Interest Rate Jitters Fuel Fund Outflows Last week, crypto investment funds saw a massive $206 million exodus, as investors grew anxious about the Federal Reserve’s potential interest rate hikes. Bitcoin ETFs and Market Volume Take a Dive Bitcoin ETFs in the US experienced a whopping $204.3 million in outflows. Global exchange-traded products saw a drop…
Whale on the Move A massive crypto whale holding nearly half a billion dollars in Ethereum (ETH) has been withdrawing funds from exchanges. The whale, identified by blockchain tracker Lookonchain, has moved ETH from Binance and decentralized exchanges (DEXes). Whale’s Massive Accumulation In just two weeks, the whale has amassed approximately $405.19 million worth of…
A popular crypto trader believes that Heroes of Mavia (MAVIA), a play-to-earn game built on Ethereum, has the potential to perform as well as Axie Infinity (AXS) did in 2021. MAVIA: The Next Axie Infinity? Pseudonymous trader Criptopaul shared his bullish sentiment with his followers, stating that MAVIA has the backing of top venture capital…
Ethereum Rally Crypto trader Inmortal believes Ethereum (ETH) is poised for a rally after bouncing off support near $2,900. He predicts ETH could reach $3,600, currently trading at $3,226. Seedify.Fund (SFUND) Inmortal is bullish on SFUND, a blockchain gaming incubator and launchpad. He expects a significant surge once SFUND breaks the $3 level. Currently trading…
Anthony Scaramucci, a renowned hedge fund manager, believes Bitcoin’s market capitalization will eventually exceed the $16 trillion valuation of gold. Scaramucci’s Rationale In a recent interview with CNBC, the founder of SkyBridge Capital stated that Bitcoin is an exceptional asset that has no historical precedent in human history. He emphasized Bitcoin’s immutability, decentralization, and scalability…
Fundraising Success The Shiba Inu team has raised $12 million through the sale of their TREAT token. This funding round was led by Animoca Brands and supported by several other investors. Fund Allocation The funds raised will be used to develop the team’s new Layer 3 blockchain and enhance their existing Layer 2 solution, Shibarium….
Halving and Runes Shake Up Miner Revenues The recent Bitcoin Halving, where miner rewards are halved every four years, coincided with the launch of Runes, a new protocol for creating fungible tokens on Bitcoin. Runes vs. Ordinals Runes differ from Ordinals, which “inscribe” data onto Bitcoin, by creating interchangeable tokens. This simplicity makes Runes more…
The Terra community is considering two important proposals that could shape the future of the Terra Classic ecosystem. Proposals Under Consideration Reduce Maximum Block Size: This proposal aims to reduce the maximum block size from 5 MB to 2 MB to prevent spam and improve network stability. Increase Gas Fees: This proposal suggests increasing gas…
The world of crypto and decentralized finance (DeFi) has a new scandal on its hands: ZKasino. This gambling platform promised anonymity and high stakes, but now faces accusations of fraud and deception. Accusations of Fraud In March, ZigZag, a rival exchange, accused ZKasino of: Lying about its funding Diverting funds for personal use Failing to…
Render (RNDR) Crypto strategist Altcoin Sherpa believes Render (RNDR) could fall to $6 before rebounding. He suggests buying at current levels or lower for a potential profit. Bittensor (TAO) Altcoin Sherpa predicts a drop for Bittensor (TAO) to $400, the 0.50 Fibonacci level. He advises watching for a potential support level at that point. Prom…
