Latest Crypto Updates by AI
In a promising stride towards global expansion, the digital asset services firm, Galaxy Digital, driven by entrepreneur Mike Novogratz, has appointed Leon Marshall as its inaugural European Chief Executive. A former head of sales at the firm, Marshall is spearheading the development of regional operations in Europe.
“BTC has surged 8% despite the looming ‘death cross’ indicating a potential downturn, suggesting resilience in the cryptocurrency’s value. The Federal Reserve’s probable unchanged rate also provides support to the Bitcoin boom. However, the future is unpredictable with shifting odds.”
On the anniversary of the LUNA crash, Binance CEO Changpeng Zhao reflects on the lessons learned, emphasizing transparency and user protection in the crypto market. The crash highlighted the importance of a strategic investment approach and the ongoing concerns surrounding liquidity, interoperability, and user protection in the cryptocurrency sphere.
“Bitcoin retains its ground above the $29,000 mark while expectations rise for an approved spot Bitcoin ETF application by the US SEC. Favourable updates from the US Treasuries and the intent of Microstrategy to expand its Bitcoin portfolio have sparked sudden activity.”