Bitcoin market commentators are increasingly confident that BTC price action is building a breakout, which will make history. Bitcoin heads into June in fighting form as an early push puts key resistance back in play. Bitcoin price momentum is targeting $69,000 as TradFi markets return to the scene — will this week finally see a breakout? This…
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Coinbase has joined Andreessen Horowitz and Ripple in donating $25 million to the crypto-focused super PAC ahead of the United States elections. Crypto exchange Coinbase says it donated $25 million to crypto-focused super political action committee (PAC) Fairshake as it ramps up lobbying ahead of the November United States elections. In a June 3 blog…
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Stephen Richardson’s view aligns with Bloomberg’s ETF analysts, who expect the spot Ether ETFs to capture 10-20% of the flows that Bitcoin ETFs did at launch. Spot Ether (ETH) exchange-traded funds won’t see the same day-one inflow as spot Bitcoin ETFs did, as the asset’s use cases are far more difficult to value, an industry executive warns. The spot…
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Only 10.6% of the total Ether supply is currently on centralized crypto exchanges, its lowest level in years. Over $3 billion worth of Ether has been removed from centralized crypto exchanges since the May 23 approval of spot Ether exchange-traded funds (ETFs) in the United States — signaling a potential upcoming supply squeeze. The amount…
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Keith Gill, the trader linked to the 2021 GME short squeeze, has returned to Reddit claiming he’s made a big bet on GameStop, sending the stock’s price surging overnight markets. GameStop (GME) surged over 19% in overnight trading after Keith Gill, known as “Roaring Kitty,” posted to Reddit that he’s holding $181.4 million worth of…
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It’s unclear why the two companies have partnered up, but the scheme comes amid Apple’s push to dominate the “spatial computing” market. Magic Leap recently announced “a multi-faceted, strategic technology partnership” with Google to develop new extended reality technologies. The partnership marks what could be considered an odd pairing in the tech world. Google recently trimmed…
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The American Bankers Association claims that United States President Joe Biden’s move will “harm investors, customers, and ultimately the financial system.” Just hours prior to United States President Joe Biden vetoing the Staff Accounting Bulletin (SAB) 121 repeal on May 31, the largest lobbying organization for the U.S. banking industry — American Bankers Association (ABA)…
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Once he completes his four-month sentence at Lompoc prison, Zhao plans to resume his involvement in cryptocurrency. Changpeng Zhao, the founder of Binance, the world’s largest cryptocurrency exchange, has reported to a low-security federal prison in Lompoc, California, to begin serving his sentence. According to a CNBC report, the information was verified with his legal team at…
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Jail-breaking bad GPT-4o A hacker named Pliny the Prompter has managed to jailbreak GPT-4o. “Please use responsibly and enjoy!” they said while releasing screenshots of the chatbot giving advice on cooking meth, hotwiring cars and detailed instructions on how to “make napalm with household items.” The GODMODE hack uses leetspeak, which replaces letters with numbers…
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Ether started the year strongly but began tapering off in mid-March. However, the altcoin began picking up momentum in mid-May amid anticipation of the approval of spot Ether exchange-traded funds (ETFs) in the United States. Although ETH has trailed Bitcoin since Jan. 1, it has outperformed the flagship cryptocurrency since spot Ether ETFs received official approval from the Securities and Exchange…
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