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ForkLog 5 25.07.2024

Ethereum Falls Below $3200 Amid ETF Outflows

Outflows from Grayscale’s Ethereum Trust exceeded inflows into ETH-ETF. Investors shifted focus from the debut of spot Ethereum-ETFs to Mt.Gox coin movements and macroeconomics. On July 24, Ethereum’s daily decline reached 7.9%, while Bitcoin’s was 2.7%, according to CoinGecko. According to SoSoValue, the net outflow from spot Ethereum-ETFs amounted to $133.2 million. At the time […]

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ForkLog 14 24.07.2024

Elon Musk Proposes $5 Billion Investment in xAI from Tesla

Elon Musk has proposed that Tesla invest $5 billion in xAI. Tesla earned $1.5 billion in the second quarter of 2024. The electric car manufacturer holds 9720 BTC valued at $785.7 million. Elon Musk published a poll on X, suggesting that Tesla invest $5 billion in his AI startup xAI, with the valuation set by […]

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ForkLog 8 24.07.2024

Analyst Detects Bitcoin Buy Signal

The Hash Ribbons indicator has signaled a buy for the leading cryptocurrency. Each occurrence of this signal is followed by an “explosive price rally,” noted the analyst known as Mikybull. #Bitcoin just witnessed a rare hash ribbon ‘Buy’ signal Whenever this happens, an explosive rally follows. pic.twitter.com/ZsR07PTD7T — Mikybull ?Crypto (@MikybullCrypto) July 24, 2024 The […]

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ForkLog 26 24.07.2024

Meta Unveils Llama 3.1 AI Model Collection

Meta has introduced a new collection of AI systems, Llama 3.1, including the much-anticipated 405B, described as the “first open-source state-of-the-art model.” The Meta AI assistant has also been updated. Starting today, open source is leading the way. Introducing Llama 3.1: Our most capable models yet. Today we’re releasing a collection of new Llama 3.1 […]

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ForkLog 18 24.07.2024

Riot Platforms Acquires Block Mining for $92.5 Million

American firm Riot Platforms has announced the acquisition of Kentucky-based mining company Block Mining for a total of $92.5 million. Riot Announces the Acquisition of Block Mining – Expands Riot’s Total Potential Power Capacity To 2 Gigawatts. — Acquisition adds 60 Megawatts (“MW”) of current operational capacity with the potential to quickly expand to 110 […]

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ForkLog 10 23.07.2024

SEC Approves S-1 Filings for ETH-ETF; Trading Begins July 23

The SEC has approved S-1 filings for ETH-ETF, with trading set to commence on July 23. Experts do not anticipate a frenzy following the launch, citing risks of increased volatility and a potential Ethereum pullback. The U.S. Securities and Exchange Commission (SEC) has registered S-1 filings for spot Ethereum-ETFs, with trading of these products beginning […]

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ForkLog 8 22.07.2024

Meme Coins React to Shifts in US Presidential Race

The meme token Kamala Horris (KAMA) surged to an all-time high following US President Joe Biden’s announcement to end his re-election campaign. Vice President Kamala Harris emerged as the main candidate for the Democratic Party. Coins dedicated to her saw a sharp increase in value: KAMA’s price tripled to approximately $0.03. At the time of […]

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ForkLog 6 20.07.2024

ETH-ETF Launch Boosts Market Sentiment

Bitcoin surpassed $66,000, while Ethereum reached $3,500 following the announcement of the start date for trading spot ETH-ETFs. Despite positive factors, the second-largest cryptocurrency by market capitalization faces a potential supply crisis. Following the confirmation of the start date for trading spot Ethereum-ETFs on the CBOE, digital gold held steady above $66,000. According to the […]

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ForkLog 6 18.07.2024

CoinGecko Experts Highlight Steady Investor Interest in Meme Coins

In Q2, meme tokens emerged as the most popular narrative in the crypto industry. Spot trading volumes on CEX decreased, while they rose on DEX. The market supply of Ethereum increased by 120,000 ETH from April to June. By the end of Q2, meme tokens had become the most popular narrative in the cryptocurrency ecosystem, […]

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ForkLog 20 18.07.2024

SEC Approves Grayscale and ProShares Applications for Ethereum ETFs

The SEC has approved applications for a mini Ethereum-based ETF from Grayscale and an exchange-traded fund from ProShares. Trading of these instruments is expected to commence on July 23, by which time other spot ETH-ETF issuers will have met SEC requirements. The products do not currently include staking, though this may change in the future. […]

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ForkLog 9 17.07.2024

Bitwise Predicts Ethereum Surge Beyond $5000 Following ETF Launch

The introduction of exchange-traded funds (ETFs) based on Ethereum’s spot price is expected to propel the cryptocurrency’s value to historic highs above $5000, according to a report by CoinDesk, citing Bitwise. Matt Hougan, the company’s Chief Investment Officer, noted that initial price movements might be volatile due to fund outflows from the Grayscale Ethereum Trust. […]

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ForkLog 4 17.07.2024

Glassnode Assesses Impact of ETF Flows, Mt.Gox Payouts, and German Government Actions

The Bitcoin market has absorbed 48,000 BTC linked to the German government and is anticipating further sales from Mt.Gox clients. Analysts at Glassnode have examined these factors, as well as the role of ETFs. The #Bitcoin market recently absorbed over 48k BTC in sell-side sourced from the German Government. With Mt Gox distributions also on […]

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