Sony is set to launch its long-awaited Ethereum Layer-2 chain in the coming weeks.
The release will include technical documentation and tools for developers to gain firsthand experience with the new platform.
Brazil Approval: Another Solana ETF has been approved in Brazil, the second such approval in the country.
US Situation: Regulatory approval for spot Solana ETFs in the U.S. has faced stagnation.
VanEck's Fund: VanEck's planned Solana ETF is still in progress in the U.S. market.
Swiss technology firm FinalSpark recently launched a program that allows scientists to rent cloud access to “biocomputers” made out of human brain cells for a mere $500 a month.
The purpose of these biocomputers, according to FinalSpark, is to develop a highly efficient, low-energy solution to the ballooning costs associated with developing artificial intelligence models. The company says it could be as much as 100,000 times more efficient to use computers made of organic material to train AI than it is to use traditional silicon-based technology.
Top asset manager Franklin Templeton has filed to offer a new exchange-traded fund (ETF) that, if approved, would give investors exposure to a basket of crypto funds.
The Franklin Crypto Index ETF, under the ticker EZPZ, would give exposure to digital assets included in the CF Institutional Digital Asset Index—an index from CF Benchmarks, which provides data to firms on cryptocurrencies.
Investment: El Salvador plans a $1.6 billion investment to kickstart 'Bitcoin City'.
Development: One of the seaports to be transformed is located near the country's tax-free crypto haven.
Significance: The project aims to boost the adoption and integration of Bitcoin within the country's economy.
TLDR: Bitcoin
Description: Bitcoin operates on a peer-to-peer network without central authority, enabling transactions and bitcoin issuance collectively. It's open-source, allowing public participation and offers unique payment system capabilities.
Market Stats:
NameBitcoinSymbolBTCPrice$59917.80Market Cap$1182715775261.58Volume (24h)$36111649707.31% Change (24h)-0.38%% Change (7d)10.34%Circulating Supply19738971 BTCMax Supply21000000 BTCMarket Cap Rank1Social Sentiment73%
Latest News:
Title: Bitcoin Miners Face Record-low Daily Revenue in 2024
Sentiment: Negative
Source: TheNewsCrypto
After Bitcoin and Ethereum spot ETFs were approved for trading in the United States, multiple fund providers identified Solana as the next big target and filed to offer such crypto ETFs. Following this week's approval of a Solana ETF in Brazil, experts suggest that a U.S. counterpart is sure to come—but when, exactly, remains unclear.
While Brazil has emerged as a trailblazer in the realm of crypto ETFs, the United States—a traditional financial powerhouse—is grappling with a more cautious approach as the U.S. Securities and Exchange Commission (SEC) continues to navigate the complex waters of crypto regulation.](https://decrypt.co/243280/sec-coinbases-subpoena-millions-of-documents-waste-of-time).)
Pressure: Increasing for miners to make a choice between diversification or doubling down on BTC.
Reasons:
Recent peak in mining difficulty.
Decline in Bitcoin (BTC) price.
Options:
Diversify operations to hedge risks.
Double down on Bitcoin (BTC) despite challenges.
Decision: Critical for miners to adapt to the changing landscape for sustainability.
Bitcoin crashed to a daily low of $49,577 yesterday and could be on the brink of a death cross, a pattern that has historically spooked traders and stirred up a storm of pessimism.
This ominous-sounding phenomenon in technical analysis occurs when the 50-day simple moving average (SMA) dips below the 200-day SMA, indicating that short-term momentum is lagging behind the long-term average. At its current price of $56,386, the 50-day SMA is at $62,488, while the 200-day SMA is at $61,664.
A death cross is seen as a bearish signal among short-term traders, but—despite its name—does not necessarily mean impending disaster. History has proven that long-term hodlers who are capable of going through the pains of a bearish period are often rewarded with huge gains after phenomenal recoveries.
The last time Bitcoin faced a death cross was in September 2023—which happens to be among the most bearish months in Bitcoin’s history. The cryptocurrency bottomed out below $25,000 at the time, only to register a 190% rise breaking past the $70,000 price line six months later.