Concerns over the U.S. dollar's impact on Bitcoin may be overstated by investors, particularly in the longer term.
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Bitcoin Ordinals creator Casey Rodarmor pitches BRC-20 alternative ‘Runes’
Bitcoin Ordinals inventor Casey Rodarmor says a fungible token protocol like Runes wouldn’t leave as much “junk” on the Bitcoin network as that of BRC-20 tokens.
Bitcoin Ordinals creator Casey Rodarmor pitches BRC-20 alternative ‘Runes’
Bitcoin Ordinals inventor Casey Rodarmor says a fungible token protocol like Runes wouldn’t leave as much “junk” on the Bitcoin network as that of BRC-20 tokens.
Optimism OP token slips 10% in week ahead of $30M token unlock
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The price of Optimism’s native OP token is leading losses among the top 50 cryptocurrencies, falling as far as 10% on the week ahead of a $30 million token unlock.
According to data from tokenomics platform Token Unlocks, 24.16 million OP tokens, which account for roughly 3% of the circulating supply — are scheduled to be unlocked on Sept. 30.
The next OP token unlock is scheduled for Sept. 30. Source: Token UnlocksAt current prices, the unlock will see a little more than $30 million worth of OP tokens hit the market, with $15.49 million going to core contributors and $14.26 million set aside for investors.
Token unlocking events form a core part of many main cryptocurrency projects, with many teams choosing to gradually release tokens to the market instead of unleashing them all at once. Typically however, unlocking events are viewed by investors as likely to put pressure on prices, as a new supply of tokens becomes available for sale.
Celsius creditors vote in favor of reorganization plan
The majority of Celsius creditors have voted in favor of a plan that will see approximately $2 billion worth of Bitcoin and Ethereum returned to creditors.
Crypto bills could be delayed as many prepare for US gov't shutdown
Bills focused on crypto regulation, market structure, and stablecoins could all be put on hold if U.S. lawmakers don't reach a decision on government spending by Sept. 30.
MetaMask ‘glitch’ caused opBNB recommended fees to be too high: Report
According to BNB Chain, MetaMask was averaging recommended fees from multiple networks, causing opBNB recommended fees to be too high.
NASA plans to prove its next Moon landing is real using blockchain
The Isle of Man and Florida-based computing startup Lonestar are partnering with NASA to pioneer a blockchain-verified, data storage solution on the Moon.
Hong Kong to tighten crypto regulation, Thailand to tax crypto overseas: Law Decoded
While Thai regulators aim to tax crypto earned overseas, Brazilian lawmakers seek to protect it from seizure.
SEC raises concerns over Coinbase in objection to Celsius restructuring plan
Coinbase CEO Brian Armstrong and chief legal officer Paul Grewal issued a joint statement questioning the SEC's reasoning in its Sept. 22 objection.
Price analysis 9/25: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, TON, SOL
Bitcoin’s (BTC) weakness on Sep. 24 shows that the bears remain in control. Sellers are trying to pull the price below $26,000 but the bulls are likely to defend the level with vigor. Buyers are trying to achieve a positive monthly close for Bitcoin in September for the first time since 2016.
If they can pull it off, it will be a major sentiment booster as October generally favors the buyers. According to CoinGlass data, Bitcoin has seen a negative monthly close in October only on two occasions, in 2014 and 2018. However, Bitcoin bulls will find it difficult to maintain the momentum if macroeconomic headwinds persist.
Daily cryptocurrency market performance. Source: Coin360Another risk to the cryptocurrency recovery may come from the strength in the greenback, which has risen for ten straight weeks, its longest winning streak since 2014. The United States dollar index (DXY) has also formed a golden cross, indicating further potential upside in the near term.
Will the U.S. dollar extend its gains or witness a short-term correction? Can Bitcoin bulls hold off the bear pressure in the last week of September? Let’s analyze the charts to find out.
S&P 500 Index price analysis
The S&P 500 Index turned down sharply from the downtrend line and broke below the moving averages on Sep. 15. This started a downward move, which has reached the crucial support at 4,325.
Price analysis 9/25: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, TON, SOL
The strength in the United States dollar index could keep Bitcoin and select altcoins under pressure in the near term.
Price analysis 9/25: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, TON, SOL
The strength in the United States dollar index could keep Bitcoin and select altcoins under pressure in the near term.
$200M Mixin Network hack draws controversy
Xiaodong Feng, Mixin's founder, immediately outlined a compensation plan but would only reimburse up to 50% of users' assets for now.
Bitcoin price fights for $26K as US dollar strength hits 10-month high
Bitcoin faces the highest levels in the U.S. dollar index (DXY) of 2023 so far as BTC price action wobbles.
Huobi Global hacked for $7.9M: Report
HTX crypto exchange has been hacked, but it claims to know the identity of the attacker.
Digital Yuan app adds prepaid Mastercard VISA top-ups for tourists
The Digital Yuan app now allows tourists to top-up e-CNY wallets with Mastercard & VISA payment with 'recharge first and use later' option.
MicroStrategy buys $147M worth of Bitcoin, now holds 158K BTC
MicroStrategy bought the latest Bitcoin stash at an average price of $27,053 per BTC, or 9% lower than the average purchase price of its entire BTC purchase.
China to build giant AI chip factory to bypass US sanctions: Report
Chinese scientists are reportedly considering constructing massive facilities to manufacture the technology necessary to create AI semiconductor chips locally.
Crypto sees outflows for 6th consecutive week, XRP and SOL gain investor confidence
A Coinshares crypto market flow report reveales that traders are showing more confidence in the likes of XRP and Solana.