News

Bitcoin 'Undervalued' With CPI Data, Debate Looming

Traders believe Bitcoin is undervalued with its highest level of security on record and upcoming CPI data. The debate between Trump and Harris boils this week's market action.

Yagyesh Jaiswal

Traders believe that Bitcoin is currently undervalued because of its robust network security. With the high-impact events happening this week - such as the release of the CPI data and the Trump-Harris debate, markets may be affected.

VanEck Transitions from Ethereum Futures to Spot ETF

Explore why VanEck announces the closure of its Ethereum futures ETF, EFUT, as the firm prioritizes its focus on spot Ethereum ETF, recently approved by the SEC.

Karim Noun

Explore why VanEck announces the closure of its Ethereum futures ETF, EFUT, as the firm prioritizes its focus on spot Ethereum ETF, recently approved by the SEC.

Navigating Recession Risks and Crypto Market Shifts

The Sahm Rule signals a high risk of recession in the US, However crypto may be set for a bullish reversal despite multiple bearish signals flashing. Favorable monetary policy shifts and oversold conditions could provide a market shift for cryptocurrencies in the coming months.

Karim Noun

The Sahm Rule signals a high risk of recession in the US, However crypto may be set for a bullish reversal despite multiple bearish signals flashing. Favorable monetary policy shifts and oversold conditions could provide a market shift for cryptocurrencies in the coming months.

Roaring Kitty's Cryptic Post Sends Chewy Memecoin Soaring

Keith Gill, alias "Roaring Kitty," led to a spurt in the Solana-based memecoin known as Chewy, with the ticker CHWY, by posting a cryptic X post on September 6, 2024.

Yagyesh Jaiswal

Keith Gill, the mastermind behind GameStop's short squeeze, has surprisingly come back to social media with a cryptic X post featuring the Solana-based memecoin, CHWY. The post drove a nearly 28% rally in CHWY while simultaneously triggering speculation about Gill's future engagement with Chewy.

Monochrome Files for Australia's First Spot Ether ETF

Monochrome Asset Management has filed for Australia's first spot Ether exchange-traded fund, or ETF, which it wants to list on the Cboe Australia toward the end of September 2024.

Yagyesh Jaiswal

Australian asset manager Monochrome, has filed for a spot Ether exchange-traded fund that will allow investors to invest directly into Ether. IETH, or Monochrome Ether ETF, will be made available via Cboe Australia by the end of September 2024.

Trump Backs Bitcoin, Picks Musk for Government Reform

Donald Trump reaffirms support for Bitcoin, plans to make America the "world capital of crypto," and selects Elon Musk to lead the government efficiency commission.

Karim Noun

Trump reaffirms support for Bitcoin and the crypto industry, promising regulatory clarity. He chooses Elon Musk to lead a government efficiency task force if re-elected.

Mastercard Launches Spend: Crypto Card for Self-Custody

Mastercard launches Spend, a multi-chain crypto debit card allowing crypto holders to directly pay from their self-custodial wallets, partnering with Mercuryo for seamless transactions.

Karim Noun

Mastercard launches Spend, a multi-chain crypto debit card allowing crypto holders to directly pay from their self-custodial wallets, partnering with Mercuryo for seamless transactions.

Donald Trump Forms Crypto Task Force with Elon Musk

Former US President Donald Trump has teamed up with tech entrepreneur Elon Musk for a task force that aims to make the United States the world's crypto capital.

Yagyesh Jaiswal

Former President Trump and SpaceX chief executive Elon Musk announced the formation of a task force that would put the United States at the heart of the digital currency industry.

Kamala Harris Embraces Crypto Donations for Campaign

Coinbase CFO reveals Kamala Harris' campaign is accepting crypto donations through the coinbase commerce platform. This move by the Democratic party indicates a huge shift in attitude towards digital currencies in the USA ahead of elections

Karim Noun

Coinbase CFO reveals Kamala Harris' campaign is accepting crypto donations through the coinbase commerce platform. This move by the Democratic party indicates a huge shift in attitude towards digital currencies in the USA ahead of elections

ZKB Launches 24/7 Bitcoin and Ethereum Trading

Explore how ZKB, the 4th largest bank in Switzerland is currently offering Bitcoin and Ethereum services such as trading and Custody. This strategic move highlights the growing digital asset adoption in traditional markets.

Karim Noun

ZKB, the 4th largest bank in Switzerland is currently offering Bitcoin and Ethereum services such as trading and Custody. This strategic move highlights the growing digital asset adoption in traditional markets

Solana Price Plummets 12% as Pump.fun Sells $41M in SOL

Following the sale of $41 million in SOL tokens by Pump.fun, the price of Solana has dropped 12%. Learn why it occurred and what can be predicted for the short term.

Yagyesh Jaiswal

The price of Solana tumbled sharply by 12% after the sale of $41 million worth of SOL tokens by memecoin platform Pump.fun. Discover the fall in price, the result of launching memecoin, and whether there is any hope for the price of Solana to be revived by the launch of a Solana ETF.

Crypto Market Cap Below $2T: Analysts Predict BTC Correction

The crypto market is sliding dramatically below the $2T mark. Analysts predict Bitcoin could go as low as below $54,000.

Yagyesh Jaiswal

The global crypto market cap dropped below $2 trillion, which analysts believed could dip Bitcoin below $54,000. Discover the leading causes of the drop.

FBI Warns of North Korean Cyber Threats to Crypto Industry

FBI warns crypto companies of sophisticated North Korean cyber attacks on ETFs and DeFi. Explore their tactics and protection measures.

Karim Noun

FBI alerts crypto industry about North Korean cyber threats, highlighting complex social engineering tactics. The warning covers potential attacks on crypto ETFs and offers protective steps for companies.

Terraform Labs Transfers $62.81M In BTC as Wind-Down Process Ends

Terraform Labs moves $62Million dollars during its final wind-down process. The transfer aligns with the company's settlement with SEC and marks the end of its operational support for Terra blockchain.

Karim Noun

Terraform Labs moves $62Million dollars during its final wind-down process. The transfer aligns with the company's settlement with SEC and marks the end of its operational support for Terra blockchain.

U.S. Crypto ETFs Lead Fund Launches in 2024

Explore how U.S. crypto ETFs, particularly those indexed to Bitcoin and Ethereum, have dominated fund launches in 2024, with BlackRock’s IBIT leading the charge.

Karim Noun

Crypto ETFs dominate U.S. fund launches in 2024, with BlackRock's IBIT leading by amassing nearly $21 billion in inflows, despite some recent market outflows.

VC Funding in Crypto Surges to $634 Million in August

Explore how August saw a 15% increase in VC funding for crypto startups, totaling $600 million, with most investments allocated in the blockchain infrastructure, DeFi, and the gaming sectors.

Karim Noun

Venture capital funding for cryptocurrency startups soared to $634 million in August, with a strong focus on infrastructure, while interest in DeFi and gaming also grew significantly.

Shiba Inu Faces September Slump: History Repeating Itself?

Shiba Inu has begun the month of September in a bearish trend, sliding 3%. Historically, SHIB performed poorly during September in previous years and mostly ended up in losses.

Yagyesh Jaiswal

Shiba Inu has begun the month of September in a bearish trend, sliding 3%. Historically, SHIB performed poorly during September in previous years and mostly ended up in losses.

WazirX Hacker Starts Laundering Funds via Tornado Cash

The hacker who siphoned $230 million from crypto exchange WazirX has reportedly started funneling the proceeds of the heist through Tornado Cash, a mixing service that greatly complicates the tracing of illicit transactions.

Yagyesh Jaiswal

The hacker who stole more than $230 million from the Indian cryptocurrency exchange WazirX has started moving the illicit proceeds using Tornado Cash, a mixer commonly utilized in laundering tainted cryptocurrency.

Ethereum Foundation Boosts 98 Projects with $8.5M in Grants

Explore how The Ethereum Foundation allocates $8.5 million in grants to support 98 projects, focusing mostly on community, education, and zero-knowledge proof technologies.

Karim Noun

Explore how The Ethereum Foundation allocates $8.5 million in grants to support 98 projects, focusing mostly on community, education, and zero-knowledge proof technologies.

Trump's Pro-Bitcoin Stance Boosts 2024 Election Chances

Explore Former President Donald Trump's engagement with the crypto community and its significant impact on the upcoming elections. According to a Poll, Crypto owners could swing the election as Trump leads Kamala Harris by 12 points among this group.

Karim Noun

A recent poll by (FDU) reveals that former President Donald Trump holds a 12-point lead over Kamala Harris mainly due to his Pro-Bitcoin Stance. This suggests that Trump's pro-crypto stance is resonating with a key demographic that could sway the 2024 election.

Ethereum Facing Inflationary Pressure

Look into some recent inflationary pressures that Ethereum has been under, and what this might mean for the ultra-sound money narrative with expert opinions and new updates.

Yagyesh Jaiswal

Understand the current inflationary pressures on Ethereum and how it is affecting its ultra-sound money status. Get the most updated relevant insights from experts.

Crypto ATMs Surge 17X in Australia Amid Concerns Over Misuse

Australia sees more than 17x rise in crypto ATMs over the past two years. Concerns are shown as to the use of these by fraudsters and in criminal activities.

Yagyesh Jaiswal

Discover how crypto ATMs surged 17-fold in two short years in Australia. But the growth also invites worries of possible misuse in scamming and money laundering.

El Salvador's Bitcoin Bet Yields $265M Profit

Discover how El Salvador's Bitcoin adoption has led to $265M profit and increased financial inclusion. Explore President Bukele's insights on Bitcoin's impact on the country.

Karim Noun

El Salvador's Bitcoin adoption has yielded a $265 million profit and improved financial inclusion. President Bukele highlights the positive impacts, including increased investments and tourism.

Ethereum ETFs See Positive Flows After 9-Day Slump

Explore how the US Ethereum ETFs broke more than a week of losing streak with $5.9 million in net inflows as well as the latest trends in ETF performance and their impact on the overall cryptocurrency market.

Karim Noun

Ethereum ETFs registered $5.9 million in net inflows after more than a week of outflows. Moreover, Excluding Grayscale’s ETH ETF, these funds have surpassed $2 billion in inflows in just 27 trading days.

BTC Exchange Reserves Declines as Price Surges

Bitcoin exchange reserves have dropped to a new yearly low, indicating a potential bull market as Bitcoin retests the $60,000 mark.

Yagyesh Jaiswal

It is believed to be a bullish sign since the reserves on the Bitcoin exchange are at their new yearly lows, while at the same time, the Bitcoin prices are back to retesting the $60,000 threshold with more potential to strengthen the market.