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Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.

TON Foundation to bolster Bitcoin utility with TON Teleport BTC
TON Foundation to bolster Bitcoin utility with TON Teleport BTC

Quick Take TON Teleport BTC will improve the use cases of Bitcoin in the TON ecosystem for decentralized exchanges, lending protocols and other DeFi utility.

The Block·2024/07/17 16:19
German government's bitcoin selloff nets $2.9 billion as film piracy case marches on
German government's bitcoin selloff nets $2.9 billion as film piracy case marches on

Quick Take German authorities announced it received $2.88 billion from selling nearly 50,000 BTC. The sale was part of the plan to offload bitcoins seized from the now-defunct film piracy website Movie2K.

The Block·2024/07/17 16:10
Flash
  • 06:12
    Analyst: The ratio of Bitcoin to VIX has reached the long-term trend line, which may indicate that Bitcoin has bottomed out
    PANews, April 13 - Senior analyst James Van Straten stated that the SP volatility index has surged to its highest level since August of last year, indicating increased market uncertainty. The ratio of Bitcoin to VIX has reached a long-term trend line at 1903; the last time it touched this trend line was around the market volatility before and after the unwinding of yen carry trades. At that time, Bitcoin's price had fallen to about $49,000. In fact, this is the fourth time this ratio has hit the trend line and bottomed out. Previously, this ratio first touched the trend line during the peak of the pandemic in March 2020 and again in August 2015; both times prices rose after hitting bottom.
  • 06:10
    Data: Uniswap's front-end trading fees have reached 180 million dollars
    According to ChainCatcher, data from DefiLlama shows that as of April 13, Uniswap's front-end trading fees (revenue) reached $182.88 million.
  • 06:09
    CryptoQuant: The bullish momentum for Bitcoin remains sluggish, with the current key resistance range between $84,000 and $96,000
    According to ChainCatcher's message and the CryptoQuant Insights report, Bitcoin rebounded after Trump announced a 90-day tariff suspension, while ETH and XRP also saw their declines narrow. Despite the rebound in Bitcoin's price, CryptoQuant's bull market score index dropped to 10, marking its lowest level since November 2022; this index must break through 40 to indicate sustained bullish momentum. CryptoQuant analysts pointed out that Bitcoin's current key resistance levels are between $84,000 and $96,000. If bullish momentum weakens, Bitcoin’s gains may be limited within this price range, similar to past bear market cycles. Therefore, the market still needs to remain vigilant as the trend of the bull market index depends on whether investor confidence can be reignited.
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