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Bitcoin Surpasses $39K, Achieving 19-Month Peak in Saturday’s Crypto Market Surge
2.12.2023
On Saturday, December 2, 2023, the cryptocurrency market exhibited a positive trajectory, advancing by 1.91% to reach a total value of $1.48 trillion. Notably, bitcoin achieved a peak of $39,705 within the day, marking its highest value since late April 2022. Crypto Economy Climbs Nearly 2%...
L2 Crypto Project Blast Achieves $660M TVL Amid Mockery for Key Developer Recruitment
2.12.2023
Recent data reveals that Blast, the new layer two (L2) blockchain platform, has amassed a significant $660 million in value within its decentralized finance (defi) protocol. Concurrently, while accumulating a variety of crypto assets, the initiative has commenced a search for experienced senior...
FDUSD Nears $1 Billion Cap — A Rapid 253% Surge in Supply Since August
2.12.2023
Recent data indicates that the market capitalization of the newly introduced stablecoin, first digital usd (FDUSD), is approaching the $1 billion threshold. This growth, a 253% increase in supply, has been recorded since August 4, 2023. Currently, the circulation of FDUSD tokens stands at...
GHO Stablecoin Hits $0.98 Target as Strategic Initiatives Spearhead Turnaround
2.12.2023
Beginning in mid-July 2023, the stablecoin from Avara (previously known as Aave), a decentralized finance firm, consistently traded below its target $1 peg, reaching a low of $0.917 on October 24. Nonetheless, in recent weeks, the Liquidity Committee of the project undertook efforts to rectify this...
XRP Price Prediction as XRP Climbs 2% Amid Trading Volume Slump – Will XRP Continue Its Upward Trend?
2.12.2023
In the dynamic tapestry of the cryptocurrency market, Ripple’s XRP has painted a streak of resilience, climbing 2% in value amid a broader slump in trading volumes. This modest yet significant rise positions XRP at $0.61399, as of December 2, portraying a market that is cautiously optimistic...
Will Bitcoin Futures ETFs Crumble After Spot ETF Approval? Interview With ProShares
2.12.2023
Source: Adobe Stock As Bitcoin (BTC) surged passed $38,000 in November, the ProShares Bitcoin Strategy ETF (BITO) has tapped a new all-time high for assets under management (AUM). On Tuesday, the fund’s Bitcoin futures contracts reached a record $1.47 billion in value. That’s up from $1.1 billion...
Bitcoin Technical Analysis: BTC Bulls Break Resistance, Holding Above $38K
1.12.2023
While U.S. equities and precious metals remain flat, bitcoin has seen an uptick in value over the past day. Currently valued at $38,376, with an intraday range stretching from $37,547 to $38,804, bitcoin’s market capitalization stands at $750 billion. Over the past 24 hours, bitcoin...
Bitcoin Price Prediction: BTC Hits $38,000 Amid MicroStrategy Buy & SEC ETF Buzz
1.12.2023
Bitcoin, the trailblazing cryptocurrency, has recently witnessed a surge in its value, trading over $38,000 with a over 0.50% increase on Friday. This spike is partially fueled by MicroStrategy’s strategic move to bolster its Bitcoin reserves, involving a substantial $750 million stock...
“MUNGER” Coin Rises 31000% After Charlie Munger’s Death, Crashes Within One Day
30.11.2023
Source: Pixabay A memecoin minted shortly after billionaire Charlie Munger’s death experienced a staggering surge of over 31000% on Wednesday, but lost more than 98% of its value the next day. As news broke of the Berkshire Hathaway vice chairman’s death, the MUNGER memecoin rose more than 31000%...
New Ethereum Layer-2 Blast Closes in on Solana After Reaching $600 Million TVL in 10 Days
30.11.2023
Source: Screenshot from Blast.io The total value locked (TVL) on the newly launched Ethereum-based layer 2 network Blast has already closed in on Solana’s TVL after being live for just 10 days. Judging from data from Defi Llama, Blast currently boasts an impressive TVL of $621.6 million, just below...
AI-Focused Cryptocurrency Sector Expands by $2 Billion in Less Than 2 Weeks
29.11.2023
Recent market data reveals a significant surge in the AI-focused cryptocurrency sector, with its value ballooning by nearly $2 billion in just under two weeks. A major contributor to this growth is the token bittensor (TAO), which soared 86.5% in the last fortnight. AI Crypto Economy Rebounds...
TORN Token Price Tanks 60% Following Binance Delisting News – Here’s What Happened
28.11.2023
Source: Adobe / maurice norbert TORN, the governance token of the Ethereum-based coin mixing protocol Tornado Cash, lost more than half of its value within just an hour on Monday after Binance said it would delist the token. From trading at a price right around $4 at 6 am UTC time on Monday, TORN...
Average value of undeclared crypto in Japan dropped 19% in 2022
27.11.2023
The number of tax evasion cases featuring crypto assets rose 35% last year when compared to 2021
S2F Creator Plan B’s Prophetic Call — ‘Enjoy Sub-$40K Bitcoin While It Lasts’
26.11.2023
Willy Woo, an onchain analyst, recently predicted that bitcoin’s value might consistently stay above the $30K mark. Earlier this week, the statement was complemented by Plan B, the developer of the stock-to-flow (S2F) price model, who presented a realized price chart and urged enthusiasts...
Grayscale’s GBTC Witnesses Historic Shrink in Discount to NAV as Metric Taps Single Digits
25.11.2023
On Friday, data revealed a notable shift in Grayscale’s Bitcoin Trust, commonly referred to as GBTC, as its discount to net asset value (NAV) contracted to single digits for the first time in 2023. The figures indicate that GBTC’s discount reached 8.06%, a level last observed two years ago....
Stablecoin Market Rebounds — $5.48 Billion Growth in 22 Days
25.11.2023
Over the last few weeks, the market value of leading stablecoins has experienced a notable increase. The economy of these fiat-pegged tokens expanded from $123.66 billion to the present $129.14 billion. This substantial growth of almost $6 billion comes after the stablecoin industry shed tens...
Bitcoin Technical Analysis: Bulls Eye $38K Amid Stiff Resistance
24.11.2023
Bitcoin’s price on November 24, 2023, reflects a steady rise in value, standing at $37,903. Over the past 24 hours, BTC has fluctuated between $36,972 and $38,078, with a trading volume of $17.41 billion, signaling strong market activity to end the week. The crypto asset’s market...
Singapore’s Blockchain-Powered ADDX Exchange Lists AI-Enabled Equities Funds
24.11.2023
Source: Pexels Singapore’s blockchain-powered private markets exchange, ADDX, has listed a deep-value equity fund managed by Aggregate Asset Management (AAM) to its platform. This fund, which uses machine learning to optimize investment strategy and returns, aims for a compound annual growth...
L2 Protocol Blast Secures $230M TVL in 48hrs as Yield Concerns Arise
24.11.2023
Source: Blast Blast, a new Ethereum Layer 2 network, has achieved an impressive Total Value Locked (TVL) of over $230 million within 48 hours of its unveiling. However, there’s a unique twist – the network does not exist yet. Blast has reached $230 Million in TVL within 48 hours. 37,131...
PancakeSwap Introduces New Voting System ‘Gauges’ for Governance Token Holders
23.11.2023
Adobe Stock / JorgeEduardo Decentralized crypto exchange Pancakeswap has launched a new voting system called “Gauges” and “veCAKE,” a new vote-escrowed system that allows users to vote on governance proposals and determine CAKE emissions allocations. According to a Nov....