In summary, most cryptocurrencies have formed ranges or are trying to break out of their current ranges, with some showing signs of potential trend reversals. Bitcoin and Ethereum are attempting to hold above their respective moving averages, while altcoins like Dogecoin and Cardano continue to face selling pressure at resistance levels. Toncoin and TON are … Read more
As an analyst with a background in law and finance, I find the recent sentencing of Changpeng “CZ” Zhao, the former CEO of Binance, to four months in prison for violating U.S. money laundering laws, intriguing. While Zhao’s sentence may seem lenient compared to the three-year term requested by prosecutors, it is essential to understand … Read more
Stablecoin market cap grew to $158 billion, a 4.76% increase. DAI boost Ethereum Stablecoin trading volume As an analyst with extensive experience in the cryptocurrency market, I find the recent developments in Ethereum’s stablecoin sector to be quite intriguing. The stablecoin market cap growing to $158 billion, a 4.76% increase, is noteworthy, but the surge … Read more
As a seasoned crypto investor with several years of experience under my belt, I believe that Bitcoin’s price surge above $65,000 is a positive sign for the world’s largest cryptocurrency. The fact that popular analysts like Rekt Capital and Willy Woo are bullish on BTC based on historical trends and technical indicators gives me confidence … Read more
As a researcher with experience in blockchain technology and cybersecurity, I find the recent incident involving the Genius (GNUS) artificial intelligence network deeply concerning. The exploit that occurred on May 5, resulting in the loss of approximately $1.27 million, is a stark reminder of the risks associated with decentralized finance (DeFi) projects and blockchain networks. … Read more
As a researcher with a background in political finance, I find this development extremely intriguing. The fact that a political action committee (PAC) focused on crypto-backed candidates has reportedly surpassed $100 million in fundraising for the 2024 United States elections is a significant indication of the growing influence of the cryptocurrency sector in American politics. … Read more