Crypto analyst Benjamin Cowen predicts a potential market correction in the second quarter if the Federal Reserve (Fed) begins cutting interest rates. Altcoin Performance Key Indicator Cowen believes that if altcoins, or alternative cryptocurrencies, start losing value against Bitcoin (BTC), it could signal the start of a correction due to economic pressures. He’s closely monitoring…
Investigation and Token Movement STFIL, a liquid staking platform for Filecoin (FIL), announced that its team is allegedly being investigated by Chinese police. FIL tokens staked on the platform were moved to an unknown address without the team’s authorization. The mysterious address now holds $23 million worth of FIL. Community Concerns Investors are worried about…
Demand from Long-Term Holders Data from CryptoQuant shows that demand for Bitcoin from long-term holders (HODLers) has reached unprecedented levels, outpacing the supply produced by miners. HODLers, who own “accumulation addresses” that have only purchased BTC and never sold it, are known for holding their assets indefinitely. As a result, the new supply they accumulate…
Uncertainty for Ethereum ETFs Issuers of spot Bitcoin exchange-traded funds (ETFs) are skeptical that the US Securities and Exchange Commission (SEC) will approve similar ETFs for Ethereum. SEC’s Concerns SEC Chairman Gary Gensler has emphasized that most crypto assets, including Ethereum, are subject to federal securities laws. This has raised concerns about the approval of…
Consumer Survey Raises Concerns A survey by Deutsche Bank found that people are divided about Bitcoin’s future. Some believe it could drop below $20,000, while others are more optimistic. Expert Opinions Mike Novogratz, CEO of Galaxy Digital, thinks Bitcoin will benefit from the Federal Reserve cutting interest rates. However, the timing and amount of these…
Emin Gün Sirer, CEO of Ava Labs, believes the crypto industry is significantly undervalued due to a lack of awareness about its technological advancements. Superior to Traditional Finance Gün Sirer argues that crypto and blockchain technologies surpass those used in traditional finance. He highlights the advanced features of crypto systems, such as smart contracts, lending…
Ripple CEO Brad Garlinghouse believes a surge in institutional investments will double the cryptocurrency market’s value to $5 trillion by the end of 2024. Regulatory Momentum and ETFs Garlinghouse points to positive regulatory developments and the approval of spot Bitcoin exchange-traded funds (ETFs) as key drivers of this growth. These factors have attracted institutional investors…
Former BitMEX founder Arthur Hayes has transferred over $1 million worth of GMX tokens to centralized exchanges, according to on-chain analyst EmberCN. Hayes’ GMX Holdings Hayes previously held the largest personal GMX address since 2022. On Sunday, he transferred all 237,000 GMX (worth $9.78 million) to a new address. Transfer to Exchanges The new address…
Crypto strategist Michaël van de Poppe believes Bitcoin’s current strength is a sign of its potential to reach unprecedented heights. Bitcoin’s All-Time High Pre-Halving Van de Poppe notes that Bitcoin’s recent surge above $73,000 before the halving (when miners’ rewards are cut in half) is a strong indication of its strength. He predicts that BTC…
Priority for Stakers and Holders The TokenFi team, the brains behind the FLOKI meme coin, has proposed a major upgrade to their launchpad. This upgrade, known as the “TokenFi Launchpad Supercharge Program,” aims to give priority to $TOKEN stakers and holders. How It Works The program will allow $TOKEN stakers to participate in token sales…
