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Cryptopotato
2M
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Bitcoin Dominance Hits Multi-Year High: What Does it Mean For Altcoins?
- Bitcoin dominance reached a multi-year high of 58% on September 16, the highest since April 2021.
- Ethereum dominance has declined by 30% over the past year, falling below 14% for the first time in three and a half years.
- Analysts have differing opinions on Bitcoin dominance, with some suggesting a potential retreat and the start of an altseason.
- Crypto markets have declined by 1.4% with Bitcoin reclaiming the $58,000 level.
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Cryptonews
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MicroStrategy to Launch $700M Debt Offering, Aims to Expand Bitcoin Holdings
- MicroStrategy announced its third debt offering of 2024, aiming to raise $700 million to pay off existing debt and invest in more Bitcoin.
- The company is currently the world's largest corporate holder of Bitcoin, with 244,800BTC valued at approximately $14 billion.
- The debt offering will be in the form of convertible senior notes, with proceeds to be used for debt repayment and Bitcoin purchase.
- Only qualified institutional investors will be eligible to participate in the debt offering.
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Bitcoinist
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Is Bitcoin Ready to Boom? This Signal Points To Strength
- Bitcoin has fallen below $60,000 but is still inside the bullish engulfing bar of September 13, indicating a short-term northward trend.
- On-chain data suggests the possibility of Bitcoin printing out a bottom, with the Mayer Multiple falling to 0.9 and potentially reaching 0.7 as a market bottom signal.
- The Bitcoin futures market shows hints of strength as the Futures Sentiment Index is turning up, historically indicating rising prices.
- Bitcoin bulls aim to push prices higher, with a close above $69,500 potentially triggering a market fear of missing out (FOMO) and pushing the coin to new horizons.
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Livebitcoinnews
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Chain Fusion Hub @ Token2049 by ICP Leads Discourse on AI, Web3 & Cross-Chain Technology
- Internet Computer Protocol (ICP) is hosting Chain Fusion Hub @ Token2049 in Singapore, a 2-day conference event on AI and cross-chain technology in blockchain industry during Singapore and Asia Crypto Week.
- The event aims to create the interoperable Web3 future and brings together leading speakers, government and funding institutions, projects and ecosystems in Ethereum, Bitcoin, Cosmos and more. The event will take place on September 19 and 20, between 10:00 and 19:00 UTC+8 at The Fullerton Hotel Singapore.
- ICP’s groundbreaking approach to decentralization is its crucial contributing factor to AI integrations which enables AI applications to function globally without relying on traditional cloud service providers.
- Day One kicks off with AI Web3 City Luncheon that explores the convergence of AI and Web3 in transforming urban living and creating smart and inclusive cities. Followed by Chain Fusion Day, with exciting presentations and panels of cross-chain solutions and collaborations.
- Day Two starts off with three events running concurrently – AI 2049 which delves into AI in Web3 innovations and the dialogue around AI and blockchain governance; the Olympus Brunch | Bitcoin Edition which features founders, builders and investors in the Bitcoin ecosystem.
- Chain Fusion Hub is a sounding board for important conversations in the cross-chain and interoperability space. The events serve as a catalyst for innovation, bringing together brilliant minds to foster dialogue and build solutions that definitively bridge gaps between blockchains.
- ICP’s Chain Fusion technology integrates Bitcoin directly into the network via ckBTC, allowing ICP smart contracts to read and write directly to the Bitcoin network. DFINITY aims to create a decentralized internet prioritizing data ownership, security, and privacy.
- Chain Fusion Hub is a global event series on a mission to create the interoperable Web3 future and uniquely designed to bring together the strongest builders from across different chains.
- Over the two days, ICP hosts a series of events alongside partners, with the event attracting some of the leading figureheads, institutions and projects in the space.
- Dominic Williams (DFINITY), Michael Terpin (Transform Ventures), Sunny Aggarwal (Osmosis), Francesca Puricelli (UNDP), Dr. Marwan (Dubai Dept of Economy and Tourism), H.E. Dr. Seingheng Hul (Ministry of Science and Technology MISTI, Cambodia), Dr. David Lee (Global Fintech Institute), Casey Rodarmor (Ordinals & Runes), NewTribe Capital, Cointelegraph, Malaysia Digital Economy Corporation (MDEC), Omnity Network and many others will convene to engage in conversations at the cutting edge of Web3 & AI technology.
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Newsbtc
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Bitcoin Investors Succumb To Fear As BTC Erases $60,000 Weekend Recovery
- Bitcoin market sentiment has switched to fear after a retrace and BTC saw a $58,000 level.
- The Fear & Greed Index is currently pointing to fear in the market.
- The index value of 39 suggests that investors are slightly fearful at the moment.
- Bitcoin has dropped over 3% in the past day, bringing its price to $58,100.
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Altcoinbuzz
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3 ULTRA Small Cap Altcoins for Sep-Dec 2024
- Being early in crypto pays off, and here are three ultra small-cap altcoins Common Wealth ($WLTH), Three Protocol ($THREE), and Polytrade ($TRADE) that can bring big rewards to early investors.
- Common Wealth ($WLTH) offers early-stage access to the top projects around the world just like VCs to early investors.
- Three Protocol ($THREE) is a decentralized marketplace that uses AI to make eCommerce more efficient and effective. It has more features like ZKi3s, Tri Proof Smart Contracts, Procurement Matching Neural Network AI, and 3Pay.
- Polytrade ($TRADE) has an RWA or Real-World Assets marketplace, which offers a tokenization of the assets and fractionalization. It has two categories - Discovery and Secondary - in its marketplace.
- The current $WLTH token price is 38 cents, and the market cap is still low at $12 million. The max supply is 1 billion $WLTH.
- The current price of $THREE is 8 cents, and the market cap is $7.8 million, with a total circulating supply of 100 million $THREE tokens.
- The current $TRADE price is 50 cents, with an $18.9 million market cap. Out of the 100 million max supply of $TRADE, 37.5 million circulate.
- Early investors in $MATIC and $SOL made 150x to 1200x on their investment. These three small-cap altcoins could offer the same kind of return on investment.
- These small-cap altcoins are high-risk investments. Please do due diligence before investing in them.
- Disclaimer: The information discussed here is not financial advice. This is for educational, entertainment, and informational purposes only.
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15 Likes
Bitcoinist
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MicroStrategy’s Bitcoin Ambitions: $700 Million Fundraise For Further Acquisitions
- Business intelligence firm MicroStrategy plans to offer $700 million in convertible senior notes due 2028.
- Proceeds will be used to redeem existing debt and release collateral secured by approximately 69,080 BTC.
- MicroStrategy recently acquired 18,300 Bitcoin, bringing its total holdings to approximately 244,800 BTC.
- Bitcoin price experienced losses in the past 24 hours, but still shows gains in the weekly timeframe.
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Bitcoinsensus
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JP Morgan CEO Warns of Recession and Stagflation Risk
- JP Morgan CEO, Jamie Dimon, warns of the risk of stagflation, a combination of inflation and slow or negative economic growth.
- Stagflation is a challenging economic condition to combat through monetary policy.
- The crypto market has never experienced stagflation, which adds uncertainty for investors during potential economic turmoil.
- Investors, especially in the crypto sector, should closely monitor the actions of the Federal Reserve and major economic indicators to navigate future uncertainty.
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Cryptonews
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Bitcoin Faces High Volatility Amid Rate Cuts, Analysts Predict Potential Sell-Off
- Bitcoin has rallied 15% since hitting its weekly low of $52k.
- Volatility in the market is expected due to US Federal Reserve's rate cuts.
- Conservative rate cuts may cause a sell-off, while aggressive rate cuts could lead to a breakout from Bitcoin's $61k ceiling.
- Macroeconomic conditions will play a significant role in Bitcoin's price by the end of 2024.
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Coin Telegraph
2M
18
Donald Trump silent on World Liberty Financial, team unveils WLFI token
- Donald Trump didn’t share any details about his family’s new crypto platform during his talk on X.
- The team later revealed that a token would be launched.
- Trump mentioned crypto towards the end of the talk, stating that they will make the country greater than ever before.
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Bitcoinist
2M
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Crypto Investment Flow: Bitcoin Rebounds With $436 Million Inflows As Ethereum Stumbles
- Global crypto investment products saw a rebound with $436 million in net inflows last week, driven by Bitcoin's resurgence.
- Bitcoin-based funds generated $436 million in net inflows, reversing a 10-day streak of outflows.
- Short Bitcoin investment products registered net outflows of $8.5 million, indicating a change in investor strategies.
- Ethereum-based funds continued to struggle, experiencing net outflows of $19 million.
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16 Likes
TronWeekly
2M
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Bitcoin Crashes Below $59K as Silver Takes Surge Past $31
- Bitcoin critic Peter Schiff highlights silver's surge as BTC struggles.
- Schiff believes BTC cannot compete with precious metals like gold and silver.
- Schiff warns of a broader economic peak and suggests investors turn to assets like gold.
- Schiff criticizes mainstream media for downplaying gold's record-breaking rise.
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3 Likes
Bitcoinist
2M
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Bitcoin Price Drops With Fed Rate Cuts On The Horizon: Calm Before The Storm?
- Bitcoin (BTC) price declined by 2.7% ahead of the US Federal Reserve (Fed) rate cuts.
- The rate cuts are expected to stimulate the economy and lower borrowing costs for businesses.
- However, experts believe rate cuts might not have the desired effect on risk-on assets like cryptocurrencies.
- The outcome of the US Presidential Elections could also impact the future price trajectory of Bitcoin.
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Newsbtc
2M
234
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DeFi Platform Delta Primes Loses $6 Million In Security Breach, Is North Korea Involved?
- Decentralized Finance (DeFi) platform Delta Primes experienced a security breach, resulting in a loss of $6 million from the project's pools.
- The attack is under investigation, with suspicions that it could be linked to North Korean hackers and part of a larger-scale scheme.
- The breach involved multiple suspicious transactions and a compromised private key, leading to the theft of funds from DeltaPrime Blue on the Arbitrum chain.
- On-chain investigators noted similarities between this attack and a previous hack involving North Korean IT workers in the crypto space.
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14 Likes
Bitcoinist
2M
105
Image Credit: Bitcoinist
BREAKING: Secret Service Foils 2nd Assassination Try Of Trump; Trump-Based Crypto Tokens Collapse
- The FBI has reported that Donald Trump was the target of an attempted assassination at his golf club in Florida. A suspect was apprehended by Secret Service agents.
- The suspect, Ryan Wesley Routh, was armed with an AK-style rifle and was caught on the I-95 highway.
- The incident raises concerns about the protection of political officials, while Trump's safety was praised by Vice President Kamala Harris and President Biden.
- Following the attempted assassination, Trump-based crypto tokens experienced heavy losses, with MAGA, TRUMP, and TREMP dropping in value.
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