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Bitcoin Could ‘Slowly Leak’ Toward $50,000 Before Its Next Surge: Arthur Hayes

Bitcoin is still due for more sideways turbulence—and potentially some more bleeding—before shooting to the sky later this month, according to BitMEX co-founder Arthur Hayes. In his latest piece, the famous crypto essayist and macro-analyst admitted that his previous prediction that Bitcoin’s bull market would “begin anew” in September was incorrect, but that his bearishness remains “temporary.” “I have changed my mind, but it doesn’t affect my positioning at all. I’m still long as fuck in an un...

If You Bought Bored Ape NFTs at the Peak, You’ve Lost 93% of Your Investment

The prices of Bored Ape Yacht Club NFTs once rivaled those of Ferraris fresh off the assembly line. Nowadays, the JPEGs cost as much as your average used car. When digital assets boomed in 2021 and 2022, the Bored Ape Yacht Club represented NFTs’ potential as an emerging asset class mixing community and art. In crypto, Apes were lauded as digital status symbols that existed on the bleeding edge of tech. When the collection’s maker Yuga Labs teased details about its upcoming Otherside game—which...

Telegram Game 'W-Coin' Picks TON for Token After Players Shun Solana, Ethereum

The makers of W-Coin, a Telegram-based tap-to-earn game, opted to let players decide on one of three major blockchain networks to mint its token on. And as announced Wednesday, players overwhelmingly picked the network of choice for the Telegram space, The Open Network (TON). The Open Network dominated the player poll, according to a message in the official W-Coin Telegram channel, securing 68% of the votes with over 8.8 million players supporting the network. Solana finished second with 24% of...