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Bitcoin Slides Near $94K, But Short-Term Bullish Target of $100K BTC Unchanged
26.11.2024
A bitcoin-led crypto market correction continued into its third day as the asset lost a further 3.5% in the past 24 hours.However, bitcoin tends to bounce back when short-term holders sell at a loss. And some say this creates a buying opportunity for traders at current levels.It's a ride that some...
U.K. Financial Regulator Aims for Crypto Regime by 2026
26.11.2024
The U.K. Financial Conduct Authority (FCA) said it wants to implement a crypto regime by 2026.Ownership of crypto assets grew by 4% in the past two years, to include some 7 million adults out of the country's roughly 68 million population
Why Memecoins Matter
25.11.2024
Memecoins are the most divisive topic in crypto.By memecoins, I mean tokens that represent an idea and fluctuate in price based on the attention that idea receives. The best meme investors tend to be young people who are very online and attuned to internet culture. Memecoins are commonly juxtaposed...
Ether Favored in Crypto Rotation as Bitcoin Recoils Off $100K Sell Wall
25.11.2024
ETH advanced 4% during the day, outperforming BTC's 1.5% loss and slight gains of the broader market benchmark CoinDesk 20 Index.The ETH/BTC ratio hit its weakest level in three years last week, but has rebounded since and is poised for more gains, observers noted.Bitcoin is likely to move sideways...
Trump's Sluggish DeFi Project Gets a Big Boost From Justin Sun's $30M Token Purchase
25.11.2024
The Donald Trump-backed cryptocurrency platform World Liberty Financial got off to a sluggish start, with investors buying far fewer of its WLFI tokens than the project hoped for.But now, Chinese-born crypto billionaire Justin Sun has just given it a significant boost, buying $30 million worth...
Avalanche Blockchain's Largest-Ever Upgrade Goes Live on Testnet
25.11.2024
Avalanche’s largest upgrade to date, Avalanche9000, went live on testnet Monday.The upgrade is designed to cut costs of sending transactions and operating validators, making it easier to build apps on the network
Bitcoin Buying Plans Are Supercharging Stocks. Is This a Michael Saylor Redux — or Another 'Long Island Iced Tea' Fad?
25.11.2024
Following MicroStrategy's successful bitcoin buying strategy, many companies, some microcaps and unrelated to crypto, started announcing similar steps.The strategy has led to significant short-term share price rallies for some of these companies, but according to market observers, the long-term...
Mudslinging Sullies Prediction Markets Just as Sector's Prospects Brighten
25.11.2024
Kalshi paid social media influencers to talk trash about its rival Polymarket's founder, Shayne Coplan, an incendiary article in Pirate Wires revealed.Someone apparently decided to launch a retaliatory smear campaign against Kalshi. (Polymarket denies any involvement.)All of this is happening just...
Tornado of Administrative Overreach: Challenging Sanctions of Crypto Mixing Services
25.11.2024
Cryptocurrency transactions are often anonymous, but they’re not private. In fact, they’re quite public. Anyone with the right technical know-how can see every transaction ever made on most publicly accessible blockchains.This radical transparency and traceability has made it easier (contrary...
CoinDesk 20 Performance Update: XLM Surges 47.7% as Index Rises Over 100 Points
25.11.2024
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.
The CoinDesk 20 is currently trading at 3382.04, up 3.2% (+104.5) since 4 pm ET on Friday.
Seventeen of 20 assets are trading higher.Leaders: XLM (+47.7%) and...
Former Grayscale CEO Michael Sonnenshein Joins Aptos Labs as Adviser
25.11.2024
Michael Sonnenshein, the former CEO of Grayscale Investments, has joined Aptos Labs as an adviser alongside OpenAI's chief product officer, Kevin Weil.Aptos Labs said it will harness Sonnenshein's knowledge to bring more traditional financial institutions to the network
First Mover Americas: Bitcoin Regains $98K After Weekend Slump
25.11.2024
Bitcoin returns to $98,000.Crypto futures saw $500 million in liquidations amid volatility.Brokers raise price targets for MicroStrategy
Michael Saylor's MicroStrategy Makes Mammoth BTC Purchase, Adding 55,500 Tokens for $5.4B
25.11.2024
MicroStrategy bought 55,500 more bitcoin over the past week for $5.4B, bringing its total holding to 386,700 BTC. MicroStrategy recently entered the top 100 U.S. publicly traded companies by market cap, briefly surpassing $100 billion valuation. The Nasdaq 100 Index begins its annual reranking this...
Bitcoin Options Worth $9B Expire Friday, Traders May be Thankful for the Post-Thanksgiving Volatility
25.11.2024
November's expiry is due Friday at 08:00 UTC, with $9.4 billion in options expiry for bitcoin.Bitcoin's max pain price is $78,000, significantly lower than the current spot price. The majority of the put open interest represent hedging activity and not outright downside bets: European Head...
MicroStrategy Is a Bitcoin Magnet Pulling in the Earth's Capital Reserves: Bernstein
25.11.2024
Bernstein raised its MicroStrategy price target to $600 from $290.Broker Canaccord also increased its price target for the software company, to $510 from $300.The shares rose over 6% in early trading Monday
Crypto Gets Shock Video Dose as Users Stream 'NSFW' Content to Pump Their Memecoins
25.11.2024
Early 2000s-style internet shock videos are making the rounds on a popular crypto platform, with such content including extreme acts like individuals engaging in self-harm, animal cruelty, and explicit sexual content to attract attention and potentially increase token value.Despite the platform's...
Crypto Gets Shock Video Dose as Users Stream 'NSFW' Content to Pump Their Memecoins
25.11.2024
Early 2000s-style internet shock videos are making the rounds on a popular crypto platform, with such content including extreme acts like individuals engaging in self-harm, animal cruelty, and explicit sexual content to attract attention and potentially increase token value.Despite the platform's...
Koreans Go Full Monty on DOGE, XRP, XLM After Trump's Win; Now Look to SAND Token
25.11.2024
DOGE, XRP and XLM are the most traded cryptocurrencies on Upbit since Donald Trump's election victory. The latest activity points to a pivot toward metaverse tokens
Tether in Talks to Support Cantor Fitzgerald’s Planned Bitcoin Lending Program: WSJ
25.11.2024
Tether may take part in Cantor’s multi-billion dollar bitcoin financing program.The latter already owns a 5% stake in Tether and custodies its U.S. Treasuries
Axie Infinity Creator Cuts 21% of Staff Despite Year of ‘Valuable Growth'
25.11.2024
Sky Mavis has laid off 21% of its workforceThe web3 firm said the decision was not related to its finances