Crypto News
WHY IS CRYPTO DOWN? ETH LEADS CRYPTO LOWER, PCE INFLATION TODAY
ETH leads majors lower, BTC ETF inflows flip ETH. US partners with LINK & PYTH to put data onchain. US to create path for offshore exchanges to return. 92 crypto related ETPs in the works. 21Shares files for SEI & HYPE ETFs. Binance futures trading briefly goes down. American Bitcoin to list on Nasdaq in September. China’s CNPC again studying stablecoins. Current BTC price too low: JPM. $200m BTC Infra Acquisition SPAC formed. SOL DeFi TVL back to ATH. DFDV buys $77m SOL. Caliber establishes LINK treasury. Robinhood launches TON spot trading. CoinShares targets US listing.Source link
DYDX Price Drops 4.5% Despite Community Upgrade Votes – Key Support at $0.59
DYDX trades at $0.61 after falling 4.5% in 24h, testing critical support despite positive community developments around platform upgrades. (Read More)Source link
Bitcoin Nosedives to $108K as $110M in Longs Vanish in 24 Hours
Bitcoin’s valuation slipped beneath $109,000 on Friday, tapping a session low of $108,104 per coin as all four major U.S. stock indexes traded in the red. Crypto Carnage: Bitcoin Dips With Derivatives on Fire Earlier in the day, bitcoin hovered between $110,500 and $111,100 before diving to its intraday floor of $108,104. The decline cameSource link
PancakeSwap CAKE Price Falls 4.1% Despite $12M Token Burn and Security Upgrades
CAKE trades at $2.51 after declining 4.13% in 24 hours, testing lower Bollinger Band support despite recent positive developments including an 8.27 million token burn. (Read More)Source link
Bitcoin Miner IREN’s AI Push Gains Momentum, Price Target Hiked 60% to $37: Canaccord
IREN (IREN) reported fourth-quarter results that highlighted rapid progress in both its bitcoin mining and artificial intelligence infrastructure businesses, according to a Friday research report by broker Canaccord Genuity.The broker reiterated its buy rating on the stock and hiked its price target 60% to $37 from $24, citing stronger visibility in both mining and AI revenue streams.In early trading, shares are higher by 25% to $28.75.The company’s mining unit reached an annualized revenue run rate above $1 billion, powered by 50 exahash per second (EH/s) of capacity and one of the industry’s most efficient fleets at 15 J/TH, operating on 3.5 cent/kWh power, analysts led by Joseph Vafi wrote. That translates into a $36,000 cost to mine a bitcoin, well...