Day: December 4, 2025

Connecticut Orders Robinhood, Crypto.com, Kalshi Stop Event Contracts

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The US state of Connecticut has hit Robinhood, Kalshi and Crypto.com with cease and desist orders, accusing the platforms of offering unlicensed sports betting through event contracts. The Connecticut Department of Consumer Protection (DCP) sent letters to the three platforms on Wednesday, claiming they were “conducting unlicensed online gambling, more specifically sports wagering,” with event contracts available online. “None of these entities possess a license to offer wagering in our state, and even if they did, their contracts violate numerous other state laws and policies, including offering wagers to individuals…

Next Key XRP Level Could Be $1.2 If Current Support Fails, Says Analyst

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Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started…

Coinbase Explains Why Bitcoin Price Dumps With Whale Selling Pressure

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Bitcoin’s latest drop stems from structural strains, Coinbase Institutional explained, as weakening trend signals, thinning liquidity, whale selling and ETF outflows pressured the market despite normally supportive easing monetary conditions. Market Volatility Rises as Bitcoin Breaks Support With Liquidity Compression Coinbase Institutional, a division of crypto exchange Coinbase (Nasdaq: COIN), explained on social media platform […] Original

Ethereum Surges Above $3,200 as Traders Eye a Stronger Bullish Extension

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Ethereum price started a fresh increase above $3,120. ETH is now attempting to clear the $3,250 resistance and might accelerate higher. Ethereum started a fresh increase above the $3,000 and $3,120 levels. The price is trading above $3,150 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $3,120 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it settles above the $3,250 zone. Ethereum Price Eyes More Gains Ethereum price managed to stay above…

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Massive Crypto Liquidation Wave Slams Traders

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A sharp rise in crypto liquidations is sending a louder message of how some traders are using more leverage in recent months. Related Reading Average daily wipeouts have jumped from roughly $28 million in long bets and $15 million in shorts during the last cycle to about $68 million long and $45 million short in the current cycle, according to a new Glassnode and Fasanara report. That shift has made single sell-offs much more violent. Early Black Friday Shock Reports have disclosed that Oct. 10 was the clearest sign of…

IREN Shares Recover Following Decline Induced by $3.6B Raise

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Shares in IREN recovered on Wednesday after the Bitcoin miner said it would raise $3.6 billion through a combination of share sales and a convertible debt offering as it races to deploy computers to meet artificial intelligence demand. IREN (IREN) jumped 7.6% to a peak of $44.25 during trading on Wednesday, and settled to $43.96 by the bell at a gain of 6.9%. It comes after IREN fell over 15% on Tuesday following its announcement that it was planning capital raising efforts.  IREN said on Wednesday that it was launching…

Bitcoin Strengthens Again as Market Positions for Another Wave of Gains

Bitcoin price started a fresh increase above $92,000. BTC is now testing the key barrier at $94,000 and might attempt an upside break. Bitcoin started a fresh increase above the $92,000 zone. The price is trading above $91,500 and the 100 hourly Simple moving average. There is a bullish trend line forming with support at $92,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move up if it settles above the $94,000 zone. Bitcoin Price Extends Gains Bitcoin price managed to…

Solana Mobile Says Token for Seeker Phone Coming in January

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Solana is set to roll out the awaited native token tied to its latest mobile phone model, Seeker, at the start of 2026, with the coin set to be the governance token of the company’s mobile ecosystem. Solana Mobile announced in an X post on Wednesday that the “SKR” token will have a total supply of 10 billion tokens, with 30% allocated for airdrops and 25% reserved for growth and partnerships. An additional 10% of the token’s supply will be for liquidity, 10% for a community treasury, 15% for Solana…