Morgan Stanley is betting big on the S&P 500, predicting it will hit new all-time highs within the next year. They don’t think the market will revisit its April lows. Why the Optimism? According to Andrew Sheets, Morgan Stanley’s global head of corporate credit research, several factors are driving this bullish outlook: Improved Earnings: Sheets…
Bitcoin’s price has been climbing lately, but not everyone’s celebrating. A veteran trader is predicting a massive crash – a potential 75% drop! The Crash Prediction Peter Brandt, a well-known trader, believes Bitcoin’s recent gains are a setup for a major price plunge. He’s forecasting a drop from the current price (around $109,000) to roughly…
Worldcoin’s blockchain, World Chain, just got a major upgrade: native support for Circle’s USDC stablecoin. This means users no longer rely on third-party bridges to use USDC on the platform. Native USDC: A Big Improvement Before this update, almost two million World App users held USDC that was bridged from other blockchains. Bridged tokens carry…
Russia is getting serious about illegal cryptocurrency mining. New rules are in the works that could mean hefty fines and even the seizure of your crypto! Big Fines and Asset Seizures The proposed rules, currently under review, lay out some pretty stiff penalties for unauthorized mining. Individuals could face fines ranging from $1,270 to $2,540,…
Binance recently released a proof-of-reserves (PoR) audit, showing some interesting details about their holdings. Let’s break it down. Ethereum and Solana: 100% Customer-Owned The audit, verified using zk-SNARK cryptography, revealed that Binance holds almost exactly the same amount of Ethereum (ETH) and Solana (SOL) as its customers have deposited. There’s practically no extra ETH or…
Connecticut has officially joined the growing number of states saying “no” to cryptocurrency investments. A new law prevents the state and its local governments from investing in, accepting payments in, or holding any cryptocurrencies. The New Law: What it Means The recently passed House Bill 7082 (HB 7082) isn’t just about crypto. It also updates…
Bitcoin, known for its hefty transaction fees, is getting a major upgrade thanks to tBTC launching on Starknet. This means Bitcoin holders can now easily participate in the world of decentralized finance (DeFi) without breaking the bank. Cheap Bitcoin DeFi: It’s Finally Here For years, using Bitcoin in DeFi has been expensive. Average Bitcoin transaction…
Citigroup, a major US bank, is predicting a huge jump for the S&P 500 stock index. They believe it could reach a whopping 7,000 points by the end of the year – that’s a 16% increase from where it is now! The Bull Case: AI and a “Goldilocks” Economy This optimistic forecast hinges on two…
Allnodes, a company that helps people run blockchain nodes without needing to manage the hardware themselves, just launched a new line of super-fast servers perfect for Solana validators. These servers are designed to handle the demanding needs of Solana’s network. Supercharged Servers for Solana These new servers are single-tenant, meaning each customer gets their own…
Falcon Finance, a synthetic dollar protocol backed by DWF Labs, is teaming up with BitGo, a leading digital asset custodian, to bring secure custody to its USDf stablecoin. Enhanced Security and Access for USDf This partnership will allow institutional investors to hold USDf in BitGo’s secure wallets. This significantly improves access to Falcon Finance’s yield-generating…
