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Standard Chartered says bitcoin price could fall further to $50,000
Standard Chartered says bitcoin price could fall further to $50,000

As bitcoin’s price has dipped below the $60,000 mark and is currently hovering around $57,000, it could fall further to around $50,000, according to Standard Chartered Bank.

The Block·2024/05/01 10:22
Spot bitcoin ETFs saw $344 million net withdrawals in April as flow reversal continued
Spot bitcoin ETFs saw $344 million net withdrawals in April as flow reversal continued

The U.S. spot bitcoin ETFs saw $343.5 million withdrawn from the funds in April — the first monthly net outflows since trading began in January.The spot bitcoin ETFs most recent net outflow streak extended to five days on Tuesday amid continued zero daily flows for BlackRock’s IBIT.

The Block·2024/05/01 10:22
Bitcoin long liquidations spike above $145 million as market heads south
Bitcoin long liquidations spike above $145 million as market heads south

Bitcoin long liquidations spiked over $145 million in the past 24 hours as the price dropped to a low not seen since February.The digital asset’s price correction is partly due to falling demand from U.S.-based investors, according to CryptoQuant.

The Block·2024/05/01 10:04
What could drive BTC price with halving complete, ETF demand stalled
What could drive BTC price with halving complete, ETF demand stalled

Upcoming macroeconomic clarity, or a lack thereof, is likely to be a key contributor to bitcoin’s next price movement

Blockworks·2024/05/01 08:25
Flash
14:43
EF researcher Justin Drake: Vitalik will join the Strawmap architecture team, and Ethereum block rewards will further decrease
Foresight News reported that Ethereum Foundation researcher Justin Drake posted on Twitter about several recent developments, including: Justin Drake has agreed to provide pro bono consulting for a potential $100 million Ethereum public goods fund, with further details to be announced soon. In addition, a team of five people, including Vitalik and Justin Drake himself, will join the architecture team for the Strawmap roadmap draft. Finally, an EIP aimed at reducing Ethereum block rewards will soon be released. This EIP will ultimately lower the Ethereum block reward to 0.25 ETH, and block rewards will no longer be issued when the amount of Ethereum staked exceeds 50% of the total supply.
14:43
US Stock Movement: Carnival Cruise drops over 10% as adjusted Q3 profit guidance falls short of expectations
Glonghui, June 23 — Carnival Cruise (CCL.US) once fell by more than 10%, hitting a low of $27; currently, the decline has narrowed to about 6.5%. According to reports, Carnival Cruise predicts that profit in the third quarter will be lower than expected, as the ongoing impact of rising fuel prices under geopolitical tensions continues to drag on the cruise operator’s profit margin. The company expects adjusted earnings per share for the quarter to be about $1.35, below analysts’ expectations of $1.42. (Glonghui)
14:40
Vitalik Buterin: Ethereum Foundation cuts budget by 40% and shifts to a long-term donation model
Vitalik Buterin revealed that the Ethereum Foundation (EF) will reduce its budget by about 40% this year, and transition from the model of spending approximately 15% of its remaining funds each year to spending around 5% annually after 2030, shifting towards becoming a long-term oriented grant-making organization.
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