Bitcoin’s Rise Bitcoin has been on a tear, breaking above $51,500 after a brief dip below $49,000. This surge has pushed the cryptocurrency to its highest point since December 2021. Futures Market Bloodbath The futures side of the crypto market has witnessed a bloodbath, with $221 million in liquidations over the past 24 hours. Short…
The Shiba Inu community, known as the SHIB army, has been eagerly awaiting a Valentine’s Day surprise. And now, the wait is over: the enigmatic “Sheboshis” have finally been unveiled. What are Sheboshis? Sheboshis are a new type of NFT that will complement the existing Shiboshis collection. They are expected to offer a unique experience…
Trader Joe, the DEX on the Avalanche blockchain, has dethroned PancakeSwap to become the second-largest DEX by fees generated in the past 24 hours. Key Takeaways Trader Joe processed over $142 million in trading volume on the last day, with 98% of fees coming from Avalanche-based tokens. The DEX also facilitated over $100 million in…
Cathie Wood’s Prediction Cathie Wood, CEO of Ark Invest, believes that only Bitcoin and Ethereum will get the green light for spot ETFs in the US. She thinks the Securities and Exchange Commission (SEC) will not approve funds that don’t include these two major cryptocurrencies. SEC’s Preference Wood’s prediction aligns with experts who have said…
Dave the Wave Predicts Bitcoin’s Future The crypto trader who accurately predicted the crypto market crash of 2021 believes Bitcoin (BTC) is poised to reach much higher prices. The analyst, known as Dave the Wave, shared a chart with his followers outlining a possible scenario for Bitcoin’s price over the next year or so. Bitcoin’s…
Altcoin Sherpa’s Analysis Altcoin Sherpa, a popular cryptocurrency analyst, believes that Pyth Network (PYTH) has significant upside potential despite recently reaching an all-time high. According to Sherpa, coins trading in price discovery territory often experience strong uptrends due to a lack of resistance. Pyth Network (PYTH) PYTH is currently trading near its ATH, presenting an…
Key Points: MicroStrategy’s founder, Michael Saylor, attributes the surge in Bitcoin demand to the approval of spot market Bitcoin exchange-traded funds (ETFs) in the US. Saylor believes that there is a significant amount of pent-up demand for Bitcoin, with investors waiting for the approval of ETFs to gain access to the asset. Spot market Bitcoin…
34 Trillion Reasons to Believe in Bitcoin Mike Novogratz, CEO of Galaxy Digital, has expressed his unwavering confidence in the future of Bitcoin (BTC), citing the growing US debt as a key reason for his optimism. Novogratz points out that the US government is currently paying billions of dollars per day just to pay the…
SEC’s Actions Resemble a ‘Police State’ Stuart Alderoty, Ripple’s Chief Legal Officer (CLO), has strongly criticized the US Securities and Exchange Commission (SEC) under the leadership of Gary Gensler. Alderoty’s criticism stems from the SEC’s actions in the DEBT Box case, where the SEC obtained a Temporary Restraining Order (TRO) against DEBT Box and then…
Angel Drainer’s Phishing Scheme Blockaid, a Web3 security firm, recently reported a major security breach involving the notorious phishing group Angel Drainer. The group targeted 128 crypto wallets and successfully drained them of their funds, amounting to over $403,000. The attack began on February 12th at 6:41 am when Angel Drainer deployed a Safe Vault…
