Crypto Surge Amid Re-election Speculation Former President Donald Trump has become a crypto millionaire, thanks to a 4,000% surge in his cryptocurrency portfolio. This windfall is largely driven by the meteoric rise of the “Save America” meme coin, dubbed “TRUMP.” From Humble Beginnings to Crypto Dominance Trump’s crypto journey started modestly with $142,500 worth of…
The Case for a Spot ETH ETF A spot Ethereum (ETH) exchange-traded fund (ETF) would bring significant changes to the crypto market, similar to the approval of spot Bitcoin ETFs. It would provide regulatory clarity and attract institutional capital, boosting Ethereum’s status as a macro asset. Correlation with Futures Prices The high correlation between CME…
Senate Rejects SEC’s Controversial Proposal The Securities and Exchange Commission (SEC) has faced a major setback after the US Senate voted overwhelmingly against its proposed anti-crypto bill. Ripple’s Chief Legal Officer (CLO), Stuart Alderoty, hailed the outcome as a victory for the cryptocurrency industry. SEC’s Failed Attempt to Control Crypto In March 2022, the SEC…
Social Media Hype vs. Reality Investors in the crypto market are getting bombarded with advice from social media influencers. These influencers claim to have special insights, but a new study shows their predictions might not be worth much. Influencer Tweets: Short-Term Hype, Long-Term Losses Researchers analyzed tweets from over 180 crypto influencers. They found that…
In the wild world of cryptocurrencies, emotions run high. Unlike traditional markets, crypto prices can swing wildly based on the collective mood of traders. This makes it crucial to understand the role that fear and greed play in shaping the market. Measuring Market Sentiment The Fear and Greed Index is a tool that gauges the…
A disabled veteran, Roberto Rangel, claims that $9,100 was stolen from his USAA bank account. Despite reporting the suspicious activity, USAA refused to reimburse him and demanded he pay a $2,800 negative balance. Repeated Attempts for Resolution Rangel contacted USAA for months, but his efforts were unsuccessful. He sold his possessions to pay the balance…
Cryptocurrency analyst Rekt Capital believes altcoins are gearing up for a major rally in the second quarter of this year. Building a Foundation Rekt Capital explains that the current market consolidation is laying the groundwork for the next wave of altcoin surges. He notes that market-wide breakouts typically require periods of slow consolidation. Bitcoin’s Cycle…
Arrests Made Two brothers, Anton and James Pepaire-Bueno, have been arrested for allegedly stealing $25 million worth of cryptocurrency in just 12 seconds. The brothers, who attended the prestigious Massachusetts Institute of Technology (MIT), are accused of using their expertise in mathematics and computer science to manipulate the Ethereum blockchain. Innovative Exploit The brothers allegedly…
After disappearing from the spotlight following the FTX collapse, Sam Trabucco has resurfaced to endorse Ryan Salame, a former FTX executive awaiting sentencing. Trabucco’s Endorsement In a letter submitted to the court, Trabucco described Salame as his “funniest, most passionate, most supportive friend.” This is Trabucco’s first public communication since FTX’s bankruptcy in November 2022….
Electrical Cost vs. Miner Price Bitcoin miners are facing a situation where their revenue (Miner Price) is falling below their electricity costs (Electrical Cost). This has happened only four other times in the past decade. How Miner Price Works Miners earn revenue from block rewards (BTC) and transaction fees. Transaction fees are divided by the…
