A well-known crypto analyst, Pentoshi, is predicting a strong rally in the crypto market this July. He cites several positive factors contributing to his optimistic outlook. Positive Market Catalysts Pentoshi highlights several bullish catalysts: Positive Economic Climate: He points to the US potentially easing monetary policies to boost economic growth. This, coupled with Bitcoin and…
Ethereum’s price has been doing pretty well lately after a rough start to the year. But a recent development might change things. ETH Moving to Binance Data shows a significant increase in the amount of Ethereum held on Binance, the world’s biggest crypto exchange. We’re talking about over 4% of all Ethereum in circulation –…
Robert Kiyosaki, author of “Rich Dad Poor Dad,” is rooting for a Bitcoin crash. He believes the recent dip isn’t a major event, but rather a buying opportunity. Clickbait and Fear-Mongering Kiyosaki calls out what he sees as clickbait headlines warning of an imminent Bitcoin collapse. He argues that these articles are designed to scare…
Japan’s Government Pension Investment Fund (GPIF), the world’s largest pension fund, just announced a massive $61.1 billion loss for the first three months of the year. This is their first loss across all investments since mid-2022. A Weak Dollar and Wobbly Markets The main culprit? A weaker US dollar. The dollar dropped 4.6% against the…
Billionaire investor Paul Tudor Jones is sounding the alarm about the potential societal fallout from artificial intelligence (AI). He believes AI’s impact could be far more disruptive than most people realize. AI’s Job-Killing Potential Jones points to a warning from Anthropic CEO Dario Amodei, who predicts AI could wipe out roughly half of all entry-level…
BlackRock’s Bitcoin ETF, IBIT, is making serious bank. Despite only being around for a year and a half, it’s already a top earner for the company. Close to the Top Bloomberg analyst Eric Balchunas tweeted that IBIT is currently the third highest revenue-generating ETF for BlackRock out of a whopping 1,197 funds. It’s only about…
A 41-year-old Nigerian national, Ehis Lawrence Akhimie, has admitted to running a massive international inheritance scam that targeted vulnerable Americans. The scheme defrauded over 400 victims out of more than $6 million. How the Scam Worked Akhimie and his accomplices sent letters to their victims, falsely claiming to represent a Spanish bank. These letters informed…
A huge chunk of Bitcoin, mined way back in 2011, recently changed hands – about $8.8 billion worth! This got everyone in the crypto world talking. Why the fuss over old Bitcoin? Let’s dive in. Why Old Bitcoin Still Matters A crypto analyst, Darkfost, explained the significance of this massive transfer. Essentially, these weren’t just…
The US Secret Service has quietly amassed a huge pile of cryptocurrency – nearly $400 million worth! Over the past decade, their Global Investigative Operations Center (GIOC) has been tracking down digital criminals and seizing their ill-gotten gains. Building a Crypto Fortune The GIOC’s success is a testament to good old-fashioned detective work combined with…
Bitcoin’s price is hanging around $108,000, pretty steady between $100,000 and $110,000. It’s a bit of a waiting game right now. Key Price Levels to Watch Crypto analyst Daan Crypto (on X) pointed out some crucial price levels based on liquidity. Data from Coinglass shows a big liquidation of leveraged Bitcoin positions around $108,000 on…
