Ethereum (ETH), the second-largest cryptocurrency by market cap, has experienced a notable exodus from centralized exchanges in recent weeks. Data suggests a growing preference for holding ETH outside of trading platforms. Ethereum Outflow Reaches $1.2 Billion Blockchain analytics firm IntoTheBlock reported a staggering $500 million worth of ETH exiting exchanges last week, contributing to a…
Analyst’s Prediction Crypto analyst Eric sees Ethereum (ETH) potentially reaching $20,000 during the next bull run. He attributes this prediction to the potential launch of spot Ethereum exchange-traded funds (ETFs) in the United States. Historical Comparison Eric highlights Ethereum’s historical tendency to follow Bitcoin’s (BTC) price movements, albeit with a one-cycle lag. In the previous…
Approval Date for Ethereum ETFs Expected The Securities and Exchange Commission (SEC) is likely to follow a similar approach to approving spot Bitcoin (BTC) exchange-traded funds (ETFs) for spot Ethereum ETFs. Standard Chartered Bank analysis suggests that approval will be granted on the initial final deadline of May 23. Delays Possible, Approval Still Likely According…
The Argument Charles Hoskinson, the founder of Cardano, and Muneeb Ali, co-founder of Stacks, recently engaged in a debate on Twitter about the potential and limitations of Bitcoin’s layer-2 (L2) innovations, particularly in comparison to networks like Cardano and Ethereum. Hoskinson’s Perspective Hoskinson argued that Bitcoin’s architectural limitations make it impossible for it to support…
Shiba Inu (SHIB), often referred to as the “Dogecoin killer,” is facing a critical situation due to a recent downturn that has raised questions about its stability and future prospects. Shibarium Surge Sparks Mixed Reactions While some investors remain optimistic about SHIB’s potential, others are expressing concerns about its performance and distribution dynamics. A recent…
Introduction Despite the influx of over $5 billion in new assets through Exchange-Traded Funds (ETFs) by BlackRock and Fidelity, the Bitcoin price has fallen by 13%. Fred Krueger, the former founder and chairman of Traffic Marketplace, offers insights into this seemingly paradoxical situation. Arbitrage Traders’ Strategy In late June 2023, arbitrage traders anticipated the ETF…
A renowned crypto strategist, Rekt Capital, predicts a potential surge in the altcoin markets in the coming weeks. He believes the recent strong performance of Ethereum-based altcoins, such as Solana (SOL) and Chainlink (LINK), could trigger a broader altcoin hype cycle similar to what was witnessed in Q4 of 2023. Solana and Chainlink Leading the…
Introduction In the previous articles, we explored the disconnect between paid-for work and paid-for time. We also learned that to get paid, you need to provide valuable work for others. When someone consumes the benefit of your work, the exchange happens value for value – work for sats. But what if the benefit is not…
Bitcoin is revolutionizing the way we think about money. It offers a peer-to-peer network for transferring funds without relying on financial institutions. However, when it comes to trading, we still need to go through trusted third parties, which can be a security risk. The Problem with Centralized Exchanges Centralized exchanges are inherently insecure because they…
Anthony Scaramucci’s Predictions At a recent conference at Duke University, SkyBridge Capital founder Anthony Scaramucci expressed his belief that Coinbase will emerge victorious in its legal battle with the U.S. Securities and Exchange Commission (SEC). Scaramucci emphasized the significance of this case, stating that it will serve as a crucial precedent for the regulation of…
