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Recent on-chain data shows a sharp drop in the volume of large transactions, suggesting that whales, usually market movers, are lowering their exposure to SHIB. A seven-day high of 46 transactions on Aug. 9 was surpassed by just 39 large transactions over the previous day.
Bitcoin recently crossed the $100,000 mark for the first time, having skyrocketed nearly 140% this year. This surge has generated excitement, especially with the anticipation that President-elect Donald Trump will support cryptocurrencies. Trump has expressed his goal to make America the “crypto capital of the planet” and even proposed creating a national stockpile of Bitcoin.
Bitcoin has crossed the $100,000 mark for the first time, setting a historic milestone in its journey as a global financial asset. This landmark was fuelled by growing institutional interest and favourable regulatory developments, and has sparked discussions about whether the rally can sustain or if a pullback might follow.
Bitcoin has more than doubled in value since the start of 2024 and has risen by about 45% in the last four weeks following Donald Trump’s US election victory.
Former CEO of OKX, Jay Hao, will be joining CIFDAQ, an AI-powered blockchain ecosystem company, as the global Chief Operation Officer (COO) on Thursday. Before taking helm of the affairs, he had a free wheeling discussion with The Crypto Times reporter Gopal Solanky and shared some exclusive insights regarding the recent WazirX hack of Rs 2000 crore and what the web 3.0 industry can learn from the experience.
BTC is the world’s largest cryptocurrency, with a market capitalization of $2.03 trillion. It skyrocketed immediately after Donald Trump won the U.S. presidential election on Nov. 5, 2024, and has continued rising since then, surpassing its previous highs multiple times. As of Dec. 5, 2024, Bitcoin has surpassed its prior highs and hit an all-time high of $103,900.
Ripple is set to launch its USD-backed stablecoin, RLUSD, on December 17, 2024. The stablecoin will initially be available on platforms like Uphold, MoonPay, CoinMENA, Bitso, and Archax, with plans to expand to more exchanges in the future. RLUSD is backed by U.S. dollar deposits, U.S. government bonds, and cash equivalents, offering transparency through monthly third-party audits of its reserves.
🚀 CryptoPunks: The Blueprint of NFTs 🎨💎
Long before Bored Apes, Pudgy Penguins, and Azukis, there were CryptoPunks—the first-ever Ethereum NFTs, launched in 2017 by Larva Labs. These pixelated avatars became the foundation of today’s NFT culture.
Curious about how staking can boost your crypto earnings? 🤔💸 Have you considered locking your tokens for rewards yet?
