Coinbase investors should pay attention to ETFs, as they are a rapidly growing and sustainable business for the company.
Pump, a meme coin generator platform on Solana, has generated over $5 million in fees since its launch in March and is projected to earn around $66 million in annual revenue, making it one of the most profitable applications in the crypto space by offering token creation services.
Bitcoin may face selling pressure in the second half of April due to the well-entrenched bullish impact of halving and the potential decrease in dollar liquidity caused by U.S. tax payments, according to Arthur Hayes, a co-founder of BitMEX and the chief investment officer at Maelstrom.
Cryptocurrency stocks, including Coinbase and MicroStrategy, saw gains due to Bitcoin surpassing $72,000 ahead of the upcoming halving event, with expectations of Bitcoin hitting a new high of over $73,737; analysts are optimistic about MicroStrategy stock.
Ethereum has experienced an 8% surge in the last 24 hours, outperforming Bitcoin, due to rumors about the possible approval of U.S. exchange-traded funds for the cryptocurrency.
BTC is surging towards $72,000, driving up the stock prices of crypto companies like MicroStrategy and Coinbase, while Bitcoin mining companies are seeing minimal gains.
Low-priced tokens under $2 like Retik Finance (RETIK), Polygon (MATIC), and Ripple (XRP) offer a smarter investment option than Cardano (ADA) for investors looking to minimize risk while capitalizing on potential gains in the digital asset market.
Ether (ETH) rallied during East Asia's trading day, outperforming Bitcoin (BTC), potentially driven by market interest in the DeFi protocol Ethena and not necessarily the anticipation of a spot ether exchange-traded fund (ETF) approval.
Gaming-focused blockchain Saga Protocol is launching its mainnet and SAGA token, offering a layer-1 network that allows developers to launch their own chains and power decentralized gaming apps, with the token being used to pay for transaction fees. The project has gained significant attention, with a record-breaking $13.4 billion staked on Binance during an airdrop campaign. Saga also recently announced its game publishing division, Saga Origins.
Major cryptocurrencies, including Ethereum, Bitcoin, and Dogecoin, experienced significant price gains driven by factors such as potential short squeezes, technical trading tailwinds, and unexpected support from leading Chinese money management firms.
Several major cryptocurrencies experienced a rally today, driven by potential short squeezes, technical trading patterns, and unexpected support from Chinese money management firms.
Immutable Games announced the release of an expansion pack for their blockchain-based NFT card game Gods Unchained, featuring a crossover with the upcoming mobile RPG Guild of Guardians, set to be launched on April 23.
Crypto trader Avi Eisenberg's criminal fraud and manipulation trial opens with a 15-person jury, representing an evolution in the government's attempts to police alleged crimes in decentralized finance.
Tensor has launched its TNSR token on the Solana NFT marketplace, offering over $200 million worth of tokens in airdrop rewards, but its current price of $1.60 is down 33% from its high of $2.45, with fluctuating values being typical for new tokens.
Fraudsters are flooding YouTube with fake solar eclipse livestreams featuring an AI-generated Elon Musk speech to trick viewers into investing in cryptocurrency.
Bitcoin's BitVM technology, which aims to bridge BTC to other blockchains, is facing criticism for its economic instability and potential risks to user funds, with developers highlighting the need for bridge operators to have sufficient liquidity to process withdrawal requests and mitigate these risks. Despite proponents arguing that risk mitigation strategies exist, critics point out the limitations and express concerns about the safety of the bridge.
Biometrics developer HumanCode AI and The Open Network are launching a $5 million incentive program to encourage users to enroll in a palm-scanning proof-of-personhood program, offering reliable identity verification while maintaining user privacy.
Ethena Labs has increased rewards for its users by 50% as part of its "season 2" initiative, leading to a 14% surge in the value of its native token ENA, which is currently trading at $1.306; the company aims to incentivize user participation and strengthen its ecosystem through this strategy.
Bitcoin's surge above $70,000 is expected to benefit MicroStrategy's stock, which has risen by 140% this year, as the company's strategy of acquiring and holding bitcoin is supported by accretive capital raises and an increased implied premium of its bitcoin holdings. Analysts have raised their price target for MicroStrategy and maintain a consensus rating of Strong Buy.
Cryptocurrency analyst Michael Van De Poppe shares strategies for making millions in crypto by emphasizing strategic portfolio management, including picking promising altcoins, rotating gains, and holding Bitcoin until the cycle's end. He also emphasizes the importance of taking risks when there is low interest and reducing risk during excessive hype, aiming for a 300% to 400% return on altcoins combined with the expected appreciation of Bitcoin and Ethereum for a potential ten-fold portfolio growth.
Ronin is an Ethereum sidechain for gaming that offers faster and cheaper transactions, and it experienced a $622 million hack in March 2022.
Cryptocurrencies, such as NEO, VeChain, EOS, and IOTA, which faded into obscurity after the 2017 bull run, are making a comeback with strong price surges and bullish indicators.
Shiba Inu (SHIB) price is on the verge of a bullish breakout, with investors showing increasing conviction and the potential for a 42% rally, but a failure to break out could result in a decline and loss of support.
Ordz Games has announced the BitBoy One, a retro handheld gaming console that allows players to earn Bitcoin while playing blockchain-connected games, with an expected price tag of around $500.
The price of Ethereum Classic (ETC/USD) has increased by 6.25% in the past 24 hours and 11.0% in the past week, with a current price of $35.58; the coin's all-time high is $167.09, and its trading volume has fallen 1.0% over the past week.
Cash inflows into major crypto funds reached their highest level ever at $13.8 billion so far in 2024, driving Bitcoin's price up, but fund manager CoinShares predicts a slowdown due to moderating investor enthusiasm.
Crypto short sellers are being liquidated as Bitcoin surpasses $70,000 and altcoins also rally, leading to over $187 million in liquidations in the last 24 hours, with Bitcoin accounting for $78.24 million and Ethereum for $40.02 million, while analysts predict that Bitcoin could reach $85,000 and even surpass $500,000 in 2025 based on stock-to-flow models.
Former President Donald Trump has earned millions from cryptocurrency, particularly through non-fungible tokens (NFTs), but the recent volatility in the crypto market has caused his portfolio to decline in value.
Cryptocurrencies are expected to experience significant gains, similar to those in 2021, as the Fourth Bitcoin Halving approaches, with historical trends showing that the largest profits occur in the year following a halving event.
Gold futures and bitcoin have seen significant growth in the past six months, but there are risks such as volatility, security, and regulatory concerns that investors should consider when adding them to their portfolios.
The decline in Ripple (XRP) price and lack of interest from institutional investors are causing bearish signals, with a crucial level of $0.60 that could result in further drawdown if lost, but a potential breach of $0.64 could invalidate the bearish thesis.
Crypto stocks, including MicroStrategy, Coinbase, and Tesla, are performing well as Bitcoin flirts with $72,000 and remains close to its all-time high.
Bitcoin (BTC) surged above $72,000 and is now trading less than 3% below its all-time high, signaling that the pre-halving pullback may be over and a breakout to higher prices could be imminent.
Cardano price is poised for a potential breakout, with the accumulation of ADA by whales and a falling wedge pattern suggesting a 32.91% rise to $0.813, but a decline to $0.500 is possible if selling sentiment intensifies.
U.S. stock indexes started the week positively as investors awaited key inflation data and the start of the new quarterly earnings season, with notable stock movers including Boeing, Tesla, Taiwan Semiconductor Manufacturing, Coinbase, Spirit Airlines, United Airlines, Ferrari, Novo Nordisk, and SoFi Technologies.
Dogecoin (DOGE) has emerged as one of the most discussed and valued cryptocurrencies, surpassing the market cap of major companies, highlighting the eccentricity of the crypto community.
Changpeng Zhao (CZ), the founder of Binance, remains the richest person in crypto despite facing legal issues and paying millions in fines, with his net worth estimated at around $33 billion.
Crypto investors and individuals who received payment in cryptocurrency will need to report taxable transactions and pay taxes on income or gains from crypto assets on their 2023 tax return, despite uncertainty regarding tax reporting rules and calculations. Third-party reporting requirements for crypto brokerage platforms have been delayed until final regulations are issued by the Treasury, but individuals are still responsible for accurately reporting their crypto transactions to the IRS.
Coinbase shares are trading higher due to a rise in the price of Bitcoin, as well as the company's registration as a Restricted Dealer in Canada, and the release of a positive price target by Oppenheimer analyst Owen Lau.
The non-fungible token (NFT) and gaming sectors show signs of renewed excitement as tokens Saga (SAGA) and Tensor (TNSR) prepare for listings on major crypto exchanges, indicating a potential surge in growth for these industries.
Bitcoin reaches $72,000, showing a spike in prices and a significant increase in BTC futures open interest, leading to liquidation of short positions. Ethereum also experiences a 6.9% surge in value, while experts attribute Bitcoin's recent drop to Grayscale's outflows. The market anticipates the Bitcoin halving on April 20th, historically resulting in a bullish trend for long-term investors. However, Coinbase advises caution, stating that past performance does not guarantee future success.
Decentralized exchange aggregator 1inch Network has partnered with crypto card developer Baanx and Mastercard to create a Web3 debit card, allowing users to make online and in-person purchases, cash withdrawals, and seamless crypto-to-fiat conversions.
Ripple CEO Brad Garlinghouse predicts that the total cryptocurrency market capitalization could reach $5 trillion due to key developments in the sector, such as the launch of the first US spot Bitcoin ETFs and the upcoming Bitcoin halving event.
Large financial services firms have shown continued interest in blockchain technology for banking and payments, while the adoption in the insurance and real estate sectors remains uncertain. Despite CEO Jamie Dimon's criticism of cryptocurrencies, JPMorgan Chase has been a leader in developing blockchain-based solutions. The transition to blockchain in financial services may take a few more years, but the technology is not just hype.
MicroStrategy's price target has been raised to $1,875 from $990 by Benchmark, citing the upcoming bitcoin halving as a significant opportunity for the software company, which has a unique business model based on acquiring and holding bitcoin, and the broker has also increased its bitcoin 2025 year-end price forecast to $150,000.
The cryptocurrency market, particularly Bitcoin, experienced a solid 2023 and is expected to continue its rally, with various estimates predicting Bitcoin reaching prices ranging from $100,000 to $450,000 by 2025. Additionally, there are several Bitcoin-oriented stocks, including NVIDIA, Coinbase Global, Robinhood Markets, CleanSpark, and Interactive Brokers Group, that have strong potential for 2024.
U.S. crypto-related stocks, including Coinbase, MicroStrategy, and BlackRock's bitcoin ETF, rose as bitcoin climbed through $72,000 for the first time since mid-March, indicating positive market momentum.
TeraWulf Inc. has announced that it has reduced its debt balance to $75.9 million with the repayment of an additional $30.1 million of its Term Loan, citing plans to use profits for organic growth, potential dividends, or share buybacks.
The market cap of memecoins has reached its highest level since 2021, with meme assets nearly tripling in value to $56 billion in Q1 of 2024, driven by strong demand and a growing interest in seemingly useless crypto-assets.
Binance, the cryptocurrency exchange, is facing scrutiny and accusations from Nigerian authorities of currency manipulation, facilitating illicit funds transfers, and tax evasion, with one executive in custody and another having fled the country.
