Circle's USDC stablecoin briefly dropped to as low as $0.74 three times today due to a market sell-off triggered by concerns over the approval of a spot bitcoin ETF, but quickly bounced back to $1 each time.
America’s wealthy oligarchs, particularly those in the fossil fuel and chemical industries, have long opposed environmental regulations and the creation of the Environmental Protection Agency (EPA) in 1970, as it cut into their profits and held them accountable for their toxic pollution; they subsequently funded think tanks and media outlets to promote the deregulation and tax cut agendas of the Republican Party, ultimately leading to the indoctrination and acquiescence of Republican voters.
The approval of Bitnomial's application by the CFTC to vertically integrate as an exchange, broker, and clearinghouse has raised concerns about customer asset safety and market stability, potentially setting a dangerous precedent for the cryptocurrency industry.
Crypto gaming startup MixMob has released its first Solana-based game, Racer 1, where players can bet on races or earn tokens by winning, with plans to airdrop tokens to the community and offer exclusive perks for Solana Saga phone owners.
Nearly $500 million worth of crypto trades have liquidated as the crypto market experienced a crash, prompting speculation about insider knowledge and the actions of certain individuals.
The price of the ENS governance token surged by over 50% after Vitalik Buterin emphasized the importance of the Ethereum Name Service, suggesting that layer-2 blockchains should adopt ENS domains to enhance the user experience in decentralized finance (DeFi).
Bitcoin and Ethereum prices declined, while Maker was the top gainer and Bonk suffered the biggest loss in the crypto market.
A summary of the text is that a summary judgment was issued against Terraform Labs regarding unregistered securities, potentially spelling trouble for the future of the crypto industry, particularly stablecoins.
Thousands of people have lost money to the HyperVerse crypto scheme, which was promoted by individuals with questionable qualifications and celebrity support, despite being flagged as a possible scam by regulators overseas.
Bitcoin and crypto stocks, including Coinbase, Marathon Digital, and ProShares Bitcoin Strategy ETF, faced pressure as traders anticipate federal regulators to approve spot bitcoin ETFs, allowing institutional investors easier access to the market.
Pandoshi, a blockchain project centered around decentralization and financial freedom, has introduced its native utility token, PAMBO, which implements a deflationary strategy to potentially enhance its value over time, while also offering a secondary token called BAMBOO for governance purposes through collateral staking. The project is progressing ahead of its timeline and is set to launch the beta version of the Pandoshi Wallet, which will initially support EVM chains and later expand compatibility, as well as distribute project NFTs and hold a giveaway for initial supporters.
Matrixport expects the SEC to reject all applications for a spot bitcoin ETF due to the leadership's critical stance on crypto and the belief that approving such an ETF would legitimize Bitcoin as an alternative store of value.
The Shiba Inu team will stop manually burning SHIB tokens this month and transition to the Shibarium network, which will automatically burn tokens starting in January 2024, helping to reduce supply and make the token more scarce.
Bitcoin slid 8% as concerns over the approval of a bitcoin ETF grew, leading to the liquidation of $500 million worth of positions and a retracement of the previous upside move.
Bitcoin's price plummeted to under $42,000, erasing recent gains, as over $550 million in crypto long positions were liquidated in the past 24 hours.
Cardano experiences a 17% decline in value, reaching $0.5187, resulting in its market cap decreasing to $21.1343B, while Bitcoin and Ethereum also decrease by 6.59% and 7.56% respectively.
XRP experienced an 18% decrease in value, leading to its market cap dropping to $33.46 billion, while Bitcoin and Ethereum also faced losses.
The Internet Computer (ICP) price has experienced a rapid rise, reaching a high of $16.30, with the upward movement being driven by breakouts from key resistance levels and positive sentiment from analysts who view ICP as a groundbreaking innovation and a long-term bet.
Bitcoin's price has the potential to increase significantly in the future, driven by the likely approval of spot Bitcoin exchange-traded funds (ETFs) in 2024, which could attract substantial investments and push the price of Bitcoin to $330,000 according to some experts.
MicroStrategy co-founder Michael Saylor plans to sell $216 million in stock options to buy more Bitcoin for his personal holdings, as he continues to be a vocal proponent of the cryptocurrency.
Bitcoin mining company Riot Platforms made $32 million in Texas by reducing its energy use during times of high electricity demand, sparking outrage among residents who had been asked to conserve electricity during the same period.
A conflict has arisen in the Bitcoin developer community as UniSat plans to follow a proposed change in the BRC-20 token standard opposed by its creator, Domo, potentially leading to conflicting standards and a split rather than a fork.
Arbitrum's ARB token reached a new all-time high of nearly $2 as the total value locked (TVL) surpassed $2.5 billion, with traders flocking to the network in anticipation of future gains, outperforming the broader crypto market.
The Polygon (MATIC) price breaks above a long-term resistance trend line, but its rate of increase remains uncertain; analysts have a bullish outlook on the future MATIC price trend.
Popular macro expert Lyn Alden believes that a peak of $100,000 for Bitcoin (BTC) in the next market expansion would be underwhelming, and she hopes for a price of $200,000 or more over the next two-plus years.
Jim Cramer, American television personality and former hedge fund manager, has changed his stance towards crypto and Bitcoin to a more bullish perspective, stating that it is a technological marvel and here to stay, possibly jinxing the rally that has seen BTC hit its highest price in almost two years.
The cryptocurrency market is gaining momentum as investors show increased confidence, and the AI tool Chat Generative Pre-trained Transformer (ChatGPT) provides insights on promising altcoins to invest in, including Solana, Borroe Finance, Chainlink, and Polkadot.
Solana (SOL) has experienced a significant annual growth of 975%, positioning it as a notable contender in the cryptocurrency market, while assets such as Borroe Finance ($ROE), Wemux, and Conflux are also gaining attention for their utility and real-world offerings.
In 2024, the performance of memecoins like Shiba Inu ($SHIB) is outpacing market leader Dogecoin ($DOGE), reflecting a trend towards smaller, faster-moving projects favored by memecoin investors. Galaxy Fox ($GFOX) is an up-and-coming memecoin that integrates a classic play-to-earn (P2E) component into its ecosystem, offering unique benefits for token holders and exposure to both GameFi and memecoin speculation. The presale of Galaxy Fox presents an opportunity for investors looking for high-risk projects with a strong memecoin narrative.
The decentralized exchange aggregator Jupiter is planning to launch its token, JUP, through a token airdrop in the last week of January, following several weeks of preparation referred to as "Jupuary."
MicroStrategy executive chairman Michael Saylor plans to sell $216 million worth of stock options to address personal obligations and acquire additional bitcoin, while remaining optimistic about the company's prospects.
The SEI network's token has experienced a significant surge in value, but the SEIYAN meme coin, inspired by Dragon Ball, has demonstrated even more substantial growth in just one week since its launch.
Shares of Coinbase and bitcoin miners experienced significant declines despite a rally in bitcoin, suggesting that crypto stocks may be overvalued after substantial gains in the previous quarter.
The post warns against following the majority's bullish or bearish sentiments in the crypto market and advises focusing on technical analysis and chart patterns instead of emotions and news.
Solana's NFT market surpassed Ethereum for the first time in December 2023, with monthly sales volume reaching $366.5 million compared to Ethereum's $353.2 million, fueled by a surge in unique buyers and sellers as well as total transactions.
Bitcoin's 3.6% increase in value over the last 24 hours has driven double-digit gains in crypto-related stocks, with MicroStrategy jumping as much as 15.2% and Riot Platforms up 10.6%.
Crypto-related stocks, such as Coinbase, MicroStrategy, and Marathon Digital, are reacting to bitcoin's peak above $45,000, while shares of Tapestry, the parent company of luxury retail brands Kate Spade and Coach, rise after being added to JPMorgan's Analyst Focus List.
Long-time crypto critic Jim Cramer has changed his tune on Bitcoin, calling it a "technological marvel" and acknowledging that it's here to stay, despite his previous bearish comments.
Dymension, a network for deploying app chains, is conducting a token drop for over a million crypto users across various chains and projects, offering up to 70 million DYM tokens until January 21, 2024.
The United States Department of Justice (DOJ) has dropped five additional charges against Sam Bankman-Fried, the former crypto king, citing extradition delays and a desire for a prompt resolution, which means he now faces consequences for seven charges out of the original 13.
CoinDesk, a leading media outlet on cryptocurrency and digital assets, has updated its privacy policy and terms of use, and was acquired by Bullish group in November 2023, with plans to maintain editorial independence through the formation of an editorial committee.
Crypto asset manager Grayscale has amended its Bitcoin ETF filing, but has not mentioned its authorized participant or specified the fees associated with its proposed ETF, potentially delaying its approval by the SEC.
Bitcoin analyst PlanB predicts that Bitcoin will reach $100,000 in 2024 based on his stock-to-flow (S2F) model, and expects it to approach $500,000 by 2025.
Major stock market indexes had a mixed start to the new year, with the Nasdaq being the biggest loser, while the Dow Jones Industrial Average saw a slight increase. Tesla's gains were reduced after reporting its delivery numbers, and other stocks, including Apple and cruise line stocks, experienced fluctuations in the market. Bitcoin stocks rallied as the price of bitcoin surpassed $45,000.
Former hedge fund manager and CNBC host Jim Cramer has reversed his bearish stance on bitcoin, calling it a "technological marvel" and stating that it is here to stay, ahead of expected U.S. regulatory approval of a spot ETF and as the price rises above $45,000 for the first time in 21 months.
Square Enix plans to use artificial intelligence (AI) aggressively to reshape content creation and increase productivity in game development and marketing efforts, according to company President Takashi Kiryu's annual letter. The publisher will also continue its focus on blockchain, cloud gaming, and AI, while its recent NFT-optional game, Symbiogenesis, has seen significant trading volume.
In the cryptocurrency market, there are several digital currencies that investors should consider selling due to their lack of upside potential and various challenges they face, including Shiba Inu, TRON, Dogelon Mars, Internet Computer, ApeCoin, Pepe's, and OG Fan Token.
US stocks mostly fell Tuesday afternoon, setting Wall Street up for a downbeat start to 2024 after a winning year that left the S&P 500 just short of a new record high.
Decentralized trading aggregator Jupiter plans to airdrop its JUP token in a major distribution event, aiming to test the altcoin frenzy and the trading infrastructure on the Solana blockchain.
2023 was a year of transition and maturation for the crypto market, marked by increased interoperability, regulatory focus, and reduced correlations with traditional assets, setting the stage for further institutional adoption in 2024.