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Peter Davis

An writer at FOMOdrive

  • Aug 28, 2023
  • 3 min read

Delphi Digital Reveals When Bitcoin Will Hit All-Time Highs

The volatility of Bitcoin has reached its lowest point ever.

Kelly believes there are indications of a potential bull market beginning.

Europe has launched its first bitcoin exchange-traded fund (ETF).

RocketSwap's DeFi protocol was the target of hackers, who managed to withdraw $870,000.

The banking system was seen as having risks by the FDIC in regards to cryptocurrencies.

The volatility of Bitcoin has hit a record low, as reported by The Block. The 30-day annualized volatility of BTC has dropped to 15.5%, the lowest it has ever been. This figure was at an average of 61.4% in 2022.

Glassnode has determined that the digital gold market has reached a point of extreme disinterest and fatigue, with volatility indicators hitting all-time lows.

Kevin Kelly, co-founder and head of research at Delphi Digital, believes that the current crypto market is showing signs of an early bull run. He believes that Bitcoin could reach its all-time high by the end of 2024, following the standard crypto cycle of four years. However, Kelly cautioned that there is no guarantee that this will be the case.

The US Federal Deposit Insurance Corporation (FDIC) has concluded that crypto-asset-related activities may present new and complex risks to the US banking system that are difficult to fully evaluate.

Jacobi Asset Management, a British firm, has unveiled the first bitcoin exchange-traded fund (ETF) in Europe. This ETF has been listed on Euronext Amsterdam and is equipped with a renewable energy certification solution.

Prime Trust, a digital asset custody company, has filed for bankruptcy in Delaware, USA. It is estimated that the company has liabilities of between $100 million and $500 million, and existing assets of between $50 million and $100 million.

Senator Cynthia Lummis has asked the New York District Court to throw out the SEC's lawsuit against Coinbase, as she believes the agency's stance on cryptocurrency "goes against current legislative efforts."

MAS has finished constructing a regulatory framework to oversee stablecoins.

An advocacy organization, Stand With Crypto Alliance, has been created by crypto exchange Coinbase in order to involve the public in developing laws to regulate cryptocurrencies.

After six years of operation, Dasset, a crypto exchange based in New Zealand, has blocked access to assets for its clients and declared the commencement of liquidation. According to news reports, customers have been attempting to withdraw their funds from the platform unsuccessfully for a few months.

An attack on the RocketSwap DeFi liquidity protocol on the Base L2 network resulted in the withdrawal of approximately $870,000 worth of Ethereum by the attacker.

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