Arthur Hayes, the co-founder of BitMEX, predicts a rough ride ahead for Bitcoin, even after its recent 24% drop. He believes several factors could trigger a significant market correction. Bitcoin’s Bottom and the Domino Effect Hayes envisions a scenario where Bitcoin crashes alongside the US stock market. This downturn, he argues, would lead to the…
Solana is about to get a lot less inflationary! A proposal called SIMD 228, which aims to drastically cut inflation, has passed with around 70% of the vote. This means Solana’s annual inflation could plummet to a measly 0.92%, down from its current rate. What’s SIMD 228 All About? SIMD 228 introduces a “static curve”…
The long-running legal battle between Ripple and the SEC might finally be over. According to sources, the case is wrapping up, and a decision is expected soon. Ripple’s Fight for Favorable Terms The SEC sued Ripple in late 2020, claiming XRP was an unregistered security. This hurt XRP’s price, keeping it between $0.30 and $0.50…
Bitcoin’s price has been on a wild ride lately. But is this the end, or just a temporary dip before another big climb? Is $70K the Bottom? BitMEX co-founder Arthur Hayes thinks Bitcoin could drop to $70,000 before bouncing back. He says this is normal behavior for a bull market, not a sign of trouble….
Big Bitcoin players (whales) on Binance, the biggest crypto exchange, are changing their behavior, and it might mean good things for Bitcoin’s price. Less Selling by Whales? A crypto analyst noticed something interesting: the “whale ratio” on Binance is dropping. This ratio shows how much Bitcoin big players are moving around. A lower ratio generally…
California’s Department of Financial Protection and Innovation (DFPI) shut down 26 websites running cryptocurrency scams, uncovering losses of $4.6 million for consumers. Fighting Crypto Fraud This action is part of a larger effort to fight the rise of crypto fraud in the state. The DFPI used its “Crypto Scam Tracker,” which relies on consumer complaints,…
A well-known crypto analyst, Bluntz, is predicting a tough three years for Solana (SOL). Bluntz, who correctly predicted Solana’s price crash earlier this year, shared his forecast with his large X (formerly Twitter) following. Solana’s Bear Market Bluntz believes SOL will be in a bear market for the next two years. While he expects some…
Spain’s second-largest bank, BBVA, is getting into the cryptocurrency game. They’ve received the green light from Spain’s securities regulator to let customers buy, sell, and manage Bitcoin (BTC) and Ethereum (ETH). Crypto Trading on the Banking App This new service will be rolled out gradually through the bank’s existing app. Initially, a small group of…
Raoul Pal, a former Goldman Sachs exec and CEO of Real Vision, is predicting a big boost for Bitcoin and other cryptocurrencies. He believes a surge in global money supply will send prices soaring. Money Supply and Bitcoin: A Historical Pattern? Pal, who boasts over 1 million followers on X (formerly Twitter), points to a…
Ethereum (ETH) prices took a dive recently, dropping below $1800. This caused some panic, especially after a report suggested the Ethereum Foundation (EF) might be facing a huge liquidation risk. The Lookonchain Report and the Initial Panic An on-chain analytics service, Lookonchain, noticed a large transaction: a wallet deposited a massive 30,098 ETH (around $56…
