The Economist magazine in the UK wrote an article titled "What Will Happen After Bitcoin Soars", pointing out that Bitcoin is not rising in isolation: every asset is rising, stock markets around the world are approaching record highs, and so is the price of gold. Bitcoin's performance is better than most assets. The US Securities and Exchange Commission's approval of the establishment of a Bitcoin exchange-traded fund (ETF) makes it easier for ordinary investors to buy this encrypted currency. Bitcoin has existed for 14 years, and its concise mechanism for self-certification and verification of supply growth has never been compromised by hackers, meaning that this token will not disappear. With the establishment of ETFs, it is now obvious that Bitcoin has become an investment asset. The establishment of Bitcoin ETFs may have triggered a crazy and amazing surge, but the future price trend it predicts may be more slow and stable.
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British "Economist": Bitcoin will not disappear, the establishment of ETF may make its future price trend slower and more stable
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Cointime May 12 News Express
1.The number of Bittensor subnets for the AI project will increase to 64, and 1024 subnets will be achieved this year2.Trader predicts Bitcoin price will reach $350,0003.vladilena.eth redeemed 1930 weETH from Zircult, suspected of selling4.Solana’s on-chain DEX transaction volume yesterday exceeded the sum of five chains including Ethereum, BSC, and Arbitrum5.RSS3 VSL locked-in amount surged in the past two days and is close to 200 million US dollars 6.The transaction volume of Club Key on friend.tech platform exceeded 1 million7.Lido has paid out more than 516,000 ETH in staking rewards, equivalent to approximately $1.51 billion8.1,000 BTC transferred from TronDAO to an unknown new wallet9.Report: Justin Sun deposited 120,000 eETH into Swell L2, worth $376 million10.1707.36 BTC have flowed out of Binance in the past 7 days -
Franklin Templeton CEO says all ETFs and mutual funds will be on blockchain
She also warned that generative artificial intelligence was like the “kid that got an ‘F’ in math.”
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Bitcoin volatility plunges below Tesla, Nvidia stocks amid $100K price prediction
Lower Bitcoin market volatility often precedes significant bull runs, suggesting that the current trend could propel prices toward the $100,000 to $150,000 range.
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Is Bitcoin price going to crash again?
Strong technical resistance levels and a high number of profitable traders pose the risk of modest pullbacks in the Bitcoin market.
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Bitcoin opens $63K futures gap as thin liquidity threatens BTC price
Bitcoin market participants are doubting the staying power of the ongoing BTC price relief bounce.
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Blockchain Asset Management announces launch of a dedicated blockchain fund for accredited investors
Blockchain Asset Management, a cryptocurrency fund with a scale of $100 million, announced the launch of an exclusive blockchain fund for qualified investors. The specific amount of funds raised by the fund has not been disclosed yet, but it is said to have reached "eight figures", which means it is in the tens of millions of dollars. In addition, the investment threshold for the new fund is $100,000, and all investors are required to meet the approved standards (annual income exceeding $200,000, net assets exceeding $1 million). -
Renault's BWT Alpine F1 Team announces partnership with ApeCoinDAO
The BWT Alpine F1 team under Renault announced a partnership with ApeCoinDAO on X platform, which will introduce APE into the Alpine F1 ecosystem and collaborate with global token holders to launch peripheral products and digital assets inspired by the first ApeCoin. It is reported that according to the cooperation between the two parties, in the future, BAYC NFTs may be able to wear equipment and clothing with the Alpine team logo. -
A single transaction with a transaction fee of up to 1.5 BTC appeared on the Bitcoin chain
According to on-chain data tracking service monitoring , there has been a single transaction on the Bitcoin network with a transaction fee as high as 1.5 BTC, worth about $100,254. It is reported that the sender of the transaction is an address starting with "bc1p4n" and the recipient is an address starting with "bc1pqv". -
ETFStore President: GBTC outflow trend has ended
Nate Geraci, President of ETFStore, stated on X platform that the outflow trend of GBTC has ended, with a revenue of $63 million. -
Animoca Brands: MOCA token distribution is planned to take place around May 24
Animoca Brands officially announced that the distribution of MOCA tokens is planned to take place around May 24th. The token release information includes:
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