Browsing: Market News

Pantera Capital Founder predicts a crypto market rally after the crypto winter, while BlackRock’s application for a Bitcoin ETF fuels positive sentiments. Dan Morehead, the visionary behind Pantera Capital, has made a compelling prediction about the imminent rise of the cryptocurrency market. As the founder and Managing Partner of Pantera Capital, he expresses a positive outlook for the future performance of the broader digital currency ecosystem. Through his official Twitter account, Dan reflects on the events that triggered the crypto winter, specifically the downfall of Terra (LUNA), and highlights the imminent turnaround that lies ahead. Reflecting On The Genesis Of…

BlackRock disrupts the status quo, confronting the SEC with a groundbreaking application for a Bitcoin Spot ETF. BlackRock, the world’s largest asset manager, has made a groundbreaking move by filing an application for a spot Bitcoin exchange-traded fund (ETF) with the United States Securities and Exchange Commission (SEC). The highly anticipated filing came on Thursday, following earlier reports suggesting that BlackRock’s entry into the Bitcoin ETF space was imminent. With a staggering $9.5 trillion in assets under management during the first quarter of 2023, BlackRock is partnering with Coinbase, the largest cryptocurrency exchange in the United States, for this venture.…

MicroStrategy’s Michael Saylor predicts Bitcoin’s rise amidst regulatory hurdles, foreseeing exponential growth for the cryptocurrency. In a rapidly evolving crypto industry grappling with regulatory crackdowns, MicroStrategy founder Michael Saylor has emerged as a prominent voice, envisioning a future where Bitcoin takes center stage while other cryptocurrencies face mounting regulatory hurdles. Saylor, known for his unwavering faith in Bitcoin, predicts a transformative period ahead, where regulatory clarity will serve as the catalyst for widespread BTC adoption. In a recent interview with Bloomberg, he emphasized that regulatory actions, including lawsuits and declarations by the SEC, are laying the foundation for the next…

Chicago-based cryptocurrency trading firm Cumberland recently initiated a massive transfer of Polygon’s native cryptocurrency, MATIC, to two leading exchanges, namely Binance and Coinbase. This move by Cumberland involved a staggering $9.8 million worth of MATIC tokens, as confirmed on June 10. Data from the web3 analysis platform, Lookonchain, reveals that Cumberland executed this transfer over seven hours, with 9 million MATIC tokens, valued at $6.3 million, being shifted to Binance, and an additional 5 million tokens, estimated at $3.5 million, transferred to Coinbase. To accomplish this, Cumberland divided the funds into six smaller transactions, ranging between 1.5 million and 2…

Singapore-based cryptocurrency exchange, Crypto.com, has announced the suspension of its institutional exchange services in the United States, citing lackluster demand from institutional customers and a challenging regulatory landscape. The decision is set to take effect on June 21, 2023. In a statement released on Friday, June 9, Crypto.com revealed its plans to halt its institutional exchange services in the United States. The decision comes as a result of diminished demand from institutional clients, who are typically large, accredited entities with significant investment capacities. Crypto Exchange Face Regulatory Pressure, Declining Institutional Demand The prevailing market scenario, characterized by stringent regulatory scrutiny…