Movement celebrated the launch of its layer-2 mainnet beta by launching its MOVE token, with a huge airdrop for early users.
Tether's dominance in the stablecoin market remains unchallenged, with 330 million on-chain wallets holding USDT by Q3 2024, far outpacing all other stablecoins.
"There's just so much more possibility and potential energy in Solana," Resnick told CoinDesk after quitting his Consensys job for a job at Anza.
The crypto market experienced a cascade of liquidations over the past 24 hours, totaling $1.52 billion, as Bitcoin (BTC) underwent yet another flash crash. According to Coinglass data, longs made up the vast majority of the amount, with $1.39 billion liquidated across the market, while short liquidations accounted for $137 million of the total.
Monday proved to be a tough day for cryptocurrency markets, with the crypto economy shrinking by 6.31% in just 24 hours and $1.5 billion in crypto derivatives positions vanishing. Bitcoin (BTC) found itself hanging on between $96,800 and $97,000 per coin, though it briefly plummeted to $94,249, setting off the turmoil.
Ethereum (ETH) is on track to reach new all-time highs in the near future, according to a popular pseudonymous crypto analyst known as Pentoshi. In a recent update to his 799,900 followers on X (formerly Twitter), Pentoshi shared his bullish outlook for Ethereum, citing strong demand for spot Ethereum exchange-traded funds (ETFs) as a key driver behind the altcoin's upward momentum.
The document would see Russia create a bitcoin reserve similar to its traditional currency reserves.
An analyst has explained how XRP could eventually reach a $4.40 price target based on the bull pennant pattern that has formed in its 4-hour price. XRP Has Just Shown Its Third Straight Bull Pennant Pattern In a new post on X, analyst Ali Martinez has discussed the bull pennant patterns that have formed for XRP recently.
Genius Group has increased its Bitcoin reserve by investing another $2.2 million.
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The total crypto market cap slumped by over $250 billion at one point,
Bitcoin, the world's biggest and best-known cryptocurrency, fell 5% to $95,519 at 2103 GMT on Monday.
Justin Sun, the founder of Tron, executed a transfer of 29,920 ETH valued at $119.7 million to HTX following Ethereum's impressive surge past the $4,000 mark. The transaction has sparked discussions regarding Sun's strategy—whether he's cashing out or setting the stage for additional profits.
Russian lawmaker proposes a national Bitcoin reserve to hedge against sanctions, aligning with efforts to integrate digital assets. The post Russian lawmaker proposes national Bitcoin reserve appeared first on Crypto Briefing.
Fundstrat chief investment officer Tom Lee says Bitcoin's (BTC) recent strength is foreshadowing future rallies in another asset. In a new interview on CNBC, Lee says that BTC's strong rallies over the last quarter are a sign that investors have a high-risk appetite and that future rallies in the S&P 500 are to be expected.
Ripple (XRP) price has surged more than 330% in the last 30 days, surpassing Solana's market cap and reaching its highest levels in 6 years. However, its RSI is now at 46, a significant drop from the overbought level above 70 that was seen between November 29 and December 3, when XRP peaked around $2.90, its highest level since 2018.
ETH price lost the $4,000 level as Bitcoin and altcoins corrected. Is this a standard correction or is something else at play?
Riot Platforms plans to raise $500 million through a private offering of convertible senior notes, aimed at institutional investors, to fund Bitcoin acquisitions and support corporate initiatives as the cryptocurrency market approaches all-time highs. The post Riot Plans $500M Convertible Notes Offering to Fund Bitcoin Purchases appeared first on Cryptonews.
Cryptocurrency markets are trading lower despite U.S. Bitcoin ETF inflows nearing $10 billion. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $97,080.94 -2.8% Ethereum (CRYPTO: ETH) $3,798.59 -4.7% Solana (CRYPTO: SOL) $222.86 -5.6% Dogecoin (CRYPTO: DOGE) $0.4355 -6.3% Shiba Inu (CRYPTO: SHIB) $0.00002971 -7.2% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 2.4% and daily active addresses increasing by 8.7%.
A former XRP skeptic has made an unexpected statement declaring the present price chart of XRP to be the best among all the cryptocurrencies. This surprising praise has sparked debates about Ripple's digital currency, which still attracts strong advocates as well as outspoken detractors.
Gold advocate and economist Peter Schiff is not exactly cheering from the sidelines when it comes to a U.S. strategic bitcoin reserve. On Monday, he sparked conversation on social media, declaring that the smartest move President Joe Biden could make before leaving office is to offload all the U.S. government's bitcoin holdings.
Dogwifhat price, a Solana-based meme coin, has soared by 70% in the past month, gaining significant investor interest. Analysts now anticipate a potential breakout above the $10 mark, driving heightened optimism around the token's bullish trajectory.
Bitcoin briefly rose back above $100K on Monday morning, but has since fallen, dragging many other major assets along with it.
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Andy Baehr of CoinDesk Indices discusses the growing influence of U.S. politics on crypto prices and how long that influence will last.
Solana (SOL) price is currently trading roughly 15% below its all-time high reached on November 22, while its market cap it's now at $107 billion, surpassing tech giant Xiaomi. Despite a positive BBTrend on December 8, indicating some upward momentum, it has since weakened and is now at 0.66, suggesting that the trend could reverse soon.
Ripple CEO Brad Garlinghouse has addressed recent comments made by former SEC official John Reed Stark during a recent "60 Minutes" episode, arguing that his points were "provably false."
The National Center for Public Policy has recommended Amazon convert at least 5% of its assets into Bitcoin, right as Microsoft considers its own BTC move.
On-chain data reveals that a whale has increased their Eehereum holdings with a substantial purchase.
The crypto market faces turbulence as Bitcoin slips below $98,500. Despite minor dips, Toncoin and Solana hold key levels, sparking speculation of fresh highs. With strong fundamentals and robust network activity, the path forward hints at significant potential, even amid liquidation pressures.
Jetking Infotrain, a 77-year-old Indian IT training company, has become the first publicly listed business in India to adopt Bitcoin as part of its corporate treasury strategy. The company announced the purchase of 12 Bitcoin (BTC), valued at approximately $1.
The U.S. Treasury Department is acknowledging the benefits of asset tokenization and comparing Bitcoin (BTC) to gold. In a new report, the Treasury Department calls the top crypto by market cap a store-of-value asset boosted by speculators. “The use case of digital assets continues to evolve, but interest has proceeded along two main tracks.
Jetking Infotrain became India's first publicly traded company to adopt Bitcoin (BTC) as a reserve asset for its treasury after purchasing 12 BTC on Dec. 9, according to the firm's CEO Avinash Bharwani. The company's Bitcoin reserve is worth roughly $1.2 million, at $97,986.35 per BTC as of press time.
Bitcoin's price movements, meanwhile, exhibit the strongest historical correlation with U.S. stock indices, suggesting that any downturn in equities could trigger a simultaneous correction in Bitcoin. The post Bitcoin's Rally Could Hit Pause in 2025, Says Crypto CEO appeared first on Cryptonews.
A group of Amazon shareholders is requesting the American multinational technology company to consider allocating a minimum of 5% of its assets to Bitcoin (BTC) to protect against inflation and boost shareholder value. The proposal was submitted by the National Center for Public Policy Research (NCPPR), a conservative think tank.
Jupiter token holders approved a pair of airdrops via a revised proposal, not long after rejecting a plan to hand out $1.7 billion in JUP.
Bitcoin's price has been facing significant fluctuations recently, but that hasn't stopped institutional investors from pouring billions into Bitcoin Exchange Traded Funds (ETFs). In fact, this week, Bitcoin ETFs recorded a staggering $2.7 billion in total inflows, signaling robust investor confidence despite recent market uncertainty.
In an interview with Barstool Sports founder Dave Portnoy, Michael Saylor revealed he would never stop buying Bitcoin. The Microstrategy executive told Portnoy that he will still buy more Bitcoin at a billion dollars a day when the asset retails at a million dollars per coin.
The software firm raised its total Bitcoin holdings to 423,650. MicroStrategy announced the acquisition of 21,550 BTC for $2.1 billion.
The mining business wants to provide the initial buyers of the notes an extra $75 million in total principal. Convertible senior notes maturing in 2030 worth $500 million were proposed for private sale.
Shareholders argue the company has a fiduciary duty to add assets to its treasury that outperform bonds, despite short-term volatility.
Despite profit taking retail demand for BTC remains strong.
MicroStrategy bought 21,550 more Bitcoin today, spending $2.1 billion. This is the company's second purchase in December, spending $98,783 per BTC.
Bitcoin has experienced a whirlwind of volatility over the weekend, reaching the psychological $100K mark and a new all-time high of $103,600. Despite this milestone, the price continues to struggle to maintain levels above $100K, raising questions about the strength of the current rally.
The former Binance CEO said that the Chinese government's lack of transparency overall made it difficult to predict any crypto policies.
History shows Ethereum has defied the odds to stay the top altcoin—making a $16K target seem possible.
Solving Bitcoin interoperability through a “layer 0” network can unlock its full potential in Web3.
Where is bitcoin's next resistance level? Data from Deribit shows that BTC's $120,000 strike call option is the most popular contract at the moment, with a notional open interest of over $1.9 billion.