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Cryptography News
Cryptoslate
3h
29
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Bitcoin spot buying outpacing futures despite leverage hitting ATH
- Bitcoin perpetual contracts denominated in USDT show signs of overleveraging.
- The open interest to USDT reserve ratio reached an all-time high at 0.593.
- CEO Ki Young Ju believes there will be a painful pullback once the leverage unwinds.
- Spot buying on Coinbase's market is driving Bitcoin's current rally.
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Cryptoslate
4h
272
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Hashkey CEO says Trump administration could influence China to accept Bitcoin
- Hashkey Group CEO Xiao Feng believes a pro-crypto Trump administration could pressure China to relax its stance on Bitcoin (BTC) and other digital assets.
- Feng expressed his confidence that China’s crypto market will eventually open up, particularly if President Donald Trump and the US Congress adopt supportive policies for digital assets.
- Feng argued that clear and consistent US crypto regulations would drive China to reconsider its approach.
- Feng suggested that China could eventually open its market to regulated stablecoins to facilitate cross-border trade.
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NullTX
9h
0
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WallitIQ (WLTQ) Targets $30 By 2030 As AI And Crypto Merge Attracts Investors By The Thousands
- WallitIQ (WLTQ) targets $30 by 2030 as AI and crypto merge attracts investors by the thousands.
- WallitIQ (WLTQ) combines artificial intelligence and crypto trading, leading to increased interest from crypto investors.
- The AI technology improves crypto trading precision and security while providing personalized user experiences.
- Investors joining the presale of WallitIQ's (WLTQ) native token have the opportunity for long-term success and attractive returns.
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Cryptoslate
9h
106
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Bitwise CIO believes investors are ‘still early’ until Bitcoin reaches $500k
- Bitwise CIO Matthew Hougan believes investors are “still early” until Bitcoin reaches $500,000.
- Growing demand for store-of-value assets and Bitcoin's increasing acceptance contribute to its market maturity.
- Reaching $500,000 would signal Bitcoin's maturity as an asset class, capturing half of the store-of-value market.
- Broad institutional adoption, particularly from central banks, is crucial for Bitcoin to reach the $500,000 target.
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Coinjournal
10h
42
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Curve Finance launches scrvUSD, a decentralized yield-bearing stablecoin
- Curve Finance has launched a decentralized yield-bearing stablecoin called Savings-crvUSD (scrvUSD).
- scrvUSD aims to stabilize borrowing rates and enhance composability in the DeFi ecosystem.
- Curve Finance has partnered with The Open Network to boost ecosystem integration and efficiency.
- The introduction of scrvUSD aligns with Curve Finance's strategy to enhance composability in decentralized finance.
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Cryptonewsz
25m
105
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Upbit Lists $PEPE; Bithumb Lists $ALT and $SWELL Today
- South Korea’s cryptocurrency exchanges, Upbit and Bithumb, have listed new digital assets. Upbit added PEPE, while Bithumb added ALT and SWELL to their KRW markets.
- Upbit listed memecoin PEPE on November 14, 2024, with trading starting at 11:30 a.m. KST. Upbit implemented restrictions to control early trading volatility.
- Bithumb listed ALT and SWELL on its KRW market, with trading beginning at 4:00 p.m. KST on November 14. Measures were put in place to stabilize initial trading.
- Both exchanges caution users about the risks involved in trading digital assets and emphasize informed decision-making.
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Cryptonewsz
1h
22
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Polymarket CEO Shayne Coplan on FBI raids: Govt’s Witch-Hunt; Asserts Being ‘Non-Partisan’
- Polymarket CEO Shayne Coplan criticized the FBI raids on his residence, calling it a 'witch-hunt' and asserting the company's commitment to being non-partisan.
- The raid occurred a week after Polymarket accurately predicted Donald Trump's victory in the US Presidential Elections 2024.
- Coplan believes the raid was politically motivated and intended to discredit the platform.
- Polymarket operates as a prediction market and is currently under scrutiny due to its political connections and regulatory investigations.
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Cryptonewsz
1h
192
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DOGE Hits All-Time High in Large Transactions, Surges 114% in a Week
- Dogecoin (DOGE) hits an all-time high in large transactions and surges 114% in a week.
- Over 60.9 billion DOGE has been transacted in the last 24 hours, marking a jump in network activity.
- DOGE's price climbed to $0.42 before stabilizing around $0.39, with a market cap of $57.27 billion.
- The breakout from a bullish triangle formation suggests the beginning of a potential substantial move for DOGE, with analysts eyeing upside targets as high as $9.
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Cryptopotato
6h
326
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Bad News for Crypto? Elizabeth Warren to Succeed Sherrod Brown on House Banking Committee
- Massachusetts Senator Elizabeth Warren is set to become the Ranking Member on the Senate Banking Committee, replacing Sherrod Brown.
- Warren is known for her criticism of digital currencies and her focus on stricter crypto regulations.
- Senator Tim Scott is expected to chair the committee and is seen as a supporter of the crypto industry.
- Warren's appointment raises concerns among crypto supporters regarding potential impact on crypto legislation.
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Zycrypto
6h
3
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Despite Hitting $93K, Bitwise Says ‘It’s Still Early’, Sees Bitcoin Price Going To $500,000 If This Happens
- The Bitcoin price surged above $93,000, setting new lifetime highs.
- Bitwise's Chief Investment Officer predicts that Bitcoin could reach $500,000.
- Demand for store-of-value assets like BTC is increasing as governments debase fiat currencies.
- Hougan's prediction is based on Bitcoin holding at least 50% of the $20 trillion store of value sector.
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Zycrypto
6h
198
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Ripple’s XRP, Solana, Cardano, And PEPE Poised For Explosive Thunderstorm After Robinhood Listing
- Crypto trading app Robinhood has expanded its altcoin offerings for US customers.
- Users can now trade XRP, SOL, ADA, and PEPE on the platform.
- This comes amid expectations of a more favorable regulatory environment under the incoming US President-elect, Donald Trump.
- Robinhood aims to provide access to digital assets for those who have been excluded by the traditional financial system.
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Coinjournal
7h
151
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FBI seizes Polymarket CEO’s phone and electronics: report
- The Federal Bureau of Investigation has reportedly seized the phone and electronics of Polymarket chief executive officer Shayne Coplan.
- The FBI raided Coplan's home in Soho and seized his gadgets, but he was not detained.
- Sources suggest that the FBI's actions may be political retribution due to Polymarket's accurate prediction of the 2024 US election.
- The betting market correctly predicted Donald Trump's win in the presidential race.
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Cryptonewsz
8h
102
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Dogwifhat Price Shoots 40% as Conbase Announces Listing
- Dogwifhat (WIF) experiences a 40% price surge due to upcoming listing on Coinbase.
- Coinbase announces support for WIF on Solana network, cautioning users to only transfer through the network.
- Trading for WIF will begin on or after 3:30 PM ET on November 13, 2024.
- The anticipated listing leads to a rise in WIF's market value, but support may be restricted in some jurisdictions.
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Cryptoslate
8h
49
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BlackRock strengthens tokenization push with BUIDL’s multi-chain expansion
- BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) expands to multiple blockchain networks including Aptos, Arbitrum, Avalanche, Optimism, and Polygon.
- The expansion strengthens BlackRock's tokenization efforts and allows easier access to BUIDL for users and applications in these blockchain ecosystems.
- The fund offers features such as on-chain yield, flexible custody, real-time transfers, and on-chain dividend accrual and distribution.
- BNY Mellon, the fund's administrator, supports the expansion and continues to act as custodian for the additional blockchain networks.
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Cryptopotato
8h
123
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Ethereum’s Modular Strategy: Short-Term Pain, Long-Term Gain, Says Research
- "In the short term, modularization likely hurts ETH price because of lower fees and reduced token burn, but this isn’t the whole story," said Hack VC managing partner Alex Pack.
- Ethereum has shifted to a modular architecture, outsourcing parts of its infrastructure to layer-2 networks, aiming to decentralize and improve scalability.
- The modular approach has negatively impacted ETH price due to reduced fees and less token burn, causing underperformance compared to Bitcoin and Solana.
- However, in the long term, Ethereum's modular strategy may contribute to sustainable growth, adaptability, and maintaining dominance among smart contract platforms.
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