Analyst and trader Ali Martinez is leaning bullish on one large-cap crypto asset while offering his insight on Bitcoin (BTC) and two altcoins. Martinez tells his 85,900 followers on the social media platform X that BNB, the native token of the BNB Chain ecosystem, could skyrocket by 164% from the current level if it manages …
Yearly archives: 2024
ETH Price Analysis: Multiple Indicators Point to Extended Rally
TLDR Ethereum surged over 10% recently, breaking above $3,300 Whale accumulation and reduced selling pressure indicate bullish momentum Daily transactions increased from 1.1M to 1.22M in three months Trading volumes soared 61% to $45.19 billion Technical indicators suggest potential further upside with $3,550 as next target Ethereum’s price has surged above $3,300, marking a 10% …
Continue reading “ETH Price Analysis: Multiple Indicators Point to Extended Rally”
Bitcoin ETFs bring in over $6 billion in November after another $1 billion day
Bitcoin exchange-traded funds have attracted over $6 billion in November, including more than $1 billion on Nov. 21. Farside data shows total inflows reached $6.165 billion as of Nov. 21, with IBIT leading at $4.683 billion and FBTC following with $1.050 billion. On Nov. 21 alone, inflows amounted to $1.005 billion, marking a significant uptick …
Continue reading “Bitcoin ETFs bring in over $6 billion in November after another $1 billion day”
Solana hits new $264 all-time high as DEX volume reaches $100 billion monthly milestone
Insights Solana Solana achieves 53 million daily transactions, highlighting the network superiority. Solana (SOL) has reached a fresh all-time high of $264, surpassing its previous peak of $259 within the past 24 hours, according to CryptoSlate data. This performance highlights Solana’s impressive momentum, especially when compared to Bitcoin. Since Donald Trump’s election win on November …
Weak euro fuels Bitcoin’s standout performance in Eurozone
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 …
Continue reading “Weak euro fuels Bitcoin’s standout performance in Eurozone”
The Hunt for the Russian Trace: Chinese Banks Implement Stricter Compliance for Foreign Payments
Chinese banks have implemented additional compliance measures for payments from the United Arab Emirates (UAE), India, and Hong Kong, which have traditionally served as trade partners for Russia. These measures aim to identify Russian businesses using third countries as proxies to complete payments. Chinese banks now require documentation confirming that goods will be sent directly …
Counterpunch: Russia Reveals Plan to Utilize Frozen Western Assets
Russia has revealed that it will respond in kind to the actions of Western governments, which are preparing to make a $50 billion loan to Ukraine collateralized by frozen Russian assets, potentially escalating this conflict. Russia Preparing Retaliatory Move Involving Western Assets The government of Russia has revealed a new plan to counter the utilization …
Continue reading “Counterpunch: Russia Reveals Plan to Utilize Frozen Western Assets”
Trump Effect: China Considering Backpedaling on Bitcoin Policy
Reports indicate that China is considering changing its negative stance toward bitcoin and cryptocurrency, as the next U.S. administration adopts a more open policy toward the cryptocurrency industry. This shift would be a direct result of President Trump’s support for crypto. China Considering Pivot on Its Bitcoin Strategy Due to President Trump’s Ideas The new …
Continue reading “Trump Effect: China Considering Backpedaling on Bitcoin Policy”
Bitcoin Bull Market May Drive Russian Miners Underground
The Russian government might face an influx of illegal bitcoin miners due to rising prices and the impending ban on bitcoin mining in key regions. Analysts state that if authorities fail to address this upcoming problem, it could lead to illegal mining becoming a popular activity. Russian Miners Likely to Engage in Illegal Bitcoin Mining …
Continue reading “Bitcoin Bull Market May Drive Russian Miners Underground”
Study: 76% of X Influencers Promoted Now-Defunct Meme Coins
A Coinwire study reveals that most crypto influencers on X promote worthless meme coins, highlighting the risks of relying on social media for investment advice. Influencers Setting Up Investors for Failure According to a Coinwire study, over three-quarters (76%) of crypto influencers on X promoted meme coins that are now defunct. Moreover, two-thirds of the …
Continue reading “Study: 76% of X Influencers Promoted Now-Defunct Meme Coins”
Trader Says Bitcoin Has Finally Begun Parabolic Phase – Here’s How Long He Thinks the Bullish Cycle Can Last
A widely followed trader and analyst is leaning bullish on Bitcoin (BTC) amid a double-digit rally over the past month. The trader pseudonymously known as Rekt Capital tells his 512,900 followers on the social media platform X that Bitcoin “has only just begun its parabolic phase in the cycle.” According to the pseudonymous trader, Bitcoin …
Trump To Quickly Replace Gary Gensler After SEC Chair Announces Departure
U.S. Securities and Exchange Commission (SEC) chair Gary Gensler is leaving the regulatory agency after nearly four years in office, paving the way for an immediate replacement by President-elect Donald Trump. The SEC became known for regulating through enforcement under Gensler’s leadership. During Gensler’s term, the securities watchdog launched high-profile enforcement actions against many crypto …
Continue reading “Trump To Quickly Replace Gary Gensler After SEC Chair Announces Departure”
US Bitcoin ETFs surpass $100 billion, pose challenge to largest Bitcoin holders
Spot Bitcoin exchange-traded funds (ETFs) have reached an impressive benchmark, crossing $100 billion in net assets. According to SoSoValue data, this achievement represents 5.4% of Bitcoin’s total market value. Spot Bitcoin ETFs Data (Source: X/Balchunas) The 12 Bitcoin ETFs, launched by prominent issuers such as BlackRock and Fidelity, have reached this milestone in just 10 …
Continue reading “US Bitcoin ETFs surpass $100 billion, pose challenge to largest Bitcoin holders”
FTX on track to rollout repayment plan in January 2025
FTX and its affiliated debtors announced they are on track to implement their Chapter 11 Plan of Reorganization by Jan. 2025, which will set distributions for creditors and customers. According to the timeline shared in the firm’s announcement, the final arrangements with specialized distribution agents will be completed in December, allowing customers in supported jurisdictions …
Continue reading “FTX on track to rollout repayment plan in January 2025”
Cartel-Linked Crypto Laundering Ring Disrupted by Federal Task Forces
A federal grand jury in Miami has charged nine individuals with laundering U.S. drug proceeds into cryptocurrency for Mexican and Colombian cartels, utilizing “a network of black market cryptocurrency launderers and unlicensed money transmitters,” according to the U.S. Department of Justice. From 2020 to 2023, defendants allegedly coordinated cash pickups from U.S. drug sales, converting …
Continue reading “Cartel-Linked Crypto Laundering Ring Disrupted by Federal Task Forces”