Fundstrat co-founder Tom Lee shared a “generational play” thesis for Ethereum that predicts 3,000% upside in Ether (ETH) price to $60,000. Key takeaways: ETH is testing a key long-term support trend line that preceded 5,000% gains in the past. Tom Lee amplified the fractal setup, which projects ETH toward $60,000 by 2030. ETH price chart:…
Crypto has topped the list of most-muted topics on X since the platform rolled out its snooze feature, with spam and artificial intelligence content, or “AI slop,” likely playing a major role. On Thursday, Nikita Bier, X’s head of product, revealed that crypto has become the most-muted topic ahead of politics, the Iran conflict, sports…
Bitcoin (BTC) failed to recover new support on Thursday as oil hit its highest levels in nearly four years. Key points: Bitcoin struggles to recoup recent lost ground as geopolitical factors weigh on momentum. UK Brent crude oil spot markets record their highest levels since June 2022. The Federal Reserve’s interest-rate decision is called Chair…
US Senator Thom Tillis says he will push the Senate Banking Committee to advance the stalled crypto market structure bill, as the text of the bill has made progress and is ready for another vote. Tillis, a key Senate Banking Republican, told reporters on Wednesday that he would ask Senate Banking Committee Chairman Tim Scott…
US tech giant Meta has launched USDC payouts for creators on its platforms in the Philippines and Colombia, with plans to expand to additional markets. Creators who opt into the service will receive payments directly into crypto wallets on the Solana and Polygon blockchains. However, Meta does not offer a built-in conversion option, so an…
The native token of Trump-family-linked World Liberty Financial dropped nearly 14% on Wednesday as a controversial governance proposal that would place over 62 billion WLFI tokens under new multiyear vesting schedules went to a community vote. The proposal was first submitted to the World Liberty governance community on April 15 and officially went live for…
Shares in the Bitcoin-buying company Twenty One Capital climbed in after-hours trading on Wednesday after its majority shareholder, Tether, proposed a three-way merger with two other crypto companies. Tether said Wednesday that it intends to vote in favor of a proposed merger between Twenty One Capital and Bitcoin payments company Strike, followed by a proposed…
A Dubai police-led international crackdown on scam rings last week resulted in the arrest of 276 individuals and the shutdown of at least nine crypto scam centers, the US Department of Justice revealed on Wednesday. In a joint operation with the FBI and China’s Ministry of Public Security, Dubai authorities arrested 275 people, with an…
Key takeaways: Negative Bitcoin funding rates indicate bearishness, yet whales maintain steady long-to-short ratios at major exchanges. Inflation concerns and tech corporate earnings remain the biggest drivers for Bitcoin traders’ sentiment. Bitcoin (BTC) faced rejection at $77,800 on Wednesday, then retested the $76,000 level. This movement followed a correction in the S&P 500 Index as…
Bitcoin (BTC) extended its two-day decline on Wednesday after the Federal Open Market Committee (FOMC) minutes confirmed the Fed’s decision to hold “the target range for the federal funds rate at 3-½ to 3-¾ percent.” While the Fed maintains its goal of achieving “maximum employment and inflation at the rate of 2 percent over the…