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Bitcoin Leads Global Crypto Adoption, Ethereum L2s Gain Traction
A recent CryptoQuant study highlights the rapid growth of Bitcoin (BTC) and Ethereum Layer 2 scaling solutions, as crypto adoption surges worldwide. The report, “2024 Crypto Survey: Exchange Use and Investor Behavior,” reveals key trends shaping the digital asset market over the past year. Bitcoin Dominates Investor Portfolios Bitcoin continues to be the most sought-after …
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Polygon Cofounder Predicts Explosive Ethereum Rally Soon
While Bitcoin (BTC) continues its bullish momentum, Ethereum (ETH) has struggled to break past the $3,800 resistance level in the past month. However, Sandeep Nailwal, cofounder of Polygon, remains highly optimistic about ETH’s near-term price movement. Bold Prediction for Ethereum’s Future In a recent post on X (formerly Twitter), Nailwal dismissed bearish market sentiment, predicting …
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Solana ETF Faces Potential Delays Until 2026, Analysts Warn
The launch of a Solana (SOL) exchange-traded fund (ETF) in the United States could face significant delays, with analysts predicting approval might not come until 2026. Despite a more crypto-friendly environment under President-elect Donald Trump, regulatory hurdles remain a major obstacle. SEC Lawsuits Complicate Approval Process According to Bloomberg analyst James Seyffart, the SEC’s ongoing …
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Coinbase Wins SEC Case, Binance Cites Ruling in Legal Battle
In a major win for the crypto industry, a three-judge panel in the Third Circuit ruled in favor of Coinbase (NASDAQ: COIN) against the U.S. Securities and Exchange Commission (SEC). The SEC had accused Coinbase of operating as an unregistered national securities exchange, broker, and clearing agency. However, Coinbase has consistently denied these claims, arguing …
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Shiba Inu Burn Rate Surges 104% As SHIB Price Jumps 8.33%
The Shiba Inu (SHIB) community has significantly accelerated its token-burning efforts, with over 26.2 million SHIB permanently removed from circulation in the past 24 hours. This led to a 104% surge in the burn rate, according to data from Shibburn. Millions of SHIB Burned in Few Transactions Shibburn reported that 19.2 million SHIB were initially …
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Ripple Vs. SEC: Regulator Appeals Court Ruling Amid Leadership Shift
The long-standing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has taken another turn, with the regulator filing an appeal against the district court’s ruling. The SEC argues that the court misjudged key aspects, particularly the application of the Howey Test, which determines whether a transaction qualifies as an investment contract. …
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SEC Feedback Sparks Optimism for Litecoin ETF Approval
Canary Capital’s Litecoin ETF might soon secure approval from the U.S. Securities and Exchange Commission (SEC), according to Bloomberg analyst Eric Balchunas. The firm recently amended its S-1 filing, reflecting feedback from the regulator—a promising sign for the crypto community. Analysts Predict Litecoin ETF Approval Canary Capital initially submitted an S-1 form for its Litecoin …
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Hindenburg Research Shuts Down After Completing Final Cases
Hindenburg Research, the investigative firm founded in 2017 by Nate Anderson, has announced its closure. The decision, effective immediately, comes after the firm completed its final pipeline of cases. Anderson clarified that the shutdown is not due to personal or health issues but reflects his desire to prioritize other aspects of life. A Chapter Closes …
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Charles Hoskinson Joins Trump’s Crypto Policy Team, Boosting Cardano
Cardano founder Charles Hoskinson has garnered attention by joining the Trump administration’s forthcoming crypto policy team. Known for his thoughtful and pragmatic approach, Hoskinson’s involvement signals a potential shift toward a more pro-crypto environment under the incoming administration. Driving Pro-Crypto Policies Former President Donald Trump has expressed plans to establish a crypto policy team, viewing …
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Ripple Donates $100,000 in XRP for California Wildfire Relief
Ripple, a prominent blockchain company, has stepped up to assist victims of California’s devastating wildfires by donating $100,000 in XRP through The Giving Block. The funds will support relief efforts by nonprofit organizations World Central Kitchen (WCK) and GiveDirectly, aiming to provide essential resources to those affected. Ripple Leads Corporate Support Ripple announced the donation …
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Thaksin Shinawatra Advocates Cryptocurrency Reforms to Modernize Thailand
Former Thai Prime Minister Thaksin Shinawatra has called on the government to adopt progressive cryptocurrency regulations to modernize the nation’s economy. Speaking in Bangkok, he emphasized the need for a forward-thinking approach to digital finance and online gambling, both of which could unlock significant economic benefits. Push for Digital Finance Reforms Thaksin highlighted the importance …
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XRP Breaks Resistance, Eyes New All-Time Highs
XRP has surged past its $2.68 resistance level, igniting a wave of bullish sentiment among traders. Despite attempts by bears to cap gains below the $2.9 mark, the token is poised for further growth, with analysts predicting a climb to new all-time highs (ATH) this quarter. Bullish Momentum Drives XRP Rally The newly minted third-largest …
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Hedge Fund Billionaire Cliff Asness Reiterates Bitcoin Skepticism
Cliff Asness, co-founder of AQR Capital and billionaire hedge fund manager, continues to express skepticism about Bitcoin, dismissing it as a “bubble” with no clear use case. In a recent CNBC interview, Asness reiterated his critical stance but admitted that he avoids shorting the cryptocurrency due to its high volatility. A History of Bitcoin Criticism …
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Peter Brandt’s Journey: From XRP Critic to Supporter
Veteran trader Peter Brandt, known for his polarizing views on XRP, has made a surprising U-turn. After years of openly criticizing the cryptocurrency and its community, Brandt now praises XRP’s market strength and potential. Past Criticism of XRP Brandt’s relationship with XRP has been tumultuous. In December 2020, he infamously tweeted, “If you own XRP, …
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Bitcoin Whale Faces $13 Million Loss Amid Market Volatility
A Bitcoin whale recently experienced a significant $13 million loss, showcasing the challenges of navigating the volatile cryptocurrency market. This case underscores the importance of strategic decision-making for large-scale investors. Timeline of the Loss Six days ago, the whale withdrew 1,850 BTC, valued at $188.7 million, from Binance while Bitcoin traded near its local peak …
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Justin Sun Deposits $320M in Ethereum Amid Market Decline
As the crypto market experienced intensified selling pressure, Justin Sun, the founder of Tron, made strategic moves with massive Ethereum (ETH) transactions. Over the past 24 hours, Sun deposited $320.4 million worth of Ethereum and restaking tokens on HTX, fueling speculation about his tactical trading approach. Details of Sun’s Transactions According to Spot Onchain data, …
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Jamie Dimon Criticizes Bitcoin Despite Rising Institutional Adoption
Despite Bitcoin’s growing acceptance in institutional circles, JPMorgan CEO Jamie Dimon remains a staunch critic. In a recent CBS interview, Dimon reiterated his stance, stating he does not feel “great” about Bitcoin and asserting that the cryptocurrency lacks intrinsic value. He also criticized its alleged association with money laundering and criminal activities. Long-Standing Criticism of …
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Ethereum Price Holds Steady Amid Bullish Projections
Ethereum (ETH) continues to showcase resilience, maintaining a price of $3,241 despite a minor 1.5% dip in the past 24 hours. Analysts project a bullish trajectory, with short-term targets set at $3,400, $3,500, and $3,600, potentially leading to $4,000 by January 2025 if the ascending channel trend holds. MVRV Ratio Signals Accumulation On-chain data highlights …
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Charles Hoskinson Praises XRP Community for Leadership and Purpose
In a surprising endorsement, Cardano founder Charles Hoskinson has recognized the strength and leadership of the XRP community. In an X post, Hoskinson praised XRP’s active user base, credible team, and clear purpose, which he attributed to its long-term potential for success. XRP Community: A Model of Leadership Hoskinson’s remarks underscore XRP’s role in cross-border …
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Meta Urged to Adopt Bitcoin As Corporate Treasury Asset
A proposal urging Meta Platforms, Inc. to add Bitcoin to its corporate treasury has been submitted by Ethan Peck, an employee of The National Center for Public Policy Research. Representing his family’s shares, Peck outlined the benefits of Bitcoin as a hedge against inflation and a high-performing financial asset. The proposal, supported by Tim Kotzman, …
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