neustadtbuddy
@neustadtbuddy
Marathon Digital (MARA), one of the largest bitcoin (BTC) miners, bought $100 million worth of BTC in the open market and said it will readopt its strategy to hold all mined bitcoin on its balance sheet.The miner said in a statement on Thursday that it now holds over 20,000 bitcoin, worth nearly $1.3 billion based on current prices,on its balance sheet and plans to buy more in the open market."Bitcoin’s recent price decline, coupled with the strength of our balance sheet, afforded us an opportunity to add to our holdings. We look forward to continuing to leverage our technological expertise to support Bitcoin and distributed digital asset ecosystems,” said Marathon's CFO Salman Khan.The decision to HODL or holding onto bitcoin comes almost year after Marathon started to sell its mined digital assets to pay for the company's operating expenses.Prior to the crypto winter, most miners adopted the strategy to hold on to all the mined bitcoin in their balance sheet, which paid off during the bull market rally. 0 reply
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According to the author of the bestselling book "Rich Dad, Poor Dad", the vast majority of technical indicators indicate that the prices of real estate, gold, silver, stocks, bonds and bitcoin will fall.
According to him, this will inevitably be followed by a long bull market cycle, until the end of 2025, and prices will continue to rise, and the bitcoin rate will rise to $10 million without any difficulty.
The investor is also convinced that the price of gold will be $15,000 per ounce, silver - $110 per ounce, and trading them will bring investors significant profits, if, of course, they spend money on them, and not on useless assets.
Recall that Robert Kiyosaki regularly writes posts on social networks about how bitcoin, silver and gold will surpass all other assets in popularity and value. This is the central theme of his posts. 0 reply
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On Thursday, Bitcoin (BTC) briefly exceeded $62,000, but fell below this mark due to the lack of sufficient support.
Moreover, the pressure increased so much that the cryptocurrency fell to $61,277 during trading in the Asia-Pacific region on Friday.
Over the week, BTC capitalization decreased by 4.56% to $1.209 trillion.
The daily trading volume decreased to $22 billion on June 27 due to weak investor activity.
Risks of a rollback below $61,000 remain, but support in the $60,000 region should work, according to analysts at the QCP Capital fund.
Their report says that the bulls do not want to provoke negative turbulence in the market. They are satisfied with the low trading range, so BTC's positions remain strong, despite the US government's plans to sell 3,940 BTC through the Coinbase exchange.
For the first time in seven days, spot crypto Bitcoin ETFs were able to raise $52.4 million, while capital has largely been exiting the market since the end of last week. 0 reply
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Fed officials said in statements this spring that job market weakness might hasten rate cuts but continued strong conditions would not automatically sound alarms, given that inflation has dropped from a peak of 9% in 2022 to near 3% this year. The Fed is targeting 2% and is focused more on inflation data than jobs at this stage. The Fed "will of course take these figures into account," but the latest job data is "unlikely to shake policymakers off the course already charted," said Sophie Lund-Yates, lead equity analyst at Hargreaves Lansdown.
Elsewhere in the industry, payments companies, including PayPal and Mastercard, are leading efforts to generate more demand to expand crypto beyond the most knowledgeable, tech-savvy users and early adopters. One of the major issues with consumer adoption of crypto and digital assets has been the user experience, according to James Wester, research director for digital assets and crypto at Javelin Strategy & Research. 0 reply
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Ethereum spot ETFs will see less demand than similar Bitcoin products due to the lack of staking, CoinDesk reports, citing a report from Bernstein.
According to analysts, ETH ETFs will attract funds from the same stakeholders during the launch of trading, but on a limited scale.
“ETH will not see such high conversion in ETFs due to the lack of staking functionality,” the experts added.
However, Bernstein noted that the underlying trades will likely find buyers, which will contribute to healthy liquidity in the ETF market. Such a trading strategy involves simultaneously buying a spot fund and selling a futures contract, and then waiting for the prices in the positions to converge.
On May 23, the SEC approved 19b-4 filings from issuers of spot Ethereum ETFs. Trading will begin after the agency signs its S-1 registration statements. BlackRock, VanEck, Franklin Templeton, Grayscale Investments, Invesco Galaxy and 21Shares filed updated documents in June. 0 reply
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Runes were used by most Germanic peoples, but were gradually replaced by the Latin alphabet. Runes had the shortest lifespan in Germany; the ancestors of the English, the Anglo-Saxons, continued to write in runes until the 10th century, and the Scandinavians until the late Middle Ages. In the remote Swedish province of Dalarna, runes survived into the 20th century: hundreds of runic inscriptions have been preserved there on buildings, furniture, tools, and utensils from the last four centuries. Many of these are owner's signatures, but there are also longer texts, such as an inscription on a wooden table made in the famine year of 1730 that reads: "There is room for much food on this table. He who has so much would be happy." 0 reply
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Runes are the elongated and angular letters of the ancient Germans, the ancestors of the modern English, Dutch, Germans, Danes, Norwegians and Swedes. The oldest known monuments of runic writing date back to the middle of the 2nd century AD. A study of the rune's outline shows that they originate from the Latin alphabet: the signs ᚠ, ᚢ, ᚱ, ᚲ, ᚺ, ᛁ, ᛏ, ᛒ, ᛚ almost completely repeat the outlines of the corresponding Latin letters - F, U, R, C, H, I, T, B, L. The runes ᚨ, ᛊ, ᛗ, ᛞ and ᛟ, in which the letters A, S, M, D and O can be discerned, have moved somewhat further from their prototypes. 0 reply
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