Ethereum (ETH) recently dipped 6% from its $3,800 high, but analysts remain optimistic about a new all-time high (ATH). Why the Dip, and Why the Optimism? According to Glassnode, the recent drop was due to long-term holders taking profits. Their analysis shows a shift in market sentiment, with investors moving from fear to confidence. Interestingly,…
Elon Musk’s recent questions about Bitcoin’s future security in the face of advancing quantum computing have sparked discussion. He used his AI chatbot, Grok, to assess the risk. Grok’s Prediction: Low Risk (For Now) Grok’s analysis suggests a very low risk of quantum computers breaking Bitcoin’s encryption in the next five years – essentially zero….
BitMEX co-founder Arthur Hayes is offloading some of his crypto holdings, predicting a market correction soon. He’s betting against the current market trend. Hayes’s Sell-Off According to reports, Hayes recently sold millions of dollars worth of Ethereum (ETH), Pepe (PEPE), and Ethena (ENA). This move suggests he’s anticipating a downturn. Reasons for the Pessimism Hayes…
A Boston car dealership owner is facing serious charges after allegedly pocketing over $1.3 million in a massive tax refund scam. The Scheme 31-year-old Jessie El-Ghoul, owner of Affordable Motor Group, is accused of depositing a forged $1.34 million tax refund check into his business account. The check, originally intended for a Canadian company, was…
Goldman Sachs is warning that the US economy is sputtering, citing a major downward revision of job growth numbers. Job Growth Numbers Revised Down Sharply The Bureau of Labor Statistics (BLS) recently slashed its June job growth figures from a previously reported 147,000 to a mere 14,000 – a massive 90% reduction. May’s numbers also…
Billionaire investor Ray Dalio claims President Trump is pushing to weaken the US dollar to handle the country’s massive debt. He says this is a major point of conflict between Trump and Federal Reserve Chair Jerome Powell. A Battle Over Money’s Value Dalio, founder of Bridgewater Associates, explained on X (formerly Twitter) that when debt…
Investing can be tough. Stocks might offer modest returns, and inflation eats away at your savings. So, where do you put your money? Some are looking at cryptocurrency, and one coin is getting a lot of attention: XRP. Why XRP? A New Legal Landscape A new law, the Genius Act, is changing the game for…
Arthur Hayes, the co-founder of BitMEX, recently sold off around $13 million worth of cryptocurrencies, including Ethereum (ETH), Pepe (PEPE), and Ethena (ENA). This sparked some interest, so let’s dive into why he might have done this. Why the Sell-Off? LookonChain reported that Hayes sold his holdings over a six-hour period. This included a significant…
Eric Trump is encouraging people to buy Bitcoin and Ethereum after their recent price drops. He thinks the current lower prices are a great opportunity to invest. Trump’s Crypto Confidence Trump, who co-founded American Bitcoin, told his followers on X (formerly Twitter) that now’s the time to buy crypto. He made a similar prediction earlier…
The US government is making a big push to become the world leader in cryptocurrency. Two key agencies, the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC), are working together to make this happen. CFTC’s “Crypto Sprint” The CFTC recently announced a new initiative called the “Crypto Sprint.” This is all…
