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Lone Sniper Hits $7 Million Jackpot, Trio of Traders Net $1 Million Apiece During SAVM Crypto Launch Crypto snipers managed to make some decent profits from the recent satoshivm (SAVM) launch, as detailed by Arkham Intelligence. Sniping, which refers to the practice of executing crypto trades with exceptional speed and precision to gain a strategic […]

JPMorgan Analyst Predicts Looming Bitcoin Selloff JPMorgan analyst, Nikolaos Panigirtzoglou, recently shared his outlook on the price of Bitcoin on LinkedIn. He specifically highlighted the impact of the launch of spot Bitcoin exchange-traded funds (ETFs) and the outflows from Grayscale's Bitcoin fund. Grayscale recently converted its Bitcoin trust (GBTC) into a spot Bitcoin ETF after

An Overview of Morgan Stanley's Concerns Morgan Stanley, a prominent investment bank, has recently raised concerns about the potential decline in the dominance of the U.S. dollar. This apprehension is fueled by the growing interest in digital assets, including cryptocurrencies like bitcoin. The bank highlights that the U.S. dollar's supremacy is facing increasing scrutiny, leading

Within the US market over a six-day period, the trading volume for nine recently launched spot bitcoin exchange-traded funds (ETFs) and GBTC, which has been recently revamped, amounted to $16.53 billion. GBTC dominated the majority of this trade volume, but it experienced a significant decrease in its bitcoin holdings. In the past 24 hours alone,

Court Mandates External Probe into FTX, Highlighting Potential Crypto Market Risks An independent examiner was initially barred from delving into the FTX bankruptcy case. However, the Third Circuit Court of Appeals in Philadelphia has recently overturned this decision, mandating that the defunct crypto exchange undergo an investigation by an external party. This ruling points out

Introduction Jim Cramer, host of CNBC's Mad Money show, has recently cautioned investors about investing in bitcoin and the newly launched spot bitcoin exchange-traded funds (ETFs). While he is not as vehemently opposed to these investment vehicles as SEC Chair Gary Gensler, Cramer emphasizes the need for thorough research before delving into the world of

Introduction Franklin Templeton, a leading investment management giant with $1.5 trillion in assets, is eyeing a broader expansion into the world of cryptocurrencies. The recent approval of 11 new spot bitcoin exchange-traded funds (ETFs) has paved the way for further filings in the industry. Sandy Kaul, the Head of Digital Assets at Franklin Templeton, believes

Bitcoin ETFs Outshine Silver, Secure Second Place in U.S. ETF Commodities Following a remarkable market debut, spot bitcoin exchange-traded funds (ETFs) have surpassed silver and become the second-largest commodity in the U.S. ETF market, second only to gold. This shift highlights the increasing mainstream interest in the digital asset. Bitcoin ETFs: A Growing Presence in

The Tokenized Asset Coalition (TAC), an organization dedicated to promoting the institutional adoption of tokenization practices for real-world assets on the blockchain, has released its State of Tokenization report. According to the report, 2023 witnessed the emergence of a tokenized risk curve, with tokenization being applied to various asset classes. The report further predicts that

RBI Governor's Crypto Warnings Shaktikanta Das, the governor of the Reserve Bank of India (RBI), expressed concerns about the risks associated with cryptocurrencies during the recent World Economic Forum in Davos. Das emphasized the potential impact on financial stability, currency stability, and the monetary system, particularly for emerging market economies. The Impact on Financial Stability