Author: Max Bauer
Michael Saylor, the CEO of business intelligence firm MicroStrategy, has once again expressed his unwavering bullishness on Bitcoin. In a recent statement, Saylor predicted that Bitcoin’s price will appreciate at an annual rate of 29% for the next 21 years. This forecast would translate to a staggering price of $13 million per Bitcoin by the end of that period. Saylor emphasized that his shareholders share his optimism, as they are primarily invested in MicroStrategy due to their belief in Bitcoin’s potential. He added that those who oppose Bitcoin are likely shorting the stock, reinforcing his belief in the cryptocurrency’s long-term…
Charles Hoskinson, the founder of Cardano, has made a series of ambitious predictions about the future of the blockchain platform. In a recent statement, Hoskinson expressed his belief that ADA will eventually surpass both Bitcoin and Ethereum in terms of market capitalization and global adoption. According to Hoskinson, Cardano has achieved significant growth in just seven years, boasting a network valued in the billions, millions of users, and the largest research group in the blockchain industry. He attributed this success to the passion and dedication of Cardano’s community, especially young people. Looking ahead, Hoskinson foresees Cardano’s continued expansion. He predicted…
Solana-based memecoin exchange Pump.Fun made a splash today during an X Space event, announcing a powerful new trading terminal and teasing the potential launch of their own token. This news marks a significant development for the popular platform. Pump Advanced: Designed for the power user, Pump.Fun’s new trading terminal boasts a comprehensive feature set. Users can expect: Security and Flexibility: Pump Advanced integrates with the secure, non-custodial wallet provider Privy, allowing users to trade without surrendering control of their funds. Free Trading Period: To celebrate the launch, Pump Advanced will offer 0% trading fees for the first 30 days. The…
In a recent article, the Wall Street Journal raised concerns about the authenticity of Donald Trump’s rising odds on the cryptocurrency prediction market, Polymarket, suggesting that a significant portion of this support may be artificially inflated. Over the past two weeks, Trump’s chances of winning the upcoming November election have surged, with bettors currently giving him a 62% probability of victory, compared to Kamala Harris’s 38%. This shift is notable, especially considering that early October saw both candidates in a much tighter race. However, an investigation into the betting patterns reveals that four accounts on Polymarket collectively invested around $30…
In response to recent allegations regarding the potential misuse of the Scroll airdrop, the project’s development team has issued a statement clarifying the distribution process and the role of team and treasury wallets. The developers emphasized that the airdrop is designed to reward users who have actively participated in the Scroll ecosystem by bridging assets or interacting with eligible protocols. Marks, the token being distributed, are earned automatically by all participants, including project and team wallets. To address concerns about the purpose of these wallets, the team explained that they are primarily used to support the ongoing development and operation…
U.S. spot Bitcoin exchange-traded funds (ETFs) have reached a new milestone, surpassing their previous record for total net asset value (NAV). As of today, these funds collectively hold more than $66.1 billion worth of Bitcoin, surpassing the previous high of $62.6 billion set in early June. The continued influx of capital into these funds has been driven by a combination of factors, including a recent surge in Bitcoin prices and growing investor interest in cryptocurrency exposure. In the past week alone, these ETFs have seen net inflows of over $2.1 billion, marking their best week of inflows since early March.…
Cryptocurrency analysis firm QCP Capital has released its weekly analysis, predicting a continuation of the recent crypto rally driven by strong ETF inflows and a weakening Japanese yen. Bitcoin (BTC) surged 10.48% to a high of 69,000 this week, bringing the 70,000 psychological level within reach. With limited macro headwinds in the coming week, QCP Capital believes the rally could continue. The firm highlighted the substantial inflows into Bitcoin ETFs, totaling $203.3 million over the past six trading days. This consistent institutional demand, combined with the recent SEC approval for BTC ETF options, is expected to provide the ETF with…
The recent surge in Bitcoin ETF trading volume is being driven largely by crypto enthusiasts new to traditional finance, according to BlackRock’s chief investment officer for exchange-traded funds and index investments, Samara Cohen. Speaking at the Permissionless Conference in Utah, Cohen revealed that a significant portion of BlackRock’s Bitcoin ETF buyers are first-time ETF investors, highlighting a previously untapped market for these financial products. The total market capitalization of all eleven spot Bitcoin ETFs now surpasses $63 billion, with nearly $20 billion in total inflows. The last five trading days alone witnessed net inflows exceeding $2.1 billion, with BlackRock accounting…
According to a breaking development, SEC approved NYSE options for spot Bitcoin ETF. This is a breaking development and more information will be available soon. You can view the official SEC document here.
As the 2024 election cycle heats up, whispers are circulating about potential successors to Securities and Exchange Commission (SEC) Chair Gary Gensler. Sources close to Vice President Kamala Harris’s transition team reveal that at least two candidates, Georgetown Law professor Chris Brummer and Public Company Accounting Oversight Board (PCAOB) Chair Erica Williams, are under consideration. Both are perceived as having more favorable views on cryptocurrency than Gensler. However, the situation remains fluid. While the Harris team is vetting potential replacements, a spokesperson emphasized that personnel decisions are on hold until after the election, focusing instead on building the necessary infrastructure…