Analysts at global research and brokerage firm Bernstein say bitcoin’s surge is fueled by Donald Trump’s rising chances in the 2024 election. They point to Microstrategy’s stock, soaring 191% this year, as a key signal of a looming market breakout. With Trump leading in key swing states, his election odds are igniting a stronger crypto […] Source: https://news.bitcoin.com/analysts-link-bitcoin-rally-to-trumps-election-odds-microstrategy-gains-set-stage-for-a-breakout/
Terminal of Truths, an AI spun up as a joke that received a substantial gift from Marc Andreessen, has shot to online fame after it pumped meme coin Goatseus Maximus (GOAT) by more than 8,000% in less than one week. Launched five days ago, the token has been turning over between $13 million and $77 million in daily trading volume,…
Ripple has announced that its new USD-denominated stablecoin, RLUSD, will be available globally through strategic partnerships with major platforms, including Uphold, Bitstamp, Bitso, Moonpay, Independent Reserve, Coinmena, and Bullish. Fully backed by U.S. dollar reserves, government bonds, and cash equivalents, RLUSD is positioned to enhance financial solutions while ensuring transparency and stability. Ripple Introduces RLUSD […] Source: https://news.bitcoin.com/ripple-reveals-exchanges-for-stablecoin-rlusd-launch/
Grayscale asked the SEC for permission to convert its $524 million fund tracking multiple cryptocurrencies — including Bitcoin, Ether and Solana — into an ETF. Source: https://cointelegraph.com/news/grayscale-seeks-conversion-multi-crypto-fund-to-etf?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Kraken’s customers can now restake their already-staked ETH on the Ethereum network and earn additional rewards through projects on the decentralized finance protocol EigenLayer. The new feature aims to broaden investor access to yield-bearing opportunities on-chain, making restaking “more accessible to a broader range of clients,” Kraken said in a statement on Tuesday. Kraken subsidiary Staked, an EigenLayer operator, has…
Banking giant Standard Chartered is predicting a sharp rise in bitcoin’s value, with forecasts suggesting it could approach its all-time high of $73,800 as the U.S. presidential election nears. Rising Treasury yields, growing interest in bitcoin ETFs, and Trump’s improving election odds are key factors driving this potential rally, supported by increasing institutional inflows and […] Source: https://news.bitcoin.com/pre-election-bitcoin-rally-standard-chartered-predicts-a-bleed-up-to-73800/
Join Regina as she explores SOL Arena, a new battle royale on the Solana network that combines the simplicity of Snake with the intensity of Web3 competition. Last Week’s Quick Recap Nifty Island is a decentralized metaverse and social platform where players can build, explore, and engage in a virtual world. It emphasizes land ownership […] Source: https://news.bitcoin.com/classic-games-meet-web3-snake-on-solana/
Bitcoin’s sharp rally has Bitwise CIO Matt Hougan rethinking how fast the crypto could skyrocket, as investors rush to position themselves ahead of the next big surge. “People don’t want to be left behind if and when crypto takes off,” he stressed. “There is a lot of dry powder on the sidelines.” He predicted: “As […] Source: https://news.bitcoin.com/we-go-higher-fast-bitwise-cio-predicts-bitcoin-breakout-as-investors-fear-being-left-behind/
Bitget Wallet, a non-custodial crypto wallet, has now surpassed 40 million users, achieving more than 100% growth since March 2024. In September alone, the app was downloaded nearly 6 million times, making it the second most downloaded cryptocurrency application globally, just behind Binance. Bitget Wallet Gains 6M Downloads in September Sparked by TON Engagement As […] Source: https://news.bitcoin.com/bitget-wallet-reaches-40-million-users-in-growing-web3-space/
Hunter Horsley, co-founder and CEO of Bitwise, a $4 billion crypto fund manager, believes that banks will accelerate the participation of many investors in the cryptocurrency market. Horsley predicted that in 12 months, the stance of many crypto adopters will change, declaring that banks will be regarded as “the best thing that ever happened to […] Source: https://news.bitcoin.com/bitwise-ceo-makes-startling-statement-on-the-symbiosis-between-banks-and-cryptocurrency/
