Bitcoin Supply Surge Bitcoin has been trending upward, but some analysts are concerned about a potential supply glut. A massive influx of Bitcoin, estimated at $9 billion, has been linked to Mt. Gox’s planned user compensation. This could lead to a sell-off and drive prices down. Mt. Gox’s Impact Mt. Gox’s accelerated release of Bitcoin…
Binance US is facing a legal showdown with the Securities and Exchange Commission (SEC) after a judge ruled that the SEC’s lawsuit will continue. However, Binance remains confident in its case, as the judge dismissed several of the SEC’s key claims. Binance’s Preparations Binance US, the American branch of the crypto exchange, is preparing to…
Crypto analyst Javon Marks predicts a whopping 404% price increase for Dogecoin (DOGE), with a target of $0.6533. This surge could happen sooner than expected. Reasons for the Breakout Marks believes that Dogecoin’s price action suggests an imminent breakout. The move to $0.6533 would mark a yearly high for the meme coin and could signal…
Ethereum’s (ETH) price has taken a hit after briefly reaching $3,500 on Monday. It’s now back down to $3,400. ETF Approval Delay The delay in approval for Ethereum ETFs has been pushed back to July 8. The SEC is requesting revised filings from issuers. Revised Filings The SEC is taking extra time to review and…
Memecoin dogwifhat (WIF) A renowned crypto analyst, known for his accurate predictions, has set an ambitious price target for the Solana-based memecoin dogwifhat (WIF). The analyst believes WIF is entering a five-wave rally, which could push its value to $11 by November. This represents a potential upside of over 386% from its current price of…
Binance, the leading cryptocurrency exchange, has added monitoring tags to 11 altcoins, indicating their potential for delisting. Affected Altcoins The tagged coins include: Balancer (BAL) Cortex (CTXC) PowerPool (CVP) Convex Finance (CVX) Dock (DOCK) Kava Lend (HARD) IRISnet (IRIS) MovieBloc (MBL) Polkastarter (POLS) Status (SNT) Sun (SUN) Monitoring and Delisting Criteria Binance states that tokens…
Over the weekend, a crypto whale withdrew over $206 million worth of Ethereum (ETH) from the Bitfinex exchange within 16 hours. Abraxas Capital Management’s Involvement According to Lookonchain, the whale is likely Abraxas Capital Management, a UK-based investment firm specializing in crypto since 2017. The firm manages over $2 billion in digital assets. DeFi Transactions…
Consolidation Phase Nearing End Crypto strategist Jason Pizzino believes Bitcoin (BTC) is on the verge of a significant breakout. He notes that BTC has been consolidating around $60,000 for several months, a pattern similar to last year before a nearly 3X surge. Parallels to Previous Bull Market Pizzino draws parallels between the current market and…
Economic Cycles and Asset Performance Arthur Hayes, co-founder of BitMEX, draws parallels between the economic upheavals of the 1930s-1970s and today’s financial landscape. He categorizes these cycles into: Local Cycles: Focus on national protectionism and financial repression, leading to inflation. Global Cycles: Encourage global trade and investment, resulting in deflation. Bitcoin’s Emergence in a Local…
Energy Consumption and Carbon Emissions Cardano’s Proof of Stake (PoS) network uses significantly less energy than traditional Proof of Work (PoW) networks. Its annual energy consumption is 704.91 MWh, much lower than Bitcoin’s energy consumption, which is equivalent to that of small countries. Cardano’s annual carbon emissions are estimated at 250.73 tonnes of CO2 equivalent….
