Binance’s Proof of Reserves Binance, the largest crypto exchange, recently released its latest Proof of Reserves (PoR) report. This report shows how much crypto they hold for their users. Shiba Inu Holdings The report reveals that Binance holds over 65 trillion Shiba Inu (SHIB) tokens. This means that for every SHIB that users have on…
Billionaire investor Mike Novogratz predicts a bright future for Bitcoin and precious metals due to the Federal Reserve’s potential rate cuts. Rate Cuts Boost Liquidity, Benefit Bitcoin Novogratz believes that rate cuts will increase liquidity, making Bitcoin more attractive to investors seeking a safe haven during economic uncertainty. He views Bitcoin as a store of…
Arthur Hayes, founder of BitMEX, warns that the upcoming Bitcoin halving could lead to a temporary slump in the crypto market. Reasons for the Warning Hayes believes that the current macroeconomic conditions, combined with the widely anticipated bullish sentiment surrounding the halving, could create a perfect storm for a sell-off. He argues that when market…
According to Tom Lee, founder of Fundstrat Global Advisors, the stock market is poised to continue its rally due to easing inflation and investor caution. Inflation on the Decline Lee believes inflation is falling faster than expected, which will allow the Federal Reserve to cut interest rates this year. This will benefit the stock market…
Legendary trader Peter Brandt sees a familiar pattern in Bitcoin’s recent behavior, suggesting a potential rally to $80,000. However, he warns of a correction afterward, a common occurrence in Bitcoin bull markets. Bitcoin’s Bullish Momentum Brandt’s chart analysis shows a diagonal resistance level that Bitcoin is threatening to break. This could trigger a rally, pushing…
Key Findings The latest US Consumer Price Index (CPI) data shows inflation is rising faster than expected. Both headline and core inflation rates increased by 0.4% month-over-month. Year-over-year core CPI remains at 3.8%. Market Reactions The crypto market reacted with a swift downtrend, with Bitcoin (BTC) initially dropping by 2.7%. Altcoins have also seen significant…
The crypto market is getting wrecked, with Bitcoin dropping below $70,000. And meme coins like Dogecoin and Shiba Inu aren’t immune. Big Drop for Meme Coins Both Dogecoin and Shiba Inu have lost over 5% in the last 24 hours. Why? Because the crypto market follows Bitcoin’s lead. When Bitcoin goes down, everything else goes…
The Naming Confusion Ripple and XRP have a shared history. XRP was once known as “ripples” before its current name. This has led to confusion, with some people mistakenly believing they are the same thing. The recent debate about the naming issue started when Australian attorney Bill Morgan pointed out that the Australian Crypto Convention…
Grayscale Investments’ CEO, Michael Sonnenshein, says that the company’s Bitcoin Trust (GBTC) is reaching a balance point after a period of heavy outflows. Outflows Easing GBTC has seen over $15 billion in outflows in the past three months. However, the rising value of Bitcoin has helped to cushion Grayscale’s assets under management (AUM), which have…
Decentralized Trading with CEX Features Raindex, a new desktop app on the Flare blockchain, is shaking up the trading game. It combines the advantages of both centralized exchanges (CEXs) and decentralized exchanges (DEXs), giving users the best of both worlds. Key Features: Intents-Like Architecture: Set your desired trade outcomes without specifying how they’re executed. Advanced…
