Recent News on Cryptocurrency, Blockchain, and Finance | Yellow.com

Bitcoin can reach $1 million by 2033, analysts at Bernstein claim. This stunning prediction came as a part of the coverage of MicroStrategy, that Bernstein is doing now. Bernstein analysts state, that MicroStrategy is the biggest holder of Bitcoin right now. The company, led by a prominent Bitcoin maximalis Michael Saylor, now owns 1.1% of the global Bitcoin supply. It's about 214,000 Bitcoin, to be precise, worth approximately $14.59 billion in current prices. According to Bernstein, MicroStrategy’s active leveraged Bitcoin strategy differentiates it from passive spot exchange-traded funds (ETFs). And might be considered more effective as it has resulted in a higher amount of Bitcoin per equity share. Analysts predict that by 2025 Bitcoin might reach $200,000. And by 2029 the price can go as far as to $500,000. That alone would be enough to make true HODLers happy. But analysts didn't stop at that point, adding that by 2033 Bitcoin could reach staggering $1 million per coin. And that might make MicroStrategy a phenomenally rich company, analysts note. As of now, Saylors's company sits on tremendous unrealized profits of almost $6.5 billion on paper. That reflects a gain of almost 104% yield-to-date from an investment allocation started under Saylor back in 2020. Further growth of Bitcoin could potentially transform its biggest holder into a true financial giant. With profits over $50-60 billion MicroStrategy could become very influential. And that is a sign of the epic changes that cryptocurrencies are bringing to the world.

Everyone wants to be the lucky winner, who spends $100 on some lesser known token and gets ungodly returns. Analysts weigh in some meme coins, which have the potential to bring that kind of profits this month. Meme coins are a highly speculative type of crypto. They rely on trends heavily, and might go up and down regardless of what is happening to the general crypto market at the moment. No one gets surprised when an unknown token, promoted by a questionable personality like Andrew Tate, suddenly surges to gain $300 million in market cap. In such cases you wish you knew it in advance, right? Because a mere $100 could bring you fortunes. Is it possible to know this? Well, no one can give you any warranty, but some experts regularly come up with the list of tokens that may return ungodly profits. "May" is the key word here. This time, it's the analysts from Cryptonews we are talking about. They published a list of 9 meme coins that they think could deliver a potential return of 24,900%. Simply put, any of those tokens can transform $100 to $25,000 this June. Katana Inu (KATA) The Katana Inu (KATA) meme coin is embedded in the Battle Royale game and combines elements of DeFi and GameFi. The game features realistic graphics, 3D characters, and weapons that can be minted as NFTs. There is a marketplace for NFTs. Analysts think he game's native cryptocurrency - the KATA token, which fits into both the memecoin and GameFi sectors - could explode in the coming months. Super Trump (STRUMP) The Super Trump Token (STRUMP) is a meme coin that pays homage to Donald Trump. The speculative project brings together supporters of the 45th POTUS and its native cryptocurrency is STRUMP. In the last 30 days it has gained over 550% on Uniswap. Sealana (SEAL) The Sealana (SEAL) meme coin was recently launched on the Solana network . The project centers around Gamer Guy, a character from the South Park series. You probably remember that obese nerd, don't you? Sealana aims to become the best-known memecoin on the Solana network, ahead of established cryptocurrencies such as Bonk and WIF. Its native cryptocurrency, the SEAL token, is currently available in pre-sale at a price of $0.22. Optimus AI (OPTI) The Optimus AI meme coin is focused on artificial intelligence (AI). Its native cryptocurrency is the OPTI token. And it could be an option to consider, given the huge potential that AI technology plays in the bull run. Anyways, this kind of meme coin is far more serious than the one Andrew Tate is promoting. WienerAI (WAI) Meme coin WienerAI is project built around a free AI crypto trading bot. The project’s native cryptocurrency is the WAI token. The project has already raised more than $5.6 million in its pre-sale. Maga VP (MVP) Another President Trump-themed meme coin. It is called Maga VP. The team behind the cryptocurrency is not officially linked to Trump. Assuming all the support Trump has shown to the crypto sector, no wonder people are excited about this meme coin. Some analysts even say Trump himself is holding some Maga VP. PlayDoge (PLAY) Remember the legendary Tamagochi? The PlayDoge is a new Tamagotchi-inspired play-to-earn project on the blockchain. The idea is simple. You take care of a virtual pet to win prizes. Those are denominated in PLAY. Pitbull (PIT) This is a very ambitious project. The guys are already talking about their own NFT collection and even a metaverse. As of now, Project Pitbull (PIT) is a meme coin launched on Binance’s Smart Chain. According to the meme coin’s website, the cryptocurrency is held by over 500,000 people. Impressive, huh? Smog (SMOG) Another meme coin that was launched on Solana blockchain. It focuses on a parody of the character Smaug, from the famous novel The Hobbit. And the project is pretty huge. In its first month, Smog managed to reach a market cap of $100 million. The meme coin is currently held by over 119,000 people.

Andrew Tate must be pretty happy now. His meme coin DADDY has flipped MOTHER, the token created by Australian rapper Iggy Azalea. That is exactly why famous mysogynist created of meme coin of his own. Former kickboxer, now a crypto influencer and a fighter for patriarchy, claimed that DADDY would overcome MOTHER and that would be a 'flip for the patriarchy'. He also mentioned something about females who are supposed to be making him sandwiches, but who knows what that meant. According to DEX Screener, the DADDY token broke a $340 million market cap midday on Wednesday, flipping MOTHER in the process. Azalea's token had a market cap of $200 million. As of now, both tokens slightly fell in market value. DADDY sits at a market cap of $256 million while MOTHER sits at $163 million. And that makes Tate very happy, as you may think. Tate, who is currently awaiting trial in Romania for alleged human trafficking and rape charges, informs his X followers that he is “built different” and is “taking over.” Tate also claimed he would never sell DADDY - no matter, what price is reaches - but instead burn the 40% of the supply he holds in his public wallet. It's too early to bury Azalea's token. As Yellow.com highlighted recently, Iggy Azalea is looking into a revolutionary option that allows users of MOTHER to buy smartphones directly with the token. Andrew Tate was born in the U.S. He used to be a kickboxer, and later turned into an internet personality. Tate has built a reputation through provocative commentary on social media. His favourite topics are masculinity and success. He has been widely known for for his perceived misogynistic views. He resides in Romania now, awaiting for court decision on a pretty scandalous accusations, including rape charges. Iggy Azalea, born Amethyst Amelia Kelly, is an Australian rapper and songwriter. She achieved international fame with her debut studio album "The New Classic" in 2014. Azalea's unique style and bold persona have made her a beloved music star. Beyond her music career, she has entered various entrepreneurial ventures.

Bitcoin is the only decentralized currency, Tether CEO Paolo Ardoino says in a startling revelation. According to the man, who is in charge of the most influential stablecoin, Bitcoin is unique among the more than 14,000 various cryptocurrencies because it is the only one that is not centralized. An unexpected - if not to say sensational - statement was made by Ardoino during his interview with Cointelegraph. “Bitcoin is the only example of a currency that is only ruled by math that basically cannot be changed,” Ardoino stated. He added that some some cryptocurrencies are a bit more centralized or others are a bit less centralized, yet Bitcoin is the one that is not contolled by anyone in particular. “With the other currencies, you see that there is a group of developers that come every month. They are coming out with a new software release, they change the monetary policy, inflationary, deflationary, and they keep changing things,” Ardoin explained. But no substantial changes can be made to Bitcoin blockchain. There will always be no more than 21 million Bitcoin. And there will be a halving, which affects mining profits once every four years, until all 21 million bitcoins are mined, Ardoino stated. “Bitcoin is about certainty. It’s like a clock keeps ticking keeps ticking forever [...] When it comes to the concept of unstoppable products, or decentralized — because everyone uses the term ‘decentralized’ — there is only Bitcoin,” Tether CEO concluded. To Ardoino's credit, he openly admitted that Tether is centralized, unlike Bitcoin. He also stated that his opinion on Bitcoin's exclusive level of decentralization “might be controversial.” It's not often that we get to see such examples of candour from executive managers in the cryptocurrency market.

Telegram’s “The Open Network” (TON) blockchain has been consistently outperforming Ethereum in terms of daily active addresses throughout this month, analysts say. Telegram, a popular messaging app, created by Russian emigrant Pavel Durov, is not only competing against WhatsApp and Signal, it's also making waves in crypto world. TON blockchain is now emerging as a serious competitor to Vitalik Buterin's Ethereum, a current king of blockchain solutions. According to a recent post on X from Delphi Digital, a prominent firm, TON’s daily active addresses have surpassed Ethereum. Analysts think this success can be attributed to Telegram’s colossal user base of 900 million. TON’s popularity relies on Telegram’s wide distribution, Delphi Digital concludes. Another analyst company, Artemis, has published their report, showing that TON and Ethereum have been closely competing in a number of daily transactions since May 17. That figure shows how many unique wallets were active on a given day. In June, TON was surpassing Ethereum on 10 out of the 11 days so far. There even was a day when TON reached a peak usage level, which Ethereum wasn't able to grasp since September 2023. That happened on June 3, when TON had a little over 568,000 transactions. Despite these impressive figures analysts say there is a need to consider the broader context. Direct comparison of TON and Ethereum might be unfair because of all the recent technological advances the latter has reached. Ethereum has many layer 2 solutions up and running now. A significant number of transactions have migrated there. And they can't be measured using traditional metrics mentioned above. Even without beating Ethereum, TON can celebrate a significant surge in popularity. Several factors to blame here. Integration of Tether (USDT) on TON is the most prominent of them. As well as raising user base of Notcoin, a "tap-to-earn" token.

Michael Novogratz thinks that meme coins are the driving force of the crypto market. Galaxy Digital CEO has hailed memecoins as the “most powerful narratives out there.” In his X post, Novogratz called memecoins a “cornerstone” of the cryptocurrency industry. He also outlined two ways to make profit in meme coin investing. According to Novogratz, the first way is being able to pick the right meme coin to invest in. And the definitive feature of the meme coin is humor, he thinks. "If people are going to laugh at that, people are going to love that,’” he said. He even mentioned some examples of the laughable meme coins, that really work. “You know Dogwifhat, the first time you see it, you just laugh, now it’s worth $3 billion,” he added. But that was just the first way to make a fortune from meme coins. There is a second one. It is more difficult, yet significantly more fun. Novogratz offers us, mere mortals, to keep creating more meme coins. His statement follow a recent report from Galaxy Digital. The report was challenging the ongoing criticism that memecoins are just a passing trend. Their initial goal was wealth creation, the report stated. Michael Novogratz is a prominent figure in the finance and cryptocurrency sectors. He was among the early adopters of crypto. He founded Galaxy Digital, a leading crypto investment firm. Novogratz himself, is considered to be one of the influencers, whose opinion can sometimes literally shift the market. Novogratz is also known for his philanthropy, supporting various social causes through the Novogratz Foundation.

Brazil's largest bank Itaú Unibanco has announced expanding its Bitcoin and Ether trading services to all customers. Itaú Unibanco is one of the largest private banks in Latin America. It has more than 60 million customers. And only a small portion of that number were given opportunity to buy and sell cryptocurrencies with the bank back in December 2023, when the crypto experiment was first announced. The bank launched its investment platform – ‘Ion’ – and initially, the bank offered the services to selected clients. The bank said it would slowly open the new opportunities to wider customer base who download the platform’s app. Obviously, the experiment proved to be successful. Guto Antunes, head of Itaú Digital Assets, explained that the bank has been carrying out weekly surveys with customers for whom cryptocurrency operations were permitted. The survey found high degree of acceptance among the clients. The bank currently supports Bitcoin and Ether trading. But other tokens will be added as customer demand rises. Itaú Unibanco created all the tools internally. That includes crypto wallets for each client. The app has already been downloaded over 3.5 million time both in iOS and Android.

Paxos, a leading stablecoin issuer, cuts 20% of workforce. That comes as a move to ‘de-prioritizing adjacencies’, the company says. According to Bloomberg report, the stablecoin firm is lessening its focus on non-core offerings. The staff cut eliminates 65 employees. As a result, Paxos’ headcount will stay somewhere between 200 and 300. Journalists were able to obtain an email sent by Paxos CEO Charles Cascarilla to the company staff. In that email Cascarilla explains that reduction will allow the company to “best execute on the massive opportunity ahead in tokenization and stablecoins.” Cascarilla predicts that “stablecoins will 10x in the coming years and serve as the fulcrum for opening the financial system through tokenization.“ The email is full of quite victorious statements. Paxos CEO mentions that the firm is “in a very strong financial position to succeed,” with more than $500 million on its balance sheet. At the same time, he claims that it is absolutely vital for Paxos to focus on its core business. He even uses a pretty vague term “de-prioritizing adjacencies.” Though Cascarilla is not precise about what that means, Bloomberg reporters claim Paxos is about to ditch some of its commodities and securities settlement services. That means Paxos will stay focused on stablecoins - the kind of activity that brought the company to its well deserved fame. Paxos has gained some pretty stark reputation for operating various stablecoin products. That includes Pax Dollar (USDP), which has a $135.9 million market cap, Pax Gold (PAXG), which has a $429.8 million market cap, and PayPal USD (PYUSD), which has a market cap of $398.8 million. Paxos still runs Binance USD (BUSD), that was halted by Binance in February 2023. BUSD still has a market cap of over $70.5 million. On a bright side, Paxos just announced the launch of a yield-bearing stablecoin called Lift Dollar (USDL). It will be operated through the company’s UAE-based affiliate - Paxos International.

An unknown whale transferred Bitcoin worth approximately $535 million from a personal wallet to Binance after five and a half years of inactivity. It's one of those cases when even the richest people can feel envy. Blockchain data indicated that mysterious whale has made around $505 million in profit on the initial investment of 8,000 BTC. At the time of purchase BTC price was around $3,800. It is next to $69,500 at the time of writing. Here's how it happened. The whale purchased 8,000 BTC for just over $30 million in December 2018. Since then the wallet stayed untouched. Until yesterday. The story is quite outstanding as the overall trend on the market is floating the opposite direction. Analysts note that most of the whales - those guys, who have accumulated more that 1,000 in their wallets - are not moving their holdings to the exchanges even despite BTC price stalled. Most whales are not moving their coins to exchanges - which could be seen as a sign of bearish sentiment. Instead, they likely expect prices to spike higher in the coming days and weeks. This means that whales are bullish. Short-term price movements can't change their minds. Of course, the bulls might be wrong. And their expectations of the moonshot are never to be realized. At least this specific whale suddenly decide to call it quits after 5 years of waiting.

Solana might beat Ethereum and become the new altcoin leader. It might happen quite soon, in the next crypto cycle, some analysts claim. According to a recent post from Gumshoe, all the charts show that if the current bull market continue, Solana will continue to float higher than other altcoins. Analyst notes that this will continue the trend seen from the better part of 2023. Solana kept rising from obscurity to become one of the top performers. It was even outdoing Bitcoin at times. As of now, Solana is up 100% from January 2023 lows and roughly 8X from the pits of September 2023. Sceptics might say that Solana is experiencing a kind of cool-off after the recent rally. But it is hard to deny the uptrend. And there are some more factors that influence the whole picture. Solana is quickly becoming a default choice for all kinds of mem coin deployers. Miscellaneous institutions tend to massively adopt Solana as their primary blockchain. Cheap and fast transactions are key features that drive the proccess. Solana boasts a theoretical throughput of up to 65,000 transactions per second (TPS). Meanwhile, though Ethereum has the largest network, it can only process 15 transactions every second. That leads to higher transaction fees. Awaiting times for transaction on Ethereum can be pretty annoying. PayPal, Visa and Stripe are in the list of Solana adopters already. All that is happening even despite the ongoing challenges and legal hurdles. United States Securities and Exchange Commission (SEC) has recently filed a number of lawsuits against Binance and Coinbase. SEC states that Solana is an unregistered security. That, by the way, might be a serious obstacle if Solana ever tries to get its own ETFs (exchange-traded funds). The other problem here is the significantly under developed futures market. Its absence might be a problem for Solana ETFs either.