Elections and Stimulus Former Goldman Sachs executive Raoul Pal believes that the upcoming elections and stimulus packages in the US and around the world will have a positive impact on the crypto industry. Pal explained that politicians tend to distribute stimulus packages during elections, leading to higher inflation and increased prices for digital assets. China,…
A leading crypto analytics firm, Santiment, is cautioning that the digital asset markets may soon experience a corrective move. Altcoin Interest Spikes Santiment observed a surge in interest in altcoins on social media platforms during the recent market rally. Mentions of “alt,” “altcoins,” and “altcoin” spiked towards the end of last week, indicating growing excitement…
Shiba Inu Breaks Out of Downtrend Shiba Inu (SHIB), the popular meme token, recently broke out of a downtrend that had lasted since December 2023. This breakout suggests a potential for significant gains in the coming months. Historical Data and Past Performance Analyzing SHIB’s price movement in 2023 reveals a pattern of downtrends followed by…
Whales Accumulate 140,000 BTC in Three Weeks Bitcoin whales, investors holding between 1,000 and 10,000 BTC, have been on a buying spree. In the past three weeks, they’ve added more than 140,000 BTC (equivalent to $6.16 billion) to their holdings. This brings their total Bitcoin holdings to 4.84 million BTC. Institutional Interest Coincides with Whale…
MicroStrategy, a business intelligence company, has recently increased its Bitcoin holdings, resulting in a significant unrealized profit. The company’s bet on Bitcoin has paid off, with its unrealized profit now exceeding $3 billion. Recent Bitcoin Price Surge Drives Massive Unrealized Profit MicroStrategy, founded by Bitcoin advocate Michael Saylor, now holds over $9 billion worth of…
A JPMorgan Chase customer, Avalon Grimes, lost her life savings when she fell victim to a phone scam. The scammer used a technique called spoofing to mimic Chase’s actual phone number and convinced Grimes to transfer her money to another account. Apple’s Response Apple has responded to the incident by removing a group of apps…
A small-cap altcoin, COTI, has seen a significant surge in value, rising over 40% in the past 24 hours. This surge is attributed to the project’s recent upgrade to a privacy-centric Ethereum layer-2 (L2) blockchain. Privacy-Centric Upgrade The development team behind COTI, a decentralized payments platform, announced the successful upgrade of the project to become…
Florida is holding a staggering $2.7 billion in unclaimed assets on behalf of its residents. The state defines “unclaimed property” as a financial asset that is unknown or lost, or has been left inactive, unclaimed, or abandoned by its owner. The most common types of unclaimed property are dormant bank accounts, unclaimed insurance proceeds, stocks,…
Large Ethereum Outflows Ethereum (ETH) experienced a significant outflow from centralized exchanges this week, potentially easing selling pressure on the market. IntoTheBlock, a crypto analytics firm, reported that Ethereum’s netflows, which measure the movement of ETH in and out of exchanges, showed a net outflow of over $1 billion. Lucas Outumuro, IntoTheBlock’s head of research,…
Polkadot (DOT) Michaël van de Poppe, a popular crypto analyst, believes that Polkadot (DOT) is poised for a significant rally. DOT is currently trading at $7.21, up 1.97% in the last 24 hours. If DOT can break through its immediate resistance at $9.40, van de Poppe predicts that it could surge more than 135% to…
