Yagyesh Jaiswal

Biden Seeks Crypto Industry Input for 2024 Election Policies

President Biden’s campaign actively seeks input from the crypto industry to reformulate policies, marking a significant strategy pivot ahead of the 2024 elections.

Yagyesh Jaiswal

President Biden’s campaign is reaching out to the cryptocurrency industry for policy guidance, signaling a major shift in approach as the 2024 presidential election approaches.

BlackRock Boosts BTC With Millions Added To Two Bond Funds

Asset management giant BlackRock added $4.1 million of its iShares Bitcoin Trust (IBIT) ETF to two bond funds, demonstrating increased institutional interest in cryptocurrencies.

Yagyesh Jaiswal

By purchasing millions of dollars worth of the popular IBIT Bitcoin ETF, BlackRock expanded its Bitcoin exposure while positioning two bond portfolios to benefit from cryptocurrency adoption. This move reflects the firm's growing acceptance of digital assets.

BTC May Hit New ATH if May CPI Dips Below 3.3%

Discover a crypto analyst's prediction that Bitcoin will reach a new all-time high if the US CPI growth rate decreases below 3.3% in the May report.

Yagyesh Jaiswal

Bitcoin's price movements are closely tied to macroeconomic factors like inflation. A slower rise in the CPI could signal declining inflation pressures and boost confidence for the top cryptocurrency to climb to a renewed record peak.

PayPal Uses Solana to Boost PYUSD Adoption

PayPal expands its stablecoin PYUSD to the Solana blockchain, leveraging the network's high speeds and low costs to enhance transaction efficiency and promote broader adoption among users.

Yagyesh Jaiswal

PayPal adopts Solana's blockchain for its stablecoin PYUSD to capitalize on the network's efficiency, aiming to enhance payments and increase adoption among its vast merchant base.

Leveraged Ethereum Futures ETF Launches on CBOE

The upcoming launch of the first leveraged Ethereum futures ETF on CBOE may influence the SEC’s approval of spot Ethereum ETFs, marking a significant development in cryptocurrency investments.

Yagyesh Jaiswal

The first leveraged Ethereum ETF is set to debut on CBOE, potentially influencing the approval of spot Ethereum ETFs amidst growing interest from institutional investors.

Trump's Cryptocurrency Holdings Surpass $10 Million

Former President Donald Trump's cryptocurrency portfolio briefly topped $10 million in value, driven primarily by surging prices of the MAGA memecoin TRUMP, which he holds hundreds of thousands of tokens of.

Yagyesh Jaiswal

While Trump's crypto holdings have since declined alongside falling crypto markets, the spike demonstrates how individual investors can see their digital assets fluctuate wildly in value in this young industry.

Binance Accused of Misusing Victim Funds in South Korea

Cryptocurrency exchange Binance is facing investigations by South Korean authorities over allegations that it illegally sold crypto lender Genesis' claims and mishandled victims' funds from a suspended local exchange.

Yagyesh Jaiswal

As investigations continue, Binance must address serious accusations regarding its handling of user funds. The outcome could impact its operations in South Korea and set precedents for consumer protection in the crypto space.

JP Morgan Doubts Approval of Solana, Crypto ETFs Due to Regulations

JP Morgan expresses skepticism about the approval of Solana and other crypto ETFs, citing regulatory hurdles and the SEC's stringent classification of digital assets as securities.

Yagyesh Jaiswal

Amid the SEC's uncertain stance on Ethereum's classification, JP Morgan doubts the approval of ETFs for Solana and other cryptos, highlighting regulatory challenges.

Turbo: AI Memecoin Skyrockets to $618 Million Valuation

Discover the astonishing rise of Turbo, an AI-created memecoin, now valued at $618 million, highlighting the increasing interest in AI-driven crypto projects and the dynamics of memecoin mania.

Yagyesh Jaiswal

Turbo, an AI-generated memecoin, has surged to a $618 million market cap amid growing fascination with AI in crypto. Learn about its development, community-driven success, and future prospects.

Normie Hack Drains Liquidity, 90K Investor Loses $1.6M

Meme coin Normie suffered a catastrophic 99% price crash after attackers exploited vulnerabilities in the token's "copy-paste" smart contract, draining liquidity pools and causing investor losses of millions.

Yagyesh Jaiswal

The Normie meme coin project fell apart after attackers manipulated its total token supply through a contract exploit, completely draining liquidity pools. Key figures like the attacker's on-chain message offering to return some funds and the resulting $1.6 million loss of one investor are examined. Developers are warned to thoroughly review contracts before deployment instead of copying code without understanding.