FameEX Morning Crypto News Recap | April 12, 2024

Author of 'Rich Dad Poor Dad,' Robert Kiyosaki, Forecasts Bitcoin Price to Soar to $2.3 Million

Robert Kiyosaki, famed for "Rich Dad Poor Dad," predicts bitcoin may hit $2.3 million, supported by Ark Invest CEO Cathie Wood’s forecast. He also anticipates looming collapses in the stock, bond, and real estate markets, with a potential U.S. bankruptcy on the horizon.

7-Day NFT Sales Jump 37%, Dominated by Bitcoin-Based Collections

Over the week ending April 11, non-fungible token (NFT) sales volumes surged by more than 37% to $277 million. Bitcoin-based NFTs led the surge, making up six of the top ten collections by sales. The renewed interest in NFTs is attributed to their connection with real-world assets and embedded utility.

Bitcoin Difficulty and Hashrate Achieve New Peaks as Halving Nears

Bitcoin's network difficulty hit a record 86.39 trillion at block 838,656 on April 10, 2024, rising 3.92%. With fewer than 1,250 blocks to mine before the fourth halving at block 840,000, this escalation indicates an increasingly challenging mining landscape, marking a pivotal moment in Bitcoin's operational dynamics.

Bitcoin Derivatives Data Signals $70K Price May Persist

Since March 25, Bitcoin has struggled to maintain a value over $71,000, signaling potential bearish momentum. However, BTC derivatives market analysis points to stabilization, with previously extreme optimism now markedly subdued, indicating a shift towards a more balanced market sentiment.

BlackRock Could Facilitate the Introduction of US-Regulated Stablecoins

Crypto investor Ryan Sean Adams pointed out that BlackRock's introduction of USD Coin off-ramps for its tokenized fund signifies further merging of traditional finance and stablecoin sectors. On X, Adams emphasized, "Stablecoins will materialize in the U.S. because BlackRock and the banks are driving it," underlining the deliberate efforts behind this financial integration.

Dubai Crypto Authority Aims to Reduce Regulatory Burdens for Small Firms

During Paris Blockchain Week, Dubai's VARA CEO Matthew White revealed a new crypto regulation strategy aimed at aiding small firms and spurring innovation. His initiative focuses on decreasing the compliance costs that typically challenge small crypto businesses, signaling a major shift towards promoting growth within the industry.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.​