Bitcoin’s supply in profit has continued to rise steadily despite recent setbacks and persistent market headwinds. On-chain data shows that over 85% of BTC’s circulating supply is currently in profit. This is a historically bullish signal but often marks the beginning of euphoric phases in market cycles. BTC Enters Bullish Territory, but Analysts Warn of … Read more
Key Points: Beijing issues action plan, targets blockchain tech advancement by 2027. Aims for breakthroughs in blockchain-specific chips, privacy, and AI applications. 2027 goal: 10 tech breakthroughs, forming over 20 application cases. The Beijing Municipal Science and Technology Commission, alongside Zhongguancun Science Park Management Committee, announced the “Beijing Blockchain Innovation and Application Development Action Plan … Read more
BlackRock’s exchange-traded fund (ETF) bought nearly $1 billion worth of Bitcoin on behalf of its clients on April 28, with continued inflows providing “structural support” for Bitcoin’s price appreciation, according to market analysts. BlackRock’s iShares Bitcoin Trust (IBIT) ETF bought $970 million worth of Bitcoin (BTC) on April 28, its second-largest day of inflows on … Read more
Key takeaways: Bitcoin supply in profit has climbed back above 85%, nearing the classic euphoric area. Onchain data shows strong accumulation from new and momentum buyers with minimal profit-taking. Bitcoin could rally toward $110,000–$115,000 helped by a “max buying” zone. Bitcoin (BTC) is charging toward a potential new all-time high near $115,000, as a surge … Read more
A new study finds that 42% of U.S. millennials have made purchases using cryptocurrency, with 8% using it whenever possible and 14% on occasion. 93% of Millennials Aware of Crypto With U.S. millennials increasingly aware of or owning cryptocurrencies, a new study found 42% have purchased “something” using crypto. In fact, the Millennial Shopping Habits: … Read more
In its ongoing bankruptcy proceedings, FTX is intensifying efforts to recover funds owed to creditors through legal measures. The company has initiated lawsuits against two token issuers, asserting that these firms hold assets that rightfully belong to FTX. The move underscores FTX’s commitment to ensuring a fair process for its creditors. Why Did FTX Sue … Read more
TL;DR Despite the excitement surrounding ProShares’s approved futures XRP ETFs, Bloomberg’s James Seyffart clarified that there is no confirmed launch date yet. US investors await a spot XRP ETF, with prominent names like Grayscale, Franklin Templeton, and Bitwise pushing for a green light. Not so Fast? Ripple took center stage recently due to the three … Read more
If you’re a regular at crypto gambling sites and curious about loyalty systems, the 7Bit Casino VIP Program might catch your attention. It’s designed to reward players for their consistency and commitment. From earning comp points to leveling up for better perks, this offers a structured way to get more out of your play. But … Read more
DeFi protocol Loopscale has recovered nearly half of the funds stolen during a major exploit over the weekend, as white hat negotiations with the attacker show signs of progress. In an April 29 update posted to X, Loopscale confirmed that approximately 19,463 Wrapped SOL (WSOL) (worth roughly $2.88 million) have been returned to its wallets … Read more
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