Cryptocurrency

Sharpe AI , an AI-powered crypto super-app for traders, has announced the listing of its token $SAI on Gate.io followed by more exchanges starting at 1 pm UTC, 5th August, 2024. The token will be available in the trading pair USDT, setting the stage for a new chapter in AI-powered crypto trading. The anticipation is soaring following the blockbuster success of $SAI’s Initial DEX Offering (IDO) this past April. The IDO shattered all previous records, achieving an astounding 300x oversubscription. With over 120,000 participants bringing in $576 million in assets, it became one of the biggest IDO in history—a true milestone moment for the crypto space.Key Highlights$SAI token holders will enjoy a range of benefits within the Sharpe AI ecosystem:As part of the rollout of staking, the buyback & burn mechanism will split into buybacks that will be allocated towards both burns and staking rewards — allowing stakers to accrue additional platform ownership over time.$SAI Listing DetailsThis advantage drives its rapid growth, establishing Sharpe AI as the largest AI super app currently boasting a live platform with 25+ live products.Aethir, Ionet, Bittensor, Lido, Aevo, Hyperliquid, Arbitrum, Aioz, Paradigm, Orderly Network, Paradex, 0x, Eesee, TradingView, Li.Fi, LogX, AIT Protocol, Ape Terminal, Aave, HyperGPT, Paraswap, Galxe, Arbitrum, Mantle, OpenOcean, and more.About Sharpe AISharpe AI is pioneering the future of crypto interface with its AI-powered superapp. With a focus on intelligence, tracking, and investing in digital assets. Sharpe is now the largest crypto super-app, boasting over 150,000 users and more than $500M in volume. Sharpe AI has a vision of creating a vertically integrated moat by combining data intelligence, trading products and DeFi execution on leading chains, culminating in a comprehensive platform unparalleled in the industry.The platform is rapidly expanding its capabilities, having recently acquired Brownian (specializing in full-stack AI intelligence) and launched HiveIntelligence (building decentralized AI superintelligence network).Key Products: For more information about Sharpe AI and the upcoming $SAI token sale, users can visit Sharpe AI’s official website or join their community on Twitter, Telegram, and Discord.For media inquiries, users can contact: Email: team@sharpe.aiContactCEORishabh NarangSharpe Labsrishabh@sharpe.aiThis article was originally published on Chainwire More

According to Brandt’s analysis, the Bitcoin/gold chart is a prime illustration of charting methods. He states that the ratio is 26 at the moment, meaning that without compromising the long-term bullish case for Bitcoin, it might fall as low as 16 compared to gold. Even though this viewpoint is bullish about Bitcoin’s future, it draws attention to the natural volatility in its price in relation to gold. The possibility of considerable movement in the BTC/gold ratio is one of the main conclusions to be drawn from Brandt’s research. He speculates that although there may be a short-term decline in Bitcoin, the ratio may rise to 150 or higher, according to the longest-term chart. This supports the idea that Bitcoin can be a valuable store of wealth by indicating a significant upside for the cryptocurrency relative to gold. Brandt is an advocate of investing in Bitcoin and gold in a balanced manner. This sentiment emphasizes the value of diversification and avoiding putting all of your eggs in one asset class. Investors can protect themselves from the volatility and inherent risks of both gold and Bitcoin by holding both of them. The dynamic and ever-evolving competition between Bitcoin and gold as stores of value is summarized by Peter Brandt’s analysis.His focus on traditional charting principles, combined with interpretive flexibility, provides a nuanced view of market movements. Even though Brandt is aware that there may be temporary drops, he is still optimistic about Bitcoin’s long-term prospects in comparison to gold.Prudent investment strategies align with his advice to diversify holdings and steer clear of dogmatism, implying that both assets can be essential components of a well-balanced portfolio. There are enormous ramifications for investors everywhere as this historic struggle between traditional and digital stores of value continues to play out.This article was originally published on U.Today More

Thus, Alex Kruger recently shared his thoughts on the challenging market conditions. He suggested that when Bitcoin reaches new all-time highs, only a few traders might still be “alive” and have money. Another well-known figure, BTCVIX, also acknowledged the difficulty of the past few months for traders. However, he pointed out an important technical indicator: Bitcoin is currently experiencing its third tightest weekly Bollinger Bands in history, which suggests that major price movement for Bitcoin is still in the cards.Bollinger also mentioned that a two-bar reversal pattern at the lower band could be a key factor in future price movements, but he warned about some potential supply at the upper border that could affect Bitcoin.In the next two days we are likely to see the development of this outlook as the price of Bitcoin has broken the the simple moving average (SMA) inside the Bollinger Bands. This development cannot be called positive as SMA represents a strong price support level.The breaking of this level indicates that there is no interest from buyers currently, and in the paradigm of the Bollinger Bands, the price of BTC tends toward the lower band, which currently stands at $58,422.This article was originally published on U.Today More

Fears of a mass sale event by the U.S. government, along with uncertainty over how the U.S. presidential race will affect crypto regulation, also kept traders largely averse towards crypto. Bitcoin stood at $64,649.0 by 08:33 ET (12:33 GMT), after sinking as low at $63,697.1 earlier.The world’s biggest cryptocurrency was set to lose over 5% this week, as sentiment towards crypto markets soured amid growing uncertainties in the sector.Bitcoin was dented by reports that the U.S. government had mobilized about $2 billion of confiscated tokens for a potential sale- a scenario that presents downward pressure on Bitcoin’s price.A broader risk-off sentiment also kept traders averse towards crypto markets, as a swathe of weak economic readings from the U.S. and China ramped up concerns over slowing growth, driving traders into safe havens such as gold, the dollar and the Japanese yen. Global stock markets saw a deep rout on Thursday and Friday amid increased risk aversion.Additionally, uncertainty over the U.S. presidential election was also in play after a Bloomberg poll showed Democratic frontrunner Kamala Harris now tied with Republican nominee Donald Trump, diminishing the prospect of a Trump presidency. Crypto markets had last week rallied on comments from Trump that he will foster the industry if reelected.Harris, on the other hand, has made no open statements about crypto. But it is widely assumed that she will continue to Biden administration’s crackdown against the sector on the grounds that it fosters fraud. Following its latest decline, Bitcoin is now hovering near its 50-day moving average, which serves as a key support line for some traders.“If the decline develops, dynamics around the $63K and $61K levels, near where the 50 and 200-day moving averages are, will be important. A failure of this support will open the way to $55K, which is quite frightening,” a market analyst at FxPro reportedly told CoinDesk via email. “August is considered one of the two worst months for BTC. Over the past 13 years, bitcoin has ended the month up only five times and down eight times. The average decline was 15.4% and the average rise was 26%,” they added.The broad sell-off in BTC also impacted some bitcoin exchange-traded funds. While U.S.-listed BTC ETFs saw a total daily net inflow of $50.6 million, funds such as GBTC, FBTC, ARKB, BITB, and HODL experienced outflows. In contrast, Ether ETFs collectively posted a net inflow of $26.75 million, although many showed zero flow.Among broader crypto markets, major altcoins tracked weakness in Bitcoin amid few positive cues. Altcoins were also headed for weekly losses.World no.2 token Ether fell 2% to $3,135.21 and was headed for a 3.5% weekly loss. The token saw little cheer from the launch of spot exchange-traded Ether funds in U.S. markets last week. XRP, ADA and SOL fell between 2.5% and 6.5%, while among meme tokens, DOGE and SHIB fell around 3% each.  More

According to Dashjr’s comments, there is a growing discussion in the community regarding the necessity of increasing the number of active users and updating spam filters. Segwit, a significant protocol update intended to increase transaction efficiency and lower fees, was activated by the Bitcoin community seven years ago. The developers of Bitcoin Core initially opposed this decision, arguing that miners should be the only ones to make such decisions. Nevertheless, this decision was made. The launch of Segwit marked a significant milestone in the history of Bitcoin and showed the strength of the community in pushing protocol upgrades. Dashjr observed a similar scenario involving the planned modifications to the Bitcoin spam filter currently taking place. He recently tweeted his displeasure with the community’s lack of activity, claiming that many people have become too passive or are dissatisfied with the activities.card He emphasized that unlike fiat currencies, which are centralized, Bitcoin should not be dependent on a centralized service team. Instead, it should be decentralized at its core. Dashjr’s appeal for action emphasizes how crucial engaged users are to the Bitcoin community. Users should make their own decisions and not merely rely on the central government, according to Dashjr, in order to maintain the true principles of Bitcoin’s decentralization. This viewpoint is consistent with the underlying philosophy of Bitcoin, which was developed as a decentralized financial system substitute. In the community, there is debate about whether or not to update spam filters. Some contend that in order to preserve network performance and lower the quantity of pointless transactions, stronger spam filters are required. Some worry that censorship could result from these actions, undermining the fundamental principle of Bitcoin: unrestricted transparent transactions.This article was originally published on U.Today More

Saylor tweeted: “The best strategy is a #Bitcoin Strategy.” According to the diagram, since Aug. 10, 2020 – the day when MicroStrategy made its first BTC purchase – Bitcoin has surged by 442%, massively exceeding other leading market indices. These include the S&P 500 with its 64% surge, the Nasdaq 100, which rose by 60%, as well as gold, silver and bonds that have grown by 19% and fallen by 1% and 18%, respectively.As for the stock’s price performance, the MicroStrategy share price skyrocketed by 1,206%, leaving other tech giants far behind – Nvidia (NASDAQ:NVDA) (+948%), Tesla (NASDAQ:TSLA) (+145%), Google (NASDAQ:GOOGL) (+131%), Microsoft (+101%), Meta (NASDAQ:META), Netflix (NASDAQ:NFLX) and Amazon.This whopping performance superiority demonstrated by MicroStrategy is due to the company’s regular Bitcoin purchase, which the company holds tightly on its balance sheet. Besides, a few times over the past couple of years, MicroStrategy bought Bitcoin with the help of funds raised from investors in the form of convertible senior notes sold to them. This has been done twice this year already.Besides, Saylor has been promoting Bitcoin frequently since August 2020 by posting about it on his personal page on the X social media network. At least over the past year, he has been posting AI-generated pictures related to Bitcoin with a short motivational slogan almost every day.However, that rise was followed by a pullback that took Bitcoin down by nearly 2%, pushing it back close to $64,000. As of this writing, Bitcoin is changing hands at $64,280.The Bitcoin rise and the fall that followed coincided with the Federal Reserve’s decision to hold interest rates steady, while earlier this year, Fed chairman Jerome Powell stated several times that the Fed is likely to start cutting rates.This article was originally published on U.Today More

Bybit, the world’s second-largest crypto exchange by trading volume, is proud to announce the integration of USDe, a groundbreaking reward-bearing stable margin collateral, into its platform. This integration marks a significant milestone in empowering traders to efficiently manage their collateral while unlocking rewards and earning yields.This strategic integration between Bybit and Ethena represents a forward-looking move that seeks to reshape the stablecoin landscape in the cryptocurrency industry. Bybit’s adoption of Ethena’s USDe introduces a new paradigm in trading rewards and collateral management.“We are thrilled to announce this partnership with Ethena, aligning great minds to drive industry innovations,” said Ben Zhou, co-founder and CEO at Bybit. “Enabling USDe integration on Bybit offers us unparalleled strategic advantages in fostering and shaping a more vibrant and resilient crypto ecosystem. We look forward to the groundbreaking developments this partnership will bring, and the positive impact it will have on our users and the broader crypto community.”“Ethena’s integration with Bybit is a significant step in driving use cases for USDe,” said Guy Young, CEO and Founder of Ethena Labs. “Offering USDe as collateral on Bybit which is one of the most important derivative venues in all of crypto will unlock USDe’s next wave of growth, further challenging the existing stablecoin hegemony with a tailored product purpose-built for crypto-natives.”Key highlights of the campaign:About BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 37 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, please visit Bybit Press. For media inquiries, please contact: media@bybit.comFor more information, please visit: https://www.bybit.comFor updates, please follow: Bybit’s Communities and Social MediaContactHead of PRTony AuBybittony.au@bybit.comThis article was originally published on Chainwire More

exSat is excited to welcome Bitget as a new Validator node in our network. This partnership represents a significant milestone, enhancing scaling solutions through the exSat Docking Layer and advancing the Bitcoin ecosystem.Bitget’s extensive experience in providing asset storage, fast trading, and DeFi investments across more than 168 countries will bring significant value to the exSat network. Their support of over 100 public chains and integration of functionalities like Swap, NFT Market, and DApp Browser will enhance the robustness and versatility of the Bitcoin ecosystem through exSat.Stay tuned for more announcements as we continue to reveal additional validators joining exSat, reinforcing our dedication to creating a scalable and interoperable Bitcoin ecosystem.ContactTristan DickinsonexSattristan.dickinson@exsat.orgThis article was originally published on Chainwire More