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The cryptocurrency industry has been home to thousands of assets from different categories. Dogecoin (DOGE), the OG meme cryptocurrency, was the only reigning over the meme coin market. But the debut of Shiba Inu (SHIB) was a game changer. SHIB grew in popularity and soon started changing the financial status of many. Also Read: Solana (SOL) Predicted To Grow 5x To $776: Here’s When Shiba Inu’s Performance And Potential Profits Shiba Inu had a reasonably good end to September. The asset recorded a 30% increase over the past seven days. Following a slight setback at press time, the meme coin was trading at $0.00001842 with a 2.23% daily drop. Source The meme coin is 79% below its all-time high of $0.00008845. Despite its recent dip, Shiba Inu has surged by more than 22323419.05% since its origin in 2020. Also Read: Powell’s Rate Cut Hints: Crypto Market Set for a Boost? How Much Profit Would An Early Entry Into Shiba Inu Bring? Shiba Inu was first launched in August 2020. The asset kick...

Yong Rong HK Asset Management emerges as the top holder in BlackRock Bitcoin ETF with $38M investment. Ovata emerges as biggest buyer in Bitcoin ETF market, investing $74M in various funds. Bitcoin price surpasses $61,000 amidst market dynamics, signaling resilience and potential. Yong Rong HK Asset Management Ltd, a prominent investment firm based in Hong Kong, has emerged as the leading investor in the BlackRock iShares Bitcoin ETF (IBIT). According to Bloomberg analyst Eric Balchunas, the firm has made a substantial investment of $38 million in IBIT, securing its position as the largest holder of the Bitcoin ETF. New high water more bitcoin ETF holders just rolled in: Yong Rong Asset Management based in HK bought $38m worth of $IBIT, which makes up 12% of its reported holdings. Interesting given HK has own ETFs now. But US ETFs have that irresistable combo of low fee and high volume. pic.twitter.com/FE2gyuIuIf — Eric Balchunas (@EricBalchunas) M...

As part of his persistent cautionary stance on an impending financial crisis, Robert Kiyosaki, the author of the best-selling finance book ‘Rich Dad Poor Dad ,’ has offered insights into investment products poised to suffer the most in a crash. In a post on X (formerly Twitter) dated December 11, Kiyosaki delivered a stark warning concerning the potential fate of million s of retirement accounts. While issuing this caution, the financial educator acknowledged that his previous predictions regarding financial crises have often been criticized and ridiculed. Undeterred by past skepticism, Kiyosaki asserted that the next financial casualty would be the S&P 500, spelling trouble for million s of 401(k)s and IRAs linked to the index. “People are still laughing at those 1997 predictions. Watch for my next warning. The S & P is next, which will toast millions of 401ks and IRAs. Take care,” he warned.  Cryptocurrency Bitcoin in danger as...

Bitcoin price is closely linked to several financial assets but the reasons for correlation with certain precious metals and stocks can be quite different. The financial media often points out Bitcoin’s (BTC) correlation to big tech. “Bitcoin is trading like a tech stock” is a common narrative alongside BTC's often acute inverse-relationship with the United States dollar. But are these correlations set in stone, and can they be useful for predicting future price moves? Let's take a closer look at several reports analyzing the relationship between Bitcoin and various asset types.  Bitcoin's historic correlations vary across timeframes A report published in October 2022 by the Multidisciplinary Digital Publishing Institute arrived at several key conclusions regarding Bitcoin’s correlations with traditional financial assets, including: The extreme volatility of the Bitcoin market means that long-term correlations are stronger than short-term correlations; The “positive linka...

Thailand’s Securities and Exchange Commission (SEC) introduced new regulations aimed at digital assets.  The guidelines mandate that digital asset service providers must provide comprehensive risk warnings to ensure awareness of the potential risks involved in cryptocurrency trading. Enhance investor protection On July 3, the Securities and Exchange Commission (SEC) of Thailand unveiled new rules regarding digital asset trading and services, with the details published in the Royal Gazette.  The key highlights include a mandatory risk disclosure for cryptocurrency trading and a ban on deposit-taking and lending services. Starting from July 31, 2023, operators, brokers, and traders in cryptocurrency trading centers must provide a clear warning about the high-risk nature of cryptocurrencies, ensuring users understand the potential loss of their entire investment. Users must also receive an investment suitability assessment and information on appropriate investme...