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Check out how high SHIB can spike in the following months (according to some popular analysts).
Rep. Wiley Nickel, a crypto-friendly lawmaker, seemed optimistic that the measure to overturn SAB 121 would pass the Senate this week, noting that it had previously passed the House with bipartisan support. Earlier in the day, Nickel penned a letter to Gensler, calling on him to withdraw SAB 121.
Bitwise CIO Matt Hougan said bitcoin allocations revealed in recent 13F filings with the SEC are just a “down payment.”About six months after an initial allocation, Hougan said he’d expect allocations to rise to 1-5% of professional investor portfolios on average.
Van Buren Capital General Partner Scott Johnsson unearthed an overlooked detail in a March spot Ethereum ETF filing on Tuesday. Analysts suggested the filing showed the SEC is potentially considering ETH a security in likely spot ETF denials this month.
Bitcoin rallied alongside stocks following cooler U.S. inflation data for April.The largest digital asset by market cap increased 3% in the past 24 hours.
MicroStrategy, whose bitcoin holdings are currently valued at $13.5 billion, will be added to the MSCI World Index, effective May 31.The addition follows a surge in the price of MicroStrategy’s stock — which up more than 87% year-to-date.
- 10:53A certain address has transferred about 800,000 $OM to CEX, valued at 5.952 million US dollarsPANews reported on February 15th, blockchain data shows that about 6 minutes ago, a certain address transferred 800,100 $OM to CEX, valued at $5,952,744.
- 09:46Market News: Trump may consider revaluing gold reservesOn February 15, Bloomberg macro strategist Simon White wrote that gold and silver are flowing into U.S. warehouses at a rate unseen since the pandemic began. The hoarding by emerging market central banks over the years may have caused a shortage of physical metals in Western countries. However, another less likely theory is that the United States is preparing to revalue its gold reserves. Recently, large amounts of gold and silver have been pouring into the warehouses of the New York Commodity Exchange (Comex), leading to speculation that the U.S. is about to revalue its vast gold stocks according to market prices (currently close to $3,000). The U.S. government's gold reserves are currently accounted for at a historical price of $42 per ounce, while current market prices are nearing $3,000 per ounce - this huge valuation gap has sparked speculation on Wall Street and beyond. Under Trump's administration known for stirring things up, such speculation cannot be completely ruled out.
- 09:41Today's Fear and Greed Index has risen to 50, the level remains neutralPANews reported on February 15th, according to Alternative data, the Fear and Greed Index rose to 50 today (it was 48 yesterday), maintaining a neutral level. Note: The Fear Index threshold is 0-100, including indicators: Volatility (25%) + Market Trading Volume (25%) + Social Media Heat (15%) + Market Survey (15%) + Bitcoin's Proportion in the Entire Market (10%) + Google Hot Word Analysis (10%).