Grayscale, a big player in the crypto world, just sent a huge chunk of Ethereum (ETH) to Coinbase Prime. This is the second time in a few days they’ve done this, totaling over $700 million worth of ETH. Why is Grayscale selling? It’s not entirely clear, but it could be related to the recent launch…
A “Big Short” investor, who famously predicted the 2007 housing market crash, is now bullish on Bitcoin. He believes the US dollar is losing value, and Bitcoin is a good way to protect your money. Dollar Debasement is Driving Bitcoin Investment Vincent Daniel, co-founder of Seawolf Capital, says he’s holding onto Bitcoin because he thinks…
Anthony Scaramucci, founder of Skybridge Capital, believes that clear regulations could be the key to unlocking the next crypto bull market. Washington Lobbying for Crypto Scaramucci, along with other industry leaders like Mark Cuban and Michael Novogratz, recently met with officials in Washington D.C. to discuss the potential dangers of the current hard-line approach to…
Donald Trump is back in the game, and he’s making some big promises about crypto. At the Bitcoin Conference in Nashville, he laid out his plans to make the US a crypto powerhouse. Gensler Out, Crypto In Trump’s first order of business? He’s going to fire Gary Gensler, the current head of the SEC, on…
With the US elections looming, Democrats are feeling the heat from Republicans who are increasingly embracing cryptocurrency. To counter this, a group of Democratic lawmakers and candidates are pushing the Democratic National Committee (DNC) to change its stance on crypto. Democrats See Crypto as a Growing Force In a letter to DNC Chairman Jamie Harrison,…
The launch of spot Ethereum ETFs was a big deal in the crypto world, but the initial hype hasn’t translated into consistent success. Outflows Dominate the First Week The first week of trading saw a net outflow of $341 million from the new Ethereum ETFs. While the first day saw a solid inflow of $106.8…
The crypto market is on the rise, and analysts are looking for the best bets. Santiment, a crypto analytics firm, has identified some potentially bullish altcoins based on their market value-to-realized-value (MVRV) Z-score. What is MVRV Z-score? This metric helps determine if an asset is undervalued or overvalued. A low score suggests an asset is…
Former President Donald Trump has unveiled a bold plan to make America the “crypto capital of the planet” if he’s re-elected. He’s promising a complete overhaul of US Bitcoin and crypto policy, with a focus on promoting the industry and protecting its interests. Bitcoin Stockpile and Gensler’s Fate Trump says he’ll fire Securities and Exchange…
A recent survey by CoinGecko, a popular crypto data platform, shows that a lot of people in the crypto world are betting big on Bitcoin. Bitcoin Bullish Over 40% of the 2,500+ people surveyed think Bitcoin will reach a whopping $100,000 in this current market cycle. That’s a big jump from its current price of…
Singapore’s government has released a report on terrorism financing, and they say that while cash is still the main way terrorist groups get money, cryptocurrencies are becoming more popular. ISIS Still a Major Threat The report focuses on the threat posed by ISIS, saying they are still a major player in the global terrorism landscape….
