Bitcoin witnessed a sharp sell-off on Monday, with the asset’s single-day performance giving up more than half of the gains made last week. The world’s largest crypto fell 4.8% on the day to just above $93,000, with Monday’s drop totaling more than $4,800. For context, that’s more than 55% of last week’s $8,100 runup. Still, analysts say the move is…
To kick things off, Ripple’s XRP Ledge will tokenize asset manager asset manager abrdn’s $4.77 billion US dollar Liquidity Fund. Source: https://cointelegraph.com/news/ripple-launched-first-tokenized-money-market-fund-on-xrp-ledger?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Publicly-listed Rumble Inc, a video-sharing and cloud services provider, announced Monday its board has approved a strategy to allocate up to $20 million of its cash reserves into Bitcoin. Its move aligns with a growing trend of corporate Bitcoin adoption championed by firms like MicroStrategy and Metaplanet Holdings. The Nasdaq-listed company’s said its diversification strategy underscores its belief in Bitcoin…
A new Jupiter DAO governance proposal created by Meow, the pseudonymous co-founder of the Solana decentralized exchange (DEX) and token launchpad, seeks a 70% “yes” vote to airdrop 700 million JUP tokens to the community in January—as well as another 700 million JUP tokens sometime after that. All told, that’s nearly $1.5 billion worth of JUP at the current price.…
Bitcoin (BTC-USD), the world’s first cryptocurrency, has captured global attention with record-breaking valuations. After doubling in value during 2024, Bitcoin is now trading near $100,000, sparking interest among investors. But is Bitcoin right for your portfolio? This article explores Bitcoin investment basics, from how it works to its benefits and risks. What Is Bitcoin? Bitcoin is a decentralized digital currency…
Digital asset investment products have achieved a historic milestone, according to Coinshares’ weekly report penned by research analyst James Butterfill. The findings highlight an unprecedented $3.13 billion in weekly inflows, signaling an amplified attraction toward these offerings. Bitcoin Leads the Charge with $3 Billion Inflows According to Coinshares’ research, bitcoin (BTC) emerged as the undisputed […] Source: https://news.bitcoin.com/coinshares-record-inflows-showcase-growing-interest-in-digital-asset-investment-vehicles/
Long liquidations and profit-taking from long-term Bitcoin holders are the primary factors in today’s sell-off. When will the dip buyers show up? Source: https://cointelegraph.com/news/bitcoin-price-slips-to-93-5-k-as-liquidations-soar-and-long-term-btc-holders-take-profit?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Open interest on Dogecoin options topped $4 billion over the weekend—the highest mark ever for the top meme coin. On Saturday, crypto futures traders had $4.06 billion worth of bets on the meme coin, CoinGlass data shows. That’s a new high for the asset. The figure has since dipped to $3.6 billion, as of Monday. Of that number, the majority…
Another amended filing signals continued progress toward bringing a diversified cryptocurrency index fund to US exchanges. Source: https://cointelegraph.com/news/hashdex-amends-s-1-nasdaq-crypto-index-us-etf?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
World Liberty Financial, a decentralized finance (DeFi) project spearheaded by President-elect Donald Trump, has garnered significant attention following a $30 million investment by crypto entrepreneur Justin Sun. This makes Sun the largest investor in the blockchain-focused initiative, which aims to democratize access to financial services. Sun, founder of Tron (TRX-USD), announced his investment on X (formerly Twitter), emphasizing the U.S.’s…
