Analyst Kevin Svenson predicts a significant correction for Bitcoin (BTC) after its recent rally. FOMO Driving Market Svenson believes that the recent surge in Bitcoin’s price is fueled by “FOMO” (fear of missing out), where investors rush to buy the asset as it continues to rise. He warns that this can lead to a sharp…
Bitcoin miners have had a record-breaking day, raking in nearly $76 million in revenue. This is the second-highest daily revenue in the history of the cryptocurrency. Block Rewards and Transaction Fees Bitcoin miners earn revenue from two sources: block rewards and transaction fees. Block rewards are given to miners for solving blocks on the network,…
Burn Rate Decline The Shiba Inu burn rate has taken a hit after a week of high activity. The number of SHIB tokens burned daily has dropped, indicating a slowdown in the community’s efforts to burn the meme coin. 10% Drop in Burn Rate According to data from Shibburn, the burn rate has fallen by…
Bitcoin and gold have reached record highs, creating a buzz in the investment world. Divergent Assets, United Surge Bitcoin, the digital currency, and gold, the traditional safe haven, have soared simultaneously, challenging traditional investment strategies. Bitcoin’s Rise: ETFs and Momentum Bitcoin’s surge is driven by investments in exchange-traded funds (ETFs) and short-term momentum trading. This…
What is Charles Derangement Syndrome (CDS)? Charles Hoskinson, the founder of Cardano, has coined the term “Charles Derangement Syndrome” to describe the persistent criticism he faces. He believes that critics have a fundamental bias against him and assume the worst in everything he does. Symptoms of CDS Hoskinson has identified ten symptoms of CDS: Assuming…
Cryptocurrency analyst Bluntz, who predicted the end of Bitcoin’s 2018 bear market, is optimistic about two memecoins: Dogwifhat (WIF) and Dogecoin (DOGE). Dogwifhat (WIF) Bluntz believes WIF is showing signs of strength despite a recent market correction. He predicts a significant rally, with a potential surge to $3.50. Dogecoin (DOGE) Bluntz also expects DOGE to…
Government Intervention The Spanish Data Collection Agency (AEPD) has ordered Worldcoin to cease collecting personal data in Spain. This decision comes after receiving numerous complaints alleging that the project’s data-gathering process violated user privacy. Specific Violations The AEPD cited several infringements, including: Insufficient information provided to users Collection of data from minors Inability to withdraw…
A troubled New York bank has received a $1 billion capital injection in an effort to stay afloat. New York Community Bank announced the investment, led by former U.S. Treasury Secretary Steven Mnuchin’s Liberty Strategic Capital. Financial Struggles NYCB has been struggling with exposure to the commercial real estate market and the impact of recent…
Tom Lee, CEO of Fundstrat, believes Bitcoin is on track to break its all-time high and reach $150,000 by the end of 2024. Bitcoin’s Unique Appeal Lee attributes Bitcoin’s volatility to its status as a “trustless” asset in a world where trust is often lacking. This makes it appealing to younger investors but challenging for…
Exploration Resolution The Arizona State Senate has passed a resolution encouraging state retirement funds to consider investing in Bitcoin exchange-traded funds (ETFs). The resolution specifically targets the Arizona State Retirement System (ASRS) and the Public Safety Personnel Retirement System (PSPRS). Monitoring and Reporting The resolution requires ASRS and PSPRS to monitor Bitcoin ETFs and report…
