TRON DAO at Cornell Blockchain Conference
Through DeFi panel discussions with industry leaders, TRON DAO cemented its role in fostering education and the future of decentralization.
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Crucial Decision Coming for Bitcoin, Says Crypto Trader Michaël van de Poppe – Here’s His Outlook
A widely followed crypto strategist and trader says that it’s almost time for Bitcoin (BTC) to reveal its hand. Analyst Michaël van de Poppe tells his 718,100 followers on the social media platform X that Bitcoin is at a point where it either attacks a new all-time high or sees another big sell-off event. According […]
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Round Two of Crypto Bull Market Coming Up, With One Memecoin Ready To Lead the Pack: Analyst
A widely followed crypto analyst is predicting that Bitcoin (BTC) is about to take off on another bull run after chopping around for weeks. Pseudonymous crypto trader Inmortal tells his 213,800 followers on the social media platform X that Bitcoin appears to be mirroring a 2020 pattern of trading around the prior cycle’s all-time high […]
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Robinhood Crypto launches Solana staking with 5% APY for EU users
Robinhoods European crypto branch launched Solana staking, offering roughly 5% APY at launch, slightly below Coinbase.
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Deutsche Bank Explores Blockchain-Based Asset Tokenization
Deutsche Bank has announced its collaboration with the Monetary Authority of Singapore’s Project Guardian, a multi-year initiative aimed at exploring the potential of asset tokenization in regulated financial markets. The banking giant will test an open architecture and interoperable blockchain platform for servicing tokenized and digital funds. This move signifies Deutsche Bank’s commitment to leading […]Wisconsin Pioneers State-Level Bitcoin Investment in the U.S.
In a landmark move, Wisconsin has become the first U.S. state to invest in bitcoin, underscoring the growing institutional interest in cryptocurrencies. The State of Wisconsin Investment Board, which manages over $156 billion in assets, purchased 94,562 shares of Blackrock’s Ishares Bitcoin Trust, worth nearly $100 million, and also acquired shares of Grayscale’s Bitcoin Trust […]Dan Tapiero Says Bitcoin Turning ‘Scary Bullish,’ Unveils BTC Price Target After Clear Break of This Level
Macro investor and fund manager Dan Tapiero believes Bitcoin (BTC) is gearing up to print fresh all-time highs (ATHs). The CEO of investment firm 10T Holdings tells his 115,600 followers on the social media platform X that Bitcoin could soar more than 45% from its current value if it crosses $65,000 again. “Starting to look […]
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Vanguard Appoints Crypto-Friendly Salim Ramji as CEO, Sparks Speculation on Bitcoin ETFs
Salim Ramji, a former executive at Blackrock renowned for his leadership in Ishares and Index Investments, and for overseeing the filing for Blackrock’s Ishares Bitcoin Trust, has been appointed the new CEO of Vanguard, signaling a potential shift in the asset management firm’s stance on cryptocurrencies. Ramji, set to replace Tim Buckley on July 8, […]4 things Google Gemini users will be able to do soon
Google boss Sundar Pichai unveiled that its AI model Gemini is getting put into a slew of the company’s products and services, including its flagship Search product.
Google’s artificial intelligence (AI) model Gemini is being weaved into much of the tech giant’s technology. The AI will soon appear in Gmail, YouTube and the company’s smartphones.
In a keynote speech at the company’s I/O 2024 developer conference on May 14, Google CEO Sundar Pichai revealed some of the upcoming places its AI model will appear.
Pichai mentioned AI 121 times in his 110-minute keynote as the topic took center stage, and Gemini, which launched in December 2023, took the limelight.
Industry Experts Foresee Massive Growth for Crypto Market, Predictions up to $100 Trillion
Raoul Pal, a well-known financial sector figure, predicts a significant expansion of the cryptocurrency market, forecasting its market capitalization could reach $100 trillion due to global liquidity trends and technology adoption. His analysis is underpinned by observations of the global liquidity cycle, which has been influencing asset growth since 2008, along with the rapid adoption […]Metaplanet Unveils ‘Bitcoin-First’ Strategy to Face Japan’s Economic Weakness
Metaplanet, a Tokyo-listed public company, has unveiled a “bitcoin first” strategy to combat the Japanese economy’s weakness and the yen’s devaluation. In a document shared on social media, the company stated it will adopt bitcoin as a reserve asset, taking advantage of the available possibilities for increasing its holdings. Metaplanet Announces Bitcoin First Approach, Unveils […]Bitcoin could top $100K but only if ‘high-yield rate’ falls below 7% — Analyst
Bitcoin needs the high yield rate to fall as low as 6% to reach a “sustainable all-time high,” says crypto analyst Timothy Peterson.
One analyst says only one main indicator is necessary to predict whether Bitcoin can surpass its all-time high of $73,700 later in 2024, and it all rests on the shoulders of the United States Federal Reserve.
“The U.S. high yield rate is a great indicator, and it really needs to drop below 6 or 7% for a sustainable all-time high,” Timothy Peterson, Cane Island Alternative Advisors founder and investment manager, told Cointelegraph. He explained that the primary measure he looks to for Bitcoin (BTC) price action is interest rate movement.
At the time of publication, the U.S. high yield rate — which represents the rate of high-yield corporate bonds because of their higher risk of default — is 7.54%, according to YCharts data.
Defi Protocol Sonne Finance Reports Major Security Breach, $20 Million Lost to Hackers
Sonne Finance, a decentralized liquidity market protocol, was hit by a cyberattack, with initial losses of $3 million in USD Coin and Wrapped Ethereum from its Optimism chain quickly escalating to $20 million, as detected by blockchain security firm Cyvers on May 15. Following the attack, Sonne Finance suspended its Optimism Market and assured that […]Leading Trader Criticizes Worldcoin’s ‘Predatory’ Tokenomics, Labels WLD a Fake $60B AI Coin
The Worldcoin project’s predatory tokenomics will not result in the “greatest transfer of wealth” to the masses but a transfer to the “pockets of the Worldcoin team and insiders,” a top-ranked trader has asserted. The top trader also accused project promoters of using Open AI co-founder Sam Altman’s past endorsement of Worldcoin to prop up […]Moonpay Donates $1 Million to Stand With Crypto
Moonpay, one of the largest cryptocurrency onramp and offramp providers, has donated $1 million to Stand With Crypto, a nonprofit that seeks to rally American voters around the cryptocurrency cause. Moonpay CEO Ivan Soto-Wright stated that the donation made would contribute to creating an innovation-fostering crypto framework by helping choose crypto-friendly officials. Moonpay Contributes $1 […]Billionaire Peter Thiel’s Venture Capital Firm Leads Polymarket’s $45 Million Series B Funding Round
Billionaire Peter Thiel’s Founders Fund recently led the Series B funding round for the crypto-based prediction markets platform, Polymarket, which raised $45 million. The latest round valued Polymarket lower than the $1 billion it had anticipated before the Commodity Futures Trading Commission proposed a ban on events betting contracts. CFTC Seeks to Clamp Down on […]The Gaming Revolution – Why On-Chain Purchases Are the Future
‘Fortnite’ skins and PokéCoins may not seem more like a fun gimmick than an in-game necessity, but these kinds of in-game purchases make up an enormous $70 billion-plus market. In-game purchases have been around for a minute. The first microtransaction sold by a major publisher was in 2006 when Bethesda sold horse armor in ‘The […]
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Openai Co-Founder Ilya Sutskever Steps Down, Jakub Pachocki Named New Chief Scientist
Ilya Sutskever, a co-founder and the chief scientist at Openai, announced his departure from the company after nearly a decade to work on a “personally meaningful” project, without specifying further details. Jakub Pachocki, previously the director of research at Openai since 2017 and the lead on the development of the GPT-4 large language model, has […]El Salvador mines nearly 474 Bitcoin using volcanic geothermal power
El Salvador’s volcano-powered mining adds nearly 474 Bitcoin to its holdings.
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Vanguard set to appoint ex-BlackRock ETF chief as next CEO: WSJ
Salim Ramji set to be Vanguard’s new CEO, igniting talks on the company’s crypto policy with his prior Bitcoin ETF experience at BlackRock.
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Cypher core contributor admits to stealing $260K and gambling it away
The contributor, “hoak,” said their actions were due to a “crippling gambling addiction” and “psychological factors that went by unchecked.”
An anonymous core contributor to the Solana exchange Cypher Protocol has confessed to stealing and gambling away around $260,000 worth of the project’s cryptocurrency recovered from a $1 million exploit last year.
“The allegations are true, I took the funds and gambled them away. I didn’t run away with it, nor did anyone else,” the contributor, who goes by “hoak” wrote in a public statement they shared in a May 14 X post.
Anonymous Cypher contributor “Barrett” had earlier posted a document to X alleging that a wallet owned by hoak made 36 transactions withdrawing various amounts of Ether (ETH), Bonk (BONK), Wrapped Solana (wSOL) and other cryptocurrencies from Cypher’s redemption contract — totaling around $260,000.
Crypto Broker Fined Nearly $1.7M for Illegally Providing Access to Digital Asset Exchanges
On May 13, the Commodity Futures Trading Commission announced it had fined crypto brokerage firm Falcon Labs Ltd. approximately $1.7 million. The fines are penalties for the firm’s illegal facilitation of U.S. residents’ access to digital asset derivative exchanges. The commission has urged digital asset intermediaries in similar situations to report their activities to the […]From Historic Banking Family to BTC — Rothschild-Linked Firm Invests in Bitcoin ETFs GBTC and IBIT
According to a recent earnings filing, Edmond de Rothschild Holding S.A., a private banking and asset management entity linked with the distinguished Rothschild banking family from France, holds shares in Grayscale’s GBTC and Blackrock’s IBIT. Edmond de Rothschild Holding’s 13F Filing Reveals Investment in Grayscale and Blackrock Bitcoin ETFs For years now, speculative discussions on […]Here’s why US debt is out of control — and Japanese debt isn’t
Japanese debt might be high, but it isn’t comparable to American debt, which is set to trigger a financial implosion — and light a spark under Bitcoin.
On the face of it, the United States’ debt to GDP ratio doesn’t seem that bad on a global scale. In 2023, it was lower than the average for G7 nations — at 123% — and roughly half of the most indebted country in the world, Japan, where debt stood at a whopping 255% of GDP in 2023.
Looking at the numbers alone, it would be easy to brush this off as a non-issue. After all, Japan has managed to navigate its growing debt pile relatively well over the years. Its economy remains stable, while the Nikkei 225 index is up around 31% over the last year (as of May 10), outperforming the S&P 500. In reality, though, the economic situations in the two countries couldn’t be more different, which means that what works for Japan is unlikely to work for the U.S.
The glaring difference between the two is the composition of their debt ownership. In Japan, nearly 90% of debt is owned domestically by its citizens and institutions. By contrast, roughly a quarter of U.S. debt is held by international debt buyers. And so needs to ensure that its debt remains attractive to them by paying a high enough yield versus its global competitors — especially as this debt rises to higher and higher percentages of GDP, meaning that it becomes riskier to lend to the government.
Trader Predicts 1,660% Rally for Under-the-Radar Altcoin, Updates Outlook on Shiba Inu and Chainlink
A closely followed crypto strategist believes that astronomical gains are on the horizon for an altcoin initially built on the Ethereum (ETH) blockchain. Analyst Ali Martinez tells his 62,100 followers on the social media platform X that the native asset of a supply-chain management project VeChain (VET) appears to be mirroring its previous cycle’s market […]
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Lido co-founders back EigenLayer rival Symbiotic — report
Lido co-founders and Paradigm secretly fund Symbiotic, a new competitor to EigenLayer in the DeFi restaking space.
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Andrew Tate Pours $6M Into Gamestop as Meme Stock Craze Continues to Shock Wall Street
The frenzy surrounding GME and AMC remains ongoing, with both stocks experiencing increases of 200% and 150%, respectively, over the past five days. In the midst of this excitement, CNBC’s Mad Money host Jim Cramer suggested that the companies would be foolish not to seize the opportunity to raise capital by issuing shares. Socialite Andrew […]State of Wisconsin Unveils $163,000,000 in BlackRock and Grayscale Bitcoin ETF Holdings
One US state is revealing large holdings in two significant Bitcoin (BTC) trusts. New 13-F Filings with the U.S. Securities and Exchange Commission (SEC) reveal that The State of Wisconsin Investment Board has BTC exchange-traded fund (ETF) holdings with Blackrock’s iShares Bitcoin Trust (IBIT) and Grayscale’s Bitcoin Trust (GBTC) totaling near $163 million. IBIT and GBTC are the top two Bitcoin-based ETFs by trading […]
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SEC tries again for Debt Box suit dismissal with option to refile
The SEC says case dismissal without prejudice is “normally granted” when a plaintiff requests it, but the court has criticized the agency’s current suit.
The United States Securities and Exchange Commission (SEC) has made another move in its attempt to have its case against cryptocurrency mining software firm Digital Licensing, doing business as Debt Box, dismissed. The agency filed a reply to its motion for the court to dismiss the case without prejudice, which would allow the agency to sue Debt Box again.
The U.S. District Court for Utah Northern Division sanctioned the SEC for “gross abuse of power” and dismissed its first attempt to have the case dismissed without prejudice. It also ordered that Debt Box should receive reimbursement of legal fees. Debt Box asked the court not to dismiss the case without prejudice, calling the move a ploy to avoid permanent dismissal.
The SEC argued that the ability to refile an action was in the interests of Debt Box investors, and precedent showed that the court “normally should grant” a plaintiff’s request for dismissal without prejudice. It stated:
Crypto investment funds intake $130M, while filings reveal new spot BTC ETF purchasers
Inflows to crypto investment funds top $130 million, and 13F filings reveal new institutional investors’ spot BTC ETF positions.
Cryptocurrency investment products saw inflows totaling $130 million in the week ending May 6, reversing a five-week streak of outflows, according to CoinShares.
According to CoinShares’ “Digital Asset Fund Flows Weekly” report published on May 13, institutional investors increased their exposure to digital assets, with crypto investment products seeing total inflows of $130 million this past week.
Once again, the lion’s share of movement was attributed to Bitcoin (BTC) investment funds, which received $144 million in inflows.