Hong Kong’s Securities and Futures Commission (SFC) has issued a directive to all crypto trading platforms operating within its jurisdiction, requiring them to submit a license application by February 29 or face closure by May 31. Navigating the New Crypto Regulatory Landscape Investors are advised to only engage with platforms listed as licensed virtual asset…
Ethereum (ETH), the second largest cryptocurrency, is expected to experience a significant price increase in the coming months. Several prominent crypto analysts have identified three key factors that could contribute to this surge. 1. Ethereum Beacon Upgrade: The impending Ethereum Beacon Upgrade is a major driver for the anticipated price increase. Scheduled for Q1 of…
The Shiba Inu ecosystem is expanding rapidly, with new projects and features being introduced all the time. The marketing team has now revealed the timeline for completing their ambitious roadmap. Completion Target: End of 2024 On Thursday, Shiba Inu marketing lead Lucie announced on X (formerly Twitter) that the team aims to complete all ongoing…
Ethereum (ETH), the second-largest cryptocurrency by market cap, has experienced a notable exodus from centralized exchanges in recent weeks. Data suggests a growing preference for holding ETH outside of trading platforms. Ethereum Outflow Reaches $1.2 Billion Blockchain analytics firm IntoTheBlock reported a staggering $500 million worth of ETH exiting exchanges last week, contributing to a…
Approval Date for Ethereum ETFs Expected The Securities and Exchange Commission (SEC) is likely to follow a similar approach to approving spot Bitcoin (BTC) exchange-traded funds (ETFs) for spot Ethereum ETFs. Standard Chartered Bank analysis suggests that approval will be granted on the initial final deadline of May 23. Delays Possible, Approval Still Likely According…
Analyst’s Prediction Crypto analyst Eric sees Ethereum (ETH) potentially reaching $20,000 during the next bull run. He attributes this prediction to the potential launch of spot Ethereum exchange-traded funds (ETFs) in the United States. Historical Comparison Eric highlights Ethereum’s historical tendency to follow Bitcoin’s (BTC) price movements, albeit with a one-cycle lag. In the previous…
The Argument Charles Hoskinson, the founder of Cardano, and Muneeb Ali, co-founder of Stacks, recently engaged in a debate on Twitter about the potential and limitations of Bitcoin’s layer-2 (L2) innovations, particularly in comparison to networks like Cardano and Ethereum. Hoskinson’s Perspective Hoskinson argued that Bitcoin’s architectural limitations make it impossible for it to support…
Shiba Inu (SHIB), often referred to as the “Dogecoin killer,” is facing a critical situation due to a recent downturn that has raised questions about its stability and future prospects. Shibarium Surge Sparks Mixed Reactions While some investors remain optimistic about SHIB’s potential, others are expressing concerns about its performance and distribution dynamics. A recent…
Introduction Despite the influx of over $5 billion in new assets through Exchange-Traded Funds (ETFs) by BlackRock and Fidelity, the Bitcoin price has fallen by 13%. Fred Krueger, the former founder and chairman of Traffic Marketplace, offers insights into this seemingly paradoxical situation. Arbitrage Traders’ Strategy In late June 2023, arbitrage traders anticipated the ETF…
A renowned crypto strategist, Rekt Capital, predicts a potential surge in the altcoin markets in the coming weeks. He believes the recent strong performance of Ethereum-based altcoins, such as Solana (SOL) and Chainlink (LINK), could trigger a broader altcoin hype cycle similar to what was witnessed in Q4 of 2023. Solana and Chainlink Leading the…
