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The first quarter of 2024 proved to be a strong period for crypto fundraising, with a total of $2.4 billion secured across 518 deals, marking a 40.3% increase from the previous quarter.
Analysts suggest Bitcoin’s current consolidation phase could be beneficial for the bull run.
Fidelity’s FBTC, the once-hot ETF, bore the brunt of the selling pressure, seeing its second-largest net outflow day ever with $106 million leaving the fund.
Privado ID is partnering with established institutions and collaborating with multinational banks and financial service companies to develop interoperable and compliant identity frameworks.
Even with positive inflation data, the Federal Open Market Committee (FOMC) decided to keep the federal funds rate target range at 5.25% to 5.50% during their June meeting.
The upcoming FOMC meeting and the release of actual CPI data could significantly impact investor confidence and influence the net flow trend for Bitcoin ETFs.
Gas-free transactions remove a major hurdle for new DeFi users and simplify the trading process.
While prices might drop to $60,000, some analysts are optimistic. They believe large traders’ “spot absorption” and swift sell order removals at $72,000 indicate strategic market manipulation by whales, preventing further decline.
The launch of the fund is a testament to Ripple’s strong belief in the potential of Japan and Korea as pivotal regional hubs for blockchain innovation.
There are also rumors that Apple might team up with OpenAI or Google to incorporate their AI technologies to enhance it’s AI capabilities and keep its products competitive.