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Record Highs in Money Market Funds Investors have been pouring money into money market funds, reaching a record $6.47 trillion in deposits. This surge is driven by the Federal Reserve’s recent interest rate hikes, which have made these funds more attractive for earning returns on cash. JPMorgan Warns of an End to the Mania However,…
The South African Revenue Service (SARS) is cracking down on crypto, demanding that taxpayers declare their digital assets. This comes as no surprise, considering the growing popularity of cryptocurrencies like Bitcoin and Ripple in the country. Crypto Is Big Business in South Africa South Africa is seeing a massive surge in crypto transactions. Estimates suggest…
Jim Cramer, the host of the popular financial show “Mad Money,” thinks Kamala Harris would be a good president for the economy. He believes her policies would be more business-friendly than Joe Biden’s, which he thinks could be good for the markets. A More Centrist Approach Cramer sees Harris as a centrist, meaning she’s not…
A controversial figure in the crypto world, Craig Wright, is accusing Michael Saylor, CEO of MicroStrategy, of betraying the true essence of Bitcoin. Wright believes Saylor’s plan to turn MicroStrategy into a Bitcoin bank goes against the original purpose of Bitcoin. What’s the Beef? Wright argues that Bitcoin was designed for small, peer-to-peer transactions without…
Coinbase’s Base, a scaling solution for Ethereum, is quickly becoming the most popular network for building on Ethereum. Base is Booming Base has seen a huge increase in activity over the past couple of months. It’s now processing a massive amount of transactions, surpassing other popular Ethereum scaling solutions like Optimism and Arbitrum. Base’s TVL…
Crypto exchange OKX is adding six new trading pairs for the USDC stablecoin, showing their support for the growing USDC ecosystem. New Trading Pairs for USDC Starting on October 14th, OKX will offer trading pairs for USDC with these cryptocurrencies: AEVO-USDC ATH-USDC CATI-USDC ETHFI-USDC JUP-USDC ZETA-USDC Stablecoin Outlook This move comes as the outlook for…
Bitcoin, the king of crypto, is currently in a bit of a snooze fest. According to Ki Young Ju, CEO of market intelligence firm CryptoQuant, Bitcoin might be nearing the longest period of sideways trading ever during a halving year. What’s a Halving Year? Every four years, Bitcoin’s mining rewards are cut in half. This…
A popular crypto analyst, Ali Martinez, is warning that Ethereum (ETH) could be headed for a correction. He’s keeping a close eye on a key support level at $2,300. Ethereum’s Potential Dip Martinez says that if ETH drops below $2,300, it could trigger a sell-off. This is because a huge number of investors bought ETH…
Veteran trader Peter Brandt is sounding the alarm on Bitcoin, saying it could be in for a massive crash. A Long Time Without New Highs Brandt, who has a huge following on social media, points out that Bitcoin hasn’t hit a new all-time high in eight months. He says this is a bad sign, historically…
Bitcoin ETFs are back in the green! After a rough start to the fourth quarter, spot Bitcoin ETFs saw a massive influx of cash last week, totaling over $308 million. This is a welcome change after the market experienced a net outflow of $300 million in the first week of October. Bitcoin ETFs: A Rollercoaster…
