The Business & Technology Network
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Bitcoin (BTC) could be approaching a “euphoric bull” phase, according to a popular on-chain analyst. The pseudonymous analyst known as Checkmate tells his 91,100 followers on the social media platform X that BTC is approaching a “decision point.” “Bitcoin breaking to a new ATH (all-time high) has historically represented a transition point from the Enthusiastic Bull, into the Euphoric Bull. It...
New data reveals crypto whale transactions are rising for two Ethereum (ETH)-based altcoins as the broader market rallies. According to market intelligence platform Santiment, deep-pocketed investor activity is picking up for layer-2 altcoin Optimism (OP) and fan-focused crypto project Chiliz (CHZ). “With crypto rebounding big [May 20th], keep an eye on the rising whale activity among many...
A closely followed economist is warning that a major economic event last witnessed almost a century ago will likely rear its ugly head in 2025. Henrik Zeberg tells his 140,700 followers on the social media platform X that he sees risk-on assets such as stocks and crypto going higher and higher for the next few months. However, the economist predicts that the bullish conditions will abruptly...
A trader known for several accurate crypto market calls says that Bitcoin (BTC) may be gearing up for a massive breakout. Pseudonymous analyst Dave the Wave tells his 146,500 followers on the social media platform X that Bitcoin may be following a bullish pattern of trading in a range before putting up an approximate 50% gain. “The BTC megaphone.” Source: Dave the Wave/X Looking at his daily...
A widely followed crypto strategist says that a certain altcoin group will massively benefit from the approval of a spot market Ethereum (ETH) exchange-traded fund (ETF). Pseudonymous analyst DonAlt tells his 554,400 followers on the social media platform X that while an Ethereum ETF might be a bit bearish for Bitcoin (BTC) inflows, it will be bullish for Ethereum and an altcoin cohort that has...
The venture capital arm of the world’s largest crypto exchange by trading volume is announcing a new investment in a decentralized exchange (DEX) protocol. According to a new press release, Binance Labs has invested in a layer-2 (L2) DEX called Aevo, a rebrand of Ribbon Finance. Aevo bills itself as a high-performance derivatives DEX platform tailored for futures and perpetual contracts trading...
A JPMorgan Chase customer reportedly lost $300,000 at a bank branch in Brooklyn immediately after withdrawing the cash. The 31 year-old customer withdrew the huge sum from a teller and was robbed once he exited the bank’s front door, reports News 12. Although the bank has not released a statement on the assault, it provided security footage from the branch showing the alleged robber, which...
Venture capital (VC) investment in crypto firms is reportedly on the rise following a slump of seven consecutive quarters. Citing data from private equity and venture capital deals information provider PitchBook, Reuters reports that VC investment in crypto companies rose by 41% quarter-on-quarter to reach a figure of $2.4 billion in the first three months of 2024. The figure is still a fraction...
Closely followed trader and economist Alex Krüger believes Ethereum (ETH) is headed to new all-time highs (ATHs) due to one key catalyst. Krüger tells his 175,400 followers on the social media platform X that a possible approval of a spot ETH exchange-traded fund (ETF) as early as this week could send the top altcoin soaring. The odds for an ETH ETF approval by the U.S. Securities and Exchange...
A New York man pled guilty to fraud charges last week after using various fake crypto and real estate schemes to swindle investors out of more than $1.3 million. Thomas John Sfraga, who went by the alias “T.J. Stone,” defrauded more than a dozen victims, including friends and neighbors, according to an announcement from the U.S. Attorney’s Office for the Eastern District of New York. Sfraga...