Markets

Bitcoin’s (BTC) 7% surge above $100,000 in the past 24 hours has ignited a massive reaction in the crypto community. Market experts and analysts are discussing factors that led to the historic move and speculating about how high bitcoin can go, given the current state of the market. CryptoPotato received remarks from analysts at the crypto exchange Bitfinex and the on-chain analytics platform Nansen. Additionally, founders of traditional finance firms heavily invested in the...

The crypto market is at a fever pitch right now as numerous large-cap altcoins add 30-40% gains in a single day. However, excitement is even stronger among new market emergents, such as Catslap ($SLAP), which rallied by 120% in 24 hours. But it might just be getting started. Despite a market cap of only $33 million, the trending meme coin just received an investment from Jump Trading, one of crypto’s most respected trading firms – now worth $900,000. Jump Trading $900K...

The next big thing in crypto is utility coins, according to one veteran analyst. In a Twitter post earlier this week, Toray Kortan pointed out how these coins could be about to pump. And his prediction seems spot-on: Best Wallet (BEST), a fast-growing crypto wallet project, has now raised over $2 million during its ICO. Top Analyst Says Utility Coins Set to Dominate Crypto Market Kortan, known for his accurate market calls and Twitter following of over 59,000 people, says big...

Prominent Bitcoin mining pool Foundry Digital reportedly slashed 27% of its workforce this week. The layoffs, which affected 74 employees, reflect a strategic shift to prioritize core operations, including its Bitcoin mining pool and site operations. This decision follows an internal restructuring within the Digital Currency Group (DCG), Foundry’s parent company. CEO Mike Coyler stated that the firm is focusing on its core business lines to strengthen its market position. As...

Alex Mashinsky, the former CEO of cryptocurrency lender Celsius, has pleaded guilty to one count of commodities fraud and one count of securities fraud. Together, these charges carry a maximum prison sentence of 30 years. Mashinsky’s Guilty Plea Mashinsky was initially indicted in July 2023 on seven charges, including fraud, conspiracy, and market manipulation related to Celsius’ token, CEL. During a Tuesday hearing before U.S. District Judge John Koeltl, he admitted to...

While Bitcoin struggles to hit the coveted $100k threshold, several altcoins have taken the charge to post impressive rallies. One such is Binance Coin (BNB), which has soared to a new all-time high six months later. In just the past 24 hours, BNB has surged by over 22%, reaching a record high of $793 on CoinMarketCap. This remarkable rise brings its year-to-date gains to nearly 200%. As of December 4, BNB has surpassed Solana (SOL) in market capitalization, securing its...

“Coinbase just locked my account after trying to send $25,000 USDC,” reported Ethereum developer Eric Connor on Dec. 3. “Wasn’t Brian Armstrong just talking about debanking? Very cool!” he quipped. He added that the notification was “completely useless” as both paths to unlock the account required him to sign in, which he couldn’t do. “Service agent on the phone also completely useless,” he added. Coinbase just locked my account after trying to send $25k USDC Wasn’t...

[PRESS RELEASE – New York, United States, December 3rd, 2024] Perennial announced the launch of Perennial Intents, a unique intents layer for perpetual futures, designed to unify DeFi’s fragmented liquidity landscape and deliver a centralized exchange trading experience on-chain. By sourcing liquidity from on-chain and off-chain venues, Perennial Intents is delivering deeper markets, better prices, and a unified trading experience designed to move DeFi forward. Tackling...

Coinbase CEO Brian Armstrong announced a bold stance against law firms hiring individuals associated with what he views as ethically questionable actions during the SEC’s “soon-to-be prior administration.” Armstrong revealed that the crypto exchange has already informed its legal partners that employing such individuals would result in the termination of their professional relationship with the company. Coinbase Cuts Ties with Milbank In a post on X, Armstrong revealed that...

Bitcoin (BTC) currently ranges between $94,000 and $96,000, but on-chain signals suggest the cryptocurrency is on the verge of a massive breakout. Data from blockchain analytics platform CryptoQuant indicates that BTC could witness a sharp and significant uptick within the next one to two months. According to a report by pseudonymous digital asset analyst Crypto Dan, a signal usually seen once or twice in each bull market has just appeared. It indicates that BTC could...