News

BitMEX Bitcoin Crash to $8900 Sparks Turmoil

An unexpected sell-off on BitMEX led Bitcoin to crash to $8900, causing a ripple effect in the crypto market with over $600 million in futures wiped out.

Yagyesh Jaiswal

A rogue trader's massive Bitcoin sell-off on BitMEX crashes its price to $8900, sparking a market-wide downturn and resulting in over $600 million in losses for crypto futures traders.

Fidelity's Controversial Ethereum ETF Staking

Fidelity's Ethereum ETF application now includes staking, sparking debate over its impact on SEC approval and the future of crypto ETFs.

Yagyesh Jaiswal

Fidelity's Ethereum ETF amendment introduces staking, facing mixed reactions about its potential effect on SEC's approval process amid regulatory concerns.

BTC Tumbles Below $64K, $620 Million Liquidated

Bitcoin fell below the pivotal $64,000 support level for the first time in 2 weeks, leading to over $620 million in leveraged long positions getting liquidated on major crypto exchanges.

Yagyesh Jaiswal

The breakdown of the key $64K level washed out significant long leverage that had built up over the past month. Both long and short traders scrambled to re-enter the market amidst the volatility, potentially setting the scene for further price movements in the near term.

OKX Removes USDT Pairs to Comply with MiCA

Leading cryptocurrency exchange OKX has discontinued USDT trading pairs in Europe to get ahead of MiCA, signaling the industry's focus on regulatory compliance.

Yagyesh Jaiswal

By proactively delisting USDT, OKX aims to establish itself as Europe's preferred venue for crypto trading. This strategic shift shows how exchanges are adapting to increased supervision under emerging regulations like MiCA.

APAC Leads in Web3 Innovation Globally

The Asia Pacific region is pioneering the global Web3 movement through advanced regulations, a tech-savvy population, and leading industry projects, positioning itself as a leader in the future of technology.

Yagyesh Jaiswal

The Asia Pacific (APAC) region leads in Web3 innovation, thanks to proactive government regulations, a digital-native workforce, and significant industry projects. This strategic approach is setting APAC apart as a global leader in blockchain and digital asset technologies.

MicroStrategy's Bold Bitcoin Strategy: A Double-Edged Sword

JPMorgan analysts caution that MicroStrategy's strategy of using debt to buy Bitcoin could intensify market downturns, amid concerns over the approach's sustainability.

Yagyesh Jaiswal

MicroStrategy's plan to raise up to $600 million for Bitcoin purchases through debt has drawn warnings from JPMorgan analysts, who caution that this could exacerbate market volatility.

ETH & XRP Tank While SOL Stays Strong

Learn about the divergence in performance between Ethereum, XRP, and Solana amid a broader crypto market correction in March 2024.

Yagyesh Jaiswal

While Ethereum and XRP sell off sharply below key support levels, Solana emerges relatively unscathed and even charts new heights, signaling a potential market shift away from larger legacy coins toward faster blockchains.

NodeMonkes' Surge Lifts Bitcoin NFTs Passing ETH Collections

Discover the recent NodeMonkes NFT floor price surge by over 50%, outpacing Ethereum NFT collections like Bored Ape Yacht Club and taking over the number 2 spot in total market cap.

Yagyesh Jaiswal

The trading activity and valuations of top Bitcoin NFT collections like NodeMonkes and Runestone indicate growing interest among collectors in owning NFTs associated with the original cryptocurrency. As Ethereum gas fees remain high, some traders are shifting to alternative blockchains for lower costs and better user experiences.

Michael Saylor Shares MicroStrategy's Vision For Bitcoin

Discover the insights from MicroStrategy CEO Michael Saylor on the company's long-term strategy of accumulating Bitcoin and treating it as the best store of wealth over generations.

Yagyesh Jaiswal

Saylor provides a compelling vision for Bitcoin as a dominant store of value rivaling real estate and gold. MicroStrategy aims to secure its position as one of the largest Bitcoin holders for decades to come.

U.S. Study Finds Existing IP Laws Cover NFTs

A new study by the USPTO and Copyright Office has found that current intellectual property laws are sufficient to address copyright issues with non-fungible tokens, and no NFT-specific legislation is needed at this time.

Yagyesh Jaiswal

While some concerns around misappropriation were raised, the study concluded that on balance, the evolving NFT space is best served by allowing current laws to adapt rather than imposing premature additional rules that could hinder innovation. Overall risks appear manageable under the present framework.

UK Court Denies Wright's Claim as Bitcoin Creator

In a decisive ruling, the UK High Court confirmed Craig Wright is not Satoshi Nakamoto, Bitcoin's creator, in a case against the Cryptocurrency Open Patent Alliance (COPA).

Yagyesh Jaiswal

The UK High Court's ruling confirms that Craig Wright is not Satoshi Nakamoto, Bitcoin's creator, or the author of the Bitcoin whitepaper, offering closure to the crypto community.

Ethereum Phishing Scheme Leads to $2 Million Loss

A recent phishing attack targeting Ether.Fi has resulted in a loss of 501 ETH, valued at approximately $2 million, highlighting the ongoing threat of crypto phishing scams.

Yagyesh Jaiswal

A sophisticated phishing scheme has led to the theft of over $2 million in Ethereum from a crypto investor using the liquid restaking protocol Ether.Fi, amid a year where phishing scams have already claimed over $100 million from the crypto community.

The Bee Movie Script Posted for Just $5 After Dencun Upgrade

Developers take advantage of reduced gas fees on Ethereum following the Dencun upgrade by uploading the full script of Jerry Seinfeld's "Bee Movie" to the blockchain for just $5.

Yagyesh Jaiswal

Ethereum's latest upgrade slashed data fees, allowing memes and niche pop culture references to spread on the blockchain in novel ways. Uploading the full text of the "Bee Movie" script spotlighted how improvements to layer 2 scaling can deliver cost savings for applications.

MicroStrategy's Bold Move: Raising $500M for More BTC

MicroStrategy announces a plan to raise $500 million through bonds to expand its Bitcoin holdings, reinforcing CEO Michael Saylor's belief in Bitcoin as the "apex property."

Yagyesh Jaiswal

MicroStrategy is gearing up to secure an additional $500 million through bonds to purchase more Bitcoin, following a successful $700 million bond sale, highlighting its commitment to investing in what CEO Michael Saylor calls the "apex property."

Bitcoin to $1M: Samson Mow's Bold Forecast

Samson Mow, CEO of Jan3, predicts Bitcoin will reach $1 million by next year, fueled by unprecedented demand and the upcoming halving. Learn more about the factors driving this bold prediction.

Yagyesh Jaiswal

Samson Mow predicts Bitcoin could hit $1 million sooner than expected, driven by supply constraints, the upcoming halving, and increasing institutional interest, marking a significant milestone in the cryptocurrency's journey.

Bitcoin Soars, Driven by ETF Record Inflows

Bitcoin reaches a new all-time high of $73.6k, driven by an unprecedented $1 billion influx into ETFs, marking a significant moment in cryptocurrency investment.

Yagyesh Jaiswal

Bitcoin has soared to a new all-time high of $73.6k, buoyed by a record $1 billion inflow into US-based ETFs, with BlackRock's iShares leading the charge.

Coinbase's Strategic $1 Billion Bond Offering Amid Crypto Boom

Coinbase plans a $1 billion bond offering, leveraging the crypto market's upward trend to fuel expansion while protecting shareholder interests.

Yagyesh Jaiswal

Coinbase aims to raise $1 billion through a bond offering to capitalize on the current bullish crypto market, using funds for growth initiatives and safeguarding shareholder value.

Bitcoin Futures Open Interest Peaks To $34B

Bitcoin futures open interest set a new record on March 13th, 2022, surpassing $34 billion as institutions flock to the cryptocurrency.

Yagyesh Jaiswal

The explosive growth in bitcoin futures open interest signals growing institutional adoption and bullish sentiment, though high funding rates could signal an impending pullback.

The Dencun Upgrade: Lowering Fees and Boosting Scalability

A look at the Dencun upgrade, which was successfully implemented on the Ethereum mainnet on March 13th, and how it aims to lower transaction fees on layer 2 networks and boost Ethereum's overall scalability.

Yagyesh Jaiswal

The Dencun upgrade incorporates key EIPs that enhance data availability and help establish Ethereum as a more scalable settlement layer. While fee reductions won't directly impact mainnet users, the upgrade is an important step toward making layer 2 transactions more affordable and accessible.

White House Forecasts Bitcoin Price: Reveals a $250K Target

An expert shared an analysis suggesting the White House's 2025 budget indicates they foresee Bitcoin reaching $250,000 by 2035 due to expected tax revenues from increased crypto adoption. Other experts weigh in.

Yagyesh Jaiswal

This article explores an expert's claim that the White House expects huge crypto growth leading to $250k Bitcoin by 2035 according to their budget, and gets perspective from other analysts on crypto's long-term potential.

Trump Recognizes Bitcoin's Rise, Affirms Dollar's Reign

Donald Trump sees Bitcoin as a growing form of currency but emphasizes the importance of the US dollar's global supremacy.

Yagyesh Jaiswal

Donald Trump acknowledges the rise of Bitcoin and other cryptocurrencies but reiterates his support for the US dollar as the world's primary reserve currency, highlighting a balanced approach to crypto regulation.

Ripple's XRP Achieves 4-Month High with a 15% Surge

Ripple's XRP token leads the top 10 digital assets with a notable 15% surge, reaching a four-month high amidst a broader market rally and discussions of real-world utility.

Yagyesh Jaiswal

Ripple's XRP token outperforms other top 10 cryptocurrencies with a significant 15% increase, hitting its highest price since November. CEO Brad Garlinghouse emphasizes the importance of real-world utility alongside market rallies.

Thai SEC Allows Institutions & Investors Crypto ETF Access

Thailand's Securities and Exchange Commission has amended its rules to allow institutional investors and wealthy individuals exposure to crypto exchange-traded funds on US exchanges.

Yagyesh Jaiswal

After denying Bitcoin ETF applications earlier in the year, the Thai SEC sees the benefits of regulated crypto investment vehicles and takes a balanced approach to managing risks for sophisticated investors.

Grayscale Plans Spin-Off as VanEck Scraps Fees until 2025

Grayscale is considering a spin-off of its flagship Bitcoin fund GBTC. At the same time, VanEck has eliminated fees on its Bitcoin ETF until 2025, intensifying competition in the fast-growing cryptocurrency investment vehicle market.

Yagyesh Jaiswal

Grayscale and VanEck have turned up the heat in the Bitcoin ETF space through pivotal announcements that cut fees or restructure flagship funds. Only time will tell which strategy proves most effective at attracting the billions of dollars flowing into this fast-maturing sector. For investors, the ETF gold rush creates a wealth of low-cost opportunities to access the surging cryptocurrency markets.

London Stock Exchange launches Bitcoin and Ethereum Investment Products

The London Stock Exchange announces plans to list Bitcoin and Ethereum exchange-traded notes (ETNs), offering new investment opportunities exclusively for professional investors.

Yagyesh Jaiswal

The London Stock Exchange is set to list exchange-traded notes (ETNs) based on Bitcoin and Ethereum in Q2, following the Financial Conduct Authority's approval, but retail traders will be excluded from these investment options.