Author: Max Bauer
The future trajectory of Bitcoin could be significantly influenced by the results of the upcoming U.S. presidential election, according to a recent research report from investment bank Jefferies. The report, released on Monday, highlights the political nuances observed at the Bitcoin Nashville conference held last week, where notable figures, including former President Donald Trump, engaged with the cryptocurrency community. Jefferies analysts Jonathan Petersen and Joe Dickstein suggest that Trump’s recent pro-crypto stance could have a substantial impact on Bitcoin’s short-term price fluctuations. “His overtures to the industry to install crypto-friendly regulators may have the effect of near-term BTC price being…
During an interview with CNBC at the Summer Olympics, David Solomon, the chief executive of Goldman Sachs, shared his thoughts on bitcoin, emphasizing its potential as a store of value. However, Solomon maintained his cautious stance on the speculative nature of the cryptocurrency. “I’ve always said I think it’s a speculative investment,” Solomon stated. “I don’t see a real use case.” Despite his reservations, Solomon acknowledged the intriguing nature of the underlying technology behind cryptocurrencies. He highlighted the potential for advancements in reducing financial system friction as digitization continues to evolve. When CNBC’s Joe Kernan posed a question about the…
The Securities and Exchange Commission (SEC) has charged Nader Al-Naji with orchestrating a fraudulent crypto asset scheme involving the social media platform BitClout and its native token, BTCLT. The SEC’s complaint alleges that Al-Naji raised over $257 million from unregistered sales of BTCLT starting in November 2020, under false pretenses that the proceeds would not be used for personal gain. Contrary to these claims, Al-Naji allegedly spent over $7 million of investor funds on personal expenses, including a Beverly Hills mansion rental and lavish gifts to family members. To avoid regulatory scrutiny, Al-Naji allegedly misrepresented BitClout as a decentralized project…
Binance Labs has announced its investment in aPriori, a pioneering project focused on MEV-powered liquid staking solutions on the Monad network. This investment was made through Season 6 of the Binance Labs Incubation Program, highlighting Binance Labs’ commitment to supporting innovative early-stage blockchain projects. aPriori is developing a unique MEV-powered liquid staking platform on the Monad network. This platform aims to decentralize Monad’s network and enhance the overall user experience by leveraging Maximum Extractable Value (MEV) mechanisms. Yi He, Co-Founder of Binance and Head of Binance Labs, expressed enthusiasm about the investment, stating, “Binance Labs is proud to back aPriori’s…
Raoul Pal, the founder of macro research firm Real Vision and former executive at Goldman Sachs, has made a bold prediction about the future of Bitcoin. In a recent social media post, Pal suggested that Bitcoin is on the verge of breaking through a significant cup-handle pattern and entering what he refers to as the “banana range.” The term “banana range” is a concept often discussed by Arthur Hayes and other prominent figures in the cryptocurrency industry. It represents a highly cyclical stage when liquidity floods the market, and central banks are required to refinance all debts, using incentives to appease the masses.…
Cryptocurrency exchange Coinbase announced that it will list Stader (SD) according to its official announcement.
U.S. government has transferred a portion of the Bitcoin seized from the infamous Silk Road marketplace. This recent transfer, amounting to $2 billion, marks the first such action in nearly four months. James Seyffart, a senior ETF analyst at Bloomberg, suggested that the transfer could be part of a reorganization effort to better manage and hold custody of the confiscated Bitcoins. The announcement came shortly after Coinbase revealed on July 2 that the U.S. Marshals Service (USMS), the U.S. Department of Justice’s asset forfeiture agency, had chosen Coinbase Prime to provide custody and advanced trading services for its large digital…
U.S. Government transferred 29,800 Bitcoin (BTC) valued at $2.02 billion to a new wallet just minutes ago. As of now, the U.S. Government holds a total of 179,155 BTC, amounting to approximately $12.14 billion. This impressive sum stems largely from assets seized by the Department of Justice (DOJ) in 2020. The Bitcoin was associated with the notorious Silk Road marketplace, and its seizure marked one of the most significant crypto confiscations to date. Following the seizure, the DOJ sought the official forfeiture of the cryptocurrency, which was valued at over $1 billion at the time. Despite fluctuations in Bitcoin’s market…
According to a new onchain information, the US government has moved $2 billion worth of Silk Road Bitcoins. The transfer by the US government was observed in the Arkham data as follows: The US still holds approximately $12.14 billion worth of Bitcoin.
BlackRock, the world’s largest asset manager, has made a significant announcement regarding its future investment strategies. Samara Cohen, the firm’s Chief Investment Officer of ETF and Index Investments, has stated that there will be no Solana Exchange-Traded Fund (ETF) in the near term. Cohen, who also serves as a Senior Managing Director and is a member of BlackRock’s Global Executive Committee (GEC), made this revelation during a recent Bloomberg interview. This is not intended as an investment advice.