Author: News Room
A massive Ethereum whale that accumulated nearly 400,000 ETH when the second-largest cryptocurrency by market capitalization was trading at around $6 per token has recently restarted selling. According to data shared by on-chain analysis firm Lookonchain, the whale accumulated a total of 398,889 ETH for around $2.4 million between January and March 2016, with the tokens now being worth over $1.34 billion after Ethereum’s price exploded in the last eight years. The cryptocurrency is now trading at $3,350 per token and has a $404 billion market capitalization. Per Lookonchain, the massive Ethereum whale remained dormant for over eight years, before…
Crypto companies such as Ripple, Kraken, and Circle are vying for spots on President-elect Donald Trump’s promised crypto council. Trump previously announced plans for a crypto council at the 2024 Bitcoin conference in Nashville. During his campaign, he pledged to overhaul US crypto policies and bring notable changes to the regulatory system. Leaders from Ripple, Coinbase, and Circle Eye Spots on Crypto Council According to a report from Reuters, Coinbase CEO Brian Armstrong recently met with Trump, though the details of their discussion remain unclear. The CEO of USDC stablecoin issue Circle, Jeremy Allaire, and venture firms like Paradigm and…
Microstrategy shares have jumped 171% in just six months, drawing both admiration and skepticism. While MSTR stock trades at a premium, critics and short-sellers argue the company is deep in bubble territory. MSTR Rally Sparks Skepticism, Renowned Shorter Say Stock Is ‘Overheated’ Bitcoin’s meteoric rise has turned out to be a windfall for Microstrategy (Nasdaq: […] Read the full article here
Bitcoin just made history – surging to almost $100,000 in a rally that has caught the attention of traders worldwide. Meanwhile, the meme coin sector’s latest sensation, Pepe Unchained, has entered the final three weeks of its presale with over $40 million raised. With giants and new faces racking up gains, the crypto market is buzzing right now. Bitcoin Edges Towards $100K as Short Sellers Hold Their Breath The OG cryptocurrency is inching closer to its biggest milestone yet. After hitting $99,500 earlier today, BTC has pulled back slightly to $98,000 – just below the historic $100,000 mark. Trading volumes…
This week I had the pleasure of interviewing Jeff Park, head of alpha strategies at Bitwise Asset Management, to unpack the BTC ETF options launch this week. Here are the main takeaways from our interview that I learned: Volatility Smile Typically with risk assets, puts demand a higher premium than calls. This is because most people use options to hedge their longs, creating skewed demand for puts over calls. This typically creates a half smile in the volatility structure as seen below: Something very unique about crypto, however, is that it has a persistent smile to its volatility surface —…
MetaHub Finance has officially announced a partnership with Ginoa, marking a significant step forward in the blockchain and digital asset space. The announcement was shared through MetaHub’s official X account, generating excitement within the tech community. 🚀PARTNERSHIP ANNOUNCEMENT 🚀MetaHub Finance x Ginoa 🤝We are thrilled to unveil our latest collaboration with Ginoa🎉🌎 Ginoa has successfully combined artificial intelligence, which started as price expertise for NFT and Metaverse, adding a trading platform to offer an… pic.twitter.com/VdkXGlEUYr — MetaHub Finance (@MetaHubFinance) November 21, 2024 Ginoa Reduces NFT Pricing Uncertainty with Advanced Machine Learning Ginoa has done significant improvement in the digital asset…
Elon Musk, the tech billionaire who spearheads several large tech companies and owns the X social media platform, has issued a “meme alert” which immediately sparked a wave of heated comments both from the crypto community and regular X users who follow Musk on this own social media network. While, Musk boasts an account with the largest follower count, his fans on X largely remain meme lovers and they respond actively every time the tech mogul posts something related to memes, including his frequent tweets about the meme cryptocurrency Dogecoin. Elon Musk issues “meme alert” Tesla CEO Elon Musk published…
The Financial Industry Regulatory Authority (FINRA) has introduced a comprehensive section on its website dedicated to cryptocurrency. This new resource provides detailed information on the classification of crypto assets, the risks involved in trading them, and relevant investor protections. Classifications of Crypto Assets One key feature of the new FINRA section is a focus on the legal status of crypto assets. FINRA explains that, depending on applicable laws, certain cryptocurrencies may qualify as securities, commodities, or other asset types. While the term “crypto asset security” is not used explicitly, except in reference to a 2023 SEC Investor Alert, the authority…
The U.S. Department of Justice (DOJ) shut down the PopeyeTools marketplace, an illicit website known for offering stolen credit card data and fraud tools. The DOJ filed criminal charges against three individuals who reportedly operated the site: Abdul Ghaffar, 25, and Abdul Sami, 35, both of Pakistan, and Javed Mirza, 37, of Afghanistan. PopeyeTools: A Hub for Cybercriminal Activity According to the report, created in 2016, PopeyeTools became an online marketplace for cybercriminals worldwide. The site sold stolen financial data, bank account numbers, and tools designed for committing fraud. PopeyeTools allegedly served over 227,000 victims, generating over $1.7 million in…
MicroStrategy Inc.’s meteoric rise in recent weeks has placed its leveraged ETFs in the spotlight, sparking both investor enthusiasm and operational challenges for fund managers, according to a report published earlier today by Vildana Hajric for Bloomberg News. The T-Rex 2X Long MSTR Daily Target ETF (MSTU), launched by Matt Tuttle, has faced capacity limits from its prime brokers due to the inherent volatility of MicroStrategy’s stock, which is heavily tied to Bitcoin. At its debut, MSTU quickly gained traction, becoming one of the most volatile ETFs ever introduced on Wall Street. The ETF, designed to deliver double the daily…