The weakened market sentiment comes amid fears of a potential $8.5 billion market dump by Mt. Gox and recent mass outflows from United States spot Bitcoin ETFs. Source link
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Onchain Highlights DEFINITION: The percentage of circulating supply in profit, i.e. the percentage of existing coins whose price at the time they last moved was lower than the current price. Bitcoin’s percentage supply in profit reflects dynamic market conditions. The first chart illustrates historical data from 2013 to 2024, showing…
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AI machines will need to use and store their wealth somewhere, and Bitcoin is the logical choice for that, Anthony Pompliano says. Source link
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Iranian government officials and hardliners are voicing strong opposition to the play-to-earn blockchain game “Hamster Kombat,” claiming it serves as a tool of Western soft power aimed at distracting the populace from the upcoming presidential elections, local media reported on June 24. The criticism against the web3 game comes after…
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The Wikileaks founder is expected to plead guilty to one U.S. charge and be sentenced for time served in a U.K. prison. Source link
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The Biden administration has re-hired former crypto adviser Carole House, according to a LinkedIn post on June 24. House said she is “honored to have been called to return to service of absolutely critical mission sets that are necessary to shape the future of secure and trustworthy digital economies.” House…
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The deputy chief of the Iranian military claimed the game was a way of distracting Iranians from the country’s upcoming presidential elections. Source link
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Coinbase could face regulatory challenges over its compliance with new FASB accounting rules that shift the accounting and disclosure for crypto to a fair-value model from a cost-less-impairment model, MarketWatch reported on June 24, citing accounting experts. The rules were agreed upon by the FASB in 2023 and will officially…
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A letter from Consensys states that the SEC’s approval of spot Ether exchange-traded funds indicated that it had “updated its position to classify ETH as a commodity and not a security,” but not everyone agrees. Source link
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Galaxy’s head of research, Alex Thorn, believes the impending distribution of more than 140,000 Bitcoin (BTC) from the defunct Mt. Gox exchange will have a less severe market impact than anticipated. Thorn said his research shows that the selling will mostly come from individual creditors, who are receiving less than…