Half a Trillion Added Since January The US national debt has skyrocketed by over $582 billion since the beginning of 2024, according to Treasury data. This staggering increase has brought the total debt to $34.5 trillion. Interest Payments Surpass Spending Interest on the debt now exceeds spending on both national defense and Medicare. This has…
Analyst Kaleo believes the crypto market is about to take off again. He says Bitcoin (BTC) is building up strength after the recent halving and could hit $200,000. Ethereum’s Future Kaleo also sees big things for Ethereum (ETH), predicting it could reach $12,000. Altcoin Mania As Bitcoin and Ethereum rise, Kaleo says other cryptocurrencies (altcoins)…
Investigation and Findings Hong Kong’s Privacy Commissioner investigated Worldcoin’s operations and found they violated data protection principles. The project collected participants’ iris scans without proper consent and transparency. The privacy notice and consent form were not available in Chinese, and operators failed to explain the policies. Collection of Biometric Data Worldcoin used iris scans to…
Bitcoin Realized Cap Slowdown Glassnode, an on-chain analytics firm, reports a slowdown in Bitcoin demand. The Realized Cap, which estimates the total capital invested in Bitcoin, has recently lost momentum. Reduced Capital Inflow Glassnode’s chart shows that the rate of new capital flowing into Bitcoin has decreased significantly. This indicates a lower demand for the…
Court Ruling A Florida court has overturned a ban on Binance, the world’s largest cryptocurrency exchange. The court found that state regulators had not followed proper procedures when they suspended Binance’s operations in the state. Binance’s Legal Victory The ban, imposed in November 2023, came after Binance’s former CEO pleaded guilty to federal finance charges….
Surge in Trading and Net Inflows Hong Kong’s Ethereum ETFs have seen a massive increase in activity, with the ETF from ChinaAMC receiving over $640,000 in net inflows by Wednesday afternoon. This surge follows a record-breaking $3.77 million inflow on Tuesday, driven by anticipation of similar ETF approvals in the United States. Record-Breaking Trading Volumes…
An on-chain analyst known as Checkmate predicts that Bitcoin (BTC) could be on the verge of a “euphoric bull” phase. Key Indicators Checkmate observes that Bitcoin is approaching a “decision point” where it could break through its all-time high. This has historically marked a transition to a more bullish phase. Another indicator is the MVRV…
As the cryptocurrency market rebounds, two Ethereum-based altcoins are seeing a spike in whale activity, according to market intelligence platform Santiment. Optimism and Chiliz Surge Optimism (OP) and Chiliz (CHZ) are witnessing increased interest from deep-pocketed investors. Santiment notes that large traders’ activity often foreshadows significant price volatility and potential reversals. Optimism is currently trading…
Bull Market Ends This Year Economist Henrik Zeberg warns that a major recession is likely in 2025. He predicts that risky investments like stocks and crypto will continue to rise in the coming months. However, he believes that this bull market will end abruptly later this year, as investors become overly optimistic. Fed’s Intervention Will…
A renowned crypto trader, known for accurately predicting market movements, believes Bitcoin (BTC) is poised for a significant breakout. Bullish Megaphone Pattern According to Dave the Wave, a pseudonymous analyst, Bitcoin is forming a bullish megaphone pattern, characterized by two higher highs and two lower lows. This pattern suggests a potential 50% surge to around…
