Author: Crypto News

Some visionaries saw potential where others did not, reaping significant rewards as ETH became a cornerstone of the digital currency landscape. One such investor, renowned for his early support of Ethereum, has now turned his attention to a new altcoin that has taken the market by storm: Retik Finance (RETIK). This article delves into his latest move, examining why this crypto veteran believes RETIK could be the next big thing.The Search for the Next Big ThingDespite his success with Ethereum, this investor never rests on his laurels. The crypto market is known for its rapid shifts and emergent technologies, and…

Last updated: May 26, 2024 12:00 EDT | 2 min read The recent approval of Ethereum exchange-traded funds (ETFs) has opened the doors for more crypto investment products, according to research from TD Cowen’s Washington Research Group.While the speed of approval caught some off guard, the research group viewed it as an inevitable outcome following the approval of Bitcoin ETFs earlier this year.Jaret Seiberg, a member of TD Cowen’s team, noted that the Ethereum ETF approval came about six months earlier than expected but was predictable after the Securities and Exchange Commission (SEC) gave the green light to crypto futures…

Bitcoin’s recent surge has shifted market dynamics, heralding a potential season of prosperity for alternative coins. Investors are casting a keen eye on promising lesser-known cryptocurrencies that might yield substantial returns. Among these are BLP, STRK, and SEI, each presenting unique opportunities in a market brimming with optimism. With the bull run of 2024 underway, understanding where to direct investment focus could be crucial for those looking to capitalize on the current financial climate.Over $6 Million Raised: BlastUP Presale Continues, Offering Up To 1000% Potential ROIBlastUP has been getting a lot of attention lately thanks to its high potential to…

Last updated: May 26, 2024 08:28 EDT | 3 min read The FTX estate, responsible for managing the defunct exchange’s bankruptcy, has auctioned off the last of its heavily discounted Solana (SOL) tokens.The tokens were sold to Pantera Capital and Figure Markets at a significantly reduced price as part of efforts to reimburse creditors and former clients.FTX Sold $2.6 Billion Worth Of Solana Token (SOL) The estate of bankrupt crypto exchange FTX concludes sales of a $2.6 billion trove of discounted Solana tokens, with Figure Markets and Pantera among the buyers https://t.co/qv0UrHcxxY — Bloomberg Crypto (@crypto) May 24, 2024In a…

Last updated: May 26, 2024 05:15 EDT | 3 min read Bitcoin Price PredictionBitcoin (BTC/USD) is currently trading at $69,088, reflecting a slight decline of 0.33%, signalling a bearish Bitcoin price prediction.Meanwhile, the cryptocurrency industry is experiencing a surge in hiring, with over 1,200 job openings across major exchanges like Binance, Coinbase, and OKX. This hiring spree highlights the industry’s optimism despite Bitcoin’s recent price fluctuations.Crypto Exchanges on a Hiring Spree: Over 1,200 Job OpeningsOne of the largest cryptocurrency exchanges, led by Binance, Coinbase, and OKX, has over 1,200 job openings. This hiring surge reflects the industry’s optimism, anticipating Bitcoin…

Last updated: May 26, 2024 04:00 EDT | 2 min read Former President Donald Trump has made a promise to grant a presidential pardon to Ross Ulbricht, the founder of Silk Road, if he is re-elected in November’s election.Trump made this announcement during the Libertarian Party’s National Convention in Washington on May 25.“If you vote for me, on day one I will commute the sentence of Ross Ulbricht,” Trump said during his speech.He expressed his intention to bring Ulbricht, who has already served 11 years, back home.Ulbricht Sentenced to Two Life Terms in PrisonSilk Road, known as the first modern…

Last updated: May 25, 2024 12:00 EDT | 2 min read The Delaware Supreme Court has ruled in favor of BitGo by overturning a lower court’s dismissal of the company’s $100 million lawsuit against Galaxy Digital.The lawsuit stems from a failed acquisition between the two entities.In its filing on May 22, the Delaware Supreme Court stated that the language used in the BitGo-Galaxy Digital $1.2 billion merger agreement was “ambiguous.”The ambiguity led the court to reverse the decision made by the Delaware Chancery Court and open the opportunity for the consideration of additional evidence to resolve the ambiguity.BitGo Can Pursue…

The team behind the Mollars token presale & project have just released an interesting report via their official X profile. It had already been reported that the “MOLLARS” brand is seeing search volumes from crypto traders that are rivaling Bonk Inu (BONK) and Pepe (PEPE) tokens. Now data from an investor of the new store-of-value token is offering a look into what type of crypto traders are buying into Mollars presale.“Mollars ICO appears to be gaining the most momentum from these 10 cryptocurrency holders,” reads the tweet.Most Common Cryptocurrencies Held by Mollars InvestorsThe notice of analytical data was followed by…

Last updated: May 25, 2024 06:13 EDT | 4 min read Bitcoin Price PredictionAs Bitcoin tumbles following the SEC’s approval of ether ETFs, market analysts are closely monitoring the next key levels. Bitcoin’s price prediction indicates a potential bullish trend, with BTC/USD currently trading at $69,042.This update explores the pivotal support and resistance levels, providing insights into the future movements of Bitcoin amidst the shifting regulatory landscape.SEC Approves Rule Change for Ether ETFsThe SEC has approved a rule change to allow the creation of exchange-traded funds (ETFs) that invest in ether, one of the largest cryptocurrencies. This decision follows the…

Last updated: May 25, 2024 04:24 EDT | 2 min read Bitcoin whales, large holders of the cryptocurrency, have shown an increased appetite for accumulating more coins, signaling a return of confidence in the bull market, as per blockchain data.The resurgence in whale activity comes after the price of Bitcoin reached its all-time high in March and subsequently experienced a significant market correction.Market intelligence firm CryptoQuant highlighted the strong buying force exhibited by whales, indicating their belief that current prices are favorable for purchasing and accumulating Bitcoin, despite prevailing fear and market uncertainty.Analysts pointed to the rise in the 30-day…