Decentralized exchange Uniswap is expanding in a way no one imagined. As announced recently, the trading platform said it will launch Unichain, its Ethereum layer-2 scaling solution.

Unichain's launch could significantly enhance Ethereum's scalability and DeFi accessibility, potentially reshaping the blockchain landscape. The post Uniswap debuts Ethereum L2 Unichain, UNI token surges 13% appeared first on Crypto Briefing.

Bitcoin arguably stands to benefit from macro data upheaval as US CPI and jobless data diverges in a "nightmare" for the Federal Reserve.

Yes, hyperbitcoinization is happening. Yes, there will be a messy period of complete crypto degeneracy before that.

Billy Markus clarified that Peter Todd is an "OG core dev" but not the creator of Bitcoin.

Key Points:

Uniswap launching Unichain, a Layer 2 blockchain on Ethereum, aimed at faster, cheaper transactions and improved liquidity.

Bitcoin's consolidation around $60,000 has investors sidelined, with a new price range needed to spark activity, according to an analyst.

Decentralized exchange Uniswap has entered the layer-2 solution landscape with its new initiative to “accelerate Ethereum's scaling roadmap.

Bitcoin (BTC) has had a turbulent relationship with major financial institutions over the years, with many dismissing the cryptocurrency altogether for years.

The Korean Financial Services Commission, a local finance regulator, forms a special virtual asset committee that might create the legal framework for a Bitcoin Spot ETF launch in the country. Ki Young Ju, CEO and cofounder of CryptoQuant, explains why this is bullish for the first cryptocurrency - and what is next for "Kimchi Premium" indicator for the BTC price.

Bitcoin's rejection at $66K and the break below the 200-day moving average suggest that bearish sentiment is gaining strength. If the price fails to hold the $60K support, the likelihood of a mid-term decline toward the $52K-$55K zone increases.

The Bitcoin market bounced a bit in the early part of the Thursday session. After all, the $60,000 level has offered buying pressures again, as the large, round, psychologically important figures tend to do.

While the identity of Satoshi Nakamoto is still more or less unknown, it is believed that Nakamoto owns billions of dollars' worth of Bitcoin.

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On Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs) faced another tough day, with the 12 funds seeing outflows totaling $30.59 million. In contrast, their spot ethereum ETF counterparts had an uneventful day, with all nine funds neither gaining nor losing value. Wednesday's Spot Crypto ETF Action On Oct. 9, the 12 U.S.

Spot Bitcoin Exchange-Traded Funds (ETFs) in the United States have experienced substantial net outflows, breaking a brief positive streak. On Tuesday, these funds reported a total outflow of $18.66 million, signaling a potential shift in market sentiment.

Anthony Pompliano, angel investor and founder of the Pomp Investments fund, has released a podcast this week, in which his wife, Polina M. Pompliano, asked him questions on various topics, including Bitcoin, which Pomp is a big proponent of.

Uniswap will launch an Ethereum layer-2 network called Unichain in an effort to cut fees, boost liquidity, and more.

The CPI data for September suggests that the Fed might not cut the rates again in November.

Uniswap Labs is building a custom Layer 2 called Unichain using the Optimism Superchain, which will feature sub-second block times.

The latest US Consumer Price Index (CPI) report has delivered a surprise 2.4% outcome, revealing higher-than-anticipated inflation figures. Despite that, Bitcoin's (BTC) price is holding on to the $60,000 threshold.

Investors are looking for alternative opportunities while navigating the uncertainty in high-cap tokens.

Ethiopia is gradually becoming a Bitcoin mining center, thanks to its huge hydroelectric supplies and low electricity prices. Local miners are currently consuming approximately 600 megawatts (MW) of power, with further capacity expected to come online soon.

The news is in line with the ongoing trend that's hit the Ethereum scaling world since the end of 2023: giant and familiar crypto exchanges launching their own layer-2 networks.

Adam Back, veteran cryptographer and CEO of Blockstream, known as the contributor of the Bitcoin white paper mentioned by Satoshi Nakamoto himself, has broken his silence on the current conjecture surrounding the crypto market.

The stagnation of the Bitcoin price despite the first rate cut by the US Federal Reserve since 2020 has perplexed many investors and traders within the market. In a new post on X, Andrew Kang, CEO of Mechanism Capital addressed the disproportionate emphasis that market participants have placed on Federal Reserve rate cuts and economic stimulus in China.

The demand for Ethereum has been somewhat lacking, to say the least.

Cryptocurrency Market Today: The US Consumer Price Index (CPI) has fallen to 2.4%, somewhat more than projected but lower than the previous 2.5%, suggesting small economic developments. This has altered market sentiment, resulting in a little shakeup in the bitcoin market. As inflation concerns linger, the cryptocurrency market's overall value has declined.

Bitcoin staking protocol Babylon has recently reopened for additional BTC deposits, and drew in about $1.5 billion worth of the flagship cryptocurrency shortly after doing so as investors rushed in to stake their coins in less than an hour and a half.

The latest US Consumer Price Index (CPI) data showed that the inflation stayed at 0.2% in September, up from what the market was expecting. Notably, the higher-than-anticipated inflation level has fueled market concerns, which is likely to send Bitcoin price below $60K soon.

IREN, formerly known as Iris Energy, is facing a class-action lawsuit from investors who allege the cryptocurrency mining company misrepresented its high-performance computing (HPC) capabilities.

In a very short while from now, the US CPI rates are expected to be announced, which is believed to be lower than expected. This is further expected to revamp a strong ascending trend and rise above the monthly highs at $64,500.

The FED has been able to control the US inflation rates, which are dropping every month, displaying a bullish outlook for the crypto markets. The rates have been plunging almost since the start of the year, which has offered a strong boost to the crypto markets.

Bitcoin is currently navigating a crucial juncture as it seeks to maintain its Short-Term Holder (STH) cost basis following a notable 10% correction in the market. According to a recent report from blockchain analytics firm Glassnode, the STH cost basis currently stands at $62,500.

As Bitcoin struggles to maintain its valuation above $60,000, a market strategist has expressed his surprise regarding the asset's inability to trade at a record high despite operating in a favorable environment.

The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 10, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

Bitcoin has recently seen quite an interesting trend in its key metrics suggesting a significant movement ahead, according to a post by CryptoQuant analyst Amr Taha. The post, shared on the CryptoQuant QuickTake platform, highlights notable changes in both long-term and short-term holder behaviour of Bitcoin, as well as in realized profit and loss figures.

Bitcoin may face a short-term dip before resuming its bullish trend, according to analyst Cole Garner.

October holds many beliefs and superstitions within the cryptocurrency community.

The lawsuit claims that Iris Energy "knew or should have known" that its Childress County site in Texas was a poor fit for high-performance computing.

Real Vision's chief crypto analyst Jamie Coutts is saying that a major Bitcoin (BTC) metric is flashing a bullish signal. Coutts says that the number of active Bitcoin addresses is rising after a downtrend that lasted for eleven months.

The price of Bitcoin (BTC) has failed to target the next highs. It remains stuck in the $61,000 range as the consolidation period has persisted.

The National Bank of Bahrain has made a groundbreaking move by launching the first bitcoin-linked structured investment product in the Gulf Cooperation Council (GCC). This innovation, developed with ARP Digital, highlights Bahrain's leadership in fintech while offering accredited investors a secure way to tap into bitcoin's long-term growth potential.

For many crypto investors, the long-term upside potential of Bitcoin is impossible to ignore.

Market volatility may increase if inflation data deviates from expectations, potentially influencing Fed rate decisions and financial stability. The post Crypto markets dip as inflation data looms, Bitcoin holds firm above $60,500 appeared first on Crypto Briefing.

"While these outflows are still relatively modest, they signal waning institutional support as bullish momentum fades,” an analyst said.