Author: Benjamin Lee
The influential financial advisor who wrote the 2021 book “The Truth about Crypto” is reportedly increasing his recommended investment allocation for crypto. CNBC reports that Ric Edelman, who previously said that allocating as much as 1% to crypto was reasonable, is now saying that financial advisors should recommend allocating between 10% and 40% to digital assets. Says Edelman in an interview with CNBC’s Crypto World, “Today I am saying 40%, that’s astonishing. No one has ever said such a thing.” The founder of the Digital Assets Council of Financial Professionals is now more bullish on crypto assets amid the massive…
A crypto analyst gaining traction for timely Bitcoin calls is outlining a scenario where BTC breaks free from sideways trading and surges to new all-time highs. Pseudonymous analyst Credible tells his 468,700 followers on the social media platform X that Bitcoin appears to be following an Elliott Wave (EW) pattern where BTC consolidates in the next few weeks before igniting a breakout rally toward the end of July. Elliott Wave theory is an advanced form of technical analysis that seeks to forecast future price movements by tracking crowd psychology, which often unfolds in recurring wave patterns. Says Credible, “BTC holding…
A closely followed crypto analyst is predicting a historic rally for altcoin markets based on an unprecedented technical setup. The pseudonymous analyst known as TechDev shares a chart with his 532,000 followers on the social media platform X showing the price action of TOTAL2 – which tracks the total market cap of crypto assets excluding Bitcoin (BTC) and stablecoins – with a Bollinger Band indicator. Bollinger Bands are a technical analysis tool used to assess price volatility and identify potential breakout or mean-reversion opportunities. When the bands are close together, it suggests that volatility is historically low and the asset…
USDT supply on TRON has surpassed $80 billion, accounting for over 50% of circulating USDT. TRX price is currently at $0.27, but could rise to $0.44 in the short term amid bullish momentum. ETFs, partnerships, and network growth are likely catalysts for TRON price. TRON (TRX) price is down on the day, but the blockchain project is making headlines elsewhere as the supply of Tether’s USDT on its blockchain has surpassed $80 billion. The native Tron token TRX traded at $0.27 on Friday, June 27, with CoinMarketCap showing the price was down under 1%. Intraday highs for the altcoin range…
The banking titan JPMorgan is piloting a US dollar-backed permissioned deposit token on the Ethereum (ETH) layer-2 scaling solution built by the American crypto exchange Coinbase. In a statement, Coinbase says that JPMorgan is launching the token called JMPD on Base through its blockchain business unit Kinexys. “These are USD-denominated and backed 1:1 by deposits—combining the programmability of on-chain finance with the trust and compliance that regulated financial institutions require.” JPMorgan is launching the token to take advantage of global on-chain payment rails. The financial behemoth is joining over 200 banks, brokers, fintechs and payment providers that tap on the…
A US judge doesn’t think Ripple should get to walk back the civil penalty from its XRP lawsuit just because the new leadership regime at the U.S. Securities and Exchange Commission (SEC) now sides with the payments firm. Ripple and the SEC first filed a joint request in May for an “indicative ruling” to see whether District Judge Analisa Torres would be open to vacating the firm’s previously assigned $125 million civil penalty and reducing it to $50 million. Indicative rulings can be filed when a previous judgment is pending with an appeals court, but parties want to see if…
Euler Finance price up 27% in 24 hours as daily volume spikes 236%. Bulls could eye a new all-time high, with EUL price currently hitting $11. Gains have come amid a surge in EulerSwap volume. Euler (EUL), the native token of the Euler Finance ecosystem, has risen by 27% within the past 24 hours. This uptick coincides with an explosive increase in trading volume on EulerSwap, the platform’s decentralized exchange, which has recorded a cumulative volume of $230 million in just three weeks despite remaining in beta. Notably, EUL’s gains see it hover above $11 and bulls could have their…
An artificial intelligence (AI)-based altcoin is faltering after gaining support from the world’s largest crypto exchange platform by trading volume. In a new announcement, Binance says that it is adding support for Sahara AI (SAHARA), a decentralized AI platform that enables users to develop and monetize AI models, datasets and applications. “Binance is excited to announce that Sahara AI will be added to Binance Simple Earn, ‘Buy Crypto,’ Binance Convert, Binance Margin, and Binance Futures.” News of the addition had a negative impact on the price of SAHARA, as the digital asset went from a peak of $0.141 earlier today…
A widely followed analyst and trader who accurately predicted the Bitcoin (BTC) bottom in 2018 is highlighting one crypto asset that could go up by triple-digit percentage points. The trader pseudonymously known as Bluntz tells his 321,100 followers on the social media platform X that dogwifhat (WIF), a memecoin built in the Solana (SOL) ecosystem, could go up by about 472% to reclaim and surpass the all-time high recorded in March of 2024. “Still a lot of work to put in and need to see price action confirm, but I think there’s a very real chance a new impulse back…
A widely followed crypto analyst says that Bitcoin (BTC) surging to a new all-time high (ATH) is still a very real scenario. In a new thread, crypto trader Michaël van de Poppe tells his 792,000 followers on the social media platform X that the top crypto asset by market cap looks poised to hit a new ATH by the end of next month, also noting that he expects BTC to dip before skyrocketing. “Bitcoin continues to push upwards and break the all-time high. I still think we’ll have a slight consolidation before the big breakout happens, which means that an…