Current State and Future Trajectory of Bitcoin In an interview with CNBC’s ‘Squawk Box,’ Mike Novogratz, CEO of Galaxy Digital, shared his insights on Bitcoin’s current state and future trajectory. He noted the recent surge in Bitcoin prices but suggested a potential consolidation phase. Institutional Adoption and Accessibility Novogratz emphasized the significance of institutional and…
Bitcoin to Replace Traditional Currencies Tim Draper, a renowned venture capitalist and founder of Draper Associates, believes that Bitcoin has the potential to replace traditional currencies like the US Dollar. In a recent interview on Bloomberg, Draper expressed his confidence that people will eventually prefer Bitcoin over fiat currencies, allowing them to purchase necessities like…
SBF Sticks with New Lawyers Despite Conflict of Interest Sam Bankman-Fried (SBF), the founder of the defunct crypto exchange FTX, appeared in court on February 21 to address a potential conflict of interest involving his new lawyers. SBF confirmed that he would stick with his new lawyers, Marc Mukasey and Torrey Young, despite the conflict….
Key Findings: Around 729,400 Bitcoin wallets emptied in the last month. Bitcoin’s “Total Amount of Holders” has been declining since January 20th, while Ethereum and Tether’s have risen. The US SEC’s approval of spot Bitcoin ETFs may have influenced this trend. Bitcoin Wallets Exodus: Data from Santiment, an on-chain analytics firm, reveals a significant decline…
Polygon, the Ethereum scaling platform, faces a critical juncture. Its recent final token unlock marks a milestone, but its MATIC token grapples with a price decline and underperformance compared to peers. Token Unlock: A New Era On February 21st, Polygon unlocked and transferred 273 million MATIC tokens, worth roughly $253 million. This final transfer signifies…
Phase One: Exclusive Claim for Original Shiboshi Holders Shiboshi NFTs, valued at around 0.14 ETH, are now available for claiming. Only original Shiboshi holders can claim an NFT within 48 hours. Claims are free, but gas fees apply. Phase Two: Minting for Doge Killer (LEASH) Token Holders LEASH token holders can mint Sheboshi NFTs at…
Ethereum has once again broken above the $3,000 mark, after previous attempts failed due to FOMO (fear of missing out). Brief Recovery In the past day, Ethereum (ETH) has rallied 3%, breaking back above $3,000. This is the third attempt at this level, with the previous two resulting in brief surges followed by retracements. Recent…
Introduction DeFi staking is evolving with the emergence of liquid restaking tokens (LRTs) and layer two solutions like Blast. This article explores the background, implications, and trends in this space. Liquid Restaking Tokens (LRTs) LRTs have revolutionized Ethereum staking by unlocking the liquidity of staked assets. This innovation enables stakers to earn rewards without locking…
A prominent crypto strategist, Ali Martinez, is forecasting substantial upward movement for two artificial intelligence (AI)-related altcoins: Filecoin (FIL) and Worldcoin (WLD). Filecoin (FIL) Martinez believes that FIL, the native token of the decentralized storage network Filecoin, is poised for a significant breakout. He points to the project’s decentralized network, which offers a cost-effective alternative…
Brad Garlinghouse, CEO of Ripple, a payments platform, predicts a new wave of crypto investment products. He says it would make sense to create exchange-traded funds (ETFs) centered around XRP and other digital assets. Diversification and Risk Garlinghouse compares the early days of the stock market to the current state of crypto, emphasizing the need…
