Author: News Room
A closely followed crypto analyst believes that Ethereum (ETH) is potentially on the verge of plummeting against Bitcoin (BTC). Pseudonymous analyst Altcoin Sherpa tells his 230,400 followers on the social media platform X that the low for Ethereum in its Bitcoin pair (ETH/BTC) may not yet be in as the flagship digital asset nears $100,000. “ETH lol. This is the chart I had months ago. The true ETH/BTC bottom is probably at like 0.025-0.03 BTC.” ETH/BTC is trading for 0.03412 BTC ($3,363), up 4.57% in the last 24 hours. Next up, the analyst predicts that ETH rival Solana (SOL) will…
Michael Saylor has announced that MicroStrategy successfully raised $3 billion through a convertible senior note offering. According to the company’s Executive Chairman, the offering carries a 0% coupon rate and a 55% premium, setting the implied strike price at around $672 per share. $3 Billion Convertible Notes Offering In an accompanying press release, MicroStrategy explained that the proceeds from the sale will be used to purchase additional Bitcoin and for general corporate purposes. The $3 billion offering consists of convertible senior notes due in 2029. It also includes $400 million in additional notes, purchased through an option exercised by the initial…
Bitcoin surged to $95K, surpassing previous records and signaling massive market activity. ETFs, pro-crypto policies, and retail interest drive momentum toward $120K by 2025. Analysts recommend holding assets as Bitcoin transitions from belief phase to euphoria. Bitcoin has broken another record, surging to $95,000 for the first time. This jump comes just one day after setting a previous high of $93,500. Over $78 billion in Bitcoin changed hands within 24 hours, signaling massive market activity. Experts now predict an even bigger surge as the cryptocurrency moves toward a euphoric phase. With momentum building, analysts see Bitcoin reaching unprecedented levels before…
Ithaca Protocol has been awarded a grant from the Arbitrum Foundation. This is a significant milestone for the non-custodial, composable options protocol. Through the support from Arbitrum, Ithaca Protocol will be in a position to further develop its platform. This announcement was made through the official X account of Ithaca Protocol. We are proud to announce that @IthacaProtocol has been awarded a grant from the Arbitrum Foundation!Backed by @Arbitrum, our MEV-resistant auction engine ensures fair, efficient trading for everyone.This support will allow us to enhance your experience on our platform -… pic.twitter.com/acHrYrW6re — Ithaca Protocol (@IthacaProtocol) November 21, 2024 Ithaca…
FTT, a native token of the now-bankrupt cryptocurrency exchange FTX, has surged over 30% in the last 24 hours, witnessing its monthly high at $2.93. The price spikes come after FTX provided a crucial update on its reorganization plan on November 21, which is set to begin in January 2025. Amid the bull season in the crypto market, the surge has helped FTT become the top gainer among the top 100 cryptocurrencies, raising expectations that the token could see further rally and surpass its year-to-date high of $3.43. However, at the time of writing, the token faced a small correction,…
Bullish sentiment in the cryptocurrency market has continued, with many investors making huge profits from early bets. This bullish run has also woken a dormant billion-dollar Ethereum (ETH) that is now snapping gains from its massive holding. Eight-Year Ethereum HODL ends in massive profits According to Lookonchain data, the whale amassed 398,889 ETH between Jan. 18 and Mar. 10, 2016, at an average price of approximately $6 per ETH. Eight years ago, the total purchase made by the whale amounted to $2.4 million. A whale that accumulated 398,889 $ETH(currently worth $1.34B) at an average price of ~$6 is selling $ETH…
Shiba Inu (SHIB) price has experienced a significant surge this November, riding the wave of a bullish cryptocurrency market trend. The meme coin has demonstrated robust upward momentum, signaling strong potential for continued growth heading into 2024. Investor sentiment remains optimistic, with market trends highlighting key opportunities for SHIB’s expanding role within the cryptocurrency ecosystem. Analysts speculate that a Bitcoin (BTC) rally to $100,000 could further propel SHIB’s value, underscoring its evolving prominence in the digital asset landscape. Read the full article here
Speculations have continued to heighten over a potential role for Cardano founder Charles Hoskinson in the incoming Donald Trump administration. Hoskinson’s name keeps popping up among political discussions, with some analysts considering the possibility of the blockchain’s appointment as the next U.S. Treasury Secretary under Trump. It is crucial to note that neither Trump nor his core team members have confirmed Hoskinson’s particular role in the incoming administration. However, there are solid indications that the Cardano founder would be part of the government. The IOHK CEO confirmed this in a recent podcast. In the podcast, Hoskinson shared his intention to…
On Wednesday, Ripple CEO Brad Garlinghouse gave an interview to Maria Bartiromo on Fox Business to discuss the impact of the Trump administration’s pro-crypto stance on the digital asset industry, Ripple’s strategy, and regulatory clarity. Garlinghouse explained Ripple’s focus on improving cross-border payments by leveraging blockchain technology and its native digital asset, XRP. He noted that the U.S. has lagged behind other nations in embracing crypto due to what he described as a “hostile” approach by the Biden administration, which led to regulatory uncertainty and hindered innovation. This regulatory climate, he claimed, has pushed 95% of Ripple’s business outside the…
Several altcoins are trending today for various reasons. CoinGecko data shows that all these cryptocurrencies share one thing in common: their prices have risen in the last 24 hours. This notable hike could be linked to broader market recovery. That said, the top three altcoins trending today are Mythos (MYTH), MAD (MAD), and Mode (MODE). Mythos (MYTH) Mythos tops the list of trending altcoins today, specifically due to its 45% price increase in the last seven days. As a project built on the Ethereum blockchain, MYTH’s price also increased due to the rise in ETH’s value. As of this writing,…