Matt Hougan, Bitwise’s Chief Investment Officer, has forecast a significant price surge for Bitcoin and Ethereum in 2025. During a YouTube interview, he outlined the reasons behind this bold prediction. 3 Reasons Why Bitcoin Could Reach $200,000 by 2025 Hougan shared three key factors for his bullish outlook. These stem from the US elections, large amounts of sidelined capital, and…
PYUSD, PayPal’s dollar-backed stablecoin, dropped 40% in market cap since its high in August. Data suggests that this high only occurred due to high-yield financial incentives from Kamino Finance and others. As these incentives tapered off, PYUSD’s summer growth evaporated almost completely. The Rise and Fall of PYUSD PayPal’s dollar-linked stablecoin PYUSD is undergoing a drastic decline in market cap.…
Federal Prosecutors recommended a five-year sentence for 2016 Bitfinex hacker Ilya Lichtenstein. The severity of his crimes would warrant longer prison time, but his extensive cooperation earned him a reprieve. Lichtenstein’s wife and partner in crime, Heather “Razzlekhan” Morgan, received only an 18-month sentence from prosecutors. Bitfinex Hackers Go Down Federal prosecutors filed a sentencing memorandum for Bitfinex hackers Ilya…
Binance Labs announced an undisclosed investment in Lombard, a security-focused liquid staking token (LST) platform for Bitcoin. Lombard hopes to expand its staking protocol to multiple blockchains. Lombard’s LBTC staking token is new but has already attracted major investments and partnerships. Lombard’s DeFi Strategy Binance Labs has invested in Lombard, distributor of LBTC, a security-focused liquid staking token (LST) for…
Dogecoin (DOGE) price is on the rise, surging almost 10% in a single day. Average transaction sizes have also increased, suggesting that larger market participants are becoming more active. This renewed interest could be an early sign of bullish momentum forming. While technical indicators are showing a positive outlook, the strength of the trend remains uncertain. If momentum holds, DOGE…
FractureLabs, a game developer, has filed a lawsuit against Jump Trading, accusing the firm of manipulating the price of the DIO token in late 2021. Jump Trading, a US-based financial trading company specializing in algorithmic trading, is well-known for its investments in the crypto market. Jump Trading Allegedly Breached its Market-Making Contract. According to a Bloomberg report, FractureLabs planned to…
Blockchain lender Radiant Capital suffered a major multi-chain hack, losing over $50 million. Hackers reportedly gained control over three of Radiant’s private keys and drained these assets through an exploit. Further details on the hack have yet to materialize, but this is Radiant’s second major hack of the year. Radiant’s Second Hack of 2024 Blockchain lending protocol Radiant Capital lost…
Ripple (XRP) price has been relatively stable with no clear trend direction emerging. The RSI indicator shows a neutral sentiment, suggesting a balance between buying and selling activity. Meanwhile, the Chaikin Money Flow has turned positive, pointing to some accumulation, but the buying pressure remains modest. The EMA lines are still in a bearish alignment, though a bullish crossover may…
The value of Ethereum (ETH) sent into exchanges has surpassed $1 billion just two days after the altcoin’s price climbed to $2,600. This sudden influx of ETH onto exchanges often signals a potential shift in market sentiment, as traders may be preparing to cash out on recent gains. With Ethereum’s price swinging sideways, the question now is whether this inflow…