Crypto News
Merlin: Leading Consumer-Focused Innovation and Meme-Driven Culture in the Bitcoin Ecosystem
PRESS RELEASE. Merlin has emerged as a pioneer in the Bitcoin ecosystem, driven by a consumer-focused approach and the dynamic meme-driven culture. By aligning cutting-edge technology with the viral appeal of meme narratives, Merlin is unlocking new applications and value propositions for Bitcoin. Among the various Bitcoin Layer 2 projects, Merlin stands out with itsSource link
Crypto Daybook Americas: Bull Momentum Stalls Ahead of Fed Rate Cut
By Omkar Godbole (All times ET unless indicated otherwise)Bitcoin and ether's bull momentum has hit a roadblock. The U.S. Producer Price Index (PPI) came in hotter than expected Thursday, prompting investors to tighten their stances and keep a bid for the dollar, as we anticipated. There's also the Truflation index stirring up concern. Seen by some as more reliable than government numbers, it rose above 3% for the first time in over two years.But guess what? Fed fund futures remain confident the central bank will cut rates by 25 basis points next week, and traders on decentralized exchanges, who have a knack for catching big trends, remain as bullish as ever. The sentiment is reflected in the impressive $64.8 million...
Donald Trump Backed World Liberty Financial’s Big Bet on AAVE, ETH and LINK
“I think it is a play at supporting the assets that their DeFi platform will be using," a Nansen research analyst told Decrypt.Source link
Ethereum’s Buterin Acknowledges Argentine Peso’s Comeback
Ethereum founder Vitalik Buterin has acknowledged the performance of the Argentine fiat currency, the peso. On social media, Buterin stated that the Argentine peso to U.S. dollar exchange rate was exactly the same as it was one year ago. Praising Argentine President Milei’s achievements during his first year in office, Buterin declared: “Quite an impressiveSource link
Miners Are Adopting the Same Bitcoin Acquisition Strategy as MicroStrategy: JPMorgan
MicroStrategy (MSTR), the software company founded by Michael Saylor, is not the only large-scale corporate buyer of bitcoin (BTC), JPMorgan (JPM) said in a Wednesday report. Crypto miners are also adopting the accumulation strategy. The shift to building up bitcoin holdings is driven by growing pressure on profitability, which stems from the reward halving in April and a rising network hashrate, the report said. Hashrate is the total computational power used to mine and process transactions on a proof-of-work blockchain and is a proxy for competition in the industry and mining difficulty."This likely prompted miners to hoard or seek further investments into bitcoin or diversify into AI/HPC businesses," analysts led by Nikolaos Panigirtzoglou wrote, referring to artificial intelligence and...