Bitcoin is a competitor to gold, not the US dollar, reiterates Fed’s Powell
US Federal Reserve Chair Jerome Powell also dismissed the idea that people see Bitcoin as a symbol of a lack of faith in the US dollar. Go to Source
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US Federal Reserve Chair Jerome Powell also dismissed the idea that people see Bitcoin as a symbol of a lack of faith in the US dollar. Go to Source
Government participation in crypto hasn’t always had great outcomes for the space, with the SEC under the Biden administration causing plenty of headaches for firms. Go to Source
Ethereum’s open interest has reached a new all-time high, surpassing $13 billion—a remarkable 40% growth over the past four months. This milestone highlights Ethereum’s increasing market activity and growing investor interest. Adding to the market intrigue is the reactivation of a long-dormant whale account. This whale, who initially acquired 398,889 ETH between January 18 and … Read more
According to a recent report by TokenInsight, Binance’s strategic pivot towards memecoins has proven to be highly effective, signaling a shift in its approach to the cryptocurrency market. Since launching the $GOAT contract at the end of October, Binance has dramatically increased its involvement in the memecoin space, and the results are clear. Over the … Read more
In a bizarre turn of events, a young live-streamer known as Xiaohaige created the memecoin $Quant, selling all 51 million tokens for 128 SOL ($30,000) and pocketing a profit of $29,600. However, the tokens he sold are now worth a staggering $4 million, leaving the community both amazed and infuriated. Xiaohaige’s audacious move unfolded live, … Read more
The Ethereum-based token Neiro ($NEIRO) experienced a remarkable 30% price surge within the past 24 hours, adding $100 million to its market value. Recent data reveals an influx of new wallets accumulating $NEIRO, signaling renewed interest and confidence in the token’s potential. Among these fresh wallets is “0xec6b,” created just yesterday, which withdrew 230.4 ETH … Read more
A recent transfer of 96,000 ETH into derivative exchanges suggests a surge in market activity for Ethereum. Historically, such significant inflows—marked in prior red box events—have been followed by notable price movements or downturns. In both May and July, similar spikes preceded substantial shifts in Ethereum’s price, raising speculation that the latest increase may lead … Read more
The $JANET memecoin, inspired by AI NPC women, is seeing a remarkable surge in trading activity, with its 24-hour volume skyrocketing to $19.7 million. The token, which is the first AI meme project on Ethereum ($ETH), has attracted over 2,600 holders as it experiences a strong upward momentum. 📈MEMECOIN UPDATE: $ETH memecoin $JANET (@NeuralJanet) sees … Read more
Ethereum is teetering on the edge of a potential short-squeeze showdown as leverage levels soar, with many traders betting on a price decline. The rising Estimated Leverage Ratio indicates a surge in high-stakes short positions, suggesting that many are expecting a drop in $ETH prices. However, if Ethereum can push past the critical $2.7K resistance … Read more
A new JPMorgan report warns that carry trades are losing effectiveness as global interest rates decline, urging investors to be more selective with currency risks. The Japanese yen has lost appeal after unexpected rate hikes, while the Swiss franc carries potential bullish risks. JPMorgan suggests rethinking strategies as carry trade returns are expected to diminish … Read more