Traders bought up Bitcoin’s dips to $90,000, a sign that investors are confident in BTC prices above $100,000. Bitcoin (BTC) experienced unprecedented intraday volatility on Dec. 5, with a dramatic $12,396 price swing that saw the cryptocurrency reach a remarkable low of $91,463. Analysts estimate that over $4 billion worth of leveraged BTC futures were...Continue Reading

Nansen expands to yet another blockchain with Gravity, which was launched by Galxe in its alpha mainnet in June. Blockchain analytics platform Nansen has partnered with Gravity to provide data and analytics. Gravity is the high-performance blockchain developed by the onchain distribution platform Galxe. Gravity serves the 30 million users in the Galxe ecosystem. It...Continue Reading

This week’s Crypto Biz explores Ether ETFs growing inflows, the political moves behind Meta’s stablecoin sunset, BitGo’s plans for India, and more. Wall Street appears to have embraced the altseason, with Ether (ETH) surpassing Bitcoin (BTC) in exchange-traded funds inflows during the final week of November.  According to CoinShares, net inflows for ETH funds reached...Continue Reading

According to Chainalysis, real-world tokenized assets and investment vehicles continue to be major drivers of crypto adoption. Over 400 million crypto wallets have positive balances as the bull market continues to heat up, according to Chainalysis. The current rally is attracting institutional and retail users to crypto, particularly those transacting in dollar-pegged stablecoins. According to...Continue Reading

The Prime Minister said Czech residents would not have to report crypto transactions under $4,200 per year or pay taxes for selling digital assets held for more than three years. Petr Fiala, Prime Minister of the Czech Republic, has reported the country is moving to pass legislation allowing residents to bypass taxes on selling their...Continue Reading

Bitcoin’s rebound from this week’s flash crash reset key price metrics and paved a path for BTC to chase after the $115,000 level. Bitcoin’s price has swiftly recovered above $100,000 after a flash crash cast a wick down to $90,500 on Dec. 5. Bitcoin 4-hour chart. Source: Cointelegraph/TradingView Despite the 14% plunge from its all-time...Continue Reading

The upgrades are designed to bring greater flexibility to EigenLayer’s restaking ecosystem. EigenLayer, Ethereum’s largest restaking protocol, is upgrading its rewards program to grant more flexibility to protocols and restakers, according to a Dec. 6 blog post.  The changes let third-party protocols using EigenLayer — dubbed actively validated services (AVSs) — distribute rewards to validators...Continue Reading

Bill Dudley joined others in suggesting the only purpose of a US government Bitcoin reserve would be to reward Trump’s crypto supporters. Another former financial official with the United States government has expressed concerns about President-elect Donald Trump’s intention to establish a national Bitcoin (BTC) reserve while in office. In a Dec. 6 Bloomberg op-ed,...Continue Reading

Interest rate cuts, increases in the M2 money supply, structural deficits, and geopolitical tensions typically drive Bitcoin’s price higher. Non-farm payroll data for November was higher than expected. However, the data also revealed an accompanying uptick in unemployment, which could pressure the Federal Reserve to cut interest rates later this month. According to analysts, the...Continue Reading

The United Kingdom’s financial watchdog has blocked Pump.fun following a warning that the firm is not authorized in the country. The United Kingdom’s Financial Conduct Authority (FCA) has issued a warning about the memecoin generator platform Pump.fun, stating that the platform is not authorized to operate in the country.  The warning, issued on Dec. 3,...Continue Reading