Author: CryptooTimes
The incoming selling pressure from the Mt. Gox repayment could still cause the Bitcoin price to fall below the psychological $60,000 mark.
After many traders’ funds were marooned on the collapsed crypto exchange FTX, there’s been a push toward alternative structures, such as in-custody settlement networks and the like. Copper’s off-exchange network provides hundreds of institutional customers with connectivity to OKX, Bybit, Deribit, BIT, Gate.io, Bitfinex, Bitget and PowerTrade, with Bitstamp and Bitmart soon to go live, according to a press release.
The recent Lido DAO (LDO) price analysis has proven highly accurate. On Friday, June 21, the recommendation was to short LDO at the resistance level of $2.30, with an expected drop to the $2.00 support level. As predicted, the price reached a low of $1.991, validating the strategy and the identified golden pocket between $1.997 and $2.016. TradingView Fibonacci Retracement Initiating short positions on June 21 at around $2.245, or even at the close of the day at $2.263, would have resulted in an impressive 11.62% profit. TradingView Short Position Return Additionally, the recommendation to reenter at $2.00 also proved…
Ether restaking is a “robust financial tool,” but investors need to understand the number of loops they are adding.
Overweight-rated Iris Energy (IREN) is best positioned to take advantage of the opportunity, the report said, noting that the company has excess power capacity and is not wedded to bitcoin mining. Iris Energy was early to embrace the HPC trend and is already running graphics processing units (GPUs) at its facilities, the bank noted. The firm has a track record of building and delivering high-quality data centers on time and has access to a decent amount of power.
The Solana blockchain network has rolled out a new feature called ZK Compression, developed through a collaboration between Light Protocol and Helius Labs. Launched on June 21, the solution aims to slash on-chain storage costs by 99%. ZK Compression uses zero-knowledge (ZK) proofs to compress on-chain data, meaning that developers can now, theoretically, store crucial data on Solana’s more cost-effective ledger space without compromising on security or performance. By utilizing sparse state trees, a hash of off-chain data is stored on-chain for verification, ensuring data integrity and significantly slashing storage costs. According to Light Protocol, ZK Compression can cut the…
The founder of SlowMist has warned that the Telegram messenger ecosystem is “too free” for exploiters of the TON ecosystem.
“Metaplanet Inc. (3350:JP) hereby announces that the Board of Directors has resolved to purchase Bitcoin worth 1 billion yen as of today’s meeting,” it said. “While our basic policy is to hold Bitcoin for the long term, if we use Bitcoin for operations or other purposes, the corresponding Bitcoin balance will be recorded as current assets on the balance sheet.”
Interoperability giant LayerZero has experienced a significant drop in the value of its native token, ZRO, which plummeted by 14%, making it the top loser in the crypto market today. At the time of writing, ZRO is trading at $2.68, representing a 13% decline over the past 24 hours, according to CoinMarketCap. During this period, the token’s trading volume fell by 41% to $146 million. ZRO 24-hour price chart | Source: CoinMarketCap Additionally, the market capitalization of LayerZero’s crypto assets dipped below $700 million, now standing at $670.8 million. LayerZero is a fully connected mesh network that enables smart contracts…
If it could buy the Bitcoin today, Metaplanet’s total Bitcoin holdings would be 241 Bitcoin, worth around $15 million.
