SEC’s Silence Raises Concerns Bloomberg’s ETF expert, Eric Balchunas, predicts a mere 25% chance of a spot Ethereum exchange-traded fund (ETF) being approved by the SEC. He believes the SEC’s lack of engagement suggests a deliberate non-approval stance. Grayscale’s Optimistic Perspective Grayscale’s Chief Legal Officer, Craig Salm, offers a different view. He points out that…
The US Securities and Exchange Commission (SEC) is facing a lawsuit that challenges its lack of clear regulations for the crypto industry, particularly regarding crypto airdrops. Lawsuit Targets SEC’s Treatment of BEBA Token The DeFi Education Fund (DEF) and Beba Collection, a Texas-based apparel company, filed the lawsuit. They argue that the SEC’s aggressive enforcement…
Raoul Pal, CEO of Real Vision, believes that the “macro summer” is upon us, which will drive up the prices of Bitcoin (BTC) and altcoins. What is Macro Summer? According to Pal, macro summer refers to an increase in the ISM manufacturing index, an indicator of US economic activity. This increase is driven by liquidity,…
Arthur Hayes, co-founder of BitMEX, predicts a surge in demand for Ethereum (ETH) if the U.S. Securities and Exchange Commission (SEC) approves spot ETH exchange-traded funds (ETFs). ETF Hype Fueling ETH Demand Hayes believes the massive success of Bitcoin ETFs will pave the way for similar products for Ethereum and other crypto assets. He highlights…
Popular trader Michaël van de Poppe predicts that altcoins are poised for significant gains in the coming months. Altcoin Market Correction According to van de Poppe, the recent 16% correction in the altcoin market was a healthy part of a larger uptrend. He believes that many coins have bottomed out and is seeing “a lot…
Bitcoin Buying Spree Finance expert Robert Kiyosaki, author of “Rich Dad Poor Dad,” has announced his plans to invest heavily in Bitcoin (BTC) before April’s “halving” event, when rewards for Bitcoin miners will be cut in half. Kiyosaki believes this will drive up the value of BTC. $100,000 Price Prediction Kiyosaki predicts that Bitcoin will…
Crypto expert Rekt Capital has spotted a striking resemblance between Bitcoin’s recent pre-halving dip and the one that happened in 2020 before the cryptocurrency skyrocketed to a new high. Pullback Matches 2020 Bitcoin’s current pullback is almost identical to the one it experienced before the 2020 halving. In both cases, the cryptocurrency fell by over…
Crypto Outflows Reach New Record Crypto investment products have seen a record-breaking week of outflows, with investors pulling out a whopping $942 million. This marks the end of a seven-week streak of strong inflows. Bitcoin Takes the Hit Bitcoin investment products accounted for a significant portion of the outflows, with Spot Bitcoin ETFs in the…
Key Reasons for the Rally: 1. Futures Market Influence The futures market has played a major role in pushing up Bitcoin’s price. Many traders have been liquidated, meaning they’ve had to sell their Bitcoin at a loss. This has created a domino effect, leading to a surge in Bitcoin’s price. 2. Bullish News Positive news,…
ETH on the Verge of Breaking Records Ethereum (ETH) is poised to surpass its all-time high (ATH) of $4,891 as the crypto market prepares for the Bitcoin halving. This event, scheduled for next month, is expected to fuel a surge in altcoin prices. Solana (SOL): Ready for a Comeback Solana (SOL) has had a rollercoaster…
