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Daily #Web3 Market

6 May 2024

 

Bitcoin is the only way out of feudalism

Kadan Stadelmann argues in a guest post that Bitcoin provides a vital alternative to modern-day economic consolidations and might help American families secure financial independence amidst growing wealth disparities. Read more


Mining through the Bitcoin halving: Survival strategies for 2024

This comprehensive guide outlines strategies Bitcoin miners can employ to navigate the reduced block rewards following the upcoming Bitcoin halving in 2024. Read more


How Asia’s next crypto investment wave will be ignited from Bitcoin ETFs

With the U.S. approval of Bitcoin ETFs, significant ripple effects are expected across Asian markets, potentially unlocking new levels of institutional investment in the region. Read more


Bitwise reveals spot Bitcoin ETFs outperformed pre-release predictions by a significant margin

Summary: Bitwise's latest report shows that spot Bitcoin ETFs have greatly exceeded initial expectations, accumulating substantial assets under management within a short period. Read more


Bitcoin’s crash to $64k causes meltdown for alts

A sudden drop in Bitcoin's price to $64,000 triggered a sharp decline in the value of various altcoins, reflecting the volatile nature of cryptocurrency markets. Read more


 Gold-Backed PAXG Token Spikes to $2.9K Amid Geopolitical Tensions

The value of the gold-backed PAXG token has surged to $2,900 due to ongoing geopolitical tensions, showcasing Bitcoin's lesser appeal as a geopolitical hedge during this period. Read more


Bitcoin Falls 8%, Drops Below $62K Before Rebound

Over the weekend, Bitcoin and the broader cryptocurrency market experienced a significant drop of nearly 10%, briefly pushing Bitcoin below $62,000 before it rebounded. Read more


Why Bitcoin Halving Calculators Are Out of Sync

The Bitcoin halving, expected around April 19, is proving difficult to predict down to the minute, highlighting the complexities of this programmed event. Read more

 

Avail, Blockchain Data Availability Project, Sketches Out Eligibility for Token Airdrop

Avail has detailed eligibility for an upcoming token airdrop, which was leaked on social media platform X, leading to speculation and anticipation among potential recipients. Read more


Dogecoin Climbs 5.4%, Tops CoinDesk 20 This Week: CoinDesk Indices Market Update

Dogecoin saw a significant increase of 5.4%, leading the gains in this week's CoinDesk 20, reflecting its growing popularity among investors. Read more

 

Only 6 altcoins in the top 50 have outperformed Bitcoin this year

Despite Bitcoin's impressive 54% increase in 2024, only six top 50 altcoins have outperformed Bitcoin, highlighting the dominant cryptocurrency's strong performance. Read more


John Deaton’s crypto backers help outraise Warren in Senate race

John Deaton's Senate campaign, backed by prominent crypto executives, has managed to outraise Elizabeth Warren, showing significant support from the crypto community. Read more

  

TradFi firms now prefer public blockchains: Ex-Grayscale exec

Former Grayscale executive predicts that traditional finance companies will increasingly utilize public blockchains for tokenization, following BlackRock's example. Read more

 

Bitcoin price bounce gives BNB, TON, VET and BGB a boost — Will it last?

The recent Bitcoin price recovery has positively impacted altcoins like BNB, TON, VET, and BGB, but market watchers are cautious about the sustainability of this trend. Read more


 

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