Matt Hougan, the chief investment officer at Bitwise, a digital asset firm, thinks the recent pro-crypto stance from the Securities and Exchange Commission (SEC) is incredibly positive for the crypto market. He called a recent speech by SEC Chair Paul Atkins the most bullish statement he’s ever seen on crypto. This shift, he says, hasn’t…
A popular crypto analyst, Pentoshi, predicts a bright future for Ethereum (ETH). He claims the cryptocurrency is experiencing incredibly high demand, potentially leading to a new all-time high (ATH) price. Unquenchable Demand for ETH Pentoshi, with a massive following on X (formerly Twitter), describes the current situation as “an insatiable black hole of demand.” He…
The US Congress is working on a big crypto bill, but the industry is split on which version is best. Let’s break it down. Senate vs. House: A Crypto Bill Showdown Two versions of the bill are competing: one from the House of Representatives (the CLARITY Act) and one from the Senate. Both aim to…
Ethereum’s derivatives market is heating up, and that could mean trouble—or opportunity—ahead. Open Interest Explodes The total value of open Ethereum derivatives contracts (Open Interest) just jumped by a whopping $1.9 billion, reaching $24.5 billion. That’s an 8.5% increase in a single day! This surge is much bigger than the 4% price increase ETH saw…
India’s tax authorities are getting serious about crypto taxes. They’ve sent over 44,000 notices to people who didn’t report their crypto trades on their tax returns. The Taxman Cometh The government’s tax agency, the Central Board of Direct Taxes (CBDT), is using various methods to catch tax evaders, including reassessments, audits, and even seizing assets….
Ripple is making a big move in the stablecoin world! They’re buying Rail, a Canadian payment company, for a whopping $200 million. This deal is all about boosting Ripple’s own stablecoin, RLUSD. Why Buy Rail? Rail specializes in super-fast, cross-border payments using digital dollars. They’re already handling a significant chunk (around 10%) of the global…
Billionaire Mike Novogratz, CEO of Galaxy Digital, is predicting a massive influx of cash into the Bitcoin and cryptocurrency markets. He believes this is due to an upcoming executive order from President Trump. 401(k)s Get Crypto-Friendly? A senior White House official revealed that the executive order will instruct the U.S. Secretary of Labor to review…
BlackRock, the world’s largest asset manager, is investing a whopping $1 billion in LendingClub, a California-based fintech company. LendingClub’s Big Win This massive investment will go towards LendingClub’s marketplace programs. LendingClub, based in San Francisco, offers various loan and deposit products. They cleverly acquired Radius Bank in 2020, becoming one of the first fintechs to…
Solid, a new DeFi app, is making decentralized finance (DeFi) accessible to the average person. Built on the Fuse Network, it aims to simplify crypto investing and spending. No More Crypto Complexity Solid’s goal is to remove the technical hurdles that often deter people from using crypto. It offers: Gasless transactions: No more worrying about…
Plume and Mercado Bitcoin, two major players in the Latin American crypto space, are teaming up to revolutionize how businesses raise capital and investors find opportunities. They’ve already smashed their initial goal, and now have even bigger plans. A Quick Win, and Bigger Goals Ahead In just four months, these companies successfully put $40 million…
