Author: John Smith
The NFT market has shown strength amid crypto market volatility, according to the latest data from CryptoSlam. The total sales volume has reached $302.2 million — a notable 32.93% increase. This is an evident spike from last week’s $224 million sales. This surge has been accompanied by growth in market participation. The market metrics show strong expansion across all key indicators: NFT buyers have nearly doubled with a 92.39% increase to 349,972 NFT sellers have grown significantly by 77.18% to 207,672 NFT transactions have shown a healthy growth of 7.28% to 1,651,950 Ethereum dominance strengthens The Ethereum (ETH) NFT blockchain…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The price of Bitcoin (BTC) rises and falls. It always has and likely always will—just as any stock or asset does. However, as of late, its jumps are far larger than its drops. In other words, crypto enthusiasts are enjoying their own version of the Roaring Twenties, an era of Western economic prosperity following the devastating Great War. Likewise, Bitcoin holders and crypto advocates are gleefully checking their digital wallets and watching token values take off just…
MicroStrategy founder Michael Saylor shared Friday a proposal for establishing a strategic Bitcoin reserve. The proposal suggests that such a Bitcoin (BTC) reserve could generate between $16 and $81 trillion in wealth for the U.S. Treasury, potentially offering a path to offset the national debt. The proposal projects digital capital markets growth from $2 trillion to $280 trillion, with U.S. investors capturing the majority stake. A strategic digital asset policy can strengthen the US dollar, neutralize the national debt, and position America as the global leader in the 21st-century digital economy—empowering millions of businesses, driving growth, and creating trillions in…
The cryptocurrency market surge has delivered exceptional returns for hedge fund giants Brevan Howard and Galaxy Digital. The duo has risen as standout performers following Bitcoin’s rise to $108,000. According to data from Hedge Fund Research, cryptocurrency-focused hedge funds achieved gains of 46% in November, pushing their year-to-date returns to 76%. This performance outpaces the broader hedge fund industry, which recorded a more modest 10% gain in the first 11 months of 2024. Hedge funds capitalize on market momentum Brevan Howard Asset Management, with CEO Aron Landy at the helm, manages $35 billion in assets. The fund has seen its…
Key Takeaways As per the liquidator, within last few days, over NZ$400 million in crypto has been returned on-chain Further distributions for newly verified users are planned for next year, as per the advisory. Cryptopia, the defunct New Zealand-based crypto exchange, has commenced the long-awaited process of returning approximately NZ$400 million (about $225 million USD) in digital assets to 10,000 verified account holders. The exchange entered liquidation in 2019 after a devastating cyberattack resulted in the theft of $15.5 million worth of crypto. Aggravating its troubles, a former employee stole $170,000 in 2021 from a wallet tied to Cryptopia. Despite…
Key Takeaways On December 19, the government added 11 Bitcoin, worth around $1 million, to its strategic reserves. Director of El Salvador’s National Bitcoin Office, stated that the country will continue buying Bitcoin, at possibly an accelerated pace, El Salvador has announced plans to continue purchasing the cryptocurrency, potentially at an accelerated pace, following a $1.4 billion financing deal with the International Monetary Fund (IMF). The National Bitcoin Office of El Salvador confirmed on Dec. 19 that the government had added 11 Bitcoin, worth around $1 million, to its strategic reserves. This purchase brings the country’s total Bitcoin holdings to…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. A rising DeFi token could challenge Ethereum’s dominance by 2025, reshaping decentralized finance. A unique DeFi token is making waves, poised to challenge Ethereum’s dominance by 2025. With unique features and growing momentum, it could redefine the landscape of decentralized finance. Is the crypto world on the brink of a major shift? This article explores how this rising star might seize the spotlight in the coming years. CYBRO’s 260% jump after Gate.io and MEXC listings signals massive rally ahead…
Key Takeaways Hashdex’s Nasdaq Crypto Index US ETF will trade on the Nasdaq stock market, while Franklin Templeton’s Franklin Crypto Index ETF will be listed on the Cboe BZX Exchange. The SEC said that both ETFs’ structures and terms were similar to previously approved spot Bitcoin and Ether products. The United States Securities and Exchange Commission (SEC) has approved Bitcoin and Ether spot exchange-traded funds (ETFs) from Hashdex and Franklin Templeton. The SEC’s approval, announced on December 19, allows both funds to list on prominent exchanges. Hashdex’s Nasdaq Crypto Index US ETF will trade on the Nasdaq stock market, while…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As altcoin season heats up, ADA and SOL draw attention, with Lightchain AI Presale emerging as a rising star. The crypto market is buzzing as altcoin season nears, bringing renewed attention to two major players Cardano (ADA) and Solana (SOL). While both have played key roles in shaping the blockchain landscape, the big question is — what’s next for these giants in 2024? With new competitors emerging and market conditions evolving, investors are keeping a close eye on their…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As winter 2024/25 nears, top altcoins gain momentum, offering promising trading opportunities. As the cryptocurrency market evolves, a select few altcoins are emerging as potential frontrunners for the upcoming winter trading season of 2024/2025. These digital currencies are gaining momentum and attracting attention for their growth prospects. Delving into these top performers could reveal opportunities for maximizing gains in the months ahead. XYZVerse: A winter 24/25 winner poised for a 7,400% surge XYZVerse goes beyond the typical meme coin,…