Bitcoin Surpasses $97,000 As Traders Eye $100,000, Breaking Records and Fueling Market Optimism
Bitcoin Surpasses $97,000 as Traders Eye $100,000, Breaking Records and Fueling Market Optimism
Bitcoin has hit new all-time highs, surpassing $97,000 as it continues its impressive rise in 2024. This surge comes amid a volatile market, with rapid price fluctuations triggering significant liquidations—$100 million in the past 24 hours alone. Short sellers, who bet on price declines, accounted for 80% of these liquidations. This price spike is fueled by growing interest in Bitcoin’s institution
Floki's Market Surge Accelerates As Coinbase Announces Listing, Following a Massive Rally in Meme...
Floki's Market Surge Accelerates as Coinbase Announces Listing, Following a Massive Rally in Meme Coins
Floki (FLOKI), the Ethereum-based meme coin, saw a significant surge in trading volume after Coinbase confirmed it would list the token. In the 24 hours following the announcement, trading volume jumped nearly 100%, and Floki's price increased by 15%. The token is scheduled to begin trading on Coinbase tomorrow at 5 p.m. UTC, once liquidity conditions are met. Initially, only the ERC-20 vers
Grayscale Revamps Bitcoin and Ethereum ETFs With Major Reverse Share Splits, Boosting Prices and ...
Grayscale Revamps Bitcoin and Ethereum ETFs With Major Reverse Share Splits, Boosting Prices and Investor Flexibility
Grayscale Investments has completed reverse share splits for its Bitcoin Mini Trust ETF and Ethereum Mini Trust ETF, effective from Nov. 19, 2024. These splits are designed to increase the cost efficiency of the funds and meet the demands of the investment community, according to Grayscale. The changes have resulted in a significant increase in the share prices of both funds.
Crypto Revolution on Hold: SEC Pushes Franklin Templeton’s Bitcoin-Ethereum ETF Decision to 2025
Crypto Revolution On Hold: SEC Pushes Franklin Templeton’s Bitcoin-Ethereum ETF Decision to 2025
The U.S. Securities and Exchange Commission (SEC) has again delayed its decision on Franklin Templeton’s proposed Crypto Index ETF, setting a new deadline for Jan. 6, 2025. This ETF, designed to combine Bitcoin and Ethereum in a single investment product, has garnered significant attention since its initial filing in August 2024. The fund would trade on the Cboe BZX Exchange under the ticker EZPZ,
MicroStrategy Doubles Down on Bitcoin, Upsizes $2.6B Convertible Note to Fuel Its Crypto Empire A...
MicroStrategy Doubles Down on Bitcoin, Upsizes $2.6B Convertible Note To Fuel Its Crypto Empire as BTC Soars Past $96K
MicroStrategy has boosted the size of its convertible note offering to $2.6 billion, significantly higher than the initial $1.75 billion announced just days ago. This move will allow the company to continue its Bitcoin-buying spree, with the funds being directed toward increasing its Bitcoin holdings. The offering, which will close on Nov. 21, is aimed at institutional investo
Robinhood Named Top “Crypto Deregulation Trade” Following Election Results
Robinhood Named Top “Crypto Deregulation Trade” Following Election Results
Analysts at Bernstein have identified Robinhood as the leading “crypto deregulation trade” following the recent U.S. elections, in which Donald Trump and the Republican Party secured significant victories.
The firm has upgraded its rating on Robinhood’s stock (HOOD) to “outperform” and raised its price target to $51, up from a previous target of $30 which was reached shortly after the election.
Russia to Implement Temporary Ban on Crypto Mining in Select Regions
Russia To Implement Temporary Ban on Crypto Mining in Select Regions
Russian authorities are set to impose a temporary ban on crypto mining in several regions, including some occupied territories in Ukraine, as part of a strategy to mitigate power shortages during the winter months.
The decision follows a government commission led by Deputy Prime Minister Alexander Novak, aimed at regulating energy consumption amid the ongoing heating season.
Bonk Surges Past Dogwifhat As Solana’s Top Meme Coin, Fueling Market Buzz As SOL Approaches All-T...
Bonk Surges Past Dogwifhat as Solana’s Top Meme Coin, Fueling Market Buzz as SOL Approaches All-Time High
On Tuesday, Bonk (BONK) reclaimed its title as Solana’s largest meme coin by market cap, surpassing Dogwifhat (WIF). Bonk’s price rose by 7%, reaching $0.00005269, pushing its market value to $3.9 billion. Meanwhile, WIF dropped 5%, bringing its market cap below $3.3 billion. Earlier in the day, Bonk reached a new all-time high of $0.000057, continuing its upward trajectory after setting m
Bitcoin Nears $94K Milestone As Market Cap Hits $1.85 Trillion Amid ETF Options and Liquidity Hunt
Bitcoin Nears $94K Milestone as Market Cap Hits $1.85 Trillion Amid ETF Options and Liquidity Hunt
Bitcoin continues its remarkable rally, nearing the $94,000 mark and cementing its position as one of the world’s top assets. On Nov. 19, Bitcoin briefly touched $93,900 before consolidating at around $92,442. Its market capitalization of $1.85 trillion ranks it among the most valuable financial instruments globally, fueled by surging investor demand and institutional interest.
Dogecoin Traders Face Massive Liquidations As Shorts Get Rekt Amid Surge in Meme Coin Momentum
Dogecoin Traders Face Massive Liquidations as Shorts Get Rekt Amid Surge in Meme Coin Momentum
Dogecoin (DOGE) saw a sharp price spike on Tuesday, rising to nearly $0.42, following Bitcoin’s record-breaking surge past $94,000. The rally was short-lived, as DOGE later dipped back to around $0.39, continuing the coin’s characteristic price volatility. The rapid fluctuations resulted in significant liquidations for futures traders, particularly those betting against DOGE.
Howard Lutnick, Crypto Powerhouse and Cantor Fitzgerald CEO, Tapped As Trump’s Commerce Secretary...
Howard Lutnick, Crypto Powerhouse and Cantor Fitzgerald CEO, Tapped as Trump’s Commerce Secretary To Shape Trade and Tech Policy
On Nov. 19, 2024, President-elect Donald Trump announced Howard Lutnick, CEO of Cantor Fitzgerald, as his choice for Secretary of Commerce. Lutnick, a vocal proponent of Bitcoin and a key figure in the cryptocurrency world, has long advocated for digital assets. His firm, Cantor Fitzgerald, has managed Tether’s U.S. Treasury and bond portfolios since 2021, and Lutnic
BlackRock's Bitcoin ETF Options Soar to $1.9B on Debut, Fueling Bitcoin's Surge to New All-Time H...
BlackRock's Bitcoin ETF Options Soar to $1.9B on Debut, Fueling Bitcoin's Surge to New All-Time Highs
BlackRock’s iShares Bitcoin Trust (IBIT) ETF options, launched on Nov. 19, 2024, saw an unprecedented $1.9 billion in notional exposure on its first day of trading. This record-breaking volume, spread across 354,000 contracts, marked a significant milestone in the cryptocurrency and ETF markets. According to Bloomberg’s ETF analysts, the figures were "unheard of for day one," especially when c
Metaplanet Inc. Reports 15% Surge in Shares Following BTC Acquisition
Metaplanet Inc. Reports 15% Surge in Shares Following BTC Acquisition
Tokyo-listed Metaplanet Inc. saw its shares increase by 15.1% on Tuesday, closing at 2,295 yen ($15.22) after announcing the purchase of an additional 124.1 BTC, valued at approximately $11.3 million. This acquisition brings the company's total Bitcoin holdings to 1,142.2 BTC, worth about $104.8 million.
The firm disclosed that it acquired the latest batch of Bitcoin at an average price of around 14.1 million yen ($91,266)
Russia Proposes 15% Tax on Crypto Income From Trading and Mining
Russia Proposes 15% Tax on Crypto Income From Trading and Mining
The Russian government has introduced draft amendments to regulate the taxation of income derived from crypto transactions and mining activities.
According to a report from the news agency Interfax, the Finance Ministry has classified cryptocurrencies as property for tax purposes, proposing a maximum tax rate of 15% on income generated from these activities.
Under the new legislation, income received from mining will be assesse
MicroStrategy Goes All in on Bitcoin: Purchases $4.6B in BTC, Plans $1.75B Fundraise to Expand Ho...
MicroStrategy Goes All In on Bitcoin: Purchases $4.6B in BTC, Plans $1.75B Fundraise To Expand Holdings
MicroStrategy has increased its Bitcoin holdings to 331,200 BTC, following the acquisition of 51,780 BTC for approximately $4.6 billion. The company now has an average purchase price of $88,627 per Bitcoin. This comes just after the purchase of 27,200 BTC for around $2 billion.
Since starting its Bitcoin strategy in 2020, MicroStrategy has invested $16.5 billion to accumulate its total Bitc
Bitcoin ETFs Soar to Record $138 Billion As Bitcoin Price Surge Drives Unprecedented Inflows, Eth...
Bitcoin ETFs Soar to Record $138 Billion as Bitcoin Price Surge Drives Unprecedented Inflows, Ethereum Follows Suit
Bitcoin-focused exchange-traded funds (ETFs) have reached a new milestone, with total assets under management for crypto investment products surpassing $138 billion. Bitcoin’s price increase, recently hitting a new high of $93,400, has contributed significantly to this rise. Inflows into Bitcoin ETFs alone totaled $1.67 billion in the past week, bringing the total assets in Bitco
Razzlekhan Sentenced: Heather Morgan Gets 18 Months for Role in $10.8 Billion Bitfinex Bitcoin La...
Razzlekhan Sentenced: Heather Morgan Gets 18 Months for Role in $10.8 Billion Bitfinex Bitcoin Laundering Scheme
Heather Morgan, also known as the rapper "Razzlekhan," was sentenced to 18 months in prison for her involvement in laundering cryptocurrency stolen during the 2016 Bitfinex hack. Morgan, along with her husband Ilya Lichtenstein, was arrested in 2022 after authorities traced the laundering of over $10.8 billion worth of stolen Bitcoin.
Bitcoin ETF Options Set to Hit Nasdaq: OCC Clears Path for Groundbreaking Crypto Investment
Bitcoin ETF Options Set To Hit Nasdaq: OCC Clears Path for Groundbreaking Crypto Investment
The Options Clearing Corporation (OCC) announced its readiness to manage the clearance and settlement of options on spot Bitcoin exchange-traded funds (ETFs). This follows a staff advisory issued by the Commodity Futures Trading Commission (CFTC) confirming that such products fall under the U.S. Securities and Exchange Commission (SEC) jurisdiction.
The OCC stated on Nov. 18 that it is preparing for th
AI16Z Token Soars 50% After A16z CTO's Public Endorsement, Boosting Market Cap to $480M
AI16Z Token Soars 50% After a16z CTO's Public Endorsement, Boosting Market Cap to $480M
The AI16Z token saw a dramatic 50% price increase today after Eddy Lazzarin, chief technology officer at a16z, engaged with one of the DAO's founders on the X platform on Nov. 18. This interaction sparked renewed interest in the project, pushing the token's market cap to over $480 million.
AI16Z, launched in October, is a decentralized autonomous organization (DAO) controlled by an artificial intelligence
Metaplanet Inc. Announces $11.3 Million Bond Issuance for Bitcoin Purchases
Metaplanet Inc. Announces $11.3 Million Bond Issuance for Bitcoin Purchases
Tokyo-based investment firm Metaplanet Inc. has unveiled plans to issue one-year ordinary bonds totaling 1.75 billion yen (approximately $11.3 million), aiming to expand its Bitcoin holdings.
The bonds will carry an annual interest rate of 0.36% and are set to mature on Nov. 17, 2025.
This recent decision follows a significant shift in the company's investment strategy, as Metaplanet has embraced Bitcoin as a strateg