Author: News Room

Ethereum surged over 10% yesterday, marking an impressive recovery alongside a very bullish day for the entire crypto market. This surge has reignited investor optimism, especially as Ethereum approaches its yearly highs. Key data from CryptoQuant highlights a significant bullish signal: Ethereum’s Taker Buy Volume hit an astonishing $1.683 billion in a single hourly candle. This metric reflects aggressive buying activity in the futures market, further supporting Ethereum’s potential for continued upward momentum. The driving force behind this rising demand for Ethereum appears to stem from profits being cycled out of Bitcoin. With Bitcoin consistently breaking all-time highs, investors are…

As XRP continues to melt the faces of haters and skeptics with its skyrocketing price action, many made a U-turn on this popular cryptocurrency and began to wonder what the prospects of this crypto market old-timer actually are. In one of these miracles, Raoul Pal gave his verdict on XRP, answering one of the followers’ questions. The trading expert revealed that his sentiment on the popular cryptocurrency is actually positive and that XRP “will do well.” He confirmed that he still holds some XRP tokens purchased back in 2020, when the asset first became the focus of legal scrutiny in…

The year is 2024; Bitcoin is setting new all-time highs, and Trump’s crypto-friendly administration has not even resumed office yet. Gary Gensler, who suffocated crypto firms like Binance and besieged tokens like XRP, has shared his plans to step down. Throughout its tenure, Gensler’s SEC faced criticism for stifling innovation, not providing clear regulatory frameworks, and regulating by enforcement. And in Gensler fashion, he announced that he would step down on the same day the former president returned to office. The markets reacted positively to Gensler’s resignation from SEC leadership, especially tokens like XRP, which have been hit with different…

The crypto market recorded several important developments this week, from regulatory advancements to significant legal rulings. Taken together, the highlights display how the global cryptocurrency ecosystem continues to advance. The following is a roundup of crucial developments that happened this week but will continue shaping the sector. Gary Gensler’s to Resign as SEC Chair Gary Gensler, Chair of the US Securities and Exchange Commission (SEC), announced his resignation effective January 2025. The crypto industry had long anticipated his departure, which marks the end of a controversial tenure characterized by a strict approach to digital asset regulation. “On January 20, 2025,…

The SEC seeks to compensate investors in Mila Kunis-backed Stoner Cats NFTs, which were deemed an unregistered securities offering that violated federal law. Stoner Cats Investors to Be Compensated Under SEC’s Proposed Fund Plan The U.S. Securities and Exchange Commission (SEC) has announced a proposed plan to distribute funds collected from Stoner Cats 2 LLC […] Read the full article here

VanEck’s latest Bitcoin (BTC) report reaffirmed its cycle price target of $180,000, citing strong bullish indicators that align with the current market rally. The asset manager highlighted key metrics, including funding rates, Relative Unrealized Profit (RUP), and retail interest trends, as signals that the bull market is still in its early stages. Bitcoin has soared into uncharted territory, trading near $100,000 following a post-election rally. According to VanEck, this mirrors the market’s behavior in late 2020, when Bitcoin doubled after the US presidential election and continued its upward trajectory in the subsequent year. With a pro-Bitcoin regulatory environment and growing…

In a major announcement in the blockchain and Web3sphere, MoonDog has announced its new partnership with Aelf. This Artificial Intelligence-enabled Layer 1 blockchain is reputed for spearheading innovation across Asia. It is a step toward the decentralization of the future that has set as its goal the improvement of blockchain technology with regard to speed, protection, and simplicity. Driving Efficiency and Security in Web3 Though relatively new in the blockchain space, MoonDog expressed its enthusiasm for partnering with Aelf through social media platforms. Their development was presented as being in line with the goal of creating innovative products for applying…

SHIB leverages DeFi and NFTs for unparalleled ecosystem growth. DOGE gains momentum through dynamic utility and community backing. ADA’s superior sustainability and dApp development boost its appeal. For now, existing cryptocurrencies are owned by a growing number of individuals with the youth in the lead therefore competition for such individuals is cutthroat and rising, and therefore; other tokens such as Shiba Inu, Dogecoin, Cardano, and so on pose as very capable rivals to XRP. These are accumulating attention because of the novel and interesting propositions put forward by such monies, optimistic growth trends, and a vibrant community base. Shiba Inu…

A large whale in the cryptocurrency world has been making headlines. This whale accumulated a huge amount of Ethereum ($ETH) over eight years ago. Between January 18 and March 10, 2016, the whale bought 398,889 $ETH at an average price of about $6 per coin. At that time, this investment was equivalent to approximately $2.4 million, as noted by Lookonchain. A whale that accumulated 398,889 $ETH(currently worth $1.34B) at an average price of ~$6 is selling $ETH again!This whale accumulated 398,889 $ETH(then worth $2.4M) between Jan 18 and Mar 10, 2016, at an average cost of ~$6 per $ETH.After remaining…

Cardano (ADA) appears set to cross the $1 level as bullish sentiment remains high on the market. Notably, ADA has recorded an impressive surge in its open interest. Cardano open interest surges amid ADA’s bullish path to $1 According to CoinGlass data, a crypto analytics platform, the Cardano open interest has increased significantly by 15% in 24 hours. Futures traders have committed 848.99 million ADA, worth over $761 million. The open interest metrics have jumped by more than 6.49% within the last four hours alone. This happened despite ADA losing a few gains after it had reached $0.9281 in earlier…