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Cryptocurrency News
Insider
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Image Credit: Insider
Why a famed financial advisor thinks crypto should be up to 40% of your portfolio
- Financial advisor Ric Edelman suggests allocating up to 40% of portfolios to cryptocurrencies, a significant increase from his previous recommendation of 1% a few years ago.
- Edelman believes in allocating at least 10% of a portfolio to crypto assets and as much as 40% in some cases, citing the outperformance and growth potential of digital assets.
- He argues that portfolios with bitcoin have historically generated higher returns with lower risk and emphasizes the importance of including crypto in investment strategies.
- Edelman criticizes the traditional 40/60 mix of stocks and bonds, advocating for portfolios that can generate revenue for 50 years or more with increased exposure to cryptocurrencies, especially amid blockchain technology advancements.
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Coindoo
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327
Image Credit: Coindoo
MicroStrategy Buys $531M in Bitcoin — Cardano Leads as Crypto Catalysts Strengthen
- MicroStrategy has purchased an additional 4,980 BTC, investing around $531 million at an average price of $106,000, bolstering its position as the largest corporate Bitcoin holder.
- The purchase by MicroStrategy has boosted bullish sentiment in the market, with Bitcoin's price hovering between $106,000 - $107,000, reinforcing confidence in Bitcoin's long-term viability.
- Cardano (ADA) maintains focus on long-term infrastructure growth, emphasizing progress on scaling solutions and secure client infrastructure, positioning itself for sustainable growth in the Web3 landscape.
- The current market divide is evident, with Bitcoin and Cardano representing long-term conviction plays, while retail investors are increasingly drawn to emerging tokens for faster upside potential amidst the growing trend of altcoin capital rotation.
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Coinpedia
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344
Image Credit: Coinpedia
Pepeto vs PEPE Price Prediction: Which Moonshot Wins in July?
- Pepe token has seen significant trading activities and holds an RSI value of 41.76, suggesting stability in a volatile market.
- Pepeto, an underdog cryptocurrency, is gaining attention with its presale funding of $5.5 million and plans for further fundraising.
- Pepeto's value lies in its exchange, PEPETO Bridge, aiming to enhance financial operations and liquidity through cross-chain transactions.
- Investors are eyeing Pepeto's potential with staking rewards, tokenomics benefits, and upcoming listings on Tier 1 exchanges for possible exponential growth.
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Zycrypto
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97
Image Credit: Zycrypto
US Treasury Sanctions $350k TRON Wallet Linked to BPH Service Provider Aeza Group
- The US Treasury has sanctioned a TRON wallet address linked to the Russian-based Aeza Group for enabling ransomware attacks and providing Bulletproof Hosting services.
- The TRON wallet contained $350,000 in funds and was used for criminal activities like hosting ransomware servers and phishing attacks targeting crypto holders.
- The US Treasury also sanctioned other entities and individuals related to Aeza Group, including Russian and UK firms, in efforts to combat cybercrime and disrupt criminal networks.
- OFAC's sanctions targeted key personnel and businesses affiliated with Aeza Group, aiming to prevent illicit activities that undermine economic health and national security.
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Cryptoninjas
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362
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Germany Approves EURAU: First MiCA-Compliant Euro Stablecoin Gets Green Light from BaFin
- Germany's BaFin approves EURAU, the first MiCA-compliant euro stablecoin by AllUnity.
- EURAU is 100% collateralized and targets cross-border settlements for financial institutions.
- Collaboration of DWS, Flow Traders, and Galaxy ensures compliance and institutional-grade transparency.
- Regulators see EURAU as a pivotal step towards a regulated digital financial system.
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TronWeekly
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216
Image Credit: TronWeekly
Limited capacity: Join the ranks of the 1% of the “rich” and earn $550,000, while most investors are still struggling with the volatility of ETFs
- The monthly net inflow of Bitcoin spot ETF has surpassed 9.8 billion US dollars, showing traditional capital's full acceptance of crypto assets.
- Top investors opt for Bow Miner over ETFs due to the challenges of traditional ETF investments such as market dependency, high entry thresholds, professional dependence, and hidden costs.
- Bow Miner cloud mining offers anti-volatility income, starting from $15 with multi-currency payment options, full AI custody, and 100% clean energy operation.
- Investors can choose from various contracts on Bow Miner for different investment amounts and contract periods to earn profits, making it an attractive option for both novices and institutions.
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TechBullion
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433
Image Credit: TechBullion
Top Cryptos to Buy Now: BlockDAG’s Airdrop Is Outshining TRX, HBAR & CRO
- Invest in top cryptos focusing on real user engagement and long-term value.
- BlockDAG leads with a hands-on airdrop approach, mobilizing millions via action-first participation.
- TRON, Hedera, and Cronos also offer practical use cases and community-driven growth models.
- BlockDAG shows the power of rewarding participation, with 2 million users shaping its ecosystem.
- Investors looking for user engagement-driven growth should keep an eye on BlockDAG.
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Newsbtc
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38
Image Credit: Newsbtc
The ‘MicroStrategy’ Of Ethereum Emerges: Tom Lee And Joe Lubin Raise $675M To Stack ETH
- Tom Lee and Joe Lubin are advancing their Ethereum treasuries, aiming to create the 'MicroStrategy' of Ethereum.
- BitMine announced a $250 million private placement to raise capital for acquiring ETH, with Tom Lee as Chairman of the Board.
- SharpLink Gaming, chaired by Joe Lubin, has increased its ETH holdings to $475 million, becoming a major Ethereum holder.
- Both companies plan to mirror Michael Saylor's strategy, with BitMine focusing on 'ETH per share' through staking, and SharpLink exploring DeFi strategies and potential leverage.
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TronWeekly
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Image Credit: TronWeekly
Binance Coin (BNB) Fails to Break $660 Despite $157 Billion BNB Chain Volume Surge
- Binance Coin struggles to maintain price above $660 despite a 0.69% increase to $656.66 in the last 24 hours.
- Technical indicators like RSI and MACD suggest weakening momentum, with failure to surpass $660 potentially leading to a pullback to $640.
- BNB Chain sees a surge in DEX volume to $157 billion in June, indicating strong network growth, but Binance Coin’s price lags behind.
- The discrepancy between BNB Chain’s performance and Binance Coin’s valuation raises concerns within the crypto community, with a need for a strong surge above $660 for a bullish trend.
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TheCryptoBasic
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176
Image Credit: TheCryptoBasic
BlackRock Bitcoin ETF Now Holds 696,874 BTC with All-Time High Value of $75B+
- BlackRock's iShares Bitcoin Trust now holds 696,874 BTC, valued at over $75.1 billion, marking an all-time high for the ETF.
- BlackRock is the largest holder of Bitcoin among ETFs, accounting for 3.318% of the total 21 million BTC supply.
- Comparatively, BlackRock holds over three times more Bitcoin than its closest rival, Fidelity, which holds 201,346 BTC.
- U.S. Bitcoin ETFs collectively hold 1.247 million BTC valued over $135 billion, with global ETFs increasing the total to 1.426 million BTC worth $153.86 billion.
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Bitcoinist
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252
Image Credit: Bitcoinist
Corporate Bitcoin Holdings Surge Past 3 Million BTC As Treasury Firms Multiply–Report
- Corporate Bitcoin holdings have surged past 3 million BTC, worth about $315 billion, with 199 entities now involved in holding Bitcoin.
- Major companies view crypto not just as a trading asset but as a long-term treasury play, as the total BTC holdings have more than doubled since the start of 2024.
- Strategy leads with 580,250 BTC worth about $60 billion, pioneering the concept of a pure-play treasury firm, setting a higher premium for its shares.
- Debt risks are a concern for companies heavily invested in Bitcoin, with potential challenges in refinancing during market downturns, despite the broader industry influence and entry of new players into the market.
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TronWeekly
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216
Image Credit: TronWeekly
PENGU Token Rockets 47% Amid NFT Market Surge and Growing Institutional Backing
- PENGU Token, associated with Pudgy Penguins, surged by 47% in the past week, adding $300 million to its market capitalization, despite crypto market fluctuations.
- Whale investors acquired nearly 240 million PENGU tokens, demonstrating growing optimism among experienced market players.
- Pudgy Penguins NFT volume rose by 191% amidst a 33.8% increase in the overall NFT market, driven by the upcoming mobile game 'Pudgy Party' to broaden the project's ecosystem.
- Analysts anticipate a breakout for PENGU above $0.017, with bullish upside targets reaching as high as $0.1774, drawing parallels to past meme coin success.
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TheNewsCrypto
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185
The Role of Stablecoins in Illicit Activities
- Stablecoins facilitate illicit transactions due to price stability, speed, and blockchain acceptance.
- Regulators worldwide are enforcing rules to increase transparency and monitor stablecoin use.
- Originating in 2014, stablecoins combine fiat value with blockchain technology for various uses.
- Illicit activities involving stablecoins include money laundering, sanctions evasion, and ransomware payments.
- Mitigating misuse requires regulatory oversight, issuer control, international cooperation, and CBDCs support.
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Medium
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141
Image Credit: Medium
How I Automated My Crypto Profits with 3Commas Bots — and You Can Too!
- 3Commas offers automation tools like smart DCA bots and grid bots to automate crypto trades on major exchanges.
- Users can monitor trades 24/7 through desktop and mobile dashboards, with affordable PRO plans available.
- The platform also provides an affiliate program with commissions and bonuses for referrals, making it lucrative for users.
- Steps to automate crypto trading with 3Commas include creating an affiliate link, connecting exchange APIs, choosing bot type, adjusting settings, and launching bots for automated trading.
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Livebitcoinnews
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150
Image Credit: Livebitcoinnews
Here’s Why You Might Be Wrong To Predict A $3 Rally For XRP, Despite 89% ETF Approval Odds
- XRP is currently range-bound between $2.00 and $2.35, with $2.35 acting as strong technical resistance.
- Despite high odds of an XRP ETF approval, a rally towards $3 could be challenging.
- A clear break above $2.35 is crucial for XRP to target $2.65, while a drop below $2.00 could lead to a decline towards $1.61.
- The XRP ETF speculation is causing optimism, but technical resistance at $2.35 remains a key hurdle for any potential rally.
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