Magic Money and Ethereum’s Bubble A crypto analyst warns that Ethereum’s liquid-staked tokens (LSTs) and liquid-restaked tokens (LRTs) are creating “magic money” that could lead to a market crash. These tokens are backed by nothing substantial, similar to fractional reserve banking. The analyst believes the crypto market is not equipped to handle this artificial inflation….
Cryptocurrency analyst Michaël van de Poppe believes Ethereum (ETH) and altcoins are set to gain ground on Bitcoin (BTC). Ethereum’s Rise Van de Poppe points to Ethereum’s upcoming Dencun update, which aims to lower transaction fees, and the potential approval of spot ETH exchange-traded funds (ETFs) as catalysts for its growth. He believes Ethereum has…
Smaller investors are making a comeback in the crypto market, according to a recent report by Bloomberg. This resurgence comes as Bitcoin (BTC) has rallied 25% in the past month. Positive Earnings Reports Both Robinhood and Coinbase, popular retail trading apps, reported positive earnings last week. Coinbase saw a surge in revenue and users, and…
Analyst Benjamin Cowen believes Ethereum (ETH) may be following a historical pattern that could lead to a significant price drop. Historical Precedent In the previous crypto bear market, Ethereum didn’t reach its bottom until it broke below a rising wedge pattern and retested a macro low. Cowen also noted that ETH crashed after the Ethereum/Bitcoin…
What’s the Buzz? Pixels (PIXEL), a Web3 game built on the Ronin blockchain, has skyrocketed after going live on Binance, the world’s largest crypto exchange. Details PIXEL surged from $0.47 to $0.69, a 46% increase. The token is now available for trading, farming, and other opportunities on Binance. Binance has labeled PIXEL as a “seed”…
Market Sentiment: Not Always Reliable Crypto analyst Michaël van de Poppe warns that market sentiment can be misleading. He cites examples where sentiment predicted a new all-time high for Bitcoin, but it didn’t happen. Conversely, when sentiment was negative and the price dropped to $39,000, it eventually recovered. Current Market Trends The current surge in…
Japan is opening its doors to cryptocurrencies by allowing investment funds to hold digital assets directly. Kishida’s Support Prime Minister Fumio Kishida’s government has approved a bill that will amend the Industrial Competitiveness Enhancement Act. This amendment will allow venture capital firms and investment limited partnerships to include crypto assets in their portfolios. Growing Recognition…
Major Crypto Breach Hackers targeted FixedFloat, a decentralized finance (DeFi) crypto exchange, and stole over $26 million worth of Bitcoin (BTC) and Ethereum (ETH). Stolen Funds 1700 ETH transferred to an Ethereum address $21 million worth of BTC stolen Investigation The stolen ETH was sent to an exchange that uses mixing techniques to hide the…
Worldcoin (WLD) has been making waves lately, with its value skyrocketing over 200% in a week. This AI-powered altcoin is riding the wave of excitement surrounding artificial intelligence (AI). Here are three other altcoins that could follow in WLD’s footsteps: Arkham (ARKM) The native cryptocurrency of the Arkham platform. Shown strong promise during the recent…
Whales Buy, Smaller Holders Sell Bitcoin’s largest holders are aggressively buying up the cryptocurrency, while smaller whales are selling. Wallets holding between 1,000 and 10,000 BTC have added $12.95 billion worth of Bitcoin in 2024, while wallets holding 100 to 1,000 BTC have sold $7.89 billion. Large Transactions Surge The number of large Bitcoin transactions…
