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Goldman Sachs CEO David Solomon says bitcoin could be 'a store of value case'
Goldman Sachs CEO David Solomon says bitcoin could be 'a store of value case'

The Goldman Sachs CEO joined CNBC for an interview from the Summer Olympics in Paris, France.“I’ve always said I think it’s a speculative investment,” David Solomon said. “I don’t see a real use case.”

The Block·2024/07/30 14:48
QCP Capital forecasts significantly greater volatility for Ethereum compared to bitcoin
QCP Capital forecasts significantly greater volatility for Ethereum compared to bitcoin

Ethereum is poised for larger price swings than bitcoin, with its volatility premium widening to 8%, analysts said.Analysts favor Ethereum accumulation due to its cost-effective spot price and robust performance amid wider crypto market fluctuations.

The Block·2024/07/30 14:27
Bernstein says mining hardware is a $20 billion opportunity amid Trump's push to 'make bitcoin' in the US
Bernstein says mining hardware is a $20 billion opportunity amid Trump's push to 'make bitcoin' in the US

Bitcoin mining chips and hardware represent a $20 billion opportunity over the next five years, according to analysts at Bernstein.The analysts see this as favorable for U.S. Bitcoin miners amid Donald Trump’s recent push to “make bitcoin” in America.

The Block·2024/07/30 11:00
Bitcoin price slides below $67,000, triggering a spike in long liquidations
Bitcoin price slides below $67,000, triggering a spike in long liquidations

Bitcoin long liquidations reached nearly $68 million in the past 24 hours as the price fell below $67,000.In total, crypto exchanges saw $161 million in positions get liquidated, with around $153 million in long positions.

The Block·2024/07/30 10:18
Flash
00:52
Iranian Foreign Ministry: Fee Required for Services in the Strait of Hormuz
BlockBeats News, June 14th, according to CCTV, Iranian Foreign Ministry spokesperson Baghaei stated on the 13th that Iran's measures to ensure the safe passage of the Strait of Hormuz are not only to safeguard national security but also in line with the common interests of the international community. Iran must receive a fee for providing services in the Strait of Hormuz. Earlier, Iranian National Security Council Vice Chairman Naboyan stated on the 13th that, according to the Iranian and U.S. memorandum of understanding he had seen, all commercial ships in the Strait of Hormuz will resume passage without any restrictions.
00:43
Bitcoin Mining Difficulty Sees 10.09% Single-Adjustment Downward, Marking the 11th Largest Downward Adjustment in History
BlockBeats News, June 14th, according to Galaxy Research monitoring data, the Bitcoin network today completed the latest round of difficulty adjustment at block height 953,568. The difficulty dropped from 138.96T to 124.93T, a decrease of 10.09%, marking the 11th largest single downward adjustment in history and the second largest drop since 2026. The data shows that this adjustment period was 15.6 days, significantly longer than the protocol's target period of about 14 days. Research indicates that the Bitcoin price has fallen by approximately 15% in June, squeezing miners' profit margins. This has led to some mining power going offline, causing a decline in the overall network hash rate and triggering a difficulty readjustment. Galaxy Research believes that this adjustment reflects the typical pressure transmission mechanism of miners during a price decline cycle, where the process involves price drop → mining power exit → difficulty adjustment in a dynamic equilibrium.
2026/06/13 15:57
The probability of the Fed keeping interest rates unchanged in June is currently reported to be 97.4%.
BlockBeats News, June 13th, according to CME's "FedWatch" data, the probability of the Fed maintaining the interest rate in June is currently at 97.4%, with a 2.6% probability of a 25 basis point rate cut.
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