Bitcoin sunk to under $50,000 at the start of US trading on Aug. 5, prompting a huge spike in trading volumes of crypto-related ETFs. Source: https://cointelegraph.com/news/us-bitcoin-ethereum-etfs-6-billion-volume-crypto-crash?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
A closely followed crypto strategist thinks three altcoins including the layer-1 project Sui (SUI) are in the midst of a clear downtrend. Pseudonymous analyst Altcoin Sherpa warns his 218,900 …
Bitcoin’s 30% decline in a week was for some observers reminiscent of the March 2020 crash, but there’s been multiple occasions of similar drawdowns during previous bull markets. Source: …
It depends on what you’re trying to protect that value from. Day-to-day market volatility, no. Confiscation or monetary inflation, maybe. Source: https://www.coindesk.com/markets/2024/08/05/is-bitcoin-still-a-store-of-value/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
DePIN enables the tokenization of machines, opening up RWA investments and spreading benefits to owners and users, says Leroy Hofer, CEO and co-founder of Teneo Protocol. Source: https://www.coindesk.com/opinion/2024/08/05/depin-and-machine-data-can-change-web3/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
A deluge of crypto-industry money may have helped achieve a very narrow Arizona congressional primary win this week for Yassamin Ansari, a crypto-cheering Phoenix City Council member who faced …
Also: the Democrat gains on Trump but hasn’t closed the gap, unlike in polls; Polymarket punters trade on Olympic women’s boxing controversy; Fed will cut rates fast and hard …
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug 5, 2024. First Mover is CoinDeskâs daily newsletter that contextualizes the latest actions in the …
Justin Sun, the founder of the TRON ecosystem, is taking bold steps to address market fears and uncertainties (FUD) despite facing personal financial losses. On August 5, Sun announced …
The founder of decentralized finance protocol Aave said the platform generated $6 million worth of revenue during Monday’s crypto market sell-off. Source: https://www.coindesk.com/business/2024/08/05/defi-giant-aave-rakes-in-6m-in-revenue-as-crypto-market-plunges/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
