Bad News for Crypto? Elizabeth Warren to Succeed Sherrod Brown on House Banking Committee
Massachusetts Senator Elizabeth Warren is reportedly set to become the Ranking Member on the Senate Banking Committee, replacing Sherrod Brown after his exit.
The shift comes despite major efforts by the cryptocurrency industry, which spent about $40 million to unseat Brown.
Warren’s Upcoming Role
Many crypto advocates saw the departure of the three-term Ohio senator, an outspoken critic of the digital asset industry, as a key turning point in the sector’s future. His Republican opponent, Ber
Ethereum’s Modular Strategy: Short-Term Pain, Long-Term Gain, Says Research
On Nov. 12, Web3 venture capital firm Hack VC released research and analysis on Ethereum’s modular strategy.
“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’s Future is Bullish
Since 2020, Ethereum has shifted to a modular architecture, outsourcing parts of its infrastructure like execution and data availability to layer-2 networks. The notion was aimed to
4 Reasons Why Bitcoin’s (BTC) Price Might See a Short-Term Correction
TL;DR
Certain on-chain metrics suggest overbought conditions, flashing the sell signal on BTC.
The Fear and Greed Index is currently in the “Extreme Greed” zone, which could indicate a local top and a subsequent price decline.
The Bearish Signals
Bitcoin (BTC) has been the talk of the town recently. It entered a massive bull run mode since Donald Trump’s win in the US presidential elections last week, with its price reaching a record high of $92,000 on November 13. However, some important fa
DOJ Seeks $16M in Crypto From Binance Over FTX Bribery Allegations Involving SBF
The U.S. Department of Justice (DOJ) has filed a civil forfeiture complaint to seize cryptocurrency worth about $16 million held in a Binance account.
This action is the result of a years-long investigation into suspected illegal activities tied to alleged bribery schemes involving FTX founder Sam Bankman-Fried, also known as SBF.
The Alleged Bribery Scheme
The root of the DOJ’s case goes back to November 2021, when Bankman-Fried allegedly authorized a $40 million payment in Tether (USDT) thr
Bitcoin Wallet Awakens After 13 Years, Transfers $3.67M Amid Market Surge
As Bitcoin continues to break into uncharted territory frequently, a previously dormant wallet has come to life after more than a decade of inactivity.
According to the popular crypto tracker, Lookonchain, a Bitcoin wallet that has been dormant for 13 years, has made a significant transaction. The entity, which holds 426.3 BTC worth around $36.62 million, transferred 42.3 BTC. This stash is valued at $3.67 million.
The wallet originally received the 426.3 BTC on July 29, 2011, when the asset w
4 Possible Reasons Behind PEPE’s 50% Surge to New All-Time High
TL:DR;
The third-largest meme coin has exploded by 50% in the past 24 hours and over 100% on a weekly scale.
The asset was listed on a few global exchanges lately, which could be among the reasons of the massive rally and the new all-time high.
Exchange Listings
It does feel like a bull market now, especially for some more volatile cryptocurrencies, like meme coins. After the recent rallies by DOGE and SHIB, now is the time for the third-largest of the cohort – PEPE. The frog-inspired meme s
Bitcoin Price Analysis: Will BTC Rally to $100K or Correct Below $80K First?
Bitcoin has surged to a new all-time high, approaching the $90K threshold in an impulsive rally. The combination of another Federal Reserve rate cut and President Trump’s re-election has fostered a risk-on sentiment in the markets, driving demand for risk assets like Bitcoin.
Technical Analysis
By Shayan
The Daily Chart
On the daily chart, Bitcoin’s price action reflects a robust shift toward a bullish market structure. It recently broke past both the 100-day and 200-day moving averages with
Peanut is a memecoin after the famous squirrel that was euthanized in New York. This created an outrage on the Internet and a new memecoin was born soon after.
Key Support levels: $1.5, $0.86
Key Resistance levels: $1.6, $2.1
1. Strong Rally in Progress
Peanut increased by a mind-blowing 1,800% since its recent lows. This would make any meme coin hunter jealous. Most recently, its price managed to make an all-time high above $1.7. At the time of this post, PNUT is in a pullback, but the over
Ethereum ETFs Set Historic Positive Flows With $136M Marking Five-Day Streak
The US spot Ether exchange-traded funds (ETFs) continued to set records as the market maintained momentum following Donald Trump’s election win. November 12 was a key day, with these investment vehicles seeing a net inflow of almost $136 million, marking the first instance of a five-day streak of positive inflows.
This surge brings the total net asset value of spot Ethereum ETFs to $9.67 billion.
Spot Ethereum ETFs Achieve Record Inflows
Leading the chart was BlackRock-issued iShares Ethereum
Ripple, Cardano Mega Partnership in the Making? Community Speculates
TL;DR
Recent interactions from Cardano’s Charles Hoskinson and Ripple’s Brad Garlinghouse have sparked speculation about a possible collaboration between the two entities.
Despite the rumors, ADA and XRP both saw price drops today (November 13).
Potential Alliance or Just Rumors?
Cardano’s founder, Charles Hoskinson, revealed on X that he had a conversation with Ripple’s chief executive officer, Brad Garlinghouse. The former described the latter as “a great CEO,” adding that he is “extremely
Trump’s D.O.G.E. Promises to Slash Bureaucracy: Here’s What You Need to Know
Dogecoin had been climbing alongside other cryptocurrencies, but it gained an extra 5% earlier today following President-elect Donald Trump’s formal announcement of the creation of the Department of Government Efficiency, a.k.a. “D.O.G.E,” in a bid to foster “more efficiency and less bureaucracy” and ultimately “drive The American Dream.”
This has fueled further enthusiasm and added to the OG meme coin’s post-election rally, which is currently trading above $0.376.
Despite the market-wide pullback, the viral meme coin PNUT surged to a new ATH.
Its popularity and price increase were likely fueled by one of Musk’s latest interactions on X.
Defying the Market Trend
After several days of pumping and reaching record highs, the cryptocurrency market pulled back in the past 24 hours. Bitcoin (BTC), whose price tapped an ATH above $90,000, has retraced toward $87,000 at the time of this writing. The correction has also affected some altcoins, with Cardan
What Is Sui Network (SUI): the Ultimate Guide in 2024
Sui is a layer-1 blockchain created to enable quick, low-latency transactions, making it a strong choice for real-time applications like gaming, decentralized finance (DeFi), and other responsive services. Launched in May 2023, its architecture emphasizes immediate transaction completion and high throughput, with smart contracts written in Move, a Rust-based programming language optimized for fast, secure transaction execution.
A key differentiator in Sui’s approach is its transaction processin
Peanut the Squirrel (PNUT) Enters Top 100 After Massive Rally, Bitcoin (BTC) Fails At $90K (Marke...
Bitcoin’s mindblowing weekly rally drove the asset to a new all-time high of $90,000 but it failed to overcome that level and has retraced by several grand since then.
While most altcoins have lost some traction, PNUT has entered the top 100 assets by market cap after soaring by 200% in the past day alone.
BTC Fails at $90K
It was a wild seven-day trading period for bitcoin. It all started last Wednesday morning when Trump took a substantial lead in the US presidential elections. As his victo
Shiba Inu’s Shibarium Hits an Important Milestone: Details
TL;DR
Shibarium keeps making the headlines, with numerous indicators rising to record levels.
Despite the protocol’s progress, Shiba Inu’s price is in the red today (November 13), dropping by approximately 17%.
The Major Achievement
Shiba Inu’s layer-2 scaling solution has witnessed increased activity lately. Daily transactions on the network have been in the millions since the start of the month, with total transactions hitting 500 million on November 12, as the pseudonymous Marketing Strat
The Best Yet to Come for Bitcoin? This Analyst Thinks So
The unprecedented events surrounding this bull season, like bitcoin (BTC) hitting an all-time high before the halving, have led traders to think the digital asset may follow a pattern not seen in past cycles.
Recently, there have been speculations that BTC may complete its bull run this year or by January 2025. However, some market analysts have stuck to their strategies and insist that bitcoin’s pathway in this cycle will be similar to the patterns seen during the bull runs in 2016 and 2020.
Shiba Inu, Dogecoin Retrace By Double Digits As Rally Cools Off, Liquidations Up to $900M
After roughly a week of gains and charting consecutive all-time highs, bitcoin’s run has finally cooled off as the asset was rejected twice at the $90,000 level.
As expected, the more volatile by nature altcoins have experienced even more turbulent corrections over the past day, leaving almost 300,000 traders wrecked.
Trump’s Team in Talks With Crypto Leaders About Regulatory Adjustments: Report
President-elect Donald Trump’s team is reportedly in discussions with cryptocurrency leaders about regulatory changes that could reshape the U.S. approach to digital assets.
According to sources, Trump plans to adopt a more lenient regulatory stance to fulfill his campaign promise of making the U.S. the “crypto capital of the planet.”
Crypto-Friendly Appointments
The Washington Post recently reported that Trump’s transition team is considering various crypto-friendly candidates for key financ
Chinese fabless integrated circuit design company Nano Labs has announced that it has opened a Coinbase account and begun accepting Bitcoin payments for its products.
Its decision to expand its global transaction options coincides with Bitcoin reaching an all-time high of $90,000.
Nano Labs Turn to Bitcoin
In its official press release, Nano Labs stated that it is responding to the growing demand for digital currency transactions in the technology sector by accepting Bitcoin payments. As cryp