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Donald Trump has named Howard Lutnick, CEO of Cantor Fitzgerald, to lead his transition team if he wins the presidency. Lutnick's involvement is significant for the crypto sector, given Cantor Fitzgerald's role as a custodian for Tether (USDT). Trump has positioned himself as a strong ally of the crypto industry, with J.D. Vance as his pro-crypto vice-presidential pick.

Portfolio Pulse from Murtuza Merchant

August 16, 2024 | 6:34 pm

Crypto whales are accumulating Pepe (PEPE) tokens during a market dip, while interest in Dogecoin (DOGE) and Shiba Inu (SHIB) fades. A whale named 'cookislandstrust.eth' spent 3.13 million Tether (USDT) to buy 420 billion PEPE, netting a profit of $170,000. The number of large PEPE transactions increased by 161% in the last 24 hours. Meanwhile, Dogecoin saw a decline in HODLers balance, and Shiba Inu's long-term holdings rose at a weaker pace.

Portfolio Pulse from Aniket Verma

August 12, 2024 | 3:54 am

Bitcoin has recovered above $60,000, but analysts from 10x Research urge caution and early profit-taking due to high volatility. Significant inflows have been observed, with Tether minting $1 billion, Circle minting $1.6 billion, and Binance reporting $2.4 billion in inflows. A US judge has approved FTX's repayment of $12.7 billion to creditors, potentially redirecting funds back into crypto. The market anticipates potential approval of Bitcoin ETF options by the SEC by Sep. 21.

Portfolio Pulse from Murtuza Merchant

August 09, 2024 | 6:08 pm

Justin Sun, founder of the Tron blockchain, has accumulated $36 million worth of Ethereum, bringing his total Ether investments to 392,474 ETH since February. This move comes amid a market downturn and follows Ethereum's recent price recovery. Sun also deposited $49 million worth of Tether to HTX, indicating potential further Ether accumulation.

Portfolio Pulse from Aniket Verma

August 06, 2024 | 8:39 am

Tether Holdings reported a record $5.2 billion profit for the first half of 2024, with a net operating profit of $1.3 billion in Q2. The company's financial strength is attributed to its investments in U.S. Treasuries, with ownership reaching over $97.6 billion. Tether issued more than $8.3 billion in USDT in Q2, further solidifying its financial position.

Portfolio Pulse from Khyathi Dalal

July 31, 2024 | 6:52 pm

Bitcoin has rebounded significantly, nearing $70,000, with key indicators suggesting continued growth. Increased market capitalization of stablecoins Tether and Circle, fair mining profitability, and large inflows into Bitcoin Spot ETFs, particularly BlackRock's ETF, are contributing factors. Despite concerns, Mt. Gox repayments have not caused market panic. Ethereum spot ETFs, however, saw net outflows recently.

Portfolio Pulse from Murtuza Merchant

July 29, 2024 | 1:42 pm

Shiba Inu (SHIB) saw a 76% surge in Q2 order volumes on CoinGate, driven by the expansion of services on the Polygon and BNB Chain networks. This indicates growing mainstream adoption and significant engagement from whale investors.

Portfolio Pulse from Aniket Verma

July 26, 2024 | 9:39 am

Crypto expert Scott Melker predicts Bitcoin (BTC) will reach $100,000 by year-end, citing an unprecedented bullish market setup. Factors include traditional finance inflows via ETFs, the launch of Spot Ethereum ETFs, and potential major announcements at the upcoming Bitcoin Conference. Melker also highlights the role of stablecoins like Tether (USDT) and Circle (USDC) in the market's growth.

Portfolio Pulse from Khyathi Dalal

July 19, 2024 | 5:51 pm

Stablecoin inflows have surged to all-time highs, with Tether (USDT) making up 70% of the total market cap. This trend is seen as a potential bullish signal for Bitcoin (BTC) and the broader cryptocurrency market.

Portfolio Pulse from Aniket Verma

July 18, 2024 | 9:14 am

The Maelstrom Fund, led by BitMEX co-founder Arthur Hayes, has launched a grant program to support Bitcoin development. The program will provide annual funding of $50,000 to $150,000 per developer, with a cap of $250,000 per year. The grants aim to enhance Bitcoin's resilience, scalability, censorship resistance, and privacy. Payments will be made in BTC, USDC, or USDT.

Portfolio Pulse from Aniket Verma

July 18, 2024 | 4:04 am

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