Lawsuit Sparks Debate Consensys, a blockchain software company, has sued the SEC, claiming that Ethereum (ETH) is not a security. This has raised questions about the SEC’s regulatory approach to cryptocurrencies. Consensys’ Unrealistic Demands Consensys is asking the court to declare that: ETH is not a security. Any SEC investigation or enforcement related to ETH…
Shibarium’s Surge Shiba Inu’s layer-2 network, Shibarium, has seen a huge boost in activity. The number of active accounts jumped by over 144% and new transactions skyrocketed. This is great news for SHIB, as Shibarium plays a key role in its success. ShibaSwap’s Expansion ShibaSwap, SHIB’s decentralized exchange, is expanding to Shibarium. This should bring…
Coinbase, a major crypto exchange, has added support for the Bitcoin Lightning Network, making Bitcoin transfers faster and cheaper. Instant and Affordable Transactions Before this integration, Bitcoin transfers on Coinbase took a long time (10 minutes to 2 hours) and were expensive. However, the Lightning Network, which operates on top of the Bitcoin blockchain, allows…
Former Goldman Sachs exec Raoul Pal predicts that two crypto subsectors will see crazy valuations during the upcoming “crypto summer.” AI and Tokenized Real-World Assets Pal believes altcoins related to artificial intelligence (AI) and tokenized real-world assets (RWA) will skyrocket. During crypto summer, prices and trading volume typically surge. Ethereum and Solana to Outperform Pal…
Two wallets whitelisted for the memecoin Brett (BRETT) on the Base layer-2 scaling solution have made incredible gains of 30,830x. Whitelisted Wallets According to crypto tracker Lookonchain, the wallets spent $102 to buy 172.56 million BRETT in February. They later sold 122.74 million BRETT for $3.14 million, resulting in the massive gains. Brett’s Role Brett…
Crypto analyst Benjamin Cowen believes Ethereum (ETH) and other altcoins are nearing a significant market downturn. Ethereum’s Final Push Cowen suggests that ETH may experience a brief upward surge before a sharp decline. He emphasizes that a sustained break above the bull market support band is crucial for confirming a bullish trend. Altcoin Patterns Cowen…
Seasoned trader Peter Brandt believes Bitcoin (BTC) has a 25% chance of reaching $160,000 in this market cycle. Brandt’s Timeline Brandt predicts the current bull market will continue until the fourth quarter of 2025. He based this on a chart that showed Bitcoin took 525 days to rise from $16,000 to $50,000. Using this timeframe,…
Charges and Plea Changpeng Zhao (CZ), the founder of Binance, is facing sentencing for money laundering on the exchange’s platform. He pleaded guilty in November, marking a major development in the case. Prosecution’s Request Prosecutors are seeking a three-year prison sentence, claiming CZ’s crimes violated US law on a large scale. Defense’s Request CZ’s defense…
Sluggish Debut Hong Kong’s spot Bitcoin and Ethereum exchange-traded funds (ETFs) have had a lackluster start, with trading volumes falling short of expectations. Despite large initial issuance sizes, market interest has been subdued. Low Trading Volumes The ChinaAMC Bitcoin ETF, Harvest BitcoinSpot ETF, and Bosera HashKey BTC ETF saw modest trading volumes on their first…
Hong Kong’s Crypto Ambitions Hong Kong has made a big move in the crypto world by launching Asia’s first Bitcoin and Ether ETFs. This shows the city’s desire to become a global hub for digital assets. Bitcoin’s Dominance Bitcoin, the most popular cryptocurrency, has seen a surge in investor interest this year. The launch of…
