Lưu trữ cho từ khóa: Bitcoin

Bitcoin (ký hiệu: BTC, ) là một loại tiền mã hóa, được phát minh bởi một cá nhân hoặc tổ chức vô danh dùng tên Satoshi Nakamoto dưới dạng phần mềm mã nguồn mở từ năm 2009. Có thể được trao đổi trực tiếp bằng thiết bị kết nối Internet mà không cần thông qua một tổ chức tài chính trung gian nào.

Bitcoin ra đời đầu tiên, được sử dụng rộng rãi nhất trong thanh toán điện tử và là vua của thị trường tiền mã hóa trong hàng chục nghìn đồng tiền khác nhau. Các doanh nghiệp có xu hướng muốn thanh toán bằng Bitcoin để giảm thiểu chi phí.

Phân tích

Bitcoin whale selloff stopped as price surpasses $68k

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Bitcoin whale selloff stopped as price surpasses $68k

On-chain data shows a significant decline in the Bitcoin large holder outflows as the flagship cryptocurrency remains above the $68,000 mark.

According to data provided by IntoTheBlock, the Bitcoin (BTC) whale net flow shifted from an outflow of 1,650 BTC on Oct. 17 to a net inflow of 211 BTC on Oct. 19. The momentum shows increased accumulation from large holders.

Bitcoin whale selloff stopped as price surpasses $68k - 1

BTC price and large holder net flows – Oct. 20 | Source: IntoTheBlock

CryptoQuant CEO Ki Young Ju confirmed the intensified accumulation.

Per a crypto.news report, data provided by Young Ju shows that new whale addresses, with at least 1,000 BTC, held over 1.97 million coins yesterday—showing an 813% surge since the start of the year.

One of the key drivers behind Bitcoin’s bullish momentum is the increased investor interest in the U.S.-based spot BTC exchange-traded funds.

According to the report, these investment products saw an inflow of $2.1 billion last week—the total net inflows surpassed the $21 billion mark.

Moreover, data from ITB shows that the Bitcoin exchange net flows remained in the negative zone for the third consecutive day, recording a net outflow of over 2,300 BTC, worth $157 million, on Oct. 19.

Increasing exchange outflows usually hint at a lower selling pressure. However, short-term profit-taking would still be expected since the BTC price is close to its all-time high of $73,750.

Bitcoin has been consolidating between $68,000 and $68,600 over the past 24 hours. Its market cap is sitting at $1.35 trillion with a daily trading volume of $13.8 billion — down by 55%.

A declining trading volume could potentially bring lower price volatility for the leading asset.

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Theo Crypto News

Bitcoin

Crypto VC funding: Praxis takes home $525m, Blockstream follows suit with $210m

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Praxis and Blockstream grabbed headlines this week, each with six-figure fundraising rounds, per the latest data.

Crypto VC funding has seen a noticeable spike over the last seven days compared to last week, when Ithaca led the pack with a $20 million raise. However, this week, as Bitcoin (BTC) reclaimed the $68,000 level, crypto.news analyzed and collected data from data from Oct. 13 to Oct. 19.

Here are the firms that topped the list, according to Crypto Fundraising.

Praxis, $525 million

  • Praxis is the first network state, which is building an online community of people with similar national consciousness.
  • The firm leads the week’s crypto VC funding with $525 million raised.
  • The primary investors in the fundraising include Gem Digital, Arch, Manifold, etc.

Blockstream, $210 million

  • Blockstream is building a crypto-financial infrastructure based on Bitcoin.
  • The company has raised $210 million from lead investor Fulgur Ventures.
  • Blockstream’s crypto VC funding stands at $621 million in total.

Azra Games, $42.7 million

  • Azra Games is a gaming studio that focuses on creating immersive-role playing games.
  • In a Series A led by Pantera, the company raised $42.7 million.

Yellow Card Financial, $33 million

  • Yellow Card Financial is a pan-African crypto exchange.
  • The exchange raised $33 million in a Series C led by Blockchain Capital.
  • Yellow Card Financial has raised a total of $89.5 million so far.

Towns, $25.5 million

  • Towns is a web3 group chat protocol that allows communities to build blockchain-based gatherings.
  • The firm has raised $25.5 million in a Series A by a16z Crypto, Benchmark and Framework.

Bitnomial, $25 million

  • Bitnomial is a crypto exchange based in the U.S. that offers futures and options trading for cryptocurrencies.
  • The exchange raised $25 million from Ripple via a Series C funding round.
  • Bitnomial has raised $36.6 million so far.

ZkPass, $12.5 million

  • The identity verification solution has raised $12.5 million in a Series A round, with a round valuation of $100 million.
  • ZkPass has raised $15 million till date.

Opacity Network, $12 million

  • Opacity Network is a zero-knowledge proof protocol that aids in enabling verification without disclosing any details.
  • The firm has raised $12 million in a seed funding round.

Solv Protocol, $11 million

  • Solv Protocol provides investors with access to crypto investments via a trustless fund infrastructure.
  • The company raised $11 million in a strategic round with a round valuation of $200 million.

Mento Labs, $10 million

  • Mento Labs is a platform that creates and operates multi-currency stable assets.
  • The firm has raised $10 million on Oct. 16.

Crypto VC funding rounds < $10 million

  • Predicate: The decentralized network raised $7 million.
  • ZeroBase: The ZK proof generation platform raised $5 million from investors like Binance Labs, Lightspeed Action, etc.
  • Drop Protocol: Drop Protocol raised $4 million in a seed funding round.
  • Plasma: The zero-fee payment platform raised $3.5 million.
  • Pell Network: Pell Network raised $3 million in a pre-seed round.
  • Blockcast: The content delivery network raised $2.85 million in a seed funding round.
  • The Arena: The Arena raised $2 million in a pre-seed round.
  • Hyve DA: The data availability network raised $1.85 million in a pre-seed round.
  • Surge: Surge raised $1.8 million in a pre-seed round from investors like Gerstenbrot Capital, CoinGecko, etc.
  • Hermetica: The DeFi platform raised $1.7 million in a seed round.
  • Lombard: Lombard raised $1 million from Binance Labs.
  • World of Dypians, CCData, Bracket Labs and Marketnode raised undisclosed amounts this week.

Check out our last week’s column from here.

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Theo Crypto News

Bitcoin

POPCAT rally cools, WYAC and PHIL meme coins pump double digits

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With Bitcoin up above $68,000, meme coins like Woman Yelling At Cat, Settled EthXY Token and Phili Inu spiked double digits.

According to CoinMarketCap, the global crypto market has slowly recovered from last week’s slump. The crypto market cap has jumped to $2.34 trillion from last weekend’s $2.17 trillion.

Bitcoin (BTC) is hovering above $68,000, and Ethereum (ETH) is trading around the $2,600 level. But in the last few hours, the market seems to be cooling down, with signs of a potential reversal.

Despite this uncertainty, these three meme coins are up by double digits.

Woman Yelling At Cat pumps 80%

The latest data from CoinGecko shows an interesting price trajectory for a Taylor Armstrong-inspired meme coin.

Woman Yelling At Cat (WYAC), which gets its name from a meme that spoofs an episode of “The Real Housewives of Beverly Hills,” surged from a 24-hour low of $0.02504 to a high of $0.05288.

The exact reason for the price surge is unclear. And yet, WYAC’s popularity is growing on social media, including X.

See the chart below.

1 month price chart from CoinGecko

However, the surge seems to have cooled down now. The WYAC coin now has a market cap of $45.5 million. Interestingly, the meme coin touched an all-time high on Oct. 17.

This recent surge has earned the meme coin its position as the largest gainer on CoinGecko’s list. On-chain data portal Alphanomics also shared that WYAC is one of the top five biggest price gainers in the last 30 days, with a 6200% surge.

SEXY and PHIL soar

After perusing the list of CoinGecko’s top gainers on Saturday, it’s clear Settled EthXY Token (SEXY) and Phili Inu (PHIL) are up by double digits.

SEXY is up by almost 80% from its 24-hour low of $0.2408. The meme coin has also retraced after pumping as high as $0.5241.

SEXY chart from CoinGecko

SEXY first launched in August 2023 on the Ethereum blockchain.

Third on the gainers list is PHIL with a 54% pump. The meme coin — featured on the 46th edition of the SHIB Magazine — is also up by over 130% in the last 30 days, with its price now hovering around the $0.04 level.

The rise in these not-so-popular meme coins comes as Popcat’s (POPCAT) relaxed price movement. The cat-themed Solana (SOL) meme coin is down by over 3% in the last 24 hours and 15% in the last seven days.

However, POPCAT has shown similar pullbacks following major pumps in the past. But the current trajectory of the meme coin remains unclear.

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Theo Crypto News

Bitcoin

NFT sales surge to $93m, Ethereum network dethrones Bitcoin

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Weekly non-fungible token sales volume has surged 22.5% and now stands at $93 million, per the latest data.

As the crypto market shows slow signs of recovery, the NFT market enjoys an uptick in volume and other metrics. Here’s a small glimpse:

  • NFT sales volume pumped to $93 million from last week’s $77.6 million.
  • The Ethereum (ETH) network has dethroned the Bitcoin (BTC) network in terms of volume.
  • NFT buyers almost doubled from last week’s 263,804 to 494,666.
  • The number of NFT sellers also witnessed a 108% surge and stands at 252,401.

Ethereum vs. Bitcoin

Bitcoin, which has been maintaining its top position, has been dethroned by Ethereum in terms of sales volume in the last seven days.

Source: Blockchains by NFT Sales Volume (CryptoSlam)

Ethereum NFT sales volume has surged from last week’s $26.6 million. The sales have seen an uptick by over 30% and stand at $33.4 million at press time.

Bitcoin has also exhibited a 36% surge, with the weekly sales volume standing at $21.6 million.

However, when it comes to Ethereum, $5.3 million of the volume accounted for wash trading. This is considerably higher compared to Bitcoin’s wash trading of $902,000.

Cryptoslam data shows that Solana (SOL) has stood robust in its third position, just like last week. Solana’s weekly NFT sales volume stood at $16.6 million.

Mythos Chain (MYTH) and Polygon (POL) earned the next two positions in the leaderboard with $5.5 million and $3.9 million in sales, respectively.

Concerning the number of NFT buyers, Solana has maintained its dominance at 192,543. This is a considerable 220% surge from last week’s 60,115.

DMarket maintains its first position for over three weeks

NFT Collection Rankings by Sales Volume (CryptoSlam)

Just like the last two weeks, DMarket maintains its ranking with the highest sales — $5.2 million. However, the sales are down by almost 30% from last week’s $8.02 million.

Uncategorized Ordinals is second on the list with $4.86 million in sales. This NFT collection has seen an 1,800% surge in sales in the last seven days.

According to Cryptoslam, these are the top NFT sales from the last seven days:

  • Ordinal Maxi Biz (OMB) #882b65…a96ei0 sold for $109,079 (1.5942 BTC).
  • Ordinal Maxi Biz (OMB) #32b13f…6c26i0 sold for $91,085.87 (1.3371 BTC).
  • Ordinal Maxi Biz (OMB) #591165…c718i0 sold for $87,895.17 (1.2857 BTC).
  • CryptoPunks #6409 sold for $79,237.16 (29.99 ETH).
  • CryptoPunks #8135 sold for $78,503.09 (29.75 ETH).

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Theo Crypto News

Bitcoin

Germany should buy Bitcoin as a strategic reserve: Samson Mow

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Samson Mow, the CEO of Bitcoin technology firm Jan3, publicly advocated for Germany to adopt Bitcoin as part of its national strategic reserves.

In a recent appearance at the German Bundestag, Mow discussed Bitcoin strategies for nation-states, expressing his belief that Germany should acquire 281,267 Bitcoin (BTC) for their strategic reserve. 

“I hope that Germany is successful in acquiring 281,267 BTC for its future strategic reserves,” Mow posted on X.

The initiative reportedly brought together Members of Parliament and Bitcoin supporters to explore Bitcoin’s potential as a financial tool for the country.

This summer in the United States, speculation was growing about whether Donald Trump will announce the creation of a U.S. Bitcoin strategic reserve at the Bitcoin 2024 conference. 

Samson Mow’s role in Bitcoin advocacy

Samson Mow is a prominent figure in the Bitcoin community, known for his work as CEO of Jan3, a company focused on advancing Bitcoin adoption globally. 

Before his role at Jan3, Mow was an advisor to El Salvador, the first country to adopt Bitcoin as legal tender in 2021. In that capacity, he helped shape the country’s Bitcoin strategy, which included using Bitcoin as a national reserve to stabilize and grow the economy.

Mow advocates for nation-states to adopt Bitcoin as a reserve asset, much like gold. He believes that countries can diversify their financial systems by holding Bitcoin and reducing reliance on traditional currencies.

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Theo Crypto News

Bitcoin

Bitcoin heading to 6-figure price, Bitwise CIO says

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Bitcoin’s bullish thesis for trading above $100,000 has only solidified in recent weeks, Bitwise CIO Matt Hougan asserted in a new X post.

Bitcoin (BTC), crypto’s sole trillion-dollar asset, will inevitably cross six figures per coin due to a combination of institutional, macroeconomic, and on-chain factors, Hougan explained.

Exchange-traded fund expert Eric Balchunas stated that U.S. spot Bitcoin exchange-traded funds surpassed $20 billion in total net flows. The American Bitcoin ETF complex has garnered over $65 billion in assets under management following $1.5 billion in inflows this week.

ETFs tracking legacy assets like gold took years to achieve these numbers, according to Balchunas. Bitcoin products reached this milestone within a year, signaling strong demand from retail and institutional investors.

Hougan, along with QCP Capital and other experts, pointed to the upcoming U.S. presidential elections as another catalyst for Bitcoin’s price acceleration. Pro-Bitcoin candidate Donald Trump has led several on-chain betting polls on platforms like Kalshi and Polymarket.

There’s also a growing outlook supporting a strong Bitcoin price performance regardless of which party controls the White House.

Hougan mentioned Bitcoin whale accumulation as another bullish indicator. Data from CryptoQuant confirmed that large Bitcoin holders have been buying the asset at unprecedented rates. CryptoQuant founder Ki Young Ju said that Bitcoin’s open interest hit an all-time high of $20 billion, with new whale wallets now controlling 9.3% of the total supply.

The consensus among crypto proponents expects liquidity to flow into risk assets soon, citing seasonal data, new stock price highs, and global rate cuts by central banks like the Federal Reserve. Historically, Bitcoin has gained in the fourth quarter more often than not, and experts suggest a low-funding rate environment could further support this trend.

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Theo Crypto News

Bitcoin

Gold hits new all-time-high at $2,700 amidst bullish Bitcoin

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Gold has gone up more than 2% in the past week, reaching a new all-time high fueled by global demand for safe-haven assets and anticipated interest rate cuts from major central banks, while Bitcoin continues to climb above $67,000.

According to Trading Economics data, the price of gold has hiked up to $2,700 per ounce on Oct. 18, reaching a new record high. In the past week, gold has gone up by 2.08% and nearly 5% in the past month.

This rise in gold is driven by growing demand for safe-haven assets and expected interest rate cuts by major central banks. The European Central Bank has cut rates for the third time this year, lowering the deposit rate to 3.25%.

Gold is also influenced by the ongoing war in the Middle East, following the Israeli military’s confirmation on Oct. 17 that they killed Hamas leader Yahya Sinwar, raising fears of a regional escalation.

Meanwhile, Bitcoin(BTC) has experienced a similar high-rise, with the BTC price on a positive trend since Oct. 10. According to data from crypto.news, Bitcoin experienced an 11% surge over the past week and briefly touched a two-month high of $68,375 on Oct. 16.

Co-founder of crypto asset manager Capriole Investments, Charles Edwards, commented on the similarity between Gold and Bitcoin’s upward trend.

“As a rough rule of thumb, macro Bitcoin trends are often lagged behind gold by a few months. Looks promising,” said Edwards on his X post.

In recent years, investors have drawn similarities between Gold and Bitcoin’s price movements in the markets. This comparison is mainly due to the fact that both assets are finite in supply and are not tied to any country’s currency, therefore they provide investors with a “safe-haven” that protects them from the volatility of national currencies.

Thus, Bitcoin itself has repeatedly been dubbed “digital gold”, but now a real-world assets platform Swarm Market has made it possible to mint and trade physical gold on the Bitcoin blockchain via the Ordinals protocol.

On Oct. 17, Swarm Market announced a partnership with OrdinalsBot where individual satoshis can be inscribed with unique gold kilobar serial numbers, which would allow for gold bars to be traded on Bitcoin’s Ordinals protocol.

Through this partnership, Gold will be the first RWA available on Trio, a marketplace developed by OrdinalsBot which is set to launch by the end of the year.

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Theo Crypto News

Bitcoin

Spot Bitcoin ETFs record over $2.1b inflows in five-day streak, breaking $20b mark

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Spot Bitcoin exchange-traded funds recorded their fifth consecutive day of inflows on Oct. 17 led by BlackRock’s IBIT for the third straight session.

The combined inflows of the 12 spot Bitcoin ETFs reached an impressive $470.48 million on the day, marking a cumulative total of over $2.1 billion in inflows over the last five trading days.

According to data from SoSoValue, BlackRock’s IBIT ETF led the inflow surge, attracting $309 million on Oct. 17. This performance marked IBIT’s leadership for the third consecutive day.

While BlackRock’s IBIT ETF led the pack, other major players also contributed to the ongoing inflow streak. ARK Invest and 21Shares’ ARKB ETF saw $100.2 million in inflows, while Grayscale’s GBTC ETF attracted $45.7 million.

Additional support came from Fidelity’s FBTC, which recorded $11.96 million in inflows, and Franklin Templeton’s EZBC, with $3.88 million. However, seven other spot Bitcoin ETFs remained neutral with no inflows recorded on Oct. 17.

With these continued inflows, the total net inflows into the spot Bitcoin ETFs crossed the $20 billion mark, standing at $20.66 billion as of Oct. 17.

In an Oct. 17 X post, Bloomberg ETF analyst Eric Balchunas emphasized the importance of this achievement, noting that crossing the $20 billion threshold is one of the most challenging and critical metrics in the ETF world. He compared this milestone to gold ETFs, which took around five years to reach the same level.

ETF Store president Nate Geraci echoed these sentiments, describing the current inflow trend as a “vacuuming up” of capital.

Spot Bitcoin ETFs surpassing $20 billion in cumulative inflows coincides with Bitcoin’s price rising above the key $65,000 level, a milestone that investors have been eagerly awaiting since the price fell below it on Sept. 30.

At press time, Bitcoin (BTC) was trading at $67,839, having experienced a 0.7% increase over the past 24 hours. Its intraday price ranged between $66,738 and $68,159, continuing the bullish momentum in the market.

Spot Ethereum ETFs see modest gains

Meanwhile, Ethereum-focused ETFs have also witnessed positive inflows. On Oct. 17, the nine available spot Ethereum ETFs recorded a combined $48.41 million in inflows, building on the previous day’s $24.22 million.

Fidelity’s FETH and BlackRock’s ETHA ETFs led the charge, attracting $31.12 million and $23.56 million, respectively.

Other contributors included Grayscale’s Ethereum Mini Trust, 21Shares’ CETH, Biwise’s ETHW, and Invesco’s QETH, with inflows of $5.13 million, $2.33 million, $1.49 million, and $518.64K, respectively.

Despite these recent gains, spot Ethereum ETFs have experienced a cumulative total net outflow of $481.9 million to date, reflecting the more volatile nature of the asset in the current market environment. At the time of writing, Ethereum (ETH) was trading at $2,619.

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Theo Crypto News

Bitcoin

Solv Protocol launches staking token to bring Bitcoin yields to Solana

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Solv Protocol has introduced ‘SolvBTC.JUP’, a new Liquid Staking Token that lets Bitcoin investors earn returns through Solana’s decentralized finance ecosystem.

Even though it is only in its pilot phase, SolvBTC.JUP offers Bitcoin holders a way to generate returns, paid in Bitcoin (BTC), by participating in Solana’s (SOL) Jupiter Exchange, according to a press release shared with crypto.news.

The process works by depositing Bitcoin into Solv Protocol. In exchange, users receive SolvBTC.JUP, which represents their staked Bitcoin. 

This token accrues yield over time based on Solv’s involvement in the Jupiter Liquidity Provider Pool. The Jupiter Exchange, a platform for decentralized perpetual trading, allows liquidity providers to earn fees based on trading activity. 

Solv’s strategy minimizes risks by hedging exposure to market movements while maintaining the Bitcoin stake.

What this means 

For Bitcoin holders unfamiliar with DeFi, staking means temporarily locking up tokens to support a network or participate in a trading pool. In return, the staked tokens earn rewards, often in the form of the same token. 

SolvBTC.JUP allows Bitcoin owners to participate in this system on the Solana network without giving up their Bitcoin exposure. With an expected return of 12%, per the press release, SolvBTC.JUP builds on Solv’s previous success in offering Bitcoin staking on other platforms.

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Theo Crypto News