Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance. Its content covers the week's key news, market and contract data, mining information, project dynamics, technological progress and other industry dynamics.
JinseFinanceThe Bitcoin Asia conference will be held at Kai Tak Cruise Terminal in Hong Kong from May 9 to May 10, 2024. This conference will bring together many industry leaders. Golden Finance has compiled a conference guide to help you attend the conference with peace of mind.
JinseFinanceInvestors accumulate Bitcoin amidst volatility, with record inflows to accumulation addresses signaling long-term bullish sentiment. Anticipation of post-halving re-accumulation phase suggests confidence in Bitcoin's value proposition.
Huang BoBlackRock's iShares Bitcoin ETF (IBIT) sets record with five days of consecutive inflows, surpassing Fidelity. Institutional confidence signals crypto's growing acceptance.
Huang BoFalconX’s Vivek Chauhan and David Lawant say a wave of Bitcoin exchange-traded fund approvals will lead to a more mature market structure.
JinseFinancePeter Schiff questions Bitcoin vs. gold comparison, criticizing claims of Bitcoin's superiority. Bitcoin at $40,214.47 faces market fluctuations, while gold struggles amid geopolitical tensions. Debate continues to shape financial perceptions.huang
Huang BoBitcoin experiences substantial liquidations exceeding $138 million amidst increased market volatility. Long positions bear the brunt, with losses surpassing $120 million. The SEC-approved spot bitcoin ETFs contribute to a 7% decline in Bitcoin's value over 12 days. Analysts predict further declines below $40,000. BitMEX co-founder Arthur Hayes employs BTC puts at a $35,000 strike price for hedging. Annualized bitcoin volatility rises from 46% to over 52%. Almost $30 million worth of leveraged bitcoin positions liquidated, predominantly longs. Unrealized profits among bitcoin holders decrease from over 90% to just above 83%, reflecting growing sell pressure. In conclusion, Bitcoin faces challenges amid regulatory changes and cautious investor sentiment.
SanyaDuring Q2, Tesla's total Bitcoin holdings increased by $22 million, reaching $333 million.
Coinlive The token, grappling with the market contagion, is down 4% in the past 24 hours.
CoindeskIn the face of extreme fear in the Bitcoin market, miners are unfazed and may even welcome a downturn as it opens up the opportunity to gain more hash power.
Cointelegraph