Crypto analyst Jason Pizzino predicts that Ethereum (ETH) and altcoins may soon outpace Bitcoin (BTC). Altcoin Rally on the Horizon Pizzino believes the altcoin market is poised for a surge, with the ETH/BTC pair leading the charge. He draws parallels to the previous Bitcoin cycle peak in 2021, where altcoins saw significant gains after a…
MetaMask’s parent company, Consensys, is urging the SEC to approve spot market Ethereum ETFs. They argue that Ethereum’s proof-of-stake system makes it more secure than Bitcoin’s proof-of-work system. Ethereum’s Security Consensys claims that Ethereum’s proof-of-stake mechanism provides better security than Bitcoin’s proof-of-work system. They state that “Ethereum’s PoS implementation meets and even exceeds the security…
The US government has added a staggering $677 billion to its national debt in just three months, according to data from the Treasury Department. The debt has now reached $34.573 trillion, up from $33.896 trillion in December. BlackRock CEO Warns of Urgent Situation Larry Fink, CEO of BlackRock, the world’s largest asset management firm, has…
Whale Activity Dogecoin whales, or large holders, have been on a buying spree. Over the past two weeks, they’ve scooped up a whopping 1.4 billion DOGE, worth about $280 million. This is the biggest two-week accumulation since Dogecoin’s surge in 2021. Impact on Price The whale activity has had a noticeable impact on the price…
Despite struggling to break above $200, Solana is showing strength in the stablecoin sector. Growing Stablecoin Usage On-chain data from Artemis reveals that Solana has been consistently processing more stablecoin transactions than Ethereum. In the past week alone, Solana handled $411.2 billion more in stablecoin volume. MEV Bots and Phoenix Driving Volume Most of the…
Economist Alex Krüger believes traditional finance (TradFi) companies have three choices when it comes to Bitcoin: Buy Bitcoin now: Krüger advises that TradFi portfolio managers should invest in Bitcoin to avoid underperforming for the next decade. Buy Bitcoin later: This option may result in underperformance compared to those who invest sooner. Underperform for the next…
Over 1,000 billionaires are moving an estimated $5.2 trillion to their fellow billionaires at an increasing rate, according to UBS’s “Billionaire Ambitions” report. This transfer is expected to continue for the next 20-30 years. Heirs to Billionaires The heirs of billionaires are gaining influence and acquiring more wealth through inheritance than entrepreneurship for the first…
Jack Mallers, CEO of Lightning Network wallet Strike, believes the US government’s mounting debt will drive Bitcoin to new heights. Government’s Limited Options Mallers argues that the US has no feasible way to repay its $34.578 trillion debt. He predicts that the government will resort to printing more money to meet its obligations. Inflation and…
BitMEX founder Arthur Hayes believes that memecoins, despite skepticism, offer a positive contribution to blockchain ecosystems. Memecoins as Expression and Fun In an interview, Hayes described memecoins as a “powerful” form of expression for the masses. He emphasized their playful and experimental nature, which he finds enjoyable. Hayes stressed the decentralized nature of memecoins, allowing…
Surge in Futures Activity DOGE, the popular memecoin, is making waves again. Futures market activity has skyrocketed, with open interest hitting a record high of over $2 billion. This means traders are placing big bets on the future price of DOGE, with many expecting a surge. Bullish Indicators DOGE’s funding rates have been positive since…
