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Month: June,2024

Bitcoin Price Prediction as Exchange Balances Hit Five-Year Low – Bullish Outlook for BTC?

Bitcoin Price Prediction as Exchange Balances Hit Five-Year Low – Bullish Outlook for BTC?

June 3, 2024
Bitcoin Price Prediction Bitcoin’s exchange balances have dropped to their lowest level since March 2018, falling below 2.3 million BTC. This significant decline, driven by major outflows from Binance and Coinbase, suggests a shift towards long-term holding strategies. As large holders, or “whales,” transfer their assets to private wallets, the trend indicates anticipation of future […]
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Google and Magic Leap Forge Partnership for Next-Gen Metaverse Experience

Google and Magic Leap Forge Partnership for Next-Gen Metaverse Experience

June 3, 2024
Magic Leap has announced a technology partnership with Google to develop new extended reality (XR) technologies. The collaboration brings together Magic Leap’s expertise in optics with Google’s infrastructure, potentially signaling increased competition for Apple and Meta in the metaverse hardware and experiences space, the company said in an announcement. While Google recently downsized its augmented […]
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Solana Price Prediction as Ripple CEO Sees SOL ETFs as ‘Inevitable’ – Will SOL Reach $1,000 This Year?

Solana Price Prediction as Ripple CEO Sees SOL ETFs as ‘Inevitable’ – Will SOL Reach $1,000 This Year?

June 3, 2024
Ripple CEO Brad Garlinghouse recently predicted that Solana ETF is inevitable following the SEC’s approval of Bitcoin and Ethereum ETFs. At the Consensus 2024 event, Garlinghouse highlighted the potential for Solana ETFs, emphasizing the importance of regulatory clarity for the growth of digital assets in the U.S. This optimism, coupled with the prediction of a […]
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FTX Estate Sells Off Remaining Anthropic Holdings Amid Bankruptcy Proceedings

FTX Estate Sells Off Remaining Anthropic Holdings Amid Bankruptcy Proceedings

June 3, 2024
The FTX estate, led by CEO John Ray III, has divested its remaining shares in Anthropic, the AI startup known for its chatbot Claude, as revealed in the firm’s recent bankruptcy filings. According to the filings, FTX sold the remaining 15 million shares for approximately $30 each, resulting in proceeds exceeding $450 million. The sale […]
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Rwanda to Roll Out CBDC By 2026 After Consultations, Testing

Rwanda to Roll Out CBDC By 2026 After Consultations, Testing

June 3, 2024
East African nation Rwanda aims to create its own retail central bank digital currency (CBDC) to assert its significance in the global economy’s future landscape by 2026. According to the National Bank of Rwanda, the CBDC would be a secure and convenient alternative to cash, potentially bringing more people into the banking system. The deputy […]
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El Salvador’s President Nayib Bukele Sworn in for Second Term

El Salvador’s President Nayib Bukele Sworn in for Second Term

June 3, 2024
El Salvador’s crypto-friendly President Nayib Bukele, 42, is set to govern for another five years taking near-total control of parliament. President Bukele took the oath of office at the National Palace in San Salvador this weekend. During the ceremony, he received the presidential blue and white sash from Ernesto Castro, the President of the Legislative […]
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Over $3 Billion Worth of ETH Withdrawn from CEXes Since Approval of US Ether ETFs

Over $3 Billion Worth of ETH Withdrawn from CEXes Since Approval of US Ether ETFs

June 3, 2024
Since the approval of spot Ether exchange-traded funds (ETFs) in the United States on May 23, over $3 billion worth of Ether has been withdrawn from centralized crypto exchanges (CEXes), indicating a potential upcoming supply squeeze. Data from CryptoQuant reveals that between May 23 and June 2, the amount of Ether held on exchanges decreased […]
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Matter Labs Withdraws ‘ZK’ Trademark Application After Industry Backlash

Matter Labs Withdraws ‘ZK’ Trademark Application After Industry Backlash

June 3, 2024
Matter Labs, the developer of the ZkSync Ethereum Layer 2 network, has dropped its attempt to trademark the term “ZK” following backlash. According to a statement posted on social media by Matter Labs, the decision to withdraw applications came after extensive discussions with key figures in the zero-knowledge proof field. Thank you to everyone who […]
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ARK Invest Drops Partnership with 21Shares for Proposed Ethereum Fund

ARK Invest Drops Partnership with 21Shares for Proposed Ethereum Fund

June 2, 2024
Cathie Wood’s Ark Investment Management has withdrawn its involvement in the race to launch an exchange-traded fund (ETF) that would directly invest in Ether, the second-largest cryptocurrency. The amended prospectus document, known as Form S-1, filed with the US Securities and Exchange Commission (SEC) on Friday, revealed that Ark’s name was removed from the application […]
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Bitcoin Price Prediction Following Buterin’s Analysis of Scaling Disputes – Will BTC Adapt?

Bitcoin Price Prediction Following Buterin’s Analysis of Scaling Disputes – Will BTC Adapt?

June 2, 2024
Bitcoin Price Prediction Bitcoin (BTC) has failed to sustain its overnight bullish momentum, trading near $67,700. This downturn is influenced by several factors, including a $300 million hack at a Japanese crypto exchange and President Biden’s veto of a bill targeting SEC crypto regulations. Additionally, Vitalik Buterin’s insights on Bitcoin scaling disputes emphasize the need […]
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Biden Vetoes Bill Overturning SEC Crypto Accounting Standard SAB 121 – Here’s What That Means

Biden Vetoes Bill Overturning SEC Crypto Accounting Standard SAB 121 – Here’s What That Means

June 2, 2024
President Joe Biden has vetoed a resolution aimed at overturning the U.S. Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin (SAB) No. 121. Biden argued that challenging the proposed guidelines would compromise the SEC’s authority, leading him to veto the resolution. Biden Addresses SAB 121 In an official letter on May 31, Biden explained his […]
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Bonk Price Prediction as Open Interest Falls by $8 Million – Will BONK Recover?

Bonk Price Prediction as Open Interest Falls by $8 Million – Will BONK Recover?

June 2, 2024
BONK’s recent price decline has led to a significant drop in investor confidence, reflected in the asset’s Open Interest (OI). OI fell from $24 million to $16 million, slightly recovering to $17.27 million. Despite a positive funding rate favoring long contracts, the sharp decrease in OI suggests bearish sentiment. This downturn in investor confidence could […]
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PepeFork Explodes on Solana as New Play-to-Earn Meme Coin Secures $500,000

PepeFork Explodes on Solana as New Play-to-Earn Meme Coin Secures $500,000

June 1, 2024
Solana meme coin markets are once again buzzing with activity, and Pepefork (PORK) has quickly become a favorite among retail traders positioning for the next bull run phase. This article will provide an analysis of PORK’s current price trends and look to see whether another newer meme coin represents a more promising investment opportunity at […]
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Solana Price Prediction as PayPal Launches PYUSD on Solana – Will SOL Surge to $1,000?

Solana Price Prediction as PayPal Launches PYUSD on Solana – Will SOL Surge to $1,000?

June 1, 2024
The Solana price is up today as selling pressure eases, boosted by overall market growth and the news that PayPal’s stablecoin PYUSD will launch on Solana. The SOL price has experienced a 1.52% increase over the past 24 hours, increasing its price to $169.57, amidst broader market growth. In a reversal from the last few […]
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RFK Jr. Says He Owns 21 Bitcoins, Talks Deep Commitment To Crypto

RFK Jr. Says He Owns 21 Bitcoins, Talks Deep Commitment To Crypto

June 1, 2024
Robert F. Kennedy Jr. (RFK Jr.) says he bought 21 bitcoins for his children after winning a $13 billion case against biotech giant Monsanto, the crypto-friendly U.S. presidential candidate told a crowd at Consensus 2024 in Austin, TX this week. RFK Jr. Bought 21 Bitcoins For His Children Following Legal Victory In 2018 An established […]
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