Author: John Smith

Stakes over the recent Cardano network split have risen further, with founder Charles Hoskinson calling it a deliberate, targeted attack. Summary Cardano split was not just a bug, says founder Charles Hoskinson The attack was targeted directly at himself, Hoskinson claimed He called it sabotage of critical infrastructure, and called the authorities A malformed transaction that triggered a chain split on the Cardano network might not have been just a bug. On Monday, November 24, Cardano founder Charles Hoskinson called the incident an intentional exploit by a known individual inside the ecosystem. Hoskinson claimed that the malformed transaction that triggered…

Upbit, the trading platform that routinely eats up more than 70% of South Korea’s crypto volume, is inching toward a future Nasdaq debut thanks to a corporate tie-up involving tech titan Naver. Summary South Korea’s largest cryptocurrency exchange, Upbit, is moving closer to a potential listing on Nasdaq. Reports confirmed that Naver is preparing to acquire Upbit’s parent company, Dunamu, through a multibillion-dollar stock-swap merger. The deal, expected to receive board approval on November 26, would mark one of the most significant corporate consolidations in Asia’s digital finance sector. A multibillion-dollar stock-swap merger between Naver Financial and Dunamu, Upbit’s parent…

President Trump officially announced the plan for a U.S. Strategic Bitcoin Reserve on March 6. Since then, the digital asset stockpile’s returns are now in the red, and no public accounting is in sight. Summary U.S. strategic crypto reserve is losing value as altcoins underperform There’s still no public accounting of how much crypto the U.S. government holds Assets are mostly comprised of crypto seized from criminals According to Arkham data, the U.S. government currently holds $28.7 billion in crypto assets. This is down from over $42 billion in early October, and down from $30 billion since Trump signed an…

A crypto market rally could be coming as a senior Federal Reserve official made the case for more interest rate cuts in the December meeting.  Summary A crypto market rally could happen as a senior Fed official makes the case for rate cuts. Christopher Waller is more concerned about the labor market. Rate cuts and the end of QT are highly bullish for Bitcoin. Bitcoin (BTC) was trading around $86,300 at last check on Monday, down by about 0.7% for the day. However, altcoins like Ripple (XRP), Stellar (XLM), and Hedera (HBAR) were in an uptrend. See below. CRYPTOCURRENCYPRICE  24-HOUR GAINS…

Russian police detained a man who tried to rob a crypto exchange with fake grenades, as Russia faces rising crypto-related crimes and asset thefts. Summary A suspect attempted to rob a Russian crypto exchange using smoke and airsoft grenades to threaten employees. Law enforcement notes an increase in criminal cases linked to cryptocurrency holdings in Russia. The investigation is ongoing, with the suspect facing charges for attempted robbery and threats. Russian authorities have detained a man who attempted to rob a cryptocurrency exchange using smoke and airsoft grenades to threaten staff members, according to reports. The suspect allegedly used the…

Dogecoin price is close to breaking out of a multi-month falling wedge pattern, fueled by investor hype over an upcoming ETF launch. Summary Dogecoin price is down 26% over the month. Multiple DOGE ETFs from different issuers are set to go live over the coming weeks. DOGE price has formed a falling wedge pattern on the daily chart. According to data from crypto.news, Dogecoin (DOGE) has dropped 26% over the past month and 53% from its September high. Trading at $0.14, the altcoin is now hovering at its lowest level since April this year. Dogecoin price has been in a…

Zcash price is gearing for another move upwards, with traders watching liquidity shifts ahead of its return to OKX. Summary Zcash fell to $536 after a volatile week that pushed the token down 22% from recent highs. OKX will re-list ZEC on Nov. 24, adding short-term volatility as traders shift between spot and futures markets. ZEC chart shows mixed technical signals as trading volume across spot and derivatives decline. At the time of writing, Zcash was trading at $536, down 3.2% in the last day after fluctuating between $531 and $606. The pullback comes after a turbulent week that pushed…

Bitcoin price may be gearing for a rebound with a cleaner setup after prolonged leverage wipeout. Summary Bitcoin trades near $87K after a major leverage flush that cleared out excessive long positions. CryptoQuant analysts say fear, oversold readings, and reduced open interest could support a slow recovery. The chart still leans bearish with downward-sloping averages and weak momentum. Bitcoin was trading near $86,646 at press time, up 0.6% in the last 24 hours. The daily range sat between $85,483 and $87,995. The coin remains down 10% over the past week after a 31% pullback from the $126,080 all-time high set on Oct.…

Pump.fun is back in the spotlight after new on-chain activity raised fresh questions about the project’s finances. Summary On-chain analysts reported over $400M in USDC transfers linked to the Pump.fun team. Private placements raised roughly $720M, giving insiders a large share of PUMP supply. PUMP is trading below its ICO price, with analysts expecting further declines amid weak market sentiment. Pump.fun is facing renewed scrutiny after large USDC transfers linked to the team were spotted on-chain. The project transferred over $400 million in USDC via Kraken over the previous week, according to an analysis shared by EmberCN on Nov. 24.…

Dogecoin price continued its recent crash and moved below an important support level as sentiment in the industry worsened.  Summary Dogecoin price has crashed to a crucial support level.  Grayscale will launch the spot DOGE ETF on Monday. The coin has moved to an important support level ahead of the launch. Dogecoin (DOGE) token has crashed in the last four consecutive weeks and is now hovering at its lowest level since April this year. It has slumped by over 70% from its December high.  Dogecoin price will be in the spotlight this week as the market welcomes two DOGE ETFs.…