Author: News Room
Gary Gensler, who took the helm of the U.S. Securities and Exchange Commission (SEC) in April 2021, has been one of the most polarizing figures in financial regulation in recent years. His tenure has been marked by bold reforms, fierce debates, and an unrelenting focus on cryptocurrencies. While he has won praise for his efforts to modernize financial markets and protect investors, his approach to regulating the crypto sector has drawn sharp criticism. This comes amid recent speculation about his resignation. A Legacy of Modernizing Financial Regulation From the outset, Gensler aimed to bring sweeping changes to the SEC, focusing…
On Thursday, Bitcoin mining giant MARA Holdings (NASDAQ: MARA) announced that it had successfully closed a $1 billion convertible senior notes offering on November 20, 2024. The offering includes an additional $150 million in notes issued when initial purchasers exercised their full 13-day option on November 19. The zero-interest convertible senior notes, maturing March 1, 2030, were sold privately to qualified institutional buyers under Rule 144A of the Securities Act. After deducting purchasers’ discounts and commissions, MARA netted approximately $980 million from the sale. The company has outlined specific plans for the proceeds, allocating $199 million to repurchase $212 million…
Crypto investor Raoul Pal has shared a bullish outlook for Solana (SOL), suggesting the altcoin could see further gains despite recently reaching a new all-time high. His prediction coincides with two new ETF filings featuring SOL, which could increase the cryptocurrency’s demand and visibility in mainstream markets. For investors, this forecast aligns with Solana’s expanding ecosystem and growth. The key question remains: How high can SOL rise before hitting the ceiling of this bull cycle? Pal Expects Solana to Continue Climbing Pal’s comment after SOL’s price climbed above its previous peak of $260. According to the investor, who is also…
Sui has joined forces with Franklin Templeton Digital Assets in a bid to drive blockchain innovation and foster growth within the Sui ecosystem. Sui and Franklin Templeton Forge Blockchain Development Alliance As a layer-one (L1) blockchain, Sui’s latest collaboration with Franklin Templeton highlights the growing interest of established financial institutions in exploring the potential of […] Read the full article here
A widely followed cryptocurrency analyst and trader is turning bullish on one red-hot large-cap altcoin. The analyst pseudonymously known as Bluntz tells his 296,200 followers on social media platform X that memecoin Pepe (PEPE) could soar more than 35% from its current value. The trader says the Pepe appears to have printed a local bottom after completing an ABC corrective wave on the one-hour chart. He uses Elliott Wave theory, which states that a bullish asset often witnesses a fresh leg up after a three-part ABC correction. “Daily reminder that Pepe is going to turbo send. Raise your targets.” Looking…
A dormant Ethereum whale has resurfaced, sparking intrigue as the price of the world’s largest altcoin rallies amidst a broader market surge. According to Lookonchain, this whale amassed 398,889 ETH – worth $2.4 million at the time – between January 18 and March 10, 2016, at an average price of just $6 per ether. The wallet had remained inactive for over eight years until November 7, 2024, when it began offloading its holdings. So far, the whale has sold 73,356 ETH, which is currently valued at $224.42 million. Following the sale, its stash has reduced to 325,533 ETH, still worth…
Calamos Investments just filed paperwork with the U.S. Securities and Exchange Commission (SEC) to launch “structured-protection” exchange-traded funds (ETFs) that hedge up to 100% of Bitcoin’s downside risk using the options market. These ETFs promise to give investors Bitcoin exposure while cushioning them from its infamous volatility. Three new strategies are on the table. One offers complete protection for six months, while the other two hedge 90% and 80% of losses over one year. Earlier this year, Calamos also filed for a one-year ETF with 100% downside protection. None of the funds have fees or tickers yet, but if approved,…
Orbler, a Web3 marketing/crypto platform, has disclosed a strategic collaboration with Zesh App, an AI-powered SocialFi solution. Orbler shared the announcement on the X platform on 22nd November 2024. According to Orbler, the partnership aims to create AI-driven solutions on their blockchain infrastructures to enhance decentralized applications (dApps) functionality and web3 engagement in the crypto landscape. The collaboration focuses on the integration of AI with blockchain technologies to revolutionize how users and development teams interact with the web3 networks. Advancing Web3 Innovation through partnerships The partnership signals a mutual vision between Orbler and Zesh App to users, communities, and developers…
Vechain has launched the Endorsement mechanism, an initiative for Economic and X node holders to engage in platform governance. The endorsement mechanism is vital for decentralizing decision-making within the Better ecosystem, allowing the community to select eligible apps for governance rewards, a responsibility currently held by the VeChain Foundation. VeChain, one of the longest-standing projects in the blockchain sector, has recently rolled out its Endorsement mechanism within the VeBetterDAO network. Founded in 2015 as a private consortium chain, this decentralized smart contract platform aims to improve supply chain management. The team develops business applications that can be integrated into inventory…
Dogwifhat (WIF), the popular Solana-based meme coin gained massive attention in the past few days due to its impressive price surge of over 150%. However, the meme coin has been continuously falling and has now found support at the golden Fibonacci ratio of 0.618 level. Bullish Indicators on WIF Charts Besides finding support at the golden ratio, WIF is also benefiting from Solana (SOL) as it approaches its all-time high. Additionally, the meme coin’s charts on both the four-hour and daily timeframes appear highly bullish, signaling a potential notable upside rally in the coming days. WIF Price Prediction for November…