Lummis-Gillibrand Payment Stablecoin Act On Friday, pro-crypto group Coin Center criticized the Lummis-Gillibrand Payment Stablecoin Act, calling it unconstitutional and anti-innovation. The bill aims to regulate stablecoins, which have gained popularity as a substitute for the US dollar. Key Provisions The bill requires stablecoin issuers to: Comply with anti-money laundering and sanction regulations Maintain one-to-one…
Shiba Inu (SHIB) has been on a wild ride lately. After a big jump earlier this month, it’s now taking a break. But crypto analyst Javon Marks thinks it’s about to take off again. Continued Uptrend for Shiba Inu SHIB has been on a tear, going from $0.00001178 to $0.00004456 in just a few weeks….
Bitcoin has been trying to turn things around after a recent dip. Despite failing to break its previous record of $73,833, it’s been trending down for a while. Current Situation As of now, Bitcoin is trading around $63,846, down 27% from its peak but up 0.06% in the last 24 hours. It’s currently below the…
After the Bitcoin halving, investors are debating its impact on the cryptocurrency market. Bullish Outlook Historical Trends: Past halvings have led to price increases. Reduced Supply: Halving cuts the number of new Bitcoins entering the market. Institutional Interest: Growing demand from investors through Bitcoin ETFs. Skeptical Caution Priced In: The halving may already be factored…
Deposit Exodus Two of the largest US banks, Citigroup and Wells Fargo, have experienced a significant decline in deposits over the past year. Citigroup’s deposits fell by $23.3 billion, while Wells Fargo’s dropped by $15.1 billion. JPMorgan Chase Outlook JPMorgan Chase, the largest US bank, has also reported a 7% drop in deposits in its…
According to Matt Hougan, CIO of crypto fund manager Bitwise, the upcoming Bitcoin halving is a positive catalyst for the cryptocurrency. Historic Precedence Hougan believes that the halving, scheduled for April 19th, could trigger a significant rally based on past events. Historically, Bitcoin’s price has surged after previous halvings. Long-Term Benefits However, Hougan emphasizes that…
Key Points: Analyst Altcoin Sherpa suggests Sei (SEI) could be preparing for a rally. Memecoin Pepe (PEPE) may have reached a market bottom. Ethena (ENA) and Celestia (TIA) show signs of potential growth. Sei (SEI) Sei, a Solana rival, is being watched closely by Altcoin Sherpa. He believes SEI could reverse upward after testing a…
A cryptocurrency analyst, Credible Crypto, has raised concerns about the future of Cardano (ADA). In a recent video, he expressed his bearish outlook, stating that Cardano “does not look great.” Downside Targets According to Credible Crypto, Cardano could potentially fall between 57% and 74% to reach his downside targets. He believes that the cryptocurrency has…
Sergey Nazarov, co-founder of Chainlink, believes more crypto exchange-traded funds (ETFs) are coming soon. He predicts that ETFs for coins beyond Bitcoin and Ethereum could launch this year. Ripple CEO Cautious, Ark Invest CEO Skeptical Ripple CEO Brad Garlinghouse agrees with Nazarov’s optimism but doubts it will happen this year. Ark Invest’s CEO, Cathie Wood,…
Analyst Insights Crypto analyst Ali Martinez has identified a key indicator that suggests a bullish outlook for Cardano (ADA). According to his analysis, ADA could rally to as high as $1. Martinez notes that ADA’s Market Value to Realized Value (MVRV) has dipped below -22%. Historically, when the MVRV ratio has fallen below this level,…
