Author: Teererai Mukonavanhu

Article written by Teererai Mukonavanhu

ARK Invest’s Cathie Wood says Bitcoin will exceed $1M before 2030 amid ETF surge

March 11, 2024 1 min read

Cathie Wood of ARK Invest has revised her prediction that the price of Bitcoin will exceed $1 million by 2030, citing the introduction of spot ETFs in the US and the increase in its value. Furthermore, Wood maintains that the advent of spot ETFs has had a substantial impact on the potential of Bitcoin, prompting her to reassert her confidence in its forthcoming expansion. Note that the approval of spot

DOGE, SHIB, PEPE, FLOKI, and BONK see over $50M in short positions liquidated in the past 24 hours

March 3, 2024 1 min read

Meme coins, such as Pepe (PEPE), have seen a significant price increase, with shorts losing a cumulative $50 million in the past 24 hours. According to data from Coinglass, bets against Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), Floki (FLOKI), and Bonk (BONK) saw over $50 million in liquidations in the past 24 hours. This contributed to the price surge among these tokens. Meme coins started to come into focus

Shido token drops by 90% as exploiter drains Ethereum staking contract

February 29, 2024 1 min read

A layer 1 blockchain Shido token experienced over 90% drop in just 30 minutes after an exploit, according to blockchain security firm PeckShield. Furthermore, the attacker transferred the Ethereum staking contract to another address and upgraded it with a hidden function to withdraw staked tokens. The blockchain security and data analytics company, PeckShield, reported that the hacker had withdrawn over 4.3 billion Shido tokens, nearly half of the nearly 9

Bitcoin (BTC) Surges Above $61,000 as Bull Rally Continues

February 28, 2024 1 min read

On February 28 2024, the market value of Bitcoin (BTC) had risen to $1.2 trillion, up 6.5% in the last 24 hours, and the price had soared above $61,000. This comes as the combined trading volumes of almost $3 billion propelled the price increase on Tuesday, and several traders pointed to the bitcoin halving event as a fresh narrative that caused a rally before the halves. Since the early hours

Crypto markets sees over $150 billion inflow as Bitcoin price soars above $57K

February 28, 2024 1 min read

Bitcoin’s (BTC) price soared over $57,000 following several days of trading aimlessly between $51,000 and $52,000, hitting to a 26-month high. The last time the largest crypto by market cap hit $57,000 was in November 2021 when the price hit an all-time high of around $69,000. Bitcoin jump also triggered surge in alternative coins. Cryptos like Solana (SOL) and Bitcoin Cash (BCH), also saw huge rises, with SOL surpassing $110

Ripple releases 400 million XRP tokens, valued at around $217 million

February 26, 2024 1 min read

Ripple (XRP) has released around 400 million XRP tokens, worth around $217 million, according to Whale Alert. These unexpected transactions have sparked the curiosity of the XRP community due to its unusual timing. Traditionally, Ripple, the company behind the XRP token released around 1 billion XRP tokens from its escrow wallet on the first day of each month. However, only half a billion tokens were locked in escrow in February.

Co-founder of Axie Infinity losses over $9.7 million worth of Ethereum to hackers

February 23, 2024 1 min read

Jeff Zirlin, co-founder of Axie Infinity, has confirmed that his crypto wallets were compromised, resulting in a loss of $9.7 million worth of Ethereum. The breach, which affected two of Zirlin’s addresses, was confined to his accounts and did not affect the Ronin chain or Sky Mavis’ operations. Security analytics firm PeckShield reported the breach first, involving a “whale wallet” linked to Zirlin. Even if there has been a noticeable

Puffer Finance reaches $850 million in TVL

February 12, 2024 1 min read

Puffer Finance, an Ethereum liquid restaking protocol, now has $850 million in total value locked (TVL) in it, making it the second-largest of its kind. With the launch of Puffer Finance on February 1st, users can deposit Ethereum (ETH) and receive a liquid staking token that can be used to earn yield from restaking, which is the practice of staking the same Ethereum across multiple protocols to obtain additional yield.

Bitcoin Could Dip to $15,000 Amidst Stock Sell-Offs, Warns Market Expert Gareth Soloway

January 31, 2024 1 min read

Market expert Gareth Soloway has issued a warning, predicting that Bitcoin’s price could fall to $15,000 if there is a significant stock market sell-off, despite notable investments from whales. Soloway from verifiedinvesting.com reflected on Bitcoin’s (BTC) historical trends, highlighting moments such as the introduction of Bitcoin futures in 2017 and Coinbase’s public listing in 2021. In addition, he sees the potential approval of Bitcoin spot exchange-traded funds (ETFs) in the

Over 24 million Optimism (OP) tokens worth over $81 million to be unlocked next week

January 29, 2024 1 min read

Optimism, the Ethereum layer 2 scaling solution, is about to unlock around $81 million in OP tokens on January 29, 2024, according to Token Unlocks data. Token lock-ups are common in the crypto space, where a portion of the token supply is held back and gradually released over time. This strategy aims to keep early investors and insiders from flooding the market with a large number of tokens right after

Tesla still holds its Bitcoin worth $387M in Q4 2023

January 26, 2024 1 min read

While there were initial concerns about potential regulatory barriers for Ethereum ETFs, Commissioner Pierce’s remarks suggest a possible shift toward a more straightforward approval process. This could be good news for major players in the space, like BlackRock and Fidelity, who have applied for spot Ether ETFs. Big names in the financial industry, such as BlackRock and Fidelity, have expressed an interest in Ethereum ETFs and are seeking SEC approval.

The US SEC Commissioner Hints That Ether ETF Approval Would Be Easier Than Bitcoin ETF’s

January 25, 2024 1 min read

In a recent Coinage interview, US SEC Commissioner Hester Pierce proposed a potentially smoother approval process for Ethereum Exchange-Traded Funds (ETFs), indicating a shift from previous regulatory considerations. Commissioner Pierce expressed her desire for the SEC to treat crypto ETFs, particularly those linked to Ethereum, similarly to traditional funds. Her proposal advocates for applying existing standards without requiring court intervention, potentially streamlining the approval process. This approach differs from previous