Swyftx lead analyst Pav Hundal says this isn’t a “classic bulls versus bear battle,” while Swan Bitcoin CEO Cory Klippsten predicts “somebody gotta break at some point.” As Bitcoin toes around the $70,000 price mark, there’s speculation that short-sellers are feeling the pressure due to diminishing downtrends and quicker-moving uptrends, potentially driving Bitcoin’s price to $80,000,…
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The rewards for mining Bitcoin are about to be chopped in half for miners in a scheduled event called “the halving.” This anti-inflationary measure is predicted to occur on or about April 17, 2024. Though it won’t be the first such halving event, the crypto world is poised to enter the unknown, as recent all-time…
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Developed by Telegram in 2018, TON is a fast, low-fee Layer 1 blockchain using Proof of Stake. It supports DeFi, DApps, and DAOs for mass adoption, building a Web3 ecosystem for its 700 million users. TON Wallets are required to access the network. What Are TON Wallets? TON Wallets are digital wallets explicitly designed to…
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Key Points: Grayscale’s Craig Salm is confident in May’s approval for spot Ethereum ETFs, despite SEC engagement concerns. Bloomberg analysts cut approval odds to 25%, citing SEC disengagement. The SEC previously approved Ether futures ETFs, with various firms, including BlackRock and VanEck, awaiting spot Ether ETF decisions. Despite recent concerns over the U.S. Securities and…
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Key Points: Polygon zkEVM Mainnet Beta version resumes operation after experiencing downtime, thanks to emergency repairs facilitated by the Emergency Council. Following the restoration, a 10-day time lock will be implemented for future system updates, with detailed follow-up reports to be released on the Polygon Foundation forum. The Polygon zkEVM initiative strives for enhanced smart…
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Bitcoin faces its “biggest headwind” in the form of GBTC outflows, but the good times could be back for BTC price action after next week, predictions say. Bitcoin could already be seeing “momentum turning” as institutional BTC outflows recede. The latest data from sources, including United Kingdom-based investment firm Farside shows the Grayscale Bitcoin Trust (GBTC) losing just…
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BlackRock’s spot Bitcoin ETF could soon surpass the Grayscale Bitcoin Trust (GBTC) in Bitcoin held within 14 trading days, based on current rates. The amount of Bitcoin in BlackRock’s spot Bitcoin ETF could overtake crypto asset manager Grayscale’s GBTC within the next three weeks, assuming no drastic changes in current flows. As of March 22,…
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Floki hopes to expand beyond memecoin status by introducing debit cards, digital accounts and educational platforms for users. The team behind the dog-themed memecoin Floki Inu (FLOKI) has unveiled its roadmap for 2024, revealing several upcoming features and utility-focused initiatives. The plans include regulated digital banking accounts, enabling users to create and fund bank accounts…
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Young Ju noted that new BTC whales have an on-chain cost basis of around $56,000 and expects substantial capital influxes into the spot Bitcoin ETF market if BTC dips to this price level. CryptoQuant CEO Ki Young Ju has predicted a resurgence in the spot Bitcoin exchange-traded fund (ETF) market if the price of BTC…
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The recent Anti-Money Laundering legislation imposes certain limits for cash transactions and anonymous cryptocurrency payments. A majority of the European Parliament’s lead committees have approved a ban on cryptocurrency transactions of any value made through hosted crypto wallets. This comes amid the European Council and parliament provisionally agreeing to expand parts of the European Union’s Anti-Money Laundering…
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