Despite some setbacks in the approval process for spot Ethereum Exchange-Traded Funds (ETFs), financial giants like Fidelity remain hopeful. Fidelity’s Amended Application Fidelity has recently updated its application for an Ethereum spot ETF, expressing confidence in its approval by the SEC. The amendment includes a more detailed analysis of the relationship between the spot and…
Net Unrealized Profit/Loss (NUPL) A recent analysis has identified a pattern in Bitcoin’s NUPL indicator that suggests the bull market may be coming to an end. NUPL measures the overall profit or loss held by Bitcoin investors. Overheated Levels For several weeks, Bitcoin’s NUPL has been at very high levels, indicating that investors are holding…
Crypto Market Woes The Shiba Inu price has taken a nosedive, losing over 10% in a single day. This is largely due to Bitcoin’s recent drop below $65,000. FOMC Meeting Jitters The upcoming Federal Open Market Committee (FOMC) meeting is also weighing on the crypto market. Investors are anxious about its potential impact. Bitcoin Correction…
Former Treasury Secretary Larry Summers has raised concerns about the accuracy of the official inflation rate, suggesting it may be significantly underestimating the true pain Americans are facing. Pre-1983 Inflation Measure Reveals Spike Using an older method of measuring inflation that included personal interest rates and housing financing costs, Summers and co-authors found that inflation…
Fantom (FTM) Analyst Ali Martinez predicts an 80% surge for Fantom (FTM), with a target price of $1.44. FTM has previously rallied from $0.464 to $0.873. Cardano (ADA) Martinez sees ADA potentially reaching $1.40 and eventually $5 if it follows a historical pattern. ADA is currently trading at $0.678. Polygon (MATIC) Martinez identifies support levels…
The International Monetary Fund (IMF) is urging Pakistan to expand its tax net to include cryptocurrency gains. Taxing Crypto to Pay for Bailout The IMF has recommended that Pakistan’s Federal Board of Revenue (FBR) implement a Capital Gains Tax (CGT) on cryptocurrencies. This move is intended to help Pakistan repay its $3 billion bailout debt….
Crypto analyst TechDev is predicting a rapid rise in Bitcoin’s value, potentially reaching $160,000. Technical Indicators Point to Bullish Trend TechDev analyzed Bitcoin’s relative strength index (RSI) and Fibonacci extension levels on the monthly timeframe. According to his observations, every time Bitcoin’s RSI crossed above the 65 level, the price surged to the 1.618 Fibonacci…
Impersonation and Presale Scams Another phishing scam has hit the crypto community, this time targeting a top crypto trader. An account impersonating @blknoiz06 replied to the trader’s posts on X, promoting a presale link that redirected users to a wallet drainer. The scammer claimed to be launching a token called $BULL and asked users to…
Background On March 14th, a Solana meme coin called Book of Meme (BOME) was introduced. Within three days, its value skyrocketed, and it was listed on Binance. Insider Trading Allegations Before the listing, a large crypto holder (a “whale”) bought 314 million BOME tokens for $2.3 million. After the listing, the token’s value soared, making…
Crypto expert Willy Woo has analyzed Bitcoin’s potential and outlined three scenarios for its future value: Hyperbitcoinization: Bitcoin becomes the dominant currency, reaching a value of $4.8 million per coin. Matching the US Dollar: Bitcoin’s value reaches $1 million per coin, equaling the size of the US dollar. Surpassing Gold: Bitcoin becomes more valuable than…
