Singapore-based developer of bitcoin mining ASIC chips and rigs Canaan (CAN) has had a rough run, but could be a five-bagger, suggests Benchmark analyst Mark Palmer. Palmer on Tuesday initiated coverage of the ADRs with a buy rating and a $3 price target. The shares closed yesterday at $0.62, lower by 72% year-to-date. Canaan’s dual…
Worldcoin ($WLD), the crypto project co-founded by OpenAI CEO Sam Altman, tumbled 7% to $0.8745 after falling from an intraday high of $0.9441. Worldcoin is down 7.18% on the day/ Source: CoinMarketCap The drop comes amid renewed regulatory scrutiny in Kenya, adding to the altcoin’s struggles since its all-time high of $11.82 in March 2024.…
A recent analysis from CryptoQuant informed that KuCoin, which has had its fair share of struggles in the past few years, has lost over 14,000 BTC from its reserves after it introduced mandatory KYC requirements for all users. In contrast, Binance’s share continues to grow as the clear market dominator in terms of BTC reserves.…
XRP (XRP) has been declining in the past week as the crypto market seems to have taken a breather from its late April rally. Sentiment has apparently turned bearish ahead of Wednesday’s meeting of the Federal Open Market Committee (FOMC) as there is a bit of uncertainty about how the U.S. central bank will respond…
[PRESS RELEASE – Victoria, Seychelles, May 6th, 2025] Bitget, the leading cryptocurrency exchange and Web3 company, brought the heat to Token2049 with an exclusive ringside experience at Karate Combat KC54 in Dubai on May 2nd. The event featured high-energy matchups, premium hospitality, and a memorable atmosphere that resonated throughout the Web3 and crypto community. This year, Bitget raised…
[PRESS RELEASE – Zug, Switzerland, May 6th, 2025] The Casper Association is proud to announce that Casper 2.0 went live on the mainnet on May 6, 2025, a major milestone that marks the network’s evolution into a platform purpose-built for real-world assets. Casper 2.0 bridges crypto-native innovation with enterprise-grade infrastructure, advancing a vision where blockchain…
Bitcoin (BTC) options market flows signal moderate risk aversion ahead of Federal Reserve (Fed) Chair Jerome Powell’s expected remarks on a potential June rate cut Wednesday. “While the Federal Reserve is widely expected to hold rates steady at this week’s meeting, we have only seen some nuanced demand for protective BTC puts, reflecting limited caution…
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Ethereum price forecasts are bolstered as the altcoin of choice among institutions—BlackRock’s ETF drew $20 million inflows during May 2 trading, while the rest of the cohort saw no movement. The move coincides with what has been a week of volatility, with ETH trading within a narrow range but closing the week at a 3%…
A new projection by research and brokerage firm Bernstein suggests that corporations could collectively allocate as much as $330 billion into Bitcoin by 2029. According to a detailed note shared by Matthew Sigel, Head of Digital Assets Research at VanEck, Bernstein analysts believe this surge will primarily be driven by public companies emulating MicroStrategy’s Bitcoin…