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Bitcoin News
Coinjournal
5d
163
Image Credit: Coinjournal
What happened in crypto this week
- Tether's CEO announced they are not launching a blockchain and emphasized their interest in neutrality.
- The State of Michigan pension fund disclosed holdings of over $10 million in spot Ethereum ETFs.
- The Global Dollar stablecoin has been launched, aiming to boost global stablecoin adoption.
- Bitcoin reached a new all-time high of over $77,000, following Donald Trump's presidential win.
- BlackRock's IBIT saw a record daily inflow of $1.12 billion, surpassing its previous high.
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9 Likes
Bitcoinist
5d
286
Image Credit: Bitcoinist
BlackRock’s Bitcoin ETF Surpasses Its Gold Fund In Net Assets
- BlackRock's Bitcoin ETF, IBIT, has exceeded its gold fund, IAU, in terms of net assets.
- IBIT currently holds net assets of nearly $33.2 billion, while IAU has $32.9 billion.
- This achievement is remarkable considering IBIT was launched in January 2024, whereas IAU started trading in January 2005.
- BlackRock's Bitcoin ETF also leads the US market, followed by Grayscale's GBTC and Fidelity.
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Stackexchange
5d
176
Image Credit: Stackexchange
How light can an input be?
- In the bitcoin-core reference client, CFeeRate::GetFee is a function of num_bytes.
- The smallest amount of num_bytes that a TxIn can be in practice is not specified.
- There are some test cases in the core wallet that use 150 bytes, which seems unrealistic.
- It is difficult to reproduce that calculation using the rust-bitcoin framework for inputs of 150 bytes.
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10 Likes
Zycrypto
5d
184
Image Credit: Zycrypto
Bitcoin Pops To New $77,200 Record High As Analyst PlanB Foresees Epic Path To $500,000
- Renowned crypto analyst and creator of the stock-to-flow model, PlanB, predicts that Bitcoin could reach $500,000 in the next four-year cycle based on historical patterns.
- Bitcoin crossed the $77,000 mark for the first time following Donald Trump's election win and the Federal Reserve's rate cut.
- PlanB suggests that Trump's proposal to establish a national BTC reserve could act as a catalyst for demand, potentially adding '200,000 BTCs per year' in buying pressure.
- Jan Van Eck also predicts new highs for Bitcoin, with a potential value of $300,000 based on his belief that Bitcoin's value will be half that of all the gold outstanding.
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11 Likes
Bitcoinist
5d
377
Image Credit: Bitcoinist
Bitcoin Open Interest To Cap Ratio Hits 2-Year High, Cooldown Imminent?
- The Bitcoin Open Interest to Market Cap Ratio has surged to a 2-year high.
- The Open Interest measures the total amount of derivatives positions related to BTC.
- The ratio implies paper BTC has been printed faster than the Market Cap has risen.
- High Open Interest to Market Cap Ratios historically indicate excess leverage in the sector.
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22 Likes
Bitcoinist
5d
69
Image Credit: Bitcoinist
Detroit Becomes Largest US City To Accept Bitcoin And Crypto For Tax Payments
- Detroit plans to become the largest US city to accept Bitcoin and other cryptocurrencies for tax payments.
- Residents will be able to make payments through a platform managed by PayPal from mid-2025.
- The move aims to increase accessibility and modernize payment systems in the city.
- Detroit is also inviting blockchain entrepreneurs to pitch ideas for civic applications of the technology.
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4 Likes
Nigeriabitcoincummunity
5d
176
BonkBot Setup and Trading Guide: The Ultimate Tutorial
- This guide breaks down everything you need to set up your BonkBot, trade like a pro, and manage your funds effectively.
- BONKbot is a powerful trading bot for the Solana blockchain, integrated into Telegram to automate trades 24/7.
- Users can easily set automated buy/sell parameters for meme coins, monitor positions, and view key metrics like profit and market cap.
- Let’s dive into the settings!
- The guide walks through every detail of setting up BonkBot, including general settings, auto buy, buy/sell button configurations, slippage config, and more.
- You can fund your BonkBot wallet by displaying the wallet address, buying SOL from a top exchange, and depositing it to your BonkBot wallet.
- To buy or sell a meme coin with BonkBot, simply paste the contract address and select the amount to buy or sell.
- BonkBot is the top trading bot on Solana, used by over 18,000 degens.
- Consider other top crypto trading bots for multiple blockchains.
- If you face any challenges, the post author offers to provide further guidance.
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10 Likes
Stackexchange
5d
25
Image Credit: Stackexchange
Crypto Asset Recovery With Cranix Ethical Solutions Haven
- The author shares their experience of being scammed by an individual named Scott, who promised high profits from an investment.
- After being ignored by Scott, the author found CRANIX ETHICAL SOLUTIONS HAVEN, a company specializing in helping scam victims recover their funds.
- Impressed by positive reviews and success stories, the author contacted CRANIX ETHICAL SOLUTIONS HAVEN and submitted their case.
- To the author's surprise, their initial investment of 3,000 CAD was successfully recovered with the help of CRANIX ETHICAL SOLUTIONS HAVEN.
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1 Like
Zycrypto
5d
270
Image Credit: Zycrypto
Shiba Inu Eyes 2000% Bull Storm as Trump’s Win Mints 12,000 New Crypto Millionaires
- Shiba Inu (SHIB) shows potential for a significant upward movement due to a bullish pennant consolidation.
- Lead developer plans to launch a Strategic Hub for Innovation and Blockchain (S.H.I.B) in the United States.
- Bitcoin reaches a new all-time high as Donald Trump's victory leads to an increase in Bitcoin millionaires.
- Crypto community expects Trump's regulatory policies to be more favorable towards the industry.
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16 Likes
Zycrypto
5d
221
Image Credit: Zycrypto
Solana’s Weekly DEX Volume Elbows That of Ethereum with Mt.Gox’s 2.2 Billion Bitcoin Movement Causing Jitters
- Solana's decentralized exchange (DEX) volume has surpassed that of Ethereum, indicating increased confidence and interest in Solana's DeFi market.
- Solana recently overtook Binance Coin (BNB) in market value, reaching the fourth position with a market cap of $93.6 billion.
- The number of active Solana addresses has surpassed 150 million, showcasing significant network activity.
- Mt.Gox, a defunct crypto exchange, caused concern due to the transfer of $2.22 billion worth of Bitcoin, highlighting the need for regulatory oversight and security in the industry.
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13 Likes
Zycrypto
5d
102
Image Credit: Zycrypto
Monumental Milestone: BlackRock’s Bitcoin ETF Is Now Bigger Than Its Gold ETF Just Months After Launch
- BlackRock’s Bitcoin ETF, the iShares Bitcoin Trust (IBIT), has surpassed the assets under management of its iShares Gold ETF (IAU), just 10 months after its launch.
- IBIT has accumulated $33.17 billion in assets, exceeding IAU's $32.96 billion, marking a significant milestone.
- The success of IBIT can be attributed to its bullish strength, boosted by Donald Trump's support for the crypto sector during his presidential campaign.
- The victory of Trump is also expected to open doors for several proposed cryptocurrency ETFs awaiting approval from U.S. regulators.
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6 Likes
Bitcoinist
5d
402
Image Credit: Bitcoinist
Bitcoin Profitability Skyrockets To Record Levels With 99.9% Of Addresses In Profit
- Bitcoin's recent surge to a new all-time high has led to massive profits for investors.
- Approximately 99.9% of all BTC addresses are currently in profit, highlighting strong accumulation and investor confidence.
- However, a bearish shift could occur as historically, periods of high profitability have been followed by brief corrections in the market.
- The average profitability index for Bitcoin is also approaching previous cycle levels, indicating heightened gains for investors.
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24 Likes
Insider
5d
77
Image Credit: Insider
What the crypto market actually wants from a Trump presidency
- The crypto market hopes for regulatory changes and a role for bitcoin in the economy under Trump's presidency.
- The industry wants a regulatory overhaul, replacing heads with more crypto-friendly individuals and providing incentives for crypto businesses.
- Crypto players are watching for the repeal of SAB 121 and the passage of key bills to strengthen consumer protections and clarify regulatory roles.
- Speculation of a strategic bitcoin reserve under Trump's administration has created enthusiasm among crypto bulls.
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4 Likes
TheNewsCrypto
5d
28
Image Credit: TheNewsCrypto
Ethereum (ETH) Breaks $3000 After Prolonged Struggle
- Ethereum (ETH) has broken the $3,000 mark after a prolonged struggle.
- This recovery comes as the crypto market gains bullish momentum, fueled by Bitcoin's new all-time highs.
- Ethereum's recent rally reflects growing interest, with open interest in ETH futures nearing its all-time high.
- There is speculation that Ethereum may revisit the $4,000 mark by the end of the year.
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1 Like
Bitcoinsensus
5d
308
Image Credit: Bitcoinsensus
Poland’s KNF Warns About Crypto.com Operations in Poland
- Poland’s KNF has issued a public warning about Crypto.com's unlicensed financial activities in Poland.
- The warning does not ban Crypto.com but cautions Polish investors about potential risks.
- Crypto.com is working with legal advisors to resolve regulatory issues raised by the KNF.
- Poland maintains a regulatory approach aimed at preventing illicit activities without banning cryptocurrencies.
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18 Likes
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