Author: NBTC

According to George of CryptosRUs crypto YouTube channel, a supply squeeze is imminent for Bitcoin soon. George noted that Bitcoin has slowed down over the past several days, but it does not mean market participants should give up on the pioneer cryptocurrency. He believes coming events will regenerate an active market for Bitcoin. In a recently uploaded video, George argued that the effect of upcoming macroeconomic events will favor Bitcoin. The CryptosRUs analyst highlighted the proposed interest rate cuts by the U.S. Federal Reserve as a signal for an imminent Bitcoin supply squeeze. He further noted that other top economies…

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Ethereum price extended its decline below the $3,320 support zone. ETH is now consolidating and might start a fresh increase if it clears $3,320. Ethereum remained in a bearish zone and traded below the $3,320 support zone. The price is trading below $3,400 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance near $3,320 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it settles above the $3,320 resistance zone. Ethereum Price Faces Resistance Ethereum price remained in a bearish zone below on the hourly…

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KBW initiated coverage of Robinhood with a market perform rating and a $20 price target. Robinhood’s share price rose sharply as retail engagement accelerated. The big question is how long the recent acceleration in retail trading will last, the report said. The key question for trading platform Robinhood (HOOD) is how long the recent acceleration in retail trading will last, broker KBW said in a research report that initiated coverage of the stock with a market perform rating and a $20 price target. KBW notes that retail engagement materially ramped up in the first quarter, helping drive the share price…

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Macro investor and fund manager Dan Tapiero believes the bull market cycle for Bitcoin (BTC) is still in its early stages. The CEO of investment firm 10T Holdings tells his 114,500 followers on the social media platform X that Bitcoin could soar 3x from its current value in the next year or two. “Conservative again on BTC price. A mere 3x over next 12-24 months. Bull market just in its third inning now.” Since there are nine innings in a baseball game, he suggests Bitcoin’s upward momentum will continue for a while. He also says there may be price volatility,…

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Leading cryptocurrency exchange, Coinbase has released a new report delving into the restaking trends in Ethereum. The report, authored by analysts David Han and David Duong, explores how restaking could reshape validator incentives, potentially unlocking new opportunities and introducing complex risks. Coinbase analysts explain why restaking has emerged as a major theme within the crypto industry. Ethereum’s switch to proof-of-stake (PoS) has created a vast pool of staked ETH, far outpacing the requirements for network security. However, the introduction of restaking, particularly through liquid restaking tokens (LRTs), brings to the forefront both opportunities and risks for validators and the broader…

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GK8, which was acquired by Galaxy Digital just over a year ago, has entered the tokenization sector with a self-custody offering. The company offers a patented flavor of cold storage, a process of creating, signing and sending messages to the blockchain without ever being connected to the internet. The first client to use the Tokenization Wizard will be a partnership between asset manager DWS, Flow Traders and Galaxy itself to manage a fully collateralized euro-denominated stablecoin. GK8, the crypto currency custody firm acquired by Galaxy Digital just over a year ago, has introduced Tokenization Wizard, a platform for building blockchain-based…

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Franklin Templeton’s recent study explores the close bond between meme coins and their respective blockchains, including Solana and Ethereum. According to recent research shared via social media, meme coins, despite their lack of inherent value, play a significant role in the network activity of native blockchains. The study pointed to Dogecoin (DOGE) and BONK as prime examples of how these digital assets can influence and reflect the health of their platforms. The Value Between Meme Coins and Their Native Networks pic.twitter.com/LYjQ5HvXHp — Franklin Templeton Digital Assets (@FTI_DA) March 13, 2024 Franklin Templeton on DOGE and Solana As detailed in Franklin…

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Ark Invest CEO Cathie Wood called bitcoin (BTC) a “financial super highway,” emphasizing the important use cases for the cryptocurrency in emerging markets. Wood, whose Ark Invest recently became one of the issuers of a spot bitcoin exchange-traded fund (ETF), ARKB, said the asset manager is focused on emerging markets and the macro environment worldwide, which has been “shocked” by the U.S. Federal Reserve’s increase in interest rates, she said during a fireside chat at the Friday Bitcoin Investor Day conference in New York. “There are signals that not all is well in the world,” she said about countries like…

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Vitalik Buterin, the pioneering co-founder of Ethereum, has unveiled the next phase in the blockchain’s evolution, known as the Purge. This initiative aims to streamline the network’s architecture, enhancing usability while reducing the burden on nodes. A pivotal element of this phase is the enhancement of EIP-6780, introduced in the recent Dencun hard fork. This improvement, by refining the SELFDESTRUCT opcode, promises to bolster security and simplify protocol application. Buterin highlights the significance of such updates in making Ethereum more accessible and secure by eliminating redundancies and reinforcing security protocols. Snap | Source: X (Formerly Twitter) Further advancements include the…

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Project Agorá will investigate how tokenized commercial bank deposits can be integrated with tokenized wholesale central bank money and seek to build a usable solution. The project, announced by the Bank for International Settlements, brings together seven central banks from the U.K., Japan, Korea, Mexico, Switzerland, New York and Europe. A global group of central banks is exploring how tokenization can be used to improve existing financial systems with a new project, the Bank for International Settlements (BIS) announced Wednesday. The BIS represents 63 of the world’s central banks and is running an array of projects on the issuance of…

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