Parallel Studios, the startup behind Ethereum NFT card-battler Parallel, has raised $35 million in funding from major crypto firms and angel investors, with plans to expand the Parallel universe across new platforms and mediums, onboard more users, and launch on the Epic Games Store and Steam.
### Summary Amidst a bustling altcoin season, five standout tokens emerge: Bonk, Jupiter, Pyth, Fetch.ai, and Ondo, each showcasing potential for growth and development in the crypto space.
Dogwifhat, a meme coin on the Solana ecosystem, reached a new all-time high, making it the top-performing meme coin in a market known for its volatility and unpredictability.
Major League Baseball's Opening Day is marred by gambling allegations, a cargo ship's collision with Baltimore's Key Bridge prompts recovery and conspiracy theories, the Biden administration strengthens protections for endangered species, Pope Francis breaks tradition by washing the feet of women only, and 16 teams remain in the men's and women's March Madness tournaments.
Cryptocurrency mining can be made more sustainable through a partnership with green hydrogen production, as demonstrated by a recent study, and projects like BlockDAG Network are embracing inclusive and eco-friendly approaches to mining.
Logan Paul battled personal demons and experienced a mental health decline after facing lawsuits and accusations of fraud surrounding his controversial crypto-based game, CryptoZoo.
Cryptocurrency exchange FTX is planning to sell around three dozen Bahamas properties tied to Sam Bankman-Fried, with a collective value of $222 million, as part of its bankruptcy proceedings.
Cybersecurity firm VX Underground reported that Call of Duty players seeking cheat software fell victim to a targeted phishing attack, with the malware installed stealing cryptocurrencies from their Bitcoin wallets and potentially impacting over 4.9 million accounts.
Two Solana-based altcoins, Shadow Token (SHDW) and Neon EVM (NEON), saw a surge in price after Coinbase announced that it may soon support trading for these assets on its platform.
MicroStrategy stock (MSTR) has surged to new highs due to the rising price of Bitcoin, but investment firm Kerrisdale Capital predicts a price dip as the stock's premium over Bitcoin is no longer justified.
The recent surge in DOGE's price, supported by bullish EMA signals and a rise in addresses holding over 10 million coins, indicates strong investor confidence and potential for further growth, with a potential price target of $0.36.
Bitcoin and Ethereum remain flat while smaller coins, including Bitcoin Cash, Dogecoin, BONK, and Floki Inu, experience significant gains in the cryptocurrency market.
Ethereum's recent upgrade to create a dedicated space for storing data has been stressed by a project called Ethscriptions, causing a spike in fees for inscribing data on the blockchain.
Former FTX CEO Sam Bankman-Fried has been sentenced to 25 years in prison for stealing $8 billion from customers, marking the end of a meteoric rise and fall for the cryptocurrency figure. The sentencing reflects the judge's belief that Bankman-Fried could pose a risk of future harm and serves as a deterrent to others engaging in fraudulent behavior. However, the impact of FTX's collapse on the broader cryptocurrency industry has been minimal, with Bitcoin reaching all-time high values in recent months.
Google Search now allows users to look up Bitcoin addresses and check the balance of any wallet, as well as the balances of Ethereum addresses on multiple networks.
The Pi Cycle Top Indicator suggests that Ethereum may experience more corrections before attempting to reach $4,000 again, while the Net Unrealized Profit/Loss (NUPL) indicates a potential period of consolidation, and the Exponential Moving Average (EMA) Lines suggest strong support at current levels that may stabilize ETH prices before significant upward movement.
Bitcoin, Ethereum, and Option2Trade are leading a financial revolution that is transforming global currency transactions, reshaping economic transactions through decentralization, innovation, and increased accessibility, and redefining the flow of currency in the future.
Ethereum (ETH) is predicted to reach $10,000, sparking interest in memecoins like Shiba Budz (BUDZ) and offering investors opportunities for substantial gains in the crypto market.
Kerrisdale Capital is shorting MicroStrategy stock and betting long on bitcoin, stating that the stock's inflated price doesn't justify paying more than double for the same coin, as bitcoin is now easily accessible through various channels.
Sam Bankman-Fried, the former CEO of FTX, expressed regret for his actions and admitted to making bad decisions, stating that the collapse of FTX "haunts him every day." He has been tutoring fellow inmates and helping inmates facing wrongful convictions find legal support while in jail. Bankman-Fried's attorney defended him, stating that he was not a ruthless financial killer and that his motivations were misunderstood. The judge found that Bankman-Fried committed perjury and witness tampering and determined that the losses to victims exceeded $550 million. However, the judge intends to give him a prison term below the maximum sentencing guidelines. The downfall of FTX had a damaging ripple effect in the cryptocurrency world, leading to the bankruptcies of other firms like Gemini and BlockFi and layoffs at Coinbase and Binance.
Cryptocurrency analyst Altcoin Sherpa is optimistic about Internet Computer's (ICP) price after it completes a consolidation period, while also predicting range trading for Sei (SEI) and an upside opportunity for Gala (GALA).
MicroStrategy, a software maker that is also a Bitcoin hedge fund, now has a market capitalization greater than nearly half of the companies in the S&P 500, thanks to the surge in the value of its Bitcoin holdings.
The price of Dogecoin (DOGE) reached its highest level since December 2021, driven by speculation about its implementation on social-media platform X and its new payment branch being awarded more licenses in the U.S.
Kerrisdale Capital believes that the premium at which MicroStrategy's shares are trading, compared to Bitcoin, is unwarranted and is likely to contract, presenting a compelling opportunity for a pair trade.
Bitcoin spot exchange-traded funds (ETFs) saw significant investment, with total net inflows reaching $243 million, while BlackRock's iShares Bitcoin Trust IBIT and Ark Invest's ARK Innovation ETF ARKB experienced positive inflows, and Grayscale's Bitcoin Investment Trust GBTC saw outflows; the race for a spot Ethereum ETF in the United States continues, with Fidelity Digital Assets filing a proposed Ethereum ETF, but Bloomberg analyst James Seyffart predicts potential rejection of applications in May; the upcoming Benzinga Future of Digital Assets conference on Nov. 19 will discuss regulatory developments and investment vehicles in the crypto industry.
Spot Bitcoin ETFs have been successful in attracting investment and sparking discussions about the possibility of Ethereum ETFs, with analysts believing that Ethereum ETFs will be approved due to the precedent set by Bitcoin ETFs and the demand from investors.
Gold prices are expected to continue rising above $2,200, while bitcoin is nearing $71,000 in its recovery.
Approximately $15 billion worth of Bitcoin open interest contracts are set to expire, marking one of the biggest expiries in Deribit's history, indicating a high level of institutional interest and deepening liquidity in the market ahead of the upcoming BTC halving.
The active validator set on the Ethereum blockchain has increased by 74%, raising concerns about bandwidth risks and centralization, according to Fidelity Digital Assets. The rising validator count, enabled by the Shapella upgrade, is causing concerns about technical capacity and future upgrades.
The market for tokenized U.S. Treasury debt has exceeded $1 billion, with the market value of tokenized Treasury notes rising nearly 10-fold since January 2020 and 18% since the launch of BlackRock's Ethereum-based tokenized fund.
Crypto mogul Sam Bankman-Fried is sentenced to decades in prison after being found guilty of stealing over $8 billion from customers of his bankrupt cryptocurrency exchange FTX.
Bitcoin, Ethereum, Polygon, Solana, and Coinbase are five cryptocurrencies that are expected to maintain their value and relevance in the crypto market for the foreseeable future due to their decentralized nature, innovative features, growing popularity, and comprehensive exposure to the entire spectrum of cryptocurrencies.
MicroStrategy's aggressive Bitcoin buying campaign and large holdings of the cryptocurrency have driven its stock price up, but the emergence of spot Bitcoin ETFs and an overvaluation of the company may hinder its future growth and make it a less attractive investment option compared to the digital currency itself.
Bitcoin has reached a new all-time high amid concerns that the Biden administration could negatively impact the cryptocurrency, with BlackRock CEO Larry Fink issuing an urgent warning about the growing $34 trillion U.S. debt that some believe is driving the bitcoin price surge.
Dogecoin, the dog-themed meme crypto, has surged by 10% in the past day, reaching $0.20 for the first time since December 2021, with speculations that Twitter may implement crypto payments in the future.
The market value of tokenized U.S. Treasury debt has surpassed $1 billion as interest rates rise globally, with the market booming and the value increasing nearly 10-fold since January 2023.
Broker Canaccord Genuity's research report predicts that the upcoming reward halving event, coupled with the approval of spot ETFs, could drive further price action for bitcoin.
Bitcoin prices remain steady around $70,000 ahead of a major options expiry, while Dogecoin and Bitcoin Cash see gains, with the latter expected to undergo a halving event on April 4.
A trader turned a small investment of $3,000 into $215,000 overnight by investing in the meme cryptocurrency Dawkoins, which experienced a significant surge in value driven by its market cap surpassing $15 million.
The settlement of bitcoin and ether options contracts worth $9.5 billion and $5.7 billion, respectively, on the leading crypto options exchange Deribit could lead to bullish price volatility and increased market volatility, according to analysts.
BlackRock CEO Larry Fink is extremely optimistic about the long-term potential of Bitcoin, highlighting the rapid growth of the iShares Bitcoin Trust (IBIT) which has become the fastest-growing ETF ever, surpassing expectations and attracting an impressive $13.5 billion in flows within 11 weeks of trading.
PEPE supply on exchanges has dropped, indicating that holders anticipate a rise in value, while the Mean Coin Age suggests accumulation and a possible price surge, although PEPE struggles to maintain above the $0.0000080 threshold.
Snowden Dismisses SEC Lawsuit Against Coinbase, Predicts Agency Will Lose So Hard It Won't Try Again
Bitcoin supporter Edward Snowden is unfazed by the SEC's legal battle with Coinbase, believing that the regulatory body will eventually lose in court.
BlackRock's Ethereum-based BUIDL fund has raised $245 million in Ethereum tokens since its launch, attracting significant investments and validating the concept of tokenized traditional securities on public blockchains.
The altcoin season may be approaching in approximately 45 days, presenting an opportunity for investors to seek high returns by investing in low-cap cryptocurrencies, with Bitcoin's surge typically leading the way followed by Ethereum and high-cap altcoins such as Solana and Avalanche.
Several altcoins are expected to reach new all-time highs in April, including SUI, APT, and BNB, while ARB will need a push to reach its previous high, according to technical indicators and market analysis.
Bitwise CIO Matt Hougan predicts that the demand for Bitcoin spot ETFs will continue for years, with professional investors gradually gaining access to these products through due diligence processes, as inflows into Bitcoin ETFs have already reached $11.7 billion in the first two months of their launch.
Ethena, a decentralized finance protocol, is set to airdrop 750 million ENA governance tokens to users who hold its USDe token, which has grown to $1.3 billion, and the tokens will start trading on exchanges on April 2.
FTX founder Sam Bankman-Fried potentially faces a decades-long sentence as part of a broader attempt to impose standardized norms of corporate governance on the cryptocurrency industry, with the severity of the sentence seen as a social judgment rather than solely based on his individual culpability, which may ironically benefit the industry by increasing its acceptance and incorporation within traditional legal and regulatory frameworks.
Brazil-based crypto asset management firm Hashdex has launched its Bitcoin ETF on the New York Stock Exchange, becoming the eleventh Bitcoin ETF to go live since SEC approval in January, offering investors immediate exposure to Bitcoin through a combination of spot Bitcoin holding and Bitcoin futures contracts.
