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A closely followed crypto analyst says that deep-pocketed investors are suddenly loading up one top-10 altcoin. Crypto strategist Ali Martinez tells his 66,200 followers on the social media platform X that in the past week, whales have scooped up massive amounts of the native token of layer-1 blockchain Toncoin (TON). “Whales have bought more than 45 million Toncoin over the past week, worth...
The largest bank in Singapore is partnering with a major stablecoin issuer to offer a new crypto custody service. According to a new Bloomberg report, DBS Group Holdings is offering a new crypto custody service in partnership with stablecoin-issuer Paxos Trust Co. According to a Paxos press release, the stablecoin issuer has secured approval from the Monetary Authority of Singapore (MAS) to...
Macro investor and fund manager Dan Tapiero believes there is a wave of crypto-related initial public offerings (IPOs) coming soon. In a new interview with Scott Melker, Tapiero says that the innovation going on with digital assets along with the sector’s growth potential is spurring more investment interest in so-called “public blockchain crypto businesses.” “I think that over the next 18...
Closely followed quant analyst PlanB believes that Bitcoin (BTC) is gearing up for a big bounce based on key indicators. In a new strategy session, the analyst, known for popularizing the stock-to-flow (S2F) model, tells his 169,000 YouTube subscribers that on-chain data indicates BTC remains in a bull market. PlanB looks at the realized price metric, which records the value of all coins in a...
Japanese conglomerate and consumer electronics giant Sony Group is reportedly preparing to unveil a crypto exchange platform in its home country. Blockchain reported Colin Wu says that Sony Group has purchased Amber Japan, the Japanese subsidiary of the digital asset firm Amber Group. “Singapore market maker Amber Group acquired Japan’s regulated cryptocurrency trading platform DeCurret in early...
One of the largest retail trading platforms in the world is considering launching crypto futures for customers in the US and Europe. According to a new Bloomberg report, Robinhood is looking at offering crypto futures trading in the US and European markets, but doesn’t have a specific timeline to do so. Said a Robinhood spokesperson, according to the report: “We have no imminent plans to launch...
Fed Chair Jerome Powell says the US is on an unsustainable fiscal path and that it should be a “top-level issue.” In a new discussion at the ECB Forum on Central Banking in Sintra, Portugal, Powell says that the US is running a “very large” deficit that needs to be addressed – ideally sooner rather than later. While he won’t comment on any administration’s specific policies, Powell says the US...
Current odds on the crypto betting platform Polymarket give President Joe Biden a one in three chance of dropping out of the upcoming US presidential race. Polymarket allows users to bet on the outcomes of almost any event, ranging from pop culture to sports to politics. The Biden bet resolves to “Yes” if he officially announces his withdrawal or is confirmed to have withdrawn from the 2024 US...
A top analyst known for making well-timed crypto calls is unveiling a huge price target for the Solana (SOL)-based memecoin dogwifhat (WIF). Pseudonymous analyst Bluntz tells his 264,200 followers on the social media platform X that WIF appears to be in the early stages of a fresh five-wave rally. Bluntz practices the Elliott Wave theory, which states that a bullish asset tends to go through a...
Binance, the world’s largest crypto exchange by trading volume, has announced that 11 altcoins are facing a potential delisting. On Monday, Binance extended its “monitoring tag” to Balancer (BAL), Cortex (CTXC), PowerPool (CVP), Convex Finance (CVX), Dock (DOCK), Kava Lend (HARD), IRISnet (IRIS), MovieBloc (MBL), Polkastarter (POLS), Status (SNT) and Sun (SUN). Binance says tokens with...