💰 Bitcoin’s Volatility Declines as It Grows, Echoing Historical Asset Trends: Fidelity Digital Assets

According to the study conducted by Zack Wainwright at Fidelity Digital Assets, bitcoin (BTC) is exhibiting signs of decreased volatility as it evolves. Historically known for its sharp price fluctuations, BTC’s volatility levels have notably declined in recent years. Wainwright’s analysis points out that bitcoin’s volatility was lower than that of 33 S&P 500 stocks as of early 2024, challenging the traditional view of bitcoin as an exceedingly unstable asset.

Source

https://www.tg-me.com/CryptoCalendarNews/com.Bitcoin_Crypto_Coin_Calendar

💰 Bitcoin Miner Riot Platforms Records Modest Revenue Gain Despite 36% Decrease in Mined BTC

Riot Platforms Inc., an integrated bitcoin mining company, reported revenues exceeding $79.3 million in the first quarter of 2024. The revenue increase was slight, rising from $73.2 million to $79.3 million. Remarkably, this was achieved even as Riot Platforms experienced a 36% decrease in the number of bitcoins mined, down to 1,364.

Source

https://www.tg-me.com/CryptoCalendarNews/com.Bitcoin_Crypto_Coin_Calendar

💰 Arthur Hayes predicts Bitcoin is poised for a steady rise in value

Former BitMEX CEO Arthur Hayes expressed optimism regarding Bitcoin’s future trajectory, suggesting that the recent downturn marks a local bottom, with the flagship crypto poised for a gradual ascent over the coming months. Hayes shared his insights in a blog post on May 3, attributing the recent market slump to a variety of factors, including the US tax season, concerns over Federal Reserve policies, the “sell the news” effect following the Bitcoin halving, and a slowdown in spot Bitcoin ETF inflows.

Source

https://www.tg-me.com/CryptoCalendarNews/com.Bitcoin_Crypto_Coin_Calendar

🏦 Coinbase faces new lawsuit over alleged investor deception

Coinbase crypto exchange and its CEO, Brian Armstrong, face a new class-action lawsuit alleging investors were deceived into buying securities and claims the company’s business model is illegal. The lawsuit filed in the United States District Court for the Northern District of California San Francisco Division, representing plaintiffs Gerardo Aceves, Thomas Fan, Edwin Martinez, Tiffany Smoot, Edouard Cordi and Brett Maggard from California and Florida, alleges that Coinbase’s digital asset sales knowingly violated state securities laws since the company’s inception.

Source

https://www.tg-me.com/CryptoCalendarNews/com.Bitcoin_Crypto_Coin_Calendar

🇰🇪 Kenyan President Requests 💰 Bitcoin Miner Marathon Digital to Review Nation’s Cryptocurrency Regime

Kenyan President William Ruto recently announced that his government has requested Bitcoin miner Marathon Digital to review the country’s cryptocurrency regime. Ruto stated that the U.S.-based Bitcoin miner will also discuss electricity usage in cryptocurrency mining with the Kenyan Energy Ministry. The apparent acceptance of crypto and Bitcoin mining by the Ruto-led Kenyan government seems to be a shift from the stringent approach previously adopted by the Central Bank of Kenya (CBK) and other government entities.

Source

https://www.tg-me.com/CryptoCalendarNews/com.Bitcoin_Crypto_Coin_Calendar

🪙 Ethereum Developers Target Ease of Crypto Wallets With 'EIP-3074'

As blockchain teams strive for the holy grail of mainstream adoption, making crypto wallets easier to use is suddenly at the top of the agenda. Ethereum developers have been moving along with their discussions and inclusions of certain Ethereum Improvement Proposals (EIPs) for the blockchain’s next big hard fork, Pectra.

Source

https://www.tg-me.com/CryptoCalendarNews/com.Bitcoin_Crypto_Coin_Calendar

🇰🇷 South Korea’s winning party moves toward 💰 bitcoin ETF promise: report

South Korea’s left-wing Democratic Party plans to request financial regulators to review the currently banned spot bitcoin exchange-traded funds, according to a South Korean news report. This signifies the party’s next step in its initiative to make spot bitcoin funds locally accessible.

Source

https://www.tg-me.com/CryptoCalendarNews/com.Bitcoin_Crypto_Coin_Calendar

💰 Quantitative Trading Giant Boosted its Portfolio with $1 Billion Bitcoin ETF Investment

Susquehanna International Group, a quantitative trading firm, revealed its investments in Bitcoin exchange-traded funds (ETFs) during the first quarter of 2024. According to a 13F-HR filing submitted on May 7, the firm disclosed its ownership of more than $1 billion in exchange-traded funds (ETFs). The filing, submitted to the Securities and Exchange Commission, disclosed Susquehanna’s ownership of 17,271,326 shares in the Grayscale Bitcoin Trust (GBTC), with a market value of approximately $1.09 billion as of March 31, 2024.

Source

https://www.tg-me.com/CryptoCalendarNews/com.Bitcoin_Crypto_Coin_Calendar

🪙 Ethereum Proposal by Vitalik Buterin Introduces Advanced Account Abstraction Features

According to the Github summary, EIP 7702 emerges as a pivotal alternative to the existing EIP-3074, addressing key vulnerabilities by avoiding the use of soon-to-be obsolete opcodes and preventing ecosystem fragmentation. Designed to be forward-compatible with potential quantum computational advancements, it focuses on integrating seamlessly with EIP 4337, which is critical as quantum computing continues to evolve.

Source

https://www.tg-me.com/CryptoCalendarNews/com.Bitcoin_Crypto_Coin_Calendar

💰 Bitcoin mining difficulty drops 6% in largest fall since bear market lows

Bitcoin mining difficulty dropped 5.7% on Thursday in the largest negative adjustment for nearly 18 months. The difficulty adjustment came at block height 842,688, falling to 83.1 trillion, according to Bitbo data. It marks the highest negative adjustment since the bear market lows, when difficulty fell 7% on Dec. 6, 2022, and bitcoin was trading for around $17,000.

Source

https://www.tg-me.com/CryptoCalendarNews/com.Bitcoin_Crypto_Coin_Calendar

💰 Over 46% of Bitcoin’s circulating supply hasn’t moved in 3+ years

Recent data from Glassnode reveals intriguing shifts in Bitcoin's supply dynamics, particularly in the supply last active (SLA) cohorts. As 2023 waned, these metrics reached all-time highs, painting a picture of enduring confidence among long-term holders (LTHs). However, the landscape quickly changed with the introduction of the US Bitcoin ETF. This development, coupled with significant outflows and selling actions by LTHs, prompted a noteworthy adjustment in the availability of long-held Bitcoins.

Source

https://www.tg-me.com/CryptoCalendarNews/com.Bitcoin_Crypto_Coin_Calendar

🏦 Coinbase Layer 2 Base Takes This Industry by Storm, Captures 46% of Transactions

Coinbase’s Layer 2 network – Base – has witnessed a resurgence of user activity. Franklin Templeton’s latest analysis revealed that Base has received significant traction from SocialFi applications such as Friend.Tech. Additionally, Base has experienced a notable surge in the supply of USDC on its network, surpassing $2.5 billion. This increase coincided with Coinbase’s announcement in December 2023 of free USDC transfers on Base via the Coinbase Wallet, indicating a strategic move to boost Base’s ecosystem and facilitate seamless transactions for users.

Source

https://www.tg-me.com/CryptoCalendarNews/com.Bitcoin_Crypto_Coin_Calendar

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