A popular crypto analyst is predicting a big shift in the crypto market, suggesting altcoins are about to outperform Bitcoin. Altcoins Ready to Shine? Michaël van de Poppe, who boasts nearly 800,000 followers on X (formerly Twitter), believes the long period of altcoins underperforming Bitcoin is nearing its end. He’s basing this on the Bitcoin…
SharpLink Gaming, a gaming company chaired by Ethereum co-founder Joseph Lubin, is making a huge move into the crypto world. They’re planning to build a massive Ethereum (ETH) treasury, starting with a whopping $475 million investment. Funding the ETH Purchase To get the ETH, SharpLink is selling over 69 million shares of its stock. This…
US banks had a surprisingly good first quarter of 2024, posting massive profits thanks to a surge in non-interest income. Record Profits Despite Economic Headwinds The Federal Deposit Insurance Corporation (FDIC) reported that US banks earned a net income of $70.6 billion, representing a 1.16% return. This is a $3.8 billion (5.8%) increase compared to…
The Department of Labor (DOL) is reversing course on its 2022 decision to block digital assets from 401(k) retirement plans. This means that employers may now consider offering crypto as an investment option in their retirement plans. A U-Turn on Crypto Restrictions The DOL’s 2022 guidance strongly discouraged the inclusion of cryptocurrencies in 401(k)s, citing…
Bitcoin is getting close to what many experts think will be the final and most exciting part of this bull market. After a big price jump over the last couple of months, it’s now hanging out just below $112,000 – a crucial psychological and technical hurdle. Breaking through this could mean a massive price increase….
Bitcoin is doing surprisingly well, even with all the economic doom and gloom. While some are still bearish, one analyst, Unipcs, sees a very different picture. They’ve identified five major reasons why Bitcoin’s price is likely to keep climbing. Five Bullish Catalysts for Bitcoin Unipcs highlighted these five factors driving Bitcoin’s growth: Friendlier Regulations: The…
Cantor Fitzgerald, a major global firm, just launched a massive $2 billion loan program backed by Bitcoin. This is a big deal, especially considering the crypto lending market’s shaky past. Cantor’s Bitcoin Bet The program, rolled out over the past year, started in July 2024 with a focus on working with reliable custodians. By April…
Bitcoin might have dipped a bit lately, but good news for crypto fans: things are looking bullish again! The Coinbase Premium Index is Positive A key indicator, the Coinbase Premium Index, just went positive. This means people in the US are paying more for Bitcoin on Coinbase than on other exchanges. This usually happens when…
Weed, a new global wellness brand, is launching a platform designed to revolutionize how we think about well-being. This isn’t just another wellness app; it’s a whole ecosystem built on AI, Web3 technology, and a strong brand identity. A Holistic Approach to Wellness The company has invested over $20 million in developing this platform, aiming…
Wells Fargo is feeling optimistic about Ares Management Corporation (ARES), a major global alternative investment firm. They’ve boosted their price target. A Strong Showing Despite Market Volatility Analyst Michael Brown increased ARES’s price target from $182 to $189, maintaining a positive outlook. He cited the company’s strong performance and promising future. Ares reported a hefty…
