His commentary touched on the zkSnacks shutdown, free speech, and the proper treatment of farm animals.
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Hong Kong Police Arrest Three in HK$5.1 Million Virtual Investment Talk Show Ticket Scam
Hong Kong police have arrested three individuals linked to a fraud syndicate that allegedly defrauded at least 10 residents out of HK$5.1 million (US$653,900) by deceiving the victims into bidding for fake tickets to a virtual investment talk show with the intention of reselling them for a profit. The post Hong Kong Police Arrest Three in HK$5.1 Million Virtual Investment Talk Show Ticket Scam appeared first on Cryptonews .
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Embrace Privacy and Earn up to 150% APY With wZANO-USDT
Bitcoin.com’s decentralized exchange, Verse DEX, has launched the second wZANO-USDT farm, offering an impressive APY of up to 150%. For full details, including instructions, head over here. This initiative is the continuation of the integration of the privacy-focused ZANO token into the broader Bitcoin.com ecosystem, an essential development for crypto enthusiasts valuing both high yields
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DOGE To The Moon: Dogecoin Beats Out Cardano And XRP In This Major Metric
Dogecoin (DOGE) has come out on top over Cardano and XRP following a recent development highlighting each token’s growth. This could reflect positively on the meme coin’s price soon enough, given how much crypto users look to be invested in the crypto token. Dogecoin Experiences The Second-Largest Network Growth Data from the market intelligence platform
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Bitcoin Analyst Says The BTC Leg Up Is Halfway: Next Stop $74,000?
Bitcoin is firm, recently trending above $71,200 and easing past local resistance levels, much to the delight of holders. However, the current leg up is just the beginning for Willy Woo, an on-chain analyst. Bitcoin Rally Getting Started: Analyst Taking to X, Woo, who has been maintaining a bullish outlook for the world’s most valuable coin, boldly asserts that the current Bitcoin rally is only halfway through its welcomed bullish journey. Sharing a chart, the on-chain analyst notes that the Bitcoin VWAP oscillator just bottomed up from oversold territory and is now at the zero mark, which is midway. Though Woo is upbeat and expecting even more gains, the analyst didn’t specify when or at what level prices will peak. Related Reading: Shiba Inu Breaks Out Of Bull Flag Pattern-Like, Signaling Uptrend Even so, the analyst explained that a period of consolidation below the all-time high is necessary. Woo says this consolidation might allow users to accumulate before a “second leg” propels the Bitcoin to new heights. Looking at the Bitcoin daily chart, this “second leg” is expected to be a breakout moment that will lift the coin above March highs. At press time, Bitcoin is still in a bullish formation. The uptick above $68,000 and last week’s high were crucial for trend definition. Moreover, since the May 20 breakout bar is wide-ranging and has a high trading volume, the odds of trend continuation are high. If bulls follow through, confirming May 20 gains, BTC will likely break $73,800, aligning with Woo’s forecast. BTC Bull Run To Last 300 Days If There Is No Black Swan Event Besides Woo, another analyst says the Bitcoin uptrend is in full swing. Sharing a chart, the trader said that barring any unforeseen disruptions, such as the impact of a major exchange going bankrupt, it is highly likely that the current bull run will extend for another 300 days. This prediction is based on profit and loss analysis of short-term holders (STHs) with a 90-day moving average. Currently, the STH is moving lower but is relatively higher. Analysts use the STH to determine market sentiment from short-term price movements and trader speculations. Related Reading: Why Is The Ethereum Price Up 20% Today? As sentiment improves and prices recover, the pace at which the coin edges higher will depend on external factors. Besides the impact of the United States Federal Reserve and their monetary policy declaration, inflow to spot Bitcoin exchange-traded funds (ETFs) will be crucial. After a lull, demand is picking up, helping to propel bulls. Feature image from DALLE, chart from TradingView
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Venture Capital Investment Into Crypto Rises to $2,400,000,000 After Years of Decline: Report
Venture capital (VC) investment in crypto firms is reportedly on the rise following a slump of seven consecutive quarters. Citing data from private equity and venture capital deals information provider PitchBook, Reuters reports that VC investment in crypto companies rose by 41% quarter-on-quarter to reach a figure of $2.4 billion in the first three months The post Venture Capital Investment Into Crypto Rises to $2,400,000,000 After Years of Decline: Report appeared first on The Daily Hodl .
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Economist Alex Krüger Says ‘Base Case’ Is Ethereum at New All-Time Highs, Bitcoin Much Higher by Year End
Closely followed trader and economist Alex Krüger believes Ethereum (ETH) is headed to new all-time highs (ATHs) due to one key catalyst. Krüger tells his 175,400 followers on the social media platform X that a possible approval of a spot ETH exchange-traded fund (ETF) as early as this week could send the top altcoin soaring. The post Economist Alex Krüger Says ‘Base Case’ Is Ethereum at New All-Time Highs, Bitcoin Much Higher by Year End appeared first on The Daily Hodl .
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