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1Bitget Daily Digest (May 8)｜Fed Holds Rates Steady for the Third Time, Trump Says He Will Announce Big News Today2Bitcoin’s Bullish Momentum: Could $100K Be Reached Within the Next 14 Days?3Bitwise Seeks NEAR ETF Approval: Token’s Trading Volume Soars 50%, $3 Next?
One-week token unlock: 14 projects unlocked $287 million worth of tokens
Odaily·2024/12/08 14:12
Ethereum On-Chain Data Warns of Brief ETH Decline Amid Falling Network Activity
With a decline in user engagement and rising selling pressure, Ethereum could face a brief price correction after hitting $4,000.
BeInCrypto·2024/12/08 13:30
Why DOGEN Outperforms Popular Meme Coins Like PEPE and SHIB This Year
Ethnews·2024/12/08 13:00
Christmas Rally Picks: CATZILLA, SHIB, and STRUMP Are Ready for 20,000% Returns!
Ethnews·2024/12/08 13:00
Shiba Inu’s New Encryption Step Enhances User Privacy in Expanding Shibarium
Shiba Inu’s ecosystem is adopting Zama’s Fully Homomorphic Encryption to enhance privacy and maintain verifiable transparency on the blockchain.
BeInCrypto·2024/12/08 12:00
Is Cardano (ADA) in Danger of Being Overvalued? Key Indicators Raise Concerns
Cardano’s recent surge may face a correction, as metrics like MVRV and NVT hint at overvaluation. Volatility signals massive price swings.
BeInCrypto·2024/12/08 10:30
Flash
- 14:06Bitwise added to iCapital Marketplace platform, expanding cryptocurrency investment opportunitiesAccording to official news, cryptocurrency asset management company Bitwise Asset Management announced a partnership with fintech platform iCapital. This collaboration aims to add Bitwise to the iCapital Marketplace platform. Users of iCapital Marketplace can now access Bitwise's active cryptocurrency strategies, which are designed to capitalize on opportunities in the crypto space. It is reported that iCapital Marketplace provides a fully digital investment platform, connecting over 100,000 financial professionals with a wide range of alternative investment opportunities offered by the world's largest asset management companies.
- 14:06Standard Chartered Analyst Admits Previous Prediction of Bitcoin Reaching $120,000 in Q2 "May Be Too Low"According to CNBC, Geoffrey Kendrick, Head of Digital Asset Research at Standard Chartered Bank, has revised his Bitcoin price forecast, admitting that the previously set target price of $120,000 for the second quarter "may be too low." This analyst accurately predicted the Bitcoin rally for 2024 last year. Kendrick stated that recent market dynamics indicate that institutional funds are continuously flowing into the Bitcoin market through various channels. Over the past three weeks, the net inflow of U.S. spot Bitcoin ETFs reached $5.3 billion. He specifically mentioned several key signals: MicroStrategy's continued accumulation of Bitcoin, Abu Dhabi's sovereign wealth fund holding BlackRock's Bitcoin ETF, and the Swiss National Bank investing in MicroStrategy stock. Kendrick maintains his year-end target price of $200,000, believing that the upward trend may continue through the summer. He pointed out that the market drivers for Bitcoin have shifted from "risk asset correlation" to "capital flow dominance," a structural change that provides greater upside potential for the price.
- 14:05Report: 98.6% of Tokens on Pump.fun Platform Classified as "Rug Pull" or "Pump and Dump" ScamsAccording to CoinDesk, a report by blockchain security company Solidus Labs reveals rampant fraudulent activities on the Solana blockchain, with the Pump.fun platform being a major hotspot. The report indicates that 98.6% of the tokens issued on this platform are classified as "Rug Pull" or "pump and dump" scams. Since the establishment of the Pump.fun platform in January 2024, over 7 million tokens have been issued, but only 97,000 tokens have maintained liquidity of at least $1,000. Pump.fun has become a breeding ground for fraudsters due to its low-cost token issuance feature. Several major "Rug Pull" incidents have occurred this year, with cases related to MToken involving amounts up to $1.9 million. On the decentralized exchange Raydium, the phenomenon of "soft Rug Pull" is prevalent, with 93% of liquidity pools exhibiting slow withdrawal characteristics, with a median loss of $2,800 per incident. The meme coin sector is also rife with chaos, as tokens TRUMP and MELANIA, once promoted by the Trump couple, have plummeted by 87%-97%, while insider traders have profited over $100 million.