James Check, principal analyst at Glassnode, said the Bitcoin market cycle was not anchored to the halving event, as is commonly believed, but was driven by other factors, such as bull and bear cycles. "In my opinion, Bitcoin has gone through three cycles, but they are not centered around halving," Check said on Wednesday, referring to the blockchain's cut in mining rewards every four years...
Wall Street bank JPMorgan Chase released a report revealing that the profitability of bitcoin miners hit the highest level since the last halving event in July, with daily block reward revenue averaging $57,400/EH/s, an increase of 4% from June. In terms of stock performance, ten of the US-listed miners outperformed bitcoin in July. Argo Blockchain (ARBK) performed well, rising 66%, while Core Scientific (CORZ) underperformed, falling 21%.
According to Coinglass data, bitcoin has historically performed well in the first quarter of the second year after the halving, with specific data being: 539.96% in the first quarter of 2013; 11.89% in the first quarter of 2017; and 103.17% in the first quarter of 2021.
Bitcoin's "halving", the approval of Bitcoin and Ethereum spot ETFs in the United States, and Trump's victory have driven the market value of cryptocurrencies to soar. According to Coingecko data, the total market value of cryptocurrencies has risen from about $1.60 trillion at the beginning of the year to a peak near $4 trillion. Among them, the price of bitcoin rose by 120.88% throughout the year. It broke through the 80,000, 90,000 and 100,000 dollar mark within a month after Trump's victory,...
New York court judge Alvin Hellerstein has decided to postpone the trial of the civil case between the U.S. Commodity Futures Trading Commission (CFTC) and Gemini Trust until January 21, 2024, from the original date of January 13. The case stems from the 2022 CFTC charges against Gemini for providing false or misleading statements to the CFTC when it applied to offer bitcoin futures contracts in 2017. The postponed trial date will come as a new president takes office and could affect the CFTC's ...
纽约法院法官Alvin Hellerstein决定将美国商品期货交易委员会(CFTC)与Gemini Trust公司之间的民事案件审判推迟至2024年1月21日,原定的审判日期为1月13日。此案源于2022年CFTC对Gemini提出的指控,指控其在2017年申请提供比特币期货合约时向CFTC提供虚假或误导性陈述。推迟的审判日期将正值新总统上任后,可能影响CFTC对Gemini及其他加密公司立场。法院表示,除非特别情况,不再...
Gold Ten Futures, December 27th, Dashang: From January 1, 2025 to December 31, 2025, our firm will implement the following fee reduction measures, except for high-frequency traders identified by the exchange, and will be exempt from futures delivery fees. Exemption of standard warehouse receipt transfer payment collection and payment fees. Exemption of standard warehouse receipt as margin handling fees. Exemption of period cashback handling fees. Halving of hedging transaction fees.
CICC: From January 1, 2025 to December 31, 2025, the stock index futures and government bond futures delivery fees, stock index option call-over (performance) fees will be charged by half, except for high-frequency traders identified by the exchange.
Public chain Zilliqa tweeted that the proposal to halve mining rewards has been approved, and starting from October, monthly mining rewards will be reduced by 50% each month.