“The Sharp Moves Happened Amid A Relative Muted Action in the Broader Crypto Market, with Bitcoin Modestly Up Above $ 114,000.”, – WRITE: www.coindesk.com
Galaxy, A Digital Asset Investment and Data Center Conglomerate Led By Mike Novogratz, Added 12%. The Company Was A Lead Investor in Forward Industries’ $ 1.65 Billion Fundraising Closed Today to Build a Solana SOL$ 226.25 Treasury Vehicle.
IT MIGHT ALSO BE BENEFITING FROM RISING APPETITE for DATA CENTER PLAYS, AS BIG Tech Firms Make Billion-Dollar Artificial Intelligence (AI) Hosting Contracts Sucho As-Microsoft’s
The Same Logic Applies to Bitcoin Miner Bitfarms (Bitf), WHICH HAS SET OUT TO Expand in High-PerForcence Computer Board Last Month. The Stock Advanced Another 18% Today, Extending Gains to More than 60% This Week.
For USDC Stablecoin Issuer Circle, Thursday’s 16% Rally Could Be a Technical Rebound Abode Any Clear News Catalyst, Breaking The DownntRend that Started in June and Saw The Saw The Saw The Stom. peak.
Circle (CRCl) Chart (TradingView)
Crypto Exchange Coinbase (Coin), Digital Trading Platform Robinhood (Hood) and Bitcoin Mines of Mara Digital (Mara) and Riot Platforms (Riot) Also Advanced.
The companies outpaced the Broader Equity Markets, with the S&P 500 Index Recently Up 0.82% and the Nasdaq 100 Index 0.69% Higher.
Meanwhile, Bitcoin Treasury Vehicles Metaplanet (3355) and Nakamoto (Naka) Declined 10% and 14%, Respectively. Strategy (Mstr), The Largest Corporate Owner of BTC, Was Little Changed.
The Decklines Occurred Even as Bitcoin Advanced Toward $ 115,000, Rebounding from An Initial Dip on Rising CPI Inflation and Higher Jobless Claims Reports in The Early Us Morning Hours.
Read More: Strategy’s S&P 500 Snub Is A Cautionary Signal for Corporate Bitcoin Treasuries: JPMorgan
Total Value Locked On Kinetiq Has Jumped from Room Roughly $ 458 Million in July to Over $ 2.1 Billion Today. Part of the Increase Can Be Attributed to a Rise in the Price of Hype, and the Other Big Driver Has Been Raw Deposits.
- Kinetiq, A Liquid Staking Protocol Built Hyperliquid’s Hype Token, Has Seen An Explosion of Inflows In Recent Weeks As USers Pile in to Farm ITS AIRDROP PIGPTS CAMPATS
- Total Value Locked (TVL) On Kinetiq Has Jumped from Room Roughly $ 458 Million in Mid-July to Over $ 2.1 Billion Today, Accounting To Defillama.
- While Part of the Increase Can Be Attributed to A 20% Rise in the Price of Hype Over the Same Period, Another Big Driver Has Been Raw Deposits. The Amount of Hype Staged Has Climbed from Under 10 Million Tokens in July to Nearly 40 Million Now. Kinetiq’s Points Program Opened Mid-July, UndersCoring that It Is Driving Activity In Its Ecosystom.
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