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Bitcoin (BTC) Price Rally, Shiba Inu (SHIB) Predictions, and More: Recap May 16
Bitcoin (BTC) Price Rally, Shiba Inu (SHIB) Predictions, and More: Recap May 16

BTC’s value soared by $5K in a matter of hours, SHIB was predicted to launch a bull run, while PEPE hit a new ATH.

Cryptopotato·2024/05/16 08:28
QCP expects current momentum to push the bitcoin price back to all-time highs
QCP expects current momentum to push the bitcoin price back to all-time highs

QCP Capital expects the bitcoin price to return to $74,000 after the latest CPI print saw risk assets surge.

The Block·2024/05/16 08:01
Bitcoin analysis sees $74K next as BTC price tries to hold 7.5% gains
Bitcoin analysis sees $74K next as BTC price tries to hold 7.5% gains

BTC price action has its doubters after swiftly jumping to new May highs, but some see Bitcoin continuing upward momentum into price discovery.

Cointelegraph·2024/05/16 07:32
CME Group plans to launch bitcoin spot trading: FT
CME Group plans to launch bitcoin spot trading: FT

The Chicago Mercantile Exchange (CME) Group is considering launching bitcoin spot trading, according to a report.Discussions have been ongoing with traders, though the plan for spot trading rollout has not been finalized.

The Block·2024/05/16 07:25
Bitcoin ETF Flows Surge to Two-Week High as BTC Soared Beyond $66,000
Bitcoin ETF Flows Surge to Two-Week High as BTC Soared Beyond $66,000

Spot Bitcoin exchange-traded fund inflows have surged to a two-week high as the underlying asset pumped 7% on key US inflation data.

Cryptopotato·2024/05/16 06:43
Wisconsin State BTC Investment Could Cause Chain Reaction From Other States
Wisconsin State BTC Investment Could Cause Chain Reaction From Other States

The U.S. state of Wisconsin has recently revealed that it invested in a Bitcoin exchange-traded fund leading to speculation that other states could follow.

Cryptopotato·2024/05/16 06:43
Flash
10:59
India's RMZ Group to Expand Data Center Capacity with $35 Billion Investment
BlockBeats news, June 19, according to Reuters, Indian diversified real estate and investment company RMZ plans to expand its data center capacity to 2 to 3 gigawatts over the next five years as part of its $35 billion investment plan, a senior executive said. RMZ, headquartered in Bangalore, currently has a capacity of 250 megawatts. Deepak Chhabria, President of RMZ's infrastructure division, said in an interview that the company is in the final stage of negotiations for three data center projects, which after completion will increase total capacity to above 1 gigawatt. He also added that the company plans to acquire land before the end of this year, which in the future could support about 2 gigawatts of data center capacity. Click the link below to join Beating · Feishu AI News Channel, monitoring global AI news and trends 24/7.
10:59
SATA under Strive raised enough funds in its first week of daily dividends to purchase over 603 BTC.
According to Odaily, SATA, a subsidiary of Strive, raised enough funds in its first week after paying daily dividends to purchase over 603 BTC. (Bitcoin Treasuries.NET)
10:41
Elastic has agreed to acquire AI-driven software vulnerability detection and remediation company Deductive for up to $85 million.
BlockBeats News, June 19, According to TechCrunch citing a source familiar with the matter, the startup Deductive, which uses artificial intelligence to discover and fix software vulnerabilities, has agreed to be acquired by the enterprise software company Elastic, with the transaction amounting to as much as $85 million. Deductive was founded in 2023 and made its public debut in November last year when it announced the completion of a $7.5 million seed round led by CRV, with participation from Databricks Ventures, Thomvest Ventures, and PrimeSet. According to PitchBook data, this funding round valued the company at $33 million. Elastic and Deductive did not respond to multiple requests for comment. Click the original text link below to join the BlockBeats · Feishu AI News Channel, which monitors global AI hotspots and news 24/7.
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