Cryptocurrency

This took place as the world’s flagship digital currency began showing signs of revival, recapturing the $60,000 level once again. Several hours prior to that, MicroStrategy made another big Bitcoin offer to its investors.Over the past few hours, Bitcoin has demonstrated a roughly 2.76% recovery, coming close to the $60,000 price level. Before that, on Monday, BTC faced a substantial decline of 4.55% as it collapsed from $60,358, hitting the $57,600 zone.On March 14 this year, Bitcoin reached a new all-time high of $73,750. Currently, BTC is changing hands 19.55%, below that level. This was the first time in Bitcoin’s history that it reached a new historic price peak before an expected halving and not after that important event.Several days ago, Saylor’s company announced the acquisition of another mammoth-sized Bitcoin stash of 18,300 BTC worth $1.1 billion in fiat. After this purchase, MicroStrategy holds a total of 244,800 Bitcoins valued at roughly $14,675,662,080. This amount of crypto constitutes 1.17% of the total Bitcoin supply of 21 million coins. The company now holds more Bitcoin that the majority of spot BTC exchange-traded funds launched in January.Investors will be able to convert these notes into MSTR shares at a later date and receive interest on them. Basically, MicroStrategy began functioning as a spot Bitcoin ETF before actual funds of this type appeared and began trading on the market.This article was originally published on U.Today More

To back up its strategy, MicroStrategy also launched a $700 million debt offering, set to mature in 2028. This lets lenders earn interest while benefiting from the company’s exposure to Bitcoin’s market performance.Interestingly, Fred Thiel, CEO of Marathon Digital (NASDAQ:MARA) Holdings, responded to this latest development, noting that MicroStrategy’s massive acquisition reduces the available Bitcoin for others to acquire. Marathon, which itself recently bought 5,000 more Bitcoin, now holds 26,200 BTC, worth around $1.5 billion. This places the company as the second-largest public holder of BTC, trailing closely behind MicroStrategy.As Marathon keeps building up its Bitcoin stash, it now owns about 0.12% of the total Bitcoin supply. This race between MicroStrategy and Marathon to get their hands on Bitcoin shows a larger trend in the business world, where companies are actively trying to get their share of the cryptocurrency. Over the past year, public companies have increased their Bitcoin holdings from 272,770 BTC to 333,329 BTC, showing growing interest in the digital asset. Meanwhile, ETFs and funds have also increased their Bitcoin holdings, with total reserves jumping from 771,000 BTC to over one million BTC in the same period.This article was originally published on U.Today More

Before Monday’s net inflow for BlackRock, it had 11 days of zero flows and two days of net outflows. This has been the longest spell for the world’s largest asset manager. Despite these seeming setbacks for IBIT, its dominance remains in the spot Bitcoin ETF space.From January until now, BlackRock has generated a cumulative $20.9 billion in net inflows. This sets it over $11 billion above the closest asset manager, Fidelity. Fidelity’s FBTC comes in second with $9.6 billion.Other asset managers in the spot Bitcoin ETF space on Sept. 16 registered zero flows except for Grayscale (GBTC). It saw $20.8 million in outflows. Notably, Grayscale has the highest fee of 1.5%, a factor experts attribute its constant sell-off.At the time of writing, the world’s premier digital currency, Bitcoin, traded for $59,086, up by 0.68% in the last 24 hours. BTC has witnessed significant positive market sentiment recently, but it has not been sufficient to push it past the $60,000 level.This article was originally published on U.Today More

Vector Smart Gas (VSG), the native coin of the Vector Smart Chain (VSC) blockchain, is making waves in the crypto world as it climbs to #876 on CoinMarketCap. This ranking comes on the heels of several major achievements, including recent listings on prominent exchanges such as Coinstore and AscendEX, further boosting VSG’s visibility and global reach.Exchange Listings Drive GrowthVSG’s presence on Coinstore and AscendEX has opened new pathways for investors and traders, allowing them to engage with the coin in broader markets. These listings are key milestones for the project, helping to enhance liquidity and solidify its place in the competitive crypto space.Yan Whittaker, co-founder of VSG, has ambitious plans for the future, aiming to propel the coin into the top 20 crypto projects within the next 12 months. “We’re building something that’s not just about short-term gains but reshaping decentralized finance for the long term,” he said. With its focus on scalability, security, and enterprise solutions, VSG is well on its way to achieving this goal.Major AnnouncementAdding to the momentum, VSG’s testnet is already live, offering developers and users a real-time environment to engage with the blockchain. Upcoming deployments on the testnet are expected to bring significant benefits to users, with a large development scheduled to go live this Thursday. These enhancements will further improve the platform’s performance, positioning VSG as a key player in the decentralized finance (DeFi) space.To sign up and hear the news first:t.me/vsgportalx.com/VECTORCOIN About VSGVSG is a native coin built on the Vector Smart Chain (VSC) blockchain. With a focus on scalability, security, and cost-effective solutions, VSG is designed to revolutionize decentralized finance by providing enterprises and individuals with a robust platform for secure, efficient transactions.ContactFru LedererVector Smart Chainfruzsi.lederer@gmail.comThis article was originally published on Chainwire More

Leading Crypto Liquidity Provider BlockFills Integrates NCFX’s Benchmark Data to Deliver Unmatched Quality and Service to Institutional Clients.As the financial landscape continues to evolve, institutions are increasingly seeking robust, data-driven insights to inform their trading strategies. By integrating NCFX’s market-neutral data and analytics into its offering, BlockFills is not only expanding its product suite but also reinforcing its commitment to providing the highest quality service at the exacting standards of traditional finance within crypto markets.About BlockFillsBlockFills is a global prime brokerage, technology and trading firm offering access to the digital asset markets. We provide liquidity, technology and clearing of digital assets for professional and institutional clients. Clients include principal trading groups, exchanges, hedge funds both traditional and crypto-only, banks, asset managers, OTC desks and active tradersFor more information users can visit BlockFills’ Website | Twitter | LinkedinAbout New Change FXNew Change FX is an independent company dedicated to the measurement of foreign exchange and crypto pricing to deliver transparency and eliminate costs. New Change FX calculates independent benchmark rates which are published in real-time and used to support live trading processes. NCFX doesn’t offer market access, trading or brokerage services and therefore users cannot directly influence the NCFX Benchmark calculation process. To find out more users can visit www.newchangefx.com.NCFX can be found on the FCA financial services register with firm reference number 793983. The FCA is the sole regulatory supervisor for NCFX.For more information, users can contact:Kinga Broel-PlaterChief Commercial OfficerE-mail: kinga.broel-plater@newchangefx.comContactDirector of MarketingJessica DarmoniBlockFillsdata@blockfills.comThis article was originally published on Chainwire More

About Threshold Network: Threshold Network offers decentralized cryptography services that enhance privacy and security on public blockchains by distributing operations across independent nodes. Powered by the T token, users can stake and operate nodes to support key services like tBTC, a Bitcoin bridge, and TACo, an access control tool. By minimizing reliance on centralized entities, Threshold ensures trustless, secure, and privacy-focused solutions for decentralized applications in the evolving Web 3.0 landscape. To learn more, please visit: https://threshold.network/ About EigenLayer: EigenLayer is a protocol built on Ethereum that pioneered restaking, a new primitive in cryptoeconomic security. Through a system of interconnected smart contracts, any ERC-20 token, such as tBTC, can be “restaked” to participate in not one, but any number of Actively Validated Services (AVSs) in exchange for fees and/or rewards. Operators opt into these opportunities by running additional node software and in some cases grant the EigenLayer smart contracts the ability to impose additional slashing conditions on their assets as specified by the AVS. ContactM Group on Behalf of Thresholdtkaufmann@mgroupsc.comThis article was originally published on Chainwire More

Bybit Web3, the Web3 arm of Bybit, is thrilled to announce its participation in the World Series of Trading (WSOT) 2024, the world’s longest-running crypto trading competition. From Oct. 1 to Oct. 30, 2024, the WSOT 2024 DEX Wave will challenge participants to trade on-chain as part of their push to win big in the WSOT competition. It also marks the world’s first DEX talent competition by democratizing the space, inviting participants to choose the next Web3 star project from an astounding lineup of over 100 groundbreaking initiatives all on one arena.For event details, users can visit here: Calling All Web3 Projects: Shine in WSOT DEX Wave!Ride the DEX Wave with 100+ DeFi Partners Across Top Chains and TracksThe WSOT 2024 seamlessly integrates Bybit Web3’s DEX Pro platform, enabling participants to tap into a vast array of DeFi projects and tokens. From memecoins and DeFi to GameFi and beyond, this in-depth trading journey is powered by over 100 innovative partners and pioneering decentralized initiatives like Yescoin, Bonk, Citizen, Navi Protocol, Blackcardcoin, and Character X. With the largest number of ecosystem partners in the sector, the DEX Wave chapter of this year’s WSOT gives the Web3-curious a snapshot of what Bybit Web3 has to offer. The frictionless experience of trading on centralized (CEX) and decentralized (DEX) portals on Bybit brings together the depth of centralized platforms with the autonomy and diversity of decentralized exchanges, offering WSOT participants the chance to trade in the most exciting markets in the world. It’s more than just a competition — it’s an invitation to experience the entire blockchain ecosystem.Crown Next Web3 Star and Share a 1,000,000 MNT Prize Pool (NASDAQ:POOL): the First Web3 Idol CompetitionCapturing the best of emerging Web3 projects, the inaugural WSOT DEX Wave puts the emphasis back on the community by introducing a voting mechanism. As traders compete in the DEX Waves competition, they earn points, which they can use to vote for their favorite Web3 projects. Participants will share a 1 million MNT prize pool through interacting with the projects and taking a chance at a lucky draw. The traders with the highest point scores can enter a daily draw to win a share of a 200,000 MNT prize pool.The Web3 projects that win the most votes will receive extra support from Bybit, including CEO mentorship, prime listing opportunities and marketing support.Together, the WSOT community and Bybit are shaping the future of Web3 to bring out the potential of rising stars in Web3 and building the trading infrastructure necessary for the decentralized financial system. #Bybit / #TheCryptoArk / #WSOT2024About BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:ORCL) Red Bull Racing team.For more details about Bybit, users can visit Bybit Press. For media inquiries, users can contact: media@bybit.comFor more information, users can visit: https://www.bybit.comFor updates, users can follow: Bybit’s Communities and Social MediaDiscord | Facebook (NASDAQ:META) | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | YoutubeContactHead of PRTony AuBybittony.au@bybit.comThis article was originally published on Chainwire More

Crypto prices were little enthused by the release of more details on an upcoming project by Republican presidential candidate Donald Trump, which appears to be a banking or exchange platform. Bitcoin climbed 1.4% to $59,399.0 by 08:44 ET (12:44 GMT). The token remained squarely within a $50,000 to $60,000 trading range seen through most of the year.The team behind World Liberty Financial- an upcoming crypto project backed by the Trump family- unveiled some key details on the project during a launch event on X on Monday evening. The project appears to be a crypto banking and exchange platform, and will have its own native token- WLFI- which will be distributed among the founding team and released for sale to the general public. About 20% of the tokens will be reserved for the founders, 17% will be reserved for rewards, and 63% of the float will be released to the public. Trump spoke briefly during the event, which was hosted on X. He reiterated plans to make America the “crypto capital” of the world, but gave scant details on said plans.Trump has campaigned on a largely pro-crypto stance for the 2024 presidential election race. But he was seen lagging Democratic candidate Kamala Harris after a fiery debate last week. Harris has so far given few details on her plans for crypto, but is expected to continue the Biden administration’s crackdown against the sector. Broader cryptocurrency prices also moved in a tight range, with focus turning squarely to a Fed meeting this week.World no.2 crypto Ether rose 0.5% to $2,314.69, while XRP added 2%. ADA and SOL traded flat, while MATIC added 1.9%Among meme tokens, DOGE fell 0.5%. The Fed is widely expected to cut interest rates and signal an easing cycle when it concludes a two-day meeting on Wednesday. Traders were seen pricing in a greater chance that the Fed will cut rates by 50 basis points, up from prior expectations for a 25 bps cut. Lower rates bode well for crypto, given that they free up liquidity that can be deployed into speculative assets. But the sector saw little price action in anticipation of Wednesday’s decision.Hashprice, a measure of a Bitcoin miner’s daily profitability, has dropped 2% this month and remains more than 50% below pre-halving levels, JPMorgan revealed in a recent report. The bank warned that this decline, “coupled with seasonal curtailment, could slow near-term hashrate growth.””U.S.-listed miners’ share of the network hashrate increased for the fifth consecutive month to 26.7%, the highest level on record,” JPMorgan analysts also highlighted.Bitcoin mining stocks declined in the first half of September as Bitcoin’s price stayed below $60,000, while the network’s hashrate climbed, according to a report from JPMorgan on Monday. The hashrate has risen 4% month-to-date and has now returned to pre-halving levels. The hashrate is a measure of the total computational power used in mining and processing transactions on proof-of-work blockchains and serves as an indicator of competition in the mining industry.JPMorgan tracks the market cap of 14 U.S.-listed bitcoin miners, which collectively fell 3% since the end of August to just under $20 billion. Among these miners, Hut 8 Corp (TSX:HUT) outperformed with an 11% gain, while CleanSpark Inc (NASDAQ:CLSK) lagged behind, declining 12%.Ambar Warrick contributed to this report.  More