A crypto analyst who accurately predicted Bitcoin’s recent correction believes altcoins are about to take off. Altcoin Market Cap Surges The “OTHERS” chart, which tracks the altcoin market, has been following a pattern outlined by the analyst earlier this year. The chart suggests that the altcoin market is poised for a 42% gain from its…
Crypto investor Arthur Cheong believes Ethereum (ETH) is poised for a rally before the launch of exchange-traded funds (ETFs) for the cryptocurrency. Pre-ETF Surge Cheong predicts ETH could jump by 14% from its current value of $3,957 to $4,500 before spot ETH ETFs become available for trading. Retail Demand Cheong anticipates strong demand for spot…
A renowned crypto analyst has raised concerns about Solana (SOL), predicting a potential collapse. Distribution Phase According to the analyst, known as Credible, Solana is currently in a “distribution phase.” This means that large investors are gradually selling their holdings without causing a market crash. Potential Rally and Downtrend Credible believes that SOL may experience…
Price Target Macro strategist Henrik Zeberg predicts Bitcoin (BTC) could skyrocket over 64% to $110,000-$115,000 by the third quarter of this year. “We’re hours or days away from a big move starting again,” Zeberg said. “I think we’re going to see a very big move coming into mid-June.” Economic Outlook Zeberg also forecasts a US…
Conspiracy Charges Ryan Salame, a former high-ranking official at Alameda Research and co-CEO of FTX, has been sentenced to 90 months in prison. He pleaded guilty to conspiracy to defraud the Federal Election Commission and operate an unlicensed money-transmitting business. Illegal Political Contributions Salame conspired with Sam Bankman-Fried and Nishad Singh to make campaign contributions…
How Stablecoins Are Changing Trade Finance Russian commodity firms are using cryptocurrency, especially Tether (USDT), to bypass sanctions that have disrupted traditional banking channels. This allows them to make “fast and seamless” international transactions with Chinese companies. The Appeal of Stablecoins Stablecoins like USDT are popular because they offer: Quick and cheap transactions (5-15 seconds,…
Major Upgrade for Terra Blockchain Terra Classic developer group Genuine Labs has proposed a major upgrade for the Terra blockchain. This upgrade, if approved, could have a positive impact on the Terra ecosystem, including the price of Terra Classic (LUNC). What’s Included in the Upgrade The upgrade includes: Implementing the latest version of the Cosmos…
AI-Generated Concept Turbo (TURBO), a memecoin created using OpenAI’s ChatGPT, has exploded onto the crypto scene, reaching a market cap of $607 million. Digital artist Rhett Mankind used ChatGPT to generate the concept, tokenomics, and even the smart contract for Turbo. Community-Driven Success Mankind emphasized the community’s role in Turbo’s success, stating that his goal…
Crypto analyst Jason Pizzino has identified four altcoins showing signs of strength: Solana (SOL), Pepe (PEPE), Pendle (PENDLE), and Render (RNDR). Solana (SOL) Pizzino notes that Solana’s performance against the US dollar remains strong, holding above the 50% retracement level of $154. Pendle (PENDLE) PENDLE is seen as a potential strong performer in the next…
A US regulator has announced a $1.5 million settlement with a bank accused of deceiving and overcharging hundreds of veterans. Deceptive Practices The Federal Deposit Insurance Corporation (FDIC) claims that Bank of England in Arkansas misled veterans by: Falsely promising they could skip loan payments when refinancing VA mortgages Misrepresenting the bank’s relationship with the…
