On April 11, 2024, Chris Mancini, an associate portfolio manager at Gabelli Gold Fund, talked in depth about the recent gold market trends during a segment on CNBC’s “Power Lunch” program. Normally, when gold-backed ETFs experience significant withdrawals, it results in lower prices. However, contrary to this usual pattern, the price of gold has continued … Read more
Approximately 330,000 XRP tokens were previously secured on the XRP Ledger’s newly instituted Automated Market Maker (AMM) platform. Recently, this amount has significantly increased to over 715,000 XRP tokens, equating to more than $400,000 in value. Notably, during this period, the AMM platform is undergoing essential bug repairs. Based on information from XRPScan, the XRP … Read more
Why you should listen The Mantra team noticed a gap in the Cosmos ecosystem: there was no blockchain geared towards ensuring regulatory compliance for various real-world assets (RWA) and tokenized assets. They believe that creating a “regulated digital asset chain” would bring about an innovative protocol, appealing to users from diverse backgrounds who prioritize regulatory … Read more
A well-respected cryptocurrency expert, recognized for his accurate calls on the cryptocurrency market bottom in 2018’s bear market, has shared his analysis of Bitcoin‘s potential worst-case scenario. However, he emphasized that even with this outcome, there could still be significant price growth. On microblogging platform X, where Bluntz has over 250,000 followers under a pseudonym, … Read more
Based on an article in The Wall Street Journal dated April 10, the Federal Reserve is encountering fresh hurdles in its fight against inflation, making it more difficult for the central bank to achieve a gentle economic slowdown. The WSJ piece emphasizes that an inflation report came in higher than anticipated, bringing substantial repercussions for … Read more
Shiba Inu (SHIB) aims to reduce the large number of circulating tokens by destroying them through a process called “burning.” By removing SHIB tokens from circulation, this intentional act increases the scarcity and potential value of the remaining tokens in the market. To accomplish this, Shiba Inu has adopted two primary approaches for token burning: … Read more
In the US, the debut of Bitcoin (BTC) ETFs on the exchange has reshaped the cryptocurrency market. According to Kitco’s article, these ETFs have simplified the process for various types of investors, such as retail investors, pension funds, and major financial institutions, to invest in cryptocurrencies through a more conventional and user-friendly approach. An article … Read more
A relatively new cryptocurrency project named Ethena is gaining notice for its innovative strategy that resembles hedge fund investing. This approach has resulted in substantial investments and excitement within the industry. The initial returns, approximating 37%, have been enticing. However, doubts about the long-term viability of Ethena are emerging due to the unpredictable nature of … Read more
On April 10, 2024, Uniswap Labs was notified by the U.S. Securities and Exchange Commission (SEC) of a potential legal dispute through a Wells notice. This is an initial warning before any formal legal action. The SEC, which is a regulatory body in the United States, sends out a Wells notice once they’ve finished investigating … Read more
The price of Cardano‘s native token, $ADA, has declined by 19.2% in the past month due to the broader cryptocurrency market downturn. Some believe that this drop places $ADA “in the right position” for an upcoming price surge. Last month on microblogging platform X, which was previously called Twitter, well-known cryptocurrency expert Ali Martinez shared … Read more