On Monday, while bitcoin (BTC) prices hovered between $92,850 and $93,150 over the last hour, Microstrategy founder Michael Saylor took to X to share that his firm snagged 2,138 BTC for $209 million at $97,837 each. Since 2020, Microstrategy has steadily accumulated bitcoin, making it the largest publicly traded company (excluding ETFs) to hold BTC […] Source CryptoX Portal
The U.S. is likely to hit the maximum it’s legally allowed to borrow at some point between Jan. 14 and Jan. 23, Treasury Secretary Janet Yellen said in a Friday letter to the speaker of the House of Representatives, Mike Johnson. After that, the Treasury will take “extraordinary measures” to cut borrowing. “I respectfully urge Congress to act to protect the full faith and credit of the United States,” she wrote. In June 2023, Congress suspended the debt limit until Jan. 1, 2025. Risk assets weakened into the market close,…
Layer-1 blockchain HyperLiquid, known for its decentralized derivatives exchange, opened up native staking for holders of its HYPE token, according to a Monday post on X. Stakers can select which validator to stake tokens with and will accrue rewards in return for securing the network. At launch, HyperLiquid staked 300 million tokens ($8.4 billion), and another 7 million tokens were added by users in the first hour. The tokens are staked across 16 validators. Locked tokens bound by a vesting schedule can be staked, but rewards that accrue will remain…
Ethereum, which has seen a significant jump in long-term holders in 2024, could potentially rally to as high as $6,000 in Q1 2025, according to analysts. In a Dec. 29 X post, CryptoBullet, who has over 152k followers, noted that Ethereum is in the process of forming a bull pennant pattern on the 1-day ETH/USDT chart. He expects this pattern to be completed in the coming months, potentially leading to a massive surge to as high as $6,000 within Q1 2025. In technical analysis, a bull pennant pattern forms after…
XRP led crypto losses on the second-last day of this year as a stronger dollar weighed down global currencies and assets including bitcoin, with Asian equity markets sliding lower on Monday. XRP sunk more than 5% in the past 24 hours, with dogecoin (DOGE), Solana’s SOL, ether (ETH) and BNB falling as much as 2%. Overall market capitalization fell 3%, while the broad-based CryptoX 20 (CD20), an index tracking the largest tokens, minus stablecoins, shed 3.5%. US equities declined on Friday and as investors trimmed positions amid uncertainty heading into…
Russia’s largest bank, Sberbank, has joined the expanding digital ruble pilot, signaling stronger momentum as the country advances its central bank digital currency initiative. Russia Expands Digital Ruble Pilot with Key Banking Giants Sberbank, Tbank, and Tochka Bank have officially joined Russia’s digital ruble pilot program, the Central Bank of Russia has revealed through its […] Source CryptoX Portal
Bitcoin price has moved into a technical correction and found support at the 50-day moving average. Bitcoin (BTC) retreated to $94,830, down by over 12% from its highest level this month as the Santa Claus rally failed to materialize. The retreat happened in a low-volume environment, as many investors and traders remained in the Christmas season mode. According to CoinGecko, Bitcoin’s volume of $22 billion on Sunday, Dec. 29 was down from $41 billion a day earlier. Its volume on Friday was $45 billion, higher than $33 billion on Thursday.…
A whale who received 200,000 ETH during Ethereum’s 2015 genesis block has moved closer to completing their market exit, transferring 3,370 ETH (valued at $11.37 million) to Kraken. According to data shared by crypto analyst EmberCN, the whale transferred 48,687 Ethereum (ETH) to Kraken throughout 2024. The movement was worth approximately $171.78 million at an average transfer price of $3,528. 一个在 2015 年从以太坊创世区块获得 20 万枚 ETH 的鲸鱼，9 小时前向 Kraken 转移了 3,370 ETH ($11.37M)。 他在今年转进 Kraken 的 ETH 高达 48,687 枚 ($171.78M)，转出均价 $3,528。不过他的 ETH 经过 8 年时间的陆续出售，现在已经卖的差不多了。目前就还剩 7,594 ETH ($25.72M)，再有个 1-2……
According to data, Polymarket experienced its busiest month ever in November, driven largely by the U.S. Presidential Election. However, December’s activity has cooled off, with trading volumes falling below not only November’s peak but also October’s numbers. Additionally, open interest has sharply declined, dropping from nearly $500 million to a current total of $117 million. […] Source CryptoX Portal
During the opening week of the year, the Kheavyhash algorithm—used for mining kaspa (KAS)—topped the profitability charts among proof-of-work (PoW) algorithms. Fast forward to today, and Scrypt has claimed the crown as the most lucrative choice for miners, particularly those extracting dogecoin (DOGE) and litecoin (LTC). Mining Algorithms Push Limits in a Historic Year As […] Source CryptoX Portal