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Value Locked in Defi Nears $50B With 34.40% Surge in 46 Days, Led by Top Protocols
3.12.2023
The total value locked (TVL) in decentralized finance (defi) is on the brink of surpassing the $50 billion threshold, standing at $48.91 billion currently. This figure marks a significant rebound from the low of $36.39 billion recorded 46 days ago, on October 18. Over this period, the TVL in defi...
Skybridge Capital Founder Scaramucci Predicts Massive Capital Inflow From Wall Street Into Spot Bitcoin ETFs
3.12.2023
Skybridge Capital founder Anthony Scaramucci has predicted a substantial influx of capital from Wall Street into spot bitcoin exchange-traded funds (ETFs) once they are approved by the U.S. Securities and Exchange Commission (SEC). He highlighted the unleashing of salesforces from major...
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...
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...
IRS Deals Devastating Blow to FTX With $24 Billion Tax Claim, Crypto Exchange Pushes Back
1.12.2023
FTX has challenged the potentially fatal tax claims levied by the IRS last month for $24 billion. Image by Michael O’Keene, Adobe Stock. According to a November 30 filing by FTX debtors, the IRS tax claims of $24 billion filed in early November are “completely unsubstantiated”...
Bitcoin Price Prediction as Whales Poised to Push Price Above $40,000 – Will They Succeed?
1.12.2023
As the cryptocurrency world closely watches, Bitcoin stands on the brink of a potential breakthrough, with its current price hovering around $38,150. With a substantial 24-hour trading volume of $19.4 billion, Bitcoin has shown a modest but noteworthy increase of nearly 0.50% in the last day....
Ethereum’s Layer 2 Blast Skyrockets to Half a Billion, Meme Moguls (MGLS) Sees Inflow of New Investors
1.12.2023
The DeFi ecosystem has been agog with the launch of Ethereum’s Layer 2 project, Blast”, which aims to eradicate issues relating to speed, cost, and scalability. While the market is still basking in excitement, Meme Moguls, currently undergoing its presale, is tapping into the wave, pulling...
Ethereum Technical Analysis: ETH Momentum Stops Short After Hitting $2,100 Barrier
1.12.2023
Similar to bitcoin prices, the second leading crypto asset in terms of market capitalization has risen on Friday, jumping 2% against the U.S. dollar. The 24-hour price range of ether has been recorded between $2,024 and $2,111, reflecting a volatile yet upward trajectory. Ether now stands with...
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...
Microstrategy’s Bitcoin Stash Grows to 174,530 BTC With Latest Purchase
1.12.2023
Microstrategy has expanded its bitcoin holdings with the acquisition of 16,130 more bitcoins. With this latest purchase, the Nasdaq-listed software intelligence firm is now hoding 174,530 bitcoins, acquired for around $5.28 billion. Since adopting its bitcoin strategy, Microstrategy’s stock...
Just In: Billionaire Michael Saylor Purchases a Further $593 Million in Bitcoin – Total Holdings Now Exceeding $5 Billion
30.11.2023
Michael Saylor, billionaire CEO of enterprise analytics firm MicroStrategy, has once again demonstrated his unwavering commitment to Bitcoin by purchasing an additional $593 million worth of the cryptocurrency. In a tweet posted on November 30, Saylor revealed that MicroStrategy acquired 16,130...
XRP Price Prediction as $1 Billion Trading Volume Comes In – Can XRP Reach $1 This Week?
30.11.2023
Source: Bing Image Creator The XRP price has dipped by 1% in the past 24 hours, dropping to $0.603258 as the wider crypto market suffers a 0.5% fall today. XRP has now declined by 2% in a week and by 6% in a fortnight, yet the altcoin remains up by 4% in the last 30 […]
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Wormhole Raises $225 Million at $2.5 Billion Valuation in 2023’s Largest Crypto Fundraise
29.11.2023
Source: Adobe Interoperable blockchain protocol Wormhole has achieved another significant milestone with a $225 million seed fund raised from a group of prominent investors in the crypto landscape. This fundraising is the largest in the Web3 ecosystem so far this year, propelling Wormhole’s...
Crypto Regulation News Weekly Digest: CZ’s Guilty Plea and Grayscale’s Bitcoin ETF Prospectus
29.11.2023
Crypto regulation evolves through CZ plea deal, Grayscale Bitcoin ETF application, Singapore bans, and Lagarde’s personal experience. Image by Titiwoot Weerawong, Vecteezy Last week brought several major developments on the crypto regulation front. Binance founder Changpeng Zhao pleaded...
Binance’s Thai Expansion With Gulf Energy Under Scrutiny Post $4.3 Billion US Penalties
29.11.2023
Source: Pixabay Binance is reportedly facing challenges in Thailand ahead of its plans to launch a new crypto platform with billionaire Sarath Ratanavadi’s Gulf Energy. The beleaguered exchange, which is currently facing criminal charges and civil lawsuits in the US, is under scrutiny in Thailand....
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...
Wormhole raises $225M at $2.5B valuation
29.11.2023
The protocol reached a total value locked of $3.8 billion at its peak
Bitcoin Technical Analysis: BTC Bulls Attempt to Break Upper Resistance
29.11.2023
The price of bitcoin is hovering just above the $38K range after a bullish trading day on Tuesday following U.S. Federal Reserve Governor Chris Waller’s dovish speech. Bitcoin’s 24-hour range has been between $37,156 to $38,450 and it currently has a market capitalization of around...
Coinbase CEO Brian Armstrong: Binance Settlement Marks a Turning Point for Crypto
28.11.2023
Coinbase CEO Brian Armstrong. Source: Source: Getty Images In an interview with CNBC, Coinbase CEO Brian Armstrong has expressed optimism about the crypto industry’s future following the historic $4 billion settlement imposed on Binance. In the interview, Armstrong said he believes...
SEC Struggles to Serve Richard Heart in Multi-Billion Dollar Crypto Case
28.11.2023
In an interesting turn of events, the U.S. Securities and Exchange Commission (SEC) faces challenges in its billion-dollar lawsuit against cryptocurrency figure Richard Heart. A recent court filing reveals that the SEC has yet to successfully serve Heart, complicating the high-profile case. Legal...