The post Mark Yusko’s Bullish Take On Crypto appeared first on Coinpedia Fintech News
The founder of Morgan Creek Capital Management, Mark Yusko, has stressed that everyone should have some digital assets in their portfolio as they add diversification benefits. Yusko is convinced that cryptocurrency volatility is going to decrease due to the introduction of BTC ETFs. Furthermore, he has predicted that the total value of assets under management …
The post US Banks Face $517 Billion in Unrealized Losses appeared first on Coinpedia Fintech News
The latest Quarterly Banking Profile from the FDIC revealed that the US banking system has experienced an increase in unrealized losses, reaching $517 billion. This rise is primarily driven by higher mortgage rates impacting residential mortgage-backed securities. This quarter marks the ninth consecutive increase in losses since the Federal Reserve began its rate hikes in …
The post Binance Not Liable for User’s $1M Loss, It Was Due To Compromised Device appeared first on Coinpedia Fintech News
Binance co-founder has addressed allegations over a security breach that led to a user losing $1 million in crypto. Yi He clarified that the user’s account was accessed via a compromised computer and the crypto hacker had sold the victim’s cryptocurrency after gaining access, which resulted in trading losses, and that Binance’s security systems were …
The post Solana Launches Record 455K Tokens In May appeared first on Coinpedia Fintech News
Solana has witnessed a remarkable creation of 455k tokens in May, surpassing other blockchains like Ethereum Layer 2 Base and BNB Chain. The surge was largely driven by meme coins, with Dogwifhat, Bonk, and Book of Meme drawing significant attention. Platforms like Pumpdotfun have simplified token creation on Solana enabling anyone to launch tokens in …
The post Ancient Ethereum Whale Moves $32 Million ETH To Kraken appeared first on Coinpedia Fintech News
An ancient ETH whale has transferred 8,518 ETH worth $32.51 million to the address of a Major US exchange, Kraken. During the ICO, the holder received 100,000 ETH when the price of the main altcoin was $0.311 and sold it after a year. He then stopped and resumed activity three months ago, transferring 29,519 ETH …
The post Thomas Fahrer Predicts BTC To Reach $3.5M By 2030 appeared first on Coinpedia Fintech News
The Apollo Co-founder Thomas Fahrer made a grand prediction that BTC would hit $3.5 million in value by 2030. Currently, BTC represents 0.1% of the world’s wealth, which he anticipates will soar by 5% by the decade’s end. However, he also admitted the possibility that Bitcoin’s market share might only reach 1% instead of the …
The post Crypto Trader Makes $160K After Trump’s Conviction appeared first on Coinpedia Fintech News
A crypto trader with his strategic and perfectly timed investment made $160K by just spending $26.9K. He invested 85 SOL to buy the newly launched FREE TRUMP tokens which turned into 814 SOL worth $140K. In just five hours the trader made $125K on the investment. Then he used 72 SOL tokens worth $12.3K to …
The post NFT Sales Volume Collapse By 54% In May 2024 appeared first on Coinpedia Fintech News
The NFT sales in May 2024 experienced a sudden decline of 54% as the global NFT market raised a trading sales volume of $625 million. According to Cryptoslam’s dashboard, the Bitcoin network is the biggest loser, with sales dropping by more than 71% over the last 30 days. Over the same period, Ethereum’s native NFT …
The post Goldman Sachs Underscores Bitcoin ETF’s Astonishing Success appeared first on Coinpedia Fintech News
Goldman Sachs has called the Spot Bitcoin ETF approval ‘a big psychological turning point’ and proved to be an astonishing success. The US SEC approval surprised many, which represented a tremendous shift in the overall perception of digital assets, which garnered massive institutional investment interest. The asset rallied more than 60% since the approval took …
The post Singapore’s Largest Bank “DBS” Is Reportedly An Ether Whale With Holdings Of $650 Million In ETH! appeared first on Coinpedia Fintech News
The Development Bank of Singapore Limited (DBS), the largest bank in Singapore has turned out to be an Ethereum (ETH) whale with a holding of 173,753 ETH tokens valued at approximately $650 Million according to Nansen. The address has already recorded a profit of $200 Million from their holdings. CoinDesk reached out to the bank …
The post Shiba Inu Team Reveals New Update for Shiba Eternity appeared first on Coinpedia Fintech News
The Shiba Inu team has released a new update for Shiba Ethernity. The team has released v1.2.8, dubbed “Balancing Act”, which brings a plethora of enhancements to Shiboshis, especially balancing its powers. “See you in the Dogjo!” said the Shiba Eternity advisor, Mazrael, to invite players to explore the latest changes in Shiba Eternity. The …
The post PayPal’s PYUSD Stablecoin on Solana to Feature Confidential Transfers appeared first on Coinpedia Fintech News
PayPal has deployed its PYUSD stablecoin on Solana, which was previously available only on Ethereum. The new feature, “confidential transfers,” was announced on May 29, aiming to allow merchants to keep their transaction amounts confidential for consumers while still being visible for regulatory purposes. This functionality strengthens Solana’s existing capabilities by improving speed and token …
The post Spot Ethereum ETFs to Boost Long-Term Growth, Says Kaiko appeared first on Coinpedia Fintech News
Kaiko Research reported on May 27 that spot Ethereum ETF approvals will improve the long-term growth of Ethereum despite its short-term headwinds. Additionally, the approval will reduce regulatory uncertainty and treat ETH more as a commodity than a security. Kaiko’s Will Kai highlighted the positive regulatory implications for similar tokens. However, there may be significant …
The post K9 Finance Secures LBank Listing, Boosts KNNE appeared first on Coinpedia Fintech News
Shiba Inu’s official X account praised K9 Finance for securing a listing on a major crypto exchange, LBank. This significant milestone, announced on May 28, 2024, boosted KNNE and the Shibarium ecosystem. Trading activities for KNINE/USDT are set to begin soon in LBank’s Innovation Zone. As the official liquid staking solution for SHIB, K9 Finance …
The post Gala Games and Binance Recover Stolen GALA appeared first on Coinpedia Fintech News
Gala Games expressed gratitude to Binance for its close collaboration with its team and law enforcement in identifying the suspects behind the recent hack on May 21. During this incident, the hackers issued an additional 5 billion GALA tokens. The hackers returned the stolen assets and revealed their identities thanks to the prompt cooperation. Consequently, …
The post Bithumb Announces The Launch Of Korean Won Trading Pair With Two Altcoins! appeared first on Coinpedia Fintech News
Bithumb, the second-largest cryptocurrency exchange in South Korea followed by Upbit has recently announced its new listings. The exchange plans to list the Korean Won trading pair with Arweave (AR) And Ethereum Name Services (ENS). Both the pairs will be opened on 28th May with the Arweave deposits opening at 15:00 UTC+8, whereas ENS will …
The post Delaware Court Revives BitGo’s $100M Lawsuit Against Galaxy Digital appeared first on Coinpedia Fintech News
Delaware’s Supreme Court reversed the dismissal by a lower court of BitGo’s $100 million lawsuit against Galaxy Digital over a failed $1.2 billion merger. The May 22 ruling found the language of the merger agreement to be “ambiguous,” allowing BitGo to pursue the case. BitGo alleges that Galaxy intentionally breached the acquisition agreement by terminating …
The post Bitcoin to Outperform Nvidia, Say Analysts appeared first on Coinpedia Fintech News
According to crypto executives, Nvidia’s (NVDA) last decade of outperforming Bitcoin (BTC) will not be repeated. Swan Bitcoin CEO Cory Klippsten and strategist Lyn Alden are inclined towards Bitcoin for the upcoming ten years. Nvidia returned 21,558% from May 2014 to May 2024, whereas Bitcoin did 13,048%. Additionally, Bitcoin outspaced Nvidia, profiting 31.7% vs. 30.2% …
The post RBI’s Bulletin Warns Retail Investors Of Crypto’s Lack Of Stability appeared first on Coinpedia Fintech News
The RBI’s monthly bulletin for May 2024 covers the significant impact and inherent risks of Defi and cryptocurrencies within the financial system. It has warned the retail investors of the crypto ecosystem’s lack of accountability and stability. The Indian central bank has also cautioned that some cryptocurrency systems may also be prone to crisis without …
The post Ethereum ETF Approval Causes $350 Million in Liquidations appeared first on Coinpedia Fintech News
Crypto prices experienced wild swings on Thursday as traders awaited the U.S. regulatory decision to list spot-based Ether ETFs. Ethereum (ETH) declined to $3,500 before surging to around $3,900, and finally stabilizing above $3,800 following the confirmation of the approval. Similarly, Bitcoin (BTC) dropped to the low $66,000s before peaking at $68,300, later stabilizing below …
The post Shytoshi Kusama Hints at Potential SHIB ETF appeared first on Coinpedia Fintech News
Shytoshi Kusama, the lead developer of Shiba Inu, hinted at a possible SHIB ETF following the SEC’s approval of eight spot Ethereum ETFs on May 23. Kusama also congratulated Ethereum on achieving this milestone via the X platform and suggested that a SHIB ETF could be next in line. Additionally, he teased major future updates …
The post Toncoin Price Surges Over Telegram’s New Digital Currency Announcement appeared first on Coinpedia Fintech News
Telegram has introduced a new digital currency tailored for seamless purchases within bots and gadgets, designed to revolutionize transactions in the ecosystem. Subsequently, Toncoin witnessed a surge of 2.66% price increase in a day, reflecting market sentiments over the developments. Investors and enthusiasts closely monitor Toncoin’s performance, recognizing its potential implications for Telegram in the …
The post Coinbase Adds New Cryptos To Perpetual Markets appeared first on Coinpedia Fintech News
In an exciting announcement, Coinbase has added three new cryptos to its perpetual markets, providing diverse trading opportunities to its global user base. Trading is now fully open for ONDO-PERP, PYTH-PERP, and ZETA-PERP on the perpetual markets as of May 23. The trading pairs will initially enter post-only mode on Coinbase International Exchange and Coinbase …
The post DOGE Whale Active After Over 10 Years appeared first on Coinpedia Fintech News
An ancient DOGE whale is back in the crypto market after more than a decade, garnering a lot of attention from the crypto community. The Whale owns an impressive 893,303 DOGE valued at $145,101 and has made a transaction for the first time since May 2014. The account was activated by a transfer of 23,338 …
The post Post-Halving Slump: Miners Turn to Risky BRC-20 Projects Amid Revenue Drop appeared first on Coinpedia Fintech News
After the halving, miner revenue fell from $74.9M to $36.6M per day. Before the halving, average monthly miner revenue from fees was below 5%, but now it’s over 10%, a high level (blue bars). In past cycles, these high fee periods lasted 384 and 423 days, respectively, with the current value at 189 days. To …
The post Major Bet: James Fickel’s $53.3M Ethereum Purchase Ahead of SEC Ruling appeared first on Coinpedia Fintech News
James Fickel just spent 10.1M $USDC to buy 2,642 $ETH ($24.4M) at ~$3,820, anticipating the SEC’s final ruling on the Vaneck Ethereum ETF today. Over the past three days, the Amaranth Foundation founder has acquired 14,494 $ETH using 390 $WBTC and 26.1M $USDC, totaling $53.3M at an average price of $3,675. This significant investment suggests …
The post Lista Launches on Binance Megadrop appeared first on Coinpedia Fintech News
Binance Megadrop will list Lista (LISTA), a protocol for staking and decentralized stablecoins. This new token launch platform aims to integrate Binance Simple Earn and the Binance Web3 Wallet, revolutionizing users’ airdrop experiences. Additionally, combining these features offers a seamless and efficient way for users to participate in token launches, enhancing their overall engagement and …
The post Vitalik Buterin Moves 80 ETH To Railgun Platform appeared first on Coinpedia Fintech News
Ethereum Co-founder Vitalik Buterin has made a significant move today as he moved 80 ETH valued at $300,000, to coin mixer Railgun, marking the latest in a series of monthly transfers Buterin has made to Railgun over the past 6 months. Railgun’s platform, known for privacy-focused coin mixing services, has attracted users who seek enhanced …
The post Ethereum ETF Hopes Boost Ether Call Options appeared first on Coinpedia Fintech News
Amid renewed hope in the market over the potential Ethereum ETF approval, ether call options are now more expensive than put options for all expiries, signifying a bullish outlook. Traders are willing to pay more for calls than puts, particularly for options expiring at the end of June and beyond. This indicates a bullish market …
The post Grayscale’s Ethereum ETF Approval Looms with Mini Trust Launch appeared first on Coinpedia Fintech News
Grayscale’s Bitcoin Trust witnessed immense outflows over the spot BTC ETF approval, however, a potential Ethereum ETF approval might not turn out to be similar. The chances of a likely approval of Ethereum ETF approval on May 23 is placed at 75% as per Bloomberg analysts. However, Grayscale has announced details about the Grayscale Ethereum …