Author: News Room
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,…
PRESS RELEASE. As cryptocurrency adoption grows, the cypherpunk spirit appears to be fading. The crypto anarchists who started it all often find themselves outnumbered and have their voices drowned out by misguided speculators who are more than willing to surrender their privacy and sovereignty in exchange for some price pumps. However, these cypherpunk principles are […] Read the full article here
This week, we examine Ripple, Cardano, Optimism, Solana, and Dogecoin in greater detail. Ripple (XRP) XRP just had one of the best months in years, and its price increased by 74% this week alone, bringing it close to $1.5. In the last bull market, XRP reached almost $2 before sellers took over the price action. The current all-time high is $3.3, which could signal that this cryptocurrency has plenty of room to run. Buyers will have to break above $1.6 and $2 before they can hope to aim for $3 or more. Looking ahead, XRP’s rally continues to show strength,…
Bitcoin reached $99,000, nearing the $100K milestone with a 4.4% daily surge. President-elect Trump’s pro-crypto stance fuels market optimism. Bitcoin (BTC) reached a new milestone, breaking $99.3K for the first time, with a 24-hour increase of 4.4%. Its market cap climbed to $1.96 trillion, representing 59.2% of the global crypto market cap, which surged to $3.31 trillion. Trading volume also jumped by 31.25% in the past day, totaling $103 billion. The rally extends beyond Bitcoin. Ethereum (ETH) and Solana (SOL) surged by 9% and 12%, respectively, while XRP soared by 25%. Whales have been actively accumulating BTC, with one whale…
MetaMask has introduced a pivotal upgrade allowing users to conduct token swaps without ETH for gas fees, reshaping the DeFi landscape on Ethereum. This gas-included swap feature streamlines the transaction process, effectively removing barriers that have frustrated Ethereum users for years. Michael Khekoian, a Senior Business Development Manager at ConsenSys, stated, “Swaps in MetaMask no longer require ETH for gas… No more insufficient funds on swaps,” highlighting the innovation’s significance. MetaMask’s Gas Station feature simplifies token swaps on Ethereum, removing the need for ETH gas fees and revolutionizing user experience in DeFi. MetaMask’s Gas Station: A Game Changer for Users…