🚀 Dormant Bitcoin Address Activated After Over A Decade
#Bitcoin #cryptocurrency #dormant #WhaleAlert #marketmovements #BTC
According to BlockBeats, on October 1, WhaleAlert monitoring revealed that a dormant Bitcoin address was activated after 10.7 years. The address, which contained 41 BTC valued at approximately 2,611,481 USD, was activated at around 07:03 UTC+8. This activation marks a significant event in the cryptocurrency community, as long-dormant addresses often attract attention due to the potential implications for market movements and the identity of the address holder.#Bitcoin #cryptocurrency #dormant #WhaleAlert #marketmovements #BTC
🚀 BlackRock's Ethereum ETF Faces Slow Start Compared To Bitcoin ETF
#BlackRock #EthereumETF #BitcoinETF #tradingvolume #fundinflows #digitalassets #MessariMainnet #investing #education #assetsundermanagement
According to Odaily, BlackRock's recently launched Ethereum ETF has seen significantly lower trading volume and fund inflows compared to its Bitcoin ETF. Robert Mitchnick, the company's head of digital assets, does not expect this trend to change soon. Speaking at the Messari Mainnet conference in New York, Mitchnick acknowledged that the performance of BlackRock's Ethereum ETF has been 'less impressive' compared to the Bitcoin ETF so far. However, he urged the audience to compare ETHA with the overall ETF market, noting that it is very rare for an ETF like Ethereum to reach $1 billion in assets under management within seven weeks. In most cases, it takes many years for a new ETF to achieve this scale.
Mitchnick explained that the investment narrative for Ethereum is not as easily digestible for many investors, which is why BlackRock is committed to an educational journey with many clients. He emphasized that while Ethereum's trading volume and assets under management may not match Bitcoin's, it is still a good start.#BlackRock #EthereumETF #BitcoinETF #tradingvolume #fundinflows #digitalassets #MessariMainnet #investing #education #assetsundermanagement
🚀 UBS Predicts Continued Decline Of US Dollar, Advises Portfolio Reassessment
#USDollar #UBS #Investment #PortfolioReassessment #CurrencyHedging #Gold #FiscalDeficits #InterestRates #Diversification
According to PANews, UBS forecasts a continued depreciation of the US dollar and recommends investors reassess their portfolios. The bank anticipates a mid-term decline in the dollar due to narrowing interest rate advantages and increasing fiscal deficits. Since June, the dollar has fallen by 5%. UBS advises investors to adopt strategies such as currency hedging, diversifying into other currencies, and investing in assets like gold to mitigate risks.#USDollar #UBS #Investment #PortfolioReassessment #CurrencyHedging #Gold #FiscalDeficits #InterestRates #Diversification
🚀 Key Economic Events And Crypto Market Outlook For Early October
#EconomicEvents #CryptoMarket #MarketOutlook #UnemploymentRate #NonFarmPayroll #FederalReserve #Investment #MarketVolatility #AShareMarket #USTockMarket
According to Odaily, Greeks.live macro researcher Adam has highlighted significant events for the week of September 30 to October 6. The most crucial macroeconomic data this week includes the unemployment rate and non-farm payroll data scheduled for release on Friday. Compared to the currently thriving A-share market, the U.S. stock market appears less impressive. However, the cryptocurrency market is more closely linked to the U.S. stock market. The only connection between A-shares and cryptocurrencies might be that some investors are cashing out to invest in stocks, which has driven down the fiat price of USDT.
Market confidence has somewhat recovered, and the market is still in a bottoming phase. Key events for this week include:
- Monday, September 30: U.S. President Biden's speech at 23:00 (UTC+8)
- Tuesday, October 1: Federal Reserve Chairman Powell's speech at the National Association for Business Economics at 02:00 (UTC+8) and the U.S. September ISM Manufacturing PMI at 22:00 (UTC+8)
- Wednesday, October 2: U.S. September ADP Employment Change at 20:15 (UTC+8)
- Thursday, October 3: U.S. Initial Jobless Claims for the week at 20:30 (UTC+8)
- Friday, October 4: U.S. September Unemployment Rate at 20:30 (UTC+8) and U.S. September Non-Farm Payrolls at 20:30 (UTC+8)
The cryptocurrency market is entering a volatile phase as the quarterly settlement concludes. Major term implied volatility remains at a low level, and there is still significant downward pressure this week. Historically, October tends to be a favorable month for the market.#EconomicEvents #CryptoMarket #MarketOutlook #UnemploymentRate #NonFarmPayroll #FederalReserve #Investment #MarketVolatility #AShareMarket #USTockMarket
🚀 CleanSpark's Georgia Facility Expected To Fully Recover By October 4
#CleanSpark #BitcoinMining #GeorgiaFacility #HurricaneHelen #HashRate #Recovery #EHs #Bitcoin #PowerOutage
According to BlockBeats, on October 1, TheBlock reported that Bitcoin mining company CleanSpark had to shut down its 365MW facility in Georgia due to Hurricane Helen. The company has since restored 200MW of its capacity and expects to fully recover by October 4. CleanSpark stated that its hash rate has reached 22 EH/s and will increase to 28 EH/s once the facility is fully operational again. The hurricane has resulted in 128 fatalities and left over 2 million people without power. CleanSpark has expressed its condolences to the affected communities.#CleanSpark #BitcoinMining #GeorgiaFacility #HurricaneHelen #HashRate #Recovery #EHs #Bitcoin #PowerOutage
🚀 SUI To Unlock 64.19 Million Tokens Worth $120 Million Today
#SUI #tokens #cryptocurrency #unlock #ForesightNews #marketnews
According to Foresight News, SUI is set to unlock approximately 64.19 million tokens today, valued at around $120 million. This amount represents about 0.642% of the total supply. Currently, the circulating supply stands at 2.75 billion tokens, with a total supply of 10 billion tokens.#SUI #tokens #cryptocurrency #unlock #ForesightNews #marketnews
🚀 US Crypto Legislation Nears Critical Support, Says Congressman
#US #CryptoLegislation #FIT21 #DigitalAssets #CFTC #SEC #TomEmmer #RegulatoryFramework
According to Foresight News, Decrypt reports that House Majority Whip Tom Emmer believes that support for U.S. crypto legislation has reached a critical point. Emmer suggests that the FIT21 bill, a stalled crypto market structure proposal, could become law before the holiday season. The FIT21 bill aims to establish a federal regulatory framework for digital assets, overseen jointly by the Commodity Futures Trading Commission (CFTC) and the U.S. Securities and Exchange Commission (SEC). This legislation would allow issuers to self-certify their assets as digital commodities, a move previously criticized by President Joe Biden and SEC Chairman Gary Gensler.#US #CryptoLegislation #FIT21 #DigitalAssets #CFTC #SEC #TomEmmer #RegulatoryFramework
🚀 Paxos Gold TVL Surpasses $500 Million Milestone
#PaxosGold #TVL #Cryptocurrency #RealWorldAssets #Gold #Blockchain #PAXG #DigitalAsset
According to BlockBeats, Paxos Gold, a real-world asset (RWA) cryptocurrency token backed by physical gold, has recently seen its total value locked (TVL) exceed $500 million, reaching $508 million. Each PAXG token represents one ounce of high-quality London Good Delivery gold stored in professional vault facilities. This token combines the stability of gold with the flexibility and accessibility of blockchain technology. Users have the option to redeem their tokens for physical gold or trade them on various cryptocurrency platforms.#PaxosGold #TVL #Cryptocurrency #RealWorldAssets #Gold #Blockchain #PAXG #DigitalAsset
🚀 Bitcoin And Gold's Impact On Investment Portfolios Analyzed
#Bitcoin #Gold #InvestmentPortfolios #HistoricalData #Returns #Volatility #AssetAllocation #RiskManagement #Finance #Investing #BTC
According to Odaily, Bitwise Chief Investment Officer Matt Hougan recently shared insights on X regarding the distinct impacts of Bitcoin and gold on investment portfolios. Hougan emphasized that historically, Bitcoin and gold have had different effects on portfolios. Over the long term, Bitcoin has increased returns without adding risk, while gold has reduced risk without lowering returns. He clarified that this analysis is based on historical data and is not investment advice, as past performance does not guarantee future results.
Hougan suggested that the best way to understand the impact of Bitcoin and gold on portfolios is to examine historical data on adding varying amounts of these assets. Historically, increasing the allocation of Bitcoin in a portfolio has significantly boosted overall returns, with minimal changes in volatility, as measured by standard deviation. Simulations indicate that a 2.5% allocation to Bitcoin could raise portfolio returns from 98% to 148%, a 50 percentage point increase, while the standard deviation would only rise by 33 basis points.
In contrast, a 2.5% allocation to gold over the same period would only increase portfolio returns by 1%, having a negligible impact on returns. However, gold's influence is more pronounced in reducing volatility. As more gold is added to a portfolio, the standard deviation decreases, indicating lower volatility. Hougan noted that each asset has its trade-offs and that these historical functions may not persist in the future. As the world enters a new era of global government stimulus programs, it is crucial to remember that Bitcoin and gold serve different roles in investment portfolios.#Bitcoin #Gold #InvestmentPortfolios #HistoricalData #Returns #Volatility #AssetAllocation #RiskManagement #Finance #Investing #BTC
🚀 Blast Ecosystem Token Distribution Protocol ZAP Announces Tokenomics
#BlastEcosystem #ZAP #TokenDistribution #Tokenomics #Crypto #Blockchain #IDO #Liquidity #CommunityTreasury #Investors
According to BlockBeats, on October 1, the Blast ecosystem token distribution protocol ZAP revealed its tokenomics. The total supply of ZAP tokens is set at 350,000,000. The distribution is allocated as follows: 25% to the community treasury, 20% for vault sales, 25% to the team and contributors, 15% to investors, 1% for the initial DEX offering (IDO), 9% for liquidity and market-making, and 5% to advisors.#BlastEcosystem #ZAP #TokenDistribution #Tokenomics #Crypto #Blockchain #IDO #Liquidity #CommunityTreasury #Investors
🚀 VanEck Predicts Solana Price Surge To $330
#Solana #Ethereum #VanEck #SOLBTC #cryptocurrency #priceprediction #marketanalysis #technicalanalysis
According to BlockBeats, VanEck has expressed optimism about Solana's potential, predicting in a report dated September 25 that Solana's price could reach $330, representing a surge to 50% of Ethereum's current market value.
Analysts noted that the SOL/BTC exchange rate has formed a symmetrical triangle, typically seen as a continuation pattern. Given that the price rose before the triangle formation, the likelihood of a breakout remains high. However, the flat 20-week exponential moving average (0.0023 BTC) and the relative strength index (RSI) near its midpoint do not provide a clear advantage to either bulls or bears. If bulls maintain the price above the 20-week moving average, the SOL/BTC exchange rate might attempt to break the resistance line, initiating the next upward phase to 0.0031 BTC and eventually reaching the target of 0.0039 BTC. Conversely, if the price falls and breaks below the triangle, this positive outlook will be invalidated in the short term, potentially driving the SOL/BTC exchange rate down to 0.0018 BTC and then to 0.0013 BTC.
Analysts further explained that within the triangle, the price typically oscillates between the support and resistance lines. The SOL/BTC exchange rate rebounded from the support line on September 18 and rose above the moving average on September 26. Buyers will attempt to push the price towards the resistance line, where sellers might intervene. If the price falls from the resistance line but rebounds from the 20-day moving average (0.0023 BTC), a triangle breakout could occur. On the other hand, if the price drops and breaks below the moving average, it indicates that the SOL/BTC exchange rate might extend its stay within the triangle. A break below the support line would favor the bears. Predicting the breakout direction is challenging, so it is advisable to wait for the breakout before making significant bets.#Solana #Ethereum #VanEck #SOLBTC #cryptocurrency #priceprediction #marketanalysis #technicalanalysis
🚀 Sui Bridge Launches On Mainnet Supporting ETH And WETH Transfers
#SuiBridge #Mainnet #ETH #WETH #Transfers #Blockchain #SuiNetwork #Ethereum #SUI
According to PANews, Sui Bridge has officially launched on the mainnet, enabling transfers between Sui and Ethereum networks. Currently, the bridge supports the transfer of ETH and WETH tokens. The transactions on Sui Bridge are secured by Sui's own network validators, utilizing the same infrastructure that supports and protects the Sui network itself.#SuiBridge #Mainnet #ETH #WETH #Transfers #Blockchain #SuiNetwork #Ethereum #SUI
🚀 Infinitar Secures Seed And Angel Funding, Launches Series A Round
#Infinitar #funding #seedfunding #angelround #SeriesA #blockchain #MOBA #GameFi #Web3 #gaming #investment #valuation #appdownloads
According to BlockBeats, on October 1, Web3's first MOBA blockchain game, INFINITAR, announced the completion of its seed and angel funding rounds. The rounds were led by Lam Group, with participation from AccelByte and Waterdrip Capital, raising a total of $2.9 million. The company has now initiated its Series A funding round, aiming to raise $9 million. This round is also led by Lam Group and AccelByte, with AC Capital, DEX Ventures, and Mason Labs participating. The post-investment valuation is projected to be $150 million. Several well-known investment institutions are currently in discussions to join the Series A round, with the full financing expected to be completed soon. INFINITAR is a AAA game focused on the GameFi sector and has garnered participation from hundreds of Web3 communities across more than twenty countries. The game has achieved thousands of downloads on both the Apple and Google app stores.#Infinitar #funding #seedfunding #angelround #SeriesA #blockchain #MOBA #GameFi #Web3 #gaming #investment #valuation #appdownloads
🚀 Bitcoin's October Performance Anticipated To Be Promising
#Bitcoin #OctoberPerformance #BullMarket #Cryptocurrency #Lookonchain #BTC
According to Odaily, Lookonchain shared on X that historically, Bitcoin's five bull markets have all commenced in October. This year, October's performance is highly anticipated.#Bitcoin #OctoberPerformance #BullMarket #Cryptocurrency #Lookonchain #BTC
🚀 Justin Sun Receives Over $21 Million Worth Of EIGEN Tokens
#JustinSun #EIGEN #blockchain #cryptocurrency #tokens #ForesightNews
According to Foresight News, blockchain analyst Yu Jin has reported that Justin Sun received 5,374,267 EIGEN tokens from six addresses last night (14 hours ago). At the current over-the-counter price of approximately $4 per token, the total value of these tokens is estimated to be around $21.49 million.#JustinSun #EIGEN #blockchain #cryptocurrency #tokens #ForesightNews
🚀 BlackRock Global Allocation Fund Increases IBIT Holdings by 362.50% in Q3
#BlackRock #GlobalAllocationFund #IBIT #BTC #investment #finance #Q3
According to BlockBeats, on October 1, monitoring by Trader T revealed that the BlackRock Global Allocation Fund now holds 198,000 IBITs, equivalent to 113 BTC, valued at approximately $7.19 million. This represents a significant increase of 362.50% in IBIT ownership compared to the second quarter.#BlackRock #GlobalAllocationFund #IBIT #BTC #investment #finance #Q3
🚀 100 Million XRP Unlocked From Unknown Wallet
#XRP #WhaleAlert #cryptocurrency #blockchain #crypto
According to Odaily, Whale Alert has detected the unlocking of 100 million XRP from an unknown wallet at approximately 11:00 AM UTC+8. The value of the unlocked XRP is estimated to be around $62.245 million.#XRP #WhaleAlert #cryptocurrency #blockchain #crypto
🚀 500 Million XRP Unlocked From Unknown Wallet
#XRP #cryptocurrency #WhaleAlert #unlock #blockchain #crypto
According to Odaily, Whale Alert monitoring detected the unlocking of 500 million XRP from an unknown wallet at approximately 10:53 AM UTC+8. The value of the unlocked XRP exceeds $310 million.#XRP #cryptocurrency #WhaleAlert #unlock #blockchain #crypto
🚀 Bitcoin Spot ETF Sees Continuous Inflows for Eight Days
#Bitcoin #SpotETF #NetInflows #Cryptocurrency #Finance #BTC
According to Odaily, the U.S. Bitcoin spot ETF experienced a net inflow of $61.51 million yesterday. This marks the eighth consecutive day of net inflows.#Bitcoin #SpotETF #NetInflows #Cryptocurrency #Finance #BTC
🚀 Suilend Increases Deposit Limit for Sui Ecosystem Meme Coin FUD
#Suilend #SuiEcosystem #MemeCoin #FUD #DepositLimit #CryptoNews
According to Odaily, Suilend has announced on X that it will raise the deposit limit for the Sui ecosystem meme coin FUD from 820 billion to 2 trillion tokens, equivalent to approximately $1 million.#Suilend #SuiEcosystem #MemeCoin #FUD #DepositLimit #CryptoNews
🚀 Eigen Token Transfers Set To Begin Today
#Eigen #TokenTransfers #Blockchain #MarketMaker #EIGEN #CryptoNews #TokenDistribution
According to Odaily, blockchain analyst @ai_9684xtpa has reported that EIGEN will enable token transfers starting today at 12:00 UTC+8. Currently, it appears that three market makers have been allocated a total of 6.48 million EIGEN tokens for market-making activities. The distribution of tokens among the market makers is as follows:
- Flow Traders: 3.45 million tokens
- Auros Global: 1.60 million tokens
- Unknown Market Maker: 1.43 million tokens#Eigen #TokenTransfers #Blockchain #MarketMaker #EIGEN #CryptoNews #TokenDistribution