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Ethereum Predicted to Fall 50%, XRP Drops After SEC Appeal—Why FTT and Cybro Are the Future of Altcoins

Ethnews·2024/10/07 18:43

The Daily: Robinhood exec could lead SEC if Trump wins, 'Uptober' is back on track as bitcoin recovers and more

Robinhood Chief Legal Officer Dan Gallagher is emerging as a leading contender to head the SEC if Donald Trump wins the 2024 election, according to Politico.QCP Capital analysts claim “Uptober” is back on track as bitcoin recovers from last week’s volatility.Ethereum proposal EIP-7781 calls for reducing the blockchain’s slot time from 12 to 8 seconds to boost transaction throughput.The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

The Block·2024/10/07 17:57

Bitcoin: Leading Analyst Unveils Key Factors to Ignite the Next Bull Cycle

Cryptodnes·2024/10/07 17:54

Bitcoin Surges Above $64,000 – Are Bulls Taking Over?

Cryptodnes·2024/10/07 17:54

Investor Chris Burniske Says Memecoins Will Be Bigger Than We Expect This Crypto Cycle – Here’s Why

Daily Hodl·2024/10/07 16:00

Possibilities for Ethereum’s Future: Nearly 29% Staked, Yet Price Faces Challenges

Coinotag·2024/10/07 16:00

Bitcoin’s Q4 Prospects: Could Creditor Repayments from FTX Reshape the Market?

Coinotag·2024/10/07 16:00

Robinhood Executive Could be Heading the SEC Under Trump

The next chair of the United States Securities and Exchange Commission could be much friendlier to crypto if Donald Trump gets into the Oval Office.

Cryptopotato·2024/10/07 16:00

Bitcoin miner revenues continue to decline in September as network hash rate rises

Quick Take U.S. publicly traded bitcoin miners have finished releasing their monthly mining updates for September. The total market cap of 14 U.S.-listed bitcoin miners tracked by JPMorgan rose 4% to $21 billion during the month.

The Block·2024/10/07 16:00

Exploring the Possibility of a Bullish Altseason: Could Fantom (FTM) and Other Altcoins Be on the Cusp of a Breakout?

Coinotag·2024/10/07 16:00

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11:52

"New Stock God" Serenity: Nvidia Returns to the Spotlight Among eSports Gamers as Jensen Huang to Meet Faker

According to Odaily, the "new stock god" Serenity posted on X, stating that NVIDIA CEO Jensen Huang will meet with League of Legends star player Faker. Serenity mentioned that a few years ago he had discussed PUBG and the GPU mining shortage with Jensen Huang, who at the time expressed enthusiasm for cross-platform gaming and ensuring sufficient graphics card allocation for players. Serenity added that although NVIDIA has shifted its focus to AI in recent years—which is understandable—this meeting sends a symbolic signal: NVIDIA is returning to its roots of prioritizing gamers.

11:50

Spot Gold Surges Above $4500 Per Ounce

BlockBeats News, June 4th, according to Bitget data, spot gold surged above $4500 per ounce, up 1.49% intraday. Spot silver rose over 2% intraday and is currently trading at $74.17 per ounce.

11:49

Michael Saylor: The decline in bitcoin is due to capital flowing into AI, which is a rotation of capital rather than a fundamental weakness in bitcoin itself

BlockBeats news, on June 4, Strategy founder Michael Saylor posted that the capital markets are funding AI infrastructure on an unprecedented scale, with approximately $400 billion raised in the past six months. Saylor pointed out that since May 14, Bitcoin ETFs have seen approximately $4 billion outflows, putting pressure on the BTC price. However, he believes this is part of a capital rotation, not damage to Bitcoin itself. Saylor stated: "Volatility creates opportunity."

Trending news

'The power landlords of AI': Bernstein initiates coverage on bitcoin miners TeraWulf and Cipher Digital, sees ninefold AI revenue by 2030

Spot Gold Surges Above $4500 Per Ounce

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