Scarcity vs. Oversupply Analyst Willy Woo believes the tide is turning in the battle between gold and Bitcoin. While gold has long been considered a scarce asset, advancements in mining have eroded its scarcity. Meanwhile, Bitcoin’s supply is decreasing due to the Halving events. Bitcoin’s Scarcity Advantage Bitcoin’s Halving events have reduced the daily issuance…
Payouts Begin After a long wait, Mt. Gox users are finally receiving payments. The process has been slow, but users are relieved to see progress. Challenges Remain Some users have reported problems with transfers and extended deadlines. Others are concerned about fees incurred during the redemption process. Impact on Bitcoin Market The release of 200,000…
Interest Rate Jitters Fuel Fund Outflows Last week, crypto investment funds saw a massive $206 million exodus, as investors grew anxious about the Federal Reserve’s potential interest rate hikes. Bitcoin ETFs and Market Volume Take a Dive Bitcoin ETFs in the US experienced a whopping $204.3 million in outflows. Global exchange-traded products saw a drop…
Open Interest: A Sideways Trend Ethereum’s Open Interest, the total number of derivative contracts open, has been hovering at low levels after a sharp drop during the recent price decline. This suggests a cooling down in the futures market. Funding Rate: A Shift to Negative The Ethereum funding rate, which tracks fees paid between derivative…
A New Whale Emerges A mysterious Ethereum whale has been on a buying spree, snatching up over $405 million worth of ETH since March 31st. Justin Sun Connection? The blockchain research firm Lookonchain suspects that the whale may be none other than Tron founder Justin Sun. This is based on similarities in activity between the…
Whale on the Move A massive crypto whale holding nearly half a billion dollars in Ethereum (ETH) has been withdrawing funds from exchanges. The whale, identified by blockchain tracker Lookonchain, has moved ETH from Binance and decentralized exchanges (DEXes). Whale’s Massive Accumulation In just two weeks, the whale has amassed approximately $405.19 million worth of…
A popular crypto trader believes that Heroes of Mavia (MAVIA), a play-to-earn game built on Ethereum, has the potential to perform as well as Axie Infinity (AXS) did in 2021. MAVIA: The Next Axie Infinity? Pseudonymous trader Criptopaul shared his bullish sentiment with his followers, stating that MAVIA has the backing of top venture capital…
Ethereum Rally Crypto trader Inmortal believes Ethereum (ETH) is poised for a rally after bouncing off support near $2,900. He predicts ETH could reach $3,600, currently trading at $3,226. Seedify.Fund (SFUND) Inmortal is bullish on SFUND, a blockchain gaming incubator and launchpad. He expects a significant surge once SFUND breaks the $3 level. Currently trading…
Anthony Scaramucci, a renowned hedge fund manager, believes Bitcoin’s market capitalization will eventually exceed the $16 trillion valuation of gold. Scaramucci’s Rationale In a recent interview with CNBC, the founder of SkyBridge Capital stated that Bitcoin is an exceptional asset that has no historical precedent in human history. He emphasized Bitcoin’s immutability, decentralization, and scalability…
Surge in Demand On April 17th, the Brazilian stock exchange B3 launched Bitcoin futures trading. The response was overwhelming, with over 7,400 contracts traded on the first day. Growing Interest in Crypto Derivatives This high volume shows that Brazilian investors are eager for ways to invest in Bitcoin without buying it directly. Bitcoin futures provide…
