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Sam Bankman-Fried, the former CEO of the collapsed FTX crypto exchange, is seeking a lighter sentence for his fraud convictions, citing his autism spectrum disorder. Defense’s Arguments Bankman-Fried’s lawyers argue that his autism makes him vulnerable in prison due to: Increased risk of violence and extortion Difficulty understanding social cues and rules Anhedonic depression Letters…
Market Correction Incoming Despite Bitcoin’s recent surge to over $64,000, Galaxy Digital CEO Michael Novogratz warns of a possible correction. He believes Bitcoin could drop to the mid-$50,000 range in the short term. Reasons for the Dip Novogratz cites concerns about high leverage in the market, especially among younger investors. He notes that aggressive trading…
Alex Thorn, an executive at Galaxy Digital, predicts that Bitcoin (BTC) could reach a new record high before the scheduled halving event in April. Breaking the Cycle Historically, Bitcoin has hit new highs after halving events, but Thorn believes the launch of spot Bitcoin exchange-traded funds (ETFs) is changing the cycle. ETFs as a Game-Changer…
Render (RNDR) A crypto analyst, Altcoin Sherpa, predicts a surge in the price of Render (RNDR), a Solana-based project. Sherpa believes RNDR could reach a new all-time high (ATH) soon. He suggests buying at $7 for a potential return to $8.78, the previous ATH. Shiba Inu (SHIB) Sherpa also predicts significant gains for Shiba Inu…
Cryptocurrency analyst Kaleo has shared his predictions for the future of three digital assets: Avalanche (AVAX), Dogecoin (DOGE), and Solana (SOL). Avalanche (AVAX) Kaleo believes AVAX could surge by 134% from its current price of $42.65. He suggests it could reach $100 or more, similar to Solana’s recent rally. Dogecoin (DOGE) The analyst predicts that…
A leading analyst has issued a warning to crypto traders, urging caution as Bitcoin (BTC) whales engage in significant profit-taking. Whale Sell-Off According to data from Santiment, BTC whales have sold off over 80,000 BTC in the past three days, amounting to approximately $4.8 billion. Analyst Ali Martinez highlights this as a potential red flag…
Dwindling Bitcoin Supply on OTC Desks Caitlin Long, CEO of Custodia Bank, reports that the availability of Bitcoin on Over-the-Counter (OTC) desks has plummeted, with only around 40 BTC available for sale at one point. This trend is corroborated by other industry figures, indicating a broader shift in the market. Impact on Bitcoin Price The…
Profitability Skyrockets Bitcoin has been on a tear lately, hitting a three-year high. And with that surge, the vast majority of Bitcoin investors are now in the green. A whopping 99.17% of Bitcoin holders are currently making a profit. No One’s Losing According to data, none of the 51.45 million Bitcoin addresses are currently in…
Mike Alfred, a financial expert, believes that XRP will remain around $0.60 even if Bitcoin hits $250,000. XRP’s Challenges Alfred argues that XRP is not a scam but faces growth hurdles due to its “token printing scheme” that benefits insiders. This has led to XRP’s flat performance over the past seven years. Ripple’s Role Ripple,…
New Meme Coin Joins the Ranks Robinhood has surprised the crypto community by adding the Solana-based Dogwifhat (WIF) meme coin to its platform. WIF joins the ranks of Dogecoin and Shiba Inu as one of the few meme coins supported by Robinhood. WIF: The Newest Shiba Inu-Themed Coin Launched in December 2023, WIF is a…
