The AVAX tokens were purchased for $100 million a month before the infamous Terra Luna collapse.  The Avalanche Foundation completed the repurchase of 1.97 million AVAX tokens from the now-defunct Luna Foundation Guard (LFG), which had acquired them to support the Terra blockchain ecosystem. In an announcement sent to Cointelegraph, the Avalanche Foundation said it...Continue Reading

BTC price targets already include $100,000, with Bitcoin traders bracing for more volatility around the Fed interest rate decision. Bitcoin (BTC) is consolidating at $75,000 on Nov. 7 as markets gear up for a new United States macro event. BTC/USD 1-hour chart. Source: TradingView BTC price action reached new record highs of $76,480 on Bitstamp...Continue Reading

The world’s richest man just got richer following Donald Trump’s presidential election victory.  Billionaire entrepreneur and Tesla CEO Elon Musk’s net worth surged a whopping $20 billion following Donald Trump’s presidential election victory in the United States. Musk, who was one of Trump’s biggest financial backers, saw his net worth rise by more than 7.5%...Continue Reading

Ether traders argue the asset is still “too cheap” and is due for a “monster rally” as it neared the $2,900 price level. Ether has risen almost 25% since the start of 2024, yet analysts argue it’s still undervalued and ready for a significant surge after Bitcoin rocketed past its all-time high this week.  “I...Continue Reading

The bumper inflow day came despite BlackRock’s leading fund, ETHA, showing a net zero flow.  Spot Ether exchange-traded funds in the United States have seen their highest inflows in six weeks as crypto markets gained in the wake of the US presidential election. The nine recently launched spot Ether (ETH) ETFs in the US have...Continue Reading

DeFi firms have feared implementing “value accrual mechanisms” for their tokens under the SEC’s oversight — but that could change with president-elect Donald Trump. Decentralized finance tokens rallied over 30% as traders expect the Trump administration to strengthen the “investment appeal” of holding “utility” tokens, according to an industry analyst. UNI was one of the...Continue Reading

Gary Wang, one of Sam Bankman-Fried’s longtime friends and a key witness at his trial, is set to be sentenced on Nov. 20. Gary Wang, the co-founder of FTX and the crypto exchange’s former technology chief, asked a federal judge to give him no jail time, arguing he was a key witness who helped put...Continue Reading

Most of the Donald Trump-themed memecoins have tanked while the rest of the crypto market continues to gain.  Donald Trump-themed memecoins collapsed the day after Trump’s election victory in the United States on Nov. 6 and a broader surge in the crypto markets, which included a new  Bitcoin all-time high.  The leading Donald Trump-themed memecoin...Continue Reading

Bitcoin Open Interest reached $45.4 billion on Nov. 6 after Donald Trump won the US presidential election and Bitcoin tapped all-new highs. Bitcoin Open Interest (OI) surged to a new all-time high as Bitcoin rallied to $75,000, and several analysts suggest there could be more upside ahead. Bitcoin (BTC) OI — a metric tracking the...Continue Reading

BlackRock Bitcoin ETF saw its largest day of trading activity following Donald Trump’s reelection as the president of the United States.  BlackRock’s Bitcoin exchange-traded fund (ETF) witnessed a record day of trading after Donald Trump’s victory in the United States presidential election. In a Nov. 6 post to X, Bloomberg ETF analyst Eric Balchunas shared...Continue Reading