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Is Elon Musk going to take the role of Trump's crypto counselor? Elon Musk's recent post on X platform acts as an official response to Bloomberg’s reports, which has received tremendous concerns worldwide.
Bitcoin has been trading in a narrow range, which might cause the market to be divided on its future trajectory. Some experts see this as market jadedness, while others believe in Bitcoin's bullish potential. However, Timothy Peterson warns that Bitcoin could be on the decline, according to the Bitcoin Price to Metcalfe Value index. As Bitcoin navigates this “depression zone,” traders and investors will want to remain vigilant for signs of a breakout or crash. The next few weeks will be crucial for the cryptocurrency market as a whole.
Notcoin (NOT) is currently leading the pack as the top performer among the top 100 cryptocurrencies, despite the overall bearish sentiment in the crypto market. The rise of NOT has sparked interest and speculation within the financial community.
PayPal has acknowledged its expansion on Solana blockchain concerning stablecoin PayPal USD (PYUSD), marking the company's first move to grow beyond the Ethereum ecosystem.
President Joe Biden's re-election campaign has begun reaching out to key figures in the cryptocurrency industry, including people Biden has refused to discuss. This change in tone could signify a growing recognition of the potential benefits and importance of the crypto sector.
The suggestion is made for the purpose of further decentralizing the community, enhancing trust and transparency, and lowering the possibility of administrator abuse or central control.
In an exciting development for the crypto industry, BlackRock's iShares Bitcoin Trust (IBIT) has surpassed Grayscale's Bitcoin Trust (GBTC) to become the world's largest spot Bitcoin ETF, amassing $20 billion worth of Bitcoin in just over 100 days.
Mastercard's new "Crypto Credential" replaces confusing crypto addresses with usernames, making sending and receiving crypto easier and safer for everyday users. This launch marks Mastercard's growing involvement in the cryptocurrency space.
BlackRock's updated filing with the SEC has analysts optimistic about a US-based Ethereum ETF launch by late June. This could increase Ethereum's accessibility but questions remain about the impact on existing investment vehicles and the final SEC approval timeline.
Crypto solutions company Ripple recently announced a $25 million contribution to Fairshake, the super political action committee (PAC) supporting pro-crypto candidates in the 2024 elections. This follows a similar investment in 2023, bringing Ripple's total contribution to $50 million and making it Fairshake's largest donor.
Bitcoin traders remain optimistic as they continue to bet on prices reaching $80,000 and $90,000 despite many failed attempts to go over $71,000. A total of $6.5 billion in Bitcoin options will expire on May 31, reflecting the optimistic bulls' attitude, though rallies recently reached their end due to external factors such as the U.S. approval of the spot Ethereum ETF and broader economic trends. The outcome now depends on how well Bitcoin can sustain above crucial thresholds with bets on confidence in government bonds, monetary policies, and market sentiments.
The former US President was reported meeting with CEO of the highly acclaimed Bitcoin Magazine David Bailey to inquire about using Bitcoin to address the US’ colossal $35 trillion federal debt.
GME and KITTY have experienced a significant surge, mirroring the rise of GameStop shares. This unexpected turn of events has generated excitement within the memecoin sector.
Chainlink (LINK) has surged 29% this month, putting it on track for new yearly highs. Analysts are closely watching LINK, believing its strong performance could signal a bullish trend for other altcoins.
Following new U.S. regulations on crypto exchange-traded funds (ETFs), the first batch of Bitcoin and Ethereum ETPs debuted on the London Stock Exchange after getting the greenlight from UK’s Financial Conduct Authority (FCA).
Big investors like BlackRock are buying Bitcoin ETFs and getting approval for Ether ones. This move legitimizes crypto as an investment and shows traditional finance is embracing it.
