Despite the recent crypto market decline, PEPE coin has remained resilient, trading above key technical indicators. Technical Analysis 100-Day SMA and Trendline:PEPE has consistently traded above its 100-day Simple Moving Average (SMA) and trendline, indicating a positive trend. RSI Indicator:The 4-hour RSI is above 50, suggesting bullish sentiment. However, a divergence between price and RSI…
Tron’s decentralized finance (DeFi) ecosystem is on a roll, surpassing a whopping $21.7 billion in total value locked (TVL). This surge indicates a thriving DeFi scene on the Tron blockchain. DeFi Haven for Crypto Investors TVL is a key measure of DeFi activity, reflecting the amount of crypto assets deposited in DeFi protocols. Tron’s TVL…
SEC Enforcement Fails to Protect Investors Mark Cuban, the billionaire investor and crypto enthusiast, has slammed SEC Chairman Gary Gensler for the agency’s aggressive approach to regulating the crypto industry. Cuban argues that the SEC’s actions have not protected investors from fraud but have instead stifled legitimate crypto businesses. Urgent Need for Crypto Legislation Cuban…
Economists Are Often Wrong Despite being presented as experts, economists have repeatedly made inaccurate predictions. For example, they claimed inflation was “transitory” and dismissed concerns about government spending leading to inflation. The Failure of Keynesian Economics Keynesian economics, once widely taught, has proven to be flawed. It suggests that government spending can stimulate economic growth,…
Banking giant JPMorgan Chase has disclosed that it holds approximately $760,000 worth of spot Bitcoin ETFs on behalf of its clients. Portfolio Breakdown The exposure is distributed across several Bitcoin ETFs, including: BlackRock’s iShares Bitcoin Trust (IBIT) ProShares Bitcoin Strategy ETF (BITO) Fidelity’s Wise Origin Bitcoin Fund (FBTC) Grayscale Bitcoin Trust (GBTC) Bitwise Bitcoin ETF…
Background Wells Fargo, a leading US bank, has disclosed that it now holds a spot Bitcoin exchange-traded fund (ETF) on behalf of its clients. This move signals a shift in the bank’s stance towards digital assets. Grayscale Bitcoin Trust (GBTC) The ETF held by Wells Fargo is the Grayscale Bitcoin Trust (GBTC), which was converted…
Binance, a leading cryptocurrency exchange, is set to launch trading support for NOT, a token associated with the popular Telegram-based game Notcoin. Launchpool Farming From May 13th to 16th, Binance users can stake BNB and FDUSD in separate pools to earn NOT tokens. The exchange will list NOT on May 16th. Seed Tag Binance will…
Ethereum gas fees have plunged to their lowest level in over two years, making it much cheaper to use the network. Dencun Upgrade Reduces Fees The Dencun upgrade has optimized network usage, leading to a significant drop in transaction fees. Asset swaps, cross-chain bridging, and NFT minting are now much more affordable. Impact on Ethereum’s…
Wells Fargo Invests in Bitcoin ETFs Wells Fargo, the third-largest bank in the US, has invested in various spot Bitcoin ETFs, including: Grayscale Bitcoin Trust (GBTC) ProShares Bitcoin Strategy futures ETF Shares in Bitcoin Depot Inc. This move signifies a growing trend among traditional financial institutions to invest in Bitcoin through regulated ETFs. BNY Mellon…
Ethereum’s Recent Struggles Ethereum has been struggling to recover its momentum from early 2024, hovering around $3,000. However, one trader believes that the coin’s current dip is a buying opportunity. Reasons for the Bearish Sentiment Sharp losses in mid-April Rejection from $2,800 Concerns about Bitcoin’s layer-2 ecosystems Potential SEC classification as a security Competition from…
