News

While the market continues to digest Bitcoin’s descent to $49,000 last week, signs that users are beginning to build up their Bitcoin are emerging, Glassnode said in a blog post on Tuesday. Bitcoin has faced several headwinds in August including geopolitical tensions in the Middle East, recessionary fears in the U.S., uncertainty around the Japanese yen, and a general risk-off mood felt most sharply at the beginning of the month. “Investors remain cautious ahead of US CPI this week,” QCP Capital...

The plunge in Bitcoin’s price, combined with a substantial increase in mining difficulty, has Bitcoin miners sweating as they fight to keep their heads above water—with the network’s guardians shifting huge amounts of coins. Figures from blockchain data firm CryptoQuant shows that earlier this month, BTC outflows from miners peaked at 19,000 Bitcoins per day—the highest amount since March. One reason for the rush in sales is that it is harder to mint coins profitably following April’s halving ev...

Tokyo-based R&D company Sakana AI has released "The AI Scientist," an AI system designed to fully automate scientific research. The company claims this system is the first of its kind, capable of handling multiple aspects of the research process independently. In its research paper, published Monday, the team says its approach “generates novel research ideas, writes code, executes experiments, visualizes results, describes its findings by writing a full scientific paper, and then runs a simulate...

Crypto interests are planning to go after Sen. Sherrod Brown (D-Ohio) in their biggest-ever single campaign, setting aside $12 million to support the Republican candidate seeking to snatch the Senate seat from the current chairman of the Senate Banking Committee, who has been highly critical of the digital assets sector and reluctant to embrace crypto legislation.

The Fairshake super PAC and its affiliates are reserving broadcast time in Ohio, Arizona and Michigan for their Senate races in the November general election.

DMarket tops daily NFT sales, Ethereum leads all blockchains.

Market sentiment suggests that a Trump election victory is bullish for crypto and a Harris win would be bearish, the report said.