BTC’s ‘incoming’ $110K call, BlackRock’s $1.1B inflow day, and more: Hodler’s Digest Nov. 3 – 9
Analyst forecasts $110K Bitcoin price, BlackRock sees $1 billion in daily inflows into spot Bitcoin ETF, and more: Hodler’s Digest Go to Source
Month: November 2024
‘Ross Is Coming Home’: Ulbricht’s Family Rejoices as Trump Plans to Fulfill Commutation Pledge
With Donald Trump now set to become the 47th U.S. president, Ross Ulbricht’s family took to social media on Nov. 7 to share a long-awaited update: “Ross will be coming home in January.” Throughout the 2024 election, Trump pledged to grant Ulbricht’s sentence commutation, promising his release on “day one.” After 11 Years in Prison, … Read more
Wrapped in Chains: Bitcoin’s Centralization Trap
This Op-Ed explores if there is a way out of the centralization cycle for wrapped Bitcoin. TLDR: The Greeks wrote about Sisyphus, eternally pushing his boulder uphill, only for it to roll back down. In crypto, we keep pushing Bitcoin toward decentralization, only to watch wrapped versions roll back into centralized hands. Is this our … Read more
FTX bankruptcy estate sues Anthony Scaramucci and SkyBridge Capital
FTX and Alameda Research collapsed in November 2022, causing approximately $8 billion in losses to customers of the now-bankrupt exchange. Go to Source
Report: Crypto Traders Lean Toward Leveraged Long Positions After Trump Victory
A report indicates that post-U.S. elections, traders are favoring leveraged long positions in perpetuals and futures contracts. Trump’s Victory Brings Stability to Markets According to a new report by Bybit and Block Scholes, market trends in the period immediately after the U.S. elections suggest traders are leaning strongly toward leveraged long positions, especially in perpetuals … Read more
Ethereum Rockets Past $3,000: A Comeback Story or Short-Lived Rise?
The world’s second-largest cryptocurrency by market cap, ethereum (ETH), has broken back over the $3,000 level this week for the first time since late July. Ethereum’s Meteoric Rise to $3,000 Ethereum’s momentum kicked in after bitcoin (BTC) surged to a fresh all-time high, reaching the $3,000 mark on Nov. 8. ETH hit an intraday high … Read more
Trump Bump or Trump Dump?
As the U.S. election loomed, speculation on whether a Trump victory would actually be bad for markets percolated. Now with Trump victorious and markets ripping, it’s clear it was a Trump bump. This editorial is from last week’s edition of the Week in Review newsletter. Subscribe to the weekly newsletter to get the editorial the … Read more
Cumulative traffic to exchanges increased by 8% in October — report
The election of a pro-crypto President and pro-crypto lawmakers in the United States has brought renewed attention to the crypto markets. Go to Source
If Trump Eliminates 5 Federal Agencies, It Could Revitalize the US Economy
In the wake of his sweeping 2024 election victory, people believe Donald Trump has the chance to reshape the American economy by slashing inefficient government departments, a move that could spark economic prosperity and return power to local communities. Charting a New Course: Trump’s Chance to ‘Restore America’ by Trimming the Federal Government Following his … Read more
BlockDAG Hits 200K Miners, ETH Rises, BNB at Crossroads
BlockDAG’s X1 App Draws in 200K Miners – ETH Draws Big Players & BNB Wobbles As 2024 winds down, those active in crypto are re-evaluating their strategies for the upcoming year. Ethereum continues to encourage the market with its latest updates pointing towards institutional engagement, a significant benchmark for adoption. Meanwhile, BNB’s price remains unpredictable, … Read more
