Legal Battle with the Fed Custodia Bank is appealing a court ruling that denied its request for a master account with the Federal Reserve Bank of Kansas City. The bank believes this account is essential for its growth and access to the federal financial system. Custodia filed a lawsuit in 2022 after experiencing delays in…
Lack of Awareness Among Ultra-Wealthy Investors Despite their immense wealth, many crypto millionaires lack essential knowledge about safeguarding their assets. A survey by Owner.One revealed that only 7% of ultra-rich investors conduct due diligence before investing in crypto, putting their assets at risk. Indifference to Loss Alarmingly, 87.2% of the surveyed investors believe they won’t…
Ethereum Liquid Staking Project A crypto trader, Ali Martinez, has spotted a bullish sign for Lido DAO (LDO), a liquid staking service for Ethereum. According to the Tom DeMark (TD) Sequential indicator, LDO could surge to $3 if it holds above $1.85. Bitcoin Sell Signals Martinez also warns of two sell signals for Bitcoin (BTC)….
US regulators have announced the closure of Republic Bank, the first bank failure of 2024. The FDIC (Federal Deposit Insurance Corporation) has stepped in to protect $6 billion in assets and $4 billion in customer deposits. Assets Transferred to Fulton Bank Fulton Bank, a former rival of Republic Bank, will take over the bank’s assets…
Crypto Market on the Brink of Revolution Crypto analyst Doctor Profit predicts a huge surge in Bitcoin and the broader crypto market, calling it the “third Industrial Revolution.” He urges investors to jump on board or risk regretting it. Bitcoin’s Target: $84,000 Profit believes Bitcoin will reach $84,000 after breaking out of its current trading…
New data suggests that Bitcoin mining may not be as profitable as it once was. Declining Hashprice The “hashprice,” which measures the revenue miners earn for their computing power, has dropped to near record lows. This decline comes despite the recent Bitcoin halving, which usually boosts the cryptocurrency’s value. Challenges for Miners The low hashprice…
Thin Sell-Side Liquidity An analyst predicts a potential spike in Ethereum’s price due to a decrease in sell-side liquidity on major exchanges like Binance and Coinbase. With fewer sellers, a small increase in demand could result in a significant price increase. Factors Influencing ETH’s Price Despite the thinning liquidity, market makers could balance the market….
Bitcoin Halving and Miner Revenue After the recent Bitcoin halving, which cuts block rewards in half, miner revenue spiked to a record $100 million. This was due to an explosion in transaction fees, which are the other main source of income for miners. Runes Protocol and Transaction Fees The release of the Runes protocol, which…
Ethereum investors are making moves to protect their investments amid market uncertainty. Large-Scale Withdrawals In the past week, a whopping 260,000 ETH (worth $800 million) has been withdrawn from centralized exchanges. Exchange Deposits vs. Withdrawals Exchange deposits and withdrawals indicate investor sentiment. Large deposits suggest selling intentions, while withdrawals suggest accumulation. Bullish Implications The mass…
Pomona, California is set to launch a $2.25 million guaranteed income program for young parents facing financial challenges. Flourishing Families Program The 18-month program, called Flourishing Families, will provide $500 per month for a year and a half to 250 families. Another 350 families will form a control group and receive stipends for completing tasks…
