Ethereum Predicted to Undergo Surge Following Supply Shrink
Ethereum is primed to undergo a new rally in the next few weeks, according to OnChainHQ senior researcher Leon Waidmann. The analyst cites several factors including the asset’s present deflationary mechanism to support his theory of a surge.
As many digital assets continue to react with a surge to the present investor sentiment, Waidmann has his eyes fixed on Ethereum. Waidmann said Ethereum is open to a surge as long as the bull market gains ground. He noted that the token is now deflationary
South Korean Authorities Dismantle Crypto Fraud Ring, Seize $213 Million
South Korean authorities have smashed a fraudulent cryptocurrency ring, recouping an equivalent of $213 million. According to the report, the fraudulent crypto ring scammed about 15,000 individuals during its operation.
The latest event marks the highest-ever investment scam tied to digital assets in the country. According to the Gyeonggi Southern Provincial Police Agency, the act was orchestrated by a popular YouTuber in the country.
South Korean police nab the orchestrator of the crime
Elon Musk Pledges Transparency for D.O.G.E., Aims to Curb Government Waste
Elon Musk has announced that the Department of Government Efficiency (D.O.G.E.), an initiative focused on reducing federal waste, will operate with complete transparency.
On November 13, Tesla and SpaceX CEO Elon Musk announced that the agency would post all of its actions online and include a public leaderboard highlighting the most egregious examples of wasteful government spending. Musk encouraged the public to report cases where D.O.G.E. cut essential programs or failed to eliminate unnece
Crypto CEOs Hold High Expectations for Donald Trump’s Presidency
Crypto industry leaders are optimistic about Donald Trump’s return to the White House. They believe his administration could provide the regulatory clarity they have long sought.
Markets have surged in response, with Bitcoin reaching an all-time high of $90,000, spurring widespread enthusiasm among investors and executives alike.
Optimism for a pro-crypto administration
Crypto executives see Trump’s presidency as a turning point after years of regulatory battles under the Biden administratio
Donald Trump’s Policies Predicted to Boost Dollar Rally
The emergence of Donald Trump as the president of the United States has been predicted to be the beginning of the dollar surge. Although there is uncertainty in the financial markets, the price momentum is the same as when Trump first took office in 2016.
Market analysts have predicted that loose fiscal policies could be the trigger needed to fuel the United States’ economic growth. The expectations have caused a price swing in the stock market, pushing the prices to new highs. There is also sp
Germany Misses Out on $1.7 Billion Profit After Its Bitcoin Sales in July
Germany has lost an estimated $1.7 billion in profits after selling its 50,000 Bitcoin cache in July. The assets, seized as proceeds from various crimes, were sold at $2.8 billion at $53,000 per coin. Fast forward to today, the asset’s price has increased, and the sold tokens are now worth $4.5 billion, with Germany losing $1.7 billion in profits.
The difference between the previous price and this present one is the 53% surge the asset witnessed in the last two months. The rally, pushed by Dona
The ongoing Bitcoin (BTC) bull run is leaving short traders reeling. The cryptocurrency surged past $89,000, gaining over 10% in just 24 hours. With the Fear and Greed Index showing “Extreme Greed,” market sentiment has reached new highs, making $90,000 seem like an inevitable milestone.
The global crypto market cap has jumped 9.6% to hit $3 trillion, with Bitcoin dominance nearing 59% and major altcoins like Dogecoin (DOGE) and Ethereum (ETH) showing impressive gains.
Donald Trump’s Return Could Spell the End for the US Dollar, Says Arthur Hayes
Arthur Hayes, former BitMEX CEO and prominent voice in the crypto world has made a bold claim: Donald Trump’s potential re-election could mark the beginning of the end for the US dollar as we know it.
In a recent essay, Hayes argues that Trump’s economic policies would shift toward a state-controlled economy, undermining free-market principles and ushering in an era of unprecedented monetary intervention.
A shift toward a “command economy”
If implemented, Hayes predicts that Trump’s policies
Delta Prime Suffers $4.7 Million Exploit on Avalanche and Arbitrum
Delta Prime has suffered a loss of $4.7 million on Avalanche and Arbitrum. According to sources, the protocol on both networks is now offline following the incident. The protocol has also closed all transactions after discovering the vulnerability to limit the extent of the harm.
The platform reportedly lost assets worth $4.7 million on both chains following the attack. This is the second attack on the platform following a previous one that occurred on September 19. Delta Prime’s wallets were c
FTX Drags Binance, CZ to Court in Fresh $1.8 Billion Stock Repurchase Lawsuit
FTX has filed a lawsuit against Binance, and its former CEO Changpeng Zhao. According to the filing, the fallen crypto exchange wants to recover about $1.8 billion transferred by its former CEO Sam Bankman-Fried to the platform. The funds were tied to a stock repurchase deal in 2021.
This lawsuit comes after FTX’s suit against Anthony Scaramucci and his company, Skybridge Capital. Like the one against Scaramucci, this lawsuit seeks to recoup funds to pay some creditors. It is also one of the 23
Crypto PAC Fairshake Faces Setbacks As Some Candidate Endorsements Fall Short
For the first time, cryptocurrency advocates in the United States successfully brought digital asset policies to the forefront of election discussions.
The PAC Fairshake initiative played a significant role by backing pro-crypto candidates in the 2024 elections, helping shape the political landscape. Despite notable successes, the group encountered challenges in key constituencies, highlighting its progress and hurdles in advancing the sector’s agenda.
All Eyes on CPI and Fed: Is a Bitcoin Correction on the Horizon?
Global financial markets are gearing up for a critical week as major U.S. economic events take center stage.
With Bitcoin (BTC) reaching a historic $81,000 after Donald Trump’s re-election and the Federal Reserve’s recent rate decision, traders and investors are watching closely for signals that could fuel or derail the crypto rally. Key economic data, including inflation figures and employment reports, will shape market sentiment in the coming days.
Microstrategy’s Bitcoin Investment Records $10 Billion Profit
Microstrategy’s Bitcoin investment has recorded $10 billion in profits, following the digital assets rise to $79,350. The figure signifies a new all-time high hit Bitcoin which has been enjoying the momentum in the market.
Microstrategy CEO Michael Saylor was overjoyed at the victory of Republican candidate Donald Trump in the United States elections, taking to Twitter to show his happiness. Days later, the company’s stock rose, seeing an increase of 10%.
Ripple CEO Weighs in on the Future of XRP in the Crypto Sector
Ripple CEO Brad Garlinghouse has taken to the microblogging website X to discuss the future of XRP. In his post, the Ripple boss assured everyone that there is light at the end of the tunnel, thanking the XRP for their support so far. He noted that the company and its token had endured so much since XRP ranked as the second most valuable crypto. However, he clarified that things might change for the better, referring to the optimism under the incoming Trump administration.
Polymarket Token Airdrop Speculations Gain Momentum After U.S. Elections
Polymarket has sparked speculation about a potential token airdrop following the U.S. elections.
The decentralized prediction market platform has not confirmed the rumors, but users have reported receiving messages hinting at future rewards. The platform’s growing popularity, bolstered by record trading volumes during the elections, has fueled excitement about its next steps.
Polymarket , A Famous Betting Crypto Platform, To Give Airdrops? Previously, Polymarket Is Being Said To Consider Laun
Cardano Founder Charles Hoskinson to Advise Trump Administration on Crypto Regulations
Cardano founder Charles Hoskinson has announced plans to collaborate with Donald Trump’s administration to address regulatory issues in the cryptocurrency industry.
Speaking during a live stream on X, Hoskinson shared his intentions to assist lawmakers in crafting clearer crypto policies in 2025. His involvement comes after endorsing Robert F. Kennedy Jr, who recently joined Trump’s administration.
Hoskinson outlines plans for regulatory collaboration
Bitcoin Fog Founder Sentenced to Jail in $400 Million Laundering Scheme
Crypto mixing tool Bitcoin Fog operator Roman Sterlingov has been sentenced to jail for 12 years and 6 months over a laundering scheme. The sentencing is coming months after a jury trial that found Sterlingov guilty of laundering funds for criminals. Aside from that charge, he was also charged with operating an illegal money-transmitting business.
During his sentencing, the District Judge of Washington Randolph Moss ordered Sterlingov to forfeit about $300 million worth of assets to the governm
VanEck CEO Tips Bitcoin Hit Half of Gold’s Market Cap
Van Eck CEO Jan Van Eck has predicted that Bitcoin could hit $300,000 per unit. According to his interview with CNBC, Van Eck believes the asset could hit half of gold’s market capitalization when it eventually happens. The CEO said his prediction was a reasonable base assumption but failed to tie it to any real-life theory.
Data from CoinGecko showed that Bitcoin briefly traded at $77,000, smashing a new all-time high, before trading down at $76,000. Van Eck also talked about investors enterin
Binance Labs Invests in BIO Protocol to Advance Decentralized Science
Binance Labs, Binance’s venture capital division, has announced its investment in BIO Protocol, a platform that aims to revolutionize decentralized science (DeSci).
The initiative empowers early-stage scientific research startups by providing access to decentralized funding models and resources.
BIO protocol enhances BioDAO network
BIO Protocol is building a robust network of Biotech Decentralized Autonomous Organizations (BioDAOs) to address gaps in traditional funding for medical research.
Michael Saylor Asserts No One Has Lost Money Holding Bitcoin for Four Years
Michael Saylor, co-founder and executive chairman of MicroStrategy, has reiterated his confidence in Bitcoin as a long-term investment.
In a recent interview, Saylor stated that no one has ever lost money holding Bitcoin for four years, underscoring the cryptocurrency’s historical resilience and long-term growth potential. Emphasizing patience and commitment, he cited Warren Buffett’s advice: “If you can’t hold it for ten years, you don’t deserve to have it for ten minutes.”