Digital asset manager CoinShares reports that institutions sold off a record $942 million worth of crypto products last week, reversing a seven-week trend of inflows. Grayscale Leads the Exodus Grayscale, the largest crypto asset manager, accounted for over $2 billion of the outflows, indicating investor hesitation due to market uncertainty. Bitcoin Bears the Brunt Bitcoin…
Ki Young Ju, CEO of CryptoQuant, has shared insights on Bitcoin’s potential price trajectory. Max Pain Price Level Ju believes Bitcoin could drop to a “max pain” range of around $51,000 before the bull market continues. This is based on historical price patterns, which typically see a maximum drawdown of around 30% during bull markets….
Crypto analyst Kaleo predicts a massive rally for Theta Network (THETA), a decentralized video streaming platform. He believes THETA could soar by over 200% as the social finance (SoFi) sector gains traction. Reasons for Optimism Kaleo cites the upcoming airdrops for ARENA and FT (Friend.tech) tokens as catalysts for renewed interest in SoFi. He suggests…
Crypto expert KSI has shared his thoughts on Bitcoin’s potential trajectory. Potential Ups and Downs KSI predicts Bitcoin could reach $73K-$80K soon, followed by a dip to $50K-$60K. He suggests a “boring red summer” before things heat up in winter. $100K by 2025? KSI joins analysts predicting Bitcoin could hit $100K by the end of…
Expert Analysis Cryptocurrency expert Dr. Profit has analyzed Bitcoin’s (BTC) recent performance and identified key factors that could drive its price to new heights. Sideways Movement: A Prelude to Surge Dr. Profit predicts a sideways movement for Bitcoin in the short term. However, he emphasizes that this is a normal part of market cycles and…
FTX’s Stake Sale FTX, the bankrupt crypto exchange, is selling a majority stake in Anthropic, an AI startup, for $884 million. The move is part of FTX’s efforts to repay creditors and boost its cash reserves. Anthropic’s Ownership Change FTX initially invested $500 million in Anthropic in 2021. The startup has since attracted investments from…
Escape from Custody Nadeem Anjarwalla, a senior Binance executive, escaped from Nigerian custody on March 22nd, after being detained on tax evasion charges. He fled the country using his Kenyan passport, despite having his British passport confiscated. Tax Evasion Charges Nigeria has filed tax evasion charges against Binance, Anjarwalla, and another executive, Tigran Gambaryan. The…
SEC’s Decision The Philippine Securities and Exchange Commission (SEC) has blocked access to Binance, the world’s largest cryptocurrency exchange. The decision was made because Binance does not have the necessary license to operate in the Philippines. Website and Services Blocked The SEC has asked the National Telecommunications Commission (NTC) to block Binance’s website and related…
Threat to Long Traders Dogecoin is hanging on above $0.17, but a 10% drop could trigger massive losses for long traders. Over $66 million worth of leveraged longs would be liquidated if the price falls below $0.153. Short Traders on Edge On the flip side, a 10% price increase to $0.1908 would liquidate over $55…
Ethereum is on the cusp of reaching $4,000, but faces a potential roadblock: the US Securities and Exchange Commission (SEC). Technical Analysis Points to $4,000 Milestone Analyst Captain Faibik believes Ethereum’s price chart shows a bullish pattern, suggesting a breakout above $4,000. This optimism is based on a descending wedge pattern, indicating an end to…
