News

Bitcoin is back above $100K as the crypto market shows bullish signs

January 7, 2025 1 min read

Bitcoin (BTC) recently surged past the $100,000 mark, reaching approximately $102,000, marking its highest level since December 19. This increase of 2.5% within an hour coincided with the opening of traditional U.S. markets and represented a 4.3% rise over the previous 24 hours. Following a significant rally post-Donald Trump’s election victory, the crypto market experienced a correction at the end of 2024. BTC hit a local low of around $91,000

Coinbase is exploring tokenized COIN shares on its Base network

January 7, 2025 1 min read

Coinbase is considering the tokenization of its COIN shares on its Ethereum Layer-2 network, Base, which could revolutionize the intersection of traditional stock markets and blockchain technology. This initiative is still in its infancy, and regulatory compliance is a significant challenge. Jesse Pollak, the lead developer at Base, emphasized that Coinbase is diligently navigating the regulatory landscape to ensure that any tokenized asset offerings are legal and secure. Currently, tokenized

Chainlink surges by over 18% in the last three days

January 6, 2025 1 min read

Chainlink (LINK) has recently captured the attention of crypto investors, experiencing an impressive 18% surge over three days after bouncing off a crucial support level around $19. This rebound reflects the asset’s resilience amid market volatility. A significant factor contributing to this rally is the increased activity among whale investors, with reports indicating that large holders acquired over 1.40 million LINK in just 96 hours. Such accumulation often signals growing

Telegram’s Toncoin Makes Over $1 Billion Profit In 2024 So What’s Next For Its Crypto Coin

January 6, 2025 3 mins read

The Toncoin (TON) USDT fund has surpassed the $1 billion milestone as its ecosystem continues to expand with record-breaking user participation. With the entire crypto market gearing up for an explosive Q1, Toncoin could soon emerge as a top performer in the Layer-1 landscape, with analysts predicting a $10 TON in late January. Toncoin Set For Massive Adoption In 2025 Largely viewed as Telegram’s blockchain extension, Toncoin directly taps into

Metaplanet wants to increase its Bitcoin holding from 1,762 to 10,000 BTC by 2025

January 6, 2025 1 min read

Metaplanet, a Japan-based venture capital firm, is on a mission to significantly increase its Bitcoin holdings from 1,762 to 10,000 BTC by 2025, as analysts anticipate a bullish trend that could elevate Bitcoin’s price to over $200,000. Following the investment strategies of MicroStrategy, Metaplanet has made 19 purchases totaling approximately $173.4 million. CEO Simon Gerovich emphasized the firm’s commitment to utilizing effective capital market tools to achieve this goal while

Popular crypto wallet Phantom dismisses speculation about a potential token launch

January 6, 2025 1 min read

Phantom, a popular cryptocurrency wallet, recently announced the successful reception of its new social features, which were launched in December. These tools enable users to create profiles, connect with friends, and customize privacy settings, including options for public, private, or invisible profiles. Currently, these features are available only on the mobile app, but Phantom has indicated that support for its Chrome extension is forthcoming. The introduction of follower and friend

Michael Saylor suggests burning Bitcoin keys at death

January 6, 2025 1 min read

Michael Saylor, chairman of MicroStrategy and a staunch advocate for Bitcoin, has proposed a controversial idea: the burning of private keys upon an individual’s death. He argues that this practice would enhance Bitcoin’s scarcity, ultimately benefiting the global community of Bitcoin holders by increasing the value of the remaining supply. In a recent interview, Saylor likened this concept to Bitcoin’s halving process, where mining rewards are reduced every four years

RLUSD, Ripple’s USD-pegged stablecoin, sees over 2000% surge in trading volume

January 6, 2025 1 min read

Ripple‘s USD-pegged stablecoin, RLUSD, has experienced a remarkable 2000% increase in trading volume shortly after its launch, reaching $612.85 million, according to CoinMarketCap. This surge has positioned RLUSD as the fourth most-traded stablecoin, with a market cap of $53.1 million. However, skepticism surrounds the authenticity of these figures, given the brief time since its introduction. A significant portion of the trading volume—over 96%—is attributed to the cryptocurrency exchange Bullish, which

Can XRP hit $11? Here what analyst says

January 6, 2025 1 min read

XRP is currently witnessing a surge in market sentiment, recently reaching a psychological price of $2.50. This positive momentum has ignited optimism among XRP supporters, although analyst Ali Martinez cautions that predicting a price in the double digits may be premature. He highlights that XRP is consolidating within a bull pennant pattern, with the token trading around $2.44 and facing significant resistance at $2.73. According to Martinez, breaking this resistance

US Bitcoin ETFs record $908 million in net inflows

January 5, 2025 1 min read

On Friday, U.S. spot Bitcoin exchange-traded funds (ETFs) experienced a significant recovery, attracting $908 million in net inflows after a previous outflow of $242 million. Notably, BlackRock’s iShares Bitcoin Trust (IBIT) rebounded with $253 million in inflows, reversing a three-day decline that had seen losses of $392 million. This brought IBIT’s total net inflows to $37 million, with holdings amounting to 548,506 Bitcoin valued at approximately $53.4 billion. Fidelity’s Bitcoin

Crypto whale purchases $6 million worth of Peanut the Squirrel

January 5, 2025 1 min read

Peanut the Squirrel (PNUT), a memecoin, has recently experienced significant whale accumulation, with a single investor purchasing 10 million PNUT tokens from Binance for over $6 million. This acquisition has positioned the whale to hold 1% of the total supply of PNUT. Following this event, the price of PNUT rebounded from a short-term support level of $0.6, witnessing a 20% increase within 24 hours. Despite this surge, the token has

PENGU surges by 14% with strong trading volume

January 5, 2025 1 min read

The global cryptocurrency market has seen a slight increase in market capitalization, rising by 0.50% to reach $3.5 trillion, despite a significant drop in overall market volume, which fell by 29.19% to $88.22 billion. Among the notable performers is Pudgy Penguins (PENGU), which has demonstrated a robust recovery following a recent dip. Currently trading at $0.04111, PENGU has experienced a 13.12% increase in the last 24 hours, with a market