Cathie Wood Sees Bitcoin and Ethereum Coming Out of the Current Market Crisis Stronger
Cathie Wood, CEO of US-based investment management firm Ark Invest sees public blockchains like Bitcoin and Ethereum coming out ahead after the ongoing market crisis subsides.
In a letter dubbed “What The Market Overlooked in 2022”, sent to clients on Jan 12, Wood highlighted the breakthrough technologies that are already transforming the world, praising blockchain and digital wallets.
The crypto sector has faced various headwinds since Terra collapsed in mid-2021. More than six leading crypto firms have folded since then, with some like Voyager and BlockFi filing for chapter 11 bankruptcy. The collapse of FTX two months ago dealt a further blow to the sector, destroying billions of US dollars worth of user assets and threatening the future of more crypto firms.
Cathie Wood, CEO of US-based investment management firm Ark Invest sees public blockchains like Bitcoin and Ethereum coming out ahead after the ongoing market crisis subsides.
In a letter dubbed “What The Market Overlooked in 2022”, sent to clients on Jan 12, Wood highlighted the breakthrough technologies that are already transforming the world, praising blockchain and digital wallets.
The crypto sector has faced various headwinds since Terra collapsed in mid-2021. More than six leading crypto firms have folded since then, with some like Voyager and BlockFi filing for chapter 11 bankruptcy. The collapse of FTX two months ago dealt a further blow to the sector, destroying billions of US dollars worth of user assets and threatening the future of more crypto firms.
Crypto Market Slides as Total Value Locked in Defi Falls Below $50 Billion Mark
The value of the crypto market has started to slide again after a bullish run-up over the last seven weeks. The total value locked (TVL) in decentralized finance (defi) has slipped below the $50 billion mark to $49.8 billion. The TVL in defi has fallen by 2.24% over the last 24 hours. During that same timeframe, the top smart contract token economy lost 3.7% against the U.S. dollar.
Smart Contract Token Economy and Value Locked in Defi DipCryptocurrency prices are down this weekend, affecting the values of smart contract tokens and the total value locked in defi. At the time of writing, the smart contract token economy is valued at $326.11 billion, but has dropped 3.7% during the last day. Over the last week, ethereum (ETH) has lost 5.6% against the greenback, and polygon (MATIC) has dropped 17.6% in value.
Currently, the TVL in defi today is $49.8 billion, with 18.03% of that value residing in the Lido liquid staking protocol. The value locked in Lido today is around $8.75 billion, up 8.43% over the last month. Makerdao, Curve, Aave, Convex Finance, Uniswap, Justlend, Pancakeswap, Instadapp, and Compound Finance follow Lido in order. Besides Lido’s 8.43% rise, Uniswap had the second-largest 30-day increase with 6.43%.
The value of the crypto market has started to slide again after a bullish run-up over the last seven weeks. The total value locked (TVL) in decentralized finance (defi) has slipped below the $50 billion mark to $49.8 billion. The TVL in defi has fallen by 2.24% over the last 24 hours. During that same timeframe, the top smart contract token economy lost 3.7% against the U.S. dollar.
Smart Contract Token Economy and Value Locked in Defi DipCryptocurrency prices are down this weekend, affecting the values of smart contract tokens and the total value locked in defi. At the time of writing, the smart contract token economy is valued at $326.11 billion, but has dropped 3.7% during the last day. Over the last week, ethereum (ETH) has lost 5.6% against the greenback, and polygon (MATIC) has dropped 17.6% in value.
Currently, the TVL in defi today is $49.8 billion, with 18.03% of that value residing in the Lido liquid staking protocol. The value locked in Lido today is around $8.75 billion, up 8.43% over the last month. Makerdao, Curve, Aave, Convex Finance, Uniswap, Justlend, Pancakeswap, Instadapp, and Compound Finance follow Lido in order. Besides Lido’s 8.43% rise, Uniswap had the second-largest 30-day increase with 6.43%.
Popular Trader Still ‘Cautiously Bearish’ on Crypto, Dives Deep Into Sideways-Trading Ethereum (ETH)
A widely followed crypto analyst says he is still “cautiously bearish” on the crypto markets as long as Bitcoin (BTC) remains below $29,000.
Looking at Ethereum (ETH), trader Justin Bennett says the leading smart contract platform could quickly and briefly pump to nearly $1,900.
A widely followed crypto analyst says he is still “cautiously bearish” on the crypto markets as long as Bitcoin (BTC) remains below $29,000.
Looking at Ethereum (ETH), trader Justin Bennett says the leading smart contract platform could quickly and briefly pump to nearly $1,900.
The owner of this channel has been inactive for the last 11 months. If they remain inactive for the next 29 days, they may lose their account and admin rights in this channel. The channel will remain accessible for all users.
The owner of this channel has been inactive for the last 11 months. If they remain inactive for the next 18 days, they may lose their account and admin rights in this channel. The channel will remain accessible for all users.
PayPal Announces New Venmo Crypto Transfer Feature Starting May 2023
Summary:
Venmo users in America will be able to send out crypto transactions to other users, on-chain wallets, and hardware wallets, PayPal’s digital currency general manager Jose Fernandez da Ponte said on Friday.PayPal, which acquired Venmo in 2013, released a similar feature for its users last year around June.Over 60 million users in America can expect the feature to roll out by May 2023, da Ponte noted today while speaking on a Consensus panel in Austin, Texas.Paypal, Venmo’s parent company, said on Friday at Consensus 2023, that cryptocurrency users will be able to make digital coin transfers to third-party wallets very soon. The four accepted cryptocurrencies on Venmo are Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
PayPal Activates More Crypto Channels On VenmoAccording to the news shared today in Austin Texas, it will be available in the coming weeks starting in May 2023 and clients will be able to send cryptos to family and friends on the Venmo platform and other wallets in the crypto world. A similar feature has been available on Paypal since June 2022.
No matter where you are in your cryptocurrency journey, crypto on Venmo will help our community to learn ad explore cryptocurrencies on a trusted platform and directly in the app they know and love. Our goal is to provide our customers with an easy-to-use platform that simplifies the process of buying and selling cryptocurrencies and demystifies some of the common questions and misconceptions that consumers may have.
Summary:
Venmo users in America will be able to send out crypto transactions to other users, on-chain wallets, and hardware wallets, PayPal’s digital currency general manager Jose Fernandez da Ponte said on Friday.PayPal, which acquired Venmo in 2013, released a similar feature for its users last year around June.Over 60 million users in America can expect the feature to roll out by May 2023, da Ponte noted today while speaking on a Consensus panel in Austin, Texas.Paypal, Venmo’s parent company, said on Friday at Consensus 2023, that cryptocurrency users will be able to make digital coin transfers to third-party wallets very soon. The four accepted cryptocurrencies on Venmo are Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
PayPal Activates More Crypto Channels On VenmoAccording to the news shared today in Austin Texas, it will be available in the coming weeks starting in May 2023 and clients will be able to send cryptos to family and friends on the Venmo platform and other wallets in the crypto world. A similar feature has been available on Paypal since June 2022.
No matter where you are in your cryptocurrency journey, crypto on Venmo will help our community to learn ad explore cryptocurrencies on a trusted platform and directly in the app they know and love. Our goal is to provide our customers with an easy-to-use platform that simplifies the process of buying and selling cryptocurrencies and demystifies some of the common questions and misconceptions that consumers may have.
Renowned Investor Jim Rogers Expects Worst Bear Market in His Lifetime — Says ‘You Should Be Extremely Worried’
Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, says he expects the next bear market to be the worst in his lifetime. “You should be extremely worried. If you’re not, you don’t know what’s going on,” he stressed, adding that there will be trouble in all markets.
Jim Rogers on US Debt Crisis, Worst Bear Market, and the US Dollar Losing DominanceVeteran investor Jim Rogers reiterated his warnings about the biggest market downturn and the U.S. dollar losing its global reserve currency status during an interview with Real Vision last week. Rogers is George Soros’ former business partner who co-founded the Quantum Fund and Soros Fund Management. He cautioned:
The next bear market will be the worst in my lifetime, because the debt has gone up by such staggering amounts in the past 14 years.
Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, says he expects the next bear market to be the worst in his lifetime. “You should be extremely worried. If you’re not, you don’t know what’s going on,” he stressed, adding that there will be trouble in all markets.
Jim Rogers on US Debt Crisis, Worst Bear Market, and the US Dollar Losing DominanceVeteran investor Jim Rogers reiterated his warnings about the biggest market downturn and the U.S. dollar losing its global reserve currency status during an interview with Real Vision last week. Rogers is George Soros’ former business partner who co-founded the Quantum Fund and Soros Fund Management. He cautioned:
The next bear market will be the worst in my lifetime, because the debt has gone up by such staggering amounts in the past 14 years.
Fuck memecoins, says PSYCHO. Yep, you heard that right. Here's why it got our attention:
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
Xi Jinping, Vladimir Putin Push for Increased Settlements in National Currencies
Chinese President Xi Jinping and Russian President Vladimir Putin have pushed for the increased use of national currencies in mutual settlements as more countries shift away from the U.S. dollar. “I consider it essential to increase the share of settlements in national currencies” within the Shanghai Cooperation Organisation, said Xi at Tuesday’s SCO summit. Meanwhile, Putin shared that more than 80 percent of commercial transactions between Russia and China are carried out in Russian rubles and Chinese yuan.
Putin: Use of National Currencies in Settlements Is ExpandingChinese President Xi Jinping and Russian President Vladimir Putin took part in a virtual summit of the Shanghai Cooperation Organisation’s (SCO) Heads of State Council on Tuesday. Indian Prime Minister Narendra Modi chaired the meeting. It was also attended by Kazakhstan’s President Kassym-Jomart Tokayev, Kyrgyzstan’s President Sadyr Japarov, Pakistan’s Prime Minister Shehbaz Sharif, Tajikistan’s President Emomali Rahmon, Uzbekistan’s President Shavkat Mirziyoyev, and Iran’s President Ebrahim Raisi.
“
Chinese President Xi Jinping and Russian President Vladimir Putin have pushed for the increased use of national currencies in mutual settlements as more countries shift away from the U.S. dollar. “I consider it essential to increase the share of settlements in national currencies” within the Shanghai Cooperation Organisation, said Xi at Tuesday’s SCO summit. Meanwhile, Putin shared that more than 80 percent of commercial transactions between Russia and China are carried out in Russian rubles and Chinese yuan.
Putin: Use of National Currencies in Settlements Is ExpandingChinese President Xi Jinping and Russian President Vladimir Putin took part in a virtual summit of the Shanghai Cooperation Organisation’s (SCO) Heads of State Council on Tuesday. Indian Prime Minister Narendra Modi chaired the meeting. It was also attended by Kazakhstan’s President Kassym-Jomart Tokayev, Kyrgyzstan’s President Sadyr Japarov, Pakistan’s Prime Minister Shehbaz Sharif, Tajikistan’s President Emomali Rahmon, Uzbekistan’s President Shavkat Mirziyoyev, and Iran’s President Ebrahim Raisi.
“
Chen Zhuling: Blockchain Will Be Bigger Than Ever
Chen Zhuling – founder and CEO of Rock X – is confident blockchain is going to reach new levels of usage and popularity in the coming months.
Chen Zhuling on Blockchain’s FutureIn a recent interview, he stated:
The attraction of leading technology developers to the blockchain industry represents a broadening recognition of blockchain as more than just a financial instrument. It is a foundation for the new digital frontier. Blockchain is akin to a new-age internet, being increasingly utilized as a robust, decentralized platform for innovation. This evolution is still nascent, predominantly scrutinized through a financial lens by regulators. As the industry matures and regulations broaden to embrace the technological potential of blockchain, we will see a global surge in blockchain-enabled innovations.
Chen Zhuling – founder and CEO of Rock X – is confident blockchain is going to reach new levels of usage and popularity in the coming months.
Chen Zhuling on Blockchain’s FutureIn a recent interview, he stated:
The attraction of leading technology developers to the blockchain industry represents a broadening recognition of blockchain as more than just a financial instrument. It is a foundation for the new digital frontier. Blockchain is akin to a new-age internet, being increasingly utilized as a robust, decentralized platform for innovation. This evolution is still nascent, predominantly scrutinized through a financial lens by regulators. As the industry matures and regulations broaden to embrace the technological potential of blockchain, we will see a global surge in blockchain-enabled innovations.
DeFi Platform Curve Offering $1,850,000 Bounty for Identity of Hacker
Curve (CRV) is putting up a bounty to smoke out the hacker who drained the decentralized finance (DeFi) platform of tens of millions of dollars in crypto assets over a week ago.
In a note posted on the Ethereum (ETH) blockchain explorer Etherscan, Curve says that it is now offering a $1.85 million bounty to anyone who would provide information identifying the exploiter following the lapse of an amnesty period.
Curve (CRV) is putting up a bounty to smoke out the hacker who drained the decentralized finance (DeFi) platform of tens of millions of dollars in crypto assets over a week ago.
In a note posted on the Ethereum (ETH) blockchain explorer Etherscan, Curve says that it is now offering a $1.85 million bounty to anyone who would provide information identifying the exploiter following the lapse of an amnesty period.
FTX Holds $560,000,000 in Bitcoin and $1,162,000,000 in Solana, Court Documents Reveal
Court documents reveal that the bankrupt crypto exchange FTX is still holding over $3 billion in assets as August 31.
As shared on the social media platform X by crypto reporter Colin Wu, on August 31, 2023, FTX was still holding almost $2 billion in Solana (SOL), Bitcoin (BTC), and Ethereum (ETH) alone.
Court documents reveal that the bankrupt crypto exchange FTX is still holding over $3 billion in assets as August 31.
As shared on the social media platform X by crypto reporter Colin Wu, on August 31, 2023, FTX was still holding almost $2 billion in Solana (SOL), Bitcoin (BTC), and Ethereum (ETH) alone.
Ethereum-Based Altcoin Looking Excellent As It Gears Up for Big Breakout, According to Crypto Analyst
A popular crypto analyst says that one Ethereum (ETH)-based altcoin is looking ready for a big burst to the upside.
The pseudonymous trader known as Altcoin Sherpa tells his 196,000 followers on social media platform X that the decentralized oracle service Chainlink (LINK) is one of the strongest projects in the industry with the altcoin breaking out from its multi-month accumulation phase.
A popular crypto analyst says that one Ethereum (ETH)-based altcoin is looking ready for a big burst to the upside.
The pseudonymous trader known as Altcoin Sherpa tells his 196,000 followers on social media platform X that the decentralized oracle service Chainlink (LINK) is one of the strongest projects in the industry with the altcoin breaking out from its multi-month accumulation phase.
Bitcoin Miner Antpool Offers To Reimburse Affected User The Enormous $3 Million Transaction Fee
Cryptocurrency mining pool Antpool has said it will refund a record $3 million transaction fee mistakenly paid for a single transaction last week, once the affected user provides the necessary identification information.
In a Nov.30 announcement, AntPool indicated that its risk control system “temporarily froze the fee when packaging the transaction,” and requested the user to verify their identity before December 10.
Cryptocurrency mining pool Antpool has said it will refund a record $3 million transaction fee mistakenly paid for a single transaction last week, once the affected user provides the necessary identification information.
In a Nov.30 announcement, AntPool indicated that its risk control system “temporarily froze the fee when packaging the transaction,” and requested the user to verify their identity before December 10.
Blockchain Association Responds to Elizabeth Warren, Says Crypto Can Disrupt ‘Too Big To Fail’ Banks
Crypto advocacy group Blockchain Association has responded to a letter from Elizabeth Warren that the Senator wrote to the group in December, alleging that the digital assets industry was trying to undermine the government by recruiting former US lawmakers and officials.
In December, Warren referred to a Politico report that claimed that the Blockchain Association and other players of the industry were recruiting a “small army” of officials to circumvent the Biden Administration’s efforts to address perceived problems with the crypto space.
Crypto advocacy group Blockchain Association has responded to a letter from Elizabeth Warren that the Senator wrote to the group in December, alleging that the digital assets industry was trying to undermine the government by recruiting former US lawmakers and officials.
In December, Warren referred to a Politico report that claimed that the Blockchain Association and other players of the industry were recruiting a “small army” of officials to circumvent the Biden Administration’s efforts to address perceived problems with the crypto space.
XRP Accumulation Spree Signals $22 Price As Ripple Renews Optimism in the U.S. Market
As bullish momentum continues to engulf the crypto market, entry and exit points are proving essential.
As a result, leading analyst EGRAG CRYPTO has identified crucial zones that could present ideal buying opportunities based on the Symmetrical Triangle pattern.
Taking on X, formerly Twitter, the analyst pointed out, “As long as XRP maintains its Symmetrical Triangle Formation, consider these dips as buying opportunities.”
As bullish momentum continues to engulf the crypto market, entry and exit points are proving essential.
As a result, leading analyst EGRAG CRYPTO has identified crucial zones that could present ideal buying opportunities based on the Symmetrical Triangle pattern.
Taking on X, formerly Twitter, the analyst pointed out, “As long as XRP maintains its Symmetrical Triangle Formation, consider these dips as buying opportunities.”
Ethereum Whistleblower Claims China’s Massive ETH Holdings ‘Jeopardize’ Whole Crypto Market
Crypto expert and former Ethereum advisor Steven Nerayoff has raised concerns about the degree of Chinese influence and control in the Ethereum ecosystem. Nerayoff argues that the outsized control of tokens by the Chinese Communist Party poses a significant threat to the entire cryptocurrency sector.
China’s Deep Ties With Ethereum Steven Nerayoff has highlighted the deep involvement of the Chinese Communist Party (CCP) in the Ethereum network.
In a post on X, Nerayoff argued that crypto fans are ignoring a glaring pattern with the CPP and ether’s deep-seated vulnerabilities. The former Ethereum executive revealed that the Chinese Communist Party’s “stake in Ethereum jeopardizes the entire crypto world”.
Crypto expert and former Ethereum advisor Steven Nerayoff has raised concerns about the degree of Chinese influence and control in the Ethereum ecosystem. Nerayoff argues that the outsized control of tokens by the Chinese Communist Party poses a significant threat to the entire cryptocurrency sector.
China’s Deep Ties With Ethereum Steven Nerayoff has highlighted the deep involvement of the Chinese Communist Party (CCP) in the Ethereum network.
In a post on X, Nerayoff argued that crypto fans are ignoring a glaring pattern with the CPP and ether’s deep-seated vulnerabilities. The former Ethereum executive revealed that the Chinese Communist Party’s “stake in Ethereum jeopardizes the entire crypto world”.
Bitgert Coin Gains Traction and Is Named as March 2024’s Trending Crypto
In 2024, Bitgert Coin (BRISE) will emerge as a new star in the cryptocurrency world. With a price increase of over 80% in the last month alone, this highly anticipated coin has captivated the interest and imagination of the market like few others. Bitgert has emerged as the trending cryptocurrency for March, generating a lot of talk and a growing cult-like following.
Bitgert’s Quick Ascent
Bitgert’s price, at a mere $0.0000002633 per token, belies its immense potential. With a market capitalization of only $104 million, this rocket ship is just getting ready for takeoff. Bitgert’s $2.48 million 24-hour volume, which is expanding quickly, can potentially explode in value.
In 2024, Bitgert Coin (BRISE) will emerge as a new star in the cryptocurrency world. With a price increase of over 80% in the last month alone, this highly anticipated coin has captivated the interest and imagination of the market like few others. Bitgert has emerged as the trending cryptocurrency for March, generating a lot of talk and a growing cult-like following.
Bitgert’s Quick Ascent
Bitgert’s price, at a mere $0.0000002633 per token, belies its immense potential. With a market capitalization of only $104 million, this rocket ship is just getting ready for takeoff. Bitgert’s $2.48 million 24-hour volume, which is expanding quickly, can potentially explode in value.
New Viral Solana-based Memecoin Stooges Debuts $STOG Presale
Stooges, a community-driven memecoin on Solana, has exciting news to share! They have just announced the highly anticipated presale for $STOG coins, which will be available starting May 10 on Pinksale. BitMart Exchange, a prominent CEX, has officially announced the coin’s imminent listing, which is set to take place before its launch. After the announcement, the Stooges’ team saw increased interest from the cryptocurrency community. This was evident from the large number of users on X and Telegram eagerly anticipating the pre-sale.
Stooges, a community-driven memecoin on Solana, has exciting news to share! They have just announced the highly anticipated presale for $STOG coins, which will be available starting May 10 on Pinksale. BitMart Exchange, a prominent CEX, has officially announced the coin’s imminent listing, which is set to take place before its launch. After the announcement, the Stooges’ team saw increased interest from the cryptocurrency community. This was evident from the large number of users on X and Telegram eagerly anticipating the pre-sale.
Solana (SOL) Price Analysis: Recovery Could Face Many Hurdles
Solana price is trading in a bearish zone below $140 against the US Dollar, like Bitcoin. SOL could extend losses if it stays below the $145 resistance zone.
Solana (SOL) Price AnalysisSOL price started a fresh decline below the $150 support zone. The price gained bearish momentum below the $140 support zone. The bears were able to push the price below the $132 and $125 support levels.
The recent low was formed near $121 and the price is now consolidating losses. It seems like the price might attempt a recovery wave above the $125 level or the 23.6% Fib retracement level of the downward move from the $159.78 swing high to the $121.00 low.
Solana price is trading in a bearish zone below $140 against the US Dollar, like Bitcoin. SOL could extend losses if it stays below the $145 resistance zone.
Solana (SOL) Price AnalysisSOL price started a fresh decline below the $150 support zone. The price gained bearish momentum below the $140 support zone. The bears were able to push the price below the $132 and $125 support levels.
The recent low was formed near $121 and the price is now consolidating losses. It seems like the price might attempt a recovery wave above the $125 level or the 23.6% Fib retracement level of the downward move from the $159.78 swing high to the $121.00 low.