FTX co-founder Gary Wang is emphasizing cooperation to avoid prison ahead of a sentencing hearing in Manhattan on Nov. 20. 🤝 Wang’s role in the FTX fraud scheme was less central, his lawyer said, and cooperation contributed to Sam Bankman-Fried’s conviction. Wang is trying to rebuild his life by starting a new business and family. 👨👩👦
The US Federal Reserve cut interest rates by 25 basis points at the FOMC meeting. This decision, as expected, did not affect Bitcoin's price much. BTC is hovering near $77,000, while there was no major movement in the markets due to the election of a new president. 🎢
Bitcoin is the 9th largest financial asset with a market value of $1.5 trillion, up 8% weekly and 22% monthly. 📈
Neiro (NEIRO), a dog-themed meme coin, has surged over 20% after Coinbase listed its perpetual contracts. This rally comes at a time when leading meme coins like DOGE and SHIB are experiencing declines. 📈
Coinbase’s perpetual contracts for NEIRO allow traders to speculate on price movements. However, these opportunities, which come with high leverage, also carry the risk of major losses. ⚠️
US Senator Cynthia Lummis has reaffirmed plans to create a strategic Bitcoin reserve! 🏛️ Following Republican Senate victories, Lummis stated her determination by saying, “We will build a strategic Bitcoin reserve.” The BITCOIN Act aims for the Treasury to purchase 1 million BTC over 5 years and hold it for 20 years. Could the pro-crypto majority support this proposal? 🚀 Let’s follow the developments!
Justin Sun made a job offer to Tron founder and SEC Chairman Gary Gensler! 🌟 Sun stated that he would hire Gensler on the condition that he approached the crypto industry sincerely. This offer resonated with the crypto community with Trump’s return to the White House. Gensler’s anti-crypto stance and strict regulations had increased the tension in the sector. Let’s see how this development will affect Gensler’s future? 🤔
This week, Ethereum is in motion! 🐋 A giant Ethereum whale, which has been silent for eight years, has started selling 398,891 ETH. On November 7, 13,400 ETH was sold in just six hours. These sales came with remarkable timing after the US presidential election.
The price of Ethereum is up more than 8% and experts see a big upside potential. The increase in open interest indicates that a "short squeeze" may occur. This could push the ETH price even higher. 🚀
In addition, spot Ethereum ETFs in the US saw the highest investment inflow in six weeks after Trump's victory. Fidelity and Grayscale funds took the largest share. Ethereum's future looks bright!
Cronos Labs Strengthens Partnership with Google Cloud! 🚀 Google Cloud is joining the Cronos ecosystem as a validator, bringing new life to the 32 validators in the Ethereum Virtual Machine (EVM) protocol. This partnership will increase developer participation and pave the way for innovative decentralized applications.
Google Cloud’s reliable infrastructure and advanced AI capabilities will bring security and stability to the Cronos network. This partnership will open up new opportunities at the intersection of blockchain and AI, while providing developers with hands-on experience through virtual hackathons. 🌐
Pi Network has extended the KYC period until November 30th, encouraging users to become validators and earn Pi tokens. 📅 With the latest updates, Pi Node is one step closer to the mainnet. The roadmap will be announced in December 2024. These developments have been met with mixed reactions in the Pi community. While some are excited, others see them as a delay. 🤔
Ethereum (ETH) has risen by 8% in the last 24 hours, exceeding the $2,800 level! 🚀 Analysts believe that this rise may continue. Important metrics such as MACD and moving averages are giving buy signals for ETH. However, the high RSI indicates that there may be a correction in the short term.
While this rise in ETH excites investors, some analysts predict that the price could reach the $8,000-$13,000 range next year. Let's see if Ethereum can continue this momentum? 📈
Bitcoin has calmed down a bit after reaching a new high of $76,500 and is currently trading around $75,000. 🚀 Up 4% for the week, its market cap is over $1.480 trillion.
Ethereum, on the other hand, has jumped 8% to over $2,800. Altcoins like PEPE and AAVE have also seen double-digit gains. The total crypto market cap has reached $2.650 trillion. Altcoins are on the scene, Bitcoin’s dominance has fallen to 56.2%. 📉
Ripple’s XRP could rally to $0.65 with a 6% daily gain if it breaks through key resistance. Trump’s promise to fire SEC Chairman Gary Gensler could boost XRP. 📈
XRP was one of the few cryptocurrencies that didn’t see a significant increase after Trump’s election victory. However, it rose 6% today to $0.57. Analysts expect more gains if it breaks through the $0.55 resistance. 🚀
Gensler’s removal could boost XRP’s confidence. The lawsuit against Ripple is still ongoing. BitBoy believes this could make XRP the best-performing cryptocurrency during the Trump era.
Bitcoin broke records on Wednesday, exceeding $75,000 and Thursday morning, reaching $76,000, before settling around $74,500. Market experts are bullish on the potential for growth due to the expected pro-crypto stance from the Trump administration. 📈
Open interest (OI) on Binance hit a record high of $8.3 billion. This increase suggests that market volatility could increase. Both long and short positions could be under pressure. 💼
Bitcoin hits $76,444 record with Trump's victory 🚀! The most crypto-friendly Congress in the US was elected. Coinbase celebrated this development. Bitcoin surpassed Meta's market cap and there is talk of a strategic Bitcoin reserve for the US. Institutional interest is also increasing; BlackRock's ETF saw record volume. Ethereum is also on the rise, rising 10% to $2,872. Analysts predict ETH will reach $5,000.
The crypto world has won a big victory in the US elections! 🎉 Hundreds of pro-crypto candidates have taken seats in Congress in the 2024 elections. The crypto industry has spent more than $238 million to increase its influence in the American legislative arena.
According to Fox News and Stand With Crypto, 247 pro-crypto candidates are leading in the House of Representatives, while 15 crypto-friendly candidates are leading in the Senate. These results show how powerful crypto advocates are in the political arena.
One of the hottest topics of this year, the US presidential election, resulted in Donald Trump’s victory. Trump’s victory caused a huge revival in the crypto market. Bitcoin reached a new high of over $75,000. 🎉
However, not everyone benefited. Canadian streamer xQc missed out on almost $1 million in profits by investing $700,000 in BTC on Harris. 🤦♂️
Cronos (CRO) token attracted attention with 19% increase as Crypto.com announced its 2025 roadmap! 🚀 According to CoinMarketCap data, CRO price increased by 31.9% in a short time from $0.072 to $0.095. The roadmap heralds the expansion of exchange services and the arrival of new rewards programs. CEO Kris Marszalek stated that this strategy will support the 250 million user target. 📈
Trump's victory sends crypto markets soaring 🚀 Bitcoin reaches new highs, while XRP lags behind. Ripple CEO Garlinghouse congratulated Trump and suggested replacing SEC Chairman Gensler. Analysts believe XRP could rally if it breaks key levels. XRP's future is uncertain, but there is hope! 😎
Bitcoin hits new high, surpassing $75,000! 🚀 There is a great triumph in the crypto world with Trump becoming the 47th President of the United States. The Coinbase Premium Index indicates that Bitcoin demand may increase in the United States.
This index tracks the Bitcoin price difference between Coinbase and Binance. A positive index indicates strong buying pressure from US investors. QCP Capital predicts Bitcoin will remain strong until 2025. 📈
Binance has listed two new cryptocurrencies, COW Protocol (COW) and Cetus Protocol (CETUS), causing a huge price increase 🚀. You can trade COW/USDT and CETUS/USDT pairs. However, these coins are listed with the “seed” tag, meaning they may involve high volatility and risk. Be careful and do your own research before investing. 📈