Author: e_cash_top

[ad_1] Quick Take Farside data shows that the Bitcoin exchange-traded funds (ETFs) witnessed an outflow of $34.4 million on May 2. Grayscale’s GBTC was the sole ETF to experience outflows, which is an encouraging sign compared to May 1, when all ETFs faced outflows. GBTC saw an outflow of $54.9 million and currently holds 291,248…

[ad_1] Quick Take Trading Economics data shows that the unemployment rate edged up to 3.9% in April, surpassing expectations of holding steady at 3.8%. Unemployment has been below 4% since February 2022. However, this uptick was offset by a still-robust increase of 175,000 in non-farm payrolls, though below the forecast of 243,000 new jobs. Despite…

[ad_1] In a captivating episode of the SlateCast, the co-founders of MadFi, Carlos, Nate, and Marcus, joined Senior Editor Liam “Akiba” Wright and CryptoSlate CEO Nate Whitehill, to delve into the world of Bonsai, the first genuine community token on the Lens Protocol. The discussion shed light on the motivations behind Bonsai’s creation, its unique…

[ad_1] Paolo Ardoino, the Chief Executive Officer of Tether and co-founder of peer-to-peer platform Holepunch, recently hinted at plans to potentially develop a “Pear Phone” in the future. In an X post, Ardoino floated the idea of building an Android-compatible phone based on the Android Open Source Project (AOSP). The device would come pre-installed with…

[ad_1] CleanSpark has released its first monthly unaudited Bitcoin mining and operations update since the halving. The company exceeded 17 EH/s in hashrate, mining an impressive 721 BTC with a record daily high of over 48 BTC. CEO Zach Bradford highlighted the company’s monthly gains in efficiency metrics as they deploy advanced S21 machines across…

[ad_1] Rep. Maxine Waters, a ranking member in the US House Committee on Financial Services, has proposed the nomination of Ms. Kristin Johnson, a current Commissioner of the US Commodity Futures Trading Commission (CFTC), for the position of Assistant Secretary for Financial Institutions at the US Department of Treasury. In a May 2 letter addressed…

[ad_1] MicroStrategy executive chairman and co-founder Michael Saylor believes the SEC will classify Ethereum as a security this summer and reject the related spot ETF applications filed by various asset managers, including BlackRock. Saylor made the prediction in a social media post on May 2 during a presentation at the MicroStrategy World 2024 conference. He…

[ad_1] Stronghold Digital Mining announced it is considering a sale or other strategic alternatives aimed at maximizing shareholder value. The announcement came alongside the company’s disclosure of its robust first-quarter financial and operational results on May 2. As part of its strategic review, Stronghold, with the guidance of Cohen and Company Capital Markets and legal…

[ad_1] Coinbase reported revenues of $1.64 billion during the first quarter, surpassing the expected $1.34 billion amount. The surge in revenue comes amid a robust Bitcoin rally that has significantly impacted the crypto market. The company’s earnings stood at $4.40 per share, a substantial improvement from the $1.09 average analyst estimate, though differences in accounting…

[ad_1] Quick Take Amid Bitcoin’s recent 12% price decline, data suggests that short-term holders — those who have held the digital assets for less than 155 days — have exhibited relatively muted sell-off behavior compared to previous dips. On May 1, approximately 26,000 BTC were sent to exchanges at a loss by short-term holders, while the…