Day: October 7, 2024

The future of DeFi is Bitcoin, and developers can’t afford to miss it

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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 financial industry is at a tipping point, with DeFi leading the charge. While Ethereum (ETH) has long dominated the DeFi landscape, Bitcoin (BTC) —the original and most trusted cryptocurrency—remains underutilized and is well-positioned to unlock its untapped potential. Historically regarded as ‘digital gold,’ Bitcoin is on the verge of proving its far-reaching capabilities in DeFi, and it’s about time developers, investors, and institutions woke up to…

Addresses holding over $1m in Bitcoin increased by 2k in 5 days

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The number of large Bitcoin holders has been growing as the geopolitical tension in the Middle East cools down. Whale addresses holding over $1 million in Bitcoin (BTC) declined from 111,906 to 107,835 between Sept. 29 and Oct. 2, according to data provided by Glassnode. The selloff was majorly triggered on Oct. 1 as Iran launched a missile attack on Israel. BTC price and whale addresses – Oct. 7 | Source: Glassnode Per data from Glassnode, these whale addresses soon started to rise — reaching 109,921 unique wallets on Oct.…

XRP Takes A 16% Hit In SEC Lawsuit Drama, But Analysts See Hope

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Este artículo también está disponible en español. With about 16% of its value lost in October 2024 alone, XRP, the native coin of Ripple, has been under heavy assault this month. The US Securities and Exchange Commission’s (SEC) fresh appeal in its continuous action against Ripple is driving the price drop. Investors are left wondering about XRP’s future as the legal question of whether it qualifies as a security looms over the token like a dark cloud. Related Reading Hope is mixed with skepticism, as some analysts are nearly optimistic…

Why Memecoins Are Still The Next 100x Chance

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Este artículo también está disponible en español. Over the past weekend, there was a notable rise in memecoin prices, driven by heightened social buzz and increased risk appetite among crypto investors. The concept of a “memecoin supercycle,” which posits that memecoins will lead the upcoming crypto bull run, gained traction on X. In this context, crypto analyst Kai (@Kaiwen0x) released a widely-shared article explaining the ongoing allure of memecoins as a viable investment choice. The Case For Memecoins In The Crypto Bull Run 2025 Kai argues that memecoins are poised…

Japan’s Metaplanet Buys Another $6.7M Worth of Bitcoin

The company adopted bitcoin as a reserve asset in May as a hedge against volatility of Japan’s native currency. It now has the second-largest bitcoin stash among Asia-listed companies, behind Hong Kong-based technology firm Meitu (1357), which holds around 941 BTC, according to Bitcoin Treasuries. Both companies trail behind Tysons Corner, Virginia-based MicroStrategy, which has more than 252,000 and is the largest publicly traded owner of the token. Source

Unlocking Bitcoin’s Future: GoBTC Foundation’s Jeremy Dreier on the Crucial Role of Onchain Growth

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GoBTC Foundation supports innovative Layer 1 and Layer 2 projects to grow the Bitcoin onchain ecosystem. By providing investment, strategic guidance, and a platform for launching new tokens, this new foundation helps onchain projects accelerate growth and contribute to Bitcoin’s future—one that may depend on onchain transactions more than we realize. Jeremy Dreier is Chief […] Original

Here’s Why The Bitcoin Price Could Hit $100,000 Before The End Of The Year

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Este artículo también está disponible en español. Crypto analyst Ash Crypto has outlined several reasons why the Bitcoin price is poised to reach $100,000 by the end of the year. This price level is one that other market experts like Standard Chartered have predicted that the flagship crypto could hit even before year-end.  Why The Bitcoin Price Can Reach $100,000 By Year-End Ash Crypto stated in an X post that the answer to whether Bitcoin will reach $100,000 in the fourth quarter of this year lies in the past halving…