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PS Plus Extra and Premium records 48% decline in player count this month
PS Plus Extra and Premium records 48% decline in player count this month

Share link:In this post: PS Plus Extra and Premium experienced a 48% decrease in player count. The decline occurred despite notable titles such as Remnant 2 and Crisis Core being released in July. The drop was attributed to the poor performance of the expensive tier games catalog.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultati

Cryptopolitan·2024/07/29 21:55
Bitcoin dominates weekly crypto inflows, hits $19B YTD
Bitcoin dominates weekly crypto inflows, hits $19B YTD

Share link:In this post: Bitcoin leads crypto inflows with $19 billion YTD, drawing $519 million just last week. Ethereum ETFs stir controversy with $2.2 billion inflows as Grayscale causes massive outflows. Trump’s Bitcoin promises include retaining seized Bitcoin and banning CBDCs if re-elected.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research

Cryptopolitan·2024/07/29 21:55
What if the US really bought 1 million BTC?
What if the US really bought 1 million BTC?

Bitcoin is being tossed around as a potential US reserve asset, like gold and foreign currencies

Blockworks·2024/07/29 20:43
Empire Newsletter: What would a strategic bitcoin reserve look like?
Empire Newsletter: What would a strategic bitcoin reserve look like?

Plus, bulls are back in the driver’s seat, or so it seems

Blockworks·2024/07/29 20:43
Web3 restaurant app Blackbird launches new payments platform Blackbird Pay
Web3 restaurant app Blackbird launches new payments platform Blackbird Pay

Quick Take Blackbird Labs, the firm building out the web3 restaurant app Blackbird, launched a new platform. Blackbird Pay is a payment and check settlement network for restaurants.

The Block·2024/07/29 16:00
Ethereum is following Bitcoin’s trajectory but cumulative ETF outflows near $500M
Ethereum is following Bitcoin’s trajectory but cumulative ETF outflows near $500M

Share link:In this post: Ethereum price is showing a pattern similar to Bitcoin. The US SEC approved Ethereum ETFs entered week 2 of trading. Despite early outflows from Grayscale’s Ethereum Trust, other Ethereum ETFs are seeing positive inflows.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional be

Cryptopolitan·2024/07/29 16:00
Flash
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.
15:35
In the past 24 hours, there has been a total of $120 million in liquidations across the entire network, triggering a long and short squeeze.
BlockBeats News, June 13th, according to Coinglass data, the entire network liquidated $120 million in the past 24 hours, with $71.35 million in long liquidations and $48.36 million in short liquidations.
15:11
Analyst: US Bond Yield Rises to Highest Level Since Bitcoin's Inception, Potentially Suppressing Risk Asset Performance
BlockBeats News, June 13th - Cryptocurrency analyst Darkfost posted on social media, stating that Bitcoin is currently facing one of the most challenging US Treasury yield environments since its inception. Although historically the US Federal Reserve rate and the US Dollar Index have reached higher levels, the current long-term US bond yield remains elevated, with the 30-year and 10-year bond yields fluctuating in the range of 4.5% to 5%. Coupled with the market's increasing expectations of another interest rate hike later this year, this has led to a high funding cost and a tightening liquidity environment. Analysts believe that in this high-yield environment, investors are more inclined to allocate to low-risk fixed-income assets, thereby weakening the attractiveness of risk assets including Bitcoin. Historical experience shows that rising bond yields often coincide with tightening financial conditions, putting pressure on Bitcoin's price trend. The current market is at a key inflection point, where the risk premium provided by risk assets compared to long-term bonds is being compressed. However, if the future macroeconomic outlook becomes clearer, investors regain confidence in the bond market, funds flow into bonds pushing yields lower, and the risk premium expands again, thereby improving the investment environment for risk assets like Bitcoin. The market generally believes that this process may take several months, and the evolution path will largely depend on US government policies and the overall economic situation.
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