Some prominent financial commentators and investment analysts are predicting a long-term Bitcoin rally that may send the asset’s price above $1 million before the end of the decade, driven by rising inflation and mounting global debt. ARK Invest CEO Cathie Wood said Bitcoin (BTC) could reach $1.5 million by 2030 in her firm’s “Bull Case” forecast. In a Feb. 11 video, Wood said the price would require BTC to grow at a compound annual rate of 58% over the next […]
A crypto trader has pushed back against claims that altcoin season is already over, arguing that it hasn’t even started yet, as many tokens are still near their local price bottoms. “I don’t understand why people start claiming that a bear market is around the corner,” MN Trading Capital founder Michaël van de Poppe said in a May 28 X post. Calls for altcoin season mount “They are literally on the bottom,” van de Poppe added before stating that the […]
Nasdaq has filed for crypto asset manager 21Shares to list a spot Sui exchange-traded fund (ETF) in the US, initiating the Securities and Exchange Commission’s review process. The stock market’s May 23 19b-4 filing, which asks the SEC to list the 21Shares SUI ETF, follows 21Shares’ April 30 submission of its S-1 registration statement to the SEC, which asked the regulator to approve trading of the proposed fund. Both regulatory filings are needed for the Sui (SUI) tracking fund to […]
Key takeaways: SharpLink Gaming establishes the first ETH treasury, backed by Ethereum co-founder Joe Lubin. SharpLink will invest $425 million to acquire 120,000 ETH. Ethereum futures open interest hits an all-time high of $36.1 billion, with ETH price climbing 4.5% on the daily chart. Nasdaq-listed SharpLink Gaming (SBET) announced a $425 million private investment in public equity (PIPE), acquiring approximately 69.1 million shares at $6.15 each to establish the first Nasdaq-listed Ethereum treasury company. Spearheaded by Ethereum co-founder Joe Lubin, […]
Key points: XRP derivatives markets turn bearish amid reducing institutional demand, suggesting further downside for XRP price. XRP’s descending triangle breakout could lead to a decline toward $1.96. XRP (XRP) has rebounded by more than 45% since April 7 lows to trade at $2.31 on May 27. But the price remains 31% below its January 2025 peak of $3.40, raising concerns about XRP’s ability to rise higher. Will XRP’s price drop from the current levels in the coming days? XRP […]
Between Oct. 25, 2024, and Jan. 16, 2025, XRP (XRP) had one of the best rallies of the current bull market, gaining 600% as investors piled in with the hope that a pro-crypto presidency would benefit Ripple and its cryptocurrency. During this time, the quarterly average of daily active addresses jumped by 490% and XRP price hit a 7-year high. XRP’s 1-day chart. Source: Cointelegraph/TradingView Fast forward to the present, and data shows that the speculative interest surrounding XRP is […]
EigenLayer plans to start “slashing” restakers on April 17, resulting in the Ethereum restaking protocol’s “first feature-complete iteration,” it said in an April 2 announcement. Implementing slashing will mark EigenLayer’s final step toward establishing the protocol as “infrastructure for a new generation of verifiable apps and services built on the Verifiable Cloud,” it said in a post on the X platform. In 2024, EigenLayer started distributing rewards — including emissions of its native EIGEN token — to incentivize restakers. However, slashing […]
XRP (XRP) stabilized near its $2 support after today’s marketwide sell-off sent the altcoin and several other cryptocurrencies close to their swing lows. Data now shows the XRP/USD pair exhibiting early signs of a bullish breakout. Ripple’s RLUSD integration could boost XRP price Ripple’s integration of its RLUSD stablecoin into its cross-border payments system, Ripple Payments, could significantly boost XRP’s price by enhancing its utility and liquidity. On April 2, Ripple, the company behind XRP, announced that it had integrated […]
Solana’s native token, SOL, has dropped by nearly 12.75% in the last 24 hours to a three-week low of $112.50 on April 3. SOL/USD daily price chart. Source: TradingView Key drivers behind SOL’s sharp correction include: The latest round of tariffs from the Trump administration and their potential to erase trillions of dollars from the stock market. Negative SOL futures basis and funding rates. Multiple technical factors. Let’s examine these catalysts in detail. Trump tariffs rattle Solana and broader crypto […]
Despite a $30 billion surge in stablecoin supply to new record levels, cryptocurrency investors remained cautious as they awaited market stability amid US tariff fears. The total stablecoin supply rose by more than $30 billion in the first quarter of 2025, even as the overall crypto market capitalization fell 19%, according to a new report by crypto intelligence platform IntoTheBlock. “The correlation between crypto and stocks climbed as macro expectations quickly shifted from “golden era” optimism to tariff-led doom and […]