SHIB’s price has risen by almost 10% in the last week. However, the rally may be shortlived, as bearish momentum remains significant. As a researcher with extensive experience in analyzing cryptocurrency markets, I believe that Shiba Inu (SHIB) may experience a price decline despite its recent 10% gain in the last week. While it’s true … Read more
As an analyst with a background in finance and experience following the cryptocurrency industry, I find Core Scientific’s Q1 financial results impressive, especially considering their emergence from bankruptcy. The company’s total revenue more than doubled year over year, driven primarily by digital asset mining revenue that exceeded mining costs by a substantial margin. This significant … Read more
As an analyst with extensive experience in the fintech industry, I find the National Bank of Rwanda’s (BNR) exploration of a retail central bank digital currency (CBDC) to be an intriguing development. Given Rwanda’s ongoing efforts towards a cashless economy and the challenges posed by frequent power outages, a CBDC seems like a logical next … Read more
After the recent drop to $56.8k, Bitcoin seemed to have a short-term bearish bias. Signs of accumulation and demand were present, but the consolidation period might not end soon. As a seasoned crypto investor with several market cycles under my belt, I’ve learned to read between the lines when it comes to Bitcoin’s price movements. … Read more
As a seasoned crypto investor with a deep understanding of the regulatory landscape, I strongly support the Biden administration’s decision to veto H.J.Res. 109. The SEC’s SAB 121 is a crucial measure that ensures banks treat digital assets as assets on their balance sheets and maintain adequate capital against them. This rule was put in … Read more
Grayscale makes a U-turn on ETH futures ETF application Analysts offer divergent views on Grayscale’s move and SEC’s next play. As an experienced analyst, I believe that Grayscale’s withdrawal of its Ethereum futures ETF application adds another layer of uncertainty to the already complicated regulatory landscape surrounding Ethereum-backed Exchange Traded Funds (ETFs) in the US. … Read more