Wall Street Veteran Tears Into Spot Bitcoin ETFs, Calls Them A “Giant Mistake”
According to Jim Bianco, president of Bianco Research and Bloomberg columnist, the newly launched exchange-traded funds (ETFs) that invest directly in Bitcoin (BTC) are a giant mistake.
The Wall Street veteran highlighted the pitfalls of the shiny new products, stressing the potential effects spot market Bitcoin ETFs could have on the progress of the largest and oldest cryptocurrency.
Why BTC ETFs Could Be Bad For CryptoThe U.S. Securities and Exchange Commission’s decision to approve spot Bitcoin exchange-traded funds brought in a new wave of investors who had previously kept crypto assets at arm’s length. However, despite the roaring success of these ETFs, president and macro strategist at Bianco Research, Jim Bianco, believes launching these new offerings was a “giant mistake”.
During a recent talk with Bitcoin podcaster Natalie Brunell, Bianco admitted that the newly approved spot Bitcoin ETFs will likely catapult the price of Bitcoin to as high as $60,000. “Everybody, you’re gonna get $60,000 per Bitcoin, congratulations,” he opined. However, he is convinced that Bitcoin will never hit the coveted $1 million mark.
According to Jim Bianco, president of Bianco Research and Bloomberg columnist, the newly launched exchange-traded funds (ETFs) that invest directly in Bitcoin (BTC) are a giant mistake.
The Wall Street veteran highlighted the pitfalls of the shiny new products, stressing the potential effects spot market Bitcoin ETFs could have on the progress of the largest and oldest cryptocurrency.
Why BTC ETFs Could Be Bad For CryptoThe U.S. Securities and Exchange Commission’s decision to approve spot Bitcoin exchange-traded funds brought in a new wave of investors who had previously kept crypto assets at arm’s length. However, despite the roaring success of these ETFs, president and macro strategist at Bianco Research, Jim Bianco, believes launching these new offerings was a “giant mistake”.
During a recent talk with Bitcoin podcaster Natalie Brunell, Bianco admitted that the newly approved spot Bitcoin ETFs will likely catapult the price of Bitcoin to as high as $60,000. “Everybody, you’re gonna get $60,000 per Bitcoin, congratulations,” he opined. However, he is convinced that Bitcoin will never hit the coveted $1 million mark.
Ethereum-Based Tokenized Real Estate Platform USP Announces Official Launch On Republic
Republic.com, a prominent crowdfunding portal, is pleased to announce the official launch of USP on its platform, a revolutionary tokenized real estate marketplace and platform. This move represents a significant victory for investors worldwide hoping to gain access to the profitable U.S. real estate market through cutting-edge blockchain technology, as well as a significant milestone for USP, a very early tokenized real estate initiative on the Ethereum network.
Republic.com, a prominent crowdfunding portal, is pleased to announce the official launch of USP on its platform, a revolutionary tokenized real estate marketplace and platform. This move represents a significant victory for investors worldwide hoping to gain access to the profitable U.S. real estate market through cutting-edge blockchain technology, as well as a significant milestone for USP, a very early tokenized real estate initiative on the Ethereum network.
Best Online Gambling Establishment Reviews: Your Ultimate Overview to Discovering the Perfect Gambling Enterprise
Welcome to our extensive overview on finding the very best online casino evaluates! Whether you are an experienced gamer or just beginning, selecting the best online gambling establishment can significantly improve your betting experience. With many options readily available, it can be frustrating to choose. This short article aims to give you with valuable understandings and suggestions to assist you choose the best on-line gambling enterprise that fits your requirements and choices.
Why Online Casino Reviews IssueOn-line gambling establishment testimonials are important devices for gamers aiming to check out the huge globe of on the internet gaming. These reviews supply thorough info concerning different online gambling establishments, including their game selection, software application carriers, bonuses and promos, repayment approaches, consumer assistance, and extra. By checking out reputable and honest casino site testimonials, vulkanvegas players can make informed choices and prevent any undesirable shocks.
In addition, online casino site testimonials act as a guide to finding risk-free and reputable gambling enterprises. As an on the internet bettor, your safety and personal privacy are of utmost relevance. By choosing a casino with positive reviews and high scores, you can rely on that your individual and economic information will be safeguarded.
Welcome to our extensive overview on finding the very best online casino evaluates! Whether you are an experienced gamer or just beginning, selecting the best online gambling establishment can significantly improve your betting experience. With many options readily available, it can be frustrating to choose. This short article aims to give you with valuable understandings and suggestions to assist you choose the best on-line gambling enterprise that fits your requirements and choices.
Why Online Casino Reviews IssueOn-line gambling establishment testimonials are important devices for gamers aiming to check out the huge globe of on the internet gaming. These reviews supply thorough info concerning different online gambling establishments, including their game selection, software application carriers, bonuses and promos, repayment approaches, consumer assistance, and extra. By checking out reputable and honest casino site testimonials, vulkanvegas players can make informed choices and prevent any undesirable shocks.
In addition, online casino site testimonials act as a guide to finding risk-free and reputable gambling enterprises. As an on the internet bettor, your safety and personal privacy are of utmost relevance. By choosing a casino with positive reviews and high scores, you can rely on that your individual and economic information will be safeguarded.
Ethereum’s Post-Dencun Economics — Analysts Say ETH No Longer Ultrasound Money
Ethereum has entered a new regime dominated by low network revenue generated from fees after its March Dencun upgrade. But this has turned the network’s native token, ether, into an inflationary currency, according to CryptoQuant.
Ethereum Remains InflationaryEthereum users during the past bull markets complained about exorbitant gas fees, with the network prone to congestion due to increased activity from non-fungible token (NFT) trading and decentralized finance (DeFi). Those days are long gone following the execution of the Dencun upgrade.
Analysts at on-chain data firm CryptoQuant noted in a May 8 research report that the median ETH transaction cost today is roughly four times lower than before Dencun went live when comparing periods of similar network activity.
Ethereum has entered a new regime dominated by low network revenue generated from fees after its March Dencun upgrade. But this has turned the network’s native token, ether, into an inflationary currency, according to CryptoQuant.
Ethereum Remains InflationaryEthereum users during the past bull markets complained about exorbitant gas fees, with the network prone to congestion due to increased activity from non-fungible token (NFT) trading and decentralized finance (DeFi). Those days are long gone following the execution of the Dencun upgrade.
Analysts at on-chain data firm CryptoQuant noted in a May 8 research report that the median ETH transaction cost today is roughly four times lower than before Dencun went live when comparing periods of similar network activity.
Why This Coin Is a Must-Have for Your Portfolio
Table of Contents
IntroductionPawFury: The Rising StarSolana (SOL)Polkadot (DOT)Aptos (APT)ConclusionIntroductionDiscovering hidden crypto gems can lead to significant returns. This article explores four altcoins worth considering for a solid investment strategy: PawFury, Solana (SOL), Polkadot (DOT), and Aptos (APT).
PawFury: The Rising StarPawFury, a rising star in the crypto world, has captivated investors with its humor and innovative features. The coin’s presale has been a massive success, raising $3.42 million. Investors can purchase tokens at $0.01004 before the price increases to $0.020 upon listing on major exchanges. PawFury’s active community and unique approach make it a standout in the market.
Table of Contents
IntroductionPawFury: The Rising StarSolana (SOL)Polkadot (DOT)Aptos (APT)ConclusionIntroductionDiscovering hidden crypto gems can lead to significant returns. This article explores four altcoins worth considering for a solid investment strategy: PawFury, Solana (SOL), Polkadot (DOT), and Aptos (APT).
PawFury: The Rising StarPawFury, a rising star in the crypto world, has captivated investors with its humor and innovative features. The coin’s presale has been a massive success, raising $3.42 million. Investors can purchase tokens at $0.01004 before the price increases to $0.020 upon listing on major exchanges. PawFury’s active community and unique approach make it a standout in the market.
Get your FREE Entry NFT for Crypto: The Game!
Uniswap's acclaimed Crypto: The Game is about to launch its third season. You must purchase Entry NFT to participate in this survival game, but right now you can get Entry NFT for FREE (just by paying gas for the NFT claim).
Moreover, you can get Entry NFT in all the blockchains supported by the game, namely Ethereum, BSC, Base, Polygon, Arbitrum, Avalanche and Optimism. This will increase your chances in the game. Hurry up! There are only a few days left until the start of the third season!
Website: Crypto: The Game
Uniswap's acclaimed Crypto: The Game is about to launch its third season. You must purchase Entry NFT to participate in this survival game, but right now you can get Entry NFT for FREE (just by paying gas for the NFT claim).
Moreover, you can get Entry NFT in all the blockchains supported by the game, namely Ethereum, BSC, Base, Polygon, Arbitrum, Avalanche and Optimism. This will increase your chances in the game. Hurry up! There are only a few days left until the start of the third season!
Website: Crypto: The Game
Uniswap Labs’ Crypto: The Game set for Emmy Award consideration
Uniswap Labs may bag the crypto industry’s first Emmy Award for its recently acquired Crypto: The Game (CTG). The online survival game is a huge hit with degen gamers and a contender for an Emmy nomination in the Outstanding Emerging Media Program category.
The game is based on a TV reality show format, pitting ten “tribes” of 80 players against each other as they struggle to survive daily “immunity challenges,” such as competing in arcade games or winning an online digital scavenger hunt.
Uniswap Labs may bag the crypto industry’s first Emmy Award for its recently acquired Crypto: The Game (CTG). The online survival game is a huge hit with degen gamers and a contender for an Emmy nomination in the Outstanding Emerging Media Program category.
The game is based on a TV reality show format, pitting ten “tribes” of 80 players against each other as they struggle to survive daily “immunity challenges,” such as competing in arcade games or winning an online digital scavenger hunt.
Third season of Crypto: The Game starting next week! Hurry up and get your Free entry NFT now!
The Emmy-nominated game is about to launch its third season, which promises to be the biggest event in the crypto gaming industry ever! Don't miss your chance to be a part of this story.
Link: Crypto: The Game
The Emmy-nominated game is about to launch its third season, which promises to be the biggest event in the crypto gaming industry ever! Don't miss your chance to be a part of this story.
Link: Crypto: The Game
Marketmaker Gotbit has unveiled a revolutionary tool for traders with free trial period
Gotbit Labs is thrilled to announce the launch of the latest innovation – Gotbit DEX Manager, a comprehensive decentralized exchange management tool designed to streamline your trading experience.
To activate the FREE period, connect with your active wallet on one or more supported blockchains (Ethereum, BSC, Base, Arbitrum, Avalanche, Optimism, Polygon). This wallet address will be connected to Gotbit DEX manager and you will be able to use the system only from this address for 1 month for free. After 1 month you will be able to prolong the work on one of the tariffs offered in the system.
Gotbit Labs is thrilled to announce the launch of the latest innovation – Gotbit DEX Manager, a comprehensive decentralized exchange management tool designed to streamline your trading experience.
To activate the FREE period, connect with your active wallet on one or more supported blockchains (Ethereum, BSC, Base, Arbitrum, Avalanche, Optimism, Polygon). This wallet address will be connected to Gotbit DEX manager and you will be able to use the system only from this address for 1 month for free. After 1 month you will be able to prolong the work on one of the tariffs offered in the system.
Trader earned $650,000 on Memecoins in just 12 minutes with Gotbit DEX Manager
A novice trader posted on his Twitter that he was able to make over $650,000 in just 12 minutes using new software from marketmaker Gotbit Labs.
Earlier it became known that Gotbit DEX Manager became the most popular software for launching MEV bots on the Base and Ethereum networks.
A novice trader posted on his Twitter that he was able to make over $650,000 in just 12 minutes using new software from marketmaker Gotbit Labs.
Earlier it became known that Gotbit DEX Manager became the most popular software for launching MEV bots on the Base and Ethereum networks.
Bitstamp Begins Repayments to Mt. Gox Creditors
Bitstamp, one of the five exchanges chosen by Mt. Gox’s bankruptcy estate to effect reimbursements to its creditors, began the process on Thursday. The repayments kicked off three days after Mt. Gox wallets conducted test transactions with and subsequently sent funds to Bitstamp.
Bitstamp is sending bitcoin (BTC), Bitcoin Cash (BCH), and Ether (ETH) to creditors who were assigned to the exchange for reimbursements. Most creditors are expected to have their assets within a week after the exchange sets up adequate security protocols to ensure safe transfers to creditors.
Bitstamp, one of the five exchanges chosen by Mt. Gox’s bankruptcy estate to effect reimbursements to its creditors, began the process on Thursday. The repayments kicked off three days after Mt. Gox wallets conducted test transactions with and subsequently sent funds to Bitstamp.
Bitstamp is sending bitcoin (BTC), Bitcoin Cash (BCH), and Ether (ETH) to creditors who were assigned to the exchange for reimbursements. Most creditors are expected to have their assets within a week after the exchange sets up adequate security protocols to ensure safe transfers to creditors.
Gotbit has opened up free access to its DEX Manager
According to Gotbit CEO Alex Andryunin, access to their most advanced service will be free for all users during this week. The action is designed to attract new traders to familiarize themselves with the product's functionality and demonstrate all of its capabilities.
According to Gotbit CEO Alex Andryunin, access to their most advanced service will be free for all users during this week. The action is designed to attract new traders to familiarize themselves with the product's functionality and demonstrate all of its capabilities.
rWintermute develops an analog of Gotbit DEX Manager
The success of the Gotbit DEX Manager service for creating and promoting meme tokens on EVM blockchains is forcing the largest market makers to create similar services for the mass market. Only last month traders from this platform earned more than 100 million dollars.
The success of the Gotbit DEX Manager service for creating and promoting meme tokens on EVM blockchains is forcing the largest market makers to create similar services for the mass market. Only last month traders from this platform earned more than 100 million dollars.
Cardano Officially Rolls Out Chang Hard Fork, Unlocking Sovereign Wealth Fund Worth About $500,000,000 in ADA
The Cardano (ADA) blockchain officially rolled out its long-awaited Chang hard fork, ushering in a new era of decentralized governance for the project.
The upgrade enables decentralized voting and unlocks a 1.5 billion ADA “sovereign wealth fund” for the community, according to Cardano creator Charles Hoskinson.
With ADA trading at around $0.332 at time of writing, that wealth fund is worth almost $500 million.
The Cardano (ADA) blockchain officially rolled out its long-awaited Chang hard fork, ushering in a new era of decentralized governance for the project.
The upgrade enables decentralized voting and unlocks a 1.5 billion ADA “sovereign wealth fund” for the community, according to Cardano creator Charles Hoskinson.
With ADA trading at around $0.332 at time of writing, that wealth fund is worth almost $500 million.
The new big memcoin on SunPump is gaining momentum
ADDICT is a token that impressed the users of SunPump with its narrative and conceptual art and broke into the top Ranking. It is enough just to look at the website, Telegram or Twitter of this project and it becomes clear that we are facing a very unorthodox player in the world of one-type pictures with dogs.
The token page on SunPump: https://sunpump.meme/token/TU25NpvYnW9YKQSD15yWJQEh9ov1NJrTEU
ADDICT is a token that impressed the users of SunPump with its narrative and conceptual art and broke into the top Ranking. It is enough just to look at the website, Telegram or Twitter of this project and it becomes clear that we are facing a very unorthodox player in the world of one-type pictures with dogs.
The token page on SunPump: https://sunpump.meme/token/TU25NpvYnW9YKQSD15yWJQEh9ov1NJrTEU
sunpump.meme
Sun Pump | The First Meme Fair Launch Platform on Tron:swap,earn,meme culture,instantly tradable without having to
seed liquidity
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The First Meme Fair Launch Platform on Tron:swap,earn,meme culture,instantly tradable without having to seed liquidity
Decentralized Storage Protocol Walrus Launches Public Testnet
October 17, 2024 – Palo Alto, United States
Akord, a Web 3.0 platform for securing and managing data, also begins its migration to Walrus Protocol.Mysten Labs, the Web 3.0 infrastructure company, today announced that following a successful devnet, Walrus Protocol, a decentralized storage network, has launched its public testnet.
Walrus Protocol stores and delivers large data files, including rich media content, audio files, videos, images, PDFs and more, from any Web 2.0 or Web 3.0-based source.
October 17, 2024 – Palo Alto, United States
Akord, a Web 3.0 platform for securing and managing data, also begins its migration to Walrus Protocol.Mysten Labs, the Web 3.0 infrastructure company, today announced that following a successful devnet, Walrus Protocol, a decentralized storage network, has launched its public testnet.
Walrus Protocol stores and delivers large data files, including rich media content, audio files, videos, images, PDFs and more, from any Web 2.0 or Web 3.0-based source.
Analyst Says Dogecoin Parabolic Rally Will Test Your Patience, Sees Bitcoin Surging Amid Calls for Pullback
Crypto analyst Ali Martinez says that Dogecoin (DOGE) is gearing up for a parabolic advance that might shake out the impatient before manifesting.
Martinez tells his 91,000 followers on the social media platform X that DOGE has just given a bearish sell signal on the Tom Demark (TD) Sequential indicator on the weekly chart.
The TD Sequential indicator flashes buy and sell signals based on the closing prices of a given time period, and in this case, nine weeks.
Crypto analyst Ali Martinez says that Dogecoin (DOGE) is gearing up for a parabolic advance that might shake out the impatient before manifesting.
Martinez tells his 91,000 followers on the social media platform X that DOGE has just given a bearish sell signal on the Tom Demark (TD) Sequential indicator on the weekly chart.
The TD Sequential indicator flashes buy and sell signals based on the closing prices of a given time period, and in this case, nine weeks.
Here’s How This Crypto Trader Raked In Over $500,000 in Thirty Minutes
A crypto trader made over $500K in profit in about 30 minutes by trading Thena ($THE) tokens. This comes on the heels of the Binance listing, which sent the asset on an uphill climb. Thena claims to be an innovative decentralized liquidity layer deployed on the BNB network and has garnered steam this week.
The trader used 698 BNB worth approximately $429K to purchase 416,897 $THE. As a result of the price rally, the asset soared in value to over $1 million, making the trader net a whopping $596K. This 196% growth in a short period sparked positive conversations within the community on the state of bull cycles.
A crypto trader made over $500K in profit in about 30 minutes by trading Thena ($THE) tokens. This comes on the heels of the Binance listing, which sent the asset on an uphill climb. Thena claims to be an innovative decentralized liquidity layer deployed on the BNB network and has garnered steam this week.
The trader used 698 BNB worth approximately $429K to purchase 416,897 $THE. As a result of the price rally, the asset soared in value to over $1 million, making the trader net a whopping $596K. This 196% growth in a short period sparked positive conversations within the community on the state of bull cycles.
US Government Estimates Do Kwon’s Victim Count Potentially Exceeding 1,000,000 People
Do Kwon’s alleged schemes could have impacted more than 1 million victims worldwide, according to US prosecutors.
US authorities extradited Kwon, the disgraced co-founder of the Terra (LUNA) ecosystem, late last month.
Kwon faces fraud charges related to the multibillion-dollar downfall of Terra in 2022.
Do Kwon’s alleged schemes could have impacted more than 1 million victims worldwide, according to US prosecutors.
US authorities extradited Kwon, the disgraced co-founder of the Terra (LUNA) ecosystem, late last month.
Kwon faces fraud charges related to the multibillion-dollar downfall of Terra in 2022.
Keycard Announces Pre-Sale Of Shell, The Next-Generation Open-Source Hardware Wallet
Keycard, a hardware wallet company backed by the Status team, announced today the launch of its pre-sale for Shell.
Shell is a groundbreaking, fully open-source hardware wallet designed with a focus on transparency, modularity, and exceptional security. With a focus on modularity, transparency, and robust security, Shell allows users to manage multiple wallets using interchangeable smart cards effortlessly, referred to as Keycards, for enhanced convenience and safety. Notably, early supporters can now pre-order Shell. The wallet comes bundled with two Keycards at an exclusive discount. This is in addition to providing users access to special pre-launch rewards ahead of the global release scheduled for October 2025. Shell also comes.
Keycard, a hardware wallet company backed by the Status team, announced today the launch of its pre-sale for Shell.
Shell is a groundbreaking, fully open-source hardware wallet designed with a focus on transparency, modularity, and exceptional security. With a focus on modularity, transparency, and robust security, Shell allows users to manage multiple wallets using interchangeable smart cards effortlessly, referred to as Keycards, for enhanced convenience and safety. Notably, early supporters can now pre-order Shell. The wallet comes bundled with two Keycards at an exclusive discount. This is in addition to providing users access to special pre-launch rewards ahead of the global release scheduled for October 2025. Shell also comes.