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View More NewsThe growing Bitcoin supply held at a loss suggests that the crypto market is nearing its cycle bottom, according to digital asset brokerage company K33.Over 50% of all Bitcoin (BTC) is currently held at a loss, K33 said in a report published Tuesday.K33 added that because the past year’s bull market was less extreme than previous cycles, the current downturn could also be less severe.Historically, when more than half of the circulating supply has been underwater, Bitcoin has tended to be in the late stages of a bear market, making the metric one of several indicators analysts use to assess…
The sequence began on June 30, when an anonymous wallet submitted a proposal to transfer the treasury’s holdings to a wallet it controlled, per Chainalysis. To pass, the proposal needed yes votes equal to 1% of BONK’s supply, the quorum, or minimum participation, required for it to take effect. Over July 4 and 5, a separate wallet acquired exactly that much, spending about $4.4 million to buy BONK on the exchanges Bybit and Binance and, by one account, borrowing more through DeFi lending platforms, according to Lookonchain.Titled “BIP #76 – Sowellian BonkDAO,” the proposal passed with just seven wallets voting,…
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In May, ultra-low-fare Spirit Airlines announced that it would ground all flights and shut down, effective immediately. That happened despite “extensive and comprehensive efforts to restructure the business” and “create a sustainable path forward,” the airline explained in a press release. Government…
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Science does not often advance in sudden epiphanies that yield “Eureka” moments. More typical are years of failed experiments, dogged hypothesis-testing, and incremental discoveries that are, at best, inconclusive. And then, sometimes, eventually, the accumulated knowledge results in a breakthrough. Two recent examples are stunning advances in cancer medicine—one for pancreatic cancer, the other for melanoma—that are rewriting what doctors can promise their patients. But to understand why these achievements matter so profoundly, it is instructive to appreciate how long they took.A Pill That Doubled Survival for the Disease That Kills Almost EveryonePancreatic cancer is the third-leading cause of cancer…
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Belgium’s financial markets regulator warned consumers against six crypto-asset service providers (CASPs) it said were operating in the country without authorization, days after the…
In brief Yield Guild Games is sunsetting its crypto game publishing arm, retiring its website, launchpad, and games like LOL Land and Waifu Sweeper…
Professional investors don’t just look at a coin’s price relative to its long-term average to assess whether it’s cheap. They use metrics such as…
Strategy sells 3,588 Bitcoin for $216M to fund dividendsMichael Saylor’s Strategy sold 3,588 Bitcoin (BTC) to fund preferred stock dividend payments and replenish its…
from the here-to-build-an-encyclopedia dept In Larry Sanger’s recent failed attempt to start a “WikiProject Intellectual Diversity”, he tried to recruit his followers to help…
Strategy (MSTR) sold 3,588 bitcoin for approximately $216 million last week, reducing its total holdings to 843,775 BTC, according to a Monday SEC filing.The…
Ripple said it has received full authorization under the European Union’s MiCA crypto framework after Luxembourg’s financial regulator granted the company a Crypto Asset…
In brief UN Secretary-General António Guterres opened the first Global Dialogue on AI Governance in Geneva calling AI deployment “faster than anyone—including the people…
from the good-deals-on-cool-stuff dept The Soundfreaq Sound Spot II combines wireless audio performance, ambient lighting, and relaxing sound features in a compact design built…
Bitmine Immersion (BMNR), the largest Ethereum (ETH) treasury company, stepped up its buying pace last week, purchasing 42,197 ether (ETH) as chairman Thomas Lee…
Bitcoin miner TeraWulf, moving deeper into AI infrastructure, signed a 20-year data center lease with Anthropic expected to generate about $19 billion in contract revenue.The…
In brief Coinbase sent users an AI-generated alert that incorrectly reported the result of a World Cup match before kickoff. Coinbase said it fixed…