Bitcoin mining stocks dwarf Bitcoin’s gains amid short squeeze buzz

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PancakeSwap’s CAKE token jumps 10% as proposal gains traction to practically half the max token supply

PancakeSwap’s native CAKE token price surged nearly 10% today, according to CryptoSlate’s data, following the decentralized exchange (DEX) proposal to reduce its maximum supply by 300 million to 450 million tokens. There are currently roughly 386 million CAKE tokens issued, with 267 million in the circulating supply. The circulating supply is, therefore, around 35% of …

Bitcoin mining stocks account for 25% of shares traded for top large caps, outperforming BTC into new year

Yesterday’s stock market, Dec. 27, reflected a surge in investor interest in Bitcoin-related stocks ahead of potential ETF approvals. Bitcoin mining companies’ stocks soared, outstripping the cryptocurrency’s gains amidst anticipating an imminent spot Bitcoin ETF approval. Marathon (MARA) led the charge as trading volumes swelled, surpassing even Tesla’s activity on the trading floor. Per Yahoo …

Ethereum Layer-2 Crypto Project’s Token Soars Over 260% in a Week Amid Launch of a $425,000,000+ Ecosystem Fund

The native token of a little-known Ethereum (ETH) scaling solution has soared by triple digits amid the announcement of an incentive program. Ethereum layer-2 Metis (METIS) is up nearly 20% over the past 24 hours and up 261% in seven days from December 20th’s opening price of $25.67. METIS is trading at $92.58 at time …

Large-Cap Ethereum-Based Altcoin on the ‘Verge of a Breakout,’ Could Explode by Over 60%, According to Trader

Cryptocurrency analyst and trader Ali Martinez is expressing bullish sentiment on a leading Ethereum layer-2 altcoin. Martinez tells his 37,900 followers on the X social media platform that Polygon (MATIC) could surge by nearly 65% from the current level and hit a price of $1.73 if it breaks out of a key resistance level. According …

Bitcoin Spot ETF FAQ: Everything You Need to Know

Some experts believe a spot Bitcoin ETF will be approved by January 10. Here’s what you should know. Spot Bitcoin ETFs are investment vehicles that provide exposure to the price of Bitcoin. They are typically aimed at institutional or traditional investors. Unlike in some investment vehicles, spot Bitcoin ETFs require the asset manager to directly …

Top Analyst Says Polygon Rival ‘Likely Going Much Higher,’ Updates Outlook on Bitcoin and Mina Protocol

A closely followed crypto trader says that one layer-2 scaling solution still has more upside potential after a big rally. Pseudonymous trader The Flow Horse tells his 194,500 followers on the social media platform X that Polygon (MATIC) competitor Optimism (OP) is likely heading higher after a retest at the $3.45 level. “Another one that …

Cathie Wood’s ARK exits Grayscale GBTC entirely as spot ETF anticipation rises

Cathie Wood’s asset management firm ARK Invest’s Next Generation Internet ETF (ARKW) sold all its positions in Grayscale’s Bitcoin Trust (GBTC) on Dec. 27 and purchased $92 million worth of ProShares Bitcoin Strategy ETF (BITO), according to the company’s latest trade filing. ARK divesting positions in COIN and GBTC The trading activity continues a recent …

Coinbase Bitcoin reserves hit lowest level since 2015 as 30,000 BTC departs

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New York Times sues Microsoft, OpenAI for alleged copyright infringement

The New York Times (NYT) Company has taken legal action against Microsoft Corporation and various entities associated with OpenAI for alleged infringement on its intellectual property. The lawsuit, filed in the United States District Court for the Southern District of New York, alleges that Microsoft and OpenAI used NYT’s copyrighted material to train their artificial intelligence …

Former Goldman Sachs Executive Says Crypto Bull Market ‘Barely Started,’ Unveils Massive Bitcoin Forecast

Former Goldman Sachs executive Raoul Pal believes that the crypto bull market cycle has only just begun despite the large digital asset gains of 2023. Pal tells the 22,000 subscribers of his YouTube channel that the bull market cycle could last for years and cause Bitcoin (BTC) to potentially soar to a high of $1 …

The Pulse of Bitcoin – Understanding Current Market Trends Through HODL Behavior

HodlX Guest Post  Submit Your Post   As we navigate through the crypto market full of ups and downs, it’s crucial to look at how the number-one crypto holders behave to get to the bottom of Bitcoin’s heartbeat at present and prepare for future market shifts. Indicators like Bitcoin HODL Waves use blockchain data to display …

Bitzlato suspends ‘special balance withdrawals’ while assets still under seizure

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