A well-known crypto analyst predicts that Ethereum (ETH) may need to face some “pain” before making a recovery. In a recent YouTube video, Benjamin Cowen, addressing his 886,000 followers, suggests that a shift in monetary policy might be necessary for ETH’s chart against Bitcoin (BTC) to hit a bottom. “In order to alter monetary policy,…
Two altcoins based on Ethereum (ETH) are experiencing significant growth following their endorsement by a leading US-based cryptocurrency exchange. Coinbase has recently announced the addition of Maple Syrup (SYRUP), a decentralized finance (DeFi) platform, and Aethir (ATH), an AI-based token, to its range of digital assets. The announcement from Coinbase preceded a surge in the…
President Donald Trump’s controversial memecoin launch in January may have triggered the recent peak in Bitcoin (BTC) and the crypto market, as indicated by macro strategist Jim Bianco. Bianco, the head of Bianco Research, informed his 443,700 followers on the social media platform X that Bitcoin reached its all-time high of approximately $109,000 in January,…
Crypto analyst Michaël van de Poppe is discussing a potential scenario for Bitcoin (BTC) that he believes sets the stage for the next phase of the bull market. In a message to his large social media following, he notes that negative sentiment in the crypto space is high, indicating that the current market correction may…
In industries or markets driven by attention, such as the crypto market, it is crucial for new technologies to continuously incorporate elements that drive progress, or else they risk losing relevance. One common example in the crypto industry is the use of user incentives. Restaking serves as a prime example of the consequences of lacking…
The CEO of Tether, Paolo Ardoino, argues that USDT is crucial for maintaining the dominance of the US dollar in global finance. According to Ardoino, Tether has built an extensive physical and digital network over the past decade, reaching various regions and communities, which has contributed to the increasing adoption and trust in USDT and…
Venture capitalist Chris Burniske explains that the current decline in digital assets is a common occurrence within any bull market cycle. In a recent post on the social media platform X, Burniske, the former head of crypto at Cathie Wood’s ARK Invest and current partner at Placeholder, highlights previous corrections in the 2021 bull market…
Montana legislators rejected a proposal allowing the state to invest in Bitcoin as a reserve asset. The bill, which was supported by 40 Republicans and one Democrat but opposed by 41 Democrats and 18 Republicans, aimed to establish a state account for investing in precious metals and digital assets. These digital assets were defined broadly…
Bybit’s CEO has announced that the company has successfully closed the Ethereum gap following the theft of almost $1.5 billion in ETH and stETH from the exchange last week. Ben Zhou stated that Bybit has restored a 1:1 backing on all client assets post the unprecedented hack. Zhou’s statements are supported by a proof-of-reserves audit…
A veteran trader and analyst is cautioning that altcoins may face a challenging future as the US stock market shows concerning signals. The trader, known as The Flow Horse, shared with his 9,120 Telegram followers that, aside from Bitcoin (BTC), other crypto assets could be entering a “start of a bleak bear market.” The trader…
