A prominent non-profit crypto advocacy group is naming the biggest current threats to the digital assets industry. In a new report analyzing crypto legislation after the 2024 US presidential election, Coin Center says the three biggest threats to the industry are the Internal Revenue Service’s (IRS) mandate to report crypto transactions larger than $10,000 (6050I), …
Monthly archives: November 2024
Sky-high Bitcoin funding rates show a leveraged yet bullish market
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Important: You must lock a minimum of 20,000 ACS If you don’t …
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VanEck extends zero-fee waiver for HODL Bitcoin ETF to $2.5 billion or 2026
Available exclusively via Polymarket: A revolution in prediction markets Andjela Radmilac · 3 days ago CryptoSlate’s latest report dives deep into Polymarket’s evolution, its pivotal role in high-stakes prediction events like US elections, and the implications of its controversies on its market position. Go to Source
Bitcoin’s sudden dip under $95k incurs $180 million in trader losses, stalls $100k momentum
Bitcoin’s price sharply declined nearly 2% on the 1-hour chart, falling below $95,000, deviating from its recent upward momentum toward the $100,000 milestone. Data from CryptoSlate shows that Bitcoin reached a low of $94,824 before recovering to $96,007 at the time of writing. This brief dip occurred just four days after the top crypto surpassed …
Polygon Labs CEO says bias against Indian co-founder hindering network’s growth
Available exclusively via Polymarket: A revolution in prediction markets Andjela Radmilac · 3 days ago CryptoSlate’s latest report dives deep into Polymarket’s evolution, its pivotal role in high-stakes prediction events like US elections, and the implications of its controversies on its market position. Go to Source
Ripple launches first tokenized money market fund on XRP ledger through UK partnership
Ripple has launched the first tokenized money market fund on the XRP Ledger (XRPL) through a partnership with UK-based firms Archax and Abrdn, according to a Nov. 25 statement. This initiative involves Abrdn managing the fund as part of its £3.8 billion US Dollar Liquidity Fund (Lux). Ripple has committed to investing $5 million in …
MicroStrategy’s Bitcoin treasury swells to 386,700 BTC en route to 4% of total supply
MicroStrategy has purchased a staggering 135,000 Bitcoin (BTC) in three transactions. These acquisitions amount to 35% of the company’s total BTC holdings and underline its ongoing commitment to Bitcoin as a core asset. On Nov. 25, the company disclosed its largest Bitcoin acquisition, buying 55,500 BTC for $5.4 billion. This purchase—detailed in a filing with the …
Solana memecoins turn to NSFW content as Pump Fun livestreams resemble adult webcam site
Pump.fun, the decentralized memecoin generation and promotion platform on Solana, is experiencing a rise in live-streaming NSFW content as memecoin creators incorporate adult-themed material into their tokens. The platform, launched in Jan. 2024, enables users without coding skills to create and trade memecoins swiftly, contributing to its rapid growth. Per a CryptoSlate analysis, creators on …
Ethereum Foundation Launches Attackathon to Strengthen Protocol Security
The Ethereum Foundation has initiated its first-ever “Attackathon,” a community-driven challenge offering $1.5 million in prizes to identify flaws in the Ethereum protocol. Ethereum Hosts Attackathon According to the announcement from the foundation’s Protocol Security Research Team and the Ecosystem Funding Initiative, the Attackathon event will take place from Nov. 25, 2024, to Jan. 20, …
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New Record for Solana Decentralized Exchanges With Monthly Volume Surpassing $100 Billion
Over $116 billion worth of decentralized exchange (dex) trades have been placed on the Solana network in November. Record Volume for Solana DEXs As of Nov. 25, Solana’s monthly trade volume on decentralized exchanges (dexs) surpassed $100 billion for the first time. The network’s dex trade volume so far in November has reached $116.7 billion …
3 Meme Coins to Buy Before the 2025 Crypto Bull Run: SLAP, PEPU, PNUT
Investors are excited about a potential bull run in 2025. Some are already searching for the next meme coin sensation – the coin that could challenge DOGE and SHIB for market dominance. Three coins, in particular, are generating enormous attention in this regard: Catslap (SLAP), Pepe Unchained (PEPU), and Peanut the Squirrel (PNUT). Let’s look …
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Semler Scientific Expands Bitcoin Holdings to Over 1,500 BTC
Semler Scientific, Inc. announced updates on its bitcoin (BTC) holdings and capital markets activities, highlighting its evolving strategy in cryptocurrency and equity offerings. Semler Scientific Reports 58.4% Bitcoin Yield as Key Performance Indicator Between Nov. 18 and Nov. 22, Semler Scientific (Nasdaq: SMLR) purchased 297 bitcoins for $29.1 million, averaging $97,995 per bitcoin, including fees. …
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ELF, SAND, GLM, and ENS Shine: Crypto Economy Hits $3.35 Trillion With 1.46% Daily Growth
On Monday, the crypto economy nudged upward by 1.46% over the last 24 hours, reaching a hefty $3.35 trillion. While bitcoin (BTC) and ether (ETH) maintained their usual pace, a few standout digital assets stole the limelight. Among the frontrunners were ELF, SAND, GLM, ENS, and LDO, each carving out its moment in the crypto …
Microstrategy Drops $5.4B on 55,500 Bitcoins, Cementing Giant 386,700 BTC Hoard
Microstrategy shatters records, acquiring 55,500 more BTC for $5.4 billion, pushing its massive holdings to 386,700 BTC in an unprecedented crypto dominance move. 386,700 BTC Milestone: Microstrategy Secures 55,500 More Bitcoins for $5.4 Billion Software intelligence powerhouse Microstrategy Inc. (Nasdaq: MSTR) has once again doubled down on its bullish bitcoin strategy, announcing yet another acquisition …
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Bitcoin Technical Analysis: Oscillators Indicate Neutral Momentum
As of Nov. 25, 2024, the price of bitcoin (BTC) has traded between $97,076 and $97,547 within the past hour, displaying a strong bullish trajectory across multiple timeframes. Technical indicators suggest a mixture of neutral momentum and buy signals, highlighting the potential for further growth while signaling areas of caution. Bitcoin Bitcoin‘s 1-hour chart reflects …
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