Markets

It’s been a rollercoaster of a day for Bitcoin. Its price reached a historic all-time high above $100,000 earlier, followed by a plunge toward $98,000 moments ago. As CryptoPotato reported earlier, the move above $100K followed Donald Trump’s decision to make Paul Atkins the new Chairman of the United States Securities and Exchange Commission. In the words of the President-elect himself: “Paul is a proven leader for common sense regulations. He believes in the promise of...

A new cat-themed meme coin is taking the crypto market by storm. Catslap (SLAP) will start trading on the MEXC exchange this Friday – just over two weeks after it was created. Some traders are now drawing comparisons to Popcat (POPCAT), which saw explosive gains after it listed on MEXC earlier this year. Catslap Launches on MEXC This Friday with $50,000 Airdrop Up for Grabs MEXC has earned its spot as a go-to exchange for new meme coins, now ranking as the 10th biggest crypto...

It finally happened – Bitcoin has broken past the $100,000 mark. Crypto investors are going wild over this milestone, and many believe BTC’s momentum is just getting started. However, some are already looking towards the altcoin market. And with XRP, RENDER, and STARS beginning to gain traction, these coins could be next in line for explosive moves higher. Bitcoin Surges Past $100,000 – Could the Rally Continue? Bitcoin hit $100,000 late last night and is now hovering around...

Circle Internet Financial Ltd., the company behind the second-largest stablecoin in the cryptocurrency market USDC, announced layoffs following a routine operational assessment. According to the Bloomberg report, the job cuts impact under 6% of the workforce. Despite these reductions, the firm said that it remains committed to expanding geographically and improving efficiency and productivity through artificial intelligence (AI). In June, Circle reported employing 882...

The world’s largest crypto exchange has announced the launch of an on-chain yield feature on its Binance Earn platform. According to an official release sent to CryptoPotato, Binance On-chain Yields will enable users to participate in on-chain protocols and earn rewards using their accounts on the crypto exchange. Binance Announces On-chain Yields With Babylon The new Binance feature will be kickstarted with the Babylon Bitcoin Staking product on December 10 at 10:00 UTC;...

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...