Bitcoin mining difficulty hits ATH ahead of halving
Bitcoin mining difficulty surpassed 86 trillion in the last adjustment before the halving, reaching an all-time high.
News
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Why is Bitcoin falling?
Bitcoin fell below $68,000 on Friday. The biggest cryptocurrency, which saw $65,086 in the evening hours, took its share of the market turbulence.
SEC targets Uniswap Labs: UNI token drops sharply
It has been learned that the US SEC is preparing to sue Uniswap. The development created a sharp decline in Uniswap’s UNI token.
SEC moves to sue Uniswap Labs
The US Securities and Exchange Commission (SEC) is on its way to sue another crypto company. This time, the SEC is targeting the decentralised exchange Uniswap.
US inflation rises more than expected: “Kiss a June interest rate cut goodbye”
The higher-than-expected US inflation data led to a decrease in the probability of Fed’s interest rate cut in June.
Asia’s first Microstrategy, MetaPlanet adding BTC to its treasury
Metaplanet, a publicly traded investment company in Japan that focuses on Web3 and the metaverse, announced that it has received 1 billion yen ($6.5 million) in Bitcoin. After the development, the company’s value on the Japanese stock exchange increased by 90%.
Andre Cronje mulls idea for safer meme coins
Andre Cronje, known for his work on DeFi and even called the “DeFi God”, also expressed his opinion on issuing meme coins. Cronje, who offered various suggestions to reduce many risks in meme coins, stated that tokens or tokens can also be issued with the support of the Fantom Foundation.
SAGA increases by 20,000%
After being announced as a Launchpool project, the general listing of SAGA, in which Binance users showed record interest by locking $13.4 billion in BNB and FDUSD, started today. The layer-1 blockchain project was almost flooded in a similar way to the interest it saw before the listing. SAGA increased by more than 19,600% and rose above $7.89.
Mike Novogratz believes Fed rate cut will benefit BTC
While the debate on when the Fed will start cutting interest rates continues, Mike Novogratz stated that contrary to popular belief, the institution does not need to take such a step. “They will., and it’s a great set up for BTC, gold, silver, copper.” Novogratz said.
30% of Deutsche Bank clients believe that Bitcoin will drop below $20,000
Interesting results emerged in the latest survey by German investment bank Deutsche Bank on Bitcoin and cryptocurrencies. One-third of the people in the survey conducted in the USA said that they think Bitcoin will drop below $20,000 by the end of 2024. However, it seems that old thoughts are slowly starting to disappear. 52% believe that cryptocurrencies will be important investment assets in the future.