According to CryptoQuant’s Axel Adler Jr (yes, that’s his real name, and no, he’s not related to the famous violinist), the Bitcoin Puell Multiple has taken a nosedive. For those not fluent in crypto-speak, the “Puell Multiple” is basically the fancy way of saying, “How much are miners making compared to last year?” Spoiler: Not much.
DOGE recently dropped below key moving averages, which signal short- and medium-term trends. Even more notably, the price fell below a long-standing support line that had been guiding its movement since February. This often suggests that buyers are losing strength and the overall market is weakening.
BlackRock’s iShares Bitcoin Premium Income ETF has officially been registered with the SEC to be listed on the Nasdaq Stock Market, according to a filing made on June 11th. This registration, covered under Section 12(b) of the Securities Exchange Act, comes after several recent updates to the fund’s details.
This marvel operates upon Morpho’s infrastructure, with Steakhouse Financial meticulously curating the vault’s treasures. Lo, a second lending option hath arrived, offering exposure to a menagerie of collateral assets, each more peculiar than the last!
I was recently on Fox Business’ Mornings with Maria, and I discussed how digital assets are rapidly gaining importance in the financial world. I emphasized that the US really has a critical decision to make: we can actively guide the development of this industry, or risk seeing that innovation happen in other countries.
half the users will click through the terms of service without reading them, same as they do for every other app update.
According to the official release, the campaign, unveiled Thursday, targets provisions in the legislation that govern how stablecoin issuers can offer rewards to users. Community banks argue that allowing crypto firms to provide yield-like incentives could divert deposits from traditional banks, potentially affecting local lending activity.
The crypto market moved higher on June 11, but the rebound still lacked confirmation.
On the grand, sweeping canvas of the daily timeframe, BTC has latched onto the $60K psychological support range like a drowning man clings to a rotten log. That infamous blue demand zone, the last redoubt of the bulls, has held firm so far-buyers have fought off wave after wave of selling pressure, like the brave souls who once tried to save the Romanovs from their fate. But let us not pretend this is a victory: the recovery is as weak as a watered-down vodka cocktail, with nary a hint of convincing bullish follow-through to speak of.
