Author: News Room

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…

President-elect Donald Trump has nominated Scott Bessent, a prominent hedge fund manager known for his pro-cryptocurrency stance, to serve as the next Secretary of the Treasury, multiple news outlets reported late Friday. Bessent, founder of Key Square Group, has been a significant economic adviser to Trump’s campaign and is expected to play a pivotal role in shaping the administration’s economic policies. Born in 1962 in Conway, South Carolina, Scott Bessent graduated from Yale University in 1984. He began his career in finance at Brown Brothers Harriman and later joined Kynikos Associates. In 1991, Bessent became a partner at Soros Fund…

Crypto users could have been at risk due to Apple’s security flaw, especially those using Intel-based MacBooks. Changpeng Zhao (CZ), the former CEO of Binance, recently took to X to sound an alarm, urging users to update their Apple devices immediately. Notably, Apple released emergency macOS, iOS, and iPadOS updates on November 19 to address critical security vulnerabilities that were reportedly exploited. Apple’s latest security flaw identified by Google TAG Changpeng Zhao (CZ), the former CEO of Binance, took to X to urge Apple users to update their devices for a security fix. Also update your iPhones. Important security fix.https://t.co/rPKZzp41Ut…

As the price of the flagship cryptocurrency Bitcoin ($BTC) hovers around the $99,000 mark the Coinbase Premium Index, which measures the price difference between BTC on Coinbase and other exchanges, has “disappeared.” According to a post from CryptoQuant analyst “maartunn,” the index disappeared “as soon as Bitcoin tagged $98,000,” which means that spot exchange-traded funds (ETFs) will have to “step up” to “keep the price elevated.” Source: CryptoQuant The Coinbase premium index is an indicator showing the price gap between Coinbase’s BTC/USD trading pair and Binance’s BTC/USDT pair. When the premium is positive, it shows buying pressure on the exchange…