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Produced by Daniel Aharonoff & Mogul Media AI

HackaTRON Season 6: Redefining the Decentralized Future

HackaTRON Season 6: A Transformative Journey in Decentralization As we embark on HackaTRON Season 6, the excitement surrounding this multifaceted event is palpable. The opportunity to contribute to the next evolution of the internet, particularly through Web3: Charting the Internet's Next Economic and Cultural Frontier technologies, is a thrilling prospect for developers and creators alike. This season introduces five diverse tracks, each designed to challenge participants and encourage innovative solutions that bridge existing gaps in the decentralized landscape. The Five Tracks of HackaTRON Season 6 Web3 Shape the next evolution of the internet by contributing to solutions that promote a decentralized future. For further insights into the field, consider reading The Future of Community: How to Leverage Web3 Technologies to Grow Your Business . Artistry Redefine entertainment through the fusion of blockchain technology with gaming and NFTs, exploring new horizons for c
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Produced by Daniel Aharonoff & Mogul Media AI

Bitcoin and Ethereum Price Fluctuations: A Closer Look

The fervor surrounding Bitcoin took a notable nosedive on Friday, a mere day after the inception of the inaugural spot Bitcoin ETFs commenced trading in the United States. It seemed that crypto traders opted to sell the news, causing the value of the primary cryptocurrency to plummet after a string of recent gains. Bitcoin experienced a substantial 6% drop late Friday morning, hitting a low of $43,413 according to data from CoinGecko. Nevertheless, it is currently on the upswing, with a current price of $43,547 at the time of this composition. Despite nearing $49,000 on Thursday for the first time since 2021 with the advent of the initial spot ETFs in the U.S., the momentum was short-lived, and the price steadily declined overnight before sharply falling in the subsequent hours.

Bitcoin's Precarious Position:

  • Over $90 million worth of Bitcoin positions liquidated in the last 24 hours, per data from CoinGlass.
  • Long positions accounted for $76 million of the liquidations, with over $14 million in shorts.
  • Nearly $30 million in long liquidations occurred in the past hour as Bitcoin's decline hastened.

Ethereum's Contrary Course:

Interestingly, Ethereum has charted a contrasting trajectory, predominantly ascending this week as crypto investors contemplate the prospective launch of spot Ethereum ETFs in the United States. BlackRock CEO Larry Fink articulated to CNBC on Friday that he perceives value in such offerings. The financial behemoth had filed for a spot Ethereum ETF in the U.S. back in November. Ethereum has surged by nearly 19% this week, nearly breaching the $2,700 mark on Friday morning for the first time since April 2022. Furthermore, Ethereum scaling networks Arbitrum and Optimism reached record-high token prices earlier on Friday.

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