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Bitcoin News
Altcoinbuzz
4w
187
The $XDEFI to $CTRL Migration is Coming!
- Ctrl wallet, formerly known as XDEFI wallet, is undergoing a rebranding and migration process.
- The migration portal will go live on October 17, allowing users to migrate their XDEFI tokens to CTRL.
- Exchanges like Gate.io, KuCoin, and Huobi Global will stop XDEFI trading and deposits on October 22, and start trading CTRL on October 23.
- The migration process is simple and gas-free until December 31, with a 1:1 token swap ratio.
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Cryptopotato
4w
13
Image Credit: Cryptopotato
Bitcoin Price Analysis: BTC Soars to $65K, This is the Next Target
- Bitcoin's price shows signs of bullish continuation, breaking through the 200-day moving average and the $64K resistance level.
- The daily candle closing above these resistance elements suggests a potential rally towards the $68K level.
- The 4-hour timeframe indicates a bullish market structure, with the price breaking a large bullish flag.
- Positive BTC funding rates indicate increased market optimism, but investors should still exercise caution.
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Bitcoinist
4w
134
Image Credit: Bitcoinist
Bitcoin Price Hits $64,000: Here Are Some Marker-Moving Events To Watch Out For This Week
- The Bitcoin price is back above $64,000, sparking bullish sentiments for 'Uptober' rally.
- Macro events to watch out for this week include September retail sales data, Philly Fed manufacturing data, and September Housing starts data.
- 11 Fed speaker events this week could provide insights into the Fed's stance ahead of the November FOMC meeting.
- Positive earnings reports from financial firms like Morgan Stanley, Goldman Sachs, and Citigroup may impact the Bitcoin price and the broader crypto market.
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TheNewsCrypto
4w
120
Image Credit: TheNewsCrypto
Bitcoin Miners Feel the Heat as Hashrate Climbs and Profits Drop
- Bitcoin mining profits fell in September 2024 as hashrate rose 1.7% and prices stayed flat.
- Average daily revenue per exahash fell by 2.6%, putting pressure on Bitcoin miners’ profit margins.
- North American mining companies increased their share of total mining from 19.9% to 22.2% in September.
- Marathon Digital leads in installed hashrate at 36.9 exahashes per second (EH/s).
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Bitcoinsensus
4w
214
Image Credit: Bitcoinsensus
Trump Announces World Liberty Financial Token Sale
- Former President Donald Trump announces the sale of World Liberty Financial (WLF) tokens, starting on October 15th.
- The announcement draws mixed reactions, with some supporting Trump's DeFi initiative and others questioning the timing.
- WLF Spaces to host an exclusive event on October 14th, featuring special VIP guests and discussing the token launch.
- The launch of WLF tokens showcases the intersection of politics and emerging financial technologies, evoking both criticism and support.
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Crypto-News-Flash
4w
339
Image Credit: Crypto-News-Flash
4 Major US Economic Events This Week: How Will They Affect the Crypto Market?
- The cryptocurrency markets may experience influence this week from U.S. jobless claims, retail sales, and industrial production data.
- Investors and traders closely monitor these reports to gain insights into future sales, investments, possible profits, and decisions made by the Federal Reserve.
- Key economic events this week include the release of initial jobless claims, U.S. retail sales report, industrial production data, and corporate earnings reports.
- Positive economic indicators may lead to increased investor confidence and investment in cryptocurrencies, while negative surprises could result in volatility and caution in both traditional and digital asset markets.
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Newsbtc
4w
344
Image Credit: Newsbtc
Tron Token Burn: 10 Million Gone—What Does It Mean For TRX Price?
- TRON recently burned over 10 million tokens, showcasing its commitment to a deflationary approach to enhance value.
- Analysts predict a potential 57% price increase for TRON in the next three months, and a remarkable 208% rise over six months.
- Technical indicators suggest a positive trend for TRON, with potential for sustained gains in the short term.
- Increasing investor interest, coupled with TRON's token burn strategy, may contribute to higher prices.
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Bitcoinist
4w
268
Image Credit: Bitcoinist
Bitcoin Open Interest Decline Mirrors 2021 Drop, Is History About To Repeat?
- Bitcoin's Open Interest (OI) has witnessed a significant decline, similar to the dip experienced in 2021.
- The decline in open interest reflects increasing uncertainty in the market, leading traders to close their positions.
- Understanding institutional interest will be crucial for Bitcoin's upward movement.
- Bitcoin starts the week on a positive note, reclaiming the $64,000 mark and showing potential for further gains.
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Altcoinbuzz
4w
393
Avalanche to Buy Back 2M AVAX Tokens
- The Avalanche Foundation is repurchasing 2 million AVAX tokens for $45.5 million.
- The buyback helps protect Avalanche's interests and avoid legal battles.
- The tokens were originally sold to the Luna Foundation Guard for $100 million.
- The repurchase ensures the tokens remain safe and out of the Terra bankruptcy process.
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23 Likes
Zycrypto
4w
165
Image Credit: Zycrypto
Ancient Bitcoin Whale Resurrects After 11 Years, Realizing Enormous 10,400% Profit
- An ancient Bitcoin whale, dormant for nearly 11 years, has awakened and realized a massive profit of 10,409% on its initial investment.
- The whale, which held 18 BTC worth over $1.1 million, transferred some of its holdings to two new wallet addresses.
- The last transactions from this whale occurred 10.9 years ago, with a total BTC value of approximately $10,883 at the time.
- This event highlights Bitcoin's long-term profitability and the benefits of being a hodler, as the cryptocurrency continues to soar in value.
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Bitcoinik
4w
250
Image Credit: Bitcoinik
Bitcoin Search Interest Hits One-Year Low as Traders Shift Focus to Meme Coins Amid Market Uncertainty
- Google search volume for "Bitcoin" reaches one-year low while meme coin search volume is increasing.
- Bitcoin's trade price is currently down 3% over the last 3 months, dampening expectations of a significant rally.
- Google search volumes for "Bitcoin" dropped to a 1-year low, while "memecoins" gained more attention.
- Despite the current market uncertainty, many Bitcoin analysts remain optimistic about the future.
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Altcoinbuzz
4w
71
Ryan Salame Begins Prison Sentence for FTX Collapse
- Ryan Salame turned himself in at FCI Cumberland to begin his prison sentence for the FTX collapse.
- He was sentenced to 90 months in prison for running an unregulated money-transmitting business and campaign finance violations.
- Salame's surrender was preceded by his appearance on Tucker Carlson's podcast and an interview on Laura Shin's Unchained podcast.
- He plans to study law in prison to learn enough to represent himself, believing that previous legal advice led to his felony convictions.
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TechBullion
4w
429
Image Credit: TechBullion
Ion Mining: Leading the Future of Cloud Mining
- Ion Mining offers state-of-the-art cloud mining services designed for individual users and investors, without the need to manage hardware, software, or energy costs.
- The company's infrastructure supports mining of popular cryptocurrencies like Bitcoin and Ethereum, with maximum efficiency and profitability.
- Users can rent a portion of the company's powerful machines, housed in modern data centers around the world, that are operated and maintained by Ion Mining's expert team.
- Miners can monitor their mining activity and earnings in real time with the platform's user-friendly dashboard, which displays data on hashing power, mining progress, earnings, and hardware performance.
- Ion Mining offers flexible pricing plans according to specific needs, with no hidden fees, that can be upgraded or downgraded as required.
- The company's affiliate program allows users to earn rewards by referring others to the platform, offering competitive payouts and potential income maximization.
- Ion Mining is a user-friendly platform accessible to all, and no upfront investment in costly mining hardware is required.
- User data and funds are safeguarded by advanced encryption methods, multi-factor authentication, and international cryptocurrency regulations compliance.
- Due to its strategic use of renewable energy in its data centers, Ion Mining is also committed to sustainable mining practices and reducing environmental impact.
- Ion Mining is a leading player in the cloud mining space, offering scalable solutions that cater to both beginners and experienced miners.
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25 Likes
Newsbtc
4w
438
Image Credit: Newsbtc
WIF Bulls Charge Toward $2.89 As Key Resistance Test Looms
- WIF is gaining bullish momentum, surging toward the critical $2.89 resistance level.
- Buyers are stepping in, driving the asset higher and setting the stage for a potential breakout.
- Technical indicators and market sentiment suggest a possible rally continuation with further gains.
- If WIF fails to break the resistance, a pullback toward the $2.2 support level could occur.
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Bitcoinsensus
4w
111
Image Credit: Bitcoinsensus
Ethena Labs Proposes SOL as Collateral for Synthetic Stablecoin
- Ethena Labs proposes using Solana (SOL) as collateral for USDe, its synthetic stablecoin
- If approved, SOL could represent 5-10% of USDe’s collateral, with an initial allocation target of $100-200 million
- The proposal includes using liquid staking tokens (LST) like BNSOL and bbSOL, mirroring the current use of ETH LSTs
- This proposal shows a strategic shift towards diversifying USDe's treasury and aligning with the trend of using asset-backed tokens in DeFi
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