Satoshi Protocol Secures $2 Million Seed Funding to Build Universal Stablecoin for Bitcoin
PRESS RELEASE. Satoshi Protocol, a pioneering project building a “universal” stablecoin designed specifically for the Bitcoin ecosystem, successfully closed a $2 million seed funding round in May 2024. Led by CMS Holdings and RockTree Capital, the round signifies strong investor confidence in Satoshi Protocol’s vision of unlocking Bitcoin’s full potential. This funding round also saw […]
Bitwise CIO Predicts Bitcoin Surge to $100,000 Despite Current Price Dip
Bitcoin could reach $100,000 by the end of the year, according to Bitwise’s Chief Investment Officer Matt Hougan. Despite bitcoin currently trading under $60,000 at $57,800, Hougan sees significant potential for long-term investors. Market Pullback a Gift for Investors, Claims Bitwise CIO Bitcoin’s recent market pullback presents a unique opportunity for long-term investors, says Matt […]
Fed Chair Powell Reveals No Contact With Biden in 2 Years Amid Economic Challenges
Amid swirling speculation in Washington D.C. about whether President Joe Biden will seek reelection in 2024 and questions about who really governs the nation, Fed Chair Jerome Powell disclosed that he hasn’t spoken with the U.S. President for over two years. “When any President calls you, you come and you meet, but that hasn’t happened […]
Cryptoquant Report: Bitcoin Whales Buy Aggressively as Price Hits 4-Month Low
Bitcoin’s recent price dip to a four-month low has triggered significant losses for new and large investors. This development, combined with mixed market signals, suggests the leading crypto asset is at a critical juncture, according to the latest Cryptoquant report. Market Signals Mixed as Bitcoin Hits $53K: Whales and Miners Influence Future Bitcoin’s recent price […]
Tech Coalition Urges Biden to Lead on Cryptocurrency Regulation
In a recent letter to U.S. President Joe Biden, the Chamber of Progress, a tech industry coalition, called for comprehensive cryptocurrency regulation. The group emphasized the importance of a clear regulatory framework for digital assets, highlighting the potential benefits for both investors and the U.S. economy. Chamber of Progress to Biden: Seize Opportunity for Comprehensive […]
Polymarket Odds of Biden Dropping Out Spike to 61% After Pelosi Urges 2024 Decision
On Wednesday, former U.S. House Speaker Nancy Pelosi urged President Joe Biden to decide soon on whether to run, stating that “time is running short.” Following this, Polymarket bets surged to 61% in the afternoon, reflecting the odds of Biden stepping down. Currently, those odds have slightly decreased to 59%. Biden’s Drop-Out Odds Surge During […]
Glassnode Report Says Bitcoin Market Structure Remains Strong Amid Steep Decline
Bitcoin has experienced its steepest decline in the current cycle, trading over 26% below its all-time high (ATH), according to onchain analysis firm Glassnode. This contraction has significantly affected short-term holders, with over 2.8 million BTC now below their acquisition price. Bitcoin Market Faces Significant Drawdown, Glassnode Reports Despite the notable downturn, Glassnode’s latest analysis […]
New Layer 2 Meme Coin Pepe Unchained Crosses $3M in ICO – Will PEPU Explode?
Pepe Unchained (PEPU) is drawing attention with its recent ICO success. This frog-themed meme coin project has passed the $3 million mark in less than one month. As investors pile in, many wonder: Will PEPU explode once it hits exchanges later this year? Pepe Unchained’s ICO – An Instant Success Story Pepe Unchained’s ICO has […]
Grayscale Sets Record Date for Ethereum Mini Trust Distribution
Grayscale Investments has announced a record date of July 18, 2024, for the initial distribution of shares in the newly formed Grayscale Ethereum Mini Trust. The distribution will be allocated to shareholders of the existing Grayscale Ethereum Trust on a 1:1 basis. Grayscale Prepares for July 18 Distribution of Ethereum Mini Trust Shares Grayscale, known […]
German Government Offloads 9,736 BTC in 20 Hours; Reserves Could Deplete by Tomorrow
Over the course of nearly 20 hours, the German government has sold 9,736 BTC valued at $564.3 million. The government’s BTC wallet currently holds 13,110 BTC worth $767 million. German Government’s Swift Bitcoin Sales Could Soon Lead to Total Reserve Depletion At 1:16 p.m. EDT on July 9, Bitcoin.com News reported on Germany’s bitcoin transfers […]
