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AI network Bittensor's crypto token is up more than 90% as market cap hits $3 billion
AI network Bittensor's crypto token is up more than 90% as market cap hits $3 billion

The token for Bittensor, the network geared toward incentivizing the development of open-source artificial intelligence, eclipsed a market capitalization of $3 billion.$TAO has risen by more than 90% in two weeks.Developers who use Bittensor, the protocol developed by the Opentensor Foundation, are rewarded with the $TAO token when they create AI models that are deemed useful.

The Block·2024/02/06 18:36
Bitcoin's price rebounds above $43,000 as macro concerns temper some optimism
Bitcoin's price rebounds above $43,000 as macro concerns temper some optimism

Bitcoin’s price rebounded above $43,000 on Tuesday, posting an increase of almost 2% in the past 24 hours.

The Block·2024/02/06 18:07
Federal Reserve ends enforcement action against FTX-linked Farmington Bank
Federal Reserve ends enforcement action against FTX-linked Farmington Bank

Quick Take The Federal Reserve said its enforcement action against Farmington Bank last year “ensured the bank’s operations would wind down in a manner that protected the bank’s depositors.”

The Block·2024/02/06 17:58
Dogecoin Stalls at $0.08 Barrier, Could This Metric Suggest Upcoming Rally?
Dogecoin Stalls at $0.08 Barrier, Could This Metric Suggest Upcoming Rally?

Dogecoin’s price remains at a stalemate, while wallet growth reaches an all-time high.

Cryptopotato·2024/02/06 15:40
Bitcoin's price decline has been exacerbated by miners selling reserves ahead of halving
Bitcoin's price decline has been exacerbated by miners selling reserves ahead of halving

Bitcoin’s pull-back below the $43,000 mark can in part be attributed to miners selling their reserves, according to Tuesday’s Bitfinex report.Miners are selling their reserves in order to bolster profits in preparation for the mining reward reduction when the halving occurs in April, the analysts added.

The Block·2024/02/06 14:33
Flash
15:41
White-Haired Stock God: Technical Analysis is the Trader's Astrology, Stock Price Does Not Rise Due to "Golden Waterfall Candle" Pattern
BlockBeats News, June 14th, "White-Haired Stock God" Serenity responded firmly when asked about using technical analysis, stating: My opinion may disappoint many people. Technical Analysis (TA) is the astrology of traders, mainly used to confirm deviations and to exploit trader psychology to find entry points. It can help you understand what other retail investors and traders are thinking and believing at the moment, but it cannot reliably predict a stock's true upside potential. Serenity gave examples, stating that the previous surge in SPCE was not because of a "Space Comet Rocket Candle" appearing on the chart, but because the market was pricing in the future revenue of companies like JBL and AMD; similarly, AXTI's 8000% spike was not due to a "Golden Waterfall Candle Signal," but driven by fundamental factors such as indium phosphide substrates, export controls, and photonics demand. Serenity emphasized that the correct research approach should focus on thematic correlations (such as the relationship between LITE and AAOI), news catalysts, forward-looking revenue projections, macro events, financial reports, float dynamics, and game theory. Through these, a reasonable market value for a company can be derived. Technical analysis is only suitable for assisting in finding entry points and risk management. It should never be used to determine where a stock will ultimately go. Using IREN as an example, Serenity pointed out that many people drew chart patterns indicating a price of over $120, but in reality, the company needs to absorb a $6 billion ATM offering first. These technical chart patterns are essentially useless. Fundamentals, catalysts, and thematic research determine the direction. Relying solely on technical analysis can easily lead to a crash in current sectors such as AI and semiconductors.
14:28
The USDC Treasury has minted an additional 250 million USDC on the Solana blockchain.
BlockBeats News, June 14th, according to Whale monitoring, the USDC Treasury minted an additional 250 million USDC on the Solana blockchain 2 minutes ago.
13:38
A Whale Liquidated a $39.03 Million ETH Short Position, Holding It for Only 18 Hours
BlockBeats News, June 14th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), a whale shorted $39.03 million worth of ETH, closed the position for a profit after only 18 hours, and made $184,000. Address 0xa2e…f1468 has closed a short position of 23,200 ETH, with an opening price of $1680.8 and a closing price of $1672.9.
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