The launch of bitcoin ETFs by the U.S. Securities and Exchange Commission could lead to a surge in bitcoin prices, with one expert predicting a price of $100,000 per BTC by the end of 2024, and another suggesting that bitcoin could reach a value of $1 million per coin if it captures 10% of gold's market share.
Polygon's rival Optimism (OP) may experience a significant surge, with a potential increase of over 55% according to cryptocurrency analyst Michaël van de Poppe.
Grayscale's bitcoin ETF, GBTC, has experienced significant outflows after the launch of competing bitcoin ETFs, losing approximately $1.7 billion in assets in its first five days of trading.
The Securities and Exchange Commission's approval of 11 new exchange-traded funds (ETFs) tracking the price of Bitcoin has been seen as a significant event for the cryptocurrency, despite the columnist arguing against fear of missing out (FOMO) as a reason to invest in such funds.
Bitcoin, the leading cryptocurrency, has experienced significant growth and is predicted to continue rising in value, but JPMorgan's CEO warned that the mysterious creator of Bitcoin, Satoshi Nakamoto, could return and erase the cryptocurrency altogether.
Preorders for the second edition of the Solana mobile phone have surpassed expectations, reaching 30,000 in the first week, with a lower price of $450 compared to the previous edition's $599, although not all preorders are guaranteed to receive a device.
Bitcoin options are currently cheap, leading some traders to increase their bullish positions, as implied volatility drops below realized volatility.
A 19-year-old man in Florida is accused of stealing $800,000 in a cryptocurrency scheme by using "SIM swapping" to gain control of victims' crypto accounts, while also being linked to music leaks; cyber security experts advise enabling two-factor authentication to protect against such attacks.
Root Protocol, a digital identity service, has raised $10 million in funding, led by Animoca Brands, to develop a Web3 operating system that will serve as a digital identity aggregator for accessing decentralized platforms.
Former President Donald Trump is launching an NFT collection called Trump MugShot on the Bitcoin blockchain, with 200 cards being inscribed and sold on Magic Eden, along with VIP event tickets for purchasers.
Adding bitcoin to a traditional investment portfolio can significantly increase volatility and risk, with even a small allocation having a disproportionate impact on overall portfolio volatility, according to Morningstar research.
Despite the recent market crash of non-fungible tokens (NFTs), a more modest version of NFTs is gaining traction in corporate America's marketing departments, with major companies such as Nike and Coca-Cola utilizing NFTs as a cutting-edge marketing tool to engage customers and expand their market reach.
The approval of a spot ether (ETH) exchange-traded fund (ETF) by the SEC by May is unlikely, with JPMorgan giving it no more than a 50% probability, due to concerns about how ether is classified by the regulator and ongoing lawsuits against crypto exchanges.
Former President Donald Trump pledged to prevent the creation of a U.S. Central Bank Digital Currency, citing it as a dangerous threat to freedom, aligning with the views of Republicans in Florida, North Carolina, and Congress, while Democrats, including President Joe Biden, have been more receptive to the idea.
An Ethereum whale withdrew 3,600 ETH from Binance, continuing their trend of accumulating Ethereum during market lows and selling near the top, with a current holding of 31,700 ETH worth $78 million, while the broader crypto market struggles.
The launch of low-cost Bitcoin ETFs may negatively impact Coinbase's volumes and margins as more investors opt for exposure to the cryptocurrency through these ETFs, according to J.P. Morgan analyst Kenneth Worthington.
Bitcoin analyst Benjamin Cowen warns that if Bitcoin falls to the bull market support band, it could lead to a substantial 15% drop, with the outcome depending on the state of the US economy.
ARK Invest has been gradually shifting its investments from ProShares Bitcoin Strategy ETF (BITO) to its own spot bitcoin ETF, ARKB, with recent trades amounting to around $15 million.
Bitcoin has dropped over 15% and seen $1.5 billion outflows from the Grayscale Bitcoin Trust (GBTC) following the launch of spot exchange-traded funds (ETFs), as investors have been exiting the bitcoin space entirely rather than switching to cheaper spot bitcoin ETFs.
Investors are expected to take another look at ether due to the growing popularity of spot ETFs and Ethereum's dominance in the DeFi and NFT industry, as well as upcoming upgrades and institutional demand.
Crypto futures traders have experienced $217 million in liquidations due to the approval of spot bitcoin ETFs being a "sell-the-news" event, with concerns over Grayscale's potential bitcoin sale contributing to price drops.
ARK Invest's CEO, Cathie Wood, responded to JPMorgan Chase's CEO, Jamie Dimon, dismissing Bitcoin as a "pet rock," highlighting the cryptocurrency's significant hash rate and market performance.
Bitcoin's price has declined following the launch of Bitcoin exchange-traded funds (ETFs), with CNBC's Jim Cramer commenting on the selloff and suggesting that the market has not reached its lowest point yet.
Bitcoin's price has dropped to its lowest level since mid-December as the hype surrounding new exchange-traded funds subsides, resulting in the cryptocurrency being in the red since the beginning of 2024.
Traders betting on long positions in major cryptocurrencies faced significant liquidation, with over $200 million worth of long positions being liquidated in the past 24 hours.
The amount of cryptocurrency stolen through scams in 2023 decreased by nearly a third compared to 2022, totaling $24.2 billion, according to a report by Chainalysis. However, criminal activity such as ransomware and darknet market activities saw significant revenue increases, and stablecoins have surpassed Bitcoin as the preferred choice for scammers.
Cryptocurrency analyst Michael van de Poppe predicts that Chainlink (LINK) could increase by over 90%, while Ethereum (ETH) is expected to enter an uptrend against Bitcoin (ETH/BTC) and Bitcoin itself is anticipated to consolidate and possibly rally in the coming months.
Federal Judge Katherine Polk Failla heard arguments in a case that could determine the future of cryptocurrency regulation, with Coinbase arguing that the SEC's lawsuit alleging securities law violations should be dismissed, potentially impacting SEC Chair Gary Gensler's regulatory agenda.
Nifty Island is a sandbox game that allows players to build their own custom island for free, with a focus on NFTs and crypto gaming, offering a wide range of tools and customization options, although its NFT-forward approach may not appeal to everyone, and it targets a younger gamer audience.
An influencer microwaved a Solana smartphone as a stunt, minted commemorative NFTs based on it, and generated about $33,000 worth of trading, causing a reaction from Solana users on Twitter.
Hivemapper (HONEY), an altcoin built on the Solana blockchain, experienced a surge in price after Coinbase announced its listing, but has since retracted and is currently trading at $0.30.
The price of bitcoin fell to its lowest in a month, with the decline of 4.5% matching the drop in the CoinDesk 20 Index; since the start of trading for spot bitcoin ETFs, the price of bitcoin has decreased by about 13%, while new spot ETF issuers have added over 68,000 bitcoin in their first week of action.
Ethereum's staking rate has reached 24% of its total supply, indicating a shift among ETH holders towards earning passive income through staking instead of selling for immediate price appreciation, reflecting increased confidence and commitment to the network's future.
BlackRock's iShares Bitcoin Trust (IBIT) has surpassed $1 billion in assets under management in its first week of trading, while Bitcoin's price has dropped by over 11% since the launch of Bitcoin exchange-traded funds (ETFs), possibly due to investors cashing out their initial gains from the ETF hype.
Blockchain game developer Laguna Games is migrating its Crypto Unicorns and related NFT games from the Ethereum sidechain network Polygon to Arbitrum's Xai gaming network to avoid expensive gas fees and improve the player experience.
The co-founders of crypto analytics firm Glassnode believe that Solana (SOL) has the potential to outperform Ethereum (ETH) by up to 5 times in the current bull run based on the SOL/ETH chart and strong momentum indicators.
Former U.S. President Donald Trump has released a digital collectible NFT on the Bitcoin blockchain, but unlike normal NFTs, this one cannot be traded until December 2024.
Investors can potentially earn high staking rewards in the cryptocurrency market, with Energi (NRG) offering the highest reward rate at 55.82%, followed by Evmos (EVMOS) at 34.13% and Comdex (CMDX) at 29.62%. However, factors such as network stability, inflation rates, and validator activity should also be considered when making investment decisions.
Welcome to TechCrunch Crypto, where this week we cover news such as Solana Mobile's preorders, Coinbase's court case, the decline in monthly active crypto developers, Google removing crypto apps from India, and the impact of bitcoin ETF approval on trading volumes.
Tether, the stablecoin giant, has purchased more than $2.8 billion worth of Bitcoin, making it one of the largest private companies holding the digital asset, despite its controversial history.
dYdX has become the largest decentralized exchange (DEX) by daily trading volume, surpassing Uniswap v3 on Ethereum, and now holds 10.7% of the crypto market share, following a strategic migration to Cosmos; technical indicators suggest potential growth for the dYdX token, but caution is advised.
Franklin Templeton's Digital Assets Research Team takes over its Twitter account, posting memes and engaging with the cryptocurrency community, showcasing the shift in traditional finance's attitude towards the crypto space.
Crypto users in China are finding ways to bypass the country's cryptocurrency ban by conducting trades in public locations and using social media apps, showcasing the challenges of enforcing such bans in authoritarian countries.
The popular web-based game Pixels is ending its Play-to-Airdrop 2.0 campaign, marking the final chance for players to earn PIXEL tokens before the token launch and distribution. The campaign will conclude on Friday, with 8,000 players receiving token allocations based on their leaderboard rankings and in-game points. The launch date for the PIXEL token has not been announced yet, but the team assures that it is "super close."
Disgraced crypto exchange CEO Sam Bankman-Fried's parents are fighting to hold on to their FTX wealth, after being accused of receiving millions of dollars in cash gifts and properties, with lawsuits filed against them by FTX's current leadership.
Former President Donald Trump stated that he would not allow the creation of a central bank digital currency, a potential setback for proponents of a more efficient payment system.
The Cardano (ADA) price has been trading in a corrective pattern since reaching its 2023 high, with the possibility of a breakout leading to a 30% increase or a breakdown triggering a 25% drop.
Tether, the world's largest stablecoin, added 8,888 BTC to its holdings, bringing its total to 66,465 BTC and making it the 11th-largest holder of the cryptocurrency, as it aims to reduce reliance on cash and cash-like assets.
BlackRock's Bitcoin exchange-traded fund has attracted over $1 billion in investor inflows, becoming the first in the group of new ETFs holding the cryptocurrency to surpass this milestone since they began trading.
Coinbase argues that buying cryptocurrencies is similar to buying collectibles like Beanie Babies, as they don't confer the same rights as stocks or bonds, in response to a lawsuit from the SEC accusing the exchange of selling unregistered securities.