Month: November 2024

India Urged to Embrace Bitcoin as Strategic Reserve Asset Amid Global Unrest

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Investment firm Bernstein has urged India to recognize bitcoin as a strategic reserve asset, highlighting its potential as “digital gold” amid global financial risks like inflation, U.S. debt, and geopolitical instability. Bernstein argues that India’s current focus on central bank digital currencies (CBDCs) and its classification of bitcoin as a “private currency” overlook BTC’s key … Read more

Ethereum Reaches Yearly High Amid Bullish Sentiment, But Whales Signal Caution

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Ethereum (ETH) has surged to its highest price of the year, supported by positive funding rates and strong bullish sentiment. However, the elevated funding rates suggest that the market may be nearing an overheated state, with potential for sharp corrections if resistance levels are tested. Investors are advised to manage their risk carefully as volatility … Read more

Donald Trump’s World Liberty Financial Taps Chainlink to Secure Defi Platform

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World Liberty Financial (WLF) aims to achieve its aim of launching the next wave of broad defi adoption through the security and dependability of Chainlink. Chainlink to Power World Liberty Financial’s Defi Ecosystem World Liberty Financial (WLF), a decentralized finance (defi) platform backed by Donald Trump has announced a strategic partnership with Chainlink, the standard … Read more

Bitcoin Surges To $93K As New Addresses And Institutional Investments Hit Record Highs

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Bitcoin has reached a new all-time high of $93,000, rising by 30% since the U.S. election. Yesterday saw a surge in new Bitcoin addresses, spiking to 442,000—the highest daily number since March—indicating heightened interest and new entries into the market. https://twitter.com/intotheblock/status/1856718084226064675?t=CK78-rLU02I7PqktRiMa4g&s=19 Despite this rally, metrics such as the MVRV ratio suggest Bitcoin is not yet … Read more

XRP Community Buzzes After 45% Surge, As Robinhood Expands Crypto Listings

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The XRP community is abuzz following a notable 45% price surge over the past eight days, catapulting XRP back into the spotlight. The cryptocurrency currently ranks seventh in market cap, with discussions around XRP now accounting for more than 4% of all coin-related conversations. https://twitter.com/santimentfeed/status/1856515787814814152?t=ztHjPtERny1LAHZT3gXopw&s=19 Recently climbing above $0.74, a peak it last hit in … Read more

TRON Hits New Market Cap Milestone As Transaction Volume And Stablecoin Ecosystem Expand

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TRON has achieved a major milestone with its market cap soaring past $16 billion, marking an all-time high. The network’s transaction activity remains robust, consistently outpacing other Layer 1 blockchains. Since the start of the year, TRON’s transaction volume has grown steadily, now surpassing 50 million transactions per week. The market cap of $TRON has … Read more

Litecoin Sees Rise In Short-Term Holder Activity As Wrapped Litecoin Launches On Ethereum

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The balance held by short-term Litecoin (LTC) investors has increased significantly, rising 31% over the past month. These surges among short-term holders are not unusual, often appearing at market bottoms or before substantial price rallies. https://twitter.com/intotheblock/status/1856259138822574181?t=k-5Iox86Rgt1zhnc14pGtw&s=19 In a strategic move, Litecoin has partnered with Coinut to introduce Wrapped Litecoin (WLTC) on the Ethereum blockchain. This … Read more