Crypto analyst Kaleo, renowned for his accurate predictions, foresees a substantial rally for Theta Network (THETA), a decentralized video delivery platform. He anticipates a surge of over 200%, driven by renewed interest in the social finance (SoFi) sector.
Theta Network, currently trading at $3.10, has the potential to exceed $10 according to Kaleo's analysis. He attributes this optimism to upcoming token releases such as ARENA and the FT airdrop, which are expected to rekindle investor attention.
Additionally, Kaleo expresses bullish sentiments towards TraderJoe (JOE), the native governance token of the Avalanche-based decentralized exchange (DEX). He projects JOE to reach $3.50 by April, supported by the AVAX memecoin frenzy and substantial incentives for liquidity pool staking.
Lastly, Kaleo highlights BNB's potential, particularly in its Bitcoin pair (BNB/BTC). He identifies a bullish pattern indicating a possible surge to 0.0102 BTC ($710) as BNB demonstrates higher low prices.
Grayscale report: Bitcoin, crypto market poised for growth pending stable macroeconomy. Bitcoin resilient despite April dips. Fed hints at rate cuts amidst inflation concerns. Positive crypto developments include Bitcoin halving, stablecoin market growth.
EdmundHong Kong's spot Bitcoin ETFs saw second straight day of outflows, with 90.16 BTC leaving on Thursday. China Asset Management's ETF led outflows, reversing earlier inflow trends. Despite this, total AUM for all three ETFs reached 4,260 BTC and $261.45 million. Investor behavior shifts with $5.5 million total daily outflows.
EdmundHoskinson voices concerns over Biden administration's crypto approach, criticizes SEC's SAB 121. Warns of talent exodus and urges voting for crypto-friendly candidates. Contrasts Biden's stance with Trump's support for crypto. Calls for voter prioritization of crypto issues in upcoming elections.
Xu LinEU explores integrating cryptocurrencies into €12 trillion investment market, potentially eclipsing US crypto ETFs. ESMA's consultation on crypto under UCITS framework heralds a significant shift. Despite benefits, challenges like aligning custody practices remain, indicating a complex path ahead.
Xu LinViaBTC underscores the significance of Bitcoin transaction fees, propelled by applications like Ordinals and Runes, in sustaining miners amidst halving events. Despite challenges, ViaBTC's record-setting transaction fee on halving day highlights the potential of increased network activity for miner compensation, aligning with Satoshi Nakamoto's vision.
Huang BoVan de Poppe warns of Bitcoin's vulnerable position, signaling a possible dip to $52,000-$55,000. Declining whale accumulation and bearish market trends heighten concerns despite ongoing demand from American spot Bitcoin ETFs and MicroStrategy.
EdmundBinance was fined by the Canadian financial regulator for violating anti-money laundering rules. The Wall Street Journal revealed that Binance found market maker DWF Labs involved in market manipulation.
AlexGrayscale's Q1 revenue flat despite GBTC's conversion to ETF; outflows prompt fee reconsideration. US spot Bitcoin ETFs face competition; DCG sees 11% revenue rise; Foundry and Luno subsidiaries thrive amidst volatility.
Huang BoDOGE price dips 5.8% after Robinhood's SEC trouble. Tight BTC correlation adds pressure. Technical analysis points to $0.143-$0.146 support zone. Resilient indicators offer cautious optimism.
Huang BoPublicly traded companies collectively hold over $19 billion worth of Bitcoin in their treasuries. Leading the pack are prominent names such as MicroStrategy, Tesla, and Coinbase, along with Bitcoin mining firms.
KikyoWilcox, in a blog post, cited concerns about his personal identity becoming overly associated with Zcash during his tenure as CEO. He expressed the belief that this dynamic could be detrimental to both himself and the cryptocurrency.
BrianUS bank SoFi strategically exits the crypto sector, emphasising the challenges faced in the volatile market.
Hui XinSoFi Technologies exits the crypto market due to regulatory pressures, transitioning clients to Blockchain.com. This move underscores industry challenges and a broader shift towards traditional banking practices.
Huang Bo
JinseFinanceBreakdown by Lars, Research Director at The Block.
TwitterFTX.US is no longer part of the Crypto Council for Innovation, an industry lobby group.
OthersThe biggest cryptocurrency expo in Southeast Asia will debut on October 6–9, 2022, in Thailand.
M Vision PLC
BeincryptoThe cryptocurrency market has been facing a second bloodbath without any gap for the first time in history, disrupting the ...
Bitcoinist