Pantera Capital’s Liquid Token Fund, which has total assets of about $300 million, reported a 66% return in the first quarter. This was primarily driven by investments in cryptocurrencies such as Solana and reducing stakes in Bitcoin and Ethereum-related assets. According to Bloomberg, altcoins such as RBN, Aevo, and STX also contributed to these impressive first quarter results. During the same period, Bitcoin rose 67%, reaching a high of $73,798 by mid-March, but has since declined slightly. By contrast, Solana’s value has nearly doubled. The prices of Bitcoin and Solana were recorded at $67,540 and $174, respectively, at last check…
Author: Crypto Flexs
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A widely followed trader is expressing bearish sentiment towards the months-old memecoin built on top of Solana (SOL). Trader known by the pseudonym Bluntz says 253,400 followers on social media platform X scheduled for correction by dogwifhat (WIF). According to an anonymous trader who applies Elliott Wave theory to technical analysis, WIF appears to have completed its five-wave rally and is now ready to enter the ABC correction wave. According to Elliott Wave theory, bullish assets tend to witness ABC corrections after completing a five-wave upward movement. Blunts says: “I think macro 5 (wave) from scratch in WIF could be…
join us telegram A channel to stay up to date on breaking news coverage Amp price prediction shows AMP holding its position as bulls maintain their appetite to move higher. What can we expect from the upcoming AMP pricing analysis? The most recent daily analysis of AMP price suggests a strengthened upward trend. The bulls quickly made a comeback, propelling the AMP/USD value to an intraday high of $0.011. Amplifier prediction statistical data: Current amp price – $0.009 Amp Market Cap – $386.3 million Amplifier circulation supply – 42.2 billion Total supply of amplifiers – 99.4 billion units Amp Coinmarketcap…
Bitcoin BTC +0.93% According to The Block’s, the next halving event is now just two weeks away, or about 2,000 blocks away. Bitcoin halving countdown page. The estimated countdown is based on Bitcoin’s average block creation time of 10 minutes, and as things stand, it puts the potential date at 1:00 PM ET on April 20th. Bitcoin’s next halving event will see rewards for miners on the network decrease from 6.25 BTC to 3.125 BTC per block. Bitcoin halving is programmed to occur automatically every 210,000 blocks, or approximately every four years. When a halving event occurs, miners receive 50%…
Blockchain investigator ZachXBT highlighted the tension between privacy and law enforcement, claiming that IRS-CI harassed him into helping solve blockchain crimes. The world of blockchain investigations took an unexpected turn recently when renowned pseudonymous investigator ZachXBT reported on borderline harassment by the Internal Revenue Service-Criminal Investigation (IRS-CI). ZachXBT, known for his meticulous work tracking down scammers and fraudsters in the cryptocurrency space, claimed that IRS-CI overstepped his personal boundaries to claim his expertise. ZachXBT shared on social media an image of an email sent by an IRS-CI special agent. The message praised his “impressive work” in the industry and asked…
join us telegram A channel to stay up to date on breaking news coverage The upcoming Bitcoin halving has raised expectations of a potential cryptocurrency bull market, motivating investors to actively seek out promising altcoins like JasmyCoin. JasmyCoin (JASMY) pioneers the digital currency concept focused on Internet of Things (IoT) solutions. This innovative platform combines IoT technology and blockchain to create a secure space where users have full control over their data. JASMY aims to transform the way people utilize their personal information by emphasizing data autonomy and empowering users. Reimagine the data exchange environment, prioritizing facilitating secure and direct…
Jupiter recorded the most daily users in the first quarter. Demand decreases due to SOL price decline Solana-based decentralized exchange (DEX) Jupiter (JUP) ended the first quarter as the DeFi protocol with the highest number of daily unique active wallets over a 90-day period. According to DappRadar’s latest report, this is: The newly released “State of the Dapp Industry, Q1 2024” report shows that the number of daily unique active wallets on DEXs totals 179,000. This was due to the memecoin craze, which saw the value of some Solana-based assets such as dogwifhat (WIF) and Book of Meme (BOME) surge…
Shiba Inu ecosystem It recently marked another notable milestone with its listing on a leading cryptocurrency and digital asset platform. This latest development occurred at a time when: Interest and demand for SHIB It is growing rapidly and its future prospects are also improving. Increased adoption In cryptocurrency. Shiba Inu is listed on Nexo Nexo, a cryptocurrency-based financial services company, officially announced on March 5th. presentation SHIB, the native token of Shiba Inu, will be listed on the platform. The cryptocurrency company revealed this monumental development via X (formerly Twitter), informing investors and traders within the cryptocurrency community that SHIB…
Markets • April 6, 2024, 6:33 a.m. EDT Posted 1 minute ago In ~ A hawkish view on a possible interest rate cut by the U.S. Federal Reserve (Fed) has boosted gold among traditional investors. This, in Coinbase’s opinion, could further increase demand for Bitcoin.“In our view, the acceptance of Bitcoin as a form of ‘digital gold’ will drive demand from new downstream investors in this market system,” David Han, institutional research analyst at the cryptocurrency exchange, said in a report published yesterday. “It can be activated,” he said.“As a result, even if volatility persists in the price discovery process,…
erraform Labs and Do Kwon were found guilty of defrauding investors in a landmark case that highlights the need for regulatory compliance in the cryptocurrency market. A jury in the U.S. District Court for the Southern District of New York found Terraform Labs and its co-founder Dodo Kwon guilty of defrauding investors. The ruling was issued following a hearing that declared the company had engaged in the unlawful offering and sale of crypto-asset securities, circumventing the regulatory framework established by the Securities Act of 1933. The decision marks a significant development in the ongoing saga surrounding Terraform Labs, which has…