The SEC has delayed its decision on several Ethereum ETFs, with a final approval date expected in late May 2024, while the market anticipates a potential approval of 13 spot Bitcoin ETFs before the SEC.
Crypto trader Altcoin Sherpa predicts continued rallies for Avalanche (AVAX) and Fetch.ai (FET), with AVAX potentially reaching $55-$60 and FET rising over 40% from current prices, while also expressing interest in the altcoin Beam (BEAMX) if it drops further.
Crypto asset manager 7RCC has filed an application with the SEC to launch an ETF focused on environmental, social, and governance investing, with 80% of the fund consisting of bitcoin and the remainder holding carbon credits futures.
Ubisoft's Champions Tactics: Grimoria Chronicles sold out of its free Warlords NFTs within minutes and generated over $2 million in sales shortly after its public mint, with the NFTs now trading for around $600 each on secondary marketplaces.
The decentralized wireless network altcoin, Helium Mobile, is surging 60% after selling out its outdoor hotspot devices and announcing plans to launch a $20 per month smartphone service in the US, leveraging infrastructure owned by individuals who can earn MOBILE tokens for sharing data.
Aurory, a Pokémon-like game, experienced an exploit that allowed an attacker to withdraw around 600,000 AURY tokens worth about $830,000, causing a plunge in liquidity and a 17% decrease in the price of AURY tokens. The developers disabled the game's blockchain bridge and are working on resolving the issue with a global patch. No user funds or NFTs were stolen.
Bitwise Asset Management has launched the first-ever ad campaign for a Bitcoin exchange-traded product, featuring actor Jonathan Goldsmith, as the industry waits for the SEC's decision on physically backed Bitcoin ETFs.
Bitcoin transaction fees have reached their highest levels in over two and a half years, with the average cost now standing at $37.58, driven by the growing interest in Ordinals as non-fungible tokens (NFTs) on the Bitcoin blockchain. This has led to an increase in fees as miners prioritize transactions related to these assets over traditional BTC transactions.
Prominent figures in the cryptocurrency industry, including Ripple CEO Brad Garlinghouse and Coinbase CEO Brian Armstrong, have joined forces to support pro-crypto presidential candidates in the 2024 elections, signaling a significant shift in the industry's political engagement and its efforts to shape policy in its favor amidst growing regulatory challenges.
Coinbase appeals the SEC's denial of its petition for rulemaking on cryptocurrency used as securities, calling the decision "arbitrary and capricious."
The crypto industry, often described as an unwelcome pest, continues to thrive and soar despite regulatory crackdowns, with its indestructibility built into the technology and its potential for widespread use and diversification in investment portfolios.
Bitcoin analyst PlanB suggests that the approval of Bitcoin exchange-traded funds (ETFs) could lead to a new all-time high for Bitcoin within four months, potentially reaching $69,000 or even $100,000 before its halving event in April 2024.
The Index Coop has launched the Index Coop CoinDesk ETH Trend Index (cdETI), which aims to reduce volatility associated with holding ETH by reallocating between WETH and USDC based on CoinDesk Indices' Ether Trend Indicator, providing users with exposure to positive price movements while dampening downside volatility.
Dos Equis actor, Jonathan Goldsmith, appears in a Bitwise ad, highlighting the firm's waiting on SEC approval for a spot bitcoin ETF.
Dogwifhat (WIF), a Solana meme coin featuring a dog with a hat, has surged by 227,000% since its launch, reaching a market capitalization of over $135 million and attracting significant trading volume, with stories of early investors reaping substantial profits. The meme coin frenzy is seen as evidence of Solana's growing dominance in the crypto space.
Shytoshi Kusama, the lead developer of Shiba Inu (SHIB), is proposing a strategy to increase global adoption of the cryptocurrency through coin burning and collaboration among crypto stakeholders.
Zooko Wilcox, the creator of the privacy-focused blockchain network Zcash, will step down as CEO and be replaced by Josh Swihart, according to Electric Coin Co., the primary developer behind Zcash.
Investors pulled some money out of Bitcoin products but invested $10.6 million into Solana (SOL), indicating profit-taking rather than a negative sentiment towards crypto funds, with trading activity remaining high above the year average, according to CoinShares.
Veteran trader Peter Brandt warns that Ethereum (ETH) could potentially crash below $700, citing a rising wedge pattern in the price chart.
A reflection on the entertainment figures who passed away in 2023, including Lisa Marie Presley, Matthew Perry, Tina Turner, and Norman Lear, highlighting their lasting impact on pop culture.
Crypto derivatives trading platform Hegic could face an insider trading investigation by the U.S. Securities and Exchange Commission (SEC) after it made millions of dollars by loading up on tokens from an affiliated project and shutting it down, according to experts. The case raises questions about the application of securities laws to decentralized finance protocols and could set a precedent for future investigations into similar activities.
The S&P 500 Index extended its winning streak to seven weeks, while Bitcoin faced profit-booking and a lack of momentum, but analysts believe the approval of Bitcoin exchange-traded funds in January could be a game-changer for the sector; Bitcoin's support levels are at $40,000 and $37,980, and Ether slipped below the support at $2,200; BNB, XRP, Solana, Cardano, Avalanche, and Dogecoin also experienced various levels of price movement.
Actor Jonathan Goldsmith, known as "The Most Interesting Man in the World," is reviving his persona to promote Bitcoin exchange-traded funds for Bitwise Asset Management, as the company has a pending Bitcoin ETF application with the U.S. Securities and Exchange Commission (SEC).
Renowned crypto analyst predicts that XRP will experience an 800% rally and reach $5.50 within 14 days, although current fundamentals suggest the forecast is unlikely to come true.
Stablecoin issuer Tether is preparing to give the FBI access to its platform in an effort to combat crime and support law enforcement, following its onboarding of the US Secret Service and collaboration with the Office of Foreign Assets Control to freeze wallets associated with the SDN list.
The U.K. has introduced a new regulation allowing financial watchdogs to establish a sandbox for tokenized securities, enabling companies to test new solutions and products under regulatory supervision.
Bitcoin network fees have surged to their highest level since April 2021, reaching over $37, as the popularity of Bitcoin NFTs called Ordinals rises, benefiting publicly listed bitcoin miners who are enjoying windfall profits from the high transaction fees.
Numerous prominent individuals, including Sandra Day O'Connor, Henry Kissinger, Rosalynn Carter, Harry Belafonte, Tony Bennett, Jim Brown, Tina Turner, Dianne Feinstein, Pat Robertson, Jimmy Buffett, Silvio Berlusconi, Norman Lear, Cormac McCarthy, David Crosby, Matthew Perry, and many others, passed away in 2023.
Massachusetts Senator Elizabeth Warren's Digital Asset Anti-Money Laundering Act threatens privacy, innovation, and personal sovereignty in the crypto industry by imposing burdensome regulations and compromising user privacy, ultimately benefiting big banks.
Bitcoin could experience a brief dip below $40,000 before resuming its rally towards $60,000, according to a popular crypto analyst who relies on the Elliott Wave theory. The analyst also believes that Ethereum has hit its short-term low and will rise alongside Bitcoin.
Crypto industry leaders, including Coinbase and Andreessen Horowitz, have formed a PAC called Fairshake with a $78 million commitment to push for cryptocurrency legislation in Congress and have already allocated funds to support certain congressional candidates.
The SEC's decision to bar Bitcoin ETF issuers from using Bitcoin for in-kind redemptions and instead carrying out transactions with cash will result in added complication and higher costs for retail investors.
New York Attorney General Letitia James is renewing her efforts to expand her office's supervision over the cryptocurrency industry through proposed legislation, following her lawsuit against major crypto firms Gemini and Digital Currency Group, which has sparked controversy and pushback from the industry and lawmakers.
Illumina shares may face resistance from a downtrend line but find support from a retracement high and the 50-day moving average; Roku shares have been trading within a broadening formation, providing support and resistance levels; Bitcoin's price remains above an uptrend line, but a breakdown could indicate a reversal.
Cipher Mining is set to purchase 37,396 units of Antminer T21 miners from Bitmain, which will provide 7.1 EH/s of self-mining capacity by the first half of 2025, allowing the company to build its first 135 MW at its newly acquired Black Pearl site.
Prominent cryptocurrency companies and investors, including Ripple and Coinbase, have pledged a total of $78 million to support pro-cryptocurrency candidates in the 2024 U.S. election cycle, aiming to advocate for responsible regulation and innovation in the industry.
Real-world assets (RWAs) are gaining momentum in the crypto market, with predictions for 2024 including the proliferation of stablecoin products, the tokenization of novel assets, a shift toward the buy-side, regulatory focus and guidance, and increased institutional interest in tokenization.
The decentralized mobile network Helium's protocol token MOBILE has seen a significant surge, up over 60% in a day and 821% in a week, following the launch of its $20/month smartphone plan and nationwide rollout in the US; Helium's subscriber count has reached 12,500, and the network's tokens are minted on the Solana blockchain network.
The MetisDAO Foundation has established a $100 million fund, called the Metis Ecosystem Development Fund (Metis EDF), to support the growth of its ecosystem, with allocations going towards various projects and initiatives, including NFTs, decentralized finance, smart contract development, and blockchain security. The fund will be distributed in the first quarter of 2024 after the launch of Metis' decentralized sequencer.
Circle has launched its euro stablecoin, EURC, on the Solana blockchain, aiming to enhance on-chain foreign exchange transactions and remittances, and plans for EURC to be regulated under EU regulations. Solana-based DeFi apps and wallets have added support for the stablecoin, enabling users to engage in foreign exchange transactions, trading, borrowing, and lending with the token. Stablecoins, which serve as a bridge between fiat money and cryptocurrencies, are predicted to become a nearly $3 trillion market within the next five years, according to research firm Bernstein.
Bitcoin and Ether prices dropped, with $103.5 million in liquidations of futures contracts, although altcoins like HNT and STX experienced gains; meanwhile, FTX's estate filed a proposal to end bankruptcy, and Goldman Sachs noted the institutionalization of the crypto market.
The OKX NFT Marketplace surpassed its competitors in the NFT space, recording a 24-hour trading volume of $50 million on Dec. 18, with Bitcoin Ordinals trading contributing to the surge.
Canadian Bitcoin mining firm Hut 8 has signed an agreement to launch a new mining site in Texas that will house nearly 66,000 miners and be powered by over 215 MW of energy.
Crypto whales have been buying up large amounts of Ethereum (ETH), with over 100,000 ETH accumulated in the past week, indicating a potential bullish trend for the altcoin. Additionally, the Shiba Inu (SHIB) meme asset is showing signs of a breakout, while the Fantom (FTM) network is experiencing a surge in demand, suggesting a potential increase in FTM's price.
A network of pro-crypto super PACs, backed by prominent cryptocurrency leaders, has raised $78 million in an effort to support candidates who are favorable towards crypto-friendly policies in the 2024 elections.
The INJ price reached a new all-time high of $34.64, but there are signs of potential selling pressure, with analysts offering mixed outlooks on whether the price will decrease or continue to push higher, driven by factors such as surge in Perpetual Futures trading and leverage-fueled acceleration.
The price of Bitcoin falls below $41,000, erasing previous gains and experiencing a 2.9% decrease in the last 24 hours and 3.9% decrease in the week, while transaction fees reach a yearly high, causing congestion in the Bitcoin network.
The approval of a spot Bitcoin exchange-traded fund (ETF) in the U.S. could have negative consequences for crypto exchanges like Coinbase due to lower transaction fees and increased price competition from the ETF.
Solana (SOL), a smart contract platform that has already gained 600% this year, is poised for further growth as its dominance in the crypto market is expected to rise to 3%, potentially driving its price to $363.
The Internet Computer (ICP) price reached a new yearly high of $11.90 but has since fallen, although it still trades above an important horizontal area, and analysts have mixed views on its future trend.