Charles Hoskinson, the founder of Cardano, has proposed a pretty radical idea to supercharge Cardano’s DeFi scene: a sovereign wealth fund, potentially holding up to $100 million in Bitcoin. The goal? To boost the price of ADA, Cardano’s cryptocurrency. Buying Bitcoin to Boost ADA? Hoskinson’s plan involves converting 5% to 10% of Cardano’s treasury into…
Metaplanet, a Tokyo-listed company, just made a huge move in the crypto world. They raised a whopping $210 million through a zero-interest bond sale to buy even more Bitcoin. The Bond Deal This wasn’t your average bond offering. Metaplanet sold these bonds to Evo Fund, a Cayman Islands firm, with an early redemption option and…
Bitcoin recently dipped after hitting a high of $110,000, but it’s still holding strong above $100,000. Despite some investor hesitation, experts are predicting a major price surge. A Big Bounce is Coming Technical analyst Trader Tardigrade sees a significant short-term price increase for Bitcoin. Looking at the one-hour chart, he’s identified an “Ascending Broadening Wedge”…
TRON, the blockchain network, is going public in the US! This major deal involves a reverse merger with Nasdaq-listed SMR Entertainment, creating a new company called Tron Inc. Following in MicroStrategy’s Footsteps The plan is similar to what MicroStrategy (now Strategy) did with Bitcoin. MicroStrategy successfully used debt to buy Bitcoin, and as Bitcoin’s price…
A popular crypto trader is making some bold predictions about the future of several altcoins. Let’s dive into what he’s saying. Hyperliquid (HYPE) to Hit New Highs? Altcoin Sherpa, a well-known trader with a huge following, is incredibly bullish on Hyperliquid (HYPE), a layer-1 decentralized exchange coin. He believes it’s poised to break its all-time…
Billionaire investor Chamath Palihapitiya is betting big on the US economy. He believes a significant amount of money will flood into the US within the next two months, if two key things happen. Palihapitiya’s Predictions Palihapitiya argues that current economic forecasts are too gloomy. He points to two main factors that he believes will dramatically…
A Scranton, Pennsylvania accountant and adjunct professor, 63-year-old Margo Ann Williams, is heading to prison for her part in a massive email scam. The Scheme Williams was involved in a multi-state business email compromise that netted $800,000 between December 2022 and July 2023. Hackers targeted five victims – a church, two businesses, a non-profit, and…
President Trump’s financial disclosures reveal a significant income source: his family’s cryptocurrency venture. A Crypto Fortune The New York Post reports that Trump earned over $57 million from his involvement in World Liberty Financial (WLFI), a decentralized finance platform. This represents one of his largest income streams in the past year. Family Affair WLFI, launched…
Bitcoin’s price has been pretty flat lately, bouncing around without much upward momentum. It briefly poked above $105,000 a few times but couldn’t hold the gains. This lack of movement comes as the crypto world deals with the ongoing Middle East situation. Investor Sentiment Turns Sour On-chain data paints a picture of weakening bullish sentiment….
Brazil just made crypto investing a bit more expensive. They’ve simplified their crypto tax system, ditching the old tiered system for a flat 17.5% tax on all profits. Goodbye, Tax Breaks Previously, Brazilians could sell up to R$35,000 (around $6,300) worth of crypto each month tax-free. That’s gone now. Everyone pays the same 17.5% tax…
