A California lawyer is suing Chase Bank after they allegedly froze his accounts, wiping out $185,000 and causing a cascade of problems. A Lawyer’s Nightmare Brian Adesman, 32, claims Chase shut down his personal and business accounts without warning or explanation. He says this led to a complete financial meltdown, forcing him to cancel his…
Steve Eisman, the famed investor who famously bet against the housing market (as depicted in “The Big Short”), is sounding the alarm about a potential banking cartel forming in the US. He’s worried this could lead to higher costs for everyday banking services. A Lack of Mergers and a Growing Problem Eisman points out that…
Mastercard and Chainlink have teamed up to make buying crypto easier than ever for millions of people. This partnership will let Mastercard’s 3 billion cardholders directly purchase cryptocurrency using decentralized finance (DeFi) platforms. How it Works This isn’t just Mastercard and Chainlink; several other companies are involved, including zerohash, Swapper Finance, Shift4 Payments, and XSwap….
Cardano’s new privacy-focused sidechain, Midnight, is launching a huge airdrop called the “Glacier Drop.” This airdrop distributes 24 billion NIGHT tokens, Midnight’s native token. How NIGHT Tokens Work NIGHT is a utility token that generates DUST, a resource used on the Midnight network. DUST is not transferable and burns upon use, unlike typical transaction fees….
Bitcoin’s price has bounced back above $105,000, but the news isn’t all good. The derivatives market, which heavily influences Bitcoin’s price, is showing some worrying signs. Futures Buying Pressure Drops A recent report highlights a significant decrease in buying pressure in the Bitcoin futures market. Key metrics like the Taker Buy/Sell ratio and Net Taker…
Anthony Pompliano’s ProCap just made a huge splash, raising $750 million and merging to become a publicly traded company, ProCap Financial Inc. ($CCCM), with a billion dollars worth of Bitcoin! This move, backed by major crypto investors, signals a significant shift in institutional interest in Bitcoin. Institutional Bitcoin Adoption is Booming More and more big…
Swissblock, a market intelligence firm, is raising a red flag about Bitcoin (BTC). They’ve noticed a sharp drop in on-chain liquidity, a key indicator of how easily BTC can be bought and sold. What’s the Problem? Low on-chain liquidity means there aren’t enough buyers to soak up sell orders, potentially leading to price drops. Swissblock…
Last week saw over $1.24 billion flow into crypto investment products, marking the tenth straight week of inflows. This brings the year-to-date total to a record-breaking $15.1 billion. Bitcoin and Ethereum Lead the Charge Bitcoin (BTC) was the top performer, attracting $1.1 billion in investment. Ethereum (ETH) wasn’t far behind, experiencing its ninth consecutive week…
Cathie Wood’s investment firm, ARK Invest, recently sold off a huge amount of Circle (CRCL) stock – a whopping $238.2 million worth – in just one week. This happened right after Circle’s stock price jumped significantly. A Quick Sell-Off Between June 16th and 20th, ARK unloaded these shares. On June 20th alone, they sold $111.6…
Arthur Hayes, the BitMEX co-founder, is predicting a major Bitcoin (BTC) price surge. He believes the Federal Reserve’s upcoming injection of cash into the US economy will drive investors towards Bitcoin as a safe haven asset. The Fed’s Impact on Bitcoin Hayes, who boasts a large following on X (formerly Twitter), claims that the increased…
