Wall Street is keeping a close eye on a massive $8.8 trillion pile of cash that could spark a significant market rally. Money Market Cash Surge Over the past year, investors have flocked to money market funds amid banking concerns and the Federal Reserve’s interest rate hikes. These hikes boosted returns on short-term Treasury investments….
Sony’s Patent Application Gaming giant Sony has filed a patent application for “super-fungible tokens” specifically designed for gaming. The application, submitted in 2022, outlines a system that tracks gaming assets and creates these unique tokens. What are Super-Fungible Tokens? Super-fungible tokens are essentially a bundle of non-fungible tokens (NFTs) that represent ownership of a specific…
Ubisoft Joins XPLA as Validator Ubisoft, a renowned video game company, has become a node validator in the XPLA blockchain ecosystem. This move reflects Ubisoft’s commitment to exploring blockchain technology through its Strategic Innovation Lab. XPLA is a Layer 1 blockchain designed for digital media content, with a focus on “Explore and Play.” Ubisoft’s participation…
Wyoming is cementing its reputation as a crypto-friendly state with the passage of the Decentralized Unincorporated Nonprofit Association Act. DAO Legal Framework This legislation establishes a legal framework for Decentralized Autonomous Organizations (DAOs), addressing the challenges of fitting them into existing financial regulations. DAO Structure and Governance DAOs are decentralized organizations governed by community members…
Rising Excitement Shiba Inu (SHIB), the meme coin inspired by the Shiba Inu dog breed, has been making waves in the crypto market. After a brief dip, it’s now on a bullish run, with traders predicting it could surpass Dogecoin (DOGE). Strong Rebound According to Santiment, a crypto intelligence platform, SHIB is poised for a…
The Shiba Inu team has been on a burning spree, and they’re about to drop their biggest burn yet. Burn Details According to Shiba Inu’s market lead, LUCIE, the team has collected 40 ETH (worth around $157,000) to burn SHIB tokens. This would translate to approximately 4.6 billion SHIB tokens being sent to the burn…
Eligibility and Program Details Fresno County in California is rolling out a new program that will provide $900,000 in guaranteed income to residents in two communities facing high poverty rates. Participants in Huron and the 93706 zip code will receive $500 per month for one year. To qualify, individuals must earn $35,000 or less in…
Bitcoin (BTC) has reached another all-time high, briefly touching $70,000 on Coinbase. However, it has since settled at $68,357, still up 1.6% in the past 24 hours. BlackRock and Fidelity’s Massive BTC Purchases The surge comes amid reports that BlackRock and Fidelity have purchased at least $12.3 billion worth of BTC each on behalf of…
Avalanche (AVAX) Analyst Kaleo predicts a potential 129% surge for AVAX, currently trading at $43.52. The prediction is based on a breakout from a descending trendline. Polygon (MATIC) Kaleo anticipates a rally for MATIC, currently at $1.16. The chart suggests a bullish trend reversal after breaking above a descending trendline. Injective (INJ) The analyst sees…
Guy Turner, host of the popular Coin Bureau YouTube channel, predicts that Bitcoin (BTC) could reach nearly $200,000 during this market cycle. Catalysts for Growth Turner believes two key factors will drive BTC’s price spike: Halving Event: This event, expected around April 20th, will reduce miners’ rewards by half, potentially triggering a parabolic rally. Monetary…
