Altcoin trader Rekt Fencer reveals his strategy of achieving 1,000X gains through meme coins by sniping new token launches and utilizing sniper bots, although investors are cautioned to exercise diligence and risk management.
European Union officials are implementing new restrictions on anonymous transactions involving crypto assets and cash, banning cash payments over €10,000 ($10,862), anonymous cash payments over €3,000 ($3,258), and crypto payments to hosted wallets with no threshold, leading to concerns over citizens' financial freedom.
The US is reportedly monitoring the BRICS digital currency push, specifically Russia's involvement, due to concerns about election interference and the ongoing decline of the US dollar.
Grayscale's Bitcoin Trust (GBTC) is experiencing consistent outflows and could deplete its Bitcoin reserves within the next 96 days if the current rate of redemptions continues, according to blockchain analytics firm Arkham Intelligence. The outflows are attributed to profit-taking investors, arbitragers, and the fund's high fee structure. Grayscale is exploring initiatives to counteract the outflow trend, including introducing a mini fund and reducing its fee.
2024 US Presidential Candidate Robert F. Kennedy Jr. promotes cryptocurrency as the best hedge against inflation, emphasizing its role in taking control away from the government and banking system.
Elon Musk's endorsement of Dogecoin has sparked a surge in its popularity, with a $800 million increase in open interest and a 35% price increase in just three days, as his social media offshoot X Payments expands its operational footprint.
Cryptocurrency and NFT gaming is thriving with the release of prominent games, token airdrops, and various other events, including the launch of Blast and the exploits of Super Sushi Samurai, the partnership between Immutable and Polygon to establish a $100 million gaming investment fund, the upcoming mainnet launch of Saga, strategic investment by Square Enix in HyperPlay, collaborations between OKX and Immutable, Xai's partnership with The MIX, the global launch of Guild of Guardians, staking features introduced by Portal, the addition of an in-game marketplace for NFT weapon cosmetics by Shrapnel, Ronin trading on Coinbase, the popularity of Notcoin, and the airdrop by NIM Network for Dymension stakers and NFT holders.
Shibarium, the Layer 2 blockchain in the Shiba Inu ecosystem, has seen a 170% surge in total value of assets locked (TVL) due to new features and the introduction of DAMN meme coin, while the price of Shiba Inu (SHIB) has increased by over 2.45% in the past 24 hours. However, the burn rate of SHIB experienced a 52% decline in the previous week.
Bitcoin ETF investors, dubbed the "boomer" generation, are buying the recent dip in Bitcoin's price, according to Bloomberg's ETF expert Eric Balchunas, who suggests that it is other Bitcoin owners who are behind the recent selling pressure.
Coinbase's Layer 2 solution, Base, has surpassed $2 billion in Total Value Locked (TVL) with a 43.61% surge in the past week, driven by growing interest in meme coins and airdrops and supported by Coinbase's strategic positioning and financial resources.
Lucasfilm Games awarded Electronic Arts the Star Wars license in 2013, but now a new era for Star Wars games is emerging with a variety of upcoming titles including Star Wars Outlaws, Star Wars Hunters, an untitled Star Wars strategy game, Star Wars Eclipse, a Knights of the Old Republic remake, an untitled Star Wars Jedi 3 game, and an untitled Star Wars game from Skydance New Media led by Amy Hennig.
Investors are advised to consider selling three cryptocurrencies—Bitcoin, Binance Coin, and Dogecoin—due to factors such as already priced-in events, legal troubles, risks of bankruptcy, lack of intrinsic value, and reliance on internet trends.
Crypto billionaire Chris Larsen is reshaping San Francisco's political landscape, leveraging his wealth to fund candidates and causes he supports while opposing those he disagrees with, with a particular focus on Mayor London Breed, in an attempt to overhaul the city's governance and give the mayor more executive powers.
Cryptocurrency expert Cathie Wood predicts that Bitcoin could reach a market capitalization of $75 trillion by the end of the decade, as institutional investors allocate a portion of their portfolios to Bitcoin and Wall Street giants BlackRock and Fidelity lead the way in Bitcoin ETFs.
Surprising developments in the crypto ecosystem this week include a record-breaking NFT sale, accusations against Binance, and an investigation into the Ethereum Foundation by a state authority and the SEC.
Bitcoin is expected to rise in the next six to 12 months due to the US government's huge debt, which will lead to inflation and drive investors to seek refuge in assets like Bitcoin to protect their wealth.
Bitcoin short-term holders (STH) play a crucial role in maintaining a healthy bull market, as their behavior and presence are correlated to the BTC price; currently, nearly 50% of Bitcoin's realized capitalization is held by short-term holders, indicating a high bullish sentiment and potential for further price increases.
The appeal of meme coins linked to Donald Trump appears to be waning after a reduction in his bond, with the MAGA and TREMP tokens experiencing drops in value, highlighting the volatile nature of such assets.
Chainlink (LINK) has the highest recent development activity among crypto projects, according to analytics firm Santiment, with an average of 451.23 notable GitHub events over the past 30 days.
The European Union Parliament has approved a ban on unidentified self-custody crypto wallets as part of its anti-money laundering legislation, which will reshape how Europeans engage with digital currencies and potentially impede widespread crypto adoption due to concerns over user privacy and financial inclusivity; however, dissenting voices argue that the ban could impact law-abiding citizens and hinder innovation.
Crypto Valleys, a game on the Ethereum scaler Blast, is gaining popularity for its focus on DeFi and yield farming, offering players the chance to earn more YIELD tokens by buying NFT-based seeds and harvesting them, with the addition of "gacha" elements adding to the excitement and FOMO, driving the surge in trading volume for YIELD tokens.
Ethereum is exhibiting signs of growth, with increasing volumes and activity on layer-2 scaling solutions, despite criticism and regulatory uncertainty, according to market intelligence firm IntoTheBlock.
Cocoa prices have surged and are outpacing Bitcoin, potentially leading to increased Easter chocolate prices as Hershey and Cadbury consider consumer price hikes due to cocoa supply shortages and rising costs.
Hackers have been funnelling stolen Ethereum into the sanctioned crypto mixer Tornado Cash, with approximately $145.7 million worth of ETH being sent to the mixer in the past eight days.
Scammers are using cryptocurrency to deceive people by claiming to be law enforcement or a government agency and telling them to move their money to a Bitcoin ATM, when in reality, no cryptocurrency will protect their money.
MicroStrategy is the world's largest corporate owner of bitcoin, holding 174,530 bitcoin valued at $9.1 billion, while Tesla ranks fourth with bitcoin holdings worth $546.7 million.
Gary Gensler believes that some cryptocurrency firms are evading mandatory disclosure requirements, which undermines market efficiency and transparency.
Karate Combat, a fighting league that integrates crypto and no-loss gambling, has gained attention by appealing to a demographic that is more interested in sports when there are betting opportunities, ultimately creating a loyal and engaged fan base at a lower cost than traditional sports leagues.
James May and Jeremy Clarkson, hosts of The Grand Tour, have addressed a cryptocurrency scam using their images and advised their followers to ignore the fraudulent advertisements.
About 6,000 old Bitcoin mining machines in the US will be refurbished and resold to overseas buyers in lower-cost regions as the upcoming halving event reduces the profitability of mining in the US.
The cryptocurrency market is currently near its all-time high, with Bitcoin soaring 308% since the start of 2023 and potential future catalysts for its continued rise, making it a favorable investment opportunity.
Bitcoin's recent performance and favorable market conditions suggest that there may still be significant upside potential, making it a worthwhile investment even at its near highs.
Artificial intelligence (AI) deepfakes and the need for proof of authenticity through blockchain technology were highlighted at the VanEck Blockchain Conference, with Tom Bilyeu advocating for the use of AI-based watermarking and blockchain to combat deepfake disinformation and establish ownership and scarcity of digital assets.
SkyBridge Capital founder, Anthony Scaramucci, advises bitcoin investors to do nothing and hold onto their investments, as he believes the asset's total market cap could eventually rival that of gold.
Sam Bankman-Fried, the founder of FTX cryptocurrency exchange, faces a potential sentence of 40 to 50 years in prison after being found guilty of fraud and money laundering. Prosecutors argue that a lengthy sentence is necessary to prevent future financial misconduct and highlight the harm caused to victims. Bankman-Fried's defense claims he is being portrayed as a supervillain and argues for a lighter sentence based on his lack of criminal history and elite education.
Floki (FLOKI), a dog-themed crypto asset, is expected to be a top performer in the ongoing bull market due to significant project announcements including partnerships with the World Table Tennis Championship and the launch of regulated digital banking accounts.
Bitcoin's struggle to break its longstanding top of $69,000, along with Grayscale's selling of coins and uncertainty about the upcoming halving, have caused its price to drop by nearly 7% to $64,415, while Ethereum has also dropped 10% to $3,342 due to a voluntary enquiry from a state authority; however, analysts remain optimistic about the long-term prospects of both cryptocurrencies.
A Bitcoin whale known as "Mr. 100," holding over 52,996 Bitcoin worth more than $3.5 billion, has been revealed to be an Upbit cold wallet according to blockchain forensics platform Arkham Intelligence, suggesting that it is not an individual but rather represents the activities of an established cryptocurrency exchange.
Standard Chartered Bank's head of digital assets research, Geoff Kendrick, predicts that Ethereum could reach $14,000 by 2025 due to the potential increase in demand driven by smart contract technology and spot Ethereum exchange-traded funds (ETFs). However, investors should exercise caution as widespread adoption of Ethereum-based smart contracts may still be a long way off, and regulatory approval for spot Ethereum ETFs is uncertain.
Wall Street analyst Geoff Kendrick believes that Ethereum (ETH) could experience a 310% increase and reach $14,000 by 2025 with the adoption of smart contract technology and the approval of spot Ethereum ETFs, making it a potentially lucrative investment opportunity. However, the SEC's ongoing investigation into the Ethereum Foundation and the uncertainties surrounding the approval of spot Ethereum ETFs suggest that investors should proceed with caution and consider other investment options such as Bitcoin and the stock market.
Crypto trader predicts that Dogecoin (DOGE) is poised for a significant upward movement against the US dollar and Bitcoin, potentially surging by over 50%, while also suggesting that fellow memecoin Pepe (PEPE) is ready for a surge to a new all-time high.
Bitcoin analyst Kevin Svenson predicts that higher levels of volatility will occur if Bitcoin surges by around 40% from its current level, with the potential for a dip of 40% or more from the sell point of $90,000.
Investors have been drawn to meme coins on the Solana network, with MUMU The Bull poised to be the next big gainer as it aims to decentralize the world's finances and has completed a supply airdrop to Solana's top NFT communities.
The U.S. SEC has delayed its decision on Grayscale Ethereum Futures Trust's Ethereum ETF application until May 30, potentially impacting the price of Ethereum.
Despite recent corrections in the Ethereum (ETH) price, daily active addresses on the Ethereum network continue to rise, suggesting sustained interest and engagement within the network, raising questions about the future of ETH price.
Bitcoin price is dropping as investors continue to book profits amid ongoing outflows, and JPMorgan anticipates a larger sell-off even after the upcoming halving event.
BlackRock's Head of Digital Assets, Robert Mitchnick, revealed that there is little to no interest from the firm's clients in an Ethereum ETF, in contrast to the strong demand for Bitcoin, reflecting a general tepid appetite for cryptocurrencies other than Bitcoin in the market.
The native token of Polymesh, a crypto project focused on real-world asset tokenization, has surged 69% in the past week following the launch of a new private blockchain, with the token now trading at $0.415.
Yield Guild Games is evolving from a guild into a guild protocol, aiming to be the infrastructure layer that enables all guilds to exist and thrive in blockchain games, with their integration in Pixels being a significant example of this evolution. The protocol will provide tokenized credentials, asset and role management tooling, and deep integrations into games, allowing players to carry guild structures into game worlds and be rewarded together, ultimately creating a scalable infrastructure for gaming guilds in the Web3 space.
Elon Musk's company X Payments has obtained licenses in three states for money transmitter activities, potentially paving the way for Dogecoin (DOGE) payments on the platform.
