Grayscale Dogecoin and XRP Trusts Launch, Cleanspark Earnings: Upcoming Week in Crypto
Grayscale’s Upcoming Dogecoin and XRP ETFs Amid Market Downturn Grayscale is launching its Dogecoin Trust ETF (GDOG) and XRP Trust ETF (GXRP) later on Monday, but the timing seems a bit tough as both tokens are heading toward their most challenging month since February. In fact, the broader cryptocurrency market isn’t faring any better, with […]
What’s Causing the Drop in Crypto?: ETF Withdrawals, Stablecoin Declines, and DAT Changes Indicate Capital Leaving Crypto
Greg Cipolaro has pointed out that Bitcoin’s drop to $84,000 wasn’t just a matter of mood but more about underlying market mechanics. As the NYDIG Global Research Director noted in a recent report, the key engine driving the anticipated 2024-2025 rally appears to have shifted into reverse. Initially, spot Bitcoin ETFs had been a primary […]
Crypto conditions indicate a lower probability of significant capitulation according to Lyn Alden.
Macroeconomist Lynn Alden’s Take on Bitcoin’s Future Macroeconomist Lynn Alden suggests that a significant collapse in Bitcoin and the wider cryptocurrency market is not on the horizon at this point. “We haven’t reached a level of euphoria in this cycle, so there’s not much reason to expect some kind of wholesale capitulation,” she remarked during […]
Europe Will Introduce High-Risk 3x Leveraged Bitcoin and Ethereum ETFs as Crypto Markets Decline
New Leverage Options for European Investors Investors in Europe will soon have the chance to engage in trading with increased leverage. Leverage Shares is introducing a new exchange-traded product that allows for both short and long positions with 3x leverage on well-known cryptocurrencies like Ethereum and Bitcoin at the SIX Swiss Exchange. This new service […]
Transforming $11,000 into $500 million through Memecoin Trading: Insights from a Crypto Wealth Manager
Turning $11,000 into Half a Billion through Memecoins Jake Claver, the CEO of Digital Ascension Group, shares a remarkable story about a client—a man from Dallas—who transformed an initial investment of $11,000 into close to $500 million by trading memecoins. These cryptocurrencies are often driven by cultural themes and lack inherent utility, making their values […]
Reasons Behind Today’s Crypto Drop: Experts Caution BTC Might Fall Below $80K After World Market Turmoil
Market Watch: Bitcoin’s $80,000 Support in Focus Traders and investors are closely monitoring Bitcoin’s critical support level at $80,000. This has become a key point as Bitcoin faces ongoing selling pressure influenced by global economic factors, surging liquidations, and a general decline in risk appetite. Today, Bitcoin shows a slight attempt at stabilization, but overall, […]
New IRS reporting rules will make traditional crypto tax evasion risky starting with the 2025 return.
Planning for Year-End Taxes as a Crypto Investor With the year winding down, it’s an opportune moment to ensure your tax situation is well-organized. This is particularly crucial for those investing in cryptocurrencies, especially with new IRS requirements kicking in for transactions after January 1, 2025. The IRS generally classifies virtual currencies as assets, much […]
Potential Threats to the Crypto Market Before Important MSCI Decision: Could It Lead to a Fresh Bitcoin Sell-Off?
Bitcoin Experiences Major Drop, Reaching Eight-Month Low Bitcoin (BTC), the leading cryptocurrency, has seen a notable decline, hitting an eight-month low of $80,000, marking what may soon be recognized as the poorest performing week since November 2022. Market analysts indicate that the downturn kicked off on October 10, when signs of a downward trend first […]
Crypto Sector Advocates for Tax Policy Change Through Private Dinner for Legislators
Efforts Intensify for Crypto Tax Priorities in Congress As the Cryptocurrency Market Structure Act progresses through the Senate, industry leaders are ramping up their push for specific tax policies within Congress and the Trump administration. Recently, the American Innovation Project, a prominent industry nonprofit, organized a private dinner to inform Congress members about issues surrounding […]
UK Fraud Office Investigates $28M Crypto Fund Collapse, Two People Arrested
Simply put Basis Markets raised $28 million in late 2021, but closed down a few months later without providing refunds. Authorities have arrested two individuals during raids in London and West Yorkshire. This situation serves as a significant test of cryptocurrency enforcement in the UK, with victims being encouraged to step forward. U.K. prosecutors are […]