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| By Dawn Pennington |
The FTX fallout continues.
This week, news broke that two former execs of the failed crypto broker, Nishad Singh and Gary Wang, will be sentenced this fall after pleading guilty to fraud and conspiracy charges.
This comes shortly after another exec, Ryan Salame, was sentenced to 7.5 years in prison.
Singh and Wang could see lighter sentences because, unlike Salame, they testified against FTX founder Sam Bankman-Fried, who was sentenced to 25 years back in March.
In the meantime, FTX is expected to pay back its creditors and customers in full.
I bring this up because it’s feeling a lot like November 2022, when FTX collapsed and rocked the crypto markets.
That’s not my opinion. That’s based on Juan Villaverde’s analysis in Friday’s issue of Weiss Crypto Daily.
A 107.1% Gain from Bitcoin’s Sell-Off
Juan’s timing model has nailed every rally and correction in the stock market since 2012. Last month, it signaled that the market might soften going into July.
So he recommended that his subscribers cash out of Bitcoin (BTC, “A”). They did so just in time — right before a wave of panic-selling that felt eerily like the November 2022 FTX debacle. Here’s why the similarities between these two Bitcoin bottoms are uncanny.
A 39,000% Gain Has Me Ready to Rock the Kaspa!
Diversification is key to every portfolio. Just ask Marathon Digital, which has added some $15 million worth of Kaspa (KAS, Not Yet Rated) to its “Casbah.” (Yes, Kaspa is a nod to the song!)
Kaspa’s system can process a ton of transactions every second, making it one of the fastest networks out there. And it has other catalysts set to boost its adoption and market value.
The Next Investments for ‘Hyper’ Growth
Without companies like Nvidia, which understand that crypto miners like Marathon Digital require high-powered chips that work at high speeds, we might never have seen crypto prices hit their current heights.
As demand grows, so does the need for networking infrastructure like hyperscale facilities. And the six providers Jurica Dujmovic named on Thursday stand to benefit in a big way.
109 Opportunities to Make 1,000% (or More!)
Weiss Ratings’ new stock system — powered entirely by some of the most advanced AI on the planet — is the next chapter for the company. It’s the crowning achievement of Dr. Martin Weiss’ 53-year career. And he’s willing to bet that, once you see this AI technology with your own eyes, you’ll never want to go back to the old ways of investing.
This Summer’s Breakout Crypto Star?
Bitcoin’s recent plunge wasn’t a surprise, as Juan outlined above. Nor is it permanent. Marija Matic notes that failed exchange Mt. Gox has started repaying its creditors … after 10 years.
This, along with the German government’s fire sale of BTC through market orders, is also weighing on the price. Marija says that makes this the ideal time to assemble your dream altcoin team, starting with utility coin Toncoin (TON, “B-”).
To your health and wealth,
Dawn Pennington
Editorial Director
