Matrixport Co-Founder Warns of Correction After Bitcoin Hits $60K

Daniel Yan, co-founder of the Singapore-based cryptocurrency services firm Matrixport, has issued a cautionary note to investors following the recent Bitcoin surge. The digital currency surpassed the $60,000 mark for the first time since 2021, signaling a potential market euphoria.  Yan’s comments come amidst growing investor interest and an extreme greed sentiment in the market, […]

Gemini Agrees to $1.1 Billion Payback in Earn Program Settlement

Gemini, the cryptocurrency exchange founded by The Winklevoss twins, has agreed with the New York Department of Financial Services (NYDFS). The agreement requires Gemini to pay a $37 million fine and also guarantees a return of more than $1.1 billion to the customers of its Gemini Earn lending program. This decision has been a pivotal […]

NFPrompt Partners Google Cloud, NFP Price Jumps 9%

NFPrompt, a key player in the AIWeb3 industry, has made waves with its recent announcement of a strategic partnership with Google Cloud for Startups. This partnership signifies a significant step forward in the quest for innovation within the AIWeb3 vertical. By joining forces with Google Cloud, NFPrompt aims to leverage cutting-edge technology and expertise to […]

ETH Targets $4K as Investors Stash $2.1B for the Long Haul

Ethereum has seen a surge in its market performance, largely attributed to significant catalysts driving investor sentiment. The successful execution of the Dencun upgrade testnet and the increasing interest in ETH ETF filings have fueled Ethereum’s bullish trajectory. Notably, there has been a notable shift in the investment horizon of Ethereum stakeholders towards long-term holding […]

Bitcoin’s Supply and Demand Imbalance in Limelight; Price Surge Ahead?

Bitcoin prices shot up to $63K during an upbeat trading session on Thursday. The bullish trading sentiments were buoyed by an increase in inflows for Bitcoin ETFs and risk appetite for investors. However, one elephant in the room that hasn’t been recognized yet is the supply and demand imbalance. Bitcoin Demand Stays Higher Than Supply […]

New York Community Bank (NYCB) Stokes Banking Failure as Shares Slump 21%

With a lot of adjustments going on in New York Community Bancorp (NYCB), the regional bank has seen a significant fall in its shares. Looming Strain for New York Community Bank Following a change in leadership as well as some internal control issues, NYCB shares fell by almost 20% in extended trading on Thursday. The […]

BlackRock Bitcoin ETF’s $600 Mln Inflow Outpaces Massive GBTC Outflow

In a whirlwind of activity in the ETF market, BlackRock’s Bitcoin ETF (IBIT) stood out as a stabilizing force, absorbing a staggering $600 million inflows amidst massive outflows from the Grayscale Bitcoin Trust (GBTC). However, the overall inflow figure for the Spot BTC ETFs was weak owing to the gigantic GBTC outflows. BlackRock Bitcoin ETF Saves […]

XRP Price Prediction As Overhead Supply at $0.6 Hints For Upcoming Correction?

XRP Price Prediction: The cryptocurrency market has been aggressively bullish since late February, projecting its sustainability above the $2 Trillion mark. While a majority of major coins rallied in tandem with Bitcoin, the XRP price showcased waning bullish momentum this week. From the last swing low of $0.534, the coin price jumped 11% to current […]

David Schwartz Advocates for Swift XRPL 2.1.0 Adoption by Validators

The XRP Ledger (XRPL) community, Ripple’s Chief Technology Officer, David Schwartz, has issued a call to action for validators and node operators. The message is clear: upgrade to the newly released version 2.1.0 of the ledger’s reference server implementation, known as rippled, by March 5. This directive underscores the importance of staying current with the […]

Tom Emmer’s Anti-CBDC Bill Getting Major “Coalition Support”

House Majority Whip Tom Emmer’s bill, the CBDC Anti-Surveillance State Act, has surged forward this week, amassing a remarkable 120 cosponsors and garnering support from a diverse coalition of stakeholders. The legislation, which aims to safeguard Americans’ financial privacy amidst concerns of potential surveillance and government overreach, has been hailed as a crucial step in […]