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Grayscale, a big player in the crypto world, just sent a huge chunk of Ethereum (ETH) to Coinbase Prime. This is the second time in a few days they’ve done this, totaling over $700 million worth of ETH. Why is Grayscale selling? It’s not entirely clear, but it could be related to the recent launch…
A “Big Short” investor, who famously predicted the 2007 housing market crash, is now bullish on Bitcoin. He believes the US dollar is losing value, and Bitcoin is a good way to protect your money. Dollar Debasement is Driving Bitcoin Investment Vincent Daniel, co-founder of Seawolf Capital, says he’s holding onto Bitcoin because he thinks…
Anthony Scaramucci, founder of Skybridge Capital, believes that clear regulations could be the key to unlocking the next crypto bull market. Washington Lobbying for Crypto Scaramucci, along with other industry leaders like Mark Cuban and Michael Novogratz, recently met with officials in Washington D.C. to discuss the potential dangers of the current hard-line approach to…
Michael Saylor, the Bitcoin-loving CEO of Microstrategy, has thrown out some wild predictions about where Bitcoin’s price could go in the next 23 years. Saylor’s Bold Predictions Saylor believes Bitcoin could reach a staggering $49 million per coin by 2045, giving it a market cap of over $1 quadrillion. That’s a 22% share of all…
Bitcoin has been on a roll lately, but things have been a bit quiet in the crypto world recently. However, some interesting on-chain data suggests that this calm might not last long. Bitcoin Miners Are Back in Business A popular crypto analyst, Ali Martinez, noticed that Bitcoin miners are starting to come back to the…
Donald Trump is back in the game, and he’s making some big promises about crypto. At the Bitcoin Conference in Nashville, he laid out his plans to make the US a crypto powerhouse. Gensler Out, Crypto In Trump’s first order of business? He’s going to fire Gary Gensler, the current head of the SEC, on…
With the US elections looming, Democrats are feeling the heat from Republicans who are increasingly embracing cryptocurrency. To counter this, a group of Democratic lawmakers and candidates are pushing the Democratic National Committee (DNC) to change its stance on crypto. Democrats See Crypto as a Growing Force In a letter to DNC Chairman Jamie Harrison,…
The launch of spot Ethereum ETFs was a big deal in the crypto world, but the initial hype hasn’t translated into consistent success. Outflows Dominate the First Week The first week of trading saw a net outflow of $341 million from the new Ethereum ETFs. While the first day saw a solid inflow of $106.8…
The crypto market is on the rise, and analysts are looking for the best bets. Santiment, a crypto analytics firm, has identified some potentially bullish altcoins based on their market value-to-realized-value (MVRV) Z-score. What is MVRV Z-score? This metric helps determine if an asset is undervalued or overvalued. A low score suggests an asset is…
Former President Donald Trump has unveiled a bold plan to make America the “crypto capital of the planet” if he’s re-elected. He’s promising a complete overhaul of US Bitcoin and crypto policy, with a focus on promoting the industry and protecting its interests. Bitcoin Stockpile and Gensler’s Fate Trump says he’ll fire Securities and Exchange…
