Venture capitalists are jumping back into the crypto market, and Paradigm is leading the charge. Raising Big Money Paradigm, co-founded by Coinbase’s Fred Ehrsam and Sequoia’s Matt Huang, is looking to raise a whopping $750 million to $850 million for its latest crypto fund. If successful, it would be the largest such fund since the…
Distribution to New Investors According to Glassnode, long-term Bitcoin (BTC) holders are selling their coins to new investors entering the market. This trend is driven by Bitcoin’s recent price surge, which has encouraged profitable holders to distribute their wealth to newer investors. Realized Cap at Record High Glassnode’s Realized Cap metric, which tracks the price…
Despite a recent market dip, Bitcoin’s sentiment remains surprisingly optimistic. Crypto analytics platform Santiment reports that investors are confident in a quick recovery. Positive Sentiment Santiment’s analysis shows a prevalence of positive terms related to buying and bullish sentiment on social media, such as #buy and #bullish. This suggests that many investors see the current…
Teenagers Involved in Crypto Trade Dispute Three teenagers in Hong Kong were arrested after allegedly beating a 19-year-old over crypto trading profits. The victim was reportedly detained and assaulted in a hotel room by nine individuals. The attackers demanded HK$180,000 (approximately $23,000) in profits. Crypto Trading Meeting Gone Wrong The teenagers had arranged a meeting…
Whale Buyout According to data from Santiment, whales (investors with at least $5 million in crypto) have been rapidly buying up stablecoins. Over the past three weeks, they’ve acquired around 5% of the supply of major stablecoins like Tether (USDT), USD Coin (USDC), and Dai (DAI). Reasons for Accumulation There are two possible reasons for…
Mandatory Registration for Crypto Providers Argentina’s financial regulator has launched a new registry for crypto service providers. All crypto exchanges and other companies operating in the country must now register with the Comisión Nacional de Valores (CNV). Timing with FATF Visit The CNV timed the launch of the registry with a visit from the Financial…
Ethereum to Reach New Heights Cryptocurrency trader Criptopaul believes Ethereum (ETH) is set to hit new all-time highs within the next 30 days. Historically, Ethereum has outperformed Bitcoin during the month of the Bitcoin halving, when miners’ rewards are cut in half. The next halving is expected to occur around April 19th. Altcoin Rally on…
Venture capitalist Chris Burniske predicts that Solana (SOL) is poised to reach a new all-time high. Burniske, who accurately predicted the crypto market bottom in 2022, believes SOL is nearing its previous peak of $259.96 set in November 2021. Outperforming BNB Burniske also anticipates that Solana will overtake BNB (BNB) as the third-largest crypto asset,…
Analyst Rekt Capital predicts that Bitcoin (BTC) is close to breaking its all-time high. Breakout Process Bitcoin has already completed the first step by closing above $69,000 last week. The final step involves converting the resistance level into support. Key Altcoins Rekt Capital also highlights three altcoins showing bullish signals: Solana (SOL): Forming a bullish…
Schiff’s Perspective: Gold Over Bitcoin Peter Schiff, a renowned economist, believes that gold is a better investment than Bitcoin. He argues that: Bitcoin experienced a sharp price drop of over $3,000 in a short time, while gold showed a modest gain. Bitcoin lacks transparency, as platforms like CNBC promote it while ignoring gold’s performance. Bitcoin’s…
