After Ohio Senator Sherrod Brown lost reelection, Elizabeth Warren said she would become the ranking member of the Senate Banking Committee. Massachusetts Senator Elizabeth Warren, who won reelection in a race against Republican John Deaton, will be the leading Democratic lawmaker in the United States Senate Banking, Housing, and Urban Affairs Committee starting in 2025....Continue Reading

As Bitcoin prices soared following the election, big banks are reportedly accruing $1.4 billion from futures contracts. Wall Street banks are sitting on post-election gains worth $1.4 billion as Bitcoin prices soared, according to estimates from Forbes.  Big banks reportedly piled into Bitcoin (BTC) futures contracts in the weeks before the presidential election, amassing a...Continue Reading

NFT whales on the BNB Chain ecosystem drove an increase in trading volume in the third quarter of 2024.  In this week’s newsletter, whales have driven a comeback for non-fungible tokens (NFTs) in the BNB Chain ecosystem, Lamborghini opened minting for its Revuelto NFTs, Infinex plans to integrate with OpenSea and Blur to list the...Continue Reading

Data suggests Bitcoin’s all-time high rally to $93,400 is far from over.   Bitcoin (BTC) surged by 16% from Nov. 11 to Nov. 13, surpassing the $93,000 mark for the first time. Despite this record high, some traders believe the bullish momentum could weaken as sellers, including certain Bitcoin miners, start to take profits.  Julio Moreno,...Continue Reading

South Korea has been taking steps to suppress crypto scams. This latest one is the biggest ever though. A financial influencer in South Korea is alleged to have set up a huge cryptocurrency scam after dissatisfied investors wanted a refund for bad stock advice he had given. Police have arrested 215 people in connection with...Continue Reading

Ross Ulbricht, sentenced to life in prison without the possibility of parole in 2015, asked Donald Trump for a “second chance” at freedom. Silk Road founder Ross Ulbricht, currently serving life in federal prison, tweeted for the first time since the United States election to express hope President-elect Donald Trump would fulfill a campaign promise...Continue Reading

Bitcoin is showing no signs of stopping its advance toward $100,000, and several altcoins look poised to follow. Bitcoin (BTC) is in no mood to slow down as it rose above $93,000 on Nov. 13, signaling strong appetite at higher levels. United States-based spot Bitcoin exchange-traded funds witnessed sharp inflows of $4.22 billion between Nov....Continue Reading

Ensuring that decentralized finance platforms and networks do not remain siloed is a key hurdle for DeFi applications to overcome. Lending protocol Curve Finance has launched a decentralized yield-bearing stablecoin, dubbed “Savings-crvUSD” (scrvUSD) to offer “low-risk” returns for investors and help scale the underlying crvUSD stablecoin. According to the November 13 announcement, Curve Finance, users...Continue Reading

XRP price could imitate and “pull like Dogecoin” if a bullish chart pattern is confirmed. XRP (XRP) price briefly re-tested its 2024 yearly high of $0.74 on Nov. 12 after Bitcoin’s bullish momentum slowed on the daily chart. The altcoin outperformed BTC with a 13.42% uptick, retesting its multimonth resistance at $0.74. XRP 1-week chart....Continue Reading

Dogecoin could break the $1 threshold if the memecoin repeats its 2021 trend which generated a 7,000% rally.  Dogecoin (DOGE) has been one of the top performers in November and the rally gained speed after President-elect Donald Trump’s victory in the US elections. Over the past 30 days, DOGE gained 229%. Best performing crypto asset...Continue Reading