Grayscale’s legal chief, Craig Salm, remains optimistic that the SEC will approve spot Ethereum ETFs. Lack of Engagement Not Necessarily Negative Salm dismisses concerns about the SEC’s lack of engagement on ETH ETF applications, saying it may indicate less need for discussion since the issues raised for Bitcoin ETFs are similar. Positive History with Bitcoin…
A savvy trader has made a fortune after investing early in a new memecoin called Degen (DEGEN). Massive Gains According to blockchain firm Lookonchain, the trader purchased 277 million DEGEN with just three Ethereum (ETH) worth $6,991 in January. They then sold a portion of their holdings for 134 ETH ($370,000), leaving them with 100…
Real Vision crypto analyst Jamie Coutts believes Bitcoin (BTC) is poised for a continued rally following a temporary dip. Technical Indicators Point to Bullish Momentum Coutts analyzed technical indicators and found that Bitcoin has broken out of a bearish flag pattern, signaling a potential surge. Additionally, funding rates and the Relative Strength Index (RSI) suggest…
Robert Kiyosaki, author of “Rich Dad Poor Dad,” is bullish on Bitcoin (BTC) due to the actions of US leaders. Government Ripping Off Americans Kiyosaki believes the US government is taking on excessive debt to keep the country running, ripping off Americans in the process. He compares the dollar to a “giant Ponzi scheme,” claiming…
Bitcoin Whales Buy the Dip As Bitcoin’s price dipped, whales (large investors holding at least 1,000 BTC) jumped at the chance to buy more at lower prices. Since January, the number of wallets with 1,000+ BTC has steadily increased. Institutional Interest Drives Whale Activity Institutional investors have poured billions into Spot Bitcoin ETFs, which require…
Bitcoin whales, or large investors with significant holdings, have been actively buying over the past week. Whale Accumulation According to on-chain data, whales have acquired over 100,000 BTC, worth approximately $7 billion. This accumulation began when BTC prices were at recent lows, suggesting that whales saw these prices as attractive entry points. Market Impact The…
Court Ruling In a significant development, the court overseeing the Coinbase vs. SEC case has ruled against Coinbase on certain claims. The SEC argued that Coinbase operated as an exchange, broker, and clearing agency without proper registration. The court agreed, supporting the SEC’s claims. Coinbase’s Parent Company The court also found that Coinbase’s parent company,…
Kiyosaki’s Take on Bitcoin Robert Kiyosaki, the renowned author of “Rich Dad Poor Dad,” has declared Bitcoin as the “perfect asset at the right time.” He believes it’s a better choice than traditional currencies like the US dollar, which he calls “fake.” Why Bitcoin? According to Kiyosaki, Bitcoin is a strong network that follows Metcalf’s…
Despite recent sideways movement, Bitcoin’s on-chain data hints at a potential rally in the near future. Here’s why: Exchange Liquidity Depletion Cryptocurrency analyst Ki Young Ju reports that the Bitcoin Liquid Inventory Ratio has reached an all-time low. This ratio measures the amount of Bitcoin readily available for trading on major exchanges. When it drops,…
A well-known crypto trader, Altcoin Sherpa, believes altcoins are preparing for significant rallies after a recent market pullback. Render (RNDR) Sherpa highlights Render (RNDR), a GPU-related project, as a prime candidate for a breakout. He notes that RNDR is consolidating in a bullish pattern, similar to many other altcoins. Solana (SOL) Sherpa predicts that Ethereum…
