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Elon Musk is refuting claims that he was in talks with former US president Donald Trump about crypto. Citing a source who purportedly knows about the meetings, Bloomberg recently reported that the two billionaires are discussing cryptocurrency policy. However, in a post on social media platform X, Musk says the report is unfounded. “Pretty sure I’ve never discussed crypto with Trump, although I...
One trader is seeing seven-figure profits on a Solana (SOL)-based memecoin that is up 51x year-to-date, according to on-chain data. Blockchain tracking firm Lookonchain notes that one trader purchased dogwifhat (WIF) in December 2023 and has racked up a 118,967% gain by making a series of strategic sales as the memecoin soared. “Every time WIF goes up, this 1,000x winner sells part of WIF for...
ARK Invest CEO Cathie Wood believes wirehouses will only have interest in exchange-traded funds (ETFs) for top digital assets. In a new interview with Peter McCormack at the Consensus 2024 crypto conference, Wood says that the large broker-dealers will likely embrace only a spot Bitcoin (BTC) ETF and an Ethereum (ETH) ETF. To date, only Bitcoin ETFs have launched. But it now seems possible ETH...
A widely followed analyst and trader is predicting triple-digit gains for a leading memecoin while updating his outlook on three other crypto assets. The trader pseudonymously known as Altcoin Sherpa tells his 216,400 followers on the social media platform X that Dogecoin (DOGE) potentially surging to $0.40, about 147% above the current level, “is one of the safest trades you can make this cycle...
The co-founders of blockchain analytics firm Glassnode are expressing bullish sentiment on Bitcoin (BTC) as the flagship crypto asset lingers by around 8% below the all-time high. Glassnode co-founders Jan Happel and Yann Allemann who share the handle Negentropic on the social media platform X, say that Bitcoin could hit a new all-time high of $75,000 if BTC overcomes the “formidable” resistance...
JPMorgan Chase CEO Jamie Dimon just issued a major warning on where he believes the US economy is heading. At AllianceBernstein’s Strategic Decisions conference, Dimon said he’s betting unchecked government spending will end in stagflation – the term for a dreaded combination of high inflation, high unemployment and low growth, reports Fortune. “I look at the amount of fiscal and monetary...
A widely followed crypto analyst believes one artificial intelligence (AI) focused altcoin project is about to outperform the broader market. Pseudonymous crypto trader Altcoin Sherpa tells his 216,400 followers on the social media platform X that decentralized GPU rendering blockchain Render (RNDR) has a strong-looking market structure. “RNDR: still a fine place to just buy and hold RNDR in my...
Filipino politician and former boxing champion Manny Pacquiao is sending a special thanks to the Shiba Inu (SHIB) community. The boxing legend recently issued a short video thanking the SHIB Army in response to charitable contributions to his philanthropic Manny Pacquiao Foundation. “Hello, SHIB Community. Thank you for your commitment to helping those in need. We appreciate your continued...
Two hackers reportedly cracked the forgotten password of a digital wallet containing a treasure trove of Bitcoin (BTC). Wired reports that in 2013, a cryptocurrency owner who goes by the alias “Michael” stored his Bitcoin holdings in a password-protected digital wallet. Unfortunately, the password was stored in an encrypted file that later got corrupted, leaving Michael unable to access the...
A widely followed crypto analyst says that Bitcoin (BTC) is on the cusp of entering the parabolic phase of the market cycle. In a new strategy session, pseudonymous crypto trader Rekt Capital tells his 474,000 followers on the social media platform X that it appears as if the crypto king is one weekly close away from going parabolic. However, the analyst notes that most likely, it won’t be weeks...