Cryptocurrency and the American economy as a whole are not zero-sum competitions. When crypto projects and small businesses succeed, we are all enriched. The competition between the SEC and the cryptocurrency industry, on the other hand, is zero-sum. Either the SEC can ban these markets, or cryptocurrency projects can access them. Both cannot be true at once. Source
As of this writing, XRP traded close to 65 cents – a critical level above which selling pressure has remained robust since October 2023. Should the resistance give away this time, the months of pent-up energy accumulated during this consolidation phase could be unleashed, potentially yielding a rapid rise toward 90 cents-$1.00. Source
When we aggregate the data from all cohorts, including miners, exchanges, and retail investors, over the past 30 days, it shows that all groups combined have accumulated a total of 26,000 BTC. But again, this demand has been consistent for the past three months since September, outstripping supply and issuance. Source
The Beam Chain would focus on Ethereum’s consensus layer, also called the Beacon Chain, which is the part of the network that handles how transactions get processed and recorded. “The beacon chain is kind of old,” Drake said. “The spec was frozen five years ago, and in those five years so much has happened.” Source
Musk has discussed creating a “Department of Government Efficiency,” abbreviated as D.O.G.E, to make government spending more efficient. That has fueled expectation among traders that there could be more chatter of “DOGE” in mainstream media and retail trading circles, fueling attention and interest in dogecoin, as a CoinDesk analysis first noted in mid-October. Source
Republicans will control 53 seats for at least the next two years, having flipped Pennsylvania, Ohio, Montana and West Virginia last week. The crypto-focused super political action committee, Fairshake, was heavily involved in the Ohio race in particular, supporting Republican Bernie Moreno to the tune of $40 million. Source
It’s a sign that bullish long positions are likely getting crowded, and a slight price pullback could see over leveraged bulls capitulate, closing their longs and inadvertently exacerbating downside pressures in the market. Leverage washouts have been a common phenomenon in previous bull markets, often leading to a sudden double-digit percentage price drops. Source
Lens, which was founded in 2022 by the creators of decentralized finance (DeFi) giant Aave, released its version 3 on Monday, having already empowered some 550,000 users by granting them complete ownership of their social identity, the data they create, the connections they make and the audiences they communicate with. Source
MicroStrategy (MSTR), the Nasdaq-listed software company with the largest corporate bitcoin treasury, melted up 25%, closing the day at a new all-time high price of $340, overcoming its 24-year old record from the dotcom bubble era. The company announced on Monday that it acquired 27,200 BTC, bringing its total holdings to 279,420 bitcoin, worth about $24.5 billion at current price. Source
Trabucco, who was part of Sam Bankman-Fried’s inner circle and became Caroline Ellison’s right hand at Alameda Research, the trading firm co-founded by Bankman-Fried, left the company in August 2022, just months before both Alameda and FTX filed for bankruptcy in December of that year. Source