Michele Korver, the head of regulation at a16z Crypto, has expressed support for the lawsuit against the U.S. Treasury, Secretary Janet Yellen, and the country’s Internal Revenue Service over the new “DeFi brokers regulation rules.” a16z Crypto Joins Others in Lawsuit Against DeFi Broker Rules In an X post, Korver expressed concerns regarding the … Read more
According to data, Polymarket experienced its busiest month ever in November, driven largely by the U.S. Presidential Election. However, December’s activity has cooled off, with trading volumes falling below not only November’s peak but also October’s numbers. Additionally, open interest has sharply declined, dropping from nearly $500 million to a current total of $117 million. … Read more
The altcoin market faces stagnation as traders prioritize short-term gains over long-term value, according to Syncracy Capital co-founder Daniel Cheung. Cheung highlighted on Dec. 28 that heightened volatility stems from a shift in trading behavior, with many adopting high-frequency strategies to time entries and exits. The total cryptocurrency market cap excluding Bitcoin (BTC) and Ethereum … Read more
2024 has been a whirlwind year for cryptocurrency enthusiasts, with countless opportunities to stake a claim in the future of finance. As December rolls in, the hunt for the best cryptos to buy for December 2024 is heating up. With the market brimming with innovation and potential, investors are eyeing projects that promise returns and … Read more
During the opening week of the year, the Kheavyhash algorithm—used for mining kaspa (KAS)—topped the profitability charts among proof-of-work (PoW) algorithms. Fast forward to today, and Scrypt has claimed the crown as the most lucrative choice for miners, particularly those extracting dogecoin (DOGE) and litecoin (LTC). Mining Algorithms Push Limits in a Historic Year As … Read more
Neiro on Ethereum (NEIRO) daily chart showed a downtrend followed by signs of a potential reversal. The NEIRO coin price dipped consistently beneath the resistance marked by a descending trendline. As the market found a floor, NEIRO began consolidating, forming a base around $0.00094000 highlighted by several touches on this level, indicating strong support. The … Read more
As large corporations accumulate more Bitcoin, there is a risk of centralization, market manipulation, and increased government regulation that could undermine the original principles of decentralization and freedom in the future. In recent years, we have seen huge attention from large corporations towards Bitcoin, the celebrated currency for years as decentralized and peer-to-peer. It was the currency’s ability to function outside … Read more
Sunday has been a rollercoaster for bitcoin prices, with the top crypto asset dipping to a low of $92,941 per coin. The whole crypto market took a hit, dropping by 1.61%, while BTC itself lost 1.42% in the last 24 hours. Cryptoquant Data Shows Bitcoin’s Sell-Side Liquidity Plunged to 6.6 Months Bitcoin hit a low … Read more
Meme coins owned the crypto spotlight in 2024, grabbing 31% of crypto-related search traffic, according to CoinGecko. That’s nearly one in three searches, showcasing their meteoric rise as the year’s top crypto narrative. While $DOGE and $SHIB continue to lead with a combined market cap of $113 billion, the ecosystem has expanded to include a … Read more
MicroStrategy continues its aggressive Bitcoin strategy, recently amplifying its holdings to a staggering 444,262 BTC, valued at $41.4 billion. On December 29, co-founder Michael Saylor shared updated metrics, reinforcing the company’s commitment to Bitcoin despite fluctuating market conditions. As Saylor emphasized in his recent post, “Disconcerting blue lines on SaylorTracker.com” indicate an ever-evolving digital asset … Read more