Staking Yields: A Double-Edged Sword Ethereum exchange-traded funds (ETFs) are gaining attention, but experts from BitMEX highlight a crucial factor that could affect their appeal: staking yields. Staking yields are rewards earned by those who deposit their ETH to support the Ethereum blockchain. These rewards can significantly enhance returns. The Challenge for ETFs BitMEX analysts…
Binance, a major crypto exchange, has launched a marketing campaign for International Women’s Day to address the gender gap in the industry. Fragrance and Finance The campaign features a “CRYPTO” fragrance, described as a blend of “exotic ingredients” like HODL, DYOR, YOLO, and LFG. Binance’s goal is to spark conversations about the underrepresentation of women…
Surge in New Users Shiba Inu has seen a massive increase in new users this month. According to IntoTheBlock, the number of daily new addresses has hit levels nearly 20 times higher than the average for February. This influx of new users suggests a significant surge in adoption. Price Rally Fuels Adoption The sharp increase…
Ethereum is leading the charge in the financial revolution. Experts believe it’s still undervalued and has room to grow. Institutional Interest Institutional investors are showing more interest in Ethereum, especially with the upcoming Bitcoin halving and Bitcoin ETFs. Robby Greenfield predicts Ethereum could reach $10,000 this year due to increased buying pressure from institutions. Regulatory…
Tether co-founder William Quigley suggests that Bitcoin (BTC) could surge to $300,000 by the end of this bull market, based on historical patterns. Halving Impact Bitcoin’s upcoming halving, scheduled for April 18th, is expected to have a significant impact on its price. Quigley believes that Bitcoin is in a stronger position now than before the…
Hedge fund manager Anthony Scaramucci believes Bitcoin is still in its early stages of adoption, similar to the early days of the Internet and Amazon. Adoption Rate Comparison Scaramucci compares Bitcoin’s current adoption rate to March 1999, when only 5% of the global population had access to the Internet. This suggests that Bitcoin has significant…
Bitcoin’s Price Trajectory As Bitcoin hovers near its all-time high, experts are eager to predict its next major move. Alex Thorn, a research expert, believes we’re about to “climb the wall of worry.” Historical Parallels In 2020, Bitcoin faced resistance near its previous all-time high of $20,000. It took several attempts before it finally broke…
Analyst Kevin Svenson predicts a significant correction for Bitcoin (BTC) after its recent rally. FOMO Driving Market Svenson believes that the recent surge in Bitcoin’s price is fueled by “FOMO” (fear of missing out), where investors rush to buy the asset as it continues to rise. He warns that this can lead to a sharp…
Bitcoin miners have had a record-breaking day, raking in nearly $76 million in revenue. This is the second-highest daily revenue in the history of the cryptocurrency. Block Rewards and Transaction Fees Bitcoin miners earn revenue from two sources: block rewards and transaction fees. Block rewards are given to miners for solving blocks on the network,…
Burn Rate Decline The Shiba Inu burn rate has taken a hit after a week of high activity. The number of SHIB tokens burned daily has dropped, indicating a slowdown in the community’s efforts to burn the meme coin. 10% Drop in Burn Rate According to data from Shibburn, the burn rate has fallen by…
