In Brief Nvidia’s Q3 revenue rose 95% year-over-year to $35.1 billion, beating forecasts. The Data Center segment saw a 111% surge, contributing $30.8 billion. Net income for the quarter jumped 109% to $19.3 billion, with a Q4 forecast of $37.5 billion. Nvidia Corporation announced on Wednesday a significant 95% increase in revenue for the third…
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In Brief The SEC has distributed $4.6 million to investors affected by BitClave’s failed 2017 ICO, which raised $25.5 million. BitClave agreed to pay $29 million to a restitution fund but had only contributed $12 million as of early 2023. Eligible investors filed claims by August 2023, and the SEC completed the review process in…
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In Brief Narrative Shift Sparks Interest in AI Coins & Memecoins: These categories lead with 50.4% of mindshare, redirecting focus from BTC and ETH. Altcoin Market Cap Hits $837 Billion: A 35% gap from its 2021 peak suggests untapped growth potential for alternative coins. Investor Rotation Drives Momentum: Capital flows into new narratives, signaling a…
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In Brief BTC has slipped from its peak of $93,495 as long-term holders cash out over $3 billion, marking the largest sell-off in 5 months. Market indicators signal potential correction, with BTC’s MVRV ratio at 182.06%, hinting the coin may be overvalued. If selling continues, the next support level near $83,983 looms, though renewed demand…
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In Brief Russia plans to ban crypto mining in occupied Ukrainian regions, including Donetsk, Lugansk, Zaporizhia, and Kherson. Seasonal mining restrictions will apply in Siberia from December 2023 through March 2031, with a full ban in some areas starting December 2024. Authorities cite electricity shortages during winter as the main reason for the mining crackdown.…
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In Brief Dogwifhat has dropped 7% to $3.46 amid bearish momentum, with the Elder Ray Index at -0.22, signaling seller dominance. RSI at 44.80 highlights waning buying pressure, increasing the likelihood of a dip below the $3 support level. WIF may fall to $2.57 if selling persists, but renewed demand could push it toward $4.19,…
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In Brief On-chain data shows that crypto whales have accumulated POL tokens worth $65 million over the last seven days. The number of Polygon bulls have outpaced the number of bears, reinforcing the bullish sentiment around the token. POL has formed an inverse head and shoulders on the 4-hour chart, suggesting that the price could…
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In Brief MicroStrategy is offering $1.75 billion in convertible notes, maturing in 2029, to buy more Bitcoin. On the same day, the firm acquired $4.6 billion in Bitcoin, following a $2 billion purchase the previous week. MicroStrategy’s Bitcoin-first strategy aligns its value with BTC, achieving record highs amidst the bull market. MicroStrategy Founder Michael Saylor…
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In Brief Bonk (BONK) becomes Solana’s top meme coin, surpassing Dogwifhat (WIF) with a $3.77B market cap after a 28% price surge. The BONK DAO announcement to burn 1 trillion tokens by Christmas Day increased scarcity, fueling its price and market cap rise. Bullish momentum could push BONK to $0.000055, but overbought conditions might cause…
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In Brief Bitcoin dominance drops to 60%, fueled by rising altcoin performance, including Bonk and XRP, and a growing altcoin season index of 39. Extreme Greed sentiment on the Crypto Fear and Greed Index signals a potential Bitcoin price correction, opening doors for altcoin breakouts. Altcoin market cap hits $1.19 trillion; a continued BTC dominance…
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