varied Performance This week saw a mixed performance within the crypto […]

Bitcoin L2 protocol bridge Alex suffers $4.3M in losses after suspicious upgrades

Analysts Stand Firm on $150K Bitcoin Price Forecast Citing ‘a Healthy Cycle’

Analysts Stand Firm on 0K Bitcoin Price Forecast Citing ‘a Healthy Cycle’Global asset management firm Alliance Bernstein’s analysts have reaffirmed their bullish outlook on bitcoin, predicting a rise to $150,000 by 2025. They view the recent price correction as a healthy cleanup of market excesses. Additionally, they highlighted the market’s strength, citing significant inflows into spot bitcoin exchange-traded funds (ETFs) and encouraging signs for increased corporate […]

Bitcoin L2 protocol bridge Alex suffers $4.3M in losses after suspicious upgrades

HK vs. US: China AMC Leads but Can’t Lift Hong Kong Spot Bitcoin ETFs to US Levels

HK vs. US: China AMC Leads but Can’t Lift Hong Kong Spot Bitcoin ETFs to US LevelsHong Kong’s debut of six spot bitcoin and ethereum exchange-traded funds (ETFs) garnered HK$87.5 million ($11 million) on their first day, April 30. However, these ETFs underperformed compared to their U.S. counterparts, which had attracted a much larger sum of $4.6 billion on their initial day. Despite High Hopes, Hong Kong’s Bitcoin ETFs Start Slow […]

Bitcoin L2 protocol bridge Alex suffers $4.3M in losses after suspicious upgrades

China Asset Management Exec Anticipates Hong Kong Spot Bitcoin ETFs to ‘Exceed’ US Debut

China Asset Management Exec Anticipates Hong Kong Spot Bitcoin ETFs to ‘Exceed’ US DebutWith the debut of spot bitcoin and ethereum exchange-traded funds (ETFs) in Hong Kong trading on Tuesday, market observers are speculating about the potential demand for these ETFs in the region, reminiscent of the enthusiasm seen in the U.S. following the approval of 11 spot bitcoin ETFs on Jan. 10. Zhu Haokang, head of digital […]

Bitcoin L2 protocol bridge Alex suffers $4.3M in losses after suspicious upgrades

Sleeping Bitcoin Wallet Awakens: $3.7M Worth of BTC Suddenly Moves After Close to 12 Years of Dormancy

Sleeping Bitcoin Wallet Awakens: .7M Worth of BTC Suddenly Moves After Close to 12 Years of DormancyOn May 11, 2023, a long-inactive bitcoin wallet sprang to life and transferred a substantial 139.7 bitcoin worth $3.7 million. The address, established on June 19, 2011, has contributed to the year’s total of 1,125.37 bitcoin moved from dormant 2010 and 2011 wallets. 139.7 Bitcoin Worth $3.7 Million Suddenly Moves From Idle Wallet A vintage […]

Bitcoin L2 protocol bridge Alex suffers $4.3M in losses after suspicious upgrades

Bitcoin Blockchain Surpasses 2 Million Ordinal Inscriptions Milestone in Just Over 4 Months

Bitcoin Blockchain Surpasses 2 Million Ordinal Inscriptions Milestone in Just Over 4 MonthsAs of April 28, 2023, the number of Ordinal inscriptions on the Bitcoin blockchain has exceeded 2 million, according to current statistics. This milestone has been reached within just over four months since the first Ordinal inscription was minted on December 16, 2022, at block height 767,753. In total, inscription minting fees have amounted to […]

Bitcoin L2 protocol bridge Alex suffers $4.3M in losses after suspicious upgrades

Google Trends Shows Surge in How to Buy Gold and Bitcoin Searches Amidst US Banking Upheaval

Google Trends Shows Surge in How to Buy Gold and Bitcoin Searches Amidst US Banking UpheavalIn the midst of the banking upheaval in the United States, Google Trends has revealed a notable surge in searches related to the acquisition of gold, with the search query reaching a perfect score of 100 during the first week of April 2023. Similarly, the search term “how to buy bitcoin” reached the same score […]

Bitcoin L2 protocol bridge Alex suffers $4.3M in losses after suspicious upgrades

Value Locked in Defi Descends Below $50B Range 9 Days After 2023 High  

Value Locked in Defi Descends Below B Range 9 Days After 2023 High  The total value locked in decentralized finance (defi) has descended below the $50 billion range after reaching a 2023 high of $53.63 billion on April 14. This shift has been felt across the board with the top 18 defi protocols recording losses during the past seven days, and the largest defi protocol by TVL size, […]

Bitcoin L2 protocol bridge Alex suffers $4.3M in losses after suspicious upgrades

Chia Network Files for IPO With the SEC, Eyes Public Listing

Chia Network Files for IPO With the SEC, Eyes Public ListingOn Friday, Chia Network Inc. announced that it had submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC), requesting an initial public offering (IPO). The blockchain network company, founded by Bittorrent creator Bram Cohen, will initiate the IPO after the U.S. securities regulator approves the filing. Bittorrent Creator’s […]

Bitcoin L2 protocol bridge Alex suffers $4.3M in losses after suspicious upgrades

US Consumer Price Index Rises 0.1% in March, Annual Inflation up 5% From Last Year

US Consumer Price Index Rises 0.1% in March, Annual Inflation up 5% From Last YearOn Wednesday, the U.S. Bureau of Labor Statistics published the Consumer Price Index (CPI) report, which noted that inflation rose 0.1% last month in March and 5% from a year ago. Annual inflation has dropped for nine consecutive months following the nine times the U.S. Federal Reserve raised the federal funds rate. U.S. Inflation Cools […]

Bitcoin L2 protocol bridge Alex suffers $4.3M in losses after suspicious upgrades