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Investor and trader sentiment around Solana ($SOL) has soared to a 9-month high, with a strong bullish outlook reflected across social media platforms. For every bearish post on X, Reddit, Telegram, 4Chan, and BitcoinTalk, there are 5.6 bullish ones, showcasing the renewed optimism around the #5 ranked cryptocurrency by market cap. 🤯 Updating our Solana … Read more
REEF has seen a dramatic turn of events, with the token’s value plummeting by 68% in the last 13 hours and a staggering 71% within just 24 hours. This sharp decline has left many questioning whether this is a case of insider profit-taking or simply a temporary market dip. Some speculate that major market manipulation … Read more
Bitcoin kicked off the week with a significant jump, rising 6.9% within just 8 hours. The surge was partly fueled by short liquidations and the influx of Tether and stablecoins moving onto exchanges, which spurred a buying frenzy. 📈 Bitcoin enjoyed a much needed boost to start the week, jumping +6.9% in an 8-hour span. … Read more
The Ethereum Foundation has continued its regular ETH sales, offloading another 100 ETH for 252,939 DAI just 30 minutes ago, taking advantage of today’s price rebound. This sale is part of a broader strategy by the Foundation, which has been consistently selling small portions of ETH weekly since early September. To date, they have sold … Read more
Italy plans to raise its capital gains tax on bitcoin to 42%, up from 26%, as part of efforts to fund election promises and curb the fiscal deficit. The government cites growing bitcoin adoption as a key factor. This comes as the European Union prepares to implement its Markets in Crypto-Assets Regulation (MiCA), aiming to … Read more
The European Securities and Markets Authority acknowledged the legal limitations raised by the European Commission but emphasized the importance of the framework’s initial objectives. Go to Source
Crypto derivatives exchange Bitnomial is set to launch its U.S. perpetual futures trading platform, Botanical, backed by a $25 million round led by Ripple. The platform, integrating Ripple’s stablecoin RLUSD, aims to challenge decentralized exchanges and offshore models. Bitnomial’s approach to bringing offshore trading models into the U.S. derivatives industry presents a significant market opportunity, … Read more
Andre Cronje, co-founder of Sonic and yearn.fi, criticized the growing trend of creating Ethereum Layer 2s designed and tailored for a specific protocol or decentralized finance app (Appchains). Cronje detailed that this approach had many downsides, including the lack of infrastructure, zero possibilities of receiving support, centralization, fragmentation of liquidity, and the lack of a … Read more
Samara Asset Group, a Malta-based investment company focused on seeding tech and crypto startups, aims to follow the Microstrategy playbook by announcing a bond whose proceeds will grow its bitcoin portfolio. Co-founded by cryptocurrency proponent Mike Novogratz, the company’s mission is to empower its shareholders “to participate in the performance of their strategies and disruptive … Read more
Analysts at global research and brokerage firm Bernstein say bitcoin’s surge is fueled by Donald Trump’s rising chances in the 2024 election. They point to Microstrategy’s stock, soaring 191% this year, as a key signal of a looming market breakout. With Trump leading in key swing states, his election odds are igniting a stronger crypto … Read more