Ethereum (ETH), the second largest cryptocurrency by market cap is grappling with shifting market sentiments, as investor attention remains focused on the possibility of a spot ETF approval by May 2024. With probabilities fluctuating and market sentiments evolving, Daan Crypto Trades highlights key scenarios that could impact ETH’s performance in the coming months. Ethereum ETF...Read More
Shiba Inu, a popular cryptocurrency, is poised for a substantial rally, according to leading market analyst Xanrox. Amidst its recent recovery from losses, crypto analyst Xanrox predicts SHIB could reach a new all-time high (ATH) by July, anticipating further parabolic price surges. Is a 300% surge incoming? Let’s find out. Shiba Inu’s Resilience Amidst Market...Read More
According to a decision by Judge James Mellor on March 14, as reported by BitMEX Research, Craig Wright, an Australian computer scientist who has claimed since 2016 to be Satoshi Nakamoto, the enigmatic founder of the Bitcoin network, is not the real Nakamoto. The lawsuit, initiated by the Crypto Open Patent Alliance (COPA) against Wright,...Read More
The past week saw a tornado of events from x accounts getting hacked to 99% of token downfalls. From platforms recovering stolen funds to hackers hijacking the official websites. Deep dive into this weeks crypto hack roundup and witness with us the herald of crypto hacks that happened over the week. MicroStrategy’s X account hacked;...Read More
The ongoing trial concerning the identity of Bitcoin’s enigmatic creator, Satoshi Nakamoto, took a significant turn today as Craig Wright faced allegations of tampering with crucial evidence. Wright, who asserts himself as Satoshi Nakamoto, has faced skepticism within the community. As the trial goes through the authenticity of critical emails supporting his claim, Wright finds...Read More
In a recent development reported by the Wall Street Journal on February 22, 2024, the court in Montenegro has ruled that the infamous cryptocurrency entrepreneur Do Kwon should be extradited to the U.S. to face trial on fraud charges, rejecting his native South Korea as the extradition location. The High Court in Podgorica, Montenegro, delivered...Read More
Jupitеr, a prominent investment firm, has recently madе hеadlinеs for rеvoking its investment in thе 21Sharеs Ripple XRP exchange tradеd product (ETP). The dеcision came as a result of rеgulatory concerns in Irеland, which the firm’s compliance division flagged thе invеstmеnt leading to its cancеllation. Jupiter sells investment for a minor loss of $834 In...Read More
The banking giant JPMorgan has raised concerns about Tether possibly being controlled by U.S. authorities soon. Despite its offshore base, Tether’s dominance and regulatory challenges could reshape the stablecoin landscape in the States. Tether’s Vulnerability to U.S. Authorities JPMorgan’s report highlights the power of U.S. authorities, specifically the Office of Foreign Assets Control (OFAC), to...Read More
Renowned investor and entrepreneur Robert Kiyosaki has joined the conversation sparked by Andy Schectman’s crucial question: “Who is going to buy US Bonds?” While, Kiyosaki expressed his optimism about Bitcoin, foreseeing its dominance over traditional assets like gold and silver in the ETF race. Kiyosaki’s Take On Future Investment In a recent tweet, Kiyosaki talks...Read More
Tom Lee, a notable figure in the cryptocurrency space, has identified the launch of Bitcoin exchange-traded funds (ETFs) as a key catalyst for driving Bitcoin’s price higher. These ETFs are a big deal because they make it easier for regular people to invest in Bitcoin through their usual investment accounts. ETF: Making Bitcoin Accessible ETFs...Read More
Since plummeting from its peak in 2022, the Shiba Inu price has yet to experience any significant price surges. But with the crypto market now recovering and Bitcoin on the edge of reaching the $50,000 mark, investors are curious if SHIB could undergo a tenfold rally similar to its 2021 surge in the upcoming months...Read More
Ripple’s latest markets report for Q4 2023 reveals significant growth in XRP volume, outpacing other major altcoins like Solana (SOL), Cardano (ADA), BNB, and SHIB. This surge comes amidst notable legal victories and strides in global compliance efforts. Let’s delve into the details. XRP Volume Soars Amid Legal Wins The Ripple Q4 2023 report highlights...Read More
In the latest update of the XRP lawsuit, Ripple today has submitted a court filing seeking an extension of the deadline for additional financial disclosures. This move follows a significant ruling passed yesterday by U.S. District Judge Analisa Torres and Judge Netburn who favored the SEC’s demand for access to Ripple’s financial records. Ripple’s Filing...Read More
Individuals interested in cryptocurrency would likely be familiar with the term ‘Low-Cap Gem.’ These assets, alternatively known as ‘small-cap gems,’ are frequently regarded by experts as the most promising altcoins for the potential of substantial returns on investment. With a plethora of such projects available, it is crucial to choose those that are authentic. This...Read More
In a recent announcement, Binance, the world’s largest cryptocurrency exchange, revealed its decision to include Pyth Network’s PYTH token in its lineup of supported altcoins. This news sent ripples through the crypto community, especially as the price of PYTH surged by an impressive 25%, reaching $0.4923 shortly after the announcement Binance Lists PYTH Trading On...Read More
Arthur Hayes, BitMEX’s founder, recently explored factors shaping Bitcoin’s potential rally amidst challenges faced by New York Community Bancorp ($NYCB) and the broader banking sector. In a world where traditional finance meets cryptocurrencies, Hayes sheds light on potential impacts on Bitcoin’s value. Dive into Hayes’ analysis and discover if this is a golden buying opportunity...Read More
The spotlight is now on the potential approval of a spot Ethereum ETF, following the green signal for 11 spot Bitcoin ETFs. Although many people are wondering if a similar approval is in the cards for Ethereum. However, getting approval is tricky because of unclear rules from the Securities and Exchange Commission (SEC) about how...Read More
Alameda Research, an affiliate of the now-bankrupt cryptocurrency exchange FTX, has withdrawn its lawsuit against Grayscale Investments. The legal action, initially filed in a Delaware court in March last year, accused Grayscale of engaging in practices that enriched the company at the expense of shareholders. Alameda’s Withdraw Strengthens Grayscale’s Legal Position Alameda Research, an affiliate...Read More
The Spot Bitcoin Exchange-Traded Fund (ETF), a new product in the financial market, has just wrapped up its first week of trading. This event marks several key milestones in blending crypto with mainstream financial markets. Launched amid high expectations, the Spot Bitcoin ETF is a crucial move, providing a more regulated and safer option for...Read More
Grayscale, a prominent American digital asset management company has encountered substantial outflows in its Spot Bitcoin ETF, Grayscale Bitcoin Trust (GBTC). Many expert analysts attribute the outflows to factors such as elevated trading fees and potential accounting irregularities. Grayscale’s bumpy journey Despite obtaining approval for its Spot Bitcoin ETF from the United States Securities and...Read More
Binance, the largest cryptocurrency exchange by trading volume, with 76 billion every day which is the most trusted among investors has experienced many ups and downs in 2023 due to regulatory hurdles which might be CZ’s departure of the 4 billion settlement. According to TokenInsight which is token data the rating company reported that Binance...Read More
This week was full of hustle, anticipation, and excitement as many major developments came into existence and one of the major eye-capturing events was the approval of Spot Bitcoin ETF by the Securities and Exchange Commission. This approval news circulated tremendously on social media sites despite this many other major things happened in the crypto...Read More
Grayscale Investments, a key player in the cryptocurrency market, is preparing to move into new territory following the latest U.S. approval of spot Bitcoin ETFs with the Securities and Exchange Commission. In an exclusive interview with Wall Street Journal, Grayscale’s Chief Financial Officer, Ed McGee, sheds light on the financial implications and strategic changes the...Read More
The Chicago Board Options Exchange (CBOE) has announced its approval for the listing of the Invesco Galaxy Bitcoin ETF (BTCO) on its platform. The ETF, which is sponsored by Invesco, will provide investors with exposure to bitcoin through a traditional investment vehicle. The news is confirmed by Fox journalist Eleanor Terret on X (Twitter). The...Read More
Open Campus is all set to focus much on educational startups as it commits to funding $10 million for 100 startups. On Monday, 9th January 2024, Open Campus reportedly announced to the media that Open Campus Accelerator [OC-X] is ensuring 100 educational startups are brought on board, which will further complement Open Campus ID and...Read More
As the cryptocurrency industry continues to evolve, another 10 applicants are ready for the race including Valkyrie, Wisdomtree, Invesco/Galaxy, iShares, Ark/21Shares, and Vaneck, who have submitted updated S1-filing to the U.S. Securities and Exchange Commission (SEC) for the launch of Bitcoin spot exchange-traded funds (ETFs). What Benefit Investors Hold? These ETFs would authorize investors to...Read More
The Bitcoin community awaits with anticipation the SEC’s decision on the first U.S. spot Bitcoin ETF, a major step towards robust crypto market adoption. Analysts suggest a high likelihood of an SEC announcement this week, potentially triggering significant market movements following Bitcoin’s price reaction in response to the news. 5% Chance Of A Rejection Last...Read More
The US Securities and Exchange Commission (SEC) is about to make an important decision on Bitcoin exchange-traded funds (ETFs). In the past, the SEC said no to all ETF requests, but now there’s a chance they might say yes. Analysts think that one or more proposals could get approved as soon as Friday. People around...Read More
The race for the spot Bitcoin ETF is at its peak, as Valkyrie has filed a registration with the US Securities and Exchange Commission (SEC) for its spot Bitcoin ETF. This move follows similar actions taken by several other applicants, including Fidelity, Grayscale, and VanEck, increasing the likelihood of multiple approvals early next week. The...Read More
Fidelity Investments, the $4.5 trillion asset manager, has taken a pivotal step towards mainstream adoption of cryptocurrencies by filing for SEC registration of its spot bitcoin ETF again. SEC Registration The filing, which involves submitting SEC Form 8-A, is a critical step towards making the bitcoin fund available for public trading, pending regulatory approval. By...Read More
