Author: Sollcrypto
The price of Bitcoin (BTC) has dipped to $28,562, but there’s a strong projection that it will surge beyond an impressive $150,000 by the conclusion of 2024. This optimistic forecast comes from investment research firm Fundstrat, which highlights that the approval of the current wave of United States-based spot-Bitcoin exchange-traded funds (ETFs) is a crucial factor. During an interview on CNBC’s Squawk Box on August 16th, Fundstrat’s Managing Partner and Head of Research, Tom Lee, shared his insights. He anticipates that the approval of a cluster of successful Bitcoin spot ETF applications will reshape the supply-demand equilibrium of Bitcoin, leading…
Recently Released Financial Statement Discloses Donald Trump’s Ethereum Wallet Holding $2.8M On August 14, the nonprofit watchdog organization Citizens for Responsibility and Ethics in Washington shared financial statements indicating that former U.S. President Donald Trump possesses more than $2.8 million within an Ethereum wallet. The statements reveal that Trump generated over $4.8 million through licensing fees tied to nonfungible token (NFT) collections utilizing his image. Consequently, Trump’s earnings from his cryptocurrency-related endeavors amount to approximately $7.6 million. It’s worth noting that the $2.8 million recorded in Trump’s Ethereum wallet significantly surpasses the figure of $250,000 to $500,000 previously disclosed in…
A recent analysis from research firm Delphi Digital highlights the consistent and foreseeable nature of price movements and patterns in the cryptocurrency market. The report thoroughly explores the correlation between the four-year Bitcoin cycle and larger economic trends. Delphi Digital’s experts suggest that the current consolidation around the $30,000 mark resembles the phase observed between 2015 and 2017. Key indicators are pointing towards a potential Bitcoin all-time high (ATH) occurring in the fourth quarter of 2024. Influence of Economic Cycles on Bitcoin’s Performance Delphi’s examination highlights the innate cyclical patterns present in the cryptocurrency market. These cycles are exemplified by…
Grayscale Investments, the company striving to transform its Bitcoin trust into a traditional Bitcoin exchange-traded fund (ETF), could potentially receive a resolution to its lawsuit against the federal securities regulator by the week’s end. Scott Johnsson, a general partner at Van Buren Capital, indicated in an August 11 tweet that August is typically a period when law clerks in the United States District Courts transition, leading judges to expedite their caseload “before the new guard arrives.” He pointed out that historically, 30 out of 32 cases presented in March of both 2021 and 2022 were adjudicated by the United States…
Highlighting their extensive experience, Brandon Gath, the managing partner of Kraken Ventures, mentioned in an email to Cointelegraph that the new fund would center on early stage founders. He emphasized that the fund’s support would extend throughout the entire entrepreneurial journey, from initial capital to eventual IPO. Kraken Ventures is launching its second fund, building upon its existing thesis and commitment to guiding founders. Their initial fund, announced on December 17, 2021, raised $65 million according to Crunchbase. The new fund’s target of $100 million represents a substantial increase, even amid a perceived slowdown in the blockchain and cryptocurrency-related venture…
On August 14th, the Bitcoin Frontier Fund, previously known as Stacks Ventures, introduced its inaugural accelerator program named the “First Bitcoin Ordinals Accelerator Program.” The Bitcoin Frontier Fund has initiated a pioneering accelerator program focused on Ordinals startups. The program’s website outlines the fund’s commitment to provide seed funding to startups pioneering advancements in the Ordinals domain, in addition to granting access to funding networks and mentorship opportunities. Eligible startups lacking substantial funding are required to allocate a 3% equity stake to gain access to the program’s financial support. Conversely, startups securing $600,000 or more in funding within the past…
Shytoshi Kusama, the leader of Shiba Inu, has given a glimpse of an imminent announcement tailored specifically for holders of the LEASH token. Earlier today, Kusama unveiled intentions to unveil something notable on Tuesday at 1 p.m. EST, with the following day seeing the introduction of a fresh utility for the Leash token. Often dubbed the “Doge Killer,” the Leash token is one of the trio of native tokens within the Shiba Inu ecosystem, joining BONE and SHIB. Stakeholders of LEASH, when engaged on ShibaSwap, stand to reap substantial rewards. According to CoinGecko, the current price of LEASH stands at…
Ex-FTX CEO Sam Bankman-Fried Faces Third Night Among 1,500 Inmates in Infamous New York Correctional Facility – A Drastic Departure from His Parents’ Lavish Stanford Residence. During a hearing on August 11, Judge Lewis Kaplan revoked the bail of the FTX co-founder. In describing the Brooklyn Metropolitan Detention Center (MDC), Bankman-Fried now finds himself in a jail that falls far short of any “five-star facility” designation. Situated in New York, the MDC stands as a federal administrative detention center. Designed to cater to individuals under federal custody, it is an all-gender facility. Despite its intended capacity for 1,000 inmates, the…
In a recent podcast interview, Michael Saylor of MicroStrategy shared his perspective that the acquisition and retention of Bitcoin (BTC) by major corporations, resulting in over $29,384 in holdings, shouldn’t elicit apprehension. During his conversation with Natalie Brunell on the Coin Stories podcast, which was released on August 7th, Saylor underscored the inevitable rise of involvement from external entities and corporate players within the Bitcoin realm. Nonetheless, he proposed that while enthusiasts of Bitcoin might aspire to possess complete autonomy or sovereignty over their holdings, this might not be the sole solution, given the diverse range of applications that people…
Billy Markus, who alongside Jackson Palmer founded DOGE as a lighthearted endeavor and side project back in 2013, has expressed his perspective on how Bitcoin enthusiasts advocate for BTC on crypto Twitter. He referred to them as “the absolute worst at marketing.” Markus provided his input on a video by BTC maximalist Robert Breedlove featuring an interview with Jason Lowery. In the interview, Lowery praised Bitcoin, characterizing it as “not merely a coin but the future of warfare,” “the future of security,” and “the future of individuals safeguarding their data.” He also casually made critical remarks about Elon Musk and…