Binance, the world’s largest crypto exchange, has added io.net (IO) to its Launchpool platform. IO is a Solana-based decentralized artificial intelligence (AI) computing network. Farming IO Tokens Users can stake BNB and FDUSD in separate pools to earn IO tokens from June 7th to June 11th. IO will be listed on June 11th. Enterprise-Grade Computing…
Why Is Bitcoin Stuck Below $100k? Despite recent developments like Bitcoin ETFs, the highly anticipated surge to $100,000 remains elusive. Here’s why: Long-Term Holders Selling: Investors who have held Bitcoin for over two years are selling, reducing the supply and putting downward pressure on the price. Impact of Halving Not Yet Felt: The recent halving…
After hitting $71,000, Bitcoin has been stuck in limbo. But what’s next? Crypto analyst Alan Santana has some insights. Bitcoin’s Bullish Run Coming to an End? Santana believes Bitcoin’s bullish trend, which started in November 2022, is nearing its end. Bullish waves typically last around a year, and Bitcoin’s has been going for 16 months….
Global Liquidity: The Key Indicator According to Philip Swift, founder of LookIntoBitcoin, global liquidity has reached an all-time high of $94 trillion, approaching $100 trillion. Swift believes this is a crucial indicator for Bitcoin’s potential growth in this bull run. Bitcoin’s Inevitable Rise Swift suggests that Bitcoin’s rise is inevitable as long as global liquidity…
Accumulation on the Rise Bitcoin investors have been on a buying spree, snapping up more than 5 times the amount of BTC that miners have produced recently. Investor Activity vs. Miner Production The chart below shows the net flow of BTC into investors’ wallets (blue line) compared to the monthly issuance by miners (red line)….
Bakkt’s Strategic Options Bakkt, a digital asset marketplace owned by the New York Stock Exchange, is reportedly exploring a potential sale or breakup. The company has hired a financial advisor to consider various options. Bakkt’s Journey Bakkt launched with much fanfare in collaboration with Starbucks and Microsoft. However, it faced challenges and was at risk…
The Evolved Apes Rug Pull In 2021, the developer of the “Evolved Apes” NFT project disappeared with $2.9 million in funds. The project promised a fighting game but abandoned it and deleted its website. Red Flags and Suspicions Investors noticed warning signs before the scam, including unprofessional announcements and a lack of communication from the…
Staking Innovations in Hong Kong Hong Kong is set to introduce staking options for spot Ethereum exchange-traded funds (ETFs) this year, according to industry experts. This move aligns with the growing trend of enhancing the appeal of crypto-based financial products. Significance of Staking Staking allows token holders to earn rewards for participating in the Ethereum…
Crypto strategist Michaël van de Poppe has revealed his top altcoin picks for the current market cycle. He believes that Bitcoin investors will likely shift their profits into altcoins, boosting their value. Altcoins Poised for Growth Van de Poppe predicts that altcoins will perform well, outperforming older assets. Here are his top altcoin picks: Renzo…
Cryptocurrency analyst Kaleo predicts a massive rally for Avalanche (AVAX), an Ethereum competitor. Echoes of 2021 Bull Run Kaleo compares AVAX’s current price action to its behavior in July 2021, which preceded a 733% surge. He believes AVAX is at a similar point, suggesting a potential breakout to $99.87. Dogecoin’s Parabolic Ascent The analyst also…
