Cardano (ADA) has remained in the top 10 cryptocurrencies by market cap despite a brief slowdown this week. Over the past day alone, ADA gained over 7%, depicting its revival with the onset of the bull market. Furthermore, a crucial on-chain metric has reached heights last seen over two years ago, further validating the bullish...Read More
American crypto exchange Coinbase will stop offering rewards to holders of the USD Coin (USDC) stablecoin located in the European Economic Area (EAA) on November 1. In a note to clients, the exchange explained that the move had been triggered by “new requirements for e-money tokens” that are expected to come into effect with the...Read More
Russia is one step closer to implementing a comprehensive framework for taxing cryptocurrency transactions and mining. Its Federation Council approved a federal bill on November 27, following its passage in the State Duma. The legislation, which awaits President Vladimir Putin’s signature to become law, classifies digital currencies as property and exempts crypto transactions from value-added...Read More
Taiwan’s Financial Supervisory Commission (FSC) will enforce new anti-money laundering (AML) regulations for cryptocurrency service providers starting November 30. The upcoming rules require crypto exchanges and other virtual asset service providers (VASPs) to register for AML compliance. AML Framework The deadline for mandatory AML registration for crypto companies was initially January 1, 2025, but the...Read More
The 2024 cryptocurrency market witnessed an explosive rally, spurred by Donald Trump’s victory in the Presidential Election. Data suggest that interest in Layer 1 blockchain solutions has soared, as these platforms provide the foundation for dApps and Smart Contracts, intensifying the race for L1 dominance. Unlikely Cryptos Take Center Stage According to the latest report...Read More
Boyaa Interactive, a leading Chinese gaming firm on the Hong Kong Stock Exchange, has reallocated a significant portion of its crypto assets from Ethereum to Bitcoin. As per a November 29 filing, the company reported converting 14,200 ETH into approximately 515 BTC in an open-market deal worth more than $49 million. The Ethereum had been...Read More
Despite bitcoin’s price turmoil over the past week, Ki Young Ju, the founder and CEO of the market analytics platform CryptoQuant, believes the leading digital asset’s dominance is less likely to decline soon. Historical data shows that alternative cryptocurrencies (altcoins) have always rallied when BTC retraces and seen a decline in market dominance during bull...Read More
Bitcoin (BTC) is still far from the overvalued levels that indicate the end of a bull cycle despite having rallied above $99,000 last week. According to on-chain data analyzed by CryptoQuant, the cryptocurrency can still surge past $100,000 to $146,000, the top target from a realized price valuation perspective. This perspective indicated the top price...Read More
Bankrupt crypto lending firm Celsius has announced plans to distribute an additional $127 million to creditors. The company’s estate revealed that this distribution will be made from its “Litigation Recovery Account ” and will benefit claimants in specific classes. Distribution Details According to a November 27 filing, the funds will be disbursed to those with claims...Read More
Ether (ETH) has been on a positive trajectory over the past week, with the network’s dynamics showing some improvement. Crypto market analysts say there is still room for growth. According to a report by CryptoQuant analyst Shayan, Ethereum futures market funding rates signal that ETH has not entered an overheated phase. Hence, the cryptocurrency may...Read More
Coinbase’s decision not to support Celo’s migration from a Layer 1 blockchain to a Layer 2 solution on Ethereum has sparked significant debate within the crypto community. In a recent announcement, Coinbase urged users to withdraw their CGLD (Celo L1) tokens by January 13, 2025, to avoid losing access to their funds. The migration, planned...Read More
Vancouver Mayor Ken Sim has revealed plans to incorporate Bitcoin (BTC) into the city’s investment portfolio, aiming to position the town as a crypto-friendly hub. This initiative seeks to diversify the city’s financial assets by including Bitcoin on its balance sheet. The Mayor’s Plan During a November 26 Vancouver city council meeting, Sim introduced a...Read More
MARA, formerly Marathon Digital, has announced the purchase of an additional 703 BTC. This recent initiative follows an earlier purchase of 5,771 Bitcoin (BTC) on November 23, bringing the total number of buys through its $1 billion convertible note offering to 6,474 BTC. MARA’s BTC Holdings According to a Nov. 27 X post, both transactions...Read More
Leading DEX platform, Uniswap notched a new record in terms of monthly trading volume on Ethereum Layer 2 solutions, as DeFi users flocked back to the platform in droves. Data compiled from Dune Analytics shows that Uniswap recorded $38 billion in trading activity across major L2 networks, including Base, Arbitrum, Polygon, and Optimism. The November...Read More
Economic data released in the United States on Wednesday has raised red flags as Core PCE inflation has increased to 2.8% for October. The Personal Consumption Expenditures report reflects the average amount of money consumers spend monthly and is used by central bank policymakers as their primary inflation gauge. “The Fed’s worst nightmare is officially...Read More
Bitwise Asset Management has submitted a proposal to the U.S. Securities and Exchange Commission (SEC) for a new exchange-traded fund (ETF) based on its existing 10 Crypto Index Fund. The ETF would include ten leading cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, Cardano (ADA), Avalanche (AVAX), Chainlink (LINK), Bitcoin Cash (BCH), Polkadot (DOT), and...Read More
Ethereum is finally moving independently from its big brother, Bitcoin, which has corrected over the past week. As a result, ETH prices hit $3,682 during early trading in Asia on Thursday, its highest level since June 10. This culminated in an 18% gain over the past week. Conversely, Bitcoin has declined by 2% over the...Read More
Prominent blockchain detective ZachXBT has uncovered a hacking spree targeting popular accounts on X and Instagram, which fueled a wave of pump-and-dump schemes linked to meme coins launched on Pump.fun. Celebrities such as musicians Usher and Wiz Khalifa, actor Dean Norris, as well as a Japanese public aquarium fell victim to these attacks. Hacks Targeting...Read More
Following Donald Trump’s presidential victory and his promise to establish a strategic Bitcoin reserve, momentum has surged around the idea of integrating Bitcoin into the nation’s economic and geopolitical strategy. In the latest development, crypto miner MARA Holdings has urged the United States to aggressively pursue leadership in the sector and in Bitcoin mining, positioning...Read More
After years of positioning itself as the dominant regulatory force in the digital asset space, often at odds with crypto advocates, the Securities and Exchange Commission (SEC) faces a significant shift in jurisdictional control. Amidst mounting frustration with the agency’s combative approach, the incoming Trump administration is pushing to expand the Commodity Futures Trading Commission...Read More
Bitcoin’s recent explosive price action has resulted in a significant surge in profit-taking among long-term holders (LTHs). According to a review by Glassnode, the LTHs have realized $2.02 billion in daily profits, eclipsing the figure recorded in March 2024 and marking a new all-time high (ATH). Long-Term Holders Ramp Up Distributions The blockchain intelligence platform’s...Read More
Pump Science, a decentralized science (DeSci) launch platform on Solana, has disclosed a severe security breach involving one of its wallet addresses. The wallet’s private key, identified as T5j2UB…jjb8sc, was inadvertently exposed by a developer who embedded it in the platform’s codebase. The error allowed attackers to hijack the wallet, leading to the unauthorized creation...Read More
Ripple Labs has announced a $25 million contribution to the cryptocurrency-focused Fairshake political action committee (PAC). This latest injection increases Fairshake’s total war chest for the upcoming 2026 congressional elections to $103 million. Ripple’s Support The donation follows Fairshake’s influential role in the 2024 elections, where it emerged as the largest PAC of the cycle....Read More
MicroStrategy stock (MSTR) has fallen a whopping 35% from its peak of $535, seen on November 21. The shares tanked to $340 on Tuesday before recovering to end the day’s trading at $353, according to Google Finance. The Kobeissi Letter reported on Nov 27 that this equates to around $30 billion in market capitalization erased...Read More
The federal appeals court ruled against the US Treasury Department’s sanctions on Tornado Cash in a Court of Appeals in New Orleans on Tuesday, Nov. 26. The three-judge panel determined that the Treasury overstepped its legal authority by sanctioning the software itself rather than specific individuals or entities. The court found that the Tornado Cash...Read More
Solana-based meme coin generator Pump.fun has announced pausing the live streaming functionality on its site for an indefinite time period “until the moderation infrastructure is ready to deal with the heightened levels of activity.” The latest move comes after coming under fire for its controversial livestream feature, which has been exploited for disturbing acts. Pump.fun...Read More
Ripple has announced teaming up with Archax, a UK-based FCA-regulated digital asset exchange, to launch a tokenized money market fund on the XRP Ledger (XRPL). The fund, managed by UK asset manager abrdn, is part of its £3.8 billion US Dollar Liquidity Fund (Lux). This move marks the first instance of a tokenized money market...Read More
Although market dynamics signal the onset of an altcoin season, Bitfinex believes any major correction in bitcoin’s price would be magnified in these assets. Over the past three weeks, the Total3 Index, which refers to the market capitalization of cryptocurrencies excluding bitcoin (BTC) and ether (ETH), has rallied to levels not seen in three years,...Read More
Justin Sun seems to be seizing every opportunity that crosses his path, with his latest move making waves in the industry. The founder of the Tron blockchain has become the largest investor in Donald Trump’s World Liberty Financial, investing $30 million in the project’s token. Justin Sun’s Bold $30M Bet On November 26th, Sun took...Read More
The incessant creation and launch of meme coins in the crypto ecosystem have caught the attention of prominent personalities, resulting in a call for fewer meaningless tokens and the development of more useful applications. Changpeng Zhao (CZ), the founder and former CEO of the world’s largest crypto exchange, Binance, lent his voice to the cause...Read More
