Cryptocurrency

Less than an hour ago, Taleb revealed the title of his next book and what it will be about in a post published on the X social media platform. Taleb is also a major Bitcoin critic who came to it all the way from adoring BTC.Taleb shared that his next book will be called The Lydian Stone (also known as the “touchstone”) that is a flint stone that was used by ancient peoples to verify the quality of silver and gold. As for the subject of this new book, the scholar wrote that it will be “partly on how humans get confused by sequences.” “It also maps to the arrow of time and Entropy.”Three years ago, Taleb made a loud reverse from Bitcoin, turning into a BTC critic. He tweeted that he had begun selling his BTC. One of the reasons for that was its high volatility and he stated that a currency cannot be more volatile than things you buy with it. He also stated that Bitcoin for him had failed to work as a store of value. Since then, he has been constantly criticizing BTC on his X account and once even referred to it as a tumor.Considering the large amount of critiques he has poured on Bitcoin, the odds are that Taleb could mention Bitcoin in his new book.This article was originally published on U.Today More

First, the recent release of CPI data has sparked a broad breakout across risk assets. Bitcoin swiftly rebounded above the $66,000 threshold, signaling renewed investor confidence and a shift toward risk-on sentiment.Second, QCP Capital’s analysts project a continuation of this upward trajectory, foreseeing a potential return to the $74,000 highs. This projection is supported by notable market activity, including substantial purchases of $100,000-$120,000 per BTC call options for December 2024.Third, institutional interest in Bitcoin remains robust, with major asset managers like Millennium Management and Schonfeld allocating significant portions of their assets under management to spot Bitcoin ETFs. Recent filings underscore this trend, revealing Millennium Management’s $2 billion exposition through such solutions.Moreover, a convergence of factors, including widespread sovereign and institutional adoption, diminishing inflation concerns and the anticipation surrounding upcoming U.S. presidential elections, further bolsters the case for bullish momentum.As market observers speculate on the future of this breakout, there is growing anticipation regarding the potential resumption of the bull market for Bitcoin.Should this trend persist, it could pave the way for BTC to eclipse its previous all-time high at $74,000, presenting enticing prospects for investors seeking to capitalize on the potential upward trajectory.This article was originally published on U.Today More

Margex, a cryptocurrency trading platform boasting ultra-convenient and user-friendly copy trading, is excited to announce Kaspa deposit and withdrawal. Kaspa is a blockchain technology that uses a proof-of-work (PoW) consensus mechanism and BlockDAG architecture to improve the scalability and validation of transactions within the shortest possible time at a low cost. Margex is excited to announce its support for the Kaspa network, facilitating instant deposits and withdrawals. Users can now trade Kaspa tokens, alongside other listed tokens while also having the option to utilize leverage. Margex is committed to providing its users with the best trading experience. $3 Million Spent on Margex Platform UpgradeAdditionally, Margex has spent $3 million redesigning its platform, introducing a zero-fee converter to enhance the user’s trading experience. The platform also allows users to explore the copy trading feature to replicate the trades of experienced traders. Margex plans to launch its ultra-modern wallet to help users have complete control and secure their assets within the platform. About MargexMargex is a boutique cryptocurrency exchange established in 2019, providing users access to a safe, powerful, and convenient copy trading platform. Margex copy trading makes trading simple yet effective for traders of any experience level.Users of all types can replicate the trades of professional traders with no experience required, while skilled traders can earn income by allowing other users to copy successful strategies. With a minimum deposit of $10, traders can access all of Margex’s copy trading functionality, as it remains the most user-friendly platform in the crypto industry. Users can follow Margex on Facebook (NASDAQ:META), Twitter, Telegram, Discord, and YouTube, or join the Margex teamContactHead of CommunicationsAlsu IrkabaevaMargexpr@margex.comThis article was originally published on Chainwire More

This unexpected analogy comes amid a growing trend of meme-inspired cryptocurrencies gaining traction on the market. It is interesting that Saylor pointed out precisely the memeing connotation when real meme mania is unfolding on the crypto market. While all sorts of dog- and cat-inspired tokens are soaring parabolas on their price charts, Saylor emphasizes Bitcoin’s central role in this cultural narrative.Defined as ideas or behaviors spread virally within a culture, memes carry symbolic significance, often representing specific themes or phenomena. Saylor’s comparison positions Bitcoin as not only a digital currency but also a symbolic representation of broader societal shifts in finance and technology.Several analysts, including renowned trader Peter Brandt, are anticipating further upward momentum in the price of Bitcoin. With projections pointing toward a potential retest of the $74,000 mark, which stands as the current all-time high, optimism prevails within the crypto community. However, as with any market prediction, only time will reveal the accuracy of these forecasts.This article was originally published on U.Today More

The newspaper, citing sources, said the exchange, headquartered in Chicago, has been talking with traders who want to buy and sell bitcoin on a regulated marketplace, However, it was added that the plan has not yet been finalized. Speaking to Investing.com following the report, analysts at Bitget Research noted that the CME has opened futures contract trading, and “the market demand for trading has been very strong, as evidenced by market validation.””With a current CME contract position of 137,600 BTC, valued at around $9.1 billion, it has surpassed Binance to become the largest exchange in terms of contract holdings,” the analysts stated. They also highlighted that demand for spot trading is also robust, as is demand for futures contracts. Data from CoinMarketCap shows that Bitcoin’s spot trading volume in the last 24 hours reached $42 billion. “Given the scale of this trading volume, it’s a normal business logic for CME to want to expand its product range and user base,” the analysts said. More

With the launch of Netki’s DeFi Sentinel on Sui, protocol developers can opt to screen transactions before finalization on the blockchain, easing a significant compliance burdenToday, Netki, a digital identity verification leader, announced the launch of their pioneering compliance oracle – DeFi Sentinel – on Sui, the Layer 1 blockchain and smart contract platform. The integration introduces an essential tool for developers that automates compliance within their protocols, allowing them to focus on shipping high-impact projects instead of spending time developing tools to meet complex, ever-changing regulations that often differ across jurisdictions.Institutions are eager to engage with DeFi protocols and technology but need to ensure that all of their trades, and trading partners, meet their compliance standards. Until now, these institutional players have been forced to either trade in manually managed pools with limited liquidity and trading volume, or to avoid DeFi altogether. With DeFi Sentinel on Sui, developers can meet institutional as well as regulator requirements via a one-time integration.DeFi Sentinel leverages Netki’s advanced technology to provide real-time KYC/AML, wallet screening, financial transaction monitoring, securities compliance, and tax compliance, all now integrated directly within the DeFi protocols on Sui that choose to implement the tool. The solution combines on-chain and off-chain data to ensure each transaction adheres to institutional risk, as well as regulatory standards.Sui will also integrate Netki’s OnboardID, which, for protocols that enable it, enhances user onboarding and identity verification processes, reducing costs and simplifying compliance around the onramping process for Sui developers’ applications. Netki’s integration represents a significant advancement in making decentralized financial systems safer and more accessible globally.”DeFi protocols are poised to transform financial services by enhancing accessibility and transparency, but many of the best ideas fail to get off the ground due to compliance concerns,” said Evan Cheng, CEO of Mysten Labs, the original contributor to Sui. “Netki’s integration not only fortifies the security and compliance of transactions on Sui but also assures institutional and individual participants of their adherence to evolving regulatory requirements, and most importantly, gives developers the peace of mind to build with confidence.”Netki’s DeFi compliance oracle is unique in the industry, enabling transaction-by-transaction compliance, which is crucial for institutional adoption of DeFi tools. With features like real-time name and wallet screening, the solution ensures that compliance and risk management are seamlessly integrated into the transaction flow without compromising the user experience or developer agility.“By integrating DeFi Sentinel with Sui’s robust and scalable blockchain infrastructure, we are setting a new standard for safety and compliance in the DeFi space,” said Justin Newton, CEO of Netki. “We aim to enable the safe and widespread adoption of DeFi technologies, ensuring that developers can focus on innovation while evolving and expanding compliance requirements are effortlessly met.”ContactSui Foundationmedia@sui.ioThis article was originally published on Chainwire More

The world’s biggest cryptocurrency rose 4% in the past 24 hours to $66,264.2 by 08:54 ET (12:54 GMT). The token had pushed as high as $66,700, before losing some momentum.Bitcoin rebounded on Wednesday after sinking as low as $60,000 earlier this week. The rebound was fueled largely by a slide in the dollar, which hit one-month lows after some softer consumer price index readings for April. Headline CPI grew at a slower-than-expected pace, while core CPI eased as expected.The readings, which were accompanied by weaker-than-expected retail sales data, pushed up some hopes that inflation will ease in the coming months and give the Federal Reserve more confidence to begin trimming interest rates. But inflation still remained well above the central bank’s annual 2% target range. A slew of Fed officials also warned in recent weeks that the bank will need much more confidence to begin trimming rates. This notion limited any major gains in Bitcoin, keeping the token trading comfortably within a $60,000 to $70,000 trading range established over the past two months. Increased risk appetite, which was reflected in Wall Street hitting record highs, also did not spill over into crypto.The prospect of regulatory headwinds bode poorly for crypto markets, especially as recent reports suggested the Securities and Exchange Commission was mobilizing more regulatory action against the sector. Bitcoin’s rangebound performance also comes as capital flows and trading activity in spot exchange-traded funds, which were a key driver of its March rally, largely stagnated in recent weeks. Bullish sentiment for riskier assets following soft inflation figures could drive bitcoin prices toward $74,000 in the coming days as institutional demand continues to grow, according to a Singapore-based crypto asset trading firm QCP Capital.The softer-than-expected CPI data triggered a breakout for BTC, with the asset regained the $66,000 mark for the first time since April and posted its biggest single-day gain since March.This move, coupled with demand from traditional finance, could see Bitcoin regaining its March record of $73,700, QCT traders noted.“We expect bullish momentum here that could take us back to the highs of nearly $74,000,” they said. “The desk saw sizeable buyers of $100K-$120k BTC Calls for Dec 2024 on this move higher in spot.”“Institutional demand for bitcoin continues to grow, with large asset managers Millennium and Schonfeld investing approximately 3% and 2% of their AUM into the BTC spot ETF.”Multiple filings on Wednesday revealed that several big-name funds, such as Millennium Management and Elliott Capital, held millions worth of bitcoin exchange-traded funds (ETFs) in their portfolios.Meanwhile, some analysts note that selling pressure on bitcoin appears to have eased, citing on-chain and exchange data.Major altcoins also clocked sharp gains on Thursday, although a bulk of tokens remained well below highs hit in March, when they had piggybacked the Bitcoin rally.World no.2 token Ethereum rose 1.4%, while XRP added 2.2%.Solana was an outperformer, rising 9.5% to an over one-month high. Still, the token also remained well below its 2024 peaks. More

Entangle, an interoperable data infrastructure layer, announces the successful launch of its Mainnet after two years of development and a robust testnet phase. This milestone positions Entangle as a key player in the omnichain space, delivering innovative solutions for seamless interoperability.The Mainnet launch includes several key components: the Entangle Blockchain, Entangle Explorer, Photon Messaging, Validators, Delegation, and e-Bridge. The architecture of the Entangle Blockchain is built on a layered structure, consisting of the Application Layer, Modules Layer, and the Tendermint Consensus Layer.The Entangle Blockchain has an average block time of less than 2.8 seconds, showcasing its efficiency. The Photon Messaging feature further enhances the platform, enabling omnichain development across 16 EVM and non-EVM blockchains, including Solana.With the Mainnet launch, NGL holders now have the opportunity to stake their tokens to secure the blockchain, earn rewards, and benefit from more promotions coming up within the Entangle Ecosystem. The staking process includes delegating tokens to the Entangle validators and agent network, which plays a vital role in securing the Photon Messaging system. Currently, there are 71 validators, including prominent market leaders such as Hashkey Cloud, Rhino, Nodefi, and DaiC, with more validators expected to join. Notably, approximately 25 million NGL tokens have already been staked or delegated to validators, underscoring the enthusiasm and confidence in Entangle’s potential. Users can visit the Entangle Explorer and select a validator or transmitter agent to delegate their tokens.Entangle’s upcoming initiatives include onboarding agents who will also accept delegations and stakes from users. About Entangle Entangle is a leading blockchain platform for connecting networks, protocols, and assets across the web3 ecosystem. By creating a unified ecosystem, Entangle empowers developers and users to interact seamlessly across multiple blockchains, enhancing connectivity and fostering innovation.Website | Blog | X | Discord | TelegramContactFaisal Mehrbaninfo@entangle.fiThis article was originally published on Chainwire More