Crypto News

Trump wished a happy birthday to the anniversary of Bitcoin’s whitepaper and called on ending “Kamala’s war on crypto” Since Bitcoin’s initial days, its price has risen to over $72,000 and is accepted as legal tender in El Salvador Trump’s post comes less than a week before the US election results are in Former US President Donald Trump has sent well wishes celebrating the 16th anniversary of Bitcoin’s whitepaper. Posting on X , Trump said: “I would like to wish our great Bitcoiners a Happy 16th Anniversary of Satoshi’s White Paper,” adding: “We will end Kamala’s war on crypto & Bitcoin will be MADE IN THE USA! VOTE TRUMP! #Bitcoin #FreeRossDayOne.” On October 31, the mysterious creator of Bitcoin , Satoshi Nakamoto, released the whitepaper Bitcoin: A Peer-to-Peer Electronic Cash System , which would change how we view money. Detailing how the current financial system works, the author proposed introducing a new “electronic payment system based on cryptographic proof ins...

Tether (USDT) circulation surged to $120B, marking a 30% increase in 2024. Tether’s Bitcoin and gold holdings increased to $4.8B and $5B, respectively. Tether’s net equity doubled to $14.2B, while it faces ongoing legal challenges. Tether has announced a substantial increase in its Bitcoin and gold reserves, as detailed in its latest Q3 2024 Consolidated Financials Figures and Reserves Report . Tether’s Bitcoin holdings have reached an impressive $4.8 billion, while its gold reserves now stand at $5 billion, reflecting the company’s strategy to bolster its asset base amid rising global demand for its stablecoin, USDT. Circulation of USDT increases by 30% This quarter has been particularly notable for Tether , as the circulation of USDT has soared to a record $120 billion, marking a 30% increase in 2024. This surge adds $27.8 billion year-to-date and positions Tether’s market cap close to that of its competitor, Circle’s USDC, which currently stands at $35 billion according to ...

Florida has invested nearly $800 million in crypto, according to the state’s chief financial officer Jimmy Patronis. Patronis shared more about Florida’s crypto investment during an interview with CNBC on Thursday, Oct. 31, 2024. According to Patronis, crypto is here and its an opportunity that Florida is keen to harness. Florida holds approximately $800 million in cryptocurrencies, the state’s chief financial officer Jimmy Patronis says. The Florida CFO said this during an interview with CNBC’s Squawk Box on Thursday, October 31, 2024. According to Patronis, Florida’s move to add crypto investments to the state’s portfolio follows the understanding that crypto is here to stay. “Crypto’s not going anywhere,” Patronis told CNBC, adding “We’d be a fool if we’re not prepared to do everything we can to harness the opportunities there.” "Crypto's not going anywhere" says Florida CFO @JimmyPatronis on his push to invest Florida state pension funds into crypto. "...

Goatseus Maximus (GOAT) and Celestia (TIA) are facing significant price declines. Poodlana (POODL) offers a low entry price of $0.003221, attracting new investors. Poodlana raised $8 million in presale, indicating strong demand and growth potential. In the volatile world of cryptocurrency, investors are constantly searching for opportunities to recover from losses and capitalize on emerging trends. Recently, many have been looking toward Poodlana (POODL) , a Solana-based meme coin that is gaining traction as established cryptocurrencies like Celestia (TIA) and Goatseus Maximus (GOAT) face challenges. As these established coins face challenges, Poodlana offers an attractive alternative for investors hoping to regain their footing in the market. GOAT and Celestia face challenges Goatseus Maximus (GOAT), currently ranked at position 146 by market cap, has recently experienced a significant downturn. Currently priced at $0.5368 , GOAT has seen a decline of approximately 4.4% over...

Nishad Singh has been sentenced to time served and three years of supervised release. The judge noted Singh’s limited involvement compared to other FTX executives. Singh cooperated with prosecutors, aiding investigations into FTX’s collapse. Nishad Singh, the former engineering director of the collapsed cryptocurrency exchange FTX, was sentenced to time served and three years of supervised release on October 30, 2024, in a federal court in New York. This decision follows Singh’s guilty plea to six felony charges related to the misappropriation of user funds and campaign finance violations, which he entered in February 2023. During the sentencing hearing, Judge Lewis Kaplan acknowledged the gravity of the situation, stating, “This may have been one of the biggest crimes in American history,” while also noting that Singh’s involvement appeared to be limited compared to that of FTX’s founder Sam Bankman-Fried and former Alameda Research CEO Caroline Ellison. Singh expressed “overw...

MrBeast allegedly made $23 million from insider trading in crypto projects. He reportedly used 50 wallets to promote and dump tokens, misleading investors. Evidence includes a publicly shared Ethereum address linked to $13 million in trades. YouTube sensation MrBeast, known for his engaging content and 320 million subscribers, is facing serious allegations related to cryptocurrency trading. A group of blockchain investigators claims that MrBeast, whose real name is James Stephen “Jimmy” Donaldson, profited significantly from questionable crypto deals, including a staggering $23 million from what they describe as insider trading. MrBeast investigation by Loock.io According to findings from advisory firm Loock.io and blockchain analysts, MrBeast has allegedly operated across approximately 50 wallets, utilizing exchanges such as Binance and Gemini to trade various tokens. Notably, he reportedly promoted projects like SuperFarm—now known as SuperVerse—alongside fellow influencers...

NYSE Arca is seeking regulatory approval to list an ETF of the Grayscale Digital Large Cap Fund. Grayscale recently filed to have go ahead to convert the fund to a spot ETF. Securities exchange NYSE Arca is seeking regulatory approval to list a new crypto exchange-traded fund by Grayscale. The ETF aimed at would track the Grayscale Digital Large Cap Fund, which the GBTC issuer launched in 2018 and is not an exchange-traded fund at the moment. According to an Oct. 29 filing , the NYSE Arca wants to list the $565 million fund, which Grayscale recently sought approval to convert into a spot ETF. Grayscale’s application came on Oct. 16. The fund currently holds five spot crypto assets, including Bitcoin, Ethereum and Solana, with BTC weighted at 76.5%, ETH at 16.88% and SOL at 4.46% as of Oct. 29. Other digital assets in the Digital Large Cap Fund are Avalanche and XRP, weighted at 0.58% and 1.58% respectively. Recently, the US Securities and Exchange Commission (SEC) greenlighte...

BlackRock takes the lead reaching $30 billion in 293 days. JEPI took 1,272 days and Gold managed it in 1,790 days Spot Bitcoin ETFs could reach one million Bitcoin, surpassing Satoshi Nakamoto by mid-December BlackRock’s spot Bitcoin exchange-traded fund (ETF) has hit $30 billion in assets setting a new record of 293 days, showcasing rising interest in crypto investments. The milestone from BlackRock comes 10 months after the company launched its spot Bitcoin ETF in January . Then, it was reported that BlackRock had traded $7.5 million shares within the first 10 minutes of launching. Now, BlackRock holds more than 417,000 Bitcoin, valued at $30.4 billion , according to iShares data. Taking to X , Bloomberg analyst Eric Balchunas, said what BlackRock has achieved is an “all-time record,” adding “the old record was $JEPI which did it in 1,272 days. $GLD took 1,790 days. Unreal.” Also $IBIT has crossed the $30 billion mark in assets after monster flows and price appreciation ye...

PEPE becomes Japan’s first memecoin listed on BITPoint, enabling local trading. Vantard’s seed round enters Stage 3, raising $223,130. $VTARD token price has increased by 20% so far and it is expected to reach $0.00019 in the final stage. PEPE has made history by becoming the first memecoin to be listed on Japan’s BITPoint exchange. This groundbreaking move opens up new avenues for memecoin investors in Japan, allowing them to engage with this popular digital asset through various trading options. Meanwhile, Vantard , a decentralized index fund aimed at capitalizing on the explosive growth of memecoins, has entered Stage 3 of its seed funding round, creating a buzz among investors looking to ride the latest trend in cryptocurrency. PEPE becomes the first Memecoins to be listed by a Japanese exchange PEPE, inspired by the internet sensation Pepe the Frog, has quickly gained traction in the crypto world. On October 30, 2024, BITPoint, a prominent Tokyo-based crypto exchange, list...

Bitcoin (BTC) surges past $73,000, nearing its all-time high with strong investor interest. Bitcoin Dogs (0DOG), a new meme coin, could break out with its upcoming game launch. Analysts predict growth for Bitcoin Dogs, benefiting from Bitcoin’s bullish momentum. The spotlight is back on Bitcoin (BTC), which recently surged past $73,000, drawing both investor attention and market analysis. In tandem with this bullish trend, Bitcoin Dogs (0DOG) is positioning itself as a significant player in the crypto ecosystem. With its unique offerings and upcoming game launch, analysts are beginning to speculate on the potential for a breakout in the Bitcoin Dogs token, making it one of the most promising projects to watch in the coming months. Bitcoin (BTC) surges toward new all-time highs Bitcoin’s recent trading session has been nothing short of dramatic, as its price soared to a high of $73,562, just shy of its all-time high of $73,737 set in March. This impressive rally began late Mo...

Trump’s WLFI plans to launch a dollar-pegged stablecoin after raising $14M. The project faces challenges, with only 4.7% of its $300M token sale target met. Trump opposes a US CBDC and vows to outlaw government-issued stablecoins. Donald Trump’s World Liberty Financial (WLFI) is gearing up to enter the cryptocurrency market with plans to launch a stablecoin linked to the US dollar. Fresh off raising $14 million in initial funding, the venture aims to capitalize on the growing demand for stablecoins, which serve as stable parking spots for traders in the volatile crypto landscape. WLFI raised $14M and plans for a dollar-pegged stablecoin While the WLFI team is still developing the stablecoin and establishing safety protocols, sources indicate that bringing the project to fruition may take some time. However, should Trump regain the presidency, he would wield significant influence over the regulatory environment surrounding stablecoins, potentially reshaping the landscape for h...

Bitpanda is considering a potential IPO in Frankfurt, backed by Peter Thiel. The company reported €100 million in Q1 2024 revenue, rebounding from previous losses. Discussions are ongoing, with a possible timeline for the IPO set for 2025. Bitpanda GmbH, a Vienna-based trading platform, is reportedly considering a range of strategic moves, including a potential initial public offering (IPO) in Frankfurt. Backed by prominent investors such as billionaire Peter Thiel, Bitpanda is currently collaborating with banking giants Citigroup Inc. and JPMorgan Chase & Co. to explore its options, as revealed by sources familiar with the discussions. The possible Bitpanda IPO Established in 2014, Bitpanda has rapidly positioned itself as a leading trading platform in Europe. The company gained significant recognition in August 2021 when it was valued at $4.1 billion following a successful $263 million funding round. This round saw substantial investments from notable backers, including...

Robinhood now offers contracts for users to bet on the 2024 US election outcome. Eligible US citizens can buy “Yes” contracts and settle after the January certification. Competitors like Kalshi and Polymarket offer similar high-demand prediction markets. Robinhood, the popular investment app, has made a significant expansion into prediction markets by launching contracts that allow users to speculate on the 2024 US presidential election outcome. This move places Robinhood in direct competition with established prediction platforms like Kalshi and Polymarket, both of which offer similar political event contracts. The Robinhood US presidential election contracts As of this week, Robinhood Derivatives users can purchase “Yes” contracts that predict a chosen candidate will win the presidential election. Each contract’s value, determined by demand, can reach up to $1.00. If the prediction proves accurate, the contract holder will receive $1.00 after the US Congress certifies the el...

Bitcoin Dogs rose 30% in two weeks before paring gains. Bitcoin price is back above $68,000 after last week’s slip halted bulls’ momentum. With BTC regaining control above $68k, could this spark Bitcoin Dogs price? New upside momentum has pushed Bitcoin (BTC) above $68,500 following last week’s sharp decline that saw bears reject movement above $69,000. As BTC price refreshed recent gains at the time of writing, most altcoins were also positive. This includes many coins to recently see huge gains amid meme coin resurgence. The price of Bitcoin Dogs (0DOG) , which gained more than 30% in two weeks, hovered at a key level, notably with sellers still in action with a 5% dip in 24 hours. But can a surging Bitcoin spark new gains for 0DOG? Analysts see Bitcoin bull cycle intact Despite recent struggles below $70k, Bitcoin price remains largely on track for a major bull cycle. Analysts have pointed to BTC’s resilience above support levels near $65k as indicator a shakeout of weak h...

Hong Kong Stock Exchange has announced launch of a virtual asset index series. The stock exchange will collaborate with crypto data firm CCData to offer pricing data benchmark for Bitcoin and Ethereum in the Asian time zone. The Hong Kong Stock Exchange, the world’s sixth largest stock exchange, has announced the launch of a virtual asset index series. According to an announcement on Monday, Oct. 28, the index will go live on November 15, 2024 and will provide reliable benchmark price references for Bitcoin (BTC) and Ethereum (ETH) in the Asian time zone. It’s a solution to the issue of price differences witnessed for BTC, ETH and other digital assets on global exchanges, the HKEX Group said in a press release . Hong Kong’s growth as a crypto innovation hub Per details, the index is the first developed in Hong Kong to comply with EU Benchmark Regulation (BMR ). UK-based crypto data and index platform CCData will help to manage and calculate the benchmark. Peter Chan, chief e...

Solana (SOL) may see a 5% decline, slipping to around $160 amidst market volatility. Investors are considering Vantard (VTARD), a new meme coin currently in its presale stage. Vantard offers exposure to meme coins, appealing to traders seeking gains. With Solana price prediction indicating a potential decline of 5%, many SOL investors are turning their attention to emerging opportunities, particularly new cryptocurrencies in their presale stages. One such cryptocurrency in its presale stage is Vantard (VTARD), the first meme coin index fund, which aims to capitalize on the ‘memecoin supercycle.’ Solana price prediction signals a possible 5% slip As of the latest reports, the Solana price has slipped to approximately $170, down nearly 4% on the day. This decline comes despite an all-time high in economic activity on the Solana blockchain, suggesting that while the underlying technology is performing well, the price action is not following suit. Analysts warn that if the downw...

It’s been a busy week in crypto, from payments processor Stripe’s acquisition of stablecoin platform Bridge to Ripple’s co-founder donating $10 million in XRP to Kamala Harris’ US election campaign to the Pennsylvania House passing a bipartisan Bitcoin bill. Let’s take a closer look at these and give you a recap on what happened this week in crypto. Stripe acquires stablecoin platform Bridge for $1.1 billion Payment processor Stripe completed its acquisition of Bridge, a stablecoin platform, in a deal valued at $1.1 billion. The deal, which is the biggest for Stripe, and was valued at $70 billion in July, comes after John Collision, Stripe’s co-founder, announced in April that the company would “ start supporting global stablecoin payments this summer .” This deal is done. $1.1b https://t.co/J7ppK4uHw0 — Michael Arrington 🏴‍☠️ (@arrington) October 20, 2024 It also follows after the payment processor teamed up with Paxos to launch a stablecoin payments platform . The collab...

Tether in collaboration with the City of Lugano, has unveiled a statue of Satoshi Nakamoto. Bitcoin (BTC) creator Satoshi Nakamoto remains a mystery despite recent HBO documentary. Tether and the City of Lugano have unveiled a life-sized statue of Bitcoin (BTC) creator Satoshi Nakamoto. According to an announcement on Oct. 25, the statue presentation happened during the third annual Plan ₿ forum in Lugano. Plan ₿ is a joint project of USDT issuer Tether and the City of Lugano that aims at promoting Bitcoin and blockchain technology adoption in the city. Satoshi Nakamoto statue The Satoshi Nakamoto statue is at the Villa Ciani in Lugano and looks to present the BTC creator’s mystery and innovation, according to Tether’s news release . The statue honours Satoshi’s vision and legacy. Plan ₿ Initiative Unveils Satoshi Nakamoto Statue at 3rd Annual Plan ₿ Forum in Lugano Learn more: https://t.co/0FS9Cb6keD — Tether (@Tether_to) October 25, 2024 Emphasis on Satoshi’s mystery ...

Stuart Alderoty, Ripple’s chief legal officer, said “the SEC can’t submit new evidence or ask us to produce more” Ripple’s Form C requests that each issue is subjected to a de novo standard of review Ripple’s cross-appeal follows a week after the SEC filed its cross-appeal against a previous ruling that partially favored Ripple Ripple Labs has filed a Form C cross-appeal in the US Court of Appeals for the Second Circuit contesting issues in a ruling in its legal battle with the US Securities and Exchange Commission (SEC). Stuart Alderoty, Ripple’s chief legal officer, posted the news on X , adding “the SEC can’t submit new evidence or ask us to produce more.” Today, Ripple filed a Form C – listing the issues we plan to raise on our cross appeal. A few things to keep in mind as we move forward: The case is not about whether XRP, in and of itself, is a security. XRP is uniquely situated as having clarity (alongside BTC) in not being… https://t.co/AmFocAnbPx — Stuart Alderoty ...

Solana (SOL) price is above $170 as bulls target key level likely to see SOL push for a new all-time high. Investors quickly scooped up the pre-seed offering of Vantard (VTARD), the first meme index fund for top Solana meme coins. Upcoming meme coin supercycle has investors buzzing for Vantard’s seed sale on Oct. 24, 1 pm UTC. Vantard took the crypto market by storm this week, with its meme index fund selling out its pre-seed stage within hours of its launch. As savvy traders scooped the Vantard (VTARD) token that offers access to the opportunity to conquer with Solana’s top meme coins, most top 10 cryptocurrencies were struggling to hold onto gains seen this past week. Solana (SOL) , one of the last bull market’s top performing coins, was the only top 10 coin by market cap to trade in the green as its price hovered near $172. If crypto prices pick a fresh upside momentum, Solana could retest its year-to-date high above $210. The all-time peak of $259 is about 33% from current ...

Ripple CEO Brad Garlinghouse endorses John Deaton against Senator Elizabeth Warren. Deaton has strong pro-crypto advocacy; Warren criticizes him on various issues. Ripple supports Deaton’s campaign while also backing Kamala Harris’s candidacy. Ripple CEO Brad Garlinghouse has thrown his support behind Republican John Deaton in his bid to unseat incumbent Senator Elizabeth Warren in Massachusetts. Garlinghouse publicly endorsed Deaton in an October 22 post on X , saying he “enthusiastically and wholeheartedly” backs Deaton due to his work advocating for XRP holders and the broader crypto industry. Ripple supports Deaton against Warren Deaton, a well-known lawyer, has been a vocal supporter of cryptocurrency and is challenging Senator Warren, one of crypto’s most prominent critics. Garlinghouse’s endorsement came as no surprise to many, given Ripple’s substantial contributions to Deaton’s campaign despite also contributing $11 million in XRP to a political action committee suppo...

Peter Todd said he didn’t realize the HBO documentary was trying to unveil the identity of Bitcoin’s creator, but rather go into the history of the crypto asset Cullen Hoback, director of the documentary, claims that Todd is blowing things out of proportion saying his life is in danger after being named Nakamoto Peter Todd, a Bitcoin core developer, has gone into hiding over fears for his safety after an HBO documentary named him Bitcoin’s creator, Satoshi Nakamoto. Aired earlier this month and directed by Cullen Hoback, the “Money Electric: The Bitcoin Mystery,” examined Bitcoin’s early days and some of its key figures, one of which was Todd. Another was Blockstream founder Adam Back. During the documentary’s finale, when confronted with a question from Hoback, Todd said: “Yeah, I’m Satoshi Nakamoto .” Ahead of the documentary’s release, Todd denied he was Satoshi . Following the documentary’s release, Todd took to social media again to deny he was Satoshi after someone calle...

Billionaire Paul Tudor Jones is bullis on gold and Bitcoin. The hedge fund manager told CNBC in an interview that commodities are under-owned. Paul Tudor Jones says he is long the precious metal gold and digital asset Bitcoin (BTC) ahead of the US election and as inflationary pressures look to persist beyond the November vote. The billionaire hedge fund manager shared his investment strategy during an interview with CNBC’s Andrew Ross Sorkin on Oct. 22. Jones, the founder and chief investment officer of Tudor Investment, told Sorkin that his trading strategy is long gold and long bitcoin. "I'm long gold, I'm long bitcoin, I think commodities are so ridiculously under-owned so I'm long commodities," says @ptj_official . "I probably have some basket of gold, bitcoin, commodities and Nasdaq, something like that. And I own zero fixed income." pic.twitter.com/i152rZFlbs — Squawk Box (@SquawkCNBC) October 22, 2024 Bitcoin, gold According to the Tu...

River has announced a new feature dubbed, ‘Bitcoin Interest on Cash’ The product allows customers to get BTC for interest earned on their cash deposits. The US-based platform will offer a 3.8% interest on the cash deposits. User funds are FDIC-insured via its partnership with Lead Bank, the exchange said in a press release. River, a US-based Bitcoin exchange provider, has introduced a new feature that lets users earn interest in Bitcoin on their cash deposits. The new product is ‘Bitcoin Interest on Cash’, River revealed in an announcement on Tuesday. According to the company, the feature will allow customers to earn a 3.8% interest on their cash deposits. Introducing 3.8% Interest on Cash—Paid in Bitcoin! Stop letting your cash lose value to inflation, even in “high-yield” accounts. Unlock the predictability of dollars with the opportunity to build real wealth in Bitcoin. Only on River. pic.twitter.com/EDr7jpMAPC — River (@River) October 22, 2024 River partnership wi...