Technical Analysis Suggests Upside Potential Guy Turner, host of the popular YouTube channel Coin Bureau, believes that Fantom (FTM) has significant upside potential. He points to a technical pattern on the weekly chart that resembles a “head and shoulders” pattern, which typically indicates a bullish trend. Turner predicts that FTM could rally as high as…
Jack Mallers, CEO of Bitcoin wallet and payments app Strike, predicts that Bitcoin could hit a staggering seven-figure price in the coming months. Bold Price Target In an interview with Anthony Pompliano, Mallers stated that Bitcoin could rise by 260% to 1,357% from its current value of around $68,653. “I think we’re still so early…
Deceptive Chats and Illusory Profits South Korean police have arrested 19 individuals linked to a deceptive “crypto reading room” scam. The gang operated a chat room on platforms like Telegram and KakaoTalk, posing as crypto experts and providing seemingly valuable tips. Victims were lured into investing in fake crypto exchanges that housed unlisted coins. Bogus…
Coinbase’s Appeal Request Coinbase is facing a legal battle with the SEC over whether its staking program constitutes an investment contract. Coinbase believes this is a critical legal question that should be addressed by an appellate court. SEC’s Response The SEC argued that the existing Howey Test is sufficient to determine whether a digital asset…
Bitcoin ETFs on a Roll Bitcoin exchange-traded funds (ETFs) have been on a tear for eight straight days, with over $150 million in net inflows on a single day. This surge shows that investors are flocking to Bitcoin ETFs, making cryptocurrency more accessible and accepted in traditional markets. Ethereum ETFs on the Horizon The excitement…
Whales Go on a Buying Spree Following rumors of an Ethereum ETF approval, Bitcoin’s price briefly touched $70,000. Despite the SEC’s approval, BTC fell back below $70,000. However, recent data suggests a possible recovery. Crypto analyst Ali Martinez reports significant buying activity among “whales” (large investors). These whales have purchased over 20,000 BTC ($1.34 billion)…
A bank employee has been indicted by the U.S. Department of Justice (DOJ) for allegedly stealing over $2.1 million from customers. Unauthorized Transactions and Illicit Accounts Yue Cao, of Winfield, Illinois, is accused of creating a network of unauthorized transactions and illegal accounts to siphon funds from victims. He allegedly targeted elderly customers who had…
Axie Infinity (AXS), a blockchain gaming altcoin, is showing signs of a potential surge, according to crypto trader Ali Martinez. Inverse Head-and-Shoulders Pattern Martinez analyzed AXS’s weekly chart and identified an inverse head-and-shoulders pattern. This pattern suggests that AXS could rise to $13, a 73% increase from its current price of $7.49. A further breakout…
Spot market Bitcoin exchange-traded funds (ETFs) have seen a remarkable nine-day streak of inflows, totaling over $1.75 billion. Daily Inflows Since May 14th, BTC ETFs have consistently received positive inflows, with May 15th and May 21st witnessing the largest gains of $303 million and $305.7 million, respectively. Grayscale Outflows The only exception to this trend…
Binance, the popular crypto exchange, has announced that it will soon support a new DeFi altcoin on its Megadrop token launch platform. What is Megadrop? Launched in April, Megadrop is a platform that gives users early access to assets that are not yet listed on Binance’s exchange. It features airdrops and Web3 quests to engage…
