Author: News Room
Arthur Hayes, a co-founder of BitMEX, recently engaged in a discussion with Real Vision CEO Raoul Pal, where he shared his bullish views on memecoins within blockchain ecosystems. Hayes regards memecoins not just as digital assets but as a vibrant form of communal expression that enriches the crypto world with its diversity and creativity. He mapped out a crypto enthusiast’s journey from mainstream cryptocurrencies to engaging with memecoins, emphasizing the progression as an enjoyable exploration of digital currency capabilities. Highlighting the inherent fun and experimental nature of memecoins, Hayes underscored the importance of cautious engagement in these ventures. He praised…
This month we have witnessed a continuous expansion in the stablecoin domain, eclipsing the $150 billion mark on March 20, 2024, with an infusion of an additional $1.4 billion into the arena since then. Leading the pack in supply growth for March was Ethena’s USDE, soaring by 194.9% over the last 30 days. Top Dollar-Pegged […] Read the full article here
Widely followed economist and crypto analyst Alex Krüger says that traditional finance (TradFi) firms have a choice to make when it comes to Bitcoin (BTC). Krüger tells his 169,200 followers on the social media platform X that TradFi portfolio managers will likely underperform everyone else for the next 10 years if they don’t accumulate Bitcoin now. Says Krüger, “Traditional finance portfolio managers have three options: 1) Buy Bitcoin now 2) Buy Bitcoin later 3) Underperform for the next decade.” Krüger shares data from Goldman Sachs suggesting that Bitcoin has essentially outperformed every other financial asset, both in terms of total…
United States Treasuries worth over $1 billion have been tokenized on-chain across Ethereum, Polygon, Solana, and other blockchains. The milestone was propelled by the recent launch of the BlackRock USD Institutional Digital Liquidity Fund. US Treasurys Worth $1.08B Tokenized BlackRock’s Ethereum-based product, BUIDL, was introduced on March 20 and has surpassed a market capitalization of $244.8 million. As per data from 21Shares’ Dune Analytics dashboard, BUIDL is now behind only Franklin Templeton’s 11-month-old Franklin OnChain US Government Money Fund (FOBXX), which holds $360.2 million in US Treasuries. The dashboard further reveals that $1.08 billion in US Treasuries has been tokenized…
Bitget, a well-known crypto exchange, has recently shared some news in a forecast regarding the price projections of Bitcoin for April, specifically concerning the famous halving event. Let’s see below all the details. Post-halving predictions: market news and Bitcoin price Bitcoin bullish trend: prospects towards new highs Bitcoin ETF Perspectives Post-halving predictions: market news and Bitcoin price As anticipated, Bitget has recently shared forecasts regarding the price of Bitcoin for the month of April, focusing on the significant event of the halving. According to these predictions, the expected price range for BTC in April varies between $62,000 and $90,000. This…
The Cardano (ADA) ecosystem has shown multiple growth signals in the past few years. Investors now look for promising tokens being built on Cardano to invest in 2024, to capitalize on this growth. Notably, decentralized finance (DeFi) data from DefiLlama evidence how the Cardano ecosystem has improved lately. The total value locked (TVL) in Cardano tokens reached $422.63 million, a nearly 10 times increase from the $50 million on January 1, 2023. Together, the daily volume registered by decentralized exchanges grew from $854,240 to $5.69 million in the same period. This is a direct result of increased crypto trading and…
Ripple’s price has recently entered a phase of sideways consolidation, following a significant downtrend, leaving market participants uncertain about its future trajectory. However, the cryptocurrency seems likely to remain confined within a tight range until a breakout occurs in either direction. By Shayan The Daily Chart Upon close examination of the daily chart, Ripple’s market activity has diminished, with the price undergoing sideways consolidation characterized by extremely low volatility after experiencing a notable decline from the $0.75 threshold. Despite this, the price has found considerable support within a crucial price range, indicated by the static region of $0.58 and the…
Consensys says it has actively participated in the ongoing discourse regarding the potential listing and trading of the iShares Ethereum Trust on Nasdaq. This initiative is currently under the Securities and Exchange Commission’s (SEC) review, which specifically called for public commentary concerning Nasdaq’s application. Consensys’s engagement comes in response to the SEC’s inquiry about Ethereum’s unique attributes, mainly focusing on aspects such as its proof of stake (PoS) consensus mechanism and the concentration of control, which could potentially impact its vulnerability to fraud and manipulation. Consensys plays a pivotal role within the blockchain and cryptocurrency ecosystem, primarily as a software…
The crypto market anticipates a substantial influx of assets in April, with over $1.7 billion worth of tokens slated for release. Notable among these are Aptos, Axie Infinity, Arbitrum, and Ronin tokens. Token unlocks have gained traction as a strategy to gradually introduce locked assets into the market over a predefined timeframe. Proponents argue that this method aligns incentives among project investors and stakeholders. However, it frequently leads to short-term volatility and price dips. Top Token Unlocks in April CryptoRank, a leading crypto research and analytics platform, has identified the top 10 token unlock events in April. These have a cumulative…
A London woman has been convicted for money laundering, having been found with over $4.3 billion in bitcoin, which she converted into physical assets. The SEC is seeking a nearly $2 billion fine from Ripple Labs in a landmark XRP lawsuit, a move Ripple’s CEO deems unprecedented. The activation of a dormant bitcoin wallet, known […] Read the full article here