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2024-02-08 12:17:07 #BTC Update:

What a pump

BTC pumped right after the trendline breakout we discussed earlier

Bulls are in control, but watch out for potential resistance levels ahead.

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2024-02-08 06:44:59 Ether options open interest indicates bullish sentiment about potential May spot ETH ETF approval, analyst says

The crypto derivatives market is suggesting continued excitement in the market regarding the potential approval of a spot Ethereum ETF by the end of May, an analyst said. "Traders seem to be adjusting their ether options contracts with the May 23 date in mind," Bitfinex Head of Derivatives Jag Kooner told The Block. The final approval decision deadline for spot ether ETF applications submitted by asset managers VanEck and Ark/21Shares to the U.S. Securities and Exchange Commission is May 23.

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2024-02-07 20:19:59 Bitcoin’s hash rate soars to record heights

Bitcoin’s hash rate has reached an unprecedented high, marking a fourteen-day moving average of 566 exahashes per second (EH/s). This surge follows Feb. 2, a 7.3% rise in difficulty adjustment, bringing it to a record-setting 75.50T. Over the past three weeks, since the Texas freeze-induced low, the hash rate has skyrocketed by 12%, further reinforcing the network’s resilience to external shocks.

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2024-02-07 11:05:00 SEC delays Invesco Galaxy spot ETH ETF, but May decisions are still expected

The U.S. Securities and Exchange Commission (SEC) extended the decision period for Invesco and Galaxy’s spot Ethereum ETF on Feb. 6. The SEC said that the proposed rule change was published for comment in the Federal Register on Nov. 8, 2023. The agency then designated a longer period for approval on Dec. 13, 2023, extending the period during which it could approve, disapprove, or institute proceedings around approval or disapproval.

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2024-02-06 19:21:50 Solana confirms outage on mainnet, engineers are investigating

Solana has confirmed an outage on its blockchain, causing block progression to halt. “Engineers from across the ecosystem are investigating an outage on mainnet-beta,” Solana stated in an incident report. “Solana mainnet-beta is experiencing a performance degradation, block progression is currently halted, core engineers and validators are actively investigating,” blockchain software company and Solana validator Laine posted on X.

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2024-02-04 21:44:59 According to the data, publicly-traded entities with the largest BTC holdings include:

Grayscale: 487,026 BTC
MicroStrategy: 189,150 BTC
BlackRock: 66,200 BTC
Fidelity: 59,224 BTC
Purpose Investments: 32,318 BTC

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2024-02-04 20:51:32 Case for $500k BTC: Bitcoin Scarcity to Beat Gold Post-Halving

Renowned analyst “PlanB”, the influential mind behind the Stock-2-Flow (S2F) model, has once again thrown his weight behind bitcoin, making a new case for bitcoin price targets in 2024-2028 cycle. In latest Plan B bitcoin analysis, the seasoned analyst boldly predicts that bitcoin, already a digital asset with unique scarcity, will surpass the rarity of gold and real estate following the upcoming halving event in April.

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2024-02-04 09:55:45 FTX seeks permission to speedily sell 8% stake in Anthropic

Bankrupt cryptocurrency exchange FTX is preparing to sell its most significant remaining illiquid asset: the 8% stake the company holds in valuable AI startup Anthropic, which received a $500 million investment from FTX's former CEO, Sam Bankman-Fried, in October 2021. The company, now led by CEO John Ray III, has filed a motion asking a judge to approve the sale of FTX's stake in Anthropic.

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2024-02-03 22:21:29 Hong Kong asserts rigorous crypto regulations amid market evolution

Hong Kong’s Secretary for Financial Services and the Treasury, Christopher Hui, reiterated the special administrative region’s banner of “same activity, same risk, same regulation,” under which Hong Kong crafted a licensing regime for virtual asset service providers (VASP). Hong Kong before the implementation of the new licensing system had been granted a transitional period intended to support them in adapting to the regulatory framework.

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2024-02-03 12:11:09 Bitcoin mining difficulty hits new ATH after record 7.3% spike

Bitcoin mining difficulty has surged to a new all-time high, reaching 75.50T at block height 828,576 on Feb. 2, less than a month after its previous record-setting increase on Jan. 6. Mining difficulty saw a significant increase of 7.33%, the highest this year, marking the most difficult period to mine Bitcoin in its history. This milestone highlights the growing challenges and computational demands faced by miners in the Bitcoin network as the next halving looms.

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