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Options data points to a quiet summer ahead for crypto market, says QCP Capital
Options data points to a quiet summer ahead for crypto market, says QCP Capital

Analysts from QCP Capital predict a summer lull in the crypto market, anticipating lower trading volatility for bitcoin based on options data.The analysts added that ether options are currently exhibiting higher implied volatility compared to bitcoin options.

The Block·2024/06/14 11:34
Upcoming Opportunities in the Crypto Market: When and Why (Analysis)
Upcoming Opportunities in the Crypto Market: When and Why (Analysis)

This week’s crypto market correction has taken a heavy toll on altcoins while Bitcoin and Ethereum remain in consolidation. It could be a while yet before altseason, according to analysts.

Cryptopotato·2024/06/14 10:34
Bitcoin falls with equities as markets position for a single Fed rate cut this year
Bitcoin falls with equities as markets position for a single Fed rate cut this year

Market realignment for a single U.S. Federal Reserve rate cut this year has dragged bitcoin and equities lower.However, after a recent rate cut by the Bank of Canada and the European Central Bank, the market expects the Federal Reserve and the Bank of England to follow suit in coming months, analysts said.

The Block·2024/06/14 10:22
Crypto investments exceeded $1 billion in May: Report
Crypto investments exceeded $1 billion in May: Report

Share link:In this post: KuCoin Research reported that the crypto market saw over $1 billion in investments in May, a 10.61% increase from May 2023 but a 6.4% decrease from April. The SEC’s approval of a Spot Ethereum ETF and strong U.S. stock market performance boosted crypto market confidence and capital inflows. Stablecoin market activity varied, with USDe reaching new highs while USDC and FDUSD issuance declined.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liab

Cryptopolitan·2024/06/14 09:52
Bernstein analysts raise bitcoin price target to $200,000 by end of 2025
Bernstein analysts raise bitcoin price target to $200,000 by end of 2025

Bernstein analysts have raised their price target for bitcoin to $200,000 from $150,000 by the end of 2025.The analysts also initiated coverage on MicroStrategy stock with an outperform rating, targeting a price of $2,890.

The Block·2024/06/14 09:43
Flash
04:36
Citrini: AI Investment Overcrowded, Suggests Watch for 5 Major Blind Spot Opportunities
BlockBeats News, June 27th - Citrini Research, the organization behind the "AI Doomsday Report," released a new research report stating that despite the AI hype bringing up discussions on data centers, computing power, and electricity bottlenecks, it has become overcrowded. A large amount of intellectual and model resources have been focused on a single AI narrative, leading to other areas being under-allocated, under-modeled, and neglected, which could trigger a rotation of funds to forgotten topics. The article lists five specific themes and suggests that investors pay attention to opportunities in the life science cycle, high-end residential/retirement housing, the fintech renaissance, airlines, and other areas that have been mistakenly killed. Citrini Research, a research organization with significant market influence, previously issued a report in February of this year introducing the concept of a "global intelligence crisis," warning that AI could lead to a "race to the bottom" for knowledge-based jobs, disrupting the industry and credit chain built around white-collar productivity. This report subsequently caused a sharp drop in the US stock market.
04:24
Venezuelan official: Oil production unaffected by earthquake
```htmlGolden Ten Data reported on June 27 that after two strong earthquakes in Venezuela, on June 26 local time, Paola Eneu, Venezuela's Minister of People's Power for Oil and Gas, stated that oil production was not affected by the earthquakes. In a media interview, Eneu said Venezuela's current daily crude oil output is 1.2 million barrels, the government has assessed the domestic inventory situation, and the supply of natural gas and fuel is guaranteed. "We are operating normally, all oil wells are functioning and producing." It is reported that feedback from the management of Venezuelan oil companies and oilfield workers indicated that oil and gas facilities were not severely impacted. Earlier reports suggested that initial assessments showed Venezuela's large oil and gas facilities sustained limited damage in the quakes due to being far from affected cities, but power shortages could potentially impact oil output.```
04:04
Tencent reportedly plans to withdraw investments from several Japanese game studios; Tencent states it remains focused on the Japanese gaming market for the long term
Sources reveal that Tencent is currently evaluating its minority stakes in overseas studios one by one. For assets whose synergistic value has disappeared or whose returns have fallen short of expectations, Tencent is reportedly willing to sell these stakes back to the original management teams at a discount, even at a loss, to complete its exit. In response to these moves, Tencent stated: “Gaming is one of Tencent’s core businesses. We will continue to fully support our portfolio companies and remain committed to long-term focus and investment in the Japanese gaming market.” (Sina Tech)
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