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Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.

XRP Hits $100 Billion Market Cap Amid Surging Trading Volume: What’s Next?
XRP Hits $100 Billion Market Cap Amid Surging Trading Volume: What’s Next?

XRP’s 16.23% rise signals strong bullish sentiment and growing market confidence. Surge in trading volume suggests heightened investor interest, fueling uptrend. Overbought conditions and key resistance levels hint at potential short-term pullback.

CoinEdition·2024/11/29 16:00
Former Facebook exec says Diem/Libra stablecoin fell victim to a 'political kill'
Former Facebook exec says Diem/Libra stablecoin fell victim to a 'political kill'

Quick Take A former Facebook executive detailed his experience of the downfall of the company’s blockchain and stablecoin project, originally called Libra and then rebranded to Diem, accusing politicians of killing the project. The executive, David Marcus, accused Treasury Secretary Janet Yellen of axing the project over political concerns. Many former Libra employees now work for Layer 1 blockchains Aptos and Sui.

The Block·2024/11/29 16:00
Here is Why SUI Could Reach $28 If Bitcoin Crosses the $100k Barrier
Here is Why SUI Could Reach $28 If Bitcoin Crosses the $100k Barrier

SUI hit an ATH of almost $4 this month. One analyst thinks it could 7X that soon.

CryptoNews·2024/11/29 15:22
Meme Coins on Solana: Saturated Supply and Limited Liquidity
Meme Coins on Solana: Saturated Supply and Limited Liquidity

The total market size and market share of Meme have been continuously growing, showing no obvious signs of stagnation. Undoubtedly, it is the fastest horse on the track.

Chaincatcher·2024/11/29 14:44
Ripple (XRP) Price Can Reach $2 If This Happens
Ripple (XRP) Price Can Reach $2 If This Happens

XRP price surged to 2018 highs, gaining 231% in 30 days. RSI and CMF signal bullish momentum, with $2 in sight if trends hold steady.

BeInCrypto·2024/11/29 11:30
Flash
  • 04:27
    Swarms founder: Autonomous hedge funds are coming soon, including proxy trading and other features
    Swarms founder Kye Gomez posted on X that the swarms autonomous hedge fund will be launched soon and announced its preview, including functions such as investing in DAOs, proxy trading, and profit distribution to members.
  • 04:26
    Bitcoin falls as AI industry turmoil drives gains, analysts say initial market reaction may be overdone
    DeepSeek’s success points to growing competition from China in artificial intelligence, heightening concerns about whether high valuations for U.S. tech stocks can last. The risk for the cryptocurrency industry is that such anxiety could dampen broader speculative enthusiasm and blunt the boost from Trump’s executive order supporting digital asset regulation. “While cryptocurrency markets remain closely tied to tech sentiment, periods of heightened volatility tend to be temporary and initial market reactions may be somewhat overdone,” Rick Maeda, a research analyst at Presto Research, wrote in a note to clients. Bitcoin’s 30-day correlation with the Nasdaq 100 is about 0.67, according to data compiled by Bloomberg. A reading of 1 indicates that assets move in sync, while a reading of -1 indicates an inverse correlation. Charlie Morris, chief investment officer at ByteTree Asset Management, believes that “it’s becoming increasingly difficult to distinguish between Bitcoin and Big Tech” given that the two companies have moved hand in hand. Despite the executive order and a pullback in the dollar index this year, “Bitcoin has also been unable to hit new highs,” he wrote in a note. Parts of the digital asset market have already been caught in a deep correction. An index tracking the top 100 digital assets has fallen more than 10% since the beginning of the year. (Bloomberg)
  • 04:26
    U.S. Senator Warren puts pressure on Commerce Secretary nominee Lutnick to explain his relationship with Tether
    On January 29, U.S. Democratic Senator Elizabeth Warren was pressuring Trump's nominee for Commerce Secretary Howard Lutnick to explain his and his company Cantor Fitzgerald LP's relationship with Tether, raising questions about possible conflicts of interest ahead of Lutnick's confirmation hearing on Wednesday. In a letter to Lutnick on Tuesday, Warren asked about his relationship with Tether Holdings Ltd., including the amount of investment he and Cantor Fitzgerald had made in the stablecoin issuer. She also asked Lutnick to detail any due diligence conducted and whether they had verified whether Tether complied with the "KYC" rules, international sanctions and anti-money laundering laws in the Bank Secrecy Act. Lutnick did not list Tether or any other cryptocurrency investments in his financial disclosure form, but listed assets worth at least $806 million and more than 800 legal entities in which he was involved. Cantor Fitzgerald holds shares in Tether and plays a role in its operations. Lutnick said in his ethics agreement that he would divest all of his holdings in Cantor Fitzgerald and its affiliates if approved by the U.S. Senate. In her letter, Warren questioned whether these measures were sufficient to avoid conflicts of interest, noting Lutnick’s status as a well-known backer of Tether and his relationship with Tether’s billionaire chief financial officer, Giancarlo Devasini. Tether said in a statement that it complies with KYC rules and voluntarily cooperates with law enforcement to prevent illegal behavior. Tether denies any ties to criminals and says it is working with law enforcement to freeze proceeds from illegal activity. In addition, Warren wants Lutnick, co-chair of the Trump transition team, to describe any discussions he has had with new administration officials about Tether. She also noted that Lutnick maintains a personal relationship with his company (his two sons work at Cantor Fitzgerald Group) and is concerned that Lutnick could continue to exert control after divesting his holdings. (Bloomberg)
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