Today, in the crypto of the Solobit Conor Minor Miner Mining Block, Tyler Winklevos claims that JP Morgan has suspended Gemini’s onboarding after criticising the bank’s data access fees. On the other hand, social domination of ether suggests that potential price corrections are on the table.
Solo BTC Miner Mines Block, Score Rewards
A Solo Bitcoin (BTC) miner mined the blocks and added them to the blockchain ledger on Saturday to collect 3.125 BTC block rewards for $372,773.
Minor added block 907283. This included 4,038 transactions and a block fee totaling $3,436.
Mining is increasingly dominated by large corporate players. However, while solo miners continue to mine blocks, the chances of successful solo miners are similar to winning the lottery.
Tyler Winclevos claims JPMorgan blocked Gemini over public criticism
Gemini co-founder Tyler Winklevoss has accused JPMorgan Chase of halting the onboarding process for Crypto Exchange, responding to public criticism of the bank’s new data access policy.
In X’s Friday post, Winklevoss claimed that Jpmorgan retaliated after calling for a new move by the banking giant as anti-competitive action that could harm Fintech and Crypto companies.
“My tweet last week was nervous. This week, JPMorgan said he was pausing Gemini’s reboot as a customer after offboarding during the Chokepoint 2.0 operation,” the Gemini boss wrote.
The dispute comes from a recent Bloomberg report that revealed JPMorgan’s decision to request Financial Technology companies to access customer bank data. This claimed Winklevoss was a “bankruptcy fintech” that encouraged cryptocurrency purchases.
Etheric “extreme euphoria” social chatter could become a red flag of price
According to Sentiment Platform Santiment, the surge in social media mentions could be expected to cool down as it is mentioned as being “towards the level of “extreme euphoria””.
However, other metrics suggest that there is still room for Ether’s (ETH) rally, earning over 50% over the last 30 days.
“Social indicators are flashing warning signs. Ethereum to Bitcoin price ratio has skyrocketed at an incredible 70% since early May,” Santimento said in a report Friday.
“This has created a massive spike of extreme happiness and social domination, often a red flag,” Santimento added.
Sentiment providers explained that if the social domination of cryptocurrency spikes to “an extraordinarily high level,” assets could be overvalued. “It suggests that assets are being promoted in excess and trade is congested, increasing the risk of price adjustments,” the sentiment platform explained.
