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The "Carry Trade" Behind the Crypto Sell-Off
The "Carry Trade" Behind the Crypto Sell-OffEarlier this week, the cryptocurrency market witnessed a sharp downturn, with major cryptocurrencies plunging. Bitcoin dropped below $50,000 on Monday, its lowest point in six months, before rebounding to around $56,000 on Wednesday...
Blockchain 2024-08-08 10:30:32 -
The New Landscape of the Smartphone Market: The Rise of Sub-Series and How Main Series Models Adapt
The New Landscape of the Smartphone Market: The Rise of Sub-Series and How Main Series Models AdaptThe smartphone market is becoming increasingly competitive, with mainstream manufacturers launching sub-series models to capture market share through more precise positioning and more cost-effective configurations. However, the phenomenon of sub-series surpassing main series models in certain aspects has sparked controversy and presented consumers with new challenges in making choices...
Mobile Internet 2024-08-08 10:27:12 -
Crypto Industry Returns to the US: A "Gold Rush" Triggered by Trump's Policy Shift
Crypto Industry Returns to the US: A "Gold Rush" Triggered by Trump's Policy ShiftThe outcome of the US presidential election often affects the direction of the global economy, and this years election is particularly significant for the cryptocurrency industry. The two candidates contrasting attitudes toward cryptocurrencies paint vastly different future landscapes for this emerging industry...
Blockchain 2024-08-08 10:13:32 -
Crypto Market Rocked by $1 Billion Liquidation in August: Bulls Charge Back
Crypto Market Rocked by $1 Billion Liquidation in August: Bulls Charge BackOn Sunday, August 4, the cryptocurrency market experienced a violent shakeup, with roughly $1.1 billion worth of crypto bets liquidated, marking one of the largest sell-offs of the year...
Blockchain 2024-08-08 10:05:56 -
CoreScientific Bets on AI After Bankruptcy Restructuring, Stock Soars 140%: $6.7 Billion Deal Fuels Growth
CoreScientific Bets on AI After Bankruptcy Restructuring, Stock Soars 140%: $6.7 Billion Deal Fuels GrowthCoreScientific, a US Bitcoin mining company that once faced bankruptcy, has made a significant shift to artificial intelligence following its restructuring and return to the stock market this January...
Blockchain 2024-08-08 10:04:20 -
Cryptocurrencies in Turmoil: Shaken Confidence, Uncertain Future
Cryptocurrencies in Turmoil: Shaken Confidence, Uncertain FutureThe cryptocurrency market experienced a brutal sell-off on Monday, with Bitcoin plunging below $50,000 and Ethereum plummeting by 23%, marking its largest decline since 2021. This massive upheaval has shaken investor confidence and raised concerns about the future direction of digital currencies...
Blockchain 2024-08-08 09:58:45 -
Cryptocurrency Rollercoaster: Opportunities and Challenges Amidst Market Turmoil
Cryptocurrency Rollercoaster: Opportunities and Challenges Amidst Market TurmoilBy Wu Bin, 21st Century Business Herald Reporter, ShanghaiAmidst global market turmoil, cryptocurrencies have also been on a roller coaster ride. Last week, Bitcoin plunged more than 13%, suffering its biggest weekly decline since the collapse of cryptocurrency trading platform FTX in 2022...
Blockchain 2024-08-08 09:58:24 -
New Scientific Discoveries: Gender Differences in Pain Perception, Quantum Internet Breakthrough, The Mystery of Continental Formation, The Pain of Mental Effort, and the Gravitational Effects of Faster-Than-Light Travel
New Scientific Discoveries: Gender Differences in Pain Perception, Quantum Internet Breakthrough, The Mystery of Continental Formation, The Pain of Mental Effort, and the Gravitational Effects of Faster-Than-Light TravelGender Differences in Pain PerceptionA study conducted by Hebrew University of Jerusalem revealed that doctors treat male and female pain differently, resulting in longer wait times and lower chances of receiving medication for female patients. Published in the Proceedings of the National Academy of Sciences, the study sheds light on how unconscious bias affects our perception of others' suffering...
Industry dynamics 2024-08-08 09:53:05 -
Crypto Market Plunges: Bitcoin Falls Below $53,000, Ethereum Erases Year-to-Date Gains
Crypto Market Plunges: Bitcoin Falls Below $53,000, Ethereum Erases Year-to-Date GainsOn Monday, August 5th, Beijing time, the cryptocurrency market experienced a massive sell-off, with Bitcoin and Ethereum plummeting sharply, triggering panic in the market.Bitcoin, the largest cryptocurrency asset, fell nearly 13% in the week ending August 4th, marking its largest weekly decline since the FTX exchange collapsed in 2022...
Blockchain 2024-08-08 09:45:28 -
Crypto Market Plunges Again, Bitcoin Drops Below $53,000, Bulls Suffer "Bloodbath"
Crypto Market Plunges Again, Bitcoin Drops Below $53,000, Bulls Suffer "Bloodbath"The cryptocurrency market experienced another dramatic upheaval on August 5th, with Bitcoin's price abruptly plummeting in the early hours, breaking below $53,000 and hitting a new low in recent months. As of this writing, Bitcoin is hovering around $54,000, down over 10% in the last 24 hours...
Blockchain 2024-08-08 09:45:04 -
Crypto Market Takes a Hit, Bitcoin Plunges Below $52,000, 210,000 Liquidated
Crypto Market Takes a Hit, Bitcoin Plunges Below $52,000, 210,000 LiquidatedOn August 5th, the cryptocurrency market suffered a major setback, with Bitcoin prices dropping continuously, falling below $55,000, $54,000, and $53,000, reaching a low of $52,300, representing a daily decline of 11.20%...
Blockchain 2024-08-08 09:43:48 -
Crypto Market Shakes as Bitcoin and Ethereum Plunge to Multi-Month Lows
Crypto Market Shakes as Bitcoin and Ethereum Plunge to Multi-Month LowsCrypto markets experienced another wave of volatility on Monday, with Bitcoin and Ethereum both plummeting to multi-month lows. The slump was primarily driven by weak economic data, which escalated investor concerns about a US recession and led to a flight to safe haven assets, pushing down prices of high-risk assets like cryptocurrencies...
Blockchain 2024-08-08 09:42:14
