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.
Rekt Capital compared Bitcoin's post-halving period in 2020 and 2024 and found a high degree of similarity. After both halving events, Bitcoin entered a phase of re-accumulation that lasted about 161 days. In 2020, the period ended in a parabolic rally as Bitcoin broke through its repeatedly tested resistance level. The support and resistance levels in both periods show continued testing and retesting for possible upward momentum.
The halving impact led to a decrease in fee income, and block subsidies became the main source of income for bitcoin miners. Of the $25.35 million miners earned per day on September 13, only $398,860 came from transaction fees, or just 1.6% of total revenue. This is a significant change from the previous period, when transaction fees topped out at more than 40% of miners' revenue. Analysts say that with block subsidies halved every four years, transaction fees will only grow in importance in cyb...
In the wake of Bitcoin's halving, publicly traded mining companies are turning to debt financing to increase their cash flow. According to BlocksBridge Consulting, which is based on earnings reports, nine of the 13 publicly traded U.S. companies raised a combined $1.25 billion through equity offerings in the second quarter of 2024. These include Bitdeer, Bitfarms, Cipher, CleanSpark, Core, HIVE, Marathon, Riot, and Terawulf. In addition, Iris Energy raised $458 million in the last quarter, bring...
Alvin Bragg, the US attorney for the Manhattan district, has announced criminal charges against an individual for defrauding clients using a "fake cryptocurrency asset recovery business". In a notice dated August 1, the New York State District Attorney's Office said it had charged Michael Lauchlan with three counts of grand larceny and two counts of fraud for stealing funds from Coin Dispute Network users. According to the district attorney, Michael Lauchlan claimed to be able to track and recov...
On July 29th, according to Decrypt, as the pressure increases after the bitcoin halving, bitcoin mining companies are experiencing an "identity crisis", and some companies are starting to dabble in AI and chip manufacturing to diversify their revenue. At last week's Bitcoin 2024 conference, Ryan Rasmussen, head of research at Bitwise Asset Management, said: "The block reward halving will have a detrimental impact. The bitcoin mining industry is expected to see consolidation in the next 18 months...
On July 29th, the profit crunch after the bitcoin halving has put pressure on the business model of bitcoin mining companies, and some larger companies see this industry hurdle as an opportunity to expand their business or launch a hostile takeover. The bitcoin mining industry is expected to consolidate in the next 18 months, with some well-capitalized miners looking to gobble up competitors, such as Colorado-based Riot Platfor...