Category: Other Crypto News

Anthony Scaramucci Puts Bitcoin Market Cap At $21 Trillion, So How Much Will 1 BTC Be?

boss

Anthony Scaramucci, the financier and SkyBridge Capital founder who briefly served as White House communications director, has made a bold case for Bitcoin’s long-term value.  According to him, Bitcoin’s market cap is well on track to reach $21 trillion, and this is because of its fixed supply, its growing institutional footprint, and a monetary trust system built over 16 years without any central authority. But if Bitcoin were to reach a market cap of $21 trillion, how much would 1 BTC be worth? The $21 Trillion Logic Bitcoin has a…

Kalshi Eyes Crypto Perpetual Futures Expansion: Report

boss

Prediction market exchange Kalshi is reportedly preparing to expand into cryptocurrency trading by introducing perpetual futures contracts, marking a major shift beyond its core event-based derivatives business. In a Tuesday report, The Information cited people familiar with the matter as saying Kalshi plans to offer perpetual futures — commonly known as “perps” — on cryptocurrencies such as Bitcoin (BTC). Source: Walter Bloomberg Perpetual futures are a type of derivative contract that allows traders to speculate on price movements without an expiration date.  Unlike traditional futures, which must be rolled over…

Bipartisan PACE Act Introduced To Expand Crypto Firms’ Access To Fed Payment Services

boss

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…

Arbitrum Freezes KelpDAO Hack Funds, Exposing Crypto’s Biggest Lie

boss

Arbitrum’s Security Council has frozen 30,766 ETH tied to the KelpDAO exploit, moving the funds out of an address on Arbitrum One and into an intermediary wallet that now requires further governance action to unlock. At roughly $71 million, the move was large enough on its own. What made it more consequential was the method: a crypto governance body stepping in directly to override the normal finality of chain-held funds. In its statement, Arbitrum said: “The Arbitrum Security Council has taken emergency action to freeze the 30,766 ETH being held…

Blockchain.com Enables Self-Custody Perps Trading Through Hyperliquid

boss

Blockchain.com has rolled out perpetual futures trading in its non-custodial DeFi wallet, allowing users to open leveraged positions directly from self-custodied Bitcoin used as collateral without transferring funds to an exchange. According to Tuesday’s announcement, the feature is routed through decentralized derivatives exchange Hyperliquid and gives users access to more than 190 crypto markets with up to 40x leverage. Perpetual futures are derivative contracts that allow traders to take leveraged positions on an asset’s price without an expiration date. Michael Selig, chair of the Commodity Futures Trading Commission (CFTC), said…

Bitcoin Fear Fading? Sentiment Hits Highest Since Mid-January

boss

Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started…

BTC Binance Inflows Drop As Coinbase Activity Rises

boss

Bitcoin (BTC) mid-size wallet inflows to Binance fell to 3,000–4,000 BTC, marking a multi-year low in sell-side activity from this cohort. This coincides with Coinbase recording about 8,500 BTC in inflows from similar wallets on April 19, while other exchanges saw much smaller flows. Binance exchange Bitcoin inflows have also fallen to 2023 levels, but how is this significant to today’s market? Binance BTC inflows cool sharply to 2023 levels CryptoQuant data classifies mid-size wallets as the entities holding roughly 100–1,000 BTC, often linked to active traders and smaller institutions.…

New York Sues Coinbase, Gemini Over Unlicensed Markets

boss

New York’s attorney general has filed lawsuits against crypto exchange operators Coinbase Financial Markets and Gemini Titan for allegedly violating state gambling laws, according to court records cited by Reuters. Copies of the complaints show the state alleges both exchanges failed to obtain licenses from the New York State Gaming Commission to operate their markets, Reuters reported.  “Gambling by another name is still gambling, ​and it ​is not ⁠exempt from regulation under our state laws and Constitution,” Attorney General Letitia James said in a statement. James said the lawsuit seeks…

Nium Integrates USDC Payments with Coinbase Across 190 Countries

boss

Singapore fintech Nium has selected Coinbase to integrate USDC payments into its global network to send, receive and convert stablecoins to fiat across more than 190 countries through a single platform. According to a Tuesday announcement, the integration uses Coinbase’s infrastructure for custody, liquidity and wallet services, enabling Nium’s customers to fund cross-border payouts in USDC and settle in either stablecoins or local currencies without relying on prefunded accounts. Nium said the setup supports just-in-time settlement, allowing funds to be deployed at payout rather than held across multiple jurisdictions, and…

The Dogecoin Breakout That Could Send Price Rallying 3,000% To $4

boss

Crypto analyst Trader Tardigrade has predicted that Dogecoin could rally 3,000% to a new all-time high (ATH) of $4. The analyst highlighted a bullish setup, indicating that the leading meme coin has formed a base that could spark a parabolic rally to the upside.  Dogecoin Eyes Rally To $4 With This Bullish Setup In an X post, Trader Tardigrade stated that Dogecoin’s launch pad is set and that the setup before a massive surge is in place. His accompanying chart showed that DOGE could reach $4, seeing as this launchpad…