Results for: Crypto

Cartwright, a UK-based pension advisory firm, has advised a pension scheme to allocate 3% of its assets to Bitcoin, marking a significant step in the UK’s institutional crypto adoption. This move, valued at approximately $59 million, represents a shift towards diversifying investment strategies and harnessing the potential of Bitcoin’s asymmetric returns. The decision reflects a growing trend of institutional investors exploring innovative solutions to future-proof their portfolios in a challenging economic environment.

This week saw a whirlwind of news, with Trump’s latest comments, market trends, and crypto developments dominating headlines. From Robert Kennedy Jr. taking the stage to potential disruptions in the tech and energy sectors, read on for a comprehensive recap.

Anthony Scaramucci, a prominent figure in finance, believes the upcoming Congress will be highly supportive of crypto and could usher in significant changes to the digital asset landscape. He forecasts the classification of established protocols as ‘decentralized commodities,’ leading to greater market clarity and reduced legal risks. However, new token launches may face stricter regulations, signaling a focus on investor protection. Scaramucci also emphasizes the potential of stablecoins to bolster the U.S. dollar’s global dominance, offering a glimpse into the evolving digital asset landscape.

Binance Blockchain Week 2024, themed “Momentum”, is set to take place in Dubai, UAE, from October 30th to 31st. This event, featuring industry leaders like Changpeng Zhao (CZ) and Richard Teng, will focus on the advancements of blockchain technology, its regulatory landscape, and its societal impact. Attendees will engage in discussions about the future of Web3, exploring how “Momentum” will shape the industry’s trajectory. A highlight of the event will be the BNB Chain Ecosystem Airdrop, allowing attendees to tap NFC cards with their phones to receive a random airdrop of popular tokens, including BNB and FDUSD, fostering an engaging “Tap2Earn” experience. The Innovation Stage will showcase cutting-edge platforms and tools, highlighting advancements in DeFi, NFTs, and other emerging trends, providing a unique opportunity for attendees to stay ahead of the curve.

Pseudonymous crypto trader Hoeem offers a three-wave strategy for navigating the volatile meme coin market. This framework categorizes trading into distinct stages, from high-risk, high-reward wave one to the more established and less volatile wave three. The strategy provides valuable insights for traders looking to capitalize on the meme coin market’s unique opportunities.

Digital asset investment products saw a massive inflow of $2.2 billion last week, marking the highest weekly increase since July 2023. This surge is fueled by optimism surrounding a potential Republican victory in the upcoming U.S. presidential election, as the party is perceived as more favorable towards the digital asset sector. Bitcoin, Ethereum, and other altcoins have seen significant inflows, pushing total assets under management (AUM) closer to the $100 billion mark. Experts believe this could be the beginning of a bullish market cycle.

The AI-generated meme coin GOAT has experienced a remarkable rebound, with whale activity driving its price up over 200% after an early morning dip. Investors are bullish on the coin’s future, seeing it as a potential long-term play.

Crypto analyst Cold Blooded Shiller is bullish on Bitcoin, citing its uptrend across all timeframes and suggesting a potential rise to $100,000. He encourages investors to view any pullbacks as buying opportunities, highlighting the growing demand and a strong level of interest around current price levels.

Shiba Inu (SHIB) is on the rise, fueled by a bullish prediction from a prominent analyst, a surge in the coin’s burn rate, and positive technical indicators. This comes as the broader cryptocurrency market enjoys a surge in prices, sparking hope for new all-time highs.

Valour Inc., a DeFi Technologies subsidiary, is moving 19 of its popular crypto exchange-traded products (ETPs) from the Nordic Growth Market to the Spotlight Stock Market in Stockholm. This strategic move aims to enhance liquidity, broaden market reach, and position Valour as a leading player in the Nordic ETP market, specifically for digital asset-related instruments.