Key Points: MicroStrategy’s founder, Michael Saylor, attributes the surge in Bitcoin demand to the approval of spot market Bitcoin exchange-traded funds (ETFs) in the US. Saylor believes that there is a significant amount of pent-up demand for Bitcoin, with investors waiting for the approval of ETFs to gain access to the asset. Spot market Bitcoin…
34 Trillion Reasons to Believe in Bitcoin Mike Novogratz, CEO of Galaxy Digital, has expressed his unwavering confidence in the future of Bitcoin (BTC), citing the growing US debt as a key reason for his optimism. Novogratz points out that the US government is currently paying billions of dollars per day just to pay the…
On Tuesday, Bitcoin’s price took a dip from $49,900 to $48,300 after the release of US inflation data. The data came in higher than expected, with the headline CPI at 3.1% instead of 2.9% and the core CPI at 3.9% instead of 3.7%. This led to a negative reaction in the traditional financial market, dragging…
Bitcoin, the leading cryptocurrency, has recently surged in price, surpassing the $50,000 mark. This rally, coupled with a high reading on the Crypto Fear and Greed Index, indicates a market brimming with optimism but also raises concerns about potential overheating. Extreme Greed: Index Hits Highest Since ATH The Crypto Fear and Greed Index, a popular…
SEC’s Actions Resemble a ‘Police State’ Stuart Alderoty, Ripple’s Chief Legal Officer (CLO), has strongly criticized the US Securities and Exchange Commission (SEC) under the leadership of Gary Gensler. Alderoty’s criticism stems from the SEC’s actions in the DEBT Box case, where the SEC obtained a Temporary Restraining Order (TRO) against DEBT Box and then…
Angel Drainer’s Phishing Scheme Blockaid, a Web3 security firm, recently reported a major security breach involving the notorious phishing group Angel Drainer. The group targeted 128 crypto wallets and successfully drained them of their funds, amounting to over $403,000. The attack began on February 12th at 6:41 am when Angel Drainer deployed a Safe Vault…
The crypto community has been buzzing about Genesis’ plan to sell 36 million shares of Grayscale Bitcoin Trust (GBTC), worth around $1.5 billion. This announcement sparked concerns of a potential market downturn, similar to the one following the FTX bankruptcy estate’s sale of GBTC. However, a closer look reveals a less dire scenario. No FTX-Like…
Analyst’s Bullish Outlook A popular crypto strategist, The Flow Horse, believes the crypto markets are about to enter a bull market cycle similar to the one witnessed in mid-2020. He shared his insights with his 200,900 followers on X, a social media platform. The Flow Horse predicts a “craziness period” similar to the bullish price…
The criminal sentencing of Changpeng Zhao, the founder and former CEO of Binance, the world’s largest cryptocurrency exchange, has been postponed until April. Delayed Sentencing According to a CNBC report, Zhao’s sentencing, stemming from charges brought by the U.S. Department of Justice for failing to maintain adequate anti-money laundering protocols, will be delayed at least…
On-Chain Activity Surges, Unveiling New Use Cases Bitcoin (BTC) is evolving beyond its reputation as “digital gold,” showcasing a surge in on-chain activity that points to its growing utility, according to a recent analysis by Michael Zhao, a researcher at crypto asset management giant Grayscale. Ordinal Inscriptions Reshape the Bitcoin Landscape The advent of ordinal…
