Cryptocurrency

Get the latest updates on cryptocurrencies like Bitcoin and Ethereum with The Meridian Times, your source for crypto news.

VanEck Forecasts Bitcoin Could Reach $2.9 Million by 2050: A Look at the Challenges and Opportunities

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Introduction VanEck, a prominent asset management firm known for its involvement in cryptocurrency ETFs, has made a bold prediction: Bitcoin (BTC) could potentially reach $2.9 million by 2050. This projection, while optimistic, hinges on overcoming several significant hurdles and navigating a complex landscape of economic, technological, and regulatory challenges. This detailed analysis explores the assumptions … Read more

EigenLayer Faces $2.3 Billion Outflow: Restaking Sector Sees a Significant Decline

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Introduction The restaking sector in cryptocurrency has recently experienced a notable downturn, marked by a significant outflow of funds. EigenLayer, a key player in this sector, has seen a substantial reduction in the total value locked (TVL), reflecting a broader trend of shifting investor interest and market dynamics. This article delves into the details of … Read more

Bitcoin and Stocks Plummet as China’s Rate Cuts Stir Panic and U.S. Treasury Yield Curve Steepens

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Introduction In recent days, global financial markets have faced significant turmoil driven by China’s unexpected interest rate cuts and growing concerns about economic instability. The ripple effects of these developments have been felt across various asset classes, including cryptocurrencies and equities. This comprehensive analysis delves into the details of these events, exploring their implications for … Read more

Bitcoin Plunges as U.S. Tech Sell-Off Impacts Crypto Market: A Deep Dive into Recent Market Movements

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Introduction The cryptocurrency market experienced significant turbulence early Thursday, as Bitcoin (BTC) plummeted from over $65,500 to around $64,100 within minutes of Asian trading hours. This sharp decline was part of a broader market reaction to a severe rout in U.S. technology stocks, which had a profound impact on risk assets, including cryptocurrencies. This article … Read more

Record Surge in CME Ether Futures Following Spot ETF Launch

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Introduction The cryptocurrency landscape has recently witnessed a remarkable development with the approval and subsequent trading of spot ether exchange-traded funds (ETFs) in the United States. This move has not only stirred significant market activity but also propelled the Chicago Mercantile Exchange’s (CME) ether futures to unprecedented levels. On Tuesday, the CME reported record-breaking figures … Read more

Trump’s Cryptocurrency Crusade: How the Former President Courts the Crypto Industry

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Trump’s Bold Promise at Bitcoin 2024 In a striking appeal to the cryptocurrency sector, former President Donald Trump made headlines at the Bitcoin 2024 event, a major cryptocurrency conference held in Nashville, Tennessee. Speaking before an enthusiastic audience of industry leaders and tech enthusiasts, Trump outlined his vision for the future of digital currencies if … Read more

Flowdesk’s Strategic Expansion in the U.S. Pays Off Amid Regulatory Shifts

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Flowdesk, a leading market maker in the cryptocurrency space, strategically expanded its operations in the United States during a challenging period for the industry. Despite regulatory hurdles, the company’s bold move is now reaping significant rewards as the U.S. market evolves with new opportunities such as Bitcoin and Ether ETFs and supportive legislation in progress. … Read more

Hong Kong Moves Forward with Stablecoin Legislation Following Public Consultation

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Introduction of Stablecoin Bill to Legislative Council Hong Kong authorities are set to introduce a bill on fiat-referenced stablecoins to the Legislative Council by the end of the year. The Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) have released the results of a public consultation, outlining their plans … Read more

Zodia Markets Acquires Elwood Trading Desk to Boost OTC Business

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Strengthening the Institutional Crypto Infrastructure Zodia Markets, a cryptocurrency trading firm backed by the venture arm of Standard Chartered, has announced the acquisition of the over-the-counter (OTC) trading division of Elwood Technologies. This strategic move confirms earlier reports that Elwood’s trading unit was up for sale, with negotiations underway. Following this acquisition, Elwood, which has … Read more

Sector Rotation in U.S. Stocks May Boost Cryptocurrency Market: Insights from Marex Solutions

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Shift from Mega-Cap to Small-Cap Stocks Signals Potential Growth for Cryptocurrencies Wall Street is experiencing a notable shift in investment trends as investors move away from mega-cap stocks towards small-cap companies. This change, driven by cooling inflation and increased expectations of a Federal Reserve interest rate cut, could significantly benefit the cryptocurrency market, according to … Read more