Author: e_cash_top
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Short-term holders show signs of seller exhaustion
[ad_1] Monitoring unrealized profit and loss is a cornerstone of market analysis. While realized profit and loss offer a snapshot of the market’s past behavior, unrealized profit, and loss provide a window into the market’s potential trajectory. This distinction becomes even more pronounced when we zero in on short-term holders. Short-term holders, defined as entities…
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Joe Biden addresses UN on international AI regulation: βItβs going to take all of usβ
[ad_1] In a Sept. 19 address to the United Nations, U.S. President Joe Biden expressed an urgent need for preemptive regulation of artificial intelligence, inverting the existing paradigm that has seen a scramble to create regulations for such products post-release. Biden emphasized the “enormous potential and enormous peril” of artificial intelligence and urged for proactive…
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Changpeng Zhao denies Binance.US ever used Ceffu to custody funds, contradicting court filings
[ad_1] Binance CEO Changpeng Zhao (CZ) has denied that its U.S. subsidiary, Binance.US, ever used Ceffu or Binance Custody for custodial services. Zhao made this statement in response to the Securities and Exchange Commission’s (SEC) request to investigate potential fund movement violations by the embattled subsidiary of his exchange. The financial regulator is investigating Binance.US‘s…
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Japan’s Nomura Bank subsidiary Laser Digital launches Bitcoin fund
[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more βΊ Connected to Alpha Welcome! π You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…
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ETH dominance on shaky grounds as BTC prepares for potential upturn
[ad_1] Quick Take The ETH/BTC ratio, a critical indicator in the crypto market, precariously teeters at 0.060, signaling a potential paradigm shift in the market’s dynamics. With the BTC/ETH dominance ratio standing at -0.04, the market is evidently still in an ETH-dominant phase, albeit rapidly declining. The data implies a cyclical pattern where ETH typically…
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Unexpected inflation surge in Canada propels 10-year treasury yield to new highs
[ad_1] Quick Take The trajectory of the 10-year treasury yield took a surprising turn as it charted a new cycle high at 4.3%. This was propelled by an unexpectedly high Consumer Price Index (CPI) print for Canada, which emerged as a significant variable in the financial landscape. Bucking predictions, inflation rose beyond the anticipated 3.8%…
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Bitcoin volatility not shaking investor interest, recent dip sees $500M evaporation without major trend shift
[ad_1] Quick Take Bitcoin once again demonstrated its dynamic nature as open interest experienced substantial growth yesterday. This rapid upsurge was followed by a noteworthy contraction as Bitcoin’s value flash crashed by 2%, leading to an approximate evaporation of half a billion dollars in open interest. Contrary to expectation, this drastic dip did not significantly…
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Optimism OP price unchanged as network rewards loyal holders with 19M airdropped tokens
[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more βΊ Connected to Alpha Welcome! π You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…
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Record-breaking increase in Bitcoin hash rate boosts network difficulty
[ad_1] Quick Take Bitcoin’s network witnessed a remarkable event on Friday, as the hash rate surged to a peak of over 500 exahashes per second (eh/s) from the previous day’s figure of 400 eh/s. This uncommon increase constitutes the single largest one-day augmentation in hash rate that the Bitcoin network has ever experienced. This upswing…
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Canto rallies 13% following plans to migrate to Ethereum as layer2 network
[ad_1] Canto, a Cosmos-based layer1 network, plans to migrate to Ethereum (ETH) and become a layer-2 network. Following the news, the CANTO token jumped by nearly 13% to $0.1285 as of press time, according to CryptoSlateβs data. Canto to build on Polygon. Canto core developers will build a zero-knowledge rollup on Ethereum Layer-2 using the…