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@derryck

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54 Followers

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Analysts at Bernstein have raised their target for bitcoin by the end of 2025 from $150,000 to $200,000. The forecast is driven by expectations of "unprecedented demand from bitcoin-based spot exchange-traded funds" managed by BlackRock, Fidelity and Franklin Templeton, among others. Bernstein's baseline estimates the price of the first cryptocurrency will reach $500,000 by the end of 2029 and $1 million by 2033.

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CryptoQuant noted a surge in demand for Ethereum following the approval of spot ETFs in the US and the past Fed meeting. On June 12, investors bought 298,000 ETH (~$1.34 billion), the second highest daily value in the cryptocurrency's history. It is 6% below the record set on September 11, 2023. On that day, long-term investors bought 317,000 ETH when the price fell below $1600.

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VanEck has improved its target forecast for Ethereum amid the approval of a spot ETF. Analysts believe that by 2030, the rate of the second most capitalized cryptocurrency is capable of reaching $22,000 in the baseline scenario.

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Metauniverses? What? Am I back in 2021?🤣 McDonald's has launched its first meta-universe, My Happy Place, in Singapore. Its users will be able to cook virtual burgers, play multiplayer games and earn rewards in other activities. The initiative is realized in partnership with Bandwagon Labs.

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The most famous MEV bot on the Ethereum network jaredfromsubway, which engages in high-frequency trading, became the largest consumer of gas overnight (1.7% of the aggregate). He spent 215 ETH (almost $830,000!!!) on commissions. The bot is prioritized for meme-token traders.

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hellno the optimist

Switching between Farcaster accounts is painful in Warpcast? Connect them all to herocast and switch quickly between them. → herocast now has 2x more switches and they look better than ever

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if you have a free app in crypto and you say you have N users, then it means nothing and it looks weak. 1) only active users matter 2) there‘s an incredible amount of bots and your free users could be 99% bots. Just heard an app that „has 8 million users“. The top content on app has 12k lifetime views 🫠

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According to a report by Immunefi, crypto projects lost $473 million in the first five months of 2024 as a result of 108 hacker attacks and rug pulls. Gala Games and SonneFinance were the biggest hacks of the outgoing month. Compared to last year, there were 20% fewer hacks, analysts noted.

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Will there really be a second meme coin boom on this network? Remember when there were different koins firing off hundreds of Xs every day there

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There have been rumors in the community about a possible listing of Solana (SOL) on the Chicago Mercantile Exchange (CME), but there has been no official confirmation or denial from the company.

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This could have been speculated on! A hacker hacked into the Normie protocol and crashed the rate of the token of the same name by 99%. As a result, the capitalization fell from $41 million to $1.9 million.

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Market Correction.

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US congressmen have sent a letter to SEC head Gary Gensler urging him to approve the spot Ethereum-ETF because the instrument will offer investors access to the cryptocurrency "in a regulated, transparent and secure format."✍️ ✍️ ✍️

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This cycle has truly become a meme coin cycle. I wonder what will happen next🤔

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Google recognized as an "illegal monopoly" by US court https://thedailyrecord.com/2024/05/24/judge-weighs-proposed-changes-to-googles-android-app-store-to-prevent-anticompetitive-tactics/

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Varun Srinivasan

Welcome to the far side!

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Lefteris Karapetsas

I will be judging ETHBerlin this weekend Find me there both today & tomorrow. Would love to help any team that needs feedback on topics that I know well. Such as development, governance, privacy, birds and more! Tell me what you are building and how it will empower people. Also if you meet me you can get a POAP :)

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