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1Bitget Daily Digest (5.09)｜Bitcoin Reclaims $100K as Trade Tensions Ease, Ripple Reaches Settlement with SEC2Can SUI Crypto Reclaim $5.50 as Stablecoin Supply Hits New ATH?3Pepe Surges 13.61% as Volume Jumps: Will the Uptrend Last?
Prophetic Vision Declares XRP a ‘Profound Investment’ – Could It Soar to $10,000?
Unearthed video shows deceased prophet Kim Clement predicting that something with 'x' and 'p' in its name would become a big investment.
CryptoNews·2024/08/22 15:23
Shocking: Coin Value Drops 50% to 100% Even Six Months After a Hack
“Getting hacked is the beginning of the damage, not the end.”
CryptoNews·2024/08/22 15:23
Bitcoin could rally to $65,000 if key support level holds
Cryptobriefing·2024/08/22 15:06
PSE Trading: Macro and data analysis reveals a positive outlook
Odaily·2024/08/22 13:10
Spot Ethereum ETFs record longest outflow streak amid drying investments
Ethereum ETFs in the US face significant outflows, contrasting Bitcoin ETFs, which continue to attract investments.
Cointelegraph·2024/08/22 08:36
To break the altcoin bear market, a DeFi revival is needed
Odaily·2024/08/22 08:34
Tron’s SunPump Meme Coin Launchpad Outperforms Solana’s Pump.fun
7,352 new tokens have been launched on SunPump over the past day.
CryptoNews·2024/08/22 08:27
Bitcoin Metrics Signal Weak Demand Dynamics, Growth Slows: CryptoQuant
Growth in total holdings of large Bitcoin investors has also slowed from a monthly pace of 6% to 1%.
CryptoNews·2024/08/22 08:27
Flash
- 03:29Data: SHIB Burn Rate Soars 3000% in 24 Hours, Development Team Considering Daily Burn of 1 Trillion TokensAccording to a report by Jinse Finance, Shiba Inu (SHIB) has burned over 67 million tokens in the past week, with the burn rate surging to 3000% within 24 hours. The SHIB development team is considering implementing an aggressive token burn strategy, aiming to burn 1 trillion SHIB daily. If this target is achieved, approximately 365 trillion SHIB will be burned in a year, reducing the current circulation by 62%. Analysts predict that if the market cap remains unchanged, this reduction in supply could potentially drive SHIB's price up by 167%, reaching approximately $0.000037. The Shibarium Layer 2 network plays a crucial role in this burn strategy, with its current total locked value at around $3 million, but it needs to grow to $1 billion to support the daily burn target.
- 03:28Michael Saylor: Bitcoin Hasn't Reached $150,000 Because Short-Term Investors Choose to Exit When Prices RiseAccording to a report by Jinse Finance, Michael Saylor, Chairman of the Board of Strategy (formerly MicroStrategy), stated on the "Coin Stories" podcast that Bitcoin has not yet reached $150,000 because holders lacking a long-term investment mindset choose to exit when Bitcoin prices rise, while a new group of investors is entering the market. He pointed out that many Bitcoins were previously held by governments, lawyers, and bankruptcy trustees, who lack a "decade-long investor mindset" and opted to cash out when Bitcoin prices rebounded. Saylor believes that those with a lower commitment to long-term investment have seized the opportunity to exit the market, while new investors are entering through ETFs and Bitcoin treasury companies.
- 03:27BlackRock, Goldman Sachs, and Fidelity Increase Bitcoin Holdings, UAE and Other Countries Also Join the Buying SpreeOn May 10, it was reported that BlackRock increased its Bitcoin holdings by purchasing twice, each worth $69 million, acquiring a total of 682 BTC, with a recent total investment of $138 million. This marks BlackRock's 18 consecutive days of investing in Bitcoin. Goldman Sachs disclosed holding $1.65 billion worth of Bitcoin through ETFs, becoming the largest holder of BlackRock's IBIT globally, with 30.8 million shares valued at $1.4 billion. Since December last year, the company has increased its IBIT holdings by 6.8 million shares and holds 3.47 million shares of FBTC valued at $250 million. Fidelity also purchased $35.3 million worth of Bitcoin. On the same day, BlackRock and Fidelity jointly invested $104.3 million in Bitcoin. Previously, BlackRock boldly acquired 47,064 BTC worth $4.44 billion, after which Bitcoin surpassed $100,000. Additionally, the founder of Neoclassic Capital revealed on CNBC that the UAE and many other countries are also purchasing Bitcoin.