DOJ Rejects Tornado Cash Developer’s Dismissal Request

The US Department of Justice (DOJ) has responded to Tornado Cash developer Roman Storm’s request to drop the criminal charges against him. DOJ’s Arguments The DOJ claims that Tornado Cash is a money-transmitting business, despite Storm’s argument that it does not control users’ funds. According to the DOJ, money transmitters in crypto include platforms that…

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US Debt Soars, Raising Concerns of Financial Crisis

The US national debt has surged by $273.859 billion in just two months, reaching a record high of $34.571 trillion. Concerns from a Billionaire Billionaire investor Leon Cooperman has warned that the country is inching closer to a financial crisis. He believes the government missed an opportunity to address the issue when it ignored recommendations…

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Gold’s Rise May Hint at Bitcoin’s Correction

Gold’s Performance Crypto analyst Benjamin Cowen suggests that gold’s recent surge may indicate a peak in Bitcoin’s recent rally. He notes that in 2019, a breakout in gold coincided with a local top for Bitcoin. Similarly, this year’s gold breakout occurred around the same time Bitcoin reached a local high in March. Ethereum’s Decline Cowen…

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Whale Activity in Bitcoin: Why It Matters

Declining Whale Activity The Bitcoin network has seen a drop in large-value transactions over the past few weeks. This decline has coincided with the cryptocurrency’s price struggles. Whales and Market Influence Whales are individuals or entities that hold significant amounts of Bitcoin. Their large transactions can influence market dynamics and trigger price movements. Correlation with…

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Bitcoin’s Future: Correction or Peak?

Exponential Dampener Analyst Peter Brandt believes Bitcoin’s current bull run may be nearing its end. He points to the concept of “exponential decay,” where each bull cycle shows a smaller increase in price. This suggests that the current cycle may peak at around $72,723, which Bitcoin has already reached. Potential Price Retracements If Brandt’s analysis…

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