Crypto analyst Credible believes Ethereum (ETH) could soar to a five-figure price during the current cycle. Price Targets Minimum of $10,000 Realistically, $20,000 Justification Credible views ETH as a “higher beta version of Bitcoin.” If Bitcoin doubles from its current price, ETH should do even better. A 3x increase would put ETH at $10,000. Timeline…
Bitcoin has taken a hit over the past week, dropping to around $65,000 on Friday. Miners Cashing Out Crypto miners have been selling off their Bitcoin holdings in recent days. On one day alone, they sold over 1,200 BTC, worth about $80 million. This selling pressure has contributed to Bitcoin’s price decline. Miners are selling…
MicroStrategy’s Bitcoin Bonanza MicroStrategy, the business intelligence giant, is planning to buy a whopping $700 million worth of Bitcoin. They’ve increased their initial target from $500 million to meet the growing demand for the cryptocurrency. Bitcoin Holdings on the Rise MicroStrategy has already purchased a significant amount of Bitcoin, making them the largest public holder….
SHIB Eternity Blockchain Launch Despite the recent market dip, the Shiba Inu team has been busy preparing for the blockchain launch of SHIB Eternity. The game is expected to launch soon, according to Lucie, a key team member. TREAT Token The upcoming TREAT token will play a significant role in SHIB Eternity. It will likely…
SEC Approval and Timeline Following approval, issuers have been eagerly awaiting the trading debut of Ethereum spot ETFs. Bloomberg analyst Eric Balchunas predicts July 2, 2024, as the potential start date. The SEC’s response to issuers on June 14th was positive, with no major issues raised. Issuers are expected to respond within a week. SEC’s…
Why ETFs Are Soaring ETFs (exchange-traded funds) are becoming increasingly popular because they offer: Low costs: Unlike actively managed funds, ETFs have low fees, making them more affordable for investors. High liquidity: ETFs can be bought and sold throughout the trading day, unlike mutual funds. Tax efficiency: ETFs can be tax-advantaged, which can save investors…
Launch Date Bloomberg analysts Eric Balchunas and James Seyffart predict that Spot Ethereum ETFs will begin trading on July 2nd. The Securities and Exchange Commission (SEC) has reportedly sent fund issuers comments on their S-1 filings, which are said to be minor. Fund issuers are expected to file amended registrations within a week. Impact on…
Sophisticated Scheme The U.S. government has seized $5.25 million from six JPMorgan Chase bank accounts, alleging that the funds were stolen in a sophisticated fraud scheme. Union Targeted According to the Justice Department, the funds were stolen from a Massachusetts workers union that was tricked into wiring millions of dollars to scammers. The union received…
Coinbase, the leading US crypto exchange, has added support for the new token of Pirate Nation, a pirate-themed role-playing game built on the Ethereum blockchain. Trading PIRATE Token Customers can now trade PIRATE, a utility and staking token used within the game. The token debuted on Wednesday and has surged nearly 90% in its first…
Turkey, the eighth-largest economy in Europe, is reportedly planning a new tax on cryptocurrency transactions. Tax Proposal According to Bloomberg, the proposed tax aims to raise $7 billion for the Turkish government. The bill includes: A 15% tax on multinational corporations earning revenue in Turkey A minimum corporate tax on profits from real estate sales…
