Month: June 2024

Hedge Funds Heavily Betting For Bitcoin To Fall: Will This Strategy Fail?

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Looking at the formation in the daily chart, there is no relief for Bitcoin at spot rates. Following the flash crash on June 6, prices reversed sharply from the $72,000 level, further highlighting the significance of the liquidation level. In the past, Bitcoin prices have recoiled from this level, with analysts expecting a short squeeze to print once this line is breached. Hedge Funds Are Short Selling Bitcoin Futures: Will This Strategy Backfire? Amid this slip, one analyst on X notes that hedge funds and Wall Street firms have increasingly…

Top Crypto Exchange Binance Reaches 200,000,000 User Milestone

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The world’s largest crypto exchange has reached a new milestone despite facing legal and regulatory battles. In a post on social media platform X, Binance thanks members of its community for helping the crypto exchange achieve a global user base of over 200 million.  “Today, we celebrate 200 million – and it’s all because of YOU! Your support is the heartbeat of our journey to one billion users.” Aside from growing its users to more than twice the population of Germany, Binance is also the leading crypto exchange in terms…

Uniswap (UNI) Labs Acquires Blockchain-Based Interactive Game, ‘Crypto: The Game’

Uniswap (UNI) Labs Expands with New Acquisition In a significant move to diversify its portfolio and enhance user experiences, Uniswap Labs has acquired Crypto: The Game (CTG), an interactive, onchain survival game, according to Uniswap Protocol. This acquisition marks a strategic move for Uniswap Labs as it aims to integrate more interactive onchain activations for its growing community. The CTG team will join forces with Uniswap Labs to continue their work on the highly anticipated Season 3 of the game. Additionally, the team will experiment…

Solana (SOL) Heavyweights Wage War Against Private Mempool Operators

Over 30 validator operators were kicked off the Solana Foundation Delegation Program over the weekend, a source familiar with the matter said. While they remain validators on the network, they’re no longer eligible to receive what amounted to payout boosters for validating transactions on the Solana blockchain. Many of the operators were Russians, another source said. Source

Senate Bill Could Open Crypto to U.S. Sanctions, but Industry Trying to Head it Off

“Overall, we’re aligned with the goal of the legislation to cut off funding for foreign terrorist organizations, and I appreciate that it limits coverage to those groups that have ‘knowingly’ facilitated funds to bad actors,” Carbone said, adding that the legislation isn’t entirely bad or good. But the guidelines for identifying violators and the lack of a proportional – perhaps tiered – sanctions system could be problematic, he argued, and he said it puts too much authority in the hands of the U.S. Treasury Secretary. Source

Major Bitcoin Metric Breaks 3-Month Downtrend Amid Bullish Network Recovery

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The Bitcoin on-chain metrics continue to show bullish signs that a parabolic breakout is imminent for the flagship crypto. The latest of these metrics is a significant turnaround in Bitcoin’s network activity, which could further provide bullish momentum for the crypto token.  Bitcoin Sees Surge In Network Activity  Crypto analyst Ali Martinez revealed in an X (formerly Twitter) post that the number of daily Bitcoin addresses had broken a downtrend that began on March 5. He added that 756,480 Bitcoin addresses have been active in the last 24 hours. Martinez…

Robert Kiyosaki’s $350K Bitcoin forecast highlights 5thScape’s role in reaching it

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Kiyosaki forecasts Bitcoin hitting $350K by August 25, 2024, sees potential in cryptos like 5thScape with its advanced blockchain technology. Robert Kiyosaki, the author who published the famous book “Rich Dad Poor Dad,” has recently set a target of $350,000 for Bitcoin by August 25, 2024. In a daring remark that shows Kiyosaki’s lack of confidence in today’s U.S. leadership, he identifies Biden, Yellen, and Powell as influencers of…