Bitcoin longs risk mass liquidations in a snap market reversal, analysis warns after new BTC price records follow FOMC. Bitcoin (BTC) circled $76,000 on Nov. 8 as “high leverage liquidity” formed around spot price. BTC/USD 1-hour chart. Source: TradingView Data from Cointelegraph Markets Pro and TradingView showed modest BTC price gains mostly holding after the...Continue Reading

Trump’s election victory has inspired more optimism among crypto analysts, with some expecting Bitcoin to breach $100,000 before the end of 2024, boosting Ether’s price along the way. Analysts are eying an Ether rally above $3,200, driven by the growing risk appetite after Donald Trump’s victory in the United States presidential election. On Nov. 6,...Continue Reading

The new partnership allows Cake Wallet users to use .xmr domains in their blockchain interactions.  Blockchain domain provider Unstoppable Domains has partnered with Cake Wallet, an open-source wallet, to launch a new top-level domain specifically for Monero users, the companies announced. Unstoppable Domains said the new .xmr domains will allow Cake Wallet and Monero (XMR)...Continue Reading

The Ethereum Foundation said the ecosystem is supported by over $22 billion in treasury funds across Ethereum-based projects.  The Ethereum Foundation reported nearly $500 million was deployed to support ecosystem projects between 2022 and 2023, according to its 2024 annual report. The foundation’s report revealed that entities across the Ethereum ecosystem spent over $497 million...Continue Reading

Just four MKR whales constituted 98% of the voting power in favor of sticking with the Sky rebrand. A governance proposal to rebrand decentralized finance lending and borrowing protocol Sky back to Maker has been rejected in a vote dominated by a handful of whales.  “Sky ecosystem governance has concluded an onchain vote to continue...Continue Reading

Robinhood’s legal chief, Dan Gallagher, is reportedly one of the top picks to head the SEC under Trump, who promised to fire its current chair “on day one.” Donald Trump’s transition team is reportedly considering adding Robinhood Markets’ legal boss to a shortlist of candidates to take charge of the Securities and Exchange Commission, which...Continue Reading

From a fundamental standpoint, Bitcoin is showing no signs of the asset overheating, according to Galaxy’s head of research. Bitcoin isn’t flashing any signs of being “overheated” despite reaching new all-time highs this week, with several analysts pointing to fundamentals suggesting Bitcoin could pump further. “The market does not look overheated from a fundamental perspective,”...Continue Reading

The launch of Eclipse is one of the most hyped network launches of the year, with the hybrid blockchain project securing over $65 million in funding prior to its launch on Nov. 7. Eclipse, the first layer-2 network that combines Ethereum and Solana into one blockchain, has officially gone live.  Eclipse allows users to transact...Continue Reading

NFT trading volume on BNB Chain increased 283% quarter-on-quarter in Q3, driven by whales as average daily buyers fell over 50%, according to Messari.  Non-fungible tokens trading volumes on the BNB Chain saw a resurgence in the third quarter, increasing 283% to a daily average of $600,400, according to blockchain analytics firm Messari. The average...Continue Reading

The deployment will allow users to utilize Bitcoin in Solana’s burgeoning DeFi ecosystem, according to Coinbase.  America’s largest cryptocurrency exchange, Coinbase, has deployed its version of wrapped Bitcoin on the layer-1 blockchain Solana as it seeks to expand the adoption of the asset in decentralized finance (DeFi).  “This is the first token Coinbase has issued...Continue Reading