Arthur Hayes, co-founder of BitMEX, shares a resounding optimism for Bitcoin‘s valuation, predicting it might hit an impressive $1 million by 2028. His confidence stems from anticipated shifts in U.S. monetary policy and escalating budget deficits, both acting as boosters for Bitcoin’s price trajectory. What Drives the $1 Million Prediction?Is Bitcoin Becoming a Financial Refuge? … Read more
Toymaking giant Mattel is putting the brakes on its Hot Wheels Virtual Garage non-fungible tokens, pending a decision on the collection’s future. There will be no future releases of any new NFT series or feature drops for the “foreseeable future,” Mattel said in an update on its website. The company said it will decide on … Read more
Key Points: South Korea enacts crypto sale rules for non-profits and exchanges. New rules emphasize anti-money laundering measures. Market shift expected toward mainstream cryptocurrencies like BTC and ETH. The South Korean Financial Services Commission will allow non-profits and digital asset exchanges to legally sell digital assets starting June 1. These changes aim to tighten anti-money … Read more
Bit Digital plans to raise up to $500 million through an at-the-market (ATM) equity offering. The offering will be facilitated by investment bank H.C. Wainwright & Co., which will earn a commission of up to 3% on shares sold. New Funding to Support Excursion Into High-Performance Computing Bitcoin mining firm Bit Digital has announced its … Read more
In a recent statement, former President Donald Trump emphasized the *significance* of **cryptocurrency** in the evolving financial landscape. Speaking during an appearance on NBC News’ *Meet the Press*, he highlighted the resilience of **crypto assets** amid recent market fluctuations, noting their growing acceptance among investors. Trump stressed that the **United States** must take proactive measures … Read more
EUR/USD edged lower on Monday as potential trade tensions weighed down market sentiment. President Donald Trump announced plans to initiate a 100% tariff on foreign-produced films, raising concerns over escalating protectionist policies. Eurozone Harmonized Index of Consumer Prices remained steady at 2.2% YoY in April, slightly above the expected 2.1%. EUR/USD is kicking off the … Read more
The world’s richest man, Elon Musk, is once again, stirring up the market with his antics. He changed his display name on X to Gorklon Rust, a playful variation of Grok—his AI chatbot developed by xAI. Immediately, GORK—a new Solana meme coin with the same name—exploded on the price chart, skyrocketing nearly 100% in the … Read more
Key points: Bitcoin’s positive sentiment should remain intact if BTC price stays above the 20-day EMA near $92,000. Several altcoins show bullish chart patterns in the 4-hour and 1-day timeframes. Bitcoin (BTC) has given back some of the gains over the weekend, and the price has pulled back to the breakout level of $95,000. Buyers … Read more
Key points: Bitcoin’s positive sentiment should remain intact if BTC price stays above the 20-day EMA near $92,000. Several altcoins show bullish chart patterns in the 4-hour and 1-day timeframes. Bitcoin (BTC) has given back some of the gains over the weekend, and the price has pulled back to the breakout level of $95,000. Buyers … Read more
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