Rising Demand The Bitcoin market is buzzing with excitement as demand for the cryptocurrency skyrockets. In the past month, monthly demand has jumped from 40,000 to a staggering 213,000 Bitcoin. This surge is driven by the launch of Bitcoin ETFs and aggressive buying by wealthy investors. Shrinking Supply On the other hand, the total supply…
Bitcoin’s Trajectory Bullish Predictions: Samson Mow: $1 million Tom Dunleavy: $100,000 Tom Lee: $150,000 Bearish Predictions: JPMorgan: $42,000 Rekt Capital: Multi-month re-accumulation Altcoins to Watch Solana (SOL): Price surge due to meme coin frenzy Predictions of up to $750 Cardano (ADA): Historically lags but has potential for a bull run Predicted to reach $11 after…
A former JPMorgan Chase executive, Kevin Chiu, has been sentenced to 48 months in prison for stealing $2.4 million from bank clients. Unauthorized Transfers According to court documents, Chiu used his position to transfer funds out of client accounts without their knowledge or consent. He stole from at least six accounts belonging to five different…
A savvy trader has made a whopping 27,600% profit after investing in a memecoin built on Ethereum’s layer-2 scaling solution, Base. According to blockchain tracker Lookonchain, the trader bought $18,000 worth of Degen (DEGEN) in January and sold a portion of it for $5 million. Massive Ethereum Sale In a separate move, a large Ethereum…
Crypto analyst Altcoin Sherpa believes Dogecoin (DOGE) is poised for a significant rally, potentially doubling or even tripling in value. Long-Term Potential Altcoin Sherpa views DOGE as a long-term investment, predicting it could surge by over 200% in the coming months. He cites its strong fundamentals, including its high market cap, liquidity, and status as…
Analyst Benjamin Cowen predicts an eventful April for the crypto market. Bitcoin Dominance and Volatility Cowen expects high volatility, particularly in altcoin pairs against Bitcoin. If Bitcoin dominance rises by 5 percentage points from its current level of 49.6%, it could signal a bearish market where altcoins lose value faster than Bitcoin. Peak Timing and…
SEC’s Challenge to XRP Ruling Fox Business journalist Charles Gasparino warns XRP investors that the SEC may overturn the previous ruling that favored Ripple. If SEC Chair Gary Gensler classifies Ethereum as a security, it could lead to a reversal of the XRP ruling. Impact on XRP Investors Gasparino believes that if the SEC overturns…
Background Custodia Bank, a digital asset bank, sued the Federal Reserve (Fed) in 2022 after the Fed delayed a decision on granting them a master account. In January 2023, the Fed rejected Custodia’s application for both membership and a master account. Custodia’s Arguments Custodia argued that they needed a master account to access the Fed’s…
Enhanced Screening Process Binance is cracking down on US traders by implementing stricter screening measures. They’re working with prime brokers like FalconX and Hidden Road to verify the location of clients’ offices, founders, and employees. This move aims to ensure compliance with regulatory expectations and exclude US investors. Stricter Token Listing Requirements Beyond client screening,…
CFTC’s Aggressive Approach Raises Concerns The Commodity Futures Trading Commission (CFTC) recently filed a lawsuit against crypto exchange KuCoin, alleging violations of banking and anti-money laundering laws. However, Commissioner Caroline Pharm warns that this action may overstep the CFTC’s authority and undermine the Securities and Exchange Commission’s (SEC) jurisdiction over securities trading. CFTC’s Interpretation of…
