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Ankr launches AI-focused Layer 1 blockchain Neura on public testnet
Web3 infrastructure provider Ankr has launched the public testnet for its AI-focused Layer 1 blockchain, Neura. Ankr Network’s ANKR token will act as Neura’s native cryptocurrency, with a mainnet launch anticipated later this year.
The Block·2024/04/22 15:10
Grayscale transferred approximately 1,368 BTC to Coinbase Prime and other addresses
Arkham·2024/04/22 14:54
Layer-2 Coins Outperform BTC 72 Hours After Bitcoin Halving
Coinedition·2024/04/22 13:43
Celo developer cLabs proposes using OP Stack to launch Ethereum Layer 2 chain
cLabs, the core developer of the Celo blockchain, has proposed developing its Layer 2 chain using the OP Stack. After evaluating various scaling technologies over an eight-month period, the firm chose OP Stack for development.
The Block·2024/04/22 13:39
A giant whale withdrew 800 BTC from CEX in the past 5 hours, worth US$52.84 million
Lookonchain·2024/04/22 13:36
Swiss Bitcoin advocates launch a referendum on the inclusion of Bitcoin in national asset reserves
ChainCatcher·2024/04/22 13:33
Crypto funds see $206 million in weekly outflows as investors 'fret' over interest rates: CoinShares
Global crypto investment products witnessed a further $206 million in net outflows last week.Expectations the Federal Reserve is likely to keep interest rates at higher levels for longer fueled the outflows, according to CoinShares.
The Block·2024/04/22 12:22
$60 Million USDT Already Issued On TON, Great Start, Says CEO
Cryptodaily·2024/04/22 12:07
Sui ecological lending protocol Scallop receives strategic investment from DWF Labs
Bitget·2024/04/22 11:53
Flash
02:06
Grayscale: On-chain Metrics Show Bitcoin Is Undervalued, But Has Not Yet Reached Previous Cycle LowsBlockBeats News, June 10th, According to the latest report "Is Bitcoin Cheap Yet?" released by Zach Pandl, Director of Grayscale Research, as the Bitcoin price dropped below $60,000 and hit a new low in this cycle, a comprehensive analysis of various on-chain valuation indicators indicates that Bitcoin is currently undervalued. However, the attractiveness of this valuation is still weaker than the bottom of the previous market cycle (such as post-FTX collapse).
The report points out that a comprehensive valuation model composed of three on-chain indicators—NUPL (Net Unrealized Profit/Loss), Price/CVDD, and Market Cap/Thermo Cap—shows that the Bitcoin price is significantly below its long-term average. Nevertheless, Grayscale believes that the decline in this bear market cycle may be shallower than in previous cycles, due to reasons such as the relatively moderate rise in the previous bull market and market structure improvements resulting from the adoption of spot ETFs, wealth management platform allocations, and institutional adoption.
Regarding future trends, Grayscale believes that investors should pay close attention to two short-term catalysts: the progress of the U.S. "CLARITY Act" in the Senate and whether high-leverage Bitcoin holders can stabilize their balance sheets. The report states that institutions remain optimistic about the eventual passage of the CLARITY Act; however, it predicts that there is still considerable uncertainty about the market's perception of the outcome. The current price level provides a Dollar Cost Averaging (DCA) opportunity for long-term investors, while short-term traders may wait for further clarity on the CLARITY Act before making decisions.
00:58
Spot Gold Falls Below $4200/Ounce, Hits Nearly 3-Month Low On June 10, spot gold continued to decline, falling below $4200 per ounce for the first time since March 23, with a daily drop of 1.4%. (Jin Shi)
00:38
Bitmine Acquires Additional 75,000 ETH in Last 8 HoursOn June 10, according to monitoring by Lookonchain, Bitmine, the Ethereum treasury company owned by Tom Lee, has purchased an additional 75,000 ETH through an exchange and FalconX in the past 8 hours, valued at approximately $123 million.
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