The previous two cycles may provide an indication of where BTC prices might head after the previous all-time high was broken. In the 2013 cycle, Bitcoin prices peaked at around $1,130, but they did not break this level again until March 2017. However, in the three months that followed, BTC prices doubled. When the 2017 […]
Federal prosecutors are calling for a prison sentence of five to seven years for former FTX executive Ryan Salame, who has been implicated in its multibillion-dollar collapse. His defense team asserts that his punishment should reflect his role in exposing the fraud, pushing for a lighter sentence of no more than 18 months. Salame’s Defense […]
The U.S. House of Representatives passed legislation on Monday that will provide long-sought-after legal clarity around how crypto assets should be classified, registered, and custodied. The bill, titled the Financial Innovation and Technology for the 21st Century Act (FIT21), received near unanimous support from Republicans alongside 71 additional votes from Democrats, resulting in a final […]
Uniswap Labs, the company behind the decentralized exchange Uniswap, has issued a response to the Wells Notice from the U.S. Securities and Exchange Commission. Meanwhile, Uniswap’s native token UNI has surged 2.0% over the last 24 hours and 37% over the week to hit $9.48. Uniswap Labs Criticizes SEC’s Legal Basis In a blog post […]
Bitcoin has climbed above $71,000 this week, breaking out of the tight trading range it had been confined to for several weeks. One of the main catalysts for this price action is the strong demand through ETFs, with net inflows of approximately $1.2 billion over the last week. Going forward, several key factors suggest a […]
TL;DR Polkadot (DOT) saw a 7% daily price increase, exceeding the $7.50 mark, with analysts predicting further gains, potentially reaching $10 and beyond. Analysts such as Michael van de Poppe and Block Diversity envision DOT’s next targets in the $9-$25 range, boosted by the recent introduction of the JAM whitepaper and surpassing important resistance levels. […]
TL;DR Ripple’s XRP surged 6%, nearing $0.55, with analysts predicting significant gains, including targets up to $15-$20 based on bullish indicators and RSI patterns. The outcome of Ripple’s lawsuit with the US SEC could also significantly impact the token’s value, potentially triggering substantial volatility. Where is XRP Headed? The cryptocurrency market has been booming lately […]
“It’s happening,” exclaimed Bloomberg ETF analyst James Seyffart on May 22 who added that at least five of the potential ETH ETF issuers have submitted their amended 19b-4s to the Securities and Exchange Commission a few hours ago. Fidelity, VanEck, Invesco Galaxy, Ark 21Shares, and Franklin all submitted amendments via the Chicago Board Options Exchange […]
Binance is seeing a massive buyer demand for Ethereum, fueled by optimism surrounding the potential approval of a much-anticipated spot Ether ETF, prompting traders to aggressively accumulate the asset using market orders, even at higher prices. This was spotted by CryptoQuant after a massive spike in the Net Taker Volume for Ethereum on the popular […]
On Monday, New York Attorney General Letitia James announced that her office has secured a $2 billion settlement with the bankrupt cryptocurrency firm Genesis Global. This agreement comes in response to allegations that Genesis defrauded investors, including tens of thousands of New Yorkers. $2 Billion Settlement In a post on social media platform X, AG […]