The Federal Reserve’s September meeting minutes have diminished prospects for a 50 basis point rate cut in November, presenting a bearish outlook for Bitcoin. This comes after the market had already priced in expectations of a 50 bps cut following Fed Chair Jerome Powell’s dovish remarks after the September FOMC meeting. The September minutes are…
VanEck Ventures is launching a $30 million fund focused on early-stage companies in fintech, digital assets, and AI convergence. This move is expected to boost the overall crypto market, as venture capital plays a crucial role in driving growth and innovation in the space. Former Circle Ventures executives Wyatt Lonergan and Juan Lopez will lead…
The cryptocurrency market is showing a sluggish trend in the second week of October, with Bitcoin struggling to maintain levels above $65,000. While most major altcoins are experiencing similar uncertainty, EigenLayer (EIGEN) has bucked the trend, surging from $3.05 to $4, marking a 32% increase. This bullish turnaround could potentially extend to the $5 psychological…
Sam Altman’s AI-crypto venture Worldcoin faces mounting pressure as Alameda Research continues significant token sales. On-chain data Wednesday showed the market maker persisting in offloading the AI token, sparking investor concerns as WLD price dropped nearly 5% intraday. Crypto market observers are speculating on the token’s future given current market metrics and bearish sentiment from…
The recent filing for an XRP ETF by Canary Capital has ignited optimism in the cryptocurrency market, with experts weighing in on the potential approval chances for this investment vehicle. This development follows closely on the heels of Bitwise’s initial filing for a similar ETF in the United States. The timing is particularly noteworthy as…
MicroStrategy, the corporate giant holding the largest Bitcoin reserves, is experiencing a significant uptick on Wall Street. The company’s stock (MSTR) closed Tuesday at $192.20, a 6-month high, and appears poised for a major breakthrough above $200. If past trends hold, Bitcoin’s price may soon follow suit, potentially surging to $70,000 and beyond. Investors have…
Crypto.com Takes Legal Action Against SEC Over Crypto Regulations In a bold move, Crypto.com has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC), challenging what it sees as regulatory overreach in the cryptocurrency space. This legal action, initiated by Foris DAX Inc. (Crypto.com’s U.S. arm), is part of a broader industry pushback…
Brazil Reinstates X Platform After Legal Dispute Resolution In a significant development, Brazil has lifted the ban on Elon Musk’s social media platform X (formerly Twitter) following months of legal wrangling and the payment of a $5.5 million fine. The platform had been taken down due to non-compliance with court orders regarding hate speech and…
CATS Token Skyrockets 690% Amid Exchange Listings The meme coin CATS saw its price surge an astounding 690% earlier today, catching many crypto investors off guard. This cat-themed token, which operates on the TON blockchain, has been gaining traction as a competitor to other popular animal tokens like DOGE. While the massive price rally cooled…
The zero-knowledge rollup Scroll (SCR) achieved a significant milestone on Tuesday as crypto exchange Binance added it as its 60th launchpool project. This news sparked bullish sentiment around the token in the crypto market. Speculation is building about whether this high-profile listing on one of the top exchanges could drive SCR’s price higher in the…