Circle, the company behind the popular stablecoin USDC, is reportedly looking for a buyer and wants at least $5 billion for the deal. This could mean they’re ditching their plans for an initial public offering (IPO). A Bidding War? Both Coinbase and Ripple are rumored to be interested in acquiring Circle. Fortune magazine, citing sources…
Moody’s, a major credit rating agency, recently downgraded the ratings of three banking giants: JPMorgan Chase, Bank of America, and Wells Fargo. This follows Moody’s decision to lower the US government’s credit rating from AAA to AA1. Why the Downgrades? The reason for the bank downgrades boils down to the US government’s weakened ability to…
A Veteran Takes the Lead BTCC, a major cryptocurrency exchange celebrating its 14th anniversary this June, has appointed Dan Liu as its new CEO. Liu, previously BTCC’s Chief Research Officer, brings a wealth of experience in both traditional finance and the crypto world. This appointment marks a significant step for BTCC as it looks to…
Arthur Hayes, the co-founder of the cryptocurrency exchange BitMEX, recently shared his investment strategy and some pretty daring predictions for the crypto market. He’s known for his outspoken views, so let’s dive into what he had to say. Hayes’ Portfolio: Bitcoin, Ethereum, and a Sprinkle of “Shitcoins” Hayes revealed the makeup of his family office’s…
Ethereum’s price has been doing okay, but a closer look reveals a problem: network activity is surprisingly low. Even recent upgrades haven’t boosted things as much as hoped. Weak On-Chain Engagement Data from Glassnode paints a concerning picture. While Ethereum’s price has shown some strength, the number of users interacting with the network is down….
Mystery boxes are super popular online! They’re basically surprise packages themed around things like popular movies or games. And guess what? There are tons of Harry Potter mystery boxes out there! How Do Harry Potter Mystery Boxes Work? It’s simple: you buy a box, and you don’t know what’s inside until you open it! It’s…
Charles Hoskinson, the founder of Cardano, recently went on a rant about the problems plaguing the cryptocurrency industry. He believes the issues run much deeper than just technical limitations. The Culture of Gossip and Outrage Hoskinson’s main point? The crypto industry’s biggest problems aren’t technical (like transaction speeds or block sizes). Instead, he blames a…
Solaxy ($SOLX) is making waves. This presale is ending in just 26 days, and it’s already raised a whopping $38 million! Investors are scrambling to get in before the price jumps when it lists on exchanges. Yesterday alone, over $500,000 poured in after the deadline announcement. Solving Solana’s Problems Solaxy aims to fix some major…
A well-known crypto analyst, Bluntz, is sounding a warning about Bitcoin. While Bitcoin’s price is currently high, Bluntz sees a potential bearish reversal. Bitcoin’s Potential Dip Bluntz, who correctly predicted a Bitcoin peak earlier this year, points to a bearish divergence on Bitcoin’s daily chart. This means that while the price is going up (or…
The Senate voted 66-32 to move forward with the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act), a major step towards federal regulation of stablecoins. What the GENIUS Act Does This bill aims to create a national framework for companies that issue stablecoins. Key features include: Full Asset Backing: Stablecoin issuers would…
