Crypto News Center

SEC Set to Reject Solana ETFs in Gensler’s Final Crypto Crackdown, Says Bloomberg Analyst

It appears SEC Chair Gary Gensler plans to reject Solana Spot ETFs as he exits, with his term ending as Trump begins his second term in the White House. Analysts say the rejection stems from ongoing legal debates over whether Solana is a security. Meanwhile, Bitcoin and Ethereum ETFs in the US continue to attract significant investments, overshadowing Solana’s ETF prospects. It seems the Chair of the US Securities and...

Ripple (XRP) Price Faces Uncertain Momentum After 6-Year Highs

Ripple (XRP) price has surged more than 330% in the last 30 days, surpassing Solana’s market cap and reaching its highest levels in 6 years. However, its RSI is now at 46, a significant drop from the overbought level above 70 that was seen between November 29 and December 3, when XRP peaked around $2.90, its highest level since 2018. This decline suggests that the bullish momentum has cooled, and...

XRP’s 300% Surge Prompts Shift in Corporate Treasury Strategies

Worksport plans to invest up to US$5 million in Bitcoin and XRP, citing crypto’s potential as a long-term store of value and inflation hedge. BC Bud Co will invest CA$250,000 in XRP, influenced by its legal clarity and market popularity, planning more purchases. These corporate investments reflect growing confidence in XRP, which has surged 300% in value, climbing to third in market cap. XRP’s astonishing surge in price over the...

Crypto groups oppose re-nomination of SEC’s Caroline Crenshaw

Blockchain Association, DeFi Education Fund and CEDAR Innovation Foundation have all opposed the re-nomination of Caroline Crenshaw as a SEC Commissioner. Crenshaw is a Joe Biden appointee and is criticised for her negative stance on crypto. Crypto and blockchain advocacy groups Blockchain Association and DeFi Education Fund have written to the U.S. Senate Committee on Banking, Housing, and Urban Affairs voicing their opposition to the re-confirmation of SEC Commissioner Caroline...

MOVE Token Reaches $1.6 Billion Market Cap After Airdrop Launch on Binance

Movement Network, a blockchain platform built on Ethereum’s layer-2 using the MoveVM, launched its native token, MOVE, on Monday with a massive airdrop.  The airdrop distributed one billion MOVE tokens to early adopters and community members.  MOVE Airdrop Triggers 60% Rally for the Token  The token debuted on Binance’s airdrops portal and also secured listings on South Korean exchanges Upbit and Bithumb.  Within six hours of its launch, MOVE currently...

NFT volume hits 6-month high, but still 90% down from 2021

Homepage > News > Business > NFT volume hits 6-month high, but still 90% down from 2021 Non-fungible tokens (NFTs) made a comeback in November after dipping for seven consecutive months, hitting $563 million in monthly volume as the positive momentum from the United States elections spread to the NFT market. Since their emergence in 2021, NFTs have mirrored the overall digital asset market sentiment, with trading volume and overall...

Top 10 Airdrops For The Second Week of December

Crypto airdrops farmers have ten valuable opportunities to receive free cryptocurrency tokens from projects backed by renowned investors. These airdrops distribute free tokens to attract new users and expand communities. For crypto enthusiasts, the following airdrops present a chance to earn new tokens and engage with emerging projects. Movement Network Movement secured $41.40 million in a funding round co-led by Polychain Capital, Borderless Capital, Blizzard Fund, and dao5, with additional...

MicroStrategy buys another 21,550 Bitcoin for $2.1 billion, boosting holdings to $42B

MicroStrategy's aggressive BTC strategy strengthens its position in the digital asset market.

ETHEREUM PRICE ANALYSIS & PREDICTION (December 9) – ETH Loses Grip Above $4k After Dropping 2% Daily But Bigger Moves Lies Ahead

The past week was impressive as Ethereum revisited ATH following a steady monthly recovery. Looking strongly bullish weekly, it is down today as it searches for solid rebound support. A breakout is underway. During last the bullish cycle, Ethereum signalled a wild altcoins rally as volatility flew from the primary cryptocurrency while consolidating. That pattern is likely to repeat this bull season as ETH sets to break the genes again...

Operation Chokepoint 2.0 Was Genuine, Documents Reveal

By Mark Hunter 18 hours agoMon Dec 09 2024 09:10:00 Reading Time: 2 minutes Newly released documents have revealed a coordinated federal effort to de-bank cryptocurrency companies The crypto industry has long suspected such actions, referring to them as “Operation Chokepoint 2.0.” These revelations have intensified discussions about the government’s stance on digital assets US banking institutions actively tried to strangle the crypto sector in 2023, documents recently obtained by...