As an experienced analyst in the crypto market, I’ve seen my fair share of token airdrops and their subsequent price reactions. The recent 21% drop in ZKsync’s token value following its airdrop comes as no surprise to me. The value of ZKsync’s tokens on the Ethereum layer-2 blockchain platform has seen a notable decrease of … Read more
As a researcher with a background in digital assets and experience tracking the Bitcoin exchange-traded fund (ETF) landscape, I find the recent trend of outflows from spot Bitcoin ETFs concerning. The data from Farside Investors indicates that last week alone, these funds recorded a staggering $580.6 million in net outflows, with major players like Fidelity … Read more
As an experienced financial analyst, I have witnessed many market cycles, and Bitcoin’s current price action is a reminder of the volatile nature of this asset class. The selling pressure on Bitcoin continues unabated, with even long-term holders taking profits off the table. This behavior is normal during bull markets, as we saw in 2017 … Read more
As an experienced financial analyst with a background in securities regulation and cryptocurrencies, I find the situation surrounding David Hirsch’s alleged joining of Pump.fun intriguing. Based on the available information, my initial opinion is that the news of Hirsch joining Pump.fun was likely a miscommunication or a sarcastic statement. David Hirsch, who previously led the … Read more
As a seasoned crypto investor with a keen interest in regulatory developments, I find Uphold’s decision to suspend support for certain stablecoins due to MiCA regulations both intriguing and concerning. Some Uphold users have received communications from the cloud-based multi-asset platform announcing their plan to discontinue support for Tether’s USDT and Gemini’s GUSD, along with … Read more