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Bybit Faces Crypto's Biggest Hack, with Nearly $1.5 Billion Stolen
A hacker gained access to one of Bybit's cold Ethereum ($ETH ) wallets.
Will this lead to a dump or pump this week?
A hacker gained access to one of Bybit's cold Ethereum ($ETH ) wallets.
Will this lead to a dump or pump this week?
Cardano $ADA has unveiled a partnership with FC Barcelona, one of the world's most renowned football clubs, aiming to transform fan engagement and unlock global opportunities for the club.
This collaboration will merge cutting-edge technology with sports to enhance the experience for fans and the broader sports community.
This collaboration will merge cutting-edge technology with sports to enhance the experience for fans and the broader sports community.
Input Output Global (IOG), the development team behind Cardano $ADA , has launched Daedalus v7.0.0, the latest version of its full-node wallet for desktop users. The update introduces an automatic voting mode, allowing users to choose options like abstention or a “no confidence” vote. This feature ensures that all $ADA wallet holders, regardless of their involvement, can participate in governance decisions.
The release of Daedalus v7.0.0 is a significant milestone in Cardano’s path toward greater decentralization, as the community prepares to vote on the Cardano Constitution in January 2025.
The release of Daedalus v7.0.0 is a significant milestone in Cardano’s path toward greater decentralization, as the community prepares to vote on the Cardano Constitution in January 2025.
The annual inflation rate increased to 2.7% in November, in line with expectations.
On December 10, Bitcoin $BTC mining giant MARA Holdings purchased 11,774 Bitcoins for a total of $1.1 billion.
What are you waiting for ?!!
On December 10, Bitcoin $BTC mining giant MARA Holdings purchased 11,774 Bitcoins for a total of $1.1 billion.
What are you waiting for ?!!
Cardano's Significant Move Towards Community-Driven Governance
The Cardano community has strongly endorsed a new constitution, with 95% of votes in favor. This approval represents a key moment in the evolution of Cardano's governance, designed to strengthen decentralization and encourage greater involvement from $ADA holders, the network's native token.
The Cardano community has strongly endorsed a new constitution, with 95% of votes in favor. This approval represents a key moment in the evolution of Cardano's governance, designed to strengthen decentralization and encourage greater involvement from $ADA holders, the network's native token.
US-based spot Bitcoin Exchange-Traded Funds (ETFs) have already accumulated more than 1.1 million Bitcoin $BTC , surpassing the holdings of Bitcoin's creator, Satoshi Nakamoto. This milestone has been achieved in less than a year, positioning these ETFs as the largest Bitcoin holders globally. The rapid accumulation highlights the growing institutional adoption of Bitcoin through regulated financial products, as well as the increasing demand for exposure to the cryptocurrency in a secure and accessible way. This shift marks a significant moment in the evolution of Bitcoin's financial ecosystem.
Cardano ($ADA ) has achieved a significant milestone by topping 100 million transactions.
The Epoch 529, named after Epoch 529 , plan provides the best opportunity for the SPOs and ICC to vote to ratify the hard fork in January 2025, as ratification and enactment can occur at any Epoch boundary between Jan. 4 and 29, 2025.
The Cardano constitution was recently approved, marking a major milestone for both Cardano and the broader crypto industry. The next step is for the Cardano community to decide whether to ratify it, with the proposal expected to be submitted on-chain in January 2025.
The Epoch 529, named after Epoch 529 , plan provides the best opportunity for the SPOs and ICC to vote to ratify the hard fork in January 2025, as ratification and enactment can occur at any Epoch boundary between Jan. 4 and 29, 2025.
The Cardano constitution was recently approved, marking a major milestone for both Cardano and the broader crypto industry. The next step is for the Cardano community to decide whether to ratify it, with the proposal expected to be submitted on-chain in January 2025.
The closest resistance level for $ADA is at $1.35. If it successfully surpasses this, the next target could be $1.64, offering a potential upside of about 30% from the current price.
The Relative Strength Index (RSI) is below the overbought zone, suggesting there may be further room for growth. Meanwhile, the stochastic indicator signals potential for continued movement, and with the MACD slightly negative, some consolidation might occur before another upward move. Investors are keeping a close eye on the altcoin season, which could drive $ADA to new highs.
The Relative Strength Index (RSI) is below the overbought zone, suggesting there may be further room for growth. Meanwhile, the stochastic indicator signals potential for continued movement, and with the MACD slightly negative, some consolidation might occur before another upward move. Investors are keeping a close eye on the altcoin season, which could drive $ADA to new highs.
As the cryptocurrency market shifts its attention from Bitcoin to altcoins, Solana $SOL has become a prominent player. Reports indicate that the SEC is set to begin its initial review of multiple Solana-based ETF applications as soon as January 2025.
All attention is on Solana.$SOL
All attention is on Solana.$SOL
Ski Mask Dog Soars To New All-Time High After 1,038% Weekly Gain. Both the Moving Average Convergence Divergence and the Relative Strength Index are flashing bullish on the 1-hour chart.
You have chance now. DYOR
You have chance now. DYOR
Mastercard has authorized the Hong Kong-based cryptocurrency exchange Crypto.com to introduce its prepaid payment card services in the Gulf Cooperation Council (GCC) region. As the GCC region evolves into a key hub for blockchain and Web3 innovation, it presents a highly appealing market for cryptocurrency platforms. $BTC
The crypto market is likely to experience heightened volatility as Bitcoin ($BTC ) and Ethereum ($ETH ) options contracts worth $9.4 billion and $1.3 billion, respectively, are set to expire on Friday, November 29, 2024, at 08:00 UTC on the Deribit exchange. Deribit data reveals that 45% of Bitcoin's expiring options ($4.2 billion) are in-the-money (ITM), with 80% being call options, meaning their strike prices are below Bitcoin's current price of $98,000, giving option holders an opportunity for significant profits. Conversely, 55% of Bitcoin's options ($5.2 billion) are out-of-the-money (OTM), with $4.1 billion of that being put options, which would profit if prices drop, but are mainly used as hedges and are unlikely to have much impact. Additionally, the max pain price, where option sellers face minimal payouts, is $78,000, well below Bitcoin's current value.
Cardano’s native token, $ADA , has experienced remarkable growth of 41% this week, reaching a price of $0.08 on November 21. As a result, Cardano’s market capitalization surpassed $28 billion on November 21 and is on track to approach $34 billion by the end of the week.
The Cardano Foundation generates most of its revenue through staking rewards by delegating ADA tokens within the Cardano network. In 2023, it earned $20.9 million from staking 668.8 million ADA tokens, along with an additional 3.1% in ADA returns.
The Cardano Foundation generates most of its revenue through staking rewards by delegating ADA tokens within the Cardano network. In 2023, it earned $20.9 million from staking 668.8 million ADA tokens, along with an additional 3.1% in ADA returns.
The DeFi ecosystem on Cardano $ADA has seen significant growth recently, with the total value locked (TVL) surging by 130% in just a few days.
Data from DeFiLlama shows that Cardano's TVL increased from $199 million on November 5 to $457.9 million by mid-November, indicating a rise in user engagement and network activity.
To the 5 top
Data from DeFiLlama shows that Cardano's TVL increased from $199 million on November 5 to $457.9 million by mid-November, indicating a rise in user engagement and network activity.
To the 5 top
For long-term investors, $ADA provides the confidence of a well-established project dedicated to delivering quality rather than chasing hype. With consistent progress in developing a scalable blockchain, it stands out as one of the top cryptocurrencies to buy in November 2024, particularly for those focused on sustained growth rather than quick flips.
In the next 12 days, Cardano ($ADA ) is poised to surpass XRP in market capitalization, driven by increasing investor confidence and strong bullish momentum. As Bitcoin $BTC continues to hit new all-time highs, the broader cryptocurrency market is seeing heightened activity, with Cardano benefiting from its solid fundamentals and growing adoption. With ADA's recent upward trajectory and $XRP facing headwinds due to regulatory uncertainties, Cardano is well-positioned to outpace XRP in market cap, marking a significant milestone in its growth and positioning within the top cryptocurrencies.
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