Risk Reversals Hint at Investor Concerns As Ethereum prepares for the Dencun upgrade, QCP Capital warns of a negative trend in “risk reversals.” This suggests investors are hedging against a potential price decline. The increased interest in put options, which protect against losses, reflects growing concerns. Market Leverage and Correction Fears The market’s high leverage…
Ethereum has released a major upgrade called “Dencun” that aims to make using the network more affordable. This upgrade focuses on Layer 2 (L2) networks like Arbitrum, Polygon, and Coinbase’s Base, which connect to Ethereum. Cost Savings Dencun significantly reduces transaction costs on L2 networks. Fees have dropped from dollars to cents or even fractions…
Key Points XRP price has surged over 20% in recent hours. It has broken above a key resistance level and formed a bullish pattern. Analysts predict a potential rise towards $1 or even higher. The Ripple (XRP) price has been on a steady upward trend since the market downturn in March 2020. Despite a significant…
Planet ReFi, a platform combining blockchain, real-world assets, and celebrity endorsements for sustainability, has appointed Alex Avellamet as its Chief Marketing Officer (CMO). Soccer Expertise for Wider Reach Avellamet’s background in soccer, including player development and community outreach, aligns with Planet ReFi’s goal of reaching a broader audience. As a FIFA-recognized football agent, she brings…
Lif3, a multi-chain DeFi platform, has joined forces with BitGo, a leading custodian for digital assets. This partnership aims to enhance the security of DeFi assets for institutional investors. Enhanced Security Measures BitGo’s multi-signature technology will be used to secure custodial transactions and cold storage of Lif3 tokens, LSHARE tokens, and L3USD. This provides an…
Samson Mow, CEO of Jan3 and a prominent Bitcoin advocate, maintains his bullish prediction that Bitcoin could reach $1 million this year or by 2025. Reasons for the Price Surge 1. Supply and Demand Imbalance: Mow highlights that the demand for Bitcoin far exceeds its supply. Spot Bitcoin ETFs, which accumulate thousands of BTC daily,…
Whales Sell Off Coins As Bitcoin’s price continues to climb, reaching new all-time highs, large investors known as “whales” are taking advantage of the profits. These whales hold significant amounts of Bitcoin (at least $73 million). According to analyst Ali Martinez, whales have been selling off their coins. The number of wallets holding over 1,000…
Big Players Dominate the Crypto Scene BlackRock and MicroStrategy have made headlines with their recent Bitcoin investments. BlackRock’s plans to include Bitcoin ETFs in its funds could increase demand, while MicroStrategy’s purchase of 12,000 BTC brings its total holdings to 205,000. Investors Move Bitcoin to Cold Storage Despite reaching record highs, investors are moving $520…
The US government has once again targeted the crypto mining industry, sparking backlash from industry leaders and Senator Cynthia Lummis. 30% Tax Proposal Revived The Treasury Department’s 2025 revenue proposals include a revived plan to impose a 30% tax on crypto mining operations. This proposal was initially introduced a year ago but was later withdrawn….
South Africa’s Financial Sector Conduct Authority (FSCA) has granted 59 operating licenses to crypto businesses, a significant step towards regulating the industry in Africa’s most industrialized economy. Growing Interest in Crypto FSCA divisional executive Felicity Mabaso announced that they have received 355 license applications, with 262 still under review. This shows a growing interest in…
