Pantera Capital, a major crypto hedge fund, has reported a significant 66% gain in its Liquid Token Fund during the first quarter of 2024. Key Altcoin Positions The fund’s success is attributed to its investments in smaller market cap altcoins, including: Solana (SOL) Aevo (AEVO) Ribbon Finance (RBN) Stacks (STX) Reduced Exposure to Bitcoin and…
A Bitcoin whale holding a staggering $597,550,000 has stirred from an eight-month slumber and sent a significant amount of its coins to Binance, the world’s largest cryptocurrency exchange. Whale’s Activity According to blockchain tracking firm Lookonchain, the whale transferred 2,000 BTC ($132.41 million) to a new wallet and subsequently deposited 1,100 BTC ($74.34 million) into…
Coinbase, a major cryptocurrency exchange, has announced that it will add Tensor (TNSR) to its listing roadmap. This move comes ahead of the token’s official launch next week. Tensor: Solana’s NFT Platform Tensor is the leading non-fungible token (NFT) platform on the Solana blockchain. It will be launching its own token, TNSR, which will be…
Crypto analyst DonAlt believes that altcoins will continue to outperform Ethereum (ETH) until a major market shift occurs. ETH’s Lagging Performance According to DonAlt, ETH has been underperforming compared to other altcoins. He suggests that this trend will continue unless ETH experiences a significant decline. “Only if everything dumps can ETH outperform,” DonAlt said. “The…
Anthony Scaramucci, founder of SkyBridge Capital, believes Bitcoin has plenty of room to grow. ETF Approval Boosts Demand Scaramucci credits the approval of Bitcoin spot ETFs for attracting new investors and driving demand. These ETFs have cleared regulatory hurdles, allowing institutional money to flow into the cryptocurrency. Wall Street’s Buying Spree Scaramucci highlights Wall Street’s…
Anthony Scaramucci, a big name in crypto, is super excited about Bitcoin’s future. He thinks it’s going to skyrocket to $170,000 by the end of this cycle. Halving Event Fueling Optimism Scaramucci’s bullishness is based on past trends after halving events, where the number of new Bitcoins entering the market gets cut in half. Historically,…
Massive Selloff FTX, the defunct crypto exchange, recently sold a whopping two-thirds of its Solana (SOL) holdings for a hefty discount. The sale raised $1.9 billion for the company, which is facing a mountain of debt. Key investors like Galaxy Trading and Pantera Capital snapped up the SOL tokens at $64 each, a whopping 63%…
Crypto analyst Ali Martinez believes Polygon (MATIC) is set for a significant rally despite the recent market correction. Buy Signal on the Horizon According to Martinez, MATIC’s daily chart shows a “textbook buy signal” using the TD Sequential technical analysis. This indicator presents a red nine candlestick, indicating the start of a potential price reversal….
Stellar Returns Pantera Capital, a leading crypto investment firm, saw its Liquid Token Fund surge by 66% in the first quarter of 2024. This impressive gain was primarily driven by investments in digital assets, particularly Solana (SOL). Solana’s Contribution Solana’s value has skyrocketed in recent months, with the cryptocurrency briefly crossing $200 this week. Pantera’s…
Loan Exposures Raise Concerns Standard & Poor’s (S&P) has downgraded five regional banks due to their exposure to the struggling commercial real estate (CRE) market. The downgraded banks include First Commonwealth Financial Corp., M&T Bank Corp., Synovus Financial Corp., Trustmark Corp., and Valley National Bancorp. S&P warns that the banks’ significant loan exposure to CRE…
