Bitcoin ETFs: A Boost from Wealth Management Firms

The financial world is seeing a major shift in cryptocurrency investment, with big players moving into Bitcoin Exchange-Traded Funds (ETFs). Growing Institutional Interest Bitwise CEO Hunter Horsley predicts a huge increase in Bitcoin ETF holdings by wealth management firms by the end of 2024. This shows that institutions are becoming more confident in Bitcoin as…

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Binance Tax Evasion Trial Postponed Again

A Nigerian court has pushed back the hearing for a tax evasion case against Binance and its executives to May 17. Background The Nigerian Federal Inland Revenue Service (FIRS) filed charges against Binance and two of its executives in March for failing to pay taxes and helping customers avoid taxes. Binance had not registered with…

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Ethereum Investors Stock Up, Signaling Bullish Sentiment

Accumulation Phase Ethereum investors are actively accumulating the cryptocurrency, with over $500 million worth of ETH withdrawn from exchanges in the past week. This outflow is the highest since February, indicating that investors are confident in Ethereum’s long-term value. Whale Activity Whale transactions have also increased, with outflows from exchanges exceeding inflows. This suggests that…

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Uniswap and Cardano: Analyst’s Market Outlook

Uniswap Crypto analyst Ali Martinez has observed a bullish signal for Uniswap (UNI). According to the Tom DeMark (TD) Sequential indicator, UNI is expected to rally for 1-4 days, potentially reaching $10. Cardano Martinez also analyzed Cardano (ADA). He noted that the Market Value to Realized Value (MVRV) ratio has dipped below -22%, which has…

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