The House’s “Crypto Week” Begins
BTC is booming on the back of anticipation for what a Congressional committee dubbed “Crypto Week,” where lawmakers are expected to debate and possibly vote on key cryptocurrency legislation. The week will primarily consider the CLARITY and GENUIS Acts. If good news arises, with some of the acts passing, it would be a watershed moment for the crypto industry as even more institutional money would begin to flow in. Read more →
ETH Hits 5-Month High Reclaiming $3,000
All eyes are on BTC (of course), but in case you haven’t noticed, ETH is also rallying. The price action comes as spot ETFs recorded their 2nd-highest daily inflows on Thursday, at $383 million, since their inception last year. The sudden move has caused more than $217 million in short positions to be liquidated in the last 24 hours. Read more →
PIPE Dreams
PIPE deals – private investment in public equity – are turbo charging the treasury company trend, but they can also bury retail investors under a tidal wave of new shares and selling pressure. New reports from both Unchained and Fugazi Research flag how Sharplink’s ~8,900% and Upexi’s ~2,700% share supply surge resulted in massive selloffs once insider shares unlocked and warns that stocks like Nakamoto, BitMine, and SRM Entertainment could be next in line. Read more →
Bitcoin just hit a new all-time high — but should you chase it?
While the bull market is exciting, Bitcoin’s gains have been shrinking with every bull market. In 2013, Bitcoin soared over 8,400%. In 2017, it rose 2,200%. In the last cycle, just 1,100%. So even if Bitcoin surges past $150,000 from here, the upside is limited. Then what’s the smarter play? Analyst Juan Villaverde has his eyes set on another smaller coin. Get the full story here →
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