Securities and Exchange Commission (SEC) Chair Gary Gensler, known for his ambitious and often controversial regulatory agenda, will step down from his position on January 20th. His departure marks the end of a tenure marked by significant policy changes that have drawn both praise and fierce opposition from Wall Street and the cryptocurrency industry. In a statement released Thursday, Gensler praised the SEC as a “remarkable agency” with a “deeply mission-driven” staff focused on investor prote
Arkham (ARKM) to Launch US Spot Crypto Trading Platform
Arkham Intelligence, the company behind the Binance-listed altcoin Arkham ($ARKM ), has announced a surprising move to launch a spot cryptocurrency trading platform in the United States. This announcement comes shortly after the company revealed plans for a futures trading platform specifically excluding US users due to regulatory restrictions. While the company intends to offer spot trading in the US, it included a significant caveat: “Eligibility may vary by region. Users residing in the Unite
Elon Musk Says He Owns A “Bunch Of Dogecoin” And Spacex Owns “Alot Of Bitcoin” In Audio Clip
A recently released audio clip has reignited speculation about Elon Musk’s cryptocurrency holdings, with the tech mogul confirming he still owns a substantial amount of Dogecoin. In the same clip, Musk revealed that SpaceX, his privately held space exploration company, possesses a significant quantity of Bitcoin. The exact amount remains undisclosed. This revelation comes on the heels of former President Donald Trump’s announcement of the Department of Government Efficiency (DOGE), an initiative
Bitcoin Could Hit $500,000 if US Adopts it as Reserve Asset, Says Novogratz
Billionaire cryptocurrency investor Mike Novogratz has suggested that $BTC could reach a staggering $500,000 if the United States were to add it to its strategic reserves. He made the bold prediction during a live interview on Bloomberg, sparking renewed discussion about the future of the leading cryptocurrency. Novogratz’s comments come in the wake of a purported statement attributed to US President-elect Donald Trump, promising to make Bitcoin a reserve asset and halting government sales of th
Avalanche Foundation Repurchases $52 Million in AVAX from Luna Foundation Guard
The Avalanche Foundation has finalized its disentanglement from the collapsed Terra ecosystem, repurchasing $52 million worth of $AVAX tokens from Do Kwon’s now-defunct Luna Foundation Guard (LFG). This marks the end of a relationship that began over two years ago and ultimately resulted in significant losses for many involved with Terra. In 2022, Do Kwon, creator of Terraform Labs, launched LFG as a mechanism to acquire $10 billion in Bitcoin and other crypto assets, including AVAX, to serve as
Bitcoin ($BTC ) has soared to a new all-time high of $75,999, driven by optimistic expectations surrounding the re-election of Donald Trump as US President. The cryptocurrency had already broken its previous record earlier in the day following confirmation of Trump’s win, but this latest surge late in the day has pushed the all-time high (ATH) even higher. At the time of writing, Bitcoin is trading at $75,977, remaining remarkably close to its peak valuation. The price surge, representing a rou
Trump Victory Signals “Tailwind” for Crypto, Bernstein Analysts Say
Donald Trump’s presidential victory has transformed the regulatory landscape for cryptocurrencies, shifting from a headwind to a tailwind, according to analysts at Bernstein, a leading research and brokerage firm. The market, they argue, has yet to fully price in this significant shift. In a note to clients on Wednesday, Bernstein analysts led by Gautam Chhugani predicted the appointment of a “crypto-friendly” SEC Chair and the influence of a similarly inclined Senate Banking Committee will acce
Ripple (XRP) Executives Call on Trump for Swift Crypto Action Following Election Win
Following Donald Trump’s victory in the presidential election, Ripple ($XRP ) executives Brad Garlinghouse (CEO) and Stuart Alderoty (CLO) issued statements urging the new administration to prioritize cryptocurrency regulation reform. Garlinghouse offered a pointed “first 100-day checklist” for the incoming president, beginning with the immediate dismissal of current SEC Chair Gary Gensler. He suggested replacing Gensler with figures like Giancarlo (presumably referring to former CFTC Chairman C
Bitcoin Price May Dip Before US Election, Standard Chartered Predicts
Bitcoin ($BTC ) investors should brace for a potential price pullback leading up to the US presidential election on November 5th, followed by a period of heightened volatility, according to Geoff Kendrick, Global Head of Digital Assets Research at Standard Chartered. Despite a recent surge to $73,563 on Tuesday, Bitcoin remains stubbornly below its all-time high of over $73,700 set in March. Kendrick suggests that investors liquidating positions ahead of the election could exert downward pressur
Cryptocurrency mogul Justin Sun has hinted at a significant upcoming announcement for the Tron ($TRX ) network. The news comes amidst a broader cryptocurrency market rally, with Bitcoin (BTC) recently surpassing the $72,000 mark. In a recent social media post, Sun cryptically stated, “Big news for Tron is coming soon.” He further added that the era of “announcements of announcements” has finally begun, suggesting that the Tron ecosystem is poised for significant developments. While the specific
A recent analysis by cryptocurrency analytics firm CryptoQuant suggests that The Open Network ($TON ) could soon surpass $ETH in terms of the number of unique wallet holders. According to the firm, TON's rapid growth, averaging 500,000 new holders per day, positions it to potentially overtake Ethereum by December 20th, 2023. This projection is based on the current rate of growth and the assumption that it continues at a similar pace. However, CryptoQuant also acknowledges that the growth rate mi
VanEck Executive Expects Bitcoin Rally After Election: Predicting BTC Price in 2050 at $3 Million
Bitcoin’s price surged past $68,000 this morning, marking a 100% increase over the past year. This surge comes amid renewed speculation about the cryptocurrency’s connection to political cycles and global economic trends. Matthew Sigel, Head of Digital Assets Research at VanEck, appeared on CNBC this morning, offering insights into Bitcoin’s recent performance and future potential. VanEck Makes a Bold Prediction for Bitcoin in 2050 Sigel suggested a correlation between $BTC 's recent climb from
Ethereum Proponent Argues Solana Unsuitable as Global Blockchain Backbone
Ethereum community member Ryan Berckmans has outlined five key reasons why he believes Solana cannot achieve the status of a global blockchain backbone, a position he firmly asserts belongs to $ETH . Berckmans argues that Ethereum’s focus on Layer 2 (L2) scaling positions it as the foundation of a new global financial system, while Solana’s architectural choices and history present insurmountable obstacles. Berckmans’ argument comes in response to suggestions that $SOL could pivot to become a ba
The cryptocurrency market continues its downward spiral, with altcoins bearing the brunt of the decline. On-chain data reveals significant $ARB sales by two prominent market makers, Wintermute and GSR, adding to the bearish sentiment. Wintermute deposited 1.16 million ARB tokens, valued at approximately $2.10 million, onto the Binance exchange a few hours ago. Shortly after, GSR followed suit, transferring 4.71 million ARB, worth around $2.57 million, to the same exchange. These substantial move
Ripple CEO Brad Garlinghouse Says XRP ETF Is Inevitable
Brad Garlinghouse, the CEO of Ripple Labs, has expressed his belief that the approval of an exchange-traded fund (ETF) for $XRP is “inevitable.” This comes after years of legal battles with the U.S. Securities and Exchange Commission (SEC) over the classification of XRP as a security. Garlinghouse pointed to the recent success of Bitcoin ETFs, which have seen significant inflows of capital, as evidence of the growing institutional demand for cryptocurrencies. He said that the approval of Bitcoin
A significant spike in lending rates on the Bitfinex platform has caught the attention of market analysts, with some interpreting it as a strong bullish signal for Bitcoin. According to the crypto news outlet GreeksLive, multiple orders have been lent out at a high annual percentage rate (APR) of 30% today. This surge in lending rates suggests a heightened demand for borrowed funds, which could be indicative of increased market activity and optimism among traders. GreeksLive noted that the recen
LayerZero CEO Exposes Critical Vulnerability in Across Token Contract
Bryan Pellegrino, CEO of the cross-chain interoperability protocol LayerZero ($ZRO ), has publicly revealed a critical vulnerability in the Across Protocol's token contract. In a social media post, Pellegrino alerted the Across Protocol team to a mistakenly exposed function that allowed for the arbitrary destruction and withdrawal of tokens from any wallet. The vulnerability, stemming from an oversight in the implementation of Open Zeppelin's ERC20 token standard, granted the Across Protocol the
Cryptocurrency analytics firm MarktQuant has issued a bullish forecast for Bitcoin ($BTC ), predicting a significant price surge driven by increased liquidity and a potential short squeeze. In a statement released today, the firm cited its proprietary long-term bull/bear model, which integrates eleven key technical and on-chain indicators. This model has now transitioned into a “full bullish phase,” according to MarktQuant. The firm points to positive momentum building over the past four days, c
Worldcoin Could Be Integrated into ChatGPT in the Future: Founder
Worldcoin ($WLD ), the controversial cryptocurrency startup co-founded by Sam Altman, has announced a significant rebranding. The company has dropped the “coin” from its name, officially becoming “World.” This shift coincides with the launch of its next-generation iris-scanning “Orb” and other tools. The decision to drop “coin” from its name suggests a potential shift in focus for the company, which initially gained notoriety for its unique proof-of-personhood system involving iris scanning. Whi