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Bitcoin Miner Marathon Digital Misses Revenue Expectations Due to Production Setbacks
Bitcoin Miner Marathon Digital Misses Revenue Expectations Due to Production Setbacks

Nonetheless, Marathon Digital’s Q1 2024 sees a 223% yoy revenue surge and 142% hash rate increase from new products and acquisitions.

Cryptopotato·2024/05/12 00:34
BlackRock and other bitcoin ETFs rob bitcoin of its room to grow
BlackRock and other bitcoin ETFs rob bitcoin of its room to grow

The vise grip organizations like BlackRock have on bitcoin in order to fill their ETFs is a threat to bitcoin’s adoption

Blockworks·2024/05/11 23:31
Three weeks after its blockbuster launch, Runes faces declining activity
Three weeks after its blockbuster launch, Runes faces declining activity

The Runes protocol, which launched on Bitcoin three weeks ago following its halving event, generated $135 million in fees over its first week, but activity has since fallen dramatically. May 10th was the lowest activity day on Runes by several measures, including new mints and new wallets, blockchain data show, in an early test for the new protocol.

The Block·2024/05/11 22:31
Franklin Templeton CEO says all ETFs and mutual funds will be on blockchain
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.”

Cointelegraph·2024/05/11 20:34
Bitcoin volatility plunges below Tesla, Nvidia stocks amid $100K price prediction
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.

Cointelegraph·2024/05/11 15:16
Victim of $71 million 'address poisoning' attack recovers funds following negotiations
Victim of $71 million 'address poisoning' attack recovers funds following negotiations

Blockchain data shows that the victim of a $71 million address poisoning attack last week has recovered nearly all available funds when accounting for the changes in crypto prices. Blockchain cybersecurity firm Match Systems and the Cryptex exchange participated in the recovery negotiations, according to a press release.

The Block·2024/05/11 14:43
Flash
09:41
Micron's Earnings Week Approaches, Whale Opens $10.5 Million Long Position at 10x Leverage
On June 22, according to monitoring by Hyperinsight, as of the time of writing, the 24-hour trading volume of MU on Hyperliquid was approximately $62.43 million, with a 12-hour increase of about 2.13%. In terms of news, the storage sector is gaining strength as Micron is set to announce its earnings this week, and Citigroup has raised its target price to $120. Hyperliquid address 0x3200 has opened a new 10x long position in MU today, with a position value of approximately $10.57 million and an average entry price of $1169.1. Meanwhile, the large positions in MU remain bearish, with short positions amounting to approximately $72.84 million and long positions around $40.01 million, indicating that shorts are about 1.82 times larger than longs. Address: 0x32008fcb6bbd16532afc83ca8b6c920dde22c407
09:40
India's five-year government bond yield returns to 6.50%, narrowing the spread with the ten-year yield to a two-week low
India's 5-year 6.36% 2031 government bond yield rebounded to 6.50% on Monday, as traders opted to take profits after previous gains. This maturity’s yield showed strong bottom support around the 6.45% level.Meanwhile, the 10-year benchmark 6.94% 2036 government bond yield remained steady at 6.85%. Market participants are awaiting new drivers; divergent performance at both ends narrowed the spread between the two securities to 35 basis points, the tightest level in two weeks.According to a trader at a foreign bank, foreign investment in the 2031 bond has slowed over the past few sessions, with profit-taking pressure being released. Previously, this spread had widened to over 40 basis points after foreign investors focused on the 5-year bond following the Reserve Bank of India's recent announcement to attract US dollar inflows earlier this month.Going forward, attention should be paid to changes in the pace of foreign capital inflows and the Reserve Bank of India's monetary policy stance, as they affect the transmission of rates at the short end. Whether the spread narrows further will depend on whether the 10-year yield finds a new trading direction.
09:39
The European Union auctions three types of bonds, with the 2043 bond yielding an average return of 3.794%.
⑴ The European Commission completed the auction of three euro-denominated bonds on Monday, with the average winning yield for the bond maturing in 2028 at 2.744%, the 2036-maturity bond at 3.392%, and the 2043-maturity bond at 3.794%. ⑵ From the pricing structure perspective, the yield curve maintains a positive premium at the long end, and the term premium for issues with maturities over ten years remains at a reasonable level, indicating that the market's confidence in the EU's long-term fiscal credibility is still strong. ⑶ This auction covered short-, medium-, and long-term maturities. The EU optimizes its debt maturity structure by diversifying issuance terms, while also providing the market with different duration choices. ⑷ Going forward, attention should be paid to how the expenditure needs of the EU Recovery Fund will impact the future pace of bond issuance, as well as to the feedback effect of secondary market yield trends on the pricing of new bonds.
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