Tether’s Bitcoin bet puts it in competition with MicroStrategy, has potential to cause market volatility
Tether’s Bitcoin bet puts it in competition with MicroStrategy, has potential to cause market volatilityCryptoSlate's latest market report dives deep into Tether's plan to buy Bitcoin every month and analyzes the impact it could have on the market.Happy α Sunday 💪⛓️🚀Our Sunday newsletter is dedicated to the recent content from CryptoSlate Alpha, the web3 membership designed to empower you with cutting-edge insights and expert knowledge. Built on top of Access Protocol, Alpha is incredibly easy to join — you only need a Solana self-custody wallet and a small amount of ACS tokens to stake, which will grant you access to all research and reports. For more information, see more about CryptoSlate Alpha. α Weekly ReportTether’s Bitcoin bet puts it in competition with MicroStrategy, has potential to cause market volatilityCryptoSlate's latest market report dives deep into Tether's plan to buy Bitcoin every month and analyzes the impact it could have on the market. α Weekly ResearchBitcoin illiquid supply hits all-time high as hodlers’ resolve fastensIlliquid supply reaches 15.11M showing Bitcoin investors are uninterested in selling Research: Bitcoin Inscriptions might have run their courseUncover how the surge in Bitcoin Ordinal Inscriptions led to all-time high transaction numbers and miner profits, while also raising questions about network congestion and a decrease in active addresses. α Top Insights
More α ResearchResearch: Ordinals, BRC-20 drive financial boon for Bitcoin minersBooming network activity from Ordinals provides welcome relief to Bitcoin miners. Growing Bitcoin transactions highlight Lightning Network’s importanceThe growing popularity of Inscriptions pushed Bitcoin transactions through the roof, revealing the need for a high-speed settlement layer like the Lightning Network. Bitcoin rises amidst string of bank failures: is this the start of a new financial era?CryptoSlate takes a look at the consequences of JPMorgan’s acquisition of the failed First Republic Bank and its effect on BTC. |
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Cardano’s Hoskinson calls Ethereum Classic ‘scam’ after Ergo’s exclusion from Proof-of-Work Summit
Saturday, May 20, 2023
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