Opposition from SEC Chair Gensler The White House has announced that it will not veto the Financial Innovation and Technology for the 21st Century Act (FIT21), despite opposition from Securities and Exchange Commission (SEC) Chair Gary Gensler. The White House expressed concerns about the bill’s lack of consumer and investor protections, but stated that it…
Half a Trillion Added Since January The US national debt has skyrocketed by over $582 billion since the beginning of 2024, according to Treasury data. This staggering increase has brought the total debt to $34.5 trillion. Interest Payments Surpass Spending Interest on the debt now exceeds spending on both national defense and Medicare. This has…
Analyst Kaleo believes the crypto market is about to take off again. He says Bitcoin (BTC) is building up strength after the recent halving and could hit $200,000. Ethereum’s Future Kaleo also sees big things for Ethereum (ETH), predicting it could reach $12,000. Altcoin Mania As Bitcoin and Ethereum rise, Kaleo says other cryptocurrencies (altcoins)…
Bold Prediction Standard Chartered analysts believe Bitcoin is poised to break its previous all-time high of $73,700 and surge to $73,798 by March 14, 2024. Reasons for Optimism Increased inflows into Spot Bitcoin ETFs Potential approval of Ethereum Spot ETFs Analyst Geoff Kendrick’s previous predictions of Bitcoin reaching $150,000 by 2024 and $200,000 by 2025…
Investigation and Findings Hong Kong’s Privacy Commissioner investigated Worldcoin’s operations and found they violated data protection principles. The project collected participants’ iris scans without proper consent and transparency. The privacy notice and consent form were not available in Chinese, and operators failed to explain the policies. Collection of Biometric Data Worldcoin used iris scans to…
Court Ruling A Florida court has overturned a ban on Binance, the world’s largest cryptocurrency exchange. The court found that state regulators had not followed proper procedures when they suspended Binance’s operations in the state. Binance’s Legal Victory The ban, imposed in November 2023, came after Binance’s former CEO pleaded guilty to federal finance charges….
Bitcoin Realized Cap Slowdown Glassnode, an on-chain analytics firm, reports a slowdown in Bitcoin demand. The Realized Cap, which estimates the total capital invested in Bitcoin, has recently lost momentum. Reduced Capital Inflow Glassnode’s chart shows that the rate of new capital flowing into Bitcoin has decreased significantly. This indicates a lower demand for the…
Surge in Trading and Net Inflows Hong Kong’s Ethereum ETFs have seen a massive increase in activity, with the ETF from ChinaAMC receiving over $640,000 in net inflows by Wednesday afternoon. This surge follows a record-breaking $3.77 million inflow on Tuesday, driven by anticipation of similar ETF approvals in the United States. Record-Breaking Trading Volumes…
Whale Transactions Surge Ethereum whales have been making waves lately, with the number of large transactions (over $100,000) reaching its highest since March. This surge in activity coincides with the hype surrounding the potential approval of ETH spot ETFs. Buying or Selling? While the whales are certainly active, it’s unclear whether they’re buying or selling….
Bullish Sentiment in Options Market Ethereum traders are feeling optimistic, as evidenced by the recent surge in call option purchases. Call options give traders the right to buy Ethereum at a set price within a certain time frame. The fact that call options are more expensive than put options (which give the right to sell)…
