Markets

VanEck analysts correlate Trump’s predicted victory with a global backlash against what they term an “anti-growth agenda”. In a recent report, analysts at investment firm VanEck, Matthew Sigel and Patrick Bush, predicted that former US President Donald Trump’s likely return to the White House will spark a Bitcoin (BTC) rally, boosting its price to $100,000 by December 2024 atop a market capitalization of roughly $2 trillion. The analysts’ prediction comes on the heels of the recent...

Solana price started a downside correction from the $77.50 zone against the US Dollar. The price is now trading below $70.00 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $66.25 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair must stay above the $66.00 and $62.00 support levels to start another increase. Solana price is trading above $62 against the US Dollar, like Bitcoin. SOL...

Bitcoin price started a downside correction from the $45,000 zone against the US Dollar. The price is now trading below $43,000 and the 55 simple moving average (4 hours). There was a break below a major bullish trend line with support near $43,500 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it stays above the $40,450 support zone. Bitcoin price is correcting lower below $43,000 against the US Dollar....

Coinbase has announced the listing of SEAM, the governance token of Seamless Protocol, a decentralized lending and borrowing platform on Base layer 2 blockchain. This listing marks a significant milestone as SEAM becomes the first Base Layer 2 token featured on Coinbase. SEAM Token Lists on Coinbase In conjunction with the Coinbase listing, Seamless Protocol has unveiled plans for an airdrop of 400,000 SEAM tokens. Eligible recipients can expect to receive their SEAM tokens...

Bitcoin (BTC)’s appeal among investors is rising as both a store of value and a hedge against “the world going to hell,” according to Circle CEO Jeremy Allaire. During an interview with CNBC on Tuesday, the crypto exec outlined three catalysts that he believes are behind crypto’s latest rally – all of which are irrespective of macroeconomic factors. Building During The Bear According to Allaire, part of the rebound was already being staged during the depths of the bear market...

TL;DR Solana’s Price Increase: SOL’s price surged to nearly $75 recently, a peak last seen in May 2022, and currently stands at about $71. NFT Sales Volume Growth: Solana briefly outperformed Ethereum in NFT sales volume growth, with a significant 53% weekly increase. Bonk Inu’s Exceptional Performance: The Solana-based memecoin, Bonk Inu, saw a 400% rise in its price, outstripping other popular memecoins. SOL Performing Better Than ETH in This Aspect The sixth largest...

Major crypto exchange KuCoin has reportedly settled with New York authorities to stop offering its services in the local market, along with a payment of $22 million. The settlement deal comes months after the New York Attorney General (NYAG) sued KuCoin for selling unregistered securities to users in the state. KuCoin Leaves New York According to a report by Reuters, the $22 million payment comprises $5.3 million to the state of New York and $16.7 million worth of crypto...

Binance says it has agreed to a robust monitorship for its compliance and sanctions control programs. Popular crypto exchange Binance has revealed that it has made significant progress with regulators. This follows after its recent run-in with regulatory bodies such as the US Securities and Exchange Commission (SEC) and the (CFTC). In a Tuesday blog post, the exchange acknowledged that it may have done things a bit wrongly in the past. That is, it may have not considered how quickly it was...

As the SEC engages in detailed discussions with investment giants like BlackRock and Fidelity, the potential approval of a spot Bitcoin ETF seems to be moving closer to reality. The crypto market is abuzz following recent revelation that the Securities and Exchange Commission (SEC) engaged in discussions with major investment firms BlackRock Inc (NYSE: BLK) and Fidelity Investments, to iron out technical details for a potential spot Bitcoin Exchange-Traded Fund (ETF). Spot Bitcoin ETF and...

While Cathie Wood has been aggressively selling off her investments in crypto firms, she’s making fresh bets in the AI space acquiring shares of top tech companies like Microsoft and Meta. Cathie Wood’s Ark Invest has been doing massive capital rotation by offloading its crypto investments and eyeing a push into AI. Ark Invest executed its most substantial sale in over a year by divesting approximately $12.85 million in Grayscale Bitcoin Trust (GBTC) shares from its Next Generation...