Crypto news

The new 10x’s research extends beyond MicroStrategy, highlighting that several crypto-related stocks are trading close to fair value based on BTC price. In a recent report released by 10x Research, the company has raised concerns about the overvaluation of MicroStrategy Inc (NASDAQ: MSTR) shares. The research was led by Markus Thielen, the analyst who accurately predicted this year’s Bitcoin (BTC) rally. According to him, despite MSTR’s impressive 343% surge this year, the business...

Buterin emphasized that these proposals provide credible ways to limit the number of signatures without compromising security or showing favoritism. Ethereum wants to make its proof-of-stake model simpler for better efficiency. Right now, validating transactions on the Ethereum blockchain is done by a large number of validator nodes, around 895,000 of them, and they generate about 28,000 signatures in each time slot. This huge number of signatures puts a strain on the network and makes it...

Ark Invest purchased $92 million worth of ProShares Bitcoin Strategy ETF (BITO) and 4,320,928 units of the US Bitcoin futures-linked ETF. Cathie Wood’s asset management firm Ark Invest has actively engaged in portfolio rebalancing this year amid a surge in stock prices of crypto firms. In the latest development on Wednesday, December 27, Ark Invest divested its Coinbase holdings and all of its GBTC holdings. In a recent trade filing, the company led by Cathie Wood revealed the sale of...

PancakeSwap put forward a proposal to reduce the maximum supply of its native CAKE token from 750 million to 450 million. One of the unique things about the crypto industry is the fact that many major projects operate as decentralized autonomous organizations (DAOs). As such, their users get a say in the decisions made by these organizations and can have their voices heard. A recent example of this was with the decentralized crypto exchange PancakeSwap. The DEX recently put forward a...

Marathon Digital and Riot Platforms, sensing the potential for increased demand, have made strategic moves to fortify their positions in the market. In the last 24 hours, Marathon Digital Holdings Inc (NASDAQ: MARA) has witnessed a remarkable 105 million shares in trading volume, surpassing established blue-chip stocks such as Tesla Inc (NASDAQ: TSLA), Apple Inc (NASDAQ: AAPL), and Amazon.com Inc (NASDAQ: AMZN), according to data from Yahoo Finance. Marathon Digital Shares Records Rising...

Trump’s recent sell-offs have triggered speculations that he may have lost interest in crypto and may be seeking to cash in on all of his holdings. Former president of the United States of America Donald Trump has sold no less than $2.4 million worth of Ethereum (ETH) over the past three weeks. That is according to a report by blockchain intelligence firm Arkham. The latest report follows after Trump reportedly made the third attempt to recharge his NFT trading card business. However,...

EOS price started a fresh increase above the $0.78 resistance against the US Dollar. The price is now trading above $0.80 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $0.855 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move up if it clears the $0.920 and $0.950 resistance levels. EOS price is rising above $0.800 against the US Dollar, like Bitcoin. The...

Litecoin is gaining pace above the $73.50 resistance against the US Dollar. LTC price is now trading above $74.00 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $72.50 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could gain bullish momentum if it clears the $76.80 and $78.00 resistance levels. Litecoin price is recovering from the $72.00 zone against the US Dollar,...

Tether, the company behind the popular stablecoin USDT, announced a significant milestone in its growth, with its market value reaching $91 billion. It was also revealed that over 2023, the firm has added approximately $4 billion in excess reserves to its stablecoin’s consolidated reserves, showcasing its commitment to stability and resilience in the volatile digital currency market. Tether’s Ardoino Reveals Company’s Growth and Plans The announcement was made by Tether’s...

XRP tokens, the native cryptocurrency for the cross-border Ripple Labs network, have traded sideways in a narrow band with support around $0.62 since mid-November. At the same time, SOL used the opportunity, surged by an impressive percentage, and surpassed XRP in terms of market cap ranking. Ripple’s Turn Next After Solana? But the XRP price tested at $0.68 once on Friday, Dec. 8, before falling back to support lines, and resistance was again tested at $0.64 on Christmas...