Circle, the company behind the popular stablecoin USDC, is still planning to go public. Their CEO, Jeremy Allaire, says they’re in a strong financial position and don’t need to raise more money before the IPO. Circle’s IPO Plans Circle filed a confidential draft registration for an IPO with the SEC back in January. They’re also…
Bitcoin’s open interest has been making headlines lately. It’s a measure of how much money is being bet on Bitcoin’s future price, and it’s been hitting record highs. What Does Open Interest Mean? Open interest tells us how much money is tied up in Bitcoin futures contracts. These contracts are basically bets on whether the…
Ethereum has been on a rollercoaster ride lately. After a recent surge, the price took a sudden dip, dropping over 13% since Monday. This caused some investors to worry about the strength of the rally. Whale Activity Suggests Accumulation But here’s the interesting part: while the price was falling, whale activity on the Ethereum network…
Big Options Expiry and Whale Activity Ethereum (ETH) just went through a big options expiry event, where a bunch of contracts were settled. This caused a bit of a price jump, but now the question is: what’s next? One analyst, Michaël van de Poppe, thinks ETH is at a crossroads. He’s looking at two possible…
Big banks like JPMorgan Chase, Bank of America, and Wells Fargo are refusing to define what an “unauthorized transaction” is, even though this term is crucial for determining if fraud victims get their money back. Banks Aren’t Clear on What’s “Unauthorized” Consumer Reports found that these banks, along with Capital One, U.S. Bank, and Truist,…
Bitcoin has been stuck in a sideways trading pattern for months, but one analyst believes the crypto king is about to break out. Kevin Svenson, a popular YouTube analyst, thinks Bitcoin is poised for a major surge and could even hit a new all-time high as soon as next month. History Repeats Itself? Svenson points…
A new AI-powered scam is targeting billions of Gmail users worldwide. This sophisticated scam uses deepfakes to create incredibly realistic voice calls that trick users into giving up their login credentials. How the Scam Works The scam starts with a notification appearing on your Gmail account, claiming there’s an account recovery attempt. This notification seems…
Microsoft is holding a shareholder vote in December on whether to invest in Bitcoin. However, the company’s board of directors is recommending against it. Board Says No Need The board argues that the proposal is unnecessary because they’ve already considered investing in Bitcoin and decided against it. They say they regularly evaluate various investments, including…
Bitcoin has been on a rollercoaster ride lately. While the past few weeks saw some serious bullish momentum, the price has been stuck in a rut recently. What’s going on? Whales Are Moving One thing that’s caught the attention of analysts is the recent surge in “Exchange Whale Ratio.” This metric tracks the activity of…
Bitcoin has been on a wild ride lately, soaring close to $70,000. But some experts are worried about a potential crash, especially with the US Presidential election looming. A Recent Surge, But Will It Last? Bitcoin has seen a massive jump in the past couple of weeks, gaining over 12% from its starting price. It…
