Month: July 2024

Market Strategist Predicts 32% Stock Market Crash, How Will This Affect Crypto?

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Peter Berezin, chief global strategist at BCA Research, has predicted that the stock market will experience a significant crash by 2025. His prediction is noteworthy, given the impact that a decline in the stock market could have on the crypto market. Market Expert Predicts 32% Crash In Stock Market Berezin mentioned in an interview that the S&P 500 will decline by 32% and drop to 3,750 by next year. He explained that this downtrend would occur due to a recession in the US, which he predicts could happen at year-end…

Is Germany done transferring their Bitcoin? 

According to blockchain data, the German government has transferred the last of its Bitcoin holdings, finalizing a nearly three-week long selling spree.  As of Friday, July 12, the wallets linked to German authorities hold no remaining Bitcoin (BTC), according to blockchain data from Arkham Intelligence. The German Government sent the last of their 3846.05 BTC to Flow Traders and 139Po.  Three weeks ago, the German government held 50,000 BTC worth nearly $3 billion. Then they started selling the asset and BTC corrected by roughly 18%. As crypto.news reported earlier in…

German Government Is Now out of Bitcoin, Arkham Data Shows

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The German government has sold its entire bitcoin holdings, according to data from crypto intelligence firm Arkham. “The German government is now out of bitcoin,” the firm wrote. This divestment began in June, with funds transferred to exchanges and institutional services. German Government Divests All Bitcoin Holdings The German government has sold all its bitcoin […] Original

XRP Price Eyes Colossal 280% Breakout Amid CME Group Partnership

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Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration…

DePIN Can Power a More Sustainable GenAI Industry

Many don’t realize that DePIN applications will start to pop up just as quickly. We’ll be given more opportunities to monetize our resources, whether that’s CPU, GPU or GPS history. There’s no reason these developments must be at odds with each other. In fact, they should develop in tandem. DePIN can help ensure AI development is energy-efficient and climate-friendly. In the AI age, GPU is the new oil, and we should treat it as such. Source

Fed Might Focus on Weakening Labor Market Rather Than Inflation as It Mulls Rate Cuts: Economists

“I do believe the labor market is going to be the bigger risk to the economy going forward,” said John Leer, head of economic intelligence at Morning Consult. “While it shows signs of cooling, it remains very strong by historical standards,” he added. “It would be a historical anomaly if the Fed manages to successfully engineer a soft landing, i.e., tame inflation without triggering a recession.” Source

Mantra (OM) price hits ATH as staking reward rises to 21%

Mantra price has continued to outperform most cryptocurrencies as demand for Real World Asset (RWA) tokenization rose. The OM token rose to a record high of $1.2711 on Thursday as Bitcoin and altcoins remained in a deep bear market.  Mantra, a blockchain network for tokenization, rallied after a report noted that Blackrock’s BUIDL fund had crossed $500 million in assets a few months after launch. This performance shows that there is demand for these assets. Similarly, Ondo Finance, which runs the US Dollar Yield (USDY) and US Treasuries (OUSG), has…

6,400 Ethereum Mystery Move Sparks ETH Rally Talk Pre-ETF Nod

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As more and more investors choose to keep their Ethereum assets frozen rather than actively selling them, the Ethereum ecosystem suddenly finds itself severely short of supplies. The second-largest cryptocurrency in the world could face serious challenges going forward depending on the planned behavior of market players. Related Reading Ethereum Supply Tightens Up The first sign of this supply gap came earlier this month when an unknown market player moved a staggering 6,400 Ethereum to the Beacon Chain depositor wallet. The Beacon Chain, which checks recently added blocks to the…

Arthur Hayes on Bitcoin’s Political Clout: Can Crypto Voters Influence the 2024 Election?

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Arthur Hayes, co-founder of Bitmex, argues that the upcoming U.S. presidential election presents a unique opportunity for crypto advocates to leverage their voting power. With both major political parties vying for a narrow margin of swing voters, Hayes believes the crypto community could play a decisive role in determining the outcome. Arthur Hayes on Crypto’s […] Original