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Follow Dat Money | Crypto Projections
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Happy Monday Folks! Over the weekend, we received news that Canada's largest pension fund has decided to stay away from Crypto as result of FTX fiasco; I hope they don't stay way from Bitcoin. The fear and greed index has risen to 53 and the best performing asset for the past 24 hours remains $ETH up .24% in position #2. Let's get on to the news...
Trending News Topics:
- Bitcoin going to $100K (3)
- KuCoin Twitter Hacked (3)
- Crypto is Dead (3)
CRYPTO
Former BlackRock Global Equities Head Running Crypto Fund. Crypto Investment Funds Have First Week of Outflows in 6 Weeks
Opinion: Crypto Is Dead in U.S., Claims Major VC Chamath Palihapitiya.(3)
BITCOIN
Bitcoin Starts Work Week in the Red, Sliding Towards $27K, Down 9% Over the Week; Bitcoin 'profit-taking' helps snap six-week run of digital asset inflows: CoinShares. However, Bitcoin gears for a ‘strong bull run’ as smart money accumulation ends. Bitcoin’s next all-time high identified as BTC follows pre-halving pattern like ‘clockwork.’ Bitcoin is up 54% since Peter Schiff told investors to sell in January. MicroStrategy Co-Founder Michael Saylor Advocates for Bitcoin Amid Argentina’s 100%+ Inflation Crisis.(2) WEF Showcases Flared Methane Energy, Bitcoin Miners Already on the Trend.(2) Venezuelan BTC Miners Forced to Halt Operations Amid Anti-Corruption Investigation.
Opinion: Declining Bitcoin-Ether Correlation Could Impact Crypto Investors’ Hedging Strategies: Coinbase. The Top 7 Most Influential Factors on Bitcoin Price. 'Winter is over' and bitcoin may hit $100,000 next year, says Standard Chartered.(2) Bitcoin price tags new April low as traders weigh odds of $25K next.
Question: Can These 3 Factors Trigger Bitcoin (BTC) Rebound to $30,000?
Predictions: Bitcoin Halving Set for 2024 Draws Flurry of Crypto Analyst Predictions. Bitcoin Price May Hit $100K by Year End, Standard Chartered Bank Says.(3)
Think About It: A Seized Bitcoin Stack Could Be Bulgaria's Golden Ticket
Lesson: What Is Proof-of-work (PoW)? All You Need to Know
ETHEREUM
Ethereum (ETH) Price at Crossroads: $2K or $1.5K Next? Ethereum price lower highs vs. Bitcoin hint at more downside in April. If Ether’s Status Is Unclear After This Article, It’s Clearly A You Problem. Ethereum up 20% in April while Markets Pro sees 379% gain in one day. Ether price struggles to maintain support as regulatory challenges and network issues weigh. Institutional Investors Shift to Ethereum (ETH) Following Successful Shapella Upgrade: CoinShares.
STABLECOINS & CBDCs
China’s Changshu city makes bold move to pay state workers in CBDC.(2)
ALTCOINS
XRP Price Gains Momentum, Sparks Optimism Ahead of Key Ruling. XRP Faces Moving Averages Convergence. Ripple (XRP) Shows Early Signs of Price Recovery as Bulls Defend $0.45. Wrapped Bitcoin Token Goes Live on Cardano Testnet. Binance Pay Boosts Real-World Usage for $ADA and $DOGE at 400+ ivendPay Merchants.
Questions: Cardano (ADA) Price Trend at Risk: What’s Next? Dogecoin (DOGE) Price Nearing Range Low: What’s Next?
EXCHANGES
Gemini Expands Beyond US Borders Amid Regulatory Uncertainty With Upcoming Launch of New Crypto Exchange. Coinbase Institutional Explores the Falling Correlation of Bitcoin (BTC) and Ether (ETH). Bybit moves to impose mandatory KYC rules for all services.(2)
LEGISLATION/REGULATION/TAXATION
Lawmakers Could Still Nix Digital Euro, ECB’s Panetta Says. Republicans move to take regulatory power over stablecoins from Gensler, SEC.
Opinion: Coinbase’s Brian Armstrong Says Congress Needs To Step In Now That SEC Has Caused Untold Harm to US Investors. French Regulator Floats 'Fast-Track' Registration for Incumbents After MiCA's Passage. The IRS Expands International Efforts to Tackle Crypto Crimes.
LEGAL CASES
Opinion: FTX reboot: ‘I don't see how it's possible,' says a skeptical Scaramucci. Celsius auction has Gemini and Coinbase as new bidders. $190,000,000,000 Teachers Fund Writes Off Massive Crypto Investment Loss After Collapse of FTX. SEC wins $2.8M in suit over alleged crypto token price manipulation. Terra's Do Kwon Wants SEC Charges Dismissed, Court Filings Show.(3) US Treasury Department Targets Crypto Criminals Linked to North Korea.
Opinion: Scaramucci Skeptical About FTX Restart: ‘I Don’t See How It’s Possible’
ATTACKS/HACKS/SCAMS
KuCoin Twitter Account Briefly Compromised, Attacker Walks Away $22,000 Richer.(3) Bitcoin Ordinals extension UniSat Wallet hit by 'large number' of double-spend attacks. Elderly Couple Falls Victim to a Bitcoin Scam That Costs Them $100,000. Ordinals Finance has conducted a $1M rug pull: CertiK. Trust Wallet Issues Alert After Suffering Exploit, Says Reimbursement Plans Now in Order.
Follow up: KuCoin to reimburse victims of the short-lived Twitter account hack.
WATCH
LISTEN
Podcast of the Day: Bob Burnett: Satoshi's Heel | The Bitcoin Matrix
