News

October Records Highest Crypto Venture Funding in 6 Months

Crypto venture funding reached $860M in October, marking the highest level in six months with a 30% increase from September. Infrastructure and gaming sectors led the growth, while DeFi showed signs of recovery.

Karim Noun

Crypto venture funding reached $860M in October, marking the highest level in six months with a 30% increase from September. Infrastructure and gaming sectors led the growth, while DeFi showed signs of recovery.

Crypto Liquidation Soars to $577M Amid Bitcoin Surge

As the price of Bitcoin surged, liquidation surged to $577 million while one trader on Binance lost $75 million as whale traders adjusted sentiment.

Yagyesh Jaiswal

Crypto Liquidations reach $577 million as Bitcoin breaks new highs; this included a single trader losing $75 million on Binance. The move is a complete turnaround in trader sentiment following the political development.

Donald Trump Wins 2024 Election: Markets See Strong Reaction

Donald Trump has won the popular vote in the 2024 US presidential election and markets are seeing massive upsets-in one instance, Bitcoin went to an all-time high.

Yagyesh Jaiswal

As the presidential election result of 2024 is announced with Donald Trump as a winner, financial markets reacted: The US dollar surged and Bitcoin reached its price record at $75,060, a barometer of investor sentiment and expectations for future policies.

Record Outflows from U.S. Bitcoin ETFs Amid Elections

United States-based Bitcoin ETFs recorded outflows of over $1 billion in one go, as investors became bearish amidst the election uncertainty.

Yagyesh Jaiswal

Record outflows of over $1 billion from US Bitcoin ETFs pre-2024 elections; large funds significantly exposed, such as Fidelity and ARK Invest, show cautious investors amidst economic uncertainty.

Musk's Comments Propel Dogecoin Amid Election Market Shifts

Elon Musk's latest comments about Dogecoin send investors abuzz, while Bitcoin and Ethereum slip ahead of the U.S. election.

Yagyesh Jaiswal

Elon Musk's comments breathed life once again into the value of Dogecoin as Bitcoin and Ethereum take a tumble in the lead-up to the U.S. election.

Experts Forecast Post-Election Rally for US Markets and BTC

Financial experts predict strong market performance post-election, with Bitcoin potentially reaching $200,000 by 2025. Market fundamentals and Bitcoin's structural drivers suggest growth regardless of electoral outcomes.

Karim Noun

Financial experts predict strong market performance post-election, with Bitcoin potentially reaching $200,000 by 2025. Market fundamentals and Bitcoin's structural drivers suggest growth regardless of electoral outcomes.

Memecoin Boom Raises Concerns Over Crypto Innovation

Binance Research warns of high risks in the memecoin market with a 97% failure rate. The trend, driven by economic pressures and cultural factors, potentially overshadows fundamental blockchain innovation.

Karim Noun

Binance Research warns of high risks in the memecoin market with a 97% failure rate. The trend, driven by economic pressures and cultural factors, potentially overshadows fundamental blockchain innovation.

Trump-Backed World Liberty Caps US Token Sales at $30M

World Liberty Financial, a DeFi project promoted by Trump family, limits US token sales to $30M while planning nearly $290M in global sales. The company operates under SEC regulations for US investors while pursuing international markets under different rules.

Karim Noun

World Liberty Financial, a DeFi project promoted by Trump family, limits US token sales to $30M while planning nearly $290M in global sales. The company operates under SEC regulations for US investors while pursuing international markets under different rules.

Pennsylvania Emerges as a Key State in US Presidential Race

Prediction market Polymarket shows VP Harris gaining ground in Michigan and Wisconsin swing states, while Trump maintains leads elsewhere. With Pennsylvania emerging as a potential deciding state, betting volumes have surged to record levels.

Karim Noun

Prediction market Polymarket shows VP Harris gaining ground in Michigan and Wisconsin swing states, while Trump maintains leads elsewhere. With Pennsylvania emerging as a potential deciding state, betting volumes have surged to record levels.

Peanut the Squirrel (PNUT) Memecoin Reaches $130M Market Cap

The PNUT memecoin, inspired by Peanut the Squirrel, reached a market cap of $130 million following the euthanization of that squirrel.

Yagyesh Jaiswal

After the euthanization of Peanut the Squirrel, the PNUT memecoin exploded, reaching a market capitalization of $130 million in days. Discover market dynamics and investor behaviour in light of this phenomenon.

FTX Moves Closer to Asset Recovery

FTX secures potential $21 million asset recovery through settlements with Evolve Bank and Silicon Valley Community Foundation. Negotiations aim to maximize creditor compensation without prolonged litigation.

Karim Noun

FTX secures potential $21 million asset recovery through settlements with Evolve Bank and Silicon Valley Community Foundation. Negotiations aim to maximize creditor compensation without prolonged litigation.

Trump Embraces Bitcoin on Significant Anniversary

Donald Trump marked Bitcoin's whitepaper anniversary by reaffirming his pro-crypto stance, promising to end the "war on crypto" and potentially pardoning Ross Ulbricht. The move aims to appeal to crypto advocates before the November 5 election.

Karim Noun

Donald Trump marked Bitcoin's whitepaper anniversary by reaffirming his pro-crypto stance, promising to end the "war on crypto" and potentially pardoning Ross Ulbricht. The move aims to appeal to crypto advocates before the November 5 election.

Mt. Gox Transfers $35M in BTC: Market Implications

Mt. Gox has transferred 500 BTC valued at $35 million. Will there be a sell-off or payback of creditors? Discover the implications for the cryptocurrency market.

Yagyesh Jaiswal

The transfer of 500 BTC by Mt. Gox has set off a wave of speculation in crypto markets on creditor repayments and possible impacts on the market. As Bitcoin continues to fluctuate from side to side with volatility, here are some possible outcomes that analysts consider for such a major event.

Tether Rakes in $2.5B Profit as Regulatory Pressure Mounts

Profits at Tether have reached $2.5 billion in Q3 2024, bringing its year-to-date earnings to $7.7 billion. As usage expands in EMEA, U.S. authorities increase scrutiny of the $120 billion stablecoin.

Yagyesh Jaiswal

Tether announced a record quarterly profit of US$2.5 billion in Q3 2024 and increased its year-to-date profit to $7.7 billion. Usage of the stablecoin is increasingly shifting to European, Middle Eastern, and African markets after regulators in the US upped their scrutiny.

MicroStrategy Plans $42B BTC Expansion Amid Q3 Earnings Drop

MicroStrategy announces a $42 billion plan to build out its hoard of Bitcoins while positioning itself to become a Bitcoin-focused bank amid a lackluster third-quarter earnings report and a seesawing cryptocurrency market.

Yagyesh Jaiswal

MicroStrategy announces an aggressive $42 billion plan to buy more Bitcoin amidst dismal Q3 earnings challenges. This is as the dominance of the leading cryptocurrency rises to a three-and-a-half-year high. Its efforts are geared toward cementing its position in the cryptocurrency space.

SOL Market Cap Surpasses PayPal As Price Faces Resistance

The price of Solana is on a high, envisioning a new all-time high due to whale activity and market sentiment, against strong resistance levels.

Yagyesh Jaiswal

Though Solana has posted some impressive gains during its recent market fluctuation, whale withdrawals and strong resistances in key price levels stand in the way of the token reaching a new all-time high. Analysts comment on potential price movements.

BlackRock's Bitcoin ETF Sets Historic Growth Record

BlackRock's Bitcoin ETF (IBIT) has made history by reaching $30 billion in assets under management in just 293 days, becoming the fastest-growing ETF ever. The fund now holds over 417,000 Bitcoin and continues to show strong growth potential.

Karim Noun

BlackRock's Bitcoin ETF (IBIT) has made history by reaching $30 billion in assets under management in just 293 days, becoming the fastest-growing ETF ever. The fund now holds over 417,000 Bitcoin and continues to show strong growth potential.

NYSE Arca Pursues Approval for Grayscale's Multi-Crypto ETF

NYSE Arca has filed for SEC approval of Grayscale's crypto index ETF, which would offer exposure to multiple cryptocurrencies including Bitcoin, Ethereum, and Solana. The fund currently manages $565 million in assets and aims to provide broader crypto market access.

Karim Noun

NYSE Arca has filed for SEC approval of Grayscale's crypto index ETF, which would offer exposure to multiple cryptocurrencies including Bitcoin, Ethereum, and Solana. The fund currently manages $565 million in assets and aims to provide broader crypto market access.

Bitcoin's Path to $200,000 Without Dollar Decline

Bitwise CIO Matt Hougan believes Bitcoin could reach $200,000 based on two independent factors: its potential to capture a significant share of the store-of-value market and the threat of fiat currency debasement, rather than solely relying on a US dollar collapse.

Karim Noun

Bitwise CIO Matt Hougan believes Bitcoin could reach $200,000 based on two independent factors: its potential to capture a significant share of the store-of-value market and the threat of fiat currency debasement, rather than solely relying on a US dollar collapse.

Bitcoin Volatility Forecast: Trump Trade and Q4 Seasonality

Bitcoin faces potential high volatility due to converging factors including US election uncertainty, the "Trump trade" effect, and historically strong Q4 performance patterns. Bitfinex analysts predict significant market movements in the coming weeks.

Karim Noun

Bitcoin faces potential high volatility due to converging factors including US election uncertainty, the "Trump trade" effect, and historically strong Q4 performance patterns. Bitfinex analysts predict significant market movements in the coming weeks.

Bitcoin Approaches All-Time High of $73K As Demand Surges.

Bitcoin hits $73K on the back of institutional appetite and U.S. election over-speculation, while spot ETFs record major inflows to indicate regained market confidence.

Yagyesh Jaiswal

Bitcoin surges to $73K, inching closer to its all-time high as high institutional demand and speculation over the U.S. elections take center stage. Investors are so confident that inflows into spot Bitcoin ETFs are significantly large.

Altcoin Surge: SUI, SHIB, and PEPE Record Strong Movements

While SUI crosses the $2 mark with a surge of 16%, SHIB made a strong surge of 33 million % . At the same time, PEPE hinted at a bullish rally.

Yagyesh Jaiswal

Significant movement in the altcoin market as SUI broke through the $2 resistance after a 16% surge, SHIB showed incredible growth during the past decade, and PEPE flashed all signals for a bullish movement.

FTX and Bybit Reach $228M Settlement in Bankruptcy Case

FTX has secured a $228 million settlement with Bybit, resolving a $327 million withdrawal dispute. The agreement includes $175 million in digital assets and $53 million in BIT tokens, marking a significant step in FTX's bankruptcy proceedings.

Karim Noun

FTX has secured a $228 million settlement with Bybit, resolving a $327 million withdrawal dispute. The agreement includes $175 million in digital assets and $53 million in BIT tokens, marking a significant step in FTX's bankruptcy proceedings.

Solana Breaks Transaction Fee Records Amid AI Memecoin Boom

Solana reached a record $11 million in daily transaction fees on October 24, driven by intense AI memecoin trading activity. The platform has maintained dominance in DeFi trading volumes for 13 consecutive days.

Karim Noun

Solana reached a record $11 million in daily transaction fees on October 24, driven by intense AI memecoin trading activity. The platform has maintained dominance in DeFi trading volumes for 13 consecutive days.

Metaplanet Takes Lead as Asia's Biggest BTC Investor

Japan's Metaplanet has become Asia's largest Bitcoin holder after acquiring over 1,000 BTC valued at $68.8 million. The company plans to continue growing its Bitcoin holdings as part of its strategic reserve asset strategy.

Karim Noun

Japan's Metaplanet has become Asia's largest Bitcoin holder after acquiring over 1,000 BTC valued at $68.8 million. The company plans to continue growing its Bitcoin holdings as part of its strategic reserve asset strategy.