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SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse
The U.S. Securities and Exchange Commission (SEC) announced that Tai Mo Shan Ltd. has agreed to pay $123 million to resolve allegations of misleading investors about the stability of terrausd, Terra’s algorithmic stablecoin.
Tai Mo Shan Settles SEC Allegations Over Terrausd for $123 Million
Tai Mo Shan, a subsidiary of Jump Crypto Holdings, was accused of engaging in deceptive practices to stabilize terrausd’s $1 peg. According to the SEC complaint, the firm purchased over $20 million worth of
Tai Mo Shan Settles SEC Allegations Over Terrausd for $123 Million
Tai Mo Shan, a subsidiary of Jump Crypto Holdings, was accused of engaging in deceptive practices to stabilize terrausd’s $1 peg. According to the SEC complaint, the firm purchased over $20 million worth of
SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse
The U.S. Securities and Exchange Commission (SEC) announced that Tai Mo Shan Ltd. has agreed to pay $123 million to resolve allegations of misleading investors about the stability of terrausd, Terra’s algorithmic stablecoin.
Tai Mo Shan Settles SEC Allegations Over Terrausd for $123 Million
Tai Mo Shan, a subsidiary of Jump Crypto Holdings, was accused of engaging in deceptive practices to stabilize terrausd’s $1 peg. According to the SEC complaint, the firm purchased over $20 million worth of terrausd (UST) on days when its value dropped below $1.
These actions allegedly misled investors into believing that UST’s algorithmic mechanisms, designed to maintain the peg, were functioning independently.
The SEC further alleged that Tai Mo Shan’s trading was incentivized by Terraform Labs, which offered discounted options for its sister token, Luna. The charges also include violations of securities laws in the underwriting and sale of Luna tokens.
Tai Mo Shan reportedly acted as a statutory underwriter by acquiring Luna from Terraform Labs and reselling it as securities on U.S.-based crypto platforms between January 2021 and May 2022, according to the SEC order.
The collapse of UST in May 2022, known as a key event during the so-called “crypto winter,” triggered significant losses in the cryptocurrency market. Terraform Labs and its founder, Do Kwon, were previously found liable for fraud this year, resulting in a $4.5 billion settlement with affected investors.
#SEC #JumpCrypto #TerraStablecoin #CryptoNews #SECCharges $LUNC $BTC $LUNA
The U.S. Securities and Exchange Commission (SEC) announced that Tai Mo Shan Ltd. has agreed to pay $123 million to resolve allegations of misleading investors about the stability of terrausd, Terra’s algorithmic stablecoin.
Tai Mo Shan Settles SEC Allegations Over Terrausd for $123 Million
Tai Mo Shan, a subsidiary of Jump Crypto Holdings, was accused of engaging in deceptive practices to stabilize terrausd’s $1 peg. According to the SEC complaint, the firm purchased over $20 million worth of terrausd (UST) on days when its value dropped below $1.
These actions allegedly misled investors into believing that UST’s algorithmic mechanisms, designed to maintain the peg, were functioning independently.
The SEC further alleged that Tai Mo Shan’s trading was incentivized by Terraform Labs, which offered discounted options for its sister token, Luna. The charges also include violations of securities laws in the underwriting and sale of Luna tokens.
Tai Mo Shan reportedly acted as a statutory underwriter by acquiring Luna from Terraform Labs and reselling it as securities on U.S.-based crypto platforms between January 2021 and May 2022, according to the SEC order.
The collapse of UST in May 2022, known as a key event during the so-called “crypto winter,” triggered significant losses in the cryptocurrency market. Terraform Labs and its founder, Do Kwon, were previously found liable for fraud this year, resulting in a $4.5 billion settlement with affected investors.
#SEC #JumpCrypto #TerraStablecoin #CryptoNews #SECCharges $LUNC $BTC $LUNA
Ripple XRP a Must Buy for Christmas? Analysts Project 80% Surge
After two years of struggling, Ripple (XRP) has skyrocketed 258% in 2024. Ahead of Christmas, analysts are predicting a further surge. Could this surge mark XRP as a must-buy cryptocurrency before the holidays?
XRP has struggled within the last week due to an overarching market downturn. Prior to this weekend’s start, Ripple’s cryptocurrency was down 7% in the week. Ripple’s recent launch of RLUSD hopes to be a catalyst for the price to climb into the new year, with plenty of analysts still bull
XRP has struggled within the last week due to an overarching market downturn. Prior to this weekend’s start, Ripple’s cryptocurrency was down 7% in the week. Ripple’s recent launch of RLUSD hopes to be a catalyst for the price to climb into the new year, with plenty of analysts still bull
Ripple XRP a Must Buy for Christmas? Analysts Project 80% Surge
After two years of struggling, Ripple (XRP) has skyrocketed 258% in 2024. Ahead of Christmas, analysts are predicting a further surge.
Could this surge mark XRP as a must-buy cryptocurrency before the holidays?
XRP has struggled within the last week due to an overarching market downturn. Prior to this weekend’s start, Ripple’s cryptocurrency was down 7% in the week.
Ripple’s recent launch of RLUSD hopes to be a catalyst for the price to climb into the new year, with plenty of analysts still bullish. CoinCodex analysts in particular are still firm believers in XRP, encouraging users to buy in before Christmas.
CoinCodex analysts predict an 80% surge for XRP in 2025, mimicking the recent surge of the asset in 2024. By April, the analysts suggest that XRP could hit a maximum of $4 if the asset performs at its best.
CoinCodex projects an average price of $ 3.17, with the token remaining at its current price at the bare minimum.
This is great news for investors who don’t want to lose too much risking an early XRP investment for Christmas. While this is just one prediction, multiple analysts in the crypto world are also bullish on XRP’s future in 2025.
RLUSD is expected to be a big player in XRP’s growth in 2025, as the Ripple stablecoin gains traction. Furthermore, XRP is also a potential suitor for the next crypto ETF, with multiple asset managers waiting on approval of their ETF for the coin.
Bitcoin was able to surge nearly 100% in the months following its ETF approval, thus, XRP believers are bullish that they will see the same.
#Ripple #XRP #CryptoNews #XRPPrice #BuyXRP $XRP $BTC $SOL
After two years of struggling, Ripple (XRP) has skyrocketed 258% in 2024. Ahead of Christmas, analysts are predicting a further surge.
Could this surge mark XRP as a must-buy cryptocurrency before the holidays?
XRP has struggled within the last week due to an overarching market downturn. Prior to this weekend’s start, Ripple’s cryptocurrency was down 7% in the week.
Ripple’s recent launch of RLUSD hopes to be a catalyst for the price to climb into the new year, with plenty of analysts still bullish. CoinCodex analysts in particular are still firm believers in XRP, encouraging users to buy in before Christmas.
CoinCodex analysts predict an 80% surge for XRP in 2025, mimicking the recent surge of the asset in 2024. By April, the analysts suggest that XRP could hit a maximum of $4 if the asset performs at its best.
CoinCodex projects an average price of $ 3.17, with the token remaining at its current price at the bare minimum.
This is great news for investors who don’t want to lose too much risking an early XRP investment for Christmas. While this is just one prediction, multiple analysts in the crypto world are also bullish on XRP’s future in 2025.
RLUSD is expected to be a big player in XRP’s growth in 2025, as the Ripple stablecoin gains traction. Furthermore, XRP is also a potential suitor for the next crypto ETF, with multiple asset managers waiting on approval of their ETF for the coin.
Bitcoin was able to surge nearly 100% in the months following its ETF approval, thus, XRP believers are bullish that they will see the same.
#Ripple #XRP #CryptoNews #XRPPrice #BuyXRP $XRP $BTC $SOL
Dogecoin Down 23% This Week as Bitcoin and XRP Stumble After Surges
It’s been a rough few days for crypto prices after several weeks of upward strides, with Dogecoin losing nearly a quarter of its value over the past seven days as the recently surging Bitcoin and XRP mark their own substantial—but less severe—declines.
Dogecoin, the original meme coin and still largest by market cap, is down a current price of $0.31, showing a nearly 5% dip on the day and 23% plunge over the last seven days, per data from CoinGecko.
DOGE had ticked back up to nearly $0.35 early
Dogecoin, the original meme coin and still largest by market cap, is down a current price of $0.31, showing a nearly 5% dip on the day and 23% plunge over the last seven days, per data from CoinGecko.
DOGE had ticked back up to nearly $0.35 early
Dogecoin Down 23% This Week as Bitcoin and XRP Stumble After Surges
It’s been a rough few days for crypto prices after several weeks of upward strides, with Dogecoin losing nearly a quarter of its value over the past seven days as the recently surging Bitcoin and XRP mark their own substantial—but less severe—declines.
Dogecoin, the original meme coin and still largest by market cap, is down a current price of $0.31, showing a nearly 5% dip on the day and 23% plunge over the last seven days, per data from CoinGecko.
DOGE had ticked back up to nearly $0.35 early Saturday after plummeting as low as $0.267 on Friday—the lowest price marked in more than a month. However, that rebound faded over the course of the weekend.
The coin is still up 233% over the past year, but has lost substantial momentum since peaking at $0.48 earlier in December. That was a three-year high for Dogecoin.
Meme coins are famously volatile, and other major meme rivals have actually fallen harder than Dogecoin over the last week, with Dogwifhat (WIF) down 32%, and Floki (FLOKI) and Pepe (PEPE) falling 27%. Shiba Inu (SHIB) has mirrored Dogecoin’s losses with a 23% dip this week.
Bitcoin, meanwhile, is showing a more than 7% dip this week at a current price of $95,140, though it has plunged by 12% in the last five days since hitting a new all-time high mark above $108,000.
XRP has fallen by 9% in the last week to $2.21, down substantially since hitting a seven-year peak of $2.82 earlier this month.
No coin in the top 10 cryptocurrencies by market cap has fallen harder than Dogecoin this week, but a couple other contenders are close: Ethereum is down 16%, Solana has plunged 18%, and Cardano has shed 19% of its value during that span.
#Dogecoin #DOGE #CryptoNews #Bitcoin #XRP $DOGE $XRP $BTC
It’s been a rough few days for crypto prices after several weeks of upward strides, with Dogecoin losing nearly a quarter of its value over the past seven days as the recently surging Bitcoin and XRP mark their own substantial—but less severe—declines.
Dogecoin, the original meme coin and still largest by market cap, is down a current price of $0.31, showing a nearly 5% dip on the day and 23% plunge over the last seven days, per data from CoinGecko.
DOGE had ticked back up to nearly $0.35 early Saturday after plummeting as low as $0.267 on Friday—the lowest price marked in more than a month. However, that rebound faded over the course of the weekend.
The coin is still up 233% over the past year, but has lost substantial momentum since peaking at $0.48 earlier in December. That was a three-year high for Dogecoin.
Meme coins are famously volatile, and other major meme rivals have actually fallen harder than Dogecoin over the last week, with Dogwifhat (WIF) down 32%, and Floki (FLOKI) and Pepe (PEPE) falling 27%. Shiba Inu (SHIB) has mirrored Dogecoin’s losses with a 23% dip this week.
Bitcoin, meanwhile, is showing a more than 7% dip this week at a current price of $95,140, though it has plunged by 12% in the last five days since hitting a new all-time high mark above $108,000.
XRP has fallen by 9% in the last week to $2.21, down substantially since hitting a seven-year peak of $2.82 earlier this month.
No coin in the top 10 cryptocurrencies by market cap has fallen harder than Dogecoin this week, but a couple other contenders are close: Ethereum is down 16%, Solana has plunged 18%, and Cardano has shed 19% of its value during that span.
#Dogecoin #DOGE #CryptoNews #Bitcoin #XRP $DOGE $XRP $BTC
Institutions Show Growing Enthusiasm for Altcoins
Matt Hougan, Chief Investment Officer at Bitwise, has indicated a notable increase in institutional interest towards altcoins in the upcoming year. This anticipated shift hinges on resolving regulatory uncertainties and the introduction of more exchange-traded funds (ETFs) for cryptocurrencies.
Why Are Corporations Investing in Cryptocurrencies?
In a recent conversation with Bloomberg, Hougan highlighted that institutional capital is increasingly directed toward cryptocurrencies beyond Bitcoin.
Why Are Corporations Investing in Cryptocurrencies?
In a recent conversation with Bloomberg, Hougan highlighted that institutional capital is increasingly directed toward cryptocurrencies beyond Bitcoin.
Institutions Show Growing Enthusiasm for Altcoins
Matt Hougan, Chief Investment Officer at Bitwise, has indicated a notable increase in institutional interest towards altcoins in the upcoming year.
This anticipated shift hinges on resolving regulatory uncertainties and the introduction of more exchange-traded funds (ETFs) for cryptocurrencies.
Why Are Corporations Investing in Cryptocurrencies?
In a recent conversation with Bloomberg, Hougan highlighted that institutional capital is increasingly directed toward cryptocurrencies beyond Bitcoin. He foresees many institutions expanding their portfolios to include altcoins like Ethereum and Solana.
What Role Do Regulatory Factors Play?
Concerns surrounding Ethereum ETFs have arisen, yet these funds have successfully attracted billions within the last month, despite initial hesitations. This trend signals a burgeoning acceptance of crypto assets among institutional investors, potentially paving the way for wider market integration.
As institutional interest in altcoins escalates, several key points emerge:
Increased diversification of crypto investments among institutions is expected.Regulatory clarity will likely enhance market stability.
Emerging ETFs could offer safer avenues for investment.
The growing enthusiasm from institutions could facilitate the maturation of the cryptocurrency market, leading to a more structured and secure investment landscape, encouraging wider participation. This dynamic could ultimately lead to a more balanced approach to crypto assets for all market participants.
#Altcoins #CryptoNews #InstitutionalInvesting #AltcoinEnthusiasm #CryptoMarket $BTC $ETH $BNB
Matt Hougan, Chief Investment Officer at Bitwise, has indicated a notable increase in institutional interest towards altcoins in the upcoming year.
This anticipated shift hinges on resolving regulatory uncertainties and the introduction of more exchange-traded funds (ETFs) for cryptocurrencies.
Why Are Corporations Investing in Cryptocurrencies?
In a recent conversation with Bloomberg, Hougan highlighted that institutional capital is increasingly directed toward cryptocurrencies beyond Bitcoin. He foresees many institutions expanding their portfolios to include altcoins like Ethereum and Solana.
What Role Do Regulatory Factors Play?
Concerns surrounding Ethereum ETFs have arisen, yet these funds have successfully attracted billions within the last month, despite initial hesitations. This trend signals a burgeoning acceptance of crypto assets among institutional investors, potentially paving the way for wider market integration.
As institutional interest in altcoins escalates, several key points emerge:
Increased diversification of crypto investments among institutions is expected.Regulatory clarity will likely enhance market stability.
Emerging ETFs could offer safer avenues for investment.
The growing enthusiasm from institutions could facilitate the maturation of the cryptocurrency market, leading to a more structured and secure investment landscape, encouraging wider participation. This dynamic could ultimately lead to a more balanced approach to crypto assets for all market participants.
#Altcoins #CryptoNews #InstitutionalInvesting #AltcoinEnthusiasm #CryptoMarket $BTC $ETH $BNB
Solana Faces Selling Pressure, Struggles Near Key Support Levels
Solana’s price struggles as selling pressure mounts, with critical support levels being breached amidst bearish market sentiment. Trading volume spikes reveal intensified bearish momentum, aligning with Solana’s drop below the $195 support and $175 EMA levels. Oversold RSI suggests a potential relief rally, but sustained recovery depends on renewed investor confidence and stabilized market conditions.
Solana’s market performance has taken a significant downturn, reflecting rising selling pre
Solana’s market performance has taken a significant downturn, reflecting rising selling pre
Solana Faces Selling Pressure, Struggles Near Key Support Levels
Solana’s price struggles as selling pressure mounts, with critical support levels being breached amidst bearish market sentiment.
Trading volume spikes reveal intensified bearish momentum, aligning with Solana’s drop below the $195 support and $175 EMA levels.
Oversold RSI suggests a potential relief rally, but sustained recovery depends on renewed investor confidence and stabilized market conditions.
Solana’s market performance has taken a significant downturn, reflecting rising selling pressure that has pushed the cryptocurrency below crucial support levels.
Currently trading at approximately $186, Solana struggled to maintain its $195 support, marking a notable decline in investor confidence.
Key Support Levels Under Threat
The asset’s next pivotal support lies at the 200-day Exponential Moving Average (EMA), around $175. Failure to hold this level could lead to further losses, amplifying bearish sentiment in the market. Additionally, volume analysis reveals a surge during the recent price drop, underscoring the intensified selling momentum.
The broader market environment suggests a shift in capital away from established projects like Solana toward newer, trendier ventures. This phenomenon mirrors a pattern observed during Ethereum’s earlier migration to Solana, highlighting active capital rotation in the cryptocurrency space.
Technical Indicators Show Oversold Conditions
Technical indicators, such as Solana’s Relative Strength Index (RSI), signal oversold conditions. This development hints at a potential relief rally; however, the rally’s sustainability depends on consistent buying interest, which remains absent in the current market climate.
#Solana #SOLPrice #CryptoNews #SolanaSupport #CryptoMarket $SOL $BTC $ETH
Solana’s price struggles as selling pressure mounts, with critical support levels being breached amidst bearish market sentiment.
Trading volume spikes reveal intensified bearish momentum, aligning with Solana’s drop below the $195 support and $175 EMA levels.
Oversold RSI suggests a potential relief rally, but sustained recovery depends on renewed investor confidence and stabilized market conditions.
Solana’s market performance has taken a significant downturn, reflecting rising selling pressure that has pushed the cryptocurrency below crucial support levels.
Currently trading at approximately $186, Solana struggled to maintain its $195 support, marking a notable decline in investor confidence.
Key Support Levels Under Threat
The asset’s next pivotal support lies at the 200-day Exponential Moving Average (EMA), around $175. Failure to hold this level could lead to further losses, amplifying bearish sentiment in the market. Additionally, volume analysis reveals a surge during the recent price drop, underscoring the intensified selling momentum.
The broader market environment suggests a shift in capital away from established projects like Solana toward newer, trendier ventures. This phenomenon mirrors a pattern observed during Ethereum’s earlier migration to Solana, highlighting active capital rotation in the cryptocurrency space.
Technical Indicators Show Oversold Conditions
Technical indicators, such as Solana’s Relative Strength Index (RSI), signal oversold conditions. This development hints at a potential relief rally; however, the rally’s sustainability depends on consistent buying interest, which remains absent in the current market climate.
#Solana #SOLPrice #CryptoNews #SolanaSupport #CryptoMarket $SOL $BTC $ETH
“Bitcoin Should Never Go Below This Level, Crash Could Be 100 Times Worse Than FTX & LUNA.
Alliance DAO partners recently expressed concerns in a podcast about potential risks to Bitcoin’s price over the next four years, especially if it falls below $58,000.
This figure is believed to be close to the liquidation threshold for MicroStrategy, the publicly traded company that owns one of the largest Bitcoin reserves.
MicroStrategy, led by Michael Saylor, has accumulated over 150,000 BTC, representing about 3% of the total Bitcoin supply. According to the podcast, Saylor’s average Bitcoin
This figure is believed to be close to the liquidation threshold for MicroStrategy, the publicly traded company that owns one of the largest Bitcoin reserves.
MicroStrategy, led by Michael Saylor, has accumulated over 150,000 BTC, representing about 3% of the total Bitcoin supply. According to the podcast, Saylor’s average Bitcoin
Analysts Discussed: “Bitcoin Should Never Go Below This Level, Crash Could Be 100 Times Worse Than FTX and LUNA Crashes”
Alliance DAO partners recently expressed concerns in a podcast about potential risks to Bitcoin’s price over the next four years, especially if it falls below $58,000.
This figure is believed to be close to the liquidation threshold for MicroStrategy, the publicly traded company that owns one of the largest Bitcoin reserves.
MicroStrategy, led by Michael Saylor, has accumulated over 150,000 BTC, representing about 3% of the total Bitcoin supply.
According to the podcast, Saylor’s average Bitcoin purchase price is estimated to be $58,000. If Bitcoin falls below this level, the company could face significant liquidation risks.
Podcast participants speculated that such an event could potentially lead to a financial crisis “100 times larger” than the collapses of Terra Luna and FTX, both of which sent shockwaves through the cryptocurrency market.
On the bright side, the podcast also outlined a rather optimistic scenario where Bitcoin rises to $500,000. Such a price increase would not only validate MicroStrategy’s bold strategy, but it could also make Michael Saylor the richest person in history.
A Bitcoin price of $500,000, combined with MicroStrategy’s Bitcoin holdings, could make Saylor the first trillionaire in human history.
Michael Saylor has been a strong advocate of Bitcoin, often describing it as “digital gold” and a long-term hedge against inflation.
#BitcoinCrash #BitcoinAnalysis #CryptoCrash #FTX #LUNA $BTC $LUNA $LUNC
Alliance DAO partners recently expressed concerns in a podcast about potential risks to Bitcoin’s price over the next four years, especially if it falls below $58,000.
This figure is believed to be close to the liquidation threshold for MicroStrategy, the publicly traded company that owns one of the largest Bitcoin reserves.
MicroStrategy, led by Michael Saylor, has accumulated over 150,000 BTC, representing about 3% of the total Bitcoin supply.
According to the podcast, Saylor’s average Bitcoin purchase price is estimated to be $58,000. If Bitcoin falls below this level, the company could face significant liquidation risks.
Podcast participants speculated that such an event could potentially lead to a financial crisis “100 times larger” than the collapses of Terra Luna and FTX, both of which sent shockwaves through the cryptocurrency market.
On the bright side, the podcast also outlined a rather optimistic scenario where Bitcoin rises to $500,000. Such a price increase would not only validate MicroStrategy’s bold strategy, but it could also make Michael Saylor the richest person in history.
A Bitcoin price of $500,000, combined with MicroStrategy’s Bitcoin holdings, could make Saylor the first trillionaire in human history.
Michael Saylor has been a strong advocate of Bitcoin, often describing it as “digital gold” and a long-term hedge against inflation.
#BitcoinCrash #BitcoinAnalysis #CryptoCrash #FTX #LUNA $BTC $LUNA $LUNC
Bitcoin price is still undervalued, MVRV indicator shows
Bitcoin price has had a strong performance this year as it jumped by 120%, beating popular assets like the Nasdaq 100 and the S&P 500 indices.
Bitcoin (BTC) has retreated to $97,000 from the all-time high of $108,427 after the Federal Reserve pointed to just two interest rate cuts in 2025.
MVRV score shows Bitcoin price is still cheap
The recent Bitcoin pullback affected investors, as evidenced by spot ETF flows.
According to SoSoValue, these funds had net outflows of $276 million on Friday, a
Bitcoin (BTC) has retreated to $97,000 from the all-time high of $108,427 after the Federal Reserve pointed to just two interest rate cuts in 2025.
MVRV score shows Bitcoin price is still cheap
The recent Bitcoin pullback affected investors, as evidenced by spot ETF flows.
According to SoSoValue, these funds had net outflows of $276 million on Friday, a
Bitcoin price is still undervalued, MVRV indicator shows
Bitcoin price has had a strong performance this year as it jumped by 120%, beating popular assets like the Nasdaq 100 and the S&P 500 indices.
Bitcoin (BTC) has retreated to $97,000 from the all-time high of $108,427 after the Federal Reserve pointed to just two interest rate cuts in 2025.
MVRV score shows Bitcoin price is still cheap
The recent Bitcoin pullback affected investors, as evidenced by spot ETF flows.
According to SoSoValue, these funds had net outflows of $276 million on Friday, a day after they shed $680 million in assets. That was a sign that some investors believe that Bitcoin may have topped.
Still, the Market Value to Realized Value indicator hints that Bitcoin price is still cheap even after moving to a record high last week.
According to CoinGlass, the MVRV-Z score has dropped to 2.84 from last week’s high of 3.3. Historically, an MVRV-Z score figure below 3.7 is a sign that an asset is undervalued.
The MVRV-Z score is an important indicator that looks at the market value and the relative value of a coin. It is calculated by subtracting the realized market capitalization from the circulation market value and then dividing the figure by the standard deviation.
Bitcoin had an MVRV score of 3.03 in the last big correction in March this year, and 7 in the previous major correction in January 2021.
Therefore, this score is a sign that the coin could recover strongly in the next few weeks. As we wrote in a recent BTC forecast, the cup and handle pattern points to a rally to $122,000 in this bullish cycle.
BTC faces other strong fundamentals
The coin also has some strong fundamentals. As shown below, the number of Bitcoins in circulation has dropped to a multi-year low of 2.24 million. There were over 2.72 million coins in exchanges in September this year.
#BitcoinPrice #MVRVIndicator #BitcoinUndervalued #CryptoNews $BTC $ETH $XRP
Bitcoin price has had a strong performance this year as it jumped by 120%, beating popular assets like the Nasdaq 100 and the S&P 500 indices.
Bitcoin (BTC) has retreated to $97,000 from the all-time high of $108,427 after the Federal Reserve pointed to just two interest rate cuts in 2025.
MVRV score shows Bitcoin price is still cheap
The recent Bitcoin pullback affected investors, as evidenced by spot ETF flows.
According to SoSoValue, these funds had net outflows of $276 million on Friday, a day after they shed $680 million in assets. That was a sign that some investors believe that Bitcoin may have topped.
Still, the Market Value to Realized Value indicator hints that Bitcoin price is still cheap even after moving to a record high last week.
According to CoinGlass, the MVRV-Z score has dropped to 2.84 from last week’s high of 3.3. Historically, an MVRV-Z score figure below 3.7 is a sign that an asset is undervalued.
The MVRV-Z score is an important indicator that looks at the market value and the relative value of a coin. It is calculated by subtracting the realized market capitalization from the circulation market value and then dividing the figure by the standard deviation.
Bitcoin had an MVRV score of 3.03 in the last big correction in March this year, and 7 in the previous major correction in January 2021.
Therefore, this score is a sign that the coin could recover strongly in the next few weeks. As we wrote in a recent BTC forecast, the cup and handle pattern points to a rally to $122,000 in this bullish cycle.
BTC faces other strong fundamentals
The coin also has some strong fundamentals. As shown below, the number of Bitcoins in circulation has dropped to a multi-year low of 2.24 million. There were over 2.72 million coins in exchanges in September this year.
#BitcoinPrice #MVRVIndicator #BitcoinUndervalued #CryptoNews $BTC $ETH $XRP
Tai Mo Shan Settles with SEC for $123 Million Over TerraUSD Collapse
Tai Mo Shan, a subsidiary of Jump Crypto, agreed to pay $123 million to settle charges with the United States Securities and Exchange Commission (SEC) on Dec. 20 for misleading investors about the stability of the TerraUSD (UST) algorithmic stablecoin before its collapse.
The SEC revealed that Tai Mo Shan had an agreement with Terraform Labs in 2021 to purchase Terra LUNA at a steep discount.
Additionally, Tai Mo Shan bought approximately $20 million in UST to maintain the stablecoin’s 1:1 peg w
The SEC revealed that Tai Mo Shan had an agreement with Terraform Labs in 2021 to purchase Terra LUNA at a steep discount.
Additionally, Tai Mo Shan bought approximately $20 million in UST to maintain the stablecoin’s 1:1 peg w
Tai Mo Shan Settles with SEC for $123 Million Over TerraUSD Collapse
Tai Mo Shan, a subsidiary of Jump Crypto, agreed to pay $123 million to settle charges with the United States Securities and Exchange Commission (SEC) on Dec. 20 for misleading investors about the stability of the TerraUSD (UST) algorithmic stablecoin before its collapse.
The SEC revealed that Tai Mo Shan had an agreement with Terraform Labs in 2021 to purchase Terra LUNA at a steep discount.
Additionally, Tai Mo Shan bought approximately $20 million in UST to maintain the stablecoin’s 1:1 peg with the US dollar.
SEC Chair Gary Gensler remarked:
“The impact reverberated throughout the crypto markets, eventually costing the savings of countless investors. Regardless of the labels, crypto market participants should comply with the securities laws where applicable and not deceive the public.”
The Collapse of TerraUSD
TerraUSD, once the third-largest stablecoin by market capitalization, collapsed in May 2022, causing widespread disruption in the crypto market.
It was an algorithmic stablecoin that maintained its dollar peg through software and digital asset collateral.
The collapse began on May 8, 2022, when a whale dumped around $285 million in UST, causing the stablecoin to lose its peg and drop to $0.98.
By May 10, UST plunged further to $0.67, triggering liquidations among leveraged traders and sparking fear and uncertainty among investors.
As UST’s market capitalization exceeded the underlying LUNA reserves, it became clear that the stablecoin lacked sufficient collateral, leading to its complete collapse as panic selling ensued.
The fallout prompted a formal investigation of Terraform Labs and its founder, Do Kwon, by U.S. authorities, resulting in charges and a $4.4 billion settlement.
The collapse also spurred regulatory reforms like the Lummis-Gillibrand Stablecoin Act of 2024, which banned algorithmic stablecoins.
#TaiMoShan #SECSettlement #TerraUSDCollapse #CryptoRegulation #SEC $LUNC $USTC $BTC
Tai Mo Shan, a subsidiary of Jump Crypto, agreed to pay $123 million to settle charges with the United States Securities and Exchange Commission (SEC) on Dec. 20 for misleading investors about the stability of the TerraUSD (UST) algorithmic stablecoin before its collapse.
The SEC revealed that Tai Mo Shan had an agreement with Terraform Labs in 2021 to purchase Terra LUNA at a steep discount.
Additionally, Tai Mo Shan bought approximately $20 million in UST to maintain the stablecoin’s 1:1 peg with the US dollar.
SEC Chair Gary Gensler remarked:
“The impact reverberated throughout the crypto markets, eventually costing the savings of countless investors. Regardless of the labels, crypto market participants should comply with the securities laws where applicable and not deceive the public.”
The Collapse of TerraUSD
TerraUSD, once the third-largest stablecoin by market capitalization, collapsed in May 2022, causing widespread disruption in the crypto market.
It was an algorithmic stablecoin that maintained its dollar peg through software and digital asset collateral.
The collapse began on May 8, 2022, when a whale dumped around $285 million in UST, causing the stablecoin to lose its peg and drop to $0.98.
By May 10, UST plunged further to $0.67, triggering liquidations among leveraged traders and sparking fear and uncertainty among investors.
As UST’s market capitalization exceeded the underlying LUNA reserves, it became clear that the stablecoin lacked sufficient collateral, leading to its complete collapse as panic selling ensued.
The fallout prompted a formal investigation of Terraform Labs and its founder, Do Kwon, by U.S. authorities, resulting in charges and a $4.4 billion settlement.
The collapse also spurred regulatory reforms like the Lummis-Gillibrand Stablecoin Act of 2024, which banned algorithmic stablecoins.
#TaiMoShan #SECSettlement #TerraUSDCollapse #CryptoRegulation #SEC $LUNC $USTC $BTC
Is $2000 A Realistic Price Target For Binance Coin (BNB)? Here's What The Experts Think
Layer-1’s are arguably the best risk-to-reward plays in the entire cryptocurrency space. Binance Coin, emerging as a major winner in the 2021 bull run, is still a top five layer-1 despite increasing competition. Here’s why Binance Coin will likely remain a top ten asset by the end of the 2025 bull run.
Investors In Binance Coin Can Expect Bullish Long-Term And Short-Term Price Action
Binance Coin is positioning itself for a major breakout as the crypto market surges, with BNB trading at $712 fol
Investors In Binance Coin Can Expect Bullish Long-Term And Short-Term Price Action
Binance Coin is positioning itself for a major breakout as the crypto market surges, with BNB trading at $712 fol
Is $2000 A Realistic Price Target For Binance Coin (BNB)? Here's What The Experts Think
Layer-1’s are arguably the best risk-to-reward plays in the entire cryptocurrency space. Binance Coin, emerging as a major winner in the 2021 bull run, is still a top five layer-1 despite increasing competition. Here’s why Binance Coin will likely remain a top ten asset by the end of the 2025 bull run.
Investors In Binance Coin Can Expect Bullish Long-Term And Short-Term Price Action
Binance Coin is positioning itself for a major breakout as the crypto market surges, with BNB trading at $712 following a steady climb past the $700 psychological mark. The recent recovery in Bitcoin, which hit a new all-time high weekly close around $107,000, has sparked increased buying pressure across the market, providing favorable conditions for Binance Coin to test key resistance levels as altcoin season looms on the horizon.
Binance Coin’s steady growth remains a testament to the strength of its ecosystem, thriving despite its lack of hype on social media and the legal woes of CZ this year.
Unlike many of its rivals, Binance Smart Chain benefits from deep liquidity, an expansive DeFi network, and its ties to Binance, the world’s largest cryptocurrency exchange. This competitive advantage has allowed Binance Coin to sustain strong demand even as alternative layer-1 blockchains see fluctuating performances such as Toncoin.
Recent rallies also highlight its resilience amid market volatility. The coin has maintained its upward momentum despite previous bearish signals, holding steady at the support level around $720. If Binance Coin can successfully break past its previous all-time high of $794, it would signal renewed investor confidence and further solidify Binance Coin’s role as a leading layer-1 token in its second sequential bull cycle after dominating in the notorious 2021 run.
#BNBPriceTarget #BinanceCoin #CryptoNews #CryptoExperts #BNBForecast $BNB $SOL $BTC
Layer-1’s are arguably the best risk-to-reward plays in the entire cryptocurrency space. Binance Coin, emerging as a major winner in the 2021 bull run, is still a top five layer-1 despite increasing competition. Here’s why Binance Coin will likely remain a top ten asset by the end of the 2025 bull run.
Investors In Binance Coin Can Expect Bullish Long-Term And Short-Term Price Action
Binance Coin is positioning itself for a major breakout as the crypto market surges, with BNB trading at $712 following a steady climb past the $700 psychological mark. The recent recovery in Bitcoin, which hit a new all-time high weekly close around $107,000, has sparked increased buying pressure across the market, providing favorable conditions for Binance Coin to test key resistance levels as altcoin season looms on the horizon.
Binance Coin’s steady growth remains a testament to the strength of its ecosystem, thriving despite its lack of hype on social media and the legal woes of CZ this year.
Unlike many of its rivals, Binance Smart Chain benefits from deep liquidity, an expansive DeFi network, and its ties to Binance, the world’s largest cryptocurrency exchange. This competitive advantage has allowed Binance Coin to sustain strong demand even as alternative layer-1 blockchains see fluctuating performances such as Toncoin.
Recent rallies also highlight its resilience amid market volatility. The coin has maintained its upward momentum despite previous bearish signals, holding steady at the support level around $720. If Binance Coin can successfully break past its previous all-time high of $794, it would signal renewed investor confidence and further solidify Binance Coin’s role as a leading layer-1 token in its second sequential bull cycle after dominating in the notorious 2021 run.
#BNBPriceTarget #BinanceCoin #CryptoNews #CryptoExperts #BNBForecast $BNB $SOL $BTC
Holding $40 Billion Worth Bitcoin? Truth or Rumor?
Recent chatter in the crypto world has revolved around a bold claim that the United Arab Emirates (UAE) recently witnessed its Bitcoin holdings reach an impressive $40 billion. Perhaps prominent crypto commentator Bitcoin Archive raises questions over this news citing the lack of evidence supporting this bold news. Did the UAE’s Bitcoin holdings truly surge to $40 billion, or is it just a rumor? let’s find it out.
UAE Bitcoin Holdings Reach $40 Billion
The UAE’s Bitcoin holdings have reportedly
UAE Bitcoin Holdings Reach $40 Billion
The UAE’s Bitcoin holdings have reportedly
UAE Holding $40 Billion Worth Bitcoin? Truth or Rumor?
Recent chatter in the crypto world has revolved around a bold claim that the United Arab Emirates (UAE) recently witnessed its Bitcoin holdings reach an impressive $40 billion.
Perhaps prominent crypto commentator Bitcoin Archive raises questions over this news citing the lack of evidence supporting this bold news. Did the UAE’s Bitcoin holdings truly surge to $40 billion, or is it just a rumor? let’s find it out.
UAE Bitcoin Holdings Reach $40 Billion
The UAE’s Bitcoin holdings have reportedly reached $40 billion, showcasing its growing interest in cryptocurrencies.
This surge aligns with a global crypto bull market and reflects the UAE’s focus on fostering a crypto-friendly environment. Initiatives like the cryptocurrency center in Dubai have supported blockchain startups, boosting Bitcoin reserves in the country.
Experts believe the UAE will continue expanding its Bitcoin holdings, setting an example for other nations and encouraging institutional investments in Bitcoin.
However, earlier Binance’s Former CEO CZ hinted that UAE secretly is increasing its bitcoin reserve.
No Evidence to Support the Claim
Bitcoin Archive recently pointed out the news provided by Bitcoinist about the United Arab Emirates (UAE) bitcoin holding. However, the Bitcoin Archive says they didn’t provide any credible sources, links, or supporting evidence to validate the $40 billion Bitcoin acquisition.
After searching for trustworthy information, the Bitcoin Archive found no confirmation of such a purchase. They explained that a move as big as this would make global headlines, especially since the UAE has a major impact on the crypto market.
They also mentioned the ongoing discussion about Bitcoin’s role in financial reserves, such as former President Trump’s idea of a U.S. Strategic Reserve.
#UAEBitcoin #BitcoinHolding #CryptoNews #UAEInvestments #BitcoinRumors $BTC $ETH
Recent chatter in the crypto world has revolved around a bold claim that the United Arab Emirates (UAE) recently witnessed its Bitcoin holdings reach an impressive $40 billion.
Perhaps prominent crypto commentator Bitcoin Archive raises questions over this news citing the lack of evidence supporting this bold news. Did the UAE’s Bitcoin holdings truly surge to $40 billion, or is it just a rumor? let’s find it out.
UAE Bitcoin Holdings Reach $40 Billion
The UAE’s Bitcoin holdings have reportedly reached $40 billion, showcasing its growing interest in cryptocurrencies.
This surge aligns with a global crypto bull market and reflects the UAE’s focus on fostering a crypto-friendly environment. Initiatives like the cryptocurrency center in Dubai have supported blockchain startups, boosting Bitcoin reserves in the country.
Experts believe the UAE will continue expanding its Bitcoin holdings, setting an example for other nations and encouraging institutional investments in Bitcoin.
However, earlier Binance’s Former CEO CZ hinted that UAE secretly is increasing its bitcoin reserve.
No Evidence to Support the Claim
Bitcoin Archive recently pointed out the news provided by Bitcoinist about the United Arab Emirates (UAE) bitcoin holding. However, the Bitcoin Archive says they didn’t provide any credible sources, links, or supporting evidence to validate the $40 billion Bitcoin acquisition.
After searching for trustworthy information, the Bitcoin Archive found no confirmation of such a purchase. They explained that a move as big as this would make global headlines, especially since the UAE has a major impact on the crypto market.
They also mentioned the ongoing discussion about Bitcoin’s role in financial reserves, such as former President Trump’s idea of a U.S. Strategic Reserve.
#UAEBitcoin #BitcoinHolding #CryptoNews #UAEInvestments #BitcoinRumors $BTC $ETH