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…
Fraudulent Duo Targets Elderly Victim South Korean police have arrested two individuals accused of defrauding an elderly man of $4.1 million in a crypto-based scam. The suspects, a young duo in their 20s and 30s, promised the victim massive returns on his investment. Promises of 70% Return One of the suspects claimed, “If you invest…
Whale Activity Crypto whales are accumulating a rapidly growing crypto project called Ondo Finance (ONDO). Lookonchain, a crypto tracking service, has observed significant withdrawals of ONDO from major exchanges. One whale withdrew 6.53 million ONDO (over $6 million) from Bybit in the past month. Another whale withdrew 1.98 million ONDO (nearly $1.83 million) from Gate.io…
A well-known crypto analyst predicts that Bitcoin (BTC) could skyrocket to over $160,000 in this bull market. Logarithmic Growth Channel Analysis Dave the Wave, a popular analyst, uses logarithmic growth channels (LGC) to forecast market trends. He believes that Bitcoin is following a similar pattern to 2020, when it broke out of a channel and…
Bitcoin Balance on Coinbase Drops Glassnode data shows that the amount of Bitcoin held on Coinbase has dropped to a nine-year low of 344,856. This suggests that investors are holding their Bitcoin for the long term, reducing the pressure on its price. Centralized Exchange Outflows Data from Santiment indicates a drop in Bitcoin held on…
Investors Push for Higher Valuation FTX customers holding “Sam Coins” (Serum, MAPS, and OXY) are demanding millions from the bankrupt crypto firm. They argue that the tokens are worth far more than the “nearly worthless” valuation proposed by FTX’s experts. FTX’s Arguments FTX claims that the tokens have little value due to: Sam Bankman-Fried’s involvement…
Targeted Entities The US Treasury Department has designated 13 companies and 2 individuals for allegedly helping Russia evade sanctions through crypto services. These entities include: Companies operating in Russia’s financial and technology sectors Individuals developing and offering crypto services that enable sanctioned Russian entities to avoid sanctions Impact of Sanctions The sanctions prohibit any transactions…
