Crypto and commodities poised for massive rally, says market analyst

September 15, 2024 Coin Telegraph

According to Michael van de Poppe, an upcoming surge in global liquidity, fueled by debt refinancing, could trigger the next Bitcoin bull run.

A notable market analyst believes the cryptocurrency and commodities markets could both be ahead of a parabolic rally.

This is because both crypto assets and commodities remain “extremely undervalued,” according to analyst and entrepreneur Michaël van de Poppe.

The analyst noted in a September 15 post on X that commodities were last valued at similar levels in 2000 and 1971.

Samson Mow Breaks Down Reality of Trump’s Crypto Reserve: Altcoin Free-for-All Incoming?

USDC issuer Circle announces HQ move to New York ahead of IPO

September 14, 2024 Coin Telegraph

Circle

2025 could bring stablecoins into the mainstream, after 2024 introduced a "turning point year in crypto," according to Circle's Allaire.

Stablecoin issuer Circle is moving its global headquarters to New York City, ahead of the firm’s planned Initial Public Offering (IPO).

Circle, the issuer of the world’s second-largest stablecoin USDC (USDC), is moving into “one of the top floors of 1 World Trade Center.”

The move was announced by Jeremy Allaire, the co-founder and CEO of Circle, who wrote in a Sept. 13 X post:

Samson Mow Breaks Down Reality of Trump’s Crypto Reserve: Altcoin Free-for-All Incoming?

Hong Kong should try to speed up crypto regulation: First Digital CEO

September 14, 2024 Coin Telegraph

Coin Telegraph

First Digital Trust, which provides crypto custody services for institutions, says that Hong Kong is not yet ready to regulate USD-backed stablecoins.

Hong Kong-based First Digital Trust expressed hopes that the city will accelerate the regulation of the digital assets sector, warning that it risks falling behind the rapid pace of industry development if it does not.

Hong Kong, aiming to position itself as a global hub for cryptocurrency, currently has only two fully licensed virtual asset trading platforms: Hash Blockchain and OSL Digital Securities. Many other crypto exchanges are still awaiting full operational licenses in the city.

“It is understandable its (Hong Kong’s) current approach to regulation in trading is more conservative and slower than some other jurisdictions since it prioritizes the protection of investors,” Vincent Chok, CEO of First Digital, told Cointelegraph in an exclusive interview. However, he pointed out:

Samson Mow Breaks Down Reality of Trump’s Crypto Reserve: Altcoin Free-for-All Incoming?

3 reasons why Ethereum price has lagged behind Bitcoin in 2024

September 11, 2024 Coin Telegraph

Bitcoin

Ethereum fell to a 40-month low in its ETH/BTC pair, and data suggests the downside is set to continue.

Ether’s (ETH) price is trading around a 40-month low against Bitcoin as it continues to trail BTC’s price performance in 2024.

ETH trades just 0.02% above its Jan. 1 opening, while Bitcoin (BTC) has surged approximately 36% in 2024.

Ether, Bitcoin year-to-date performance. Source: TradingView

Samson Mow Breaks Down Reality of Trump’s Crypto Reserve: Altcoin Free-for-All Incoming?

6% want to hear Harris and Trump talk about crypto at debate — Poll

September 10, 2024 Coin Telegraph

Coin Telegraph

The first and possibly only US presidential debate in 2024 will have the two candidates meeting in person for the first time.

Democratic nominee Kamala Harris and Republican Donald Trump are scheduled to face off at their first United States presidential debate on Sept. 10 — and, according to a recent poll, not many people expect the two candidates to discuss digital assets.

According to a survey conducted by Benzinga between Sept. 9 and 10 among 133 adults, only 6% were most interested in hearing either Vice President Harris or Trump talk about cryptocurrency. Roughly 45% said they preferred to listen to the presidential candidates discuss the economy and jobs, with 24% suggesting immigration be a topic.

The first and possibly only US presidential candidate in 2024, scheduled for 9:00 pm ET on ABC News, will occur 56 days before Election Day and six days before in-person early voting begins in Pennsylvania. Trump has claimed to be a Bitcoin (BTC) and crypto advocate as part of his 2024 campaign, while Vice President Harris has been largely silent about her position on digital asset policies.

Samson Mow Breaks Down Reality of Trump’s Crypto Reserve: Altcoin Free-for-All Incoming?

Harris aide suggests VP will ‘support policies’ for crypto industry growth

August 22, 2024 Coin Telegraph

Coin Telegraph

The Democratic presidential candidate has been largely silent on digital assets since launching her campaign on July 21.

An aide to Kamala Harris has reportedly said the Democratic presidential nominee will support policies favoring the digital asset industry if she wins the November election.

According to an Aug. 21 Bloomberg report, Harris senior campaign adviser Brian Nelson said the Democratic candidate would “support policies that ensure that emerging technologies and that sort of industry can continue to grow” in response to questions on engaging the crypto community. Nelson added that the industry needed “rules of the road” following the collapse of some firms, hinting at the cryptocurrency exchange FTX.

The comments from the Harris aide came during a roundtable event at the Democratic National Convention in Chicago. At the event, the Vice President will officially accept her party’s nomination for president in 2024 after Joe Biden’s departure.

Samson Mow Breaks Down Reality of Trump’s Crypto Reserve: Altcoin Free-for-All Incoming?

Solana ETF ‘still in play’ despite Cboe filing removal — VanEck exec

August 19, 2024 Coin Telegraph

bitcoin etf

VanEck is still advocating for its Solana ETF with regulators, said Matthew Sigel.

Asset manager VanEck’s plans for a Solana exchange-traded fund (ETF) are “still in play” despite the removal of Cboe Global Markets’ regulatory filing proposing to list the fund on its exchange, according to an X post by Matthew Sigel, VanEck’s head of digital assets research.

“Some have noticed that the 19b-4 for the VanEck Solana ETF has been removed from the CBOE website,” Sigel said, adding:

On July 9, national securities exchange Cboe filed a request with the United States Securities and Exchange Commission seeking to list VanEck’s and 21Shares’ planned SOL (SOL) ETFs and asking the SEC to make a final decision by March. The filing is referred to as a 19b-4 and is distinct from the S-1s filed by issuers.

Samson Mow Breaks Down Reality of Trump’s Crypto Reserve: Altcoin Free-for-All Incoming?

EigenLayer’s EigenDA touts 10x cut in data prices

August 19, 2024 Coin Telegraph

Coin Telegraph

The data availability protocol is also introducing a "free tier."

EigenDA, EigenLayer’s data availability protocol, has cut prices for its service by 10x and introduced a ‘free tier’, according to an Aug. 19 EigenLayer blog post.

EigenDA is a “data availability layer” operating on EigenLayer’s Ether (ETH) restaking platform designed to reduce the costs of storing and accessing onchain data for Ethereum’s layer-2 scaling chains. The price cut comes as EigenDA is pushing to onboard more layer-2s to its platform, which launched in April.

EigenDA’s mission is to make “reliable, scalable, and secure data availability (‘DA’) abundant,” according to the blog post. “In pursuit of this goal, and enabled by the scalability of its design, EigenDA strives to be the most price-performant DA solution.”

Samson Mow Breaks Down Reality of Trump’s Crypto Reserve: Altcoin Free-for-All Incoming?

Bitcoin analysts converge on a breakout in September — But is $86K possible?

August 19, 2024 Coin Telegraph

Bitcoin analysts converge on a breakout in September — But is K possible?

Analysis

Bitcoin could see a breakout to new all-time highs as soon as next month, but BTC must first tackle significant resistance around $59,500.

Bitcoin could see a breakout in September, based on historical chart patterns, and $86,000 could be the next major price target.

Bitcoin’s (BTC) price could be on track to an imminent breakout in September, based on previous post-halving chart patterns, according to popular analyst Rekt Capital.

The analyst wrote in an Aug. 18 X post to his 493,000 followers:

Samson Mow Breaks Down Reality of Trump’s Crypto Reserve: Altcoin Free-for-All Incoming?

Tokenized RWAs are ’a $30 trillion opportunity’ — Polygon exec

August 19, 2024 Coin Telegraph

Tokenized RWAs are ’a trillion opportunity’ — Polygon exec

Coin Telegraph

High-net-worth individuals and private equity funds will drive adoption, said Colin Butler.

Tokenized real-world assets (RWAs) represent a $30 trillion market opportunity globally, Colin Butler, Polygon’s global head of institutional capital, told Cointelegraph in an interview.

Adoption will largely be driven by high-net-worth individuals dramatically increasing portfolio allocations to alternative assets — such as private credit — as tokenization brings liquidity and accessibility to historically illiquid asset classes.

“The idea is that there are $300 trillion in global assets, half of which—$100 trillion—are owned by individuals with net worths between $1 million and $30 million” whose portfolio allocations to alternative assets are often negligible, Butler said.

Cryptocurrencies