Ethereum to Reach New Heights A crypto expert, CrediBull Crypto, believes Ethereum is poised to make a significant jump after Bitcoin’s recent rally. He predicts that Ethereum could hit new all-time highs, potentially reaching between $3,600 and $3,700. CrediBull cites strong community sentiment and the cryptocurrency’s positive fundamentals as reasons for his optimism. XRP to…
Background Sam Bankman-Fried (SBF), the former CEO of the collapsed FTX exchange, is facing sentencing later this month. Prosecutors have submitted a memorandum to the court, recommending a prison sentence of 40 to 50 years. Reasons for the Sentence Recommendation SBF masterminded a massive fraudulent scheme, comparable to Bernie Madoff’s Ponzi scheme. The magnitude and…
Crypto trader Ali Martinez believes Solana (SOL) may be heading for a correction. According to his analysis, the Tom DeMark (TD) sequential indicator on SOL’s daily chart has signaled a sell signal. TD Indicator Suggests Potential Drop The TD indicator is used to identify potential turning points in an asset’s price. Martinez notes that every…
A New York-based bank has seen a massive exodus of deposits, totaling over $4 billion, as the Federal Reserve Chair warns of potential bank failures. Declining Deposits at New York Community Bank New York Community Bank’s (NYCB) latest earnings report reveals a sharp decline in deposits. From the start of the year to March 6th,…
Binance, the world’s largest cryptocurrency exchange, is reportedly separating itself from its investment arm, Binance Labs. Separate Company According to Bloomberg, Binance CEO Richard Teng has moved Binance Labs into a separate company since taking over from former co-founder Changpeng Zhao. Binance Labs’ website now states that it is an independent venture and not part…
The U.S. Federal Reserve (Fed) has listed a central bank digital currency (CBDC) as one of its “key duties” in a document presented to Congress. Congressman Tom Emmer Raises Concerns Republican Congressman Tom Emmer of Minnesota shared a document titled “Key Duties of the Fed – Payment Systems” that he received from Fed officials. He…
Analysts’ Confidence Soars Analysts at Bernstein, a private wealth management firm, have doubled down on their prediction that Bitcoin will reach $150,000 by 2025. Gautam Chhugani and Mahika Sapra believe the cryptocurrency has a high probability of hitting this milestone. Factors Driving the Surge Spot Bitcoin ETFs: The success and demand for Spot Bitcoin Exchange…
Google’s AI, Gemini, has given us some insights into what the future holds for Shiba Inu (SHIB). Potential Price Targets Gemini predicts three possible price targets for SHIB by the end of 2024: $0.0002: A massive surge, shedding one zero from its current price and representing a 410% increase. $0.0001: A rally of at least…
The crypto industry in the US has sent a clear message to political candidates: back us, or risk losing at the polls. Industry Influence on Elections The industry has shown its financial muscle by contributing $10 million to efforts that helped defeat Democratic Representative Katie Porter in California’s Senate primary. This paved the way for…
Crypto expert Scott Melker, known as the “Wolf of All Streets,” predicts that mainstream demand for crypto will return when Dogecoin (DOGE) reaches a new all-time high (ATH). Dogecoin’s Role in Attracting Newcomers Melker believes that the last bull market’s “mainstream fervor” was driven by meme coins like DOGE and NFTs. He notes that many…
