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Michigan pension fund makes a significant investment in Ethereum ETFs- Will we see green? Michigan pension fund makes a significant investment in Ethereum ETFs. Ethereum (ETH) struggles under bearish market conditions. Michigan’s investment highlights growing institutional interest in digital assets. Ethereum ETFs face substantial net outflows, contrasting with Bitcoin ETFs. ETH price performance remains weak, with technical indicators signaling a bearish trend. Michigan’s Bold Move into Ethereum In a pioneering step, Michigan has become the first U.S. state pension fund to invest in an Ethereum ETF, marking a significant milestone in the adoption of digital assets by institutional investors. This move underscores a growing trend among traditional financial entities to diversify their portfolios with […] https://lnkd.in/g7DZ2JSr

Bitcoin miners face escalating operational costs and technical challenges- What’s the solution? Bitcoin miners face escalating operational costs and technical challenges. Rising expenses, now averaging over $49,500 per Bitcoin, strain profitability. Miners are turning to AI technology to enhance efficiency and manage costs. Volatility in Bitcoin prices presents both opportunities and risks for miners. Embracing renewable energy could significantly reduce Bitcoin’s carbon footprint. The Financial Squeeze on Bitcoin Miners In the ever-evolving landscape of Bitcoin mining, operators are increasingly feeling the pinch of rising costs and operational complexities. The financial burden on miners has intensified, with the average cost of mining a single Bitcoin now surpassing $49,500. This surge in expenses is […] https://lnkd.in/gWNwBKab

Bitcoin miners face escalating operational costs and technical challenges- What’s the solution? Bitcoin miners face escalating operational costs and technical challenges. Rising expenses, now averaging over $49,500 per Bitcoin, strain profitability. Miners are turning to AI technology to enhance efficiency and manage costs. Volatility in Bitcoin prices presents both opportunities and risks for miners. Embracing renewable energy could significantly reduce Bitcoin’s carbon footprint. The Financial Squeeze on Bitcoin Miners In the ever-evolving landscape of Bitcoin mining, operators are increasingly feeling the pinch of rising costs and operational complexities. The financial burden on miners has intensified, with the average cost of mining a single Bitcoin now surpassing $49,500. This surge in expenses is […] https://lnkd.in/gWNwBKab

ETH could potentially rise by 15% to reach $2,855 if it closes above $2,465 Ethereum (ETH) transaction volume has surged by 58.63%, signaling a bullish trend. ETH could potentially rise by 15% to reach $2,855 if it closes above $2,465. The cryptocurrency market faces challenges, including geopolitical tensions and the U.S. presidential election. ETH’s technical analysis shows it is at a crucial support level within a bullish channel. On-chain metrics reveal strong participation from whales and investors. Traders’ sentiment remains bullish, with a Long/Short ratio of 1.055. Market Dynamics and Ethereum’s Position The cryptocurrency market has been navigating through turbulent waters, with Ethereum (ETH) at the forefront of this struggle. Despite the broader market’s […] https://lnkd.in/gNtPNrgn

Cardano’s Charles Hoskinson: Time to remove him for a new leader? Cardano (ADA) is facing skepticism due to its struggle to recover post-2022 bear market. Charles Hoskinson’s endorsement of a memecoin has sparked controversy and accountability concerns. ADA’s price trajectory has been lackluster compared to other major cryptocurrencies. Community backlash against Hoskinson has raised questions about leadership and influence. Cardano’s Struggles and Market Position Cardano, once hailed as a promising blockchain platform, is currently grappling with skepticism from the crypto community. The aftermath of the 2022 bear market has left ADA, Cardano’s native token, struggling to regain its former glory. While other major cryptocurrencies like Bitcoin, Ethereum, and Solana have rebounded […] https://lnkd.in/gkeTA9zb

SHIB’s Golden Cross: Market sentiment shows a mix of caution and optimism Shiba Inu’s potential golden cross remains uncertain in the short term. U.S. election jitters have impacted SHIB’s bullish momentum. Binance’s top traders and large funds maintain a bullish stance on SHIB. Market sentiment shows a mix of caution and optimism. The Elusive Golden Cross Shiba Inu (SHIB) enthusiasts have been eagerly anticipating a golden cross, a technical indicator that often signals a bullish trend. This occurs when the 50-day simple moving average (SMA) crosses above a longer-term moving average, such as the 100 or 200-day SMA. Towards the end of October, the charts hinted at this possibility, sparking excitement among […] https://lnkd.in/gms4PtWe

The Controversy Over Exchange Listing Fees: Binance & Coinbase come under scrutiny Simon Dedic, CEO of Moonrock Capital, accused Binance of demanding high listing fees. Binance allegedly requested 15% of a project’s total token supply, equating to $50–$100 million. Binance co-founder Yi He refuted these claims, emphasizing a strict screening process. Coinbase has faced similar accusations, with claims of high fees for listing. Centralized exchanges (CEXs) dominate trading volumes, but decentralized exchanges (DEXs) are gaining attention. The debate over transparency and fairness in exchange listings continues to grow. The Controversy Over Exchange Listing Fees In a recent revelation, Simon Dedic, CEO of Moonrock Capital, has sparked a heated debate over the costs […] https://lnkd.in/giWERAe4

Victory Securities: First broker in Hong Kong to receive a license from the Securities and Futures Commission (SFC) to offer virtual asset structured products Victory Securities is the first broker licensed by the Securities and Futures Commission (SFC) in Hong Kong to offer virtual asset structured products. The company plans to launch these offerings by the end of the year. These products will be cash-settled and available to investors in Hong Kong. Victory Securities will also provide products that allow investors to earn yields on stablecoins. Structured crypto products are customizable investments linked to digital assets, offering portfolio diversification. The SFC has expedited licensing for Virtual Asset Trading Platform (VATP) applicants. HKEX plans to introduce benchmark indices for Bitcoin and Ethereum. Introduction to Virtual […] https://lnkd.in/ghpcuYrv

With this volatility- Shiba Inu (SHIB) or Dogecoin (DOGE)? Shiba Inu (SHIB) is poised for a potential breakout as moving averages converge. Dogecoin (DOGE) recently experienced a 15% correction, which may be beneficial for its long-term trajectory. Dogecoin’s price has surged over 30% in the past month, driven by strong community support and cultural influence. The upcoming US elections and FOMC meeting could significantly impact market volatility. Dogecoin’s inflationary nature contrasts with Bitcoin’s deflationary characteristics, affecting their investment appeal. Shiba Inu’s Technical Setup and Market Potential Shiba Inu (SHIB) has been on a recovery path following a notable uptick in September, capturing the attention of traders as its moving […] https://lnkd.in/gDtezeUr

Upcoming US elections and FOMC meeting could heighten market volatility: Up? Down? Key Points Over $238 million was liquidated from the crypto market in 24 hours due to price drops. Upcoming US elections and FOMC meeting could heighten market volatility. Bitcoin and Ethereum experienced significant price declines. Liquidations affected over 104,000 traders, with the largest on OKX at $9.9 million. US election polls and FOMC meeting outcomes are pivotal for market direction. Market sentiment remains bullish despite recent volatility. Market Turbulence and Liquidations The cryptocurrency market recently experienced a significant shake-up, with over $238 million liquidated in just 24 hours. This massive liquidation wave was triggered by a sharp decline in crypto […] https://lnkd.in/gW_8srUb