Bitcoin as a Safe Haven The crypto market is in turmoil, and investors are flocking to Bitcoin as a safe haven. This has boosted Bitcoin’s dominance to a 9-week high of 57%. Altcoins, on the other hand, are taking a hit. Altcoins Bear the Brunt Projects like Akash Network, Floki, and Chiliz have plummeted over…
Bitcoin is currently facing a critical test at the $64,515 support level. This level could determine its direction in the coming days. Bullish Arguments Strong fundamentals and investor interest could push Bitcoin higher. Bearish Arguments Macroeconomic pressures and regulatory uncertainties could lead to a crash. Technical Analysis 4-Hour Chart: Bitcoin is retracing after being rejected…
Dual Bitcoin and Ethereum ETF Hashdex, a Brazilian crypto asset management company, has filed for a dual ETF that includes both Bitcoin and Ethereum. This move comes as the race for a Spot Ethereum ETF intensifies. Market-Weighted Approach Hashdex’s ETF will be market-weighted, meaning its composition will be based on the market capitalization of Bitcoin…
David Hirsch, the SEC’s chief crypto regulator, has left his post, leaving the industry wondering what’s next. Hirsch’s Legacy: A Crackdown on Crypto Hirsch was known for his tough stance on crypto enforcement. Under his leadership, the SEC took on major players like Kraken, Coinbase, and Ripple, setting a precedent for strict oversight. Speculation and…
Bearish Triangle Pattern Crypto analyst Crypto Daily Trade Signals has warned that Dogecoin (DOGE) could face a downside risk due to a descending triangle pattern. This pattern indicates a series of lower highs and a flat support level at $0.121. Despite the support level, the bearish market conditions driven by Bitcoin’s decline could weaken it….
The Fake Memecoin The Solana-based memecoin DJT, initially linked to Donald Trump’s son Barron, has been exposed as a scam. Martin Shkreli, the Mastermind The orchestrator behind this fraud is Martin Shkreli, a controversial figure known for his pharmaceutical industry antics. The Investigation Crypto investigators, including ZachXBT, uncovered the deception. Shkreli panicked and admitted his…
Analyst Jason Pizzino believes that altcoins showing strength during the recent market correction will lead the charge in reaching new highs this year. Solana and Pendle on the Radar Pizzino has identified two altcoins that he believes are particularly promising: Solana (SOL): Despite the recent downturn, SOL has maintained its higher lows. Pendle (PENDLE): PENDLE…
Traditional finance (TradFi) is emerging as the dominant force in tokenizing real-world assets (RWA), according to blockchain data provider Kaiko Analytics. TradFi Giants Join the Tokenization Wave Major TradFi players such as Fidelity, JPMorgan, and BlackRock are leading the charge in tokenizing RWAs using crypto. Fidelity recently joined JPMorgan’s tokenized network, while BlackRock’s tokenized liquidity…
Hedge Funds Front-Running ETF Approvals VanEck analyst Matthew Sigel believes hedge funds are preparing for the launch of a spot Ethereum exchange-traded fund (ETF) in the US. Data from K33 Research shows a significant increase in inflows to Ether exchange-traded products (ETPs) outside the US. Accumulation by Large Players CryptoQuant data reveals a decline in…
South Korea is tightening its grip on the crypto market. A new law, set to take effect on July 19th, will require crypto exchanges to evaluate the reliability of their listed assets. Mass Delisting Risk Over 600 crypto assets are currently traded in South Korea. The new law will force exchanges to conduct six-monthly reviews…
