Bitcoin Could Drop to $58K as Cool-Off Period Is Imminent, Swissblock Says
Bitcoin nearly doubled in price since late January, but a “counter move seems to be near,” Swissblock analysts said.Source
Michael Saylor’s MicroStrategy Raising Another $500M to Buy More Bitcoin
The debt offering comes just days after the company closed on an $800 million capital raise, also with proceeds used to buy bitcoin.Source
U.S. Attorney’s Office Files Civil Forfeiture Action to Return $2.3M in Crypto Tied to 37 Scam Victims
The United States Attorney’s Office in Massachusetts filed a civil forfeiture action on Wednesday aimed at returning $2.3 million in cryptocurrency to 37 victims of online scams and fraud.Source
The Protocol: Is Ethereum’s Dencun Update All It’s Cracked Up To Be?
Some developers think that shifting the Ethereum ecosystem further towards layer 2 networks could risk setting it down the wrong path.Source
Dogwifhat Becomes 4th-Largest Meme Coin as Community Completes Fundraising for Las Vegas Sphere Showing
The meme coin based on a dog wearing a pink beanie became an instant hit during the ongoing crypto bull cycle, now boasting a $2.6 billion market capitalization, but its skyrocketing price could signal increased market froth.Source
Judge Rules Against Gemini, Genesis Motion to Dismiss SEC Case Against Earn Product
A New York judge has ruled that the U.S. Securities and Exchange Commission (SEC) case against crypto lender Genesis and crypto exchange Gemini will be allowed to move forward, denying the two defendants’ motions to dismiss in a Wednesday court filing.Source
Derogatory Elizabeth Warren Meme Coin Deleted From Coinbase’s Website
Meme coin traders are flocking to a derogatory cryptocurrency that attacks Elizabeth Warren, the Massachusetts senator and prominent crypto critic. Meanwhile, cryptocurrency exchange Coinbase is running awkwardly in the other direction.Source
Spot Bitcoin ETFs Could See $220B of Inflows in Next 3 Years: JMP Securities
Crypto exchange Coinbase (COIN) looks well-positioned to benefit from these growing inflows, the report said.Source
Coinbase Gets Another Upgrade, This Time at Raymond James, as Bears Capitulate
The brokerage firm lifted its rating on the crypto exchange’s shares to market perform from underperform.Source
Solana NFT Marketplace Tensor to Issue TNSR Governance Token
Solana-based NFT trading platform Tensor said Tuesday it will issue a token, $TNSR, whose holders will govern the protocol.Source