AI Tokens on the Rise With Bitcoin reaching record highs in March 2024, the crypto market is experiencing a bullish cycle. However, AI-based tokens are stealing the spotlight with remarkable growth. Why the Surge? ChatGPT’s GPT-4 launch in 2023 sparked interest in generative AI. Tech giants like Microsoft and Google invested heavily in AI initiatives….
Solana-Based Dogwifhat (WIF) Analyst Bluntz believes the Solana-based memecoin WIF has bottomed out after hitting a low of $1.89. Bluntz predicts a potential rally based on the Elliott Wave theory, which suggests a bullish reversal after a corrective move. Ethereum Competitor Near (NEAR) Bluntz is also optimistic about Near, an Ethereum competitor that has corrected…
Hidden Road Partners, a crypto investment firm backed by Citadel, is reportedly raising funds in a Series B equity round that could value the company at nearly $1 billion. Rise of Prime Brokerages Hidden Road, founded in 2018, offers prime brokerage services for digital assets, precious metals, and foreign exchange. The popularity of prime brokerages…
Crypto analyst Kaleo believes PancakeSwap (CAKE) is poised for a breakout. He sees the decentralized exchange (DEX) altcoin as undervalued against Bitcoin (BTC) and the US dollar. Pattern Recognition Kaleo notes a repeating pattern in CAKE’s price action since November 2023. Each upward leg has been preceded by a sharp downward wick. He believes this…
The Prisma Finance Exploit On March 28, Prisma Finance lost $12 million in a hack. The hacker, claiming to be a “Whitehat” looking out for users, demanded the team change the post-mortem report to remove accusatory terms like “exploit” and “hacker.” The Bounty Demand Unsatisfied with the team’s compliance, the hacker asked for a bounty…
While everyone’s talking about the Bitcoin halving and ETFs, there’s a serious issue brewing that could slow down Bitcoin’s growth: the explosion of token standards. Fragmented Token Standards A recent analysis pointed out the increasing number of different standards for issuing tokens on Bitcoin. BRC-20, Inscriptions, and the upcoming Runes are all competing for dominance….
Worldcoin, a company focused on human authentication, has announced the upcoming launch of World Chain, an open-source Ethereum layer-2 blockchain. This new blockchain aims to enhance the Worldcoin protocol by providing a dedicated infrastructure for its users. Identity Verification with Worldcoin Worldcoin uses iris scanning technology to create encrypted numerical codes that represent unique human…
Current Market Conditions Shiba Inu is facing challenges in the market, as Bitcoin’s price movements remain muted. This has led to a downturn in the crypto market, keeping prices low. Long-Term Outlook Despite the current dip, analysts remain bullish on Shiba Inu’s long-term prospects. Macro Third Wave Crypto analyst Crypto Cipher believes Shiba Inu is…
Liquid Mercury’s RFQ Platform Powers GFO-X Exchange Liquid Mercury, a leading crypto trading technology provider, has joined forces with GFO-X, the UK’s first regulated and centrally cleared exchange for digital asset derivatives. This partnership provides institutional traders with access to deep liquidity for trading options and futures contracts in large sizes. The RFQ (request for…
Investor Nic Carter believes Bitcoin (BTC) will reach $100,000 in 2024, despite the recent market downturn. Reasons for Optimism Carter cites several factors contributing to his bullish outlook: Institutional adoption: The approval of Bitcoin ETFs has given the cryptocurrency legitimacy and attracted institutional investors. Technological advancements: Layer-2 projects are improving Bitcoin’s scalability and functionality. Economic…
