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Bitcoin has failed twice this week to scale the $31,000 mark, with open interest in stablecoin-margined futures rising on both occasions.
ALSO: Former CFTC Chair Timothy Massad told CoinDesk TV that regulatory agencies “don’t have to resolve” the stubbornly troublesome issue whether cryptos are commodities or securities.
Wednesday's CPI report showed sizable decelerations in both overall and core U.S. inflation, which one might've thought would drive BTC's price higher.
Tokens such as AGIX and FET saw modest bump after Musk announced new Artificial Intelligence (AI) company "xAI" to take on ChatGPT.
The latest price moves in crypto markets in context for July 12, 2023.
The bank lifted its MicroStrategy price target to $510, representing 24% potential upside, the report said.
The dollar value of the unlock amounted to 38% of the cryptocurrency's average 30-day trading volume and had potential to push prices lower, per one analyst.
Crypto traders anticipates a big move in bitcoin as Bollinger bands have tightened to the lowest level since early January.
ARK currently owns 11.03 million shares of Coinbase.
PLUS: Chinese Yuan-backed stablecoins are an impossibility.
- 08:21The Aptos ecological lending agreement Echelon will launch governance tokens in a few monthsOn November 28, the Aptos ecological lending protocol Echelon released a statement outlining the project's future roadmap. Echelon stated that it will advance the following tasks in the coming months: 1. Promote TVL growth to over $300 million; 2. Double the number of collateral assets supported by the protocol; 3. Launch Movement and Inita mainnets; 4. Expand RWA, LST and BTC use cases within the protocol; 5. Release governance tokens for the protocol.
- 08:20Clanker has completed its first contract upgrade, and will open user revenue sharing claims on December 4thOn November 28, Base Ecological AI agent Clanker announced via Twitter that it has completed its first contract upgrade and will carry out the second upgrade on November 9. At the same time, user revenue sharing claims will begin on December 4. The official statement said that when Clanker deploys tokens, a Uniswap V3 pool with a 1% fee will be launched on Base. Each time a token is traded, this pool will collect and distribute 1% of each exchange as rewards; where 60% of the exchange fees are allocated to the protocol party (Clanker), and 40% are distributed to requesters (users requesting Clanker to deploy tokens). For tokens deployed before November 14,2024,the distribution ratio is set at75%and25%.
- 08:09The AI company Databricks has raised 5 billion dollars in its latest round of financing, reaching a post-investment valuation of 55 billion dollarsOn November 28, according to Bitcoin.com, San Francisco-based data analytics and artificial intelligence (AI) company Databricks raised $5 billion in its latest funding round, bringing the company's valuation to $55 billion. Sources say that Databricks plans to raise a total of $8 billion, potentially making it the largest fundraising round this year. The report suggests that the purpose of Databrick's latest funding round is to allow employees to sell shares, thereby reducing the need for an immediate initial public offering (IPO). However, while an IPO may not be imminent, it could still occur in the second half of 2025. While the report did not disclose who participated in this latest funding round, it revealed well-known supporters of the company including Nvidia, Capital One, Andreessen Horowitz(a16z), Baillie Gifford,Fidelity , Insight Partners and Tiger Global. In September 2023,Databricks raised $500 million with a valuation of $43 billion. Openai currently holds the record for largest financing round in 2024 having raised $6.6 billion in October. Billionaire Musk's xai also received a financing amounting to $5 billion which brought its valuation up to$50billion.Another AI startup Anthropic has secured$400million from Amazon taking their total funds raised up till now at$8billion.
