The U.S. has imposed sanctions on Iraqi airline Fly Baghdad and its CEO for allegedly aiding Iran's military wing, and has also issued a fifth round of sanctions on Hamas for their misuse of cryptocurrency following the attack on Israel, amidst ongoing conflict in the region.
Dogecoin experienced a 12% spike following the excitement surrounding the new XPayments account on Twitter, although there is no confirmation yet from Elon Musk or Twitter about payment functions, traders are anticipating the integration of Dogecoin into Musk's business ecosystem.
FTX sister firm Alameda Research has dropped its lawsuit against Grayscale Investments following the conversion of its flagship trust product into an exchange-traded fund (ETF).
Ethereum's price is currently trading within a significant horizontal area that previously acted as resistance, and it is also supported by various short-term levels, indicating that the future trend of ETH is still uncertain but analysts have a bullish view on it.
Aping, a new crypto company focused on the adult entertainment industry, aims to revolutionize the sector by offering a crypto-first revenue stream for adult entertainers, providing financial independence and privacy, and incorporating blockchain technology to solve banking and transaction issues.
Investors are pulling money out of high-profile crypto funds and putting it into spot Bitcoin exchange-traded funds (ETFs), resulting in billions of dollars flowing out of top funds such as Grayscale, CoinShares, and 21Shares since the launch of the Bitcoin ETFs on January 11.
The Ronin network's RON token is still performing well, reaching a two-year high amid a falling cryptocurrency market, driven by its success in the gaming industry and recent airdrop campaigns.
The 0x project has launched a new trading API called Tx Relay, which enables "gasless" swaps on Ethereum and Polygon, eliminating the need for users to pay gas fees for transactions and reducing the failure rate of decentralized exchange transactions.
The U.S. Treasury has announced that the nation's gross national debt has surpassed $34 trillion, as the government continues to lift the debt limit to avoid default. Additionally, the U.S. has imposed sanctions on Iraqi airline Fly Baghdad and its CEO for alleged assistance to Iran's military wing, and has imposed a fifth round of sanctions on Hamas for abuse of cryptocurrency since the recent conflict with Israel.
May 2022 could present a prime buying opportunity for investors bullish on Bitcoin, according to analyst Dave the Wave, who predicts a potential correction in the first quarter of the year which could serve as an ideal entry point for the next major bull market.
China's renewed currency depreciation, driven by economic concerns and foreign capital outflows, poses a downside risk to Bitcoin due to measures taken by Beijing to support the yuan.
The cryptocurrency company behind TerraUSD and Luna tokens, Terraform Labs, has filed for bankruptcy in the US after the tokens lost $40 billion in value, leading to the "cryptocrash" of 2022, and co-founder Do Kwon faces multiple legal cases and fraud charges in the US, South Korea, and Singapore.
Colorado internet pastor Eli Regalado scammed hundreds of people out of over $3 million by persuading them to invest in a fraudulent cryptocurrency called INDX coin, spending the funds on personal expenses, and claiming God's guidance in a video response to the allegations.
The Solana (SOL) price has broken down from a long-term ascending support trend line and a short-term symmetrical triangle, indicating a bearish trend and potentially falling further to $70.
The crypto market starts the week in the red, with Solana's SOL and Cardano's ADA leading the losses, while bitcoin faces downward pressure and traders anticipate prices to fall further.
The latest report from Chainalysis reveals that overall crypto crimes dropped in 2023, with significant declines in crypto scamming and hacking revenue, but experts warn that criminals are becoming more skilled at concealing their illicit activities, particularly through romance scams.
Billionaire Justin Sun has withdrawn millions of dollars worth of digital assets from Binance, including Ethereum, Aave, and Shiba Inu, according to on-chain data.
The NELK Boys' Metacard NFT, which promised access to real-world activities and the Metaverse, has been called out by YouTuber Spencer Cornelia as an alleged "NFT scam" due to unfulfilled promises and lack of returns for NFT holders.
Bitcoin's price dropped below $41,000 as investors cash out following the approval of spot Bitcoin ETFs in the U.S., leading to sell pressure and a decline in the broader crypto market.
Terraform Labs, the company behind stablecoins TerraUSD and Luna, has filed for bankruptcy in the US following the collapse of its stablecoins in 2022, leading to a loss of at least $40 billion in market value; the company plans to continue operations and support litigation pending in Singapore and the US.
Bitcoin's price has soared in recent years and gained 154% in 2023, driven by the approval of spot Bitcoin exchange-traded funds (ETFs) and an upcoming halving event, leading some investors to believe it could reach $100,000 per coin, while its decentralized and global nature makes it an attractive long-term asset to own.
Bitcoin, ethereum, and other major cryptocurrencies have experienced a significant crash amid concerns over outflows from Grayscale's bitcoin trust and JPMorgan's warning of potential profit-taking on GBTC, while the launch of BlackRock's spot bitcoin ETF has only been seen as the first step in its massive crypto plan.
The trading volume of the ProShares Bitcoin Strategy ETF (BITO) has decreased significantly since the launch of spot ETFs directly investing in cryptocurrency, but BITO is still considered an important hedging instrument in the market by observers.
Altcoins are predicted to lead the next crypto market rally, with the overall market capitalization expected to reach $2.1 trillion, according to trader Michaël van de Poppe, while Bitcoin is set for consolidation; Bitcoin dominance is also expected to peak before the BTC halving in April 2024, resulting in altcoins outperforming Bitcoin.
US banks are considering adopting Ripple's digital currency XRP for international payments following a legal victory that declared XRP a commodity, potentially reshaping the global payments industry.
Singapore-based Terraform Labs (TFL) files for Chapter 11 bankruptcy after losing billions in market value and facing legal challenges, aiming to continue operations and meet financial obligations.
Dog-themed meme tokens Dogecoin (DOGE) and floki (FLOKI) experienced a 12% increase in value before retreating, as the @xpayments profile on social app X sparked adoption hopes and trading volumes for both tokens increased by 200%.
Indonesia's upcoming general elections could have implications for the crypto industry, as potential changes in leadership may impact the country's approach to regulation and policies surrounding cryptocurrencies. While some candidates have shown interest in taxing crypto transactions and implementing stricter regulations, others have remained relatively quiet on the matter, leaving uncertainty as to the future direction of the industry in Indonesia.
Senator Saddam Azlan Salim of the United States is advocating for regulations that support cryptocurrency mining, stating that it should not be penalized based solely on the nature of the business and should be allowed in industrial zones if it complies with noise ordinances.
A Solana competitor, Sei (SEI), is expected to experience a 30% retracement, while Manta Network (MANTA) may decline to lower levels, according to analyst Altcoin Sherpa, who also predicts that Bitcoin (BTC) could fall below the $40,000 support level.
Coinbase is likely to benefit from the newly approved Bitcoin ETFs through its role as a custodian, generating fees from trading and storage, despite concern that the ETFs could impact Coinbase's revenue from Bitcoin transactions.
Coinbase is likely to benefit from the newly approved spot Bitcoin exchange-traded funds (ETFs) due to its role as the custodian for eight of the 11 ETFs and the fees it charges for buying, selling, and storing Bitcoins.
The final quarter of 2023 saw significant shifts in the top 30 cryptocurrencies, with Solana jumping to the 5th position and four cryptocurrencies dropping out of the list, while the overall trading volume declined compared to the previous year.
Chinese traders are finding creative ways to bypass the country's crypto ban, using social media platforms, peer-to-peer transactions, and alternative payment methods to avoid traditional crypto exchanges and regulatory measures.
Stablecoin issuer Tether is on track to reach a $100 billion market cap, experiencing substantial growth in the past three months, while also denying accusations of being used for criminal activities. Additionally, Tether has significantly increased its holdings of Bitcoin to $2.8 billion.
Solana has the potential to outperform Bitcoin this year due to its growing market share as "the next Ethereum" and its successful mobile crypto strategy.
BlackRock, the global investment giant, has decided not to launch a Ripple XRP ETF due to the ongoing regulatory ambiguity around XRP and the recent classification of XRP as a "regulatory gray area" by Judge Torres, adding complexity to the situation.
The upcoming halving of mining rewards in the Bitcoin network could make it a better long-term storage system for wealth than gold due to the decrease in supply growth, ultimately resulting in more stability and potential price increases in the future.
The upcoming halving of mining rewards in Bitcoin, which will result in a decrease in the rate of growth in supply, could make Bitcoin a better long-term storage system for wealth than investing in gold, according to Cathie Wood of Ark Invest. Wood believes that this fundamental update sets Bitcoin apart and will redefine the cryptocurrency market.
Newly launched Bitcoin ETFs in the US have accumulated over 638,900 BTC, indicating the growing influence of these funds and providing investors with new exposure to Bitcoin; Grayscale's Bitcoin Trust leads with 566,973 BTC, while recent entrants such as BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Trust have also acquired significant amounts of BTC.
Ripple aims to become a leading enterprise infrastructure provider while continuing its global payments journey, leveraging the XRP Ledger as a decentralized public ledger for fast and free value movement.
Whales are taking advantage of the dip in cryptocurrency prices, with one smart whale making a profit of approximately $25.8 million by buying 3,600 ETH, and another purchasing over 600,000 LINK tokens at a lower price; meanwhile, a crypto whale withdrew $30 million worth of BTC from Binance as the price dropped.
The CEO of Ripple, Brad Garlinghouse, has hinted at the potential adoption of XRP by US banks, signaling a significant milestone for the token's success. With XRP's legal clarity and major upgrades, Ripple is on track to achieve its vision.
A Citi analyst predicts that it may take over a year for the judge to make a decision on whether to dismiss the Securities and Exchange Commission's lawsuit against Coinbase, which could have a significant impact on the future of the cryptocurrency exchange.
The world's largest crypto exchange, Binance, is facing a legal battle with the SEC that could shape cryptocurrency regulations, as the outcome may set legal precedents and define global expectations for cryptocurrency exchanges.
Crypto analytics firm Kaiko reports that speculative activity on Ethereum (ETH) has yet to intensify, despite the recent surge in trade volume, indicating that traders have not positioned themselves for an Ethereum ETF rally.
Dogecoin's on-chain metrics, including volume and social dominance, have reached their highest levels in 2024, indicating a potential price recovery for the cryptocurrency supported by Elon Musk's social media platform X launching its dedicated payments account handle, @xpayments.
Mainstream finance and political forces have been embracing the crypto ethos, with Wall Street investment firms Franklin Templeton and Van Eck using crypto lingo on Twitter, and former president Donald Trump expressing opposition to a central bank digital currency (CBDC) during his presidential campaign.
A deep-pocketed investor moved $387.705 million worth of Bitcoin to Coinbase, potentially signaling a plan to sell on the open market, while other large whale transactions were also observed.
Morningstar analyst Michael Miller predicts that the cryptocurrency market will reach $6.4 trillion by 2032, which could lead to a 300% upside for Bitcoin, and the recent approval of spot Bitcoin ETFs by the SEC could drive the price of the cryptocurrency even higher, making them an attractive investment option.