FTX co-founder Gary Wang is asking the court for leniency ahead of his sentencing scheduled for November 20 in Manhattan federal court. 🏛️ His attorney argues that Wang’s cooperation and smaller role in the FTX fraud merit probation.
Wang pleaded guilty in 2022 and actively assisted in the case against Sam Bankman-Fried, which played a major role in his conviction. Wang is working to rebuild his life and continues to cooperate with authorities. 🤝
The US Federal Reserve cut interest rates by 25 basis points after the presidential election, as expected. 📉 Bitcoin, which reached a record $77,000, remained stable despite the news.
The rate cut is due to falling inflation, and the Fed aims to reach 2% in the coming months. Bitcoin has risen by 8% in a week and more than 22% in a month, its capitalization exceeds $1.5 trillion. 🚀
🚀 Memcoin Neiro (NEIRO) has soared 20% since listing on Coinbase, hitting a three-week high of $0.002 and a market cap of over $900 million. This makes it the 96th largest asset in the crypto industry and ninth in its niche.
Coinbase launched NEIRO perpetual contracts, which likely catalyzed the rally. These contracts allow traders to speculate on price movements without purchasing tokens, but high leverage increases risks. 📈
Wyoming Senator Cynthia Lummis has reiterated her commitment to creating a strategic Bitcoin reserve for the United States. 🇺🇸
After the Republican victory in the Senate, Lummis confidently declared: "We will create a strategic Bitcoin reserve" while promoting the BITCOIN bill, which would purchase one million BTC over five years.
With the support of the pro-crypto majority in Congress, the chances of success for the initiative look promising. 📈
Tron founder Justin Sun has offered a job to SEC chief Gary Gensler if he can be sincere about the crypto industry. 🤝 The offer comes as Donald Trump returns to the White House, who has promised to fire Gensler.
The SEC has often been criticized for its crackdown on crypto firms, which has led to tensions. Gensler's time in office may be coming to an end, but his departure is not guaranteed.
Crypto Market Watch! 🐋 An Ethereum whale that has been silent for over eight years has started selling some of its 398,891 ETH, worth about $1.14 billion. Over the course of six hours on November 7, 13,400 ETH were sold at an average price of $2,790 per ETH.
Experts predict a "monster rally" for Ethereum. Trader Byzantine General believes that the accumulation of short positions could lead to a powerful price increase.
US Ethereum ETFs have seen record inflows in six weeks, especially after Donald Trump's victory. 📈
Kronos Labs is strengthening its partnership with Google Cloud, making it a validator in its ecosystem! 🚀 This partnership will not only strengthen the network security, but also attract more developers to the platform. Google Cloud will become the main cloud provider for Kronos, opening up new horizons for decentralized applications.
Joint virtual hackathons will help developers master AI and blockchain technologies, which promises a lot of innovation. 🤝
Pi Network has extended its KYC deadline to November 30, encouraging users to become validators and earn Pi tokens. 🚀
The recent Pi Node update brings nodes closer to the mainnet, with a roadmap expected in December 2024. The project has been controversial due to a lack of technical information and delays in the token and mainnet launch.
The community is divided: some are happy, others see this as another delay. 🤔
Ethereum (ETH) has finally joined the crypto party, hitting $2,800 for the first time in three months! 🎉 Analysts predict continued gains, but high RSI signals a possible short-term correction.
Key metrics like MACD and moving averages are showing buy signals. However, the RSI is almost at 80, which could indicate overbought conditions. Stay alert and watch the market! 📈
Gary Gensler and his SEC have launched a real hunt for the crypto industry in the US, considering most digital assets to be unregistered securities. However, the recent victory of the Republicans in the elections may change this situation. 🚀
Trump promised to fire Gensler and appoint a new chairman, which could lead to more constructive crypto regulations. This could reduce the number of lawsuits and improve the prospects for crypto companies. 🔄
Bitcoin surprised again, reaching a new record of $76,500, but has now cooled down to $75,000. 📉 Despite this, it is still 4% higher than last week. BTC dominance has dropped to 56.2%, giving way to altcoins.
Ethereum came alive, jumping 8% to exceed $2,800 for the first time in months. Other alts such as PEPE and AAVE also posted double-digit gains. The total crypto market capitalization has increased by $50 billion, reaching $2.650 trillion. 🚀
XRP is back in the spotlight! 🚀 Ripple has grown by 6% in 24 hours, reaching $0.57. Analysts believe that a breakout of the $0.55 resistance could lead to growth to $0.65.
Interestingly, Trump's promise to fire SEC chief Gary Gensler could strengthen XRP's position. The war between the SEC and Ripple has been going on since 2020, and possible changes could affect the market.
Bitcoin soared above $75,000 on Wednesday and reached $76,000 on Thursday, setting a new record before stabilizing around $74,500. 🤑 Market experts remain optimistic, anticipating pro-crypto policies from the Donald Trump administration.
Meanwhile, open interest (OI) on Binance reached a record $8.3 billion, which could signal an increase in volatility. 📊 Analysts warn that a sharp rise in OI could lead to liquidations in the futures market.
Bitcoin reached a record $76,444 following Trump's victory in the US presidential election. 🎉 Crypto analysts are celebrating, predicting a rise to $250K. Institutional interest is growing, and the Bitcoin ETF from BlackRock has shown record trading volume.
Ethereum has also come alive, jumping 10% to $2,872. After months of stagnation, analysts predict a rise to $5,000. The crypto market is back in the spotlight! 🚀
Crypto enthusiasts can celebrate! 🎉 The results of the 2024 US elections show that hundreds of candidates supporting cryptocurrencies have secured positions in Congress.
The sector spent over $238 million to enhance its influence, and it paid off: 247 candidates in the House of Representatives and 15 in the Senate support crypto.
Support from PACs and well-known investors helped many candidates, including victories in key states. 🗳️
Trump is back in business! 🎉 His victory in the elections triggered a crypto-boom: Bitcoin reached a new peak at $75K. But not everyone is winning. Canadian streamer xQc lost a chance at $1 million, betting $700K in BTC on Harris. X users consider the bet risky, suggesting it would be better to donate the money to charity. Meanwhile, memes about Trump have soared, while those about the Democrats have collapsed. 📉
Crypto enthusiasts, attention! 🚀 The Cronos (CRO) token from Crypto.com soared by 31.9% after the presentation of the roadmap for 2025. Although the price slightly decreased to $0.085, the daily growth was 19%.
Crypto.com plans expansion: adding stocks, banking, and card services. In 2024, the launch of the Level Up program and a web application is expected, and in 2025 - a stablecoin and AI tools. 🌐 The CEO is confident in competitiveness and aims for 250 million users.
The cryptocurrency market has revived after Trump's victory, but XRP lags behind other assets. 🤔 Despite this, analysts hope for a breakthrough if it overcomes key price levels.
Ripple's CEO, Brad Garlinghouse, congratulated Trump and called for changes, including replacing SEC head Gary Gensler and clarifying Ethereum's status. XRP could rise if it secures above $1.10. 🚀
Bitcoin soared above $75,000, setting a new record, as Donald Trump prepares to become the 47th president of the USA. 🚀 This event has been a triumph for the crypto industry, and the Coinbase Premium Index showed an increase, indicating a possible surge in demand for Bitcoin in the USA.
The index tracks the price difference of Bitcoin on Coinbase and Binance. The recent increase to 0.06 indicates strong buying pressure from American traders and institutional investors.
QCP Capital is confident in the continuation of Bitcoin's bullish trend until 2025, noting that the crypto market is "on fire," and BTC has reached an all-time high. 💪 Traditional markets are also reacting: the dollar and bond yields are rising amid expectations of economic growth.