In Brief Five cryptos are trending due to various factors, offering insights into the market sentiment. Bitcoin’s price surge past $50,000 is attributed to significant inflows into spot Bitcoin ETFs. VeChain, Starknet, Worldcoin, and Livepeer show unique appeal and rapid price increases. Keeping an eye on trending coins can offer valuable insights into investors’ sentiments…
Read more
Bitcoin’s surge past $50,000 catalyzed a broader market upswing, propelling numerous large-cap alternative digital assets such as Ethereum (ETH), Solana (SOL), and others to significant gains. According to data from CryptoSlate, Ethereum saw a 7% uptick, reaching $2,661, while SOL surged 8% to hit $114. Among the top 10 digital assets, Avalanche’s AVAX spiked 6%…
Read more
In Brief DWS Group warns of inflation and higher bond yields if Trump is re-elected. Rick Santelli highlights risks of high bond yields, suggesting market volatility. Trump’s CBDC stance and AI regulation views could inadvertently boost BTC. As the November presidential election approaches in the United States, speculation mounts about the potential repercussions of Donald…
Read more
In Brief Putin criticizes Biden’s policies for undermining US dollar’s global reserve currency status. Sanctions and political use of USD lead to de-dollarization, with Russia shifting to yuan and ruble. Amidst US debt concerns, Bitcoin gains traction as a potential safe haven and investment. Russian President Vladimir Putin has leveled a severe warning against the…
Read more
In Brief Crypto markets reach highest levels in two years, nearing $2 trillion cap, with Bitcoin topping $50,000. This bull run aligns with the start of a Fed easing cycle, and the market maintains a “buy the dip” mentality. Crypto market evolution includes emerging narratives, such as AI hype and RWA tokenization, driving wealth creation.…
Read more
In Brief The Pudgy Penguins NFT collection’s floor price hit a new all-time high of 21.7 ETH, indicating a significant rise in market value and popularity. This milestone reflects increasing investor confidence in NFTs as a viable asset class, with Pudgy Penguins’ market cap reaching $484,652,037. Originating from 150 hand-drawn traits, these 8,888 unique NFTs…
Read more
In Brief FTX plans to sell CoinList, a subsidiary, for $500,000, one twentieth of its original acquisition cost. Alvarez & Marshal deemed the sale price fair, considering market conditions and licensing agreements. Previously CoinList had to address financial concerns, denying liquidity issues despite past technical difficulties. In a court filing, FTX announced its intention to…
Read more
In Brief Ethereum’s Dencun upgrade is set to significantly improve blockchain efficiency and scalability, with a launch date of March 13. Transaction fees on Ethereum’s Layer 2 solutions are expected to decrease by at least 10 times, enhancing cost-effectiveness. Analyst Wolf predicts a potential 500% bull run for Ethereum, pushing its price towards $14,000, following…
Read more
In Brief NY Attorney General accuses DCG and affiliates of a $3 billion crypto fraud. The lawsuit centers on the Gemini Earn program’s misleading high return promises. Over 230,000 investors affected, with legal actions complicating DCG’s woes. New York Attorney General Letitia James has accused Digital Currency Group (DCG) and its affiliates of conducting a…
Read more
In Brief The Optimism Network plans a temporary suspension of Ethereum withdrawals on February 15, starting at 9:00 ET for essential maintenance. The pause is part of a broader strategy to enhance the network’s defense against security threats through a significant protocol upgrade. The upgrade introduces a Superchain-wide pause mechanism to reduce risks and offer…
Read more
