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ForkLog 9 02.10.2024

CryptoQuant Predicts Bitcoin Surge Amid Fiat Influx into Stablecoins

Between August and September, stablecoin capitalization increased by $8.73 billion, signaling a bullish trend. Institutional investors are converting funds into stablecoins in light of the Federal Reserve’s monetary policy easing cycle. The CEO of Tether described USDT and the dollar as “friends.” The rise in stablecoin capitalization during August and September could extend the upward […]

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ForkLog 11 30.09.2024

10x Research Attributes Bitcoin Correction to Overbought Conditions

The recent pullback of the leading cryptocurrency is a typical correction driven by the asset being overbought, according to analysts at 10x Research, reports CoinDesk. “In last week’s report, we briefly noted that Bitcoin appears overbought in the short term, as indicated by elevated levels of the fear and greed index. Current short-term reversal signals […]

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ForkLog 16 27.09.2024

Bitcoin Defies Seasonal Trends with a Stellar September

In September, the price of Bitcoin surged by over 10%, contrasting sharply with the typical average decline of 5.9% for this month, according to Bloomberg. Source: Bloomberg. The altcoin index rose by over 20% due to easing financial conditions amid a global wave of interest rate cuts by the Fed, ECB, and PBOC. On September […]

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ForkLog 8 26.09.2024

Ethena to Launch Stablecoin Backed by BlackRock’s BUIDL

The new “stablecoin” will be backed by the BUIDL tokenization fund from investment giant BlackRock. Ethena Labs representatives assured the community of the resilience of the “synthetic dollar” USDe. USDe issuer Ethena Labs is preparing to launch the UStb stablecoin in collaboration with Securitize, a platform specializing in the tokenization of real-world assets (RWA).

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ForkLog 5 26.09.2024

CoinShares Deems Ethereum Investment Returns ‘Uncertain’

The price growth of Ethereum largely hinges on organic transactional demand for the asset, according to CoinShares experts. Currently, on-chain activity is primarily focused on speculative use cases. Analysts criticized EIP-4844, which they believe has created imbalances between the first layer and L2. Professional financial market players are beginning to show interest in Ethereum due […]

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ForkLog 46 20.09.2024

Standard Chartered Predicts Bitcoin Rally Following Fed Rate Cut

Following a rate cut by the Fed, Bitcoin is expected to experience sustained growth due to a macroeconomic backdrop that offsets uncertainty from the US elections. This conclusion was reached by Standard Chartered, reports The Block. Experts highlighted the improved cryptocurrency market conditions amid increased chances of Kamala Harris’s victory. According to Polymarket, she leads […]

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ForkLog 11 18.09.2024

Vitalik Buterin Highlights Rollup Accessibility Amid Fee Decline

Transaction fees on Ethereum’s Layer 2 have plummeted to “almost zero,” marking a significant milestone for digital assets, according to blockchain co-founder Vitalik Buterin, reports Cointelegraph. “From $0.5-10, we’ve moved to $0.01, practically zero. Optimism and Arbitrum — the two main layers of Ethereum — have reached this important milestone. […] Rollups are quickly becoming […]

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ForkLog 7 17.09.2024

Circle to Launch USDC Stablecoin on Sui Blockchain

Circle, the company behind the second-largest stablecoin by market capitalization, USDC, is integrating with the high-performance Sui blockchain.

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ForkLog 58 17.09.2024

Trump Family Unveils World Liberty Financial Token Sale

The Trump family officially launched their cryptocurrency project, World Liberty Financial, during a live broadcast on the X platform, announcing the upcoming WLFI token sale. The project had been mentioned over the past two months. Join me live from Mar-A-Lago at 8:00PM Eastern, tonight on X Spaces. Set a reminder and be sure to tune […]

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ForkLog 8 11.09.2024

Glassnode Warns of Potential Bitcoin Sales by Miners Amid Correction Risks

Bitcoin miners remain confident in the prospects of digital gold due to the rising hash rate, yet they may increase sales if further corrections occur. This is possible due to a general reduction in risk appetite, according to Glassnode. The competitiveness of the Mining landscape and their conviction in the #Bitcoin Network continues to rise, […]

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ForkLog 10 10.09.2024

DOGS Conducts Largest Meme TGE in Crypto History

DOGS conducted the largest meme-TGE in crypto history, distributing tokens among 17 million users. DOGS has 4.5 million unique holders. DOGS led to a surge in activity on the TON network. DOGS conducted the largest meme-TGE in crypto history, according to a statement from TON Community on Telegram. According to the provided statistics: 53 million […]

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ForkLog 7 10.09.2024

Bitcoin ETFs Break Eight-Day Outflow Streak

The negative streak of outflows from spot Bitcoin ETFs ended on the ninth day. The number of institutional holders of exchange-traded funds based on the first cryptocurrency exceeded 1,000. Bloomberg predicted an increase in the share of large investors. On September 9, inflows into spot Bitcoin ETFs amounted to $28.7 million, according to SoSoValue. Over […]

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