News

Over $10 billion in Bitcoin and Ethereum options expire today

November 30, 2024 1 min read

Today marks a significant day for the crypto market as over $10 billion worth of Bitcoin and Ethereum options are set to expire. This event could have a significant impact on market trends and potentially cause short-term volatility. Analysts are closely monitoring the put-to-call ratios for both BTC and ETH options. A higher preference for call options indicates bullish sentiment among traders. However, the maximum pain points for both assets

Switzerland approves a motion to explore Bitcoin mining

November 30, 2024 1 min read

Switzerland has approved a motion to study the feasibility of Bitcoin mining, signaling a progressive step toward integrating crypto into traditional energy and financial systems. The Council of State will lead the initiative, focusing on how Bitcoin mining could utilize surplus energy and stabilize the electricity grid in the Canton of Bern. The Council will assess potential benefits and challenges, including identifying untapped energy sources and collaborating with local mining

Musk Catalyzes Dogecoin Surge: The Essential Role of Bybit’s Tools and Plus Wallet for Crypto Traders

November 29, 2024 5 mins read

In the crypto world, where the market can pivot swiftly, timing is crucial. A recent discussion by Elon Musk catalyzed a significant Dogecoin rally, showcasing again how pivotal figures can sway market sentiment. Likewise, Bybit equips traders with essential tools such as high-leverage options and copy trading, providing enhanced access to this unpredictable market. A reliable and secure wallet becomes indispensable as the crypto market fluctuates, presenting new opportunities. Plus

A U.S. court nullifies Tornado Cash sanctions

November 27, 2024 1 min read

A U.S. federal appeals court has invalidated sanctions against Tornado Cash, a crypto-mixing service, ruling that its immutable smart contracts cannot be classified as property. The Fifth Circuit Court of Appeals’ decision is a significant win for decentralization and privacy advocates, but it has reignited discussions on regulating blockchain tools often linked to illegal activities. The Treasury’s OFAC imposed sanctions on Tornado Cash in 2022, accusing it of facilitating money laundering

Don’t Miss the Next 10,000x Crypto Surge: Why DOGEN Is Outshining Dogecoin and SHIB!

November 26, 2024 4 mins read

A surprising new cryptocurrency is turning heads and gaining traction among investors across the globe. This fresh contender is more than just another meme token; it’s swiftly surpassing well-known coins like Dogecoin and Shiba Inu. Explore how this rising star could unlock massive gains and potentially reshape the landscape of the crypto market. DOGEN: The First Memetoken for Alpha Males Who Demand the Best Unleash your inner alpha with DOGEN,

Avalanche launches Avalanche9000 testnet to reducing costs and enable permissionless L1s

November 26, 2024 1 min read

Avalanche, the blockchain ranked eighth by total value locked (TVL), has introduced its most significant update yet with the Avalanche9000 upgrade, now live on the testnet. This groundbreaking overhaul aims to revolutionize app development, reduce transaction fees, and make validator operations more affordable, setting the stage for its mainnet launch in late 2025. Key Features of Avalanche9000 The upgrade includes two major proposals: Avalanche9000 also enhances interoperability with Interchain Messaging (ICM), enabling seamless

Elon Musk’s recent Dogecoin-themed meme raised questions about potential market manipulation

November 26, 2024 2 mins read

Elon Musk’s recent social media posts referencing “D.O.G.E.” have once again raised questions about his influence on Dogecoin (DOGE). A recent tweet mentioning the “Department of Government Efficiency (D.O.G.E.)” caused a brief spike in DOGE’s price, even though Musk’s reference was tied to a political project rather than the cryptocurrency itself. This pattern has led to speculation over whether Musk intentionally impacts the meme coin’s value through his posts. Musk

WisdomTree has filed for a Delaware trust to launch an XRP ETF

November 26, 2024 1 min read

Global asset manager WisdomTree has made a significant move toward creating an exchange-traded fund (ETF) for XRP by filing for a Delaware trust, a preliminary step before seeking approval from the U.S. Securities and Exchange Commission (SEC). If successful, the ETF would track the market performance of XRP, currently the sixth-largest cryptocurrency by market capitalization. WisdomTree joins other asset managers, such as Bitwise and Canary Capital, in the race to

Rumble is investing $20 million in Bitcoin to hedge against inflation

November 26, 2024 2 mins read

Rumble, a video-sharing and cloud services platform, has announced a dual focus on cryptocurrency and gaming, positioning itself as a trailblazer in these fast-growing sectors. The company plans to allocate up to $20 million of its cash reserves to Bitcoin as part of a strategy to hedge against inflation and store long-term value. This decision aligns with trends seen among major corporations like MicroStrategy, which have adopted Bitcoin as a

Kernel Secures Binance Labs Funding to Redefine Restaking on BNB Chain

November 26, 2024 4 mins read

Kernel is thrilled to announce funding from Binance Labs, solidifying their role as a core restaking infrastructure on BNB Chain. This milestone marks a big leap in turning BNB’s economic security into programmable trust, empowering dApps, middleware, and the entire crypto ecosystem. Kernel raised 10M total funds across rounds, with the belief and backing of various investors, including: SCB Limited, Laser Digital, Bankless Ventures, Hypersphere, Cypher Capital, Draper Dragon, ArkStream Capital, DACM,

FTX plans to start reimbursing creditors by January 2025

November 25, 2024 1 min read

FTX, the bankrupt cryptocurrency exchange, has announced its reorganization plan will take effect in January 2025, prioritizing creditor reimbursement, particularly for overseas clients. The company aims to finalize agreements with fund distributors by December 2024, enabling payouts early next year. CEO John J. Ray III emphasized FTX’s commitment to returning funds to customers quickly. However, creditors are expected to recover only 10-25% of their losses, sparking frustration among those impacted

BlockDAG’s $150M Presale Frenzy vs Rexas Finance’s $8.6M Bid: Who’s the Front-Runner?

November 25, 2024 4 mins read

Cryptocurrency presales are the gateways for enthusiasts to tap into potentially lucrative projects early on. They promise rapid growth and significant returns, drawing considerable attention from the crypto community. Rexas Finance raised an impressive $8.6 million through its presale, aiming to revolutionize investments in real-world assets like real estate and commodities by enhancing liquidity and accessibility.  On the other hand, BlockDAG (BDAG) has dramatically outshone others with a staggering $150