Fundstrat’s head of research, Tom Lee, has doubled down on his $150,000 bitcoin price prediction, stating that the crypto could reach that price level this year. He cited three key reasons driving his bullish price forecast. Describing bitcoin as “sound money,” he emphasized that the cryptocurrency is incredibly secure and proving to be a good […] Original
In recent on-chain data from Spot On Chain, an Ethereum whale appears to have engaged in significant accumulation activity, sparking interest and speculation within the ETH community. According to the platform, the whale address in question has purchased a total of 64,501 ETH in the past three days, amounting to roughly $187 million at current market prices, Ethereum Whale Accumulation Spot On Chain reported that earlier today, the whale acquired approximately 13,526 ETH at an average price of $2,947 per ETH. This accumulation, valued at over $39 million, adds to the…
How does the approval of the first BTC spot ETF shed light on the challenges facing an XRP ETF? Amid the prevailing bullish sentiment in the market, a significant development has ignited anticipation and debate: the possibility of a Ripple (XRP) exchange-traded fund (ETF) entering the fray. At the center of this discourse lies Ripple CEO Brad Garlinghouse’s recent interview with Bloomberg on Feb. 20. During the interview, Garlinghouse conveyed cautious optimism regarding the prospect of an XRP ETF. While he expressed openness to the idea, he stopped short of…
The cryptocurrency space has been subject to high volatility after Bitcoin finally surged to $53,000. After hitting this level, the cryptocurrency faced notable declines in its value. However, a crypto analyst has predicted that the price might continue to surge, highlighting the enduring strength of Bitcoin’s upward momentum. BTC Price Needs To Hold Steady Despite the recent bearish trends seen in the last few days, a prominent crypto analyst, Michael van de Poppe, has maintained an optimistic outlook on Bitcoin’s price. Sharing a BTC price chart, the crypto analyst emphasized…
Gauntlet is a key player in decentralized finance (DeFi), its risk management services used by several of the largest crypto protocols and DAOs. Gauntlet served as a “Risk Steward” for Aave, which involved overseeing the platform’s risk levels, providing regular updates to the Aave community, and manually setting certain lending and borrowing parameters. Morrow said in his post that Gauntlet would begin “working with other contributors to find a replacement” Risk Steward so as not to leave the DAO high-and-dry. Source