Vaibhavv Ali
The sustainability of the current bull run in Bitcoin (BTC) has come under scrutiny due to its recent volatility and failure to stabilize above the $70,000 threshold. But according to market analyst and Capriole Invest co-founder Charles Edwards, Ethena Labs’ (ENA) decentralized finance (DeFi) protocol has the potential to greatly prolong and accelerate Bitcoin’s bull … Read more
President Joe Biden’s memecoin, Jeo Boden, domiciled in Solana, achieved a new high on Monday, breaking through the $1 threshold for the first time before plunging and settling at roughly $0.817. Over the last week, the cryptocurrency increased by over 170%, and over the last month, it increased by over 400%. On the future of … Read more
Co-founder of Mechanism Capital Andrew Kang has drawn attention to the potential profitability of a new class of memecoins known as “culture coins,” which go beyond the usual animal- and humor-themed meme tokens and explore deeper cultural values including politics, religion, and lifestyle. Kang noted in an April 7 article on X that by capitalizing … Read more
The decision by the U.S. Securities and Exchange Commission (SEC) regarding the approval or disapproval of the New York Stock Exchange’s introduction of options trading on spot Bitcoin (BTC) ETFs has been postponed. This action was announced by the regulator in a document dated April 8. The Bitwise Bitcoin ETF (BITB), the Grayscale Bitcoin Trust … Read more
Over one-fifth of US youth possess cryptocurrency, according to a PolicyGenius study conducted on April 9. This is because younger people invest in cryptocurrency four times more frequently than older generations do. Ages 18 to 26 make up Gen Z, and they have the biggest preference for cryptocurrency over traditional investments: 20% of Gen Z … Read more
The debate surrounding the decentralized finance (DeFi) platform, which comprises most of the SushiSwap community, is around the potential capabilities of its treasury. But things have gotten out of hand, with the voting process—which began on April 3 and will end on Friday—becoming the center of an intense debate. Dynamics of SushiSwap voting and accusations … Read more
On April 8, 2024, Metaplanet, a firm listed on the Tokyo Stock Exchange, declared that it would accept Bitcoin as a primary treasury asset. This calculated action, which deviates significantly from conventional asset management techniques, is a turning point in the field of digital finance. In a statement posted on the social media site X … Read more
The price of DOGE has been steadily rising within a small, $0.20 trading range. The asset reached this important psychological threshold two weeks ago. In November 2021, DOGE’s price was last above this level. Metrically speaking, DOGE is producing inconsistent results. Although the monthly price has increased by 20%, the market capitalization has decreased to … Read more
This week is Avraham Eisenberg’s criminal trial. Eisenberg is charged with stealing more than $100 million from the Mango Markets decentralized exchange (DEX). From a financial expert to a Broadway singer, the jury for a federal court in New York was gathered on Monday. Manipulation of the Mango Markets: Was it Trading Cleverness or Market … Read more
Based on preliminary statistics from Farside Investors, the newly established eleven spot Bitcoin ETFs had an overall outflow of $224 million on Monday, April 8. Four days of inflows totaling $570 million net poured into the institutional investment products are now reversed. Grayscale witnessed its biggest GBTC outflow since March 25th, which compounded this week’s … Read more