The recent surge in the price of meme coin DADDY by 35% has caught the attention of many investors in the cryptocurrency market. This sudden increase in value was sparked by a bold announcement from Andrew Tate, a former kickboxer and online influencer, encouraging DADDY holders to accumulate more assets within a limited time frame.
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Asset managers are eagerly anticipating the potential approval of the first U.S. ETFs directly investing in Ethereum by the Security and Exchange Commission. The deadline for updated paperwork and amended S-1s is set for July 8, with the possibility of additional rounds of filings. Despite minor questions from the SEC, asset managers like Steve Kurz
Despite a 15% decrease in Bitcoin’s price since mid-March, there are indications that the bull run may not be coming to an end as many fear. One crucial metric to consider is the Fear and Greed Index, which measures investor sentiment on a scale from 0 to 100. With the index recently entering “fear” and
In the first half of 2024, Bitcoin and Ethereum have overshadowed traditional investments such as the Nasdaq, S&P 500, oil, gold, the U.S. dollar, and government bonds. Matrixport’s July 1 post highlighted that both cryptocurrencies are leading the pack halfway through the year. The approval of spot Bitcoin ETFs in January played a significant role
The rise of artificial intelligence (AI) models has undoubtedly revolutionized many industries and sectors. However, Charles Hoskinson, the co-founder of Cardano, raises an alarming concern about the diminishing utility of AI models over time. He attributes this decline to the practice of AI censorship, where machine learning algorithms are used to filter objectionable or sensitive
Keith Gill, also known as “Roaring Kitty,” is currently facing securities fraud claims related to the GameStop stock frenzy that occurred in 2021. The class-action lawsuit filed on June 28 in the Eastern District of New York alleges that Gill orchestrated a “pump and dump” scheme by using his social media presence to manipulate the
The month of June has been quite turbulent for the Bitcoin price, with significant fluctuations and volatility. The price of Bitcoin experienced a rollercoaster ride, reaching highs of $72,000 and lows of just over $58,000. Ultimately, the bears prevailed, driving the price down by 7.12%. This downward trend has left many wondering what the future
As the market continues to fluctuate, analysts at CryptoQuant have identified key on-chain metrics that may indicate the potential for Bitcoin to have bottomed and for cryptocurrencies to start rallying once again. These metrics include higher bullish momentum, an increase in Bitcoin demand, and faster growth in stablecoin liquidity. These signals are crucial indicators to
The recent update from the European Central Bank (ECB) regarding the development of the digital Euro CBDC has sparked concerns among experts and investors. While the ECB claims that privacy and data protection are its top priorities, there are underlying features of the currency that suggest otherwise. The ECB’s two-year preparation phase for the digital
Ethereum experienced a 3% decrease in price this week, with buyers struggling to defend the key support at $3,500. The continuous pressure from sellers puts ETH in a clear downtrend, with the past five weekly candles closing with a lower low. To reverse this downward trend, ETH needs to surpass $3,700 and challenge the key
The cryptocurrency markets are experiencing a decline today, with Bitcoin heading toward the $60K mark and most altcoins showing a slow decrease. The total market capitalization is currently at $2.37 trillion. Bitcoin has seen a 1.3% drop in the past 24 hours, adding up to a total loss of approximately 6% for the week. The
T-Rex Group, a financial services company, has recently filed for a 2x leveraged MicroStrategy (MSTR) exchange-traded fund (ETF) in the United States. This new financial vehicle is expected to be one of the most volatile ETFs in the country if approved. The main objective of the fund, named as ‘T-Rex 2X Long MSTR Daily Target
The prediction made by analyst ‘RamenPanda’ regarding potential interest rate cuts by the U.S. central bank lacks concrete evidence and fails to consider the unpredictability of market reactions. While historical data from the 2008 financial crisis is referenced, it is important to note that each economic situation is unique and cannot be accurately compared to
As approximately 107,000 Bitcoin options contracts are set to expire this Friday, the overall notional value of $6.6 billion brings the potential for increased market volatility. This end-of-month expiry event is significantly larger than typical end-of-week expirations. The put/call ratio of 0.5 indicates that there are twice as many long (call) contracts expiring as shorts
Bitcoin, the world’s largest digital asset, experienced a tumultuous week in terms of price fluctuations. Starting the week off at over $64,000, Bitcoin seemed to maintain its stability until the bears took control and initiated a massive downward trend. Within hours, Bitcoin plummeted by several thousand dollars, hitting a low of $58,400 – a level
Recently, Binance made headlines by announcing the implementation of stricter measures to combat account misuse on its platform. The company unveiled its plans to enhance monitoring of all account activities due to instances where certain features were abused for gaining unfair advantages over other users. This move signifies a proactive stance taken by Binance to
CleanSpark, a prominent player in the Bitcoin mining industry, made waves with its recent announcement of acquiring GRIID Infrastructure in an all-stock deal worth $155 million. This strategic move immediately added 20 megawatts of power to CleanSpark’s operations, with an additional 400 MW expected to come online in Tennessee within the next two years. By
Coinbase, the largest cryptocurrency exchange in the United States, has taken a bold step by filing lawsuits against the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC). These lawsuits are in response to the agencies’ failure to comply with information requests related to closed crypto cases. The filings at the United
The US Securities and Exchange Commission (SEC) is inching closer towards the approval of the latest adjustments regarding spot Ethereum ETFs, with the discussions between asset managers and regulators nearing their conclusion. Prominent asset managers like BlackRock, Franklin Templeton, and Grayscale Investments are among the eight firms progressing towards the final stages. This development comes
The US spot Bitcoin ETFs are showing signs of a slow recovery, with collective inflows reaching $21.52 million on June 26th. This positive momentum follows a trend that began on Tuesday, indicating a potential shift in the market. BlackRock’s iShares Bitcoin Trust (IBIT) has not reported any new investments in the past four days. This
The ongoing legal battle between Ripple Labs and the United States Securities and Exchange Commission (SEC) has entered its trial phase. This phase is typically where resolutions are expected to be made, but the end of this case remains uncertain as of the most recent update on June 27th. A significant development in recent weeks
Bitcoin whales have been quietly accumulating BTC amidst a backdrop of fear, uncertainty, and doubt in the market. Recent analysis by IntoTheBlock shows a notable surge in net inflows to the largest wallets, indicating a shift in accumulation patterns. Holders with control of at least 0.1% of the total Bitcoin supply added 7,130 BTC worth
SEC Chair Gary Gensler recently expressed his confidence in the approval process for spot Ethereum ETFs during an interview at the Bloomberg Investment Summit. Despite not providing a specific timeline, Gensler highlighted that the main focus is currently on asset managers. He emphasized the importance of full disclosure by asset managers to ensure smooth registration
The ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission has been a subject of interest since it began in 2020. The outcome of this lawsuit will have a significant impact on the classification of XRP as a security and could potentially influence its legal status in the eyes of regulators.
Bitcoin (BTC) has continued its downtrend, reaching new local lows of under $59,000. During the mid-hours of the United States Monday trading session, BTC briefly fell below $60,000 to register a new local low of $58,500. This slump has persisted as outflows from the U.S. spot Bitcoin exchange-traded fund (ETF) market have continued into the
Bitcoin’s price has experienced a rapid decline in recent days, failing to sustain levels above $70K. Currently, the market is teetering around a crucial point, approaching the $60K support level. Since the start of June, the price has been on a downward trend, with a rejection from the $72K zone. The market’s mid-term trajectory will
The world of cryptocurrency has been witnessing a significant surge in stablecoin transfer volumes, according to data from Token Terminal. In April, the monthly stablecoin transfer volume soared to over $1.68 trillion, showcasing a substantial increase from previous months. This 16-fold rise highlights the growing potential of stablecoins in revolutionizing financial processes and streamlining cross-border