Binance’s Proof of Reserves Binance, the largest crypto exchange, recently released its latest Proof of Reserves (PoR) report. This report shows how much crypto they hold for their users. Shiba Inu Holdings The report reveals that Binance holds over 65 trillion Shiba Inu (SHIB) tokens. This means that for every SHIB that users have on…
The Mango Markets Scandal On October 11, 2022, Avraham Eisenberg allegedly inflated the MNGO token by 1000% in 20 minutes. He then used this inflated value to borrow over $110 million from Mango Markets, which was later revealed to be a theft. Eisenberg’s Trial Eisenberg’s trial is underway in a New York federal court. The…
Billionaire investor Mike Novogratz predicts a bright future for Bitcoin and precious metals due to the Federal Reserve’s potential rate cuts. Rate Cuts Boost Liquidity, Benefit Bitcoin Novogratz believes that rate cuts will increase liquidity, making Bitcoin more attractive to investors seeking a safe haven during economic uncertainty. He views Bitcoin as a store of…
Arthur Hayes, founder of BitMEX, warns that the upcoming Bitcoin halving could lead to a temporary slump in the crypto market. Reasons for the Warning Hayes believes that the current macroeconomic conditions, combined with the widely anticipated bullish sentiment surrounding the halving, could create a perfect storm for a sell-off. He argues that when market…
According to Tom Lee, founder of Fundstrat Global Advisors, the stock market is poised to continue its rally due to easing inflation and investor caution. Inflation on the Decline Lee believes inflation is falling faster than expected, which will allow the Federal Reserve to cut interest rates this year. This will benefit the stock market…
Legendary trader Peter Brandt sees a familiar pattern in Bitcoin’s recent behavior, suggesting a potential rally to $80,000. However, he warns of a correction afterward, a common occurrence in Bitcoin bull markets. Bitcoin’s Bullish Momentum Brandt’s chart analysis shows a diagonal resistance level that Bitcoin is threatening to break. This could trigger a rally, pushing…
Demand from Whales and Long-Term Holders CryptoQuant analysts have found that the upcoming Bitcoin halving in April is no longer the main factor driving the price of BTC. Instead, demand from large-scale investors (whales) and long-term holders is now the primary force pushing the price up. Permanent Holders Outpacing Issuance For the first time ever,…
Bitcoin, the crypto king, has been on a wild ride lately. It almost broke its record high over the weekend, but then it suddenly dropped below $70,000. This has investors wondering if it’s still possible to reach $80,000. Weekend Gains Wiped Out Just a few days ago, Bitcoin was soaring to near-record highs of over…
Inflation Data Concerns The Consumer Price Index (CPI) data release on April 10 is expected to show a rise in inflation. This could prompt the Federal Reserve to raise interest rates, which is typically bearish for Bitcoin. Investors are cautious ahead of the report, leading to a decline in Bitcoin’s price. Spot Bitcoin ETFs Spot…
Market Fluctuations Bitcoin has been experiencing some ups and downs, hitting $72,500 on Monday before dropping below $70,000 on Tuesday. This is likely due to investors being cautious ahead of the release of US inflation data today. However, Bitcoin has since recovered slightly and is now trading above $69,400. Hong Kong’s ETF Launch Hong Kong’s…
