World Liberty Financial (WLF) aims to achieve its aim of launching the next wave of broad defi adoption through the security and dependability of Chainlink. Chainlink to Power World Liberty Financial’s Defi Ecosystem World Liberty Financial (WLF), a decentralized finance (defi) platform backed by Donald Trump has announced a strategic partnership with Chainlink, the standard […]

Ghana and Singapore partner to use blockchain technology to facilitate the trading of carbon credits. Cementing Ghana’s Position as Africa’s Carbon Market Leader Ghana’s Environmental Protection Agency (EPA) has entered into an agreement to add the country’s Ghana Carbon Registry (GCR) to a blockchain-based Internationally Transferred Mitigation Outcomes (ITMO) network. This follows an initial agreement […]

The UK government reportedly plans to unveil new cryptocurrency regulations this month, aiming to bolster the UK’s position as a global crypto hub amid increasing competition from the U.S., where recent policy shifts under Donald Trump favor the industry. The UK Treasury’s proposed legislation will cover stablecoins and seek a specific exemption for staking services, […]

Bernstein analysts foresee a crypto bull market fueled by Trump’s pro-bitcoin stance, urging investors to seize this opportunity for gains, with a $200K bitcoin target by 2025. Bernstein Calls for Aggressive Crypto Investment Amid Pro-Bitcoin Policies Leading research and brokerage firm Bernstein, with analysts led by Gautam Chhugani, has issued a strong recommendation for cryptocurrency […]

Blackrock’s spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT), launched in January, has now surpassed the Ishares Gold Trust (IAU) in assets under management (AUM). According to Factset, IBIT reached approximately $34.3 billion on Friday, overtaking IAU’s nearly $33 billion. This milestone follows President-elect Donald Trump’s victory, with Trump openly supporting cryptocurrency during […]

Singapore-based cloud mining service Bitfufu has obtained a $100 million credit line from Antpool Technologies, intended to reinforce its bitcoin holdings. Antpool Backs Bitfufu With $100 Million Credit Agreement In a move reflecting Bitfufu‘s ambitious growth goals, the cryptocurrency mining company entered into a two-year Master Loan Agreement (MLA) with Antpool Technologies. Under this arrangement, […]

significant pullback. The momentum ETH is building now may help it break through successive supply levels in the near term, pushing toward higher targets. For now, Ethereum’s upward trajectory is supported by solid technical levels and a market environment increasingly favorable for continued gains. Featured image from Dall-E, chart from TradingView

Solana Joins $100B Club, Hitting Nearly a Three-Year High Above $210


The fourth largest crypto could potentially reach its 2021 record highs in the coming days given its relative strength through crypto's eight-month long consolidation phase, one analyst noted.

In the latest twist of crypto market action, solana (SOL) has waltzed past binance coin (BNB) this week, securing its place as the fourth largest digital asset by market cap. Solana Surges Ahead Currently, solana boasts a market cap of $97.68 billion, capturing 3.66% of the $2.67 trillion crypto economy. As of Nov. 10, SOL […]

Non-fungible token (NFT) sales ticked upward this week, climbing 14.99% higher than the previous week’s figures in total seven-day sales. Ethereum and Bitcoin Dominate as NFT Sales Rebound Between Nov. 2 and Nov. 9, 2024, NFT sales hit $95.72 million, marking a 14.99% boost over the previous week, which had followed several weeks of declining […]

As of Friday’s latest data, spot bitcoin and ether ETFs once again recorded positive inflows, capping off a groundbreaking week in the market. $293M in Bitcoin, $85M in Ether Inflows on Friday In the U.S., spot bitcoin ETFs pulled in $293.47 million in inflows on Friday alone. Leading the pack was Blackrock’s IBIT, with an […]

Former Congressman Ron Paul scrutinized the Federal Reserve and its leadership, raising concerns over the power dynamics between the Fed, its chair Jerome Powell, and the political influences of President-elect Donald Trump. Jerome Powell’s Fed Under Fire: Ron Paul Calls for ‘Sound Money’ Revolution In a recent interview, Ron Paul expressed strong reservations about the […]

Rising Bitcoin Funding Rates Signal Market Optimism—But Is A Correction Looming?


Bitcoin recent price movement of continuous uptrend has drawn the attention of market participants and analysts as it edges closer to creating a new all-time high, blasting through critical resistance levels. Amid this, a CryptoQuant analyst known as TraderOasis provided an in-depth analysis of Bitcoin’s market earlier today, suggesting the trajectory the asset could head to next. Related Reading: Analyst Predicts Bitcoin Bull Run: MVRV Metric Hints At $95K To $120K Target Analysis On Bitcoin Oasis explained that his previously outlined bullish scenario for the Range 0.5 structure had played out successfully, emphasizing the importance of Bitcoin’s previous all-time high (ATH) level as potential support. This level, represented by the blue line in his chart analysis (shown above), could be a critical marker for Bitcoin’s next phase, the analyst reveals. The analyst also highlighted the significance of the Coinbase Premium Index, which often indicates strong buying demand on Coinbase relative to other exchanges. Oasis noted that the bullish shift in this indicator was accompanied by an upward price move, marking an important resistance zone that Bitcoin needs to overcome to sustain its momentum. Furthermore, he pointed out that the open interest indicator, which tracks the total number of outstanding derivative contracts, was moving alongside the price. According to him, this is a positive signal indicating that market participation remains strong without signs of instability or excessive leverage. Rising Funding Rates And Exchange Netflow Observations TraderOasis also delved into another key metric: funding rates. These rates reflect the cost of holding long positions in perpetual futures contracts and can signal market sentiment. The analyst observed that funding rates had begun to rise again, suggesting that market participants are increasingly confident about further upward movement. However, he cautioned that this sentiment had not yet reached extreme levels that could indicate overheating or a potential correction. The analyst mentioned monitoring these levels is essential, as excessive funding rates often signal market tops or heightened volatility. Another aspect of analysis was the activity observed in exchange netflow for spot exchanges. According to Oasis, a significant sell-off was reflected in this indicator, which measures the net flow of Bitcoin into and out of exchanges. Given the potential for increased volatility, the analyst interpreted this as a signal to consider taking profits on long trades. This aligns with previous market patterns where high net inflows or outflows often foreshadow shifts in market sentiment and price direction. Related Reading: Bitcoin Path To $85K: Analysts Say It’s Behaving ‘As Predicted’ Meanwhile, Bitcoin so far appears to have found stability above $75,000 price mark following its latest ATH of $76,872 yesterday. At the time of writing, the asset currently trades for $75,820, up by 0.9% in the past day. Featured image created with DALL-E, Chart from TradingView

PEPE Slips Into Correction: Here Are Key Levels To Watch For A Rebound


After a strong upward momentum, PEPE is showing signs of fatigue, slipping into a correctional phase, with traders speculating on what might come next. As the token retraces from recent highs, attention now turns to pivotal support levels that could dictate its recovery potential. Will these key levels hold the line and fuel a bounce-back, or is PEPE in for a longer dip? This article will provide an in-depth look at PEPE’s current price movement within its correctional phase. By highlighting significant support and resistance levels, this piece seeks to equip investors and traders with valuable insights into possible rebound zones and the factors that could influence its recovery or further declines. Understanding PEPE’s Correction: What Triggered The Pullback? PEPE has recently taken a bearish shift on the 4-hour chart, encountering strong resistance at $0.00001152. This struggle to sustain the uptrend has triggered a decline, pushing the asset toward the 100-day Simple Moving Average (SMA). A drop below this SMA could amplify selling pressure, while a rebound might signal a potential price reversal. An analysis of the 4-hour Relative Strength Index (RSI) suggests that bullish strength may be waning. Currently, the RSI has fallen to around 68% from the overbought zone, indicating that the buying pressure is diminishing. If the RSI continues to drop, it may indicate that the market is becoming more oversold, possibly paving the way for a deeper correction. Related Reading: Analyst Says PEPE Bearish Continuation Is Possible For A 50% Price Crash On the daily chart, PEPE is exhibiting significant negative movement, as reflected by a bearish candlestick. This ongoing downward trend highlights a prevailing selling pressure within the market. Although the meme coin is currently trading above the 100-day SMA, which is typically seen as a bullish indicator, the strength of the bearish candlestick suggests that upward momentum may be limited. Finally, on the 1-day chart, the RSI signal line is approaching the critical 50% level after rising above it. The 50% mark represents a neutral zone, suggesting a balance between buying and selling pressure. A dip below 50% could signal a shift towards bearish sentiment, while holding above or climbing back above 50% may imply continued bullish strength, possibly leading to more price gains. Where PEPE Could Find Stability Key support levels are crucial price points where PEPE could find stability and reverse its current downtrend. One of the primary support levels to watch is the $0.000000766, which has historically acted as a crucial level of support. If PEPE’s price approaches this level, it could trigger renewed buying interest, potentially leading to a rebound. Related Reading: PEPE Midterm Price Prediction: Is A 326% Rally To $0.00003474 Possible From Here? However, should the meme coin break this level, it could lead to a prolonged decline, possibly pushing the price toward $0.00000589 and beyond. Featured image from Shutterstock, chart from

First Mover Americas: BTC in Price Discovery Mode Following Record High


The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 8, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Caroline Ellison, former chief executive of Alameda Research and a pivotal witness in the case against FTX founder Sam Bankman-Fried, has reported to a low-security federal prison in Connecticut following her two-year sentence, according to a CNBC report. Reporter MacKenzie Sigalos and Dawn Giel wrote that Ellison, who cooperated extensively with federal prosecutors, was instrumental […]

Fueled By Election Buzz, Memecoins Soar 22% On Pure Speculation—Report


Memecoins are crucial to the blockchain and the cryptocurrency community, and Binance Research highlights their unique value proposition. According to Binance rerport, the rise of memecoins coincides with the expansion of the world’s money supply. As money and capital become readily accessible, risk-on investments like Bitcoin, altcoins, and memecoins become attractive options. Related Reading: Solana Rockets Past BNB To Claim Coveted 4th Spot In Crypto Ranks Although memecoins promise a strong upside, they are also a high-risk investment since they’re highly speculative and have few use cases. However, their recent performance seems to defy the odds—their market cap was up by 22% immediately after the US election. Doge and PEPE coins are two of the top gainers among coins this Wednesday, adding 15% and 11% to their values, respectively. Binance Research: 75% Of All Memecoins Were Launched Last Year According to a November 2024 Binance research, meme currencies are growing in popularity because people are now looking at risk-on investments. The report adds that the global money supply is expanding, and many retail investors are looking at alternative ways to generate wealth. This niche’s market value has tripled since 2022, thanks to these coins’ popularity. Binance’s report also mentioned the regulator’s distrust of Initial Coin Offerings (ICOs). With this order, developers will now consider private venture capital funding (VCs) to promote their projects. Experts call this the “Low Float and High FDV” approach, meaning only a few tokens are available for trading but boast a higher valuation. Memecoins Remain An Accessible Investment Option While the approach benefits developers and early adopters, it may put regular investors at risk. As such, many retail investors look for memes as alternative investment options. These are the primary reasons why meme tokens are popular and highly accessible to all. Binance adds that roughly 75% of all meme currencies were launched last year. The Binance team acknowledged that many found launching these projects easy, but sustaining their operations is challenging. According to the same report, around 97% of all memecoins have died, and the rest struggle but managed to ride on the election hype this year. Related Reading: Why One Analyst Says Now’s The Time To Buy XRP—Before It Hits $14 Memecoins Jump by 22% In A Day, Thanks To Election Hype While these coins are considered community-driven and accessible investments, they’re also highly speculative. Many in the community have placed their bet on a “meme coin supercycle” to coincide with Bitcoin’s run. The bet paid off, and the memecoins’ market cap is now above $73 billion, reflecting a 22% increase. Featured image from , chart from TradingView

It Hits $10,000? On the other hand, if the price drops below $180, it could signal a shift in momentum, putting the current uptrend at risk. For now, bulls must maintain control by keeping SOL above $180 while the broader market awaits the Fed’s decision, which could impact risk sentiment and Solana’s next move. Featured image from Dall-E, chart from TradingView

Pro-crypto Donald Trump has claimed in the US election and the market is booming, with Bitcoin hitting a new all time high of $75,000. Meme coins are surging across the board, with Dogecoin (DOGE) and Shiba Inu (SHIB) having both posted hefty gains in the past day as the bulls take control of the crypto […]

After last week’s turbulent period, publicly traded bitcoin mining companies rebounded on Wednesday, celebrating a strong performance as Trump clinched the White House. Bitcoin Mining Stocks See Explosive Gains On Nov. 6, bitcoin mining stocks rallied, riding high alongside bitcoin, which hovered at $74.6K by 9:40 a.m. ET on Wednesday. MARA Holdings (MARA), boasting the […]