Category: Latest news

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[ad_1] Grayscale’s Bitcoin Trust (GBTC) shares rose 11% on June 20 to $16.85 and narrowed the discount to its net asset value (NAV) to 33.45%—its highest point since the beginning of the year, according to YCharts data. Source: Ycharts Wu Blockchain, citing CryptoQuant data, reported that the increase coincided with a record-high trading volume of…

[ad_1] Quick Take Over the past 24 hours, Bitcoin witnessed a remarkable surge, breaking the $28,000 mark, while its dominance in the market capitalization rose above the 50% threshold. There was a revival of spot buying, resulting in over $150 million worth of Bitcoin being withdrawn from exchanges, as shown below. According to Coinglass, open…

[ad_1] Quick Take The U.K. Consumer Price Index (CPI) for May came in at 8.7%, year-over-year (y-o-y) – matching the previous month – but above the forecasted rate of 8.4%. Core CPI increased to 7.1% y-o-y, coming in above expectations of 6.8% – suggesting a continuing acceleration of inflation. Moreover, the UK’s net debt has…

[ad_1] Quick Take Bitcoin has surpassed the $27,000 mark for the first time since June 7, indicating a notable recovery from previous challenges. It’s noteworthy that this resurgence comes in the wake of significant regulatory pressures faced by Bitcoin concerning the SEC lawsuits against major platforms Coinbase and Binance. In a more optimistic development, the…

[ad_1] Ava Labs’ Core app said in a June 20 Twitter thread that it now offers an AI-powered user assistant chatbot called AvaGPT. AvaGPT answers questions about Avalanche The announcement says that AvaGPT is trained on documentation for the Avalanche blockchain and Core itself (both of which are developed by Ava Labs). CryptoSlate’s testing of…

[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 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…

[ad_1] WisdomTree has submitted a filing through which it intends to gain approval from the U.S. Securities and Exchange Commission for a spot Bitcoin exchange-traded fund (ETF). WisdomTree describes its proposed investment vehicle, named WisdomTree Bitcoin Trust, as an ETF that would be listed on the Cboe BZX exchange under the ticker label BTCW, according…

[ad_1] As much of the crypto market struggles amid a series of regulatory setbacks, Bitcoin has remained resilient. Today the market’s foremost cryptocurrency broke $28,000 for the first time since May 28 in a resurgence that has seen Bitcoin’s dominance of the total cryptocurrency market cap rise to 49%. At press time, Bitcoin was trading…

[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 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…