Inflows Surge to $13.8 Billion Global crypto funds have seen record-breaking inflows this year, reaching $13.8 billion. This surge reflects growing investor confidence and interest in digital assets. Investor Appetite for Crypto Products The inflow surge is driven by increased demand for crypto investment products from asset managers like BlackRock, Fidelity, and Grayscale. Investors are…
Montenegro’s Ruling Montenegro’s Supreme Court has overturned earlier decisions to extradite Do Kwon to South Korea. This reversal comes after the US successfully argued for Kwon’s extradition to face fraud charges related to the collapse of TerraUSD. US Prosecution Efforts The US has been pursuing Kwon’s extradition to prosecute him for fraud. A federal jury…
Minneapolis Federal Reserve President Neel Kashkari has expressed skepticism about Bitcoin, stating that it lacks a genuine purpose and poses risks to investors. No Practical Use Kashkari compared Bitcoin to Beanie Babies, arguing that its value could plummet to zero. He emphasized that it serves no practical function beyond entertainment and speculation. Consumer Safety Concerns…
Crypto analyst Ali Martinez suggests a contrarian strategy for Solana (SOL) despite its recent setbacks. Solana’s Consolidation and Network Issues Solana has been consolidating since reaching its yearly high, and recent network outages have dampened investor sentiment. However, Martinez believes this could present an opportunity for a rebound. Cardano’s Whale Activity Slowdown Martinez also notes…
Demand Soars to 2021 Highs Data from IntoTheBlock shows that the combined value of memecoins has skyrocketed to $56 billion in the first quarter of 2024. This represents a threefold increase since Q1 2023. Memecoin Winners Leading the charge are Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE). DOGE saw a 100% gain, while SHIB…
A Bitcoin whale that had been inactive for a decade has suddenly come to life, transferring a massive amount of cryptocurrency. Dormant Whale Awakens The whale, whose address begins with “1CLx,” first purchased Bitcoin when it was trading at less than $30. After 10 years of inactivity, it has now transferred 246 BTC (approximately $16.73…
Rare Technical Pattern A crypto analyst has spotted a rare pattern in Bitcoin’s price movements that suggests a significant surge in the coming months. According to the analyst, when Bitcoin’s price closes above the upper Bollinger bands for two consecutive months, it has historically doubled within three months. This pattern has been observed in 2013,…
Bitcoin (BTC) has dipped below $70,000 after a brief surge above that mark. This suggests that bears are still in charge, and that could continue this week. Here’s what to keep an eye on: Pre-Halving Retrace Analysts believe the pre-halving retrace, a typical price drop before Bitcoin’s halving event, may be over. However, the cycle…
The Halving and Its Impact on Mining The Bitcoin halving is an event that occurs every four years, where the reward for mining a block is cut in half. This reduces the supply of new Bitcoins entering circulation, which can impact the value of the cryptocurrency. Mining Costs Post-Halving With the halving approaching, mining costs…
Bill Morgan, a lawyer and entrepreneur, has addressed the rumors that Ripple is dumping XRP to manipulate its price. No Evidence to Support Claims Morgan debunks these claims, stating that there is no evidence to suggest that Ripple is intentionally dumping XRP to suppress its price. McCaleb’s XRP Sales Jed McCaleb, a co-founder of Ripple,…
