Bybit CEO Ben Zhou recently revealed that a significant portion of the cryptocurrency stolen in a massive hack earlier this year has vanished. The February hack, which saw nearly $1.5 billion in Ethereum (ETH) and Lido Staked Ether (stETH) stolen, remains the largest crypto heist in history. The State of the Stolen Funds Zhou reported…
A top crypto expert predicts the US government will soon be adding Bitcoin to its reserves. Government Bitcoin Purchases on the Horizon? Alex Thorn, head of research at Galaxy Digital, a major crypto investment firm, believes the US government will buy Bitcoin (BTC) this year to boost its Strategic Bitcoin Reserve (SBR). He made this…
Several crypto analysts are predicting big things for Sui (SUI), a competitor to Solana. They believe the token is poised for a significant price increase. Bullish Signals Abound According to prominent crypto analyst Raoul Pal, technical indicators suggest SUI is on the verge of a breakout. He points to the Tom DeMark (TD) Sequential Indicator…
Bitcoin is on the move! After a brief surge from around $84,000 to almost $88,400, the overall crypto market is showing signs of a bullish trend. This isn’t just about the price; key market indicators are also pointing upwards. Increased Open Interest: A Sign of Growing Confidence? One significant indicator is Bitcoin’s Open Interest (OI)….
Circle’s recently launched Circle Payments Network (CPN) is shaking things up in the payments world. It’s a direct competitor to Ripple’s long-standing payment system, setting the stage for a major showdown. What is the Circle Payments Network? CPN is designed to make international money transfers faster and easier for financial institutions. Think of it as…
Trump’s 2017 inauguration was the most expensive ever, raking in a whopping $239 million in donations. A big chunk of that came from the crypto world. Crypto’s Generous Contributions The crypto industry showed major support for Trump’s presidency, donating around $18 million to his inauguration. This highlights how much the industry wanted a president friendly…
Dogecoin’s price has taken a tumble lately, dropping over 60%, but some investors remain optimistic about its future. They believe the crypto bull market still has legs, and Dogecoin could hit new highs. One analyst even predicts Dogecoin could reach a whopping $10! Bitcoin’s 4-Year Cycle: The Key This prediction is based on Bitcoin’s historical…
Bloomberg analyst Mike McGlone is predicting a significant market correction that could severely impact Bitcoin, oil, and stocks. He believes the US has a built-in “self-correcting mechanism” that might react against recent economic policies, leading to market turmoil. A Looming Market Correction? McGlone points to historical data showing that the ratio of the S&P 500…
Big names in the crypto world are making a move to become more like traditional banks. According to a recent report, Circle, BitGo, Coinbase, and Paxos are all looking to get banking licenses or similar authorizations. Going for the Charter Circle and BitGo are reportedly aiming for full federal bank charters. This would let them…
Fundstrat’s Tom Lee, a prominent investor, believes the US stock market is still in a bull run, even after a recent correction. He thinks the S&P 500 has already bottomed out this year. A Bull Market, But Which Kind? While Lee is confident about the market’s overall direction, he’s unsure about the recovery’s speed. He…
