Crypto market analysis and predictive insights
Crypto products have recorded a major inflow of up to $2.2 billion, according to a report by CoinShares, a digital asset manager. This significant increase is attributed to the recent U.S. election, which has brought a positive rally for the cryptocurrency industry. The inflow has increased by 15% from the previous week, with Bitcoin (BTC)…
According to a recent report by Bernstein Research, Bitcoin, the world's oldest and largest cryptocurrency, is projected to reach $200,000 by the end of 2025. This prediction is a significant increase from the previous price target of $150,000 set last year. But what factors are driving this bullish projection? Several key factors are expected to…
A California judge has rejected Kraken’s motion for interlocutory appeal, delaying the resolution of the U.S. Securities and Exchange Commission’s (SEC) ongoing case against the crypto exchange. The ruling is a significant setback for Kraken, which had asked the judge to allow an appeals court to review his earlier decision that the SEC had plausibly…
The decentralized AI project Morpheus has officially gone live on the mainnet, marking a significant milestone in the development of artificial intelligence. According to the team behind Morpheus, the project aims to curtail the negative side effects of AI, such as centralization, censorship, and data monopolies. Morpheus is built using the codebase for Lumerin, a…
MicroStrategy, the business intelligence company led by Michael Saylor, has made a significant move in the crypto space by raising $1.75 billion through a private offering of convertible senior notes. This move is aimed at acquiring more Bitcoin and further solidifying the company’s position as a major player in the cryptocurrency market. According to the…
According to a recent article by Helene Braun on CoinDesk, options trading on spot bitcoin ETFs could become available as soon as Tuesday. This development is expected to bring further institutional interest to the bitcoin ETFs. In this analysis, we will explore what this means for the market and provide some predictions. The U.S. SEC…
The US government already holds over 208,000 bitcoin, but retaining it is more complicated than might be assumed. The question on everyone’s mind is: can a strategic bitcoin reserve move forward without congressional approval? Experts disagree on the matter. The US government’s current stockpile of bitcoin was acquired through confiscations related to criminal activities. Historically,…
Goldman Sachs, a Wall Street giant, is reportedly planning to launch a standalone crypto platform, marking a significant milestone in the adoption of digital assets by mainstream financial institutions. According to Bloomberg, the bank has engaged with several market players to expand its blockchain infrastructure products to a broader clientele. The news comes as the…
SBI Digital Markets, UBS Asset Management, and Chainlink have made a significant breakthrough in the world of tokenized funds, completing a pilot program that showcases the use of smart contracts to manage these funds. This development has far-reaching implications for the asset management industry, which currently manages over $132 trillion in assets. The solution, which…
The cryptocurrency space is witnessing an exciting development as the co-founders of decentralized finance (DeFi) juggernaut Lido are preparing to launch a competitor to Sam Altman’s World Network. The new project, called Y, aims to provide a blockchain-based identity platform that skips World’s controversial eyeball-scanning technology. According to an internal planning document obtained by CoinDesk,…