Tag: Market

Crypto AI Market Hits $20.7B After Amazon Announces $50B Federal Supercomputing Contract

Key Notes Federal cloud infrastructure expansion positions AWS as dominant provider for government AI processing and research applications. Cryptocurrency markets respond positively with AI tokens gaining collective value amid growing institutional adoption signals. NEAR Protocol leads sector performance while selective profit-taking affects established tokens like Bittensor despite bullish trends. AI-linked cryptocurrencies surged on Nov. 24 as Amazon confirmed a landmark plan to invest up to $50 billion in new AI and supercomputing infrastructure for US federal agencies. The initiative will deploy nearly 1.3 gigawatts of high-performance computing capacity across AWS…

BitMine Buys $60M Ethereum as Market Recovers & $SUBBD Amps Up Presale

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What to Know: BitMine has bought 21,537 more $ETH for about $60M, now holding over 3% of supply despite roughly $4B in unrealized losses. The company plans a US-based MAVAN validator network to generate staking revenue and turn its massive Ethereum stack into active infrastructure. SUBBD is building an AI-powered creator content platform on Ethereum, using $SUBBD for payments, rewards, and access to automated content tools. The $SUBBD presale combines fixed 20% staking rewards with multi-x upside forecasts, but remains a high-risk early-stage Ethereum ecosystem play. BitMine has just grabbed…

Live: What’s Moving Crypto Market on Nov. 24?

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Pepperstone Takes Aim at Crypto Exchanges, Citing ‘Fat on the Bone’ in New Market Push

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An Australia-based CFD broker Pepperstone is launching a spot crypto exchange, with its CEO indicating increased competition for existing crypto-native platforms behind the move. Digital assets meet tradfi in London at the FMLS25 Speaking at the AusCryptoCon convention, Pepperstone CEO Tamas Szabo announced the “imminent” launch, noting it was the result of a year-long investment. He also commented on current market conditions. “I do think there’s a ‘little bit of fat on the bone’ in the exchange space, so I think there’s some competition that might come in,” Szabo stated,…

Ethereum Price Faces Key Barriers That Could Decide the Next Market Move

Ethereum price failed to stay above $2,800 and tested $2,620. ETH is now attempting to recover but faces resistance near $2,890. Ethereum started a fresh decline after it failed to stay above $2,800. The price is trading near $2,840 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,960 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $2,720 zone. Ethereum Price Attempts Recovery Ethereum price failed to continue…

Crypto Market Not Showing Signs Of ‘Major Capitulation,’ Says Economist

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A significant downside plunge for Bitcoin and the broader crypto market doesn’t look likely at this stage, according to macroeconomist Lyn Alden. “We haven’t hit euphoric levels in this cycle; therefore, there is less of a reason to expect a kind of major capitulation,” Alden said during a recent What Bitcoin Did podcast interview published to YouTube. “The cycle could go on for longer than people can expect, because it’s not driven by the halving, it’s driven by broader macro and interest in the asset itself,” Alden said, shutting down…

Cardano Faces Renewed Pressure After Network Partition Bug Triggers Market Anxiety

Key Notes Cardano’s ecosystem stakeholders put out a joint post-mortem statement on Saturday, detailing events around a partition exploit on the network. Cardano (ADA) price moved below $0.40 on Saturday, November 22, spotting another 3% decline in the last 48 hours. Cardano liquidation map data shows 91 million short leverage placed on ADA compared to $11 million active long leverage. Cardano ecosystem teams across Input Output Global (IOG), EMURGO, and Intersect released a detailed incident report on Saturday. It outlined the events behind a controversial partition bug. The report explained…

Crypto Market Remains on Edge After Over $2B Wiped Out in the Last 24 Hours

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The crypto market is reeling once again after an intense wave of liquidations erased over $2 billion in leveraged positions within a single day. Related Reading With Bitcoin, Ethereum, Solana, and other major assets plunging sharply, traders are bracing for what could be another turbulent stretch, especially with billions in options set to expire. ETH’s price trends to the downside on the daily chart. Source: ETHUSD on Tradingview Massive Liquidations Trigger Steep Sell-Off According to data from Coinglass, more than $2 billion in long and short positions were liquidated over…

Bitcoin market crash fall wasn’t unique to crypto: Binance CEO

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Binance CEO Richard Teng says crypto’s recent volatility mirrors broader market conditions amid global deleveraging. Summary Binance CEO Richard Teng says crypto is not uniquely affected in the recent crash Investors in all markets are changing their risk assessments over macro uncertainty While volumes across the crypto market dipped, there are no structural shifts or liquidity issues Bitcoin’s sharp 21% decline over the past month may have spooked retail traders, but Binance’s CEO Richard Teng says there’s no need for panic. On Friday, November 21, Teng spoke at a media…