In a market flooded with useless meme coins, one new project is taking a different approach – and investors are noticing. The Crypto All-Stars (STARS) presale has just passed the $3 million mark, hinting that it might have more staying power than the average dog or cat coin. STARS Presale Hits $3M as Early Investors …
Monthly archives: November 2024
Crypto asset products surpass $100 billion AuM, driven by Bitcoin’s strong inflows and election optimism
Digital asset investment products saw inflows of $2.2 billion last week, bringing total inflows this year to a record-breaking $29.2 billion, according to CoinShares‘ latest report. The strong performance, coupled with recent Bitcoin price increases around $70,000, lifted the sector’s total assets under management (AuM) above $100 billion for only the second time. These levels …
Justin Sun and Andre Cronje challenge Coinbase’s listing fee transparency claims
Tron Network founder Justin Sun and Sonic Labs co-founder Andre Cronje have disputed Coinbase CEO Brian Armstrong‘s claim that the US-based trading platform provides free asset listings. On Nov. 4, Sun revealed that Coinbase allegedly demanded a payment of 500 million TRX, valued at around $80 million, for listing TRX, Tron’s native token. However, he …
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German tradFi giants confirm trial to mine Bitcoin with surplus energy to stabilize grid
German telecom giant Deutsche Telekom has partnered with Germany’s oldest bank, Bankhaus Metzler, to launch a pilot project testing Bitcoin mining infrastructure powered by surplus renewable energy. The initiative aims to utilize excess electricity from renewable sources that would otherwise remain unused due to grid limitations or insufficient storage options. Per the announcement on Monday, Nov. 4, …
Digital Asset Inflows Reach Record High With US Elections on the Horizon
The year-to-date inflows for digital assets hit a new high of $29.2 billion with inflows of $2.2 billion last week. This was according to Coinshares’ latest digital assets inflow report by head of research, James Butterfill. Coinshares: Record Numbers for Digital Asset Inflows With $2.2 billion in inflows, bitcoin (BTC) was identified in Coinshares’ analysis …
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Bitcoin Braces for Major Volatility as US Election Nears
Bitcoin’s price is set for major volatility as the U.S. election approaches, with traders anticipating sharp moves based on whether Donald Trump or Kamala Harris wins the presidency. Market Watch: Bitcoin’s Volatile Path Amid Trump-Harris Election With the U.S. election just hours away, bitcoin (BTC) faces heightened volatility as the market anticipates a sharp reaction …
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Milei’s ‘Deep Chainsaw’ Trims Thousands of Jobs in Argentina
Deep Chainsaw, the name given to President Milei’s plan to trim the bureaucratic excesses in state institutions, recently reached a milestone in savings for the country. Milei celebrated that the program eliminated over 33,000 job positions. Argentina’s Minister of State Transformation and Deregulation, Federico Sturzenegger, had reported this previously, stating that “the only sustainable way …
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Ethereum Technical Analysis: ETH Hovers in Consolidation as Bears Maintain Control
Ethereum (ETH) is currently hovering around critical support and resistance levels, with recent trading activity suggesting that a breakout or breakdown might be on the horizon. Ethereum Looking at the daily chart, ethereum (ETH) has trended downward since hitting a high of $2,769.4 in Oct. A consistent lineup of red candles underscores the selling pressure, …
Bitcoin Technical Analysis: Consolidation Continues as Market Tests Key Levels
Bitcoin’s movement held steady over the past hour, trading between $68,856 and $69,156 in a tight range. Bitcoin On the 1-hour chart, bitcoin is facing resistance at $69,444, with support near recent lows of $67,459. This range, paired with low volume, signals a period of consolidation. Traders might consider buying around $67,500 if support holds …
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Binance Reveals Strategy to Introduce Crypto to the Next Billion Users
Binance CEO Richard Teng has revealed the strategy the exchange will follow to regain its growth trajectory. Teng stated that the real objective is to attract outsiders to crypto, downplaying the recent decline of Binance in the exchange market. Binance Reveals ‘Compliance First’ Strategy to Recover Market Share Binance, the largest cryptocurrency exchange in the …
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Bitcoin Mining Stocks Take a Dive – But Monday Could Change the Game for These Players
It’s been a rough week for bitcoin mining stocks, as nine out of the top ten publicly listed miners have seen declines ranging from 2.07% to 19.65%. This Week Applied Digital Leads Declines in Bitcoin Mining Sector, Hut 8 Only Gainer With just two days to go before the U.S. election, crypto markets are heating …
Crypto Exchange Kraken Announces Changes in Staffing Amid New CEO Appointment
US-based crypto exchange Kraken is hinting at reducing its workforce amid plans to change how it innovates and rolls out products for its users. In a statement, Kraken co-CEOs Arjun Sethi and Dave Ripley say the company is aiming to operate more efficiently to pursue its ambition of becoming the leading crypto exchange. “To continue …
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High Probability Ethereum (ETH) Now ‘Heading Home,’ According to Analyst Benjamin Cowen – Here’s What He Means
A closely followed crypto analyst says there is a good chance that Ethereum (ETH) may enter a final capitulation in the coming weeks. In a new strategy session, crypto trader Benjamin Cowen tells his 819,000 YouTube subscribers that based on a pattern of Ethereum bottoming out during the fourth quarter, he’s anticipating ETH drops to …
‘The Stage Is Set’ – Real Vision Analyst Jamie Coutts Says Several Metrics Flashing Green for Bitcoin
Real Vision analyst Jamie Coutts says that the stage is being set for a crypto bull market as multiple indicators turn bullish. On the social media platform X, Coutts says nearly every metric he uses to measure the health of the Bitcoin market cycle is no longer in “overheated” territory, boding well for BTC. “Over …
Crypto market saw $230 million in liquidations as Bitcoin fell below $70k
According to Coinglass, over $230 million in crypto positions were liquidated in the past 24 hours, affecting 102,073 traders. The largest single liquidation occurred on OKX, valued at $5.26 million. Bitcoin led the liquidation figures with $51.25 million, followed by Ethereum at $30.44 million. Dogecoin and Solana saw liquidations of $13.94 million and $11.25 million, …
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