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Ethereum Rally Crypto trader Inmortal believes Ethereum (ETH) is poised for a rally after bouncing off support near $2,900. He predicts ETH could reach $3,600, currently trading at $3,226. Seedify.Fund (SFUND) Inmortal is bullish on SFUND, a blockchain gaming incubator and launchpad. He expects a significant surge once SFUND breaks the $3 level. Currently trading…
Anthony Scaramucci, a renowned hedge fund manager, believes Bitcoin’s market capitalization will eventually exceed the $16 trillion valuation of gold. Scaramucci’s Rationale In a recent interview with CNBC, the founder of SkyBridge Capital stated that Bitcoin is an exceptional asset that has no historical precedent in human history. He emphasized Bitcoin’s immutability, decentralization, and scalability…
Surge in Demand On April 17th, the Brazilian stock exchange B3 launched Bitcoin futures trading. The response was overwhelming, with over 7,400 contracts traded on the first day. Growing Interest in Crypto Derivatives This high volume shows that Brazilian investors are eager for ways to invest in Bitcoin without buying it directly. Bitcoin futures provide…
Halving and Runes Shake Up Miner Revenues The recent Bitcoin Halving, where miner rewards are halved every four years, coincided with the launch of Runes, a new protocol for creating fungible tokens on Bitcoin. Runes vs. Ordinals Runes differ from Ordinals, which “inscribe” data onto Bitcoin, by creating interchangeable tokens. This simplicity makes Runes more…
Fundraising Success The Shiba Inu team has raised $12 million through the sale of their TREAT token. This funding round was led by Animoca Brands and supported by several other investors. Fund Allocation The funds raised will be used to develop the team’s new Layer 3 blockchain and enhance their existing Layer 2 solution, Shibarium….
The Terra community is considering two important proposals that could shape the future of the Terra Classic ecosystem. Proposals Under Consideration Reduce Maximum Block Size: This proposal aims to reduce the maximum block size from 5 MB to 2 MB to prevent spam and improve network stability. Increase Gas Fees: This proposal suggests increasing gas…
The world of crypto and decentralized finance (DeFi) has a new scandal on its hands: ZKasino. This gambling platform promised anonymity and high stakes, but now faces accusations of fraud and deception. Accusations of Fraud In March, ZigZag, a rival exchange, accused ZKasino of: Lying about its funding Diverting funds for personal use Failing to…
The crypto market has been a rollercoaster lately, and Ethereum (ETH) is no exception. But there are some key metrics that can give us clues about where ETH might be headed. Bullish Signs Investors are optimistic: Most Ethereum investors are still betting on it going up in the long run. Whales are buying: Even after…
Skepticism Grows As the May deadline for Ethereum Spot Exchange-Traded Funds (ETFs) approaches, skepticism is growing. Nate Geraci, president of ETF Store, believes the SEC is unusually quiet about the ETFs and suggests they may not be approved due to less engagement with issuers. Behind-the-Scenes Activity? Some speculate that discussions may be happening behind closed…
Render (RNDR) Crypto strategist Altcoin Sherpa believes Render (RNDR) could fall to $6 before rebounding. He suggests buying at current levels or lower for a potential profit. Bittensor (TAO) Altcoin Sherpa predicts a drop for Bittensor (TAO) to $400, the 0.50 Fibonacci level. He advises watching for a potential support level at that point. Prom…
