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Bitcoin Investors Get Stern Warning From Crypto Analyst, Price Could Get ‘Hammered’ Crypto analyst Justin Bennett has warned Bitcoin investors about what could cause the flagship crypto to decline further. The analyst also stated that things weren’t looking good for Bitcoin at the moment and suggested that a bullish reversal might not happen anytime soon. How Bitcoin Could Get “Hammered”Bennett mentioned in an X (formerly Twitter) post that the recent “relative weakness” suggests that the crypto market, including Bitcoin, will get “hammered” if the stock market rolls over. The analyst made this statement based on the correlation between the stock and the crypto market. He had also noted that things weren’t great for the crypto market, especially considering that the S&P, Nasdaq, and other stocks have been enjoying an upward trend for weeks. Interestingly, the analyst stated that the stock market was “literally” keeping Bitcoin an...

The Commodity Futures Trading Commission (CFTC) has launched an investigation into the Chicago-based trading firm Jump’s participation in the crypto market, focusing on its trading and investment activities, according to an undisclosed source familiar with the matter, as reported by Fortune Magazine.Hacks And Collapses Haunt Jump TradingThe investigation comes after a tumultuous period for Jump, which has been recognized for its expertise in algorithmic trading. However, the company faced setbacks, including being linked to a series of hacks and collapses. The company suffered a major blow with the $325 million hack of Wormhole, a decentralized finance (DeFi) platform designed to bridge separate blockchains. Moreover, following the collapse of FTX in November 2022, it was revealed that Jump had suffered nearly $300 million in losses as a top market maker on the failed crypto exchange.?...

Uniswap Founder: Dapps Will Soon Handle Gas Fees On Behalf Of Clients In comments likely to resonate with crypto fans, Hayden Adams, the founder of Uniswap, a leading decentralized exchange (DEX), predicts that network fees will eventually become a background expense for users, much like server costs are today for top centralized applications running on Amazon Web Service and other platforms.  Gas Fees Is A Major Pain Point, Mass Migration To Solana, Layer-2 PlatformsTaking to X, Adams envisioned a future where decentralized applications (dapps) seamlessly cover network fees on behalf of users. This approach, the inventor adds, aligns with how server costs are currently handled in the current setup, especially among operators of common applications like X or Facebook. Server costs are often considered a hidden expense in the overall business model. However, this can cost millions of dollars monthly, depending on the app’s popularity.Presently, t...

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