Bitcoin Ethereum and NFTs News 📲

2024-06-13 21:45:38 Texas wants to use bitcoin miners for grid stability as power demand soars

The Electricity Reliability Council of Texas (ERCOT) is considering integrating Bitcoin miners as Controllable Load Resources (CLRs) to enhance grid stability. During a Texas Senate Business & Commerce Committee hearing, ERCOT CEO Pablo Vegas emphasized that classifying more Bitcoin miners as CLRs would improve the reliability of the state’s power grid.

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2024-06-13 10:55:20 World's Largest Bank ICBC Sees Bitcoin as Digital Gold — Calls Ethereum 'Digital Oil'

The Industrial and Commercial Bank of China (ICBC), the world’s largest bank by total assets, recently compared bitcoin to digital gold and labeled Ethereum “digital oil” in a report. The bank emphasized the roles of these cryptocurrencies in the digital economy and their contributions to technological advancements.

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2024-06-12 18:40:37 Trump vows to make US a Bitcoin mining powerhouse if re-elected

Former US President Donald Trump has shifted his attention to Bitcoin miners in his drive towards embracing the crypto industry. In a June 12 post on Truth Social, Trump expressed support for Bitcoin mining, highlighting its potential to bolster energy dominance. He pledged to support these technologies, especially if he is re-elected as US president.

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2024-06-12 10:35:22 $270.4 million in liquidations as crypto market selloff continues

The cryptocurrency market has experienced a notable selloff over the past two days, which has led to a surge in liquidations. Bitcoin, the largest crypto by market cap, was down 3.5% over the past 24 hours to $67,275, according to The Block’s bitcoin price data, while Ethereum was down 4.6% to $3,495. The selloff has led to the liquidation of about $270.4 million in leveraged positions over the past 24 hours, according to CoinGlass. A significant portion, $238 million, were long positions.

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2024-06-11 21:15:36 Polygon community treasury announces grants program for builders, initially distributing 35 million MATIC

A Polygon community treasury has announced a long-term plan to spur development on the blockchain that involves unlocking 1 billion tokens over a decade. "After community consensus, the Community Treasury has been created, with 1 billion POL unlocked over 10 years, with [approximately] 100 million POL per year, all for builders," the treasury said in an announcement. POL is set to become Polygon's native token, replacing MATIC eventually.

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2024-06-11 08:45:20 Ethereum futures funding rate volatility mirrors significant price movements

Ethereum’s futures perpetual funding rate across all exchanges has exhibited significant fluctuations, as observed in recent market trends. The perpetual funding rate, a key indicator for market sentiment and trader positioning, demonstrated volatility throughout the first half of 2024. Notably, spikes in the funding rate often coincide with notable price movements in Ethereum, suggesting shifts in market sentiment.

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2024-06-10 20:29:02 Solana Foundation expels validators for sandwich attacks on retail users

The Solana Foundation has expelled several validators from its delegation program for conducting sandwich attacks on retail users. In a recent Discord announcement, Tim Garcia, the Team Lead of Solana Validator Relations, confirmed that the removals were permanent, stating that the foundation identified operators involved in mempool activities supporting sandwich attacks.

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2024-06-10 08:55:15 Hong Kong may allow staking for spot Ethereum ETFs as soon as this year: Animoca cofounder

Hong Kong asset managers are working to include staking within their spot ether exchange-traded funds in the hope of getting the staking reward feature approved this year, Animoca Brands Chairman Yat Siu said. Siu told The Block in an interview that Hong Kong is “having discussions now for staking” and that the likelihood of staking being approved in Asia ahead of the U.S. is an “almost foregone conclusion.”

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2024-06-09 12:10:26 Bitcoin’s ‘hodled or lost coins’ metric falls to 7.7 million BTC

Bitcoin’s “Hodled or Lost Coins” metric, as tracked by Glassnode, has reached notable levels, reflecting long-term trends in investor behavior. Glassnode estimates approximately 7.7 million BTC are either hodled or lost, significantly impacting the circulating supply and market forces. In recent months, the metric has shown a decrease in hodled or lost coins, particularly in 2024. This shift suggests a possible reallocation of Bitcoin holdings as investors respond to market conditions post-halving.

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