Trump Media Group to Raise $3 Billion to Buy Crypto: Report
Trump Media Group is reportedly planning to raise a whopping $3 billion to buy crypto. According to Financial Times, the raise will include $2 billion in fresh equity and $1 billion through convertible bonds. The report cited six people familiar with the matter but there is no further information....
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Interesting Ethereum (ETH) Price Predictions as of Late
TL;DR Numerous analysts foresee ETH gearing up for a significant move, setting price targets above $3,000. Spot ETH ETFs have attracted steady inflows, indicating strong investor sentiment. At the same time, increasing exchange netflows hint at possible short-term selling pressure. What’s Next? The price of Ethereum has risen over...
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Analyst Forecasts BTC Short-Term Holders Could Drive Price to $162K in Weeks
Bitcoin’s current rally may only be warming up, with market watchers predicting a potential surge to $162,000 by mid-June, largely driven by short-term holders approaching a critical profit threshold. According to Axel Adler Jr., Bitcoin’s Net Unrealized Profit/Loss (NUPL) for those who’ve held the cryptocurrency for a maximum of...
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Bitcoin Rally Stalls Below $110K as Short-Term Holders Take $11B Profits
After softly rising over the weekend, bitcoin BTC slipped back to $109,000 on Monday in sluggish trading as traditional U.S. markets remained closed in observance of Memorial Day. The top cryptocurrency is still up 1.7% in the last 24 hours and only a breath away from the all-time high...
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Trump Media Seeks to Raise $3B for Crypto Purchase: FT
Trump Media and Technology Group (DJT), the company that operates the social media site Truth Social, is planning to raise $3 billion to buy crypto assets, the Financial Times reported on Monday. The capital raise, which is said to combine an equity raise and convertible bond offering, could be...
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Dubai Unveils Real Estate Tokenization Platform on XRP Ledger Amid $16B Initiative
The Dubai Land Department (DLD), a government agency for the real estate industry, has launched its first tokenized real estate platform as part of a government-backed effort that could see $16 billion worth of real estate digitized by 2033. The platform, called Prypco Mint and developed in partnership with...
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Sam Bankman-Fried’s Prison Sentence Could be Cut by Over 4 Years: Business Insider
Sam Bankman-Fried, the founder and former CEO of the defunct crypto exchange FTX, could be released from prison in December 2044, more than four years earlier than his original sentence called for, according to Business Insider. Convicted in 2023 on seven counts of fraud and conspiracy, Bankman-Fried received a...
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Ethereum Surges 5% to Break $2,550 Resistance Amid Institutional Confidence
Ethereum has demonstrated remarkable strength in recent trading, forming a clear uptrend with higher lows and higher highs while reclaiming the critical $2,550 pivot level. The price action shows a convincing rebound from the $2,470-$2,495 demand zone, though technical indicators suggest caution as ETH approaches the significant $2,800 resistance...
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Binance Square Starts Livestream for Traders, Taking on Other Social Media Platforms
Binance Square, the social network platform rolled out by crypto exchange Binance in October 2022, is launching a livestream product. The feature, Binance said, will provide experienced traders and content creators another means of engaging their audience. Livestreams should foster learning, increase engagement on the platform, and enhance users’...
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Price predictions 5/26: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE
Key points: Bitcoin ETPs continue to witness solid buying, signaling that the bulls expect the uptrend to continue. Several major altcoins witnessed a pullback, but lower levels continue to attract buyers. Bitcoin (BTC) is attempting to sustain above $109,588, indicating buying on every minor dip. Bitcoin has risen for...
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