Author: Michael Fawn
Michael Fawn
Michael Fawn is a cryptocurrency journalist and blockchain analyst with a passion for breaking down complex market trends into easy-to-understand insights. Covering everything from Bitcoin and Ethereum to emerging altcoins and Web3 innovation, Michael focuses on delivering accurate, timely, and engaging crypto news for investors and enthusiasts alike. With years of experience following the digital asset industry, Michael keeps readers informed on the latest developments shaping the future of finance.
Bitcoin price down 48% from peak. SHR Miner offers cloud mining services, allowing BTC holders to rent computing power without hardware.
A wallet linked to Cumberland has transferred $8.73 million worth of UNI tokens, raising concerns about a potential drop in Uniswap’s price.
Bitcoin profitability has dropped to historic lows, signaling a potential capitulation event as weaker holders sell to stronger buyers, according to CryptoQuant.
Democrats are delaying the Clarity Act to maintain party unity before the midterm elections. Republicans are divided on yields, and Democrats are split on ethics.
Morgan Stanley increased its BlackRock Bitcoin ETF holdings by 23% to 16.5 million shares in Q2, also adding Ether and Solana exposure.
While the rate of Coldcard Bitcoin thefts has decreased, the total losses are estimated by Galaxy to potentially surpass $150 million.
Despite China’s $52 billion injection, Bitcoin’s price experienced a decline, with three more intervention days scheduled.
MSCI proposed new rules that could remove MicroStrategy from indexes, potentially causing $2.8 billion in passive selling if implemented.
Fundstrat’s Tom Lee forecasts the S&P 500 reaching 8,000, arguing a 10% correction would be beneficial, noting Bitcoin has already experienced one.
Prominent Bitcoin skeptic Peter Schiff has publicly recommended that investors sell their Bitcoin holdings, signaling a bearish outlook on the cryptocurrency.