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JPMorgan has revised its bitcoin production cost estimate to $45,000 for now, noting ongoing hashrate shifts post-halving.Its previous estimate was $42,000, which still remains for the medium term, JPMorgan’s Nikolaos Panigirtzoglou told The Block.
The exploiter seems to be using flash loans to get enough SOL to buy out Pump.fun memecoin bonding curves.
Bloomberg ETF analyst Eric Balchunas said BlackRock having more than 400 holders report they own its spot bitcoin ETF is a “mind boggling” result.With $844 million worth of BlackRock’s ETF, Millennium Management led the way in terms of total shares owned, followed by Schonfeld Strategic Advisors and Aristeia Capital.
Bitcoin derivatives traders are still ready to pay a premium for short-term downside protection, analysts say.However, a longer-term outlook shows a more optimistic options distribution, skewed towards calls, the analysts added.
- 19:09U.S. Stocks Open Lower, Nasdaq Turns Higher FirstGolden Finance reported that U.S. stocks opened lower and higher, the Nasdaq took the lead in turning higher, the S&P 500 narrowed its decline to 0.24%, and the Dow narrowed its decline to 0.45%. Earlier, the three major indexes were once down more than 1 per cent.
- 19:07BNX breaks above 1 USDT, up 36.37% in 24HBNX broke through 1 USDT and is now at 1.001 USDT, up 36.37% in 24H, ticker data shows.
- 17:06Fed Chair Powell: Keep rates at current levels, wait for evidence of further reductions in inflationFederal Reserve Chairman Jerome Powell said, we will maintain interest rates at current levels, waiting for evidence of further reductions in inflation. Long-term interest rates have risen, but this is not related to inflation, and the Fed will do all it can to ensure that stricter regulatory measures are gradually extended from large banks to small banks. If the Consumer Financial Protection Bureau (CFPB) is disbanded, there will be no federal regulator to examine large banks for consumer protection.