Get summarized news on cryptocurrency, Bitcoin, Ethereum, BNB, XRP, Blockchain, DeFi, and Web3. Get summarized crypto news in less than 75 words.
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The rally in the equities markets failed to act as a tailwind to the cryptocurrency markets, which remain stuck in a range. Galaxy Digital CEO Mike Novogratz said in an interview with CNBC that the lack of enthusiasm in the crypto markets was due to an absence of institutional buying. Let’s study the charts of the top 10 cryptocurrencies to find out.
Demox Labs has debuted a new wallet for the privacy-oriented Aleo blockchain network. Called “Leo,” the wallet allows users to generate zero-knowledge (ZK) proofs within their browsers. Aleo is in its testnet phase but expects to launch a mainnet later this year.
The price of Arbitrum (ARB) rose 9% to an intraday high of $1.25 on June 2. It beat the crypto market’s total overall gains of 1.5% in the same period. ARB has printed what appears to be a bear flag, confirmed by the price consolidating between two rising trendlines.
The Bitcoin network is home to a variety of data that can offer investors, academics and fans useful insights. Those without significant IT abilities might find it difficult to obtain this data. The good news is that anyone may explore Bitcoin network data without having substantial technical knowledge thanks to the user-friendly tools, platforms and techniques that are readily available.
Right-wing ideologies often prioritize individual freedoms and limited government intervention. Bitcoin’s decentralized nature appealed to those who advocate alternative monetary systems outside of central bank control. The concept of cryptocurrency is, in some places, being linked to the right-wing — and in part, radical — positions of the AfD.
QCP Capital: Bitcoin consolidation has played out perfectly so far, but we expect that we are soon coming close to the end sometime this month. It recommends positioning for an upcoming big move through long 3m and 6m strangles here, with a bias to the long call side. June is a hotspot for both BTC and ETH volatility from 2019 onward.
Bitcoin (BTC) bounced near multiple support trend lines into June 2 as market indecision remained in force. BTC/USD hit lows of $26,519 on Bitstamp after the daily close. The pair showed little signs of a trend change as a stalemate between bulls and bears continued to produce little volatility.
Global search interest for the term “AI” has reached a new all-time high on Google. But it’s yet to hold a candle to peak Bitcoin (BTC) mania in 2017. The results, however, vastly differ in China, where cryptocurrency is banned and Google search is restricted.
CleanSpark announced that it had purchased 12,500 brand-new Antminer S19 XP units for $40.5 million. The deal worked out at $23 per terahash per second (TH/s), which is lower than the average market price. The news comes as Bitcoin mining difficulty reached an all-time high of over 50 trillion on June 1.
Twitter account of Mira Murati, chief technology officer of artificial intelligence firm OpenAI, was seemingly hacked. Murati’s account tweeted what appeared to be a phishing link promising an airdrop of a purported ERC-20 token. The post was viewed 79,600 times and retweeted 83 times before it was deleted. Some Twitter users theorize Murati was a victim of a SIM-swapping attack.