Crypto Daybook Americas: Bitcoin Bulls, Remember to Zoom Out When in Doubt

Quick Summary:

Moonriver's MR64 proposal meets quorum and would upgrade tokenomics by redirecting 80% of token inflation to the treasury to fund ecosystem growth and operations.

The bullish outlook for ether is generally seen as good news for other altcoins too, although, according to Delphi Digital, the token supply is "too damn high," thanks to projects like pump.fun.

At $100,000, the annualized three-month BTC futures basis on major exchanges hovers around 15%, way below the 30%-plus witnessed at the height of 2021's bull market.

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Article Details

Author / Journalist: Omkar Godbole, Shaurya Malwa

Category: Crypto

Markets: United StatesCuba

Topics: Crypto Daybook Americas

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-12 @ 12:00:00 (4 days ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 1606 words

Reading Time: 9 minutes read

Sentences: 52 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 24425247

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Main Topics: Crypto

Official Website: coindesk.com

Year Established: 2013

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News Last Updated: 14 hours ago

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