JUST IN: 🇷🇺 Russia’s President Putin says Bitcoin & di…..
JUST IN: 🇷🇺 Russia’s President Putin says Bitcoin & digital assets will continue to develop. @WatcherGuru Forwarded from: Watcher Guru Forwarded from Telegram. NFA! DYOR!
Category: Telegram Forwarded
Posts forwarded from Telegram
JUST IN: Coinbase now allows users to purchase cryptocurrenc…..
JUST IN: Coinbase now allows users to purchase cryptocurrency with Apple Pay. 📰 Full Story @WatcherGurunnForwarded from: Watcher GurunnForwarded from Telegram. NFA! DYOR!
JUST IN: 🇺🇸 US Government moves 10,000 Bitcoin worth $…..
JUST IN: 🇺🇸 US Government moves 10,000 Bitcoin worth $963 million to Coinbase. Is the government preparing to sell? @WatcherGurunnForwarded from: Watcher GurunnForwarded from Telegram. NFA! DYOR!
7 Today’s Crypto News Analysis : Crypto Surge, Legal Wins, and Innovations
This week in cryptocurrency brought significant advancements, regulatory shifts, and bullish trends. Here’s an in-depth look at the top stories, their implications, and an overview of what investors can learn from these events. 1. Will Polkadot Price Continue to Rally Following 100% Surge? Polkadot (DOT), one of the leading multi-chain blockchain platforms, has experienced a massive 100% rally over the past month. The token’s price broke past the $8 resistance level, reflecting robust bullish momentum. Analysts attribute this surge to increased network activity, stronger ecosystem developments, and overall market optimism. Over the past 24 hours alone, DOT climbed 35.65%, hitting a high of $8.53. Despite this rally, technical indicators such as the Relative Strength Index (RSI) suggest that DOT is entering overbought territory, often a precursor to short-term price corrections. Analysts predict that a successful breach of the $10 psychological barrier could propel DOT toward the next target of $12.60. However, traders are advised to proceed cautiously, as the current price levels may also attract profit-taking, potentially triggering temporary pullbacks. Polkadot’s recent growth highlights its increasing utility as a scalable and interoperable blockchain platform. Its innovative parachain auctions and ongoing developer support remain key drivers of long-term adoption. DOT’s market capitalization currently stands at $13.14 billion, underscoring its position as a significant player in the cryptocurrency landscape. Market Implications: Polkadot’s breakout could signal sustained investor confidence in scalable blockchain platforms. A break above $10 might ignite further enthusiasm, while a short-term correction would provide buying opportunities for long-term investors. 2. Ripple Provided the Blueprint to Defeat Gary Gensler: Stuart Alderoty Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC) has become a landmark case for the cryptocurrency industry. In a recent interview, Stuart Alderoty, Ripple’s Chief Legal Officer, credited the company’s leadership for standing firm during the lawsuit. Ripple’s partial legal victory in 2023, where the court ruled that XRP was not a security for secondary market sales, has been widely hailed as a precedent for the entire sector. The announcement of SEC Chair Gary Gensler’s resignation, effective January 2025, adds another dimension to this story. Alderoty emphasized that Ripple’s approach has demonstrated how crypto firms can successfully challenge regulatory overreach. Looking forward, he called on incoming SEC leadership to halt non-fraud-related litigation and focus on collaborative policymaking. Ripple CEO Brad Garlinghouse also expressed optimism about the industry’s future under a more balanced regulatory framework. The unwavering support of the XRP community during the lawsuit further solidifies Ripple’s position as a leader in the blockchain ecosystem. Market Implications: Ripple’s legal success is likely to embolden other crypto firms facing regulatory scrutiny. XRP’s recent 40% price rally reflects market optimism about Ripple’s growing influence and its potential to lead policy discussions. 3. US PCE, FOMC Minutes, & Crypto Expiry in Focus: Brace for Market Impact The crypto market is bracing for a volatile week as several macroeconomic events converge. The U.S. Personal Consumption Expenditures (PCE) report, a key measure of inflation, is scheduled for release on November 27. Analysts expect a 0.2% monthly increase and a year-over-year rise to 2.3% for October. Additionally, the Federal Open Market Committee (FOMC) meeting minutes will offer insights into the Federal Reserve’s monetary policy stance. Adding to the tension is the expiration of cryptocurrency options worth over $10 billion on November 29. This is one of the largest expiries in recent months and could significantly impact Bitcoin and Ethereum prices. Such events often trigger price volatility as traders adjust their positions to hedge against losses or capitalize on market opportunities. Market Implications: Investors should anticipate price swings across major cryptocurrencies. While favorable inflation data could stabilize markets, unexpected outcomes may lead to sharp corrections or rallies, creating both risks and opportunities. 4. Crypto Market This Week: BTC Continues to Soar, Ripple’s XRP Bullish Bitcoin (BTC) has been on an incredible run, nearing the $100,000 milestone after a 10% weekly increase. This rally reflects growing institutional interest, with significant investments announced by firms like Hoth Therapeutics. Additionally, Bitcoin miner MARA completed a $1 billion private offering, partially allocated for BTC acquisitions. Ripple’s XRP also had a stellar week, gaining 40% due to whale activity and optimism surrounding its legal resolution. Analyst Peter Brandt has suggested that XRP may enter a parabolic rally, targeting higher price levels. Ripple CEO Brad Garlinghouse’s comments about the SEC leadership transition further fueled positive sentiment. Market Implications: Bitcoin’s potential to break $100,000 serves as a psychological trigger for new investments, while XRP’s performance highlights renewed investor interest in altcoins. 5. Bitcoin Price and Satoshimeter: Analyst Suggests That $100,000 Is Well Below the Maximum Bitcoin’s recent highs have sparked predictions of even greater growth. The Satoshimeter, a technical tool analyzing market cycles, suggests BTC is far from its peak. Current readings indicate room for further growth, with projections as high as $120,000 in early 2025 and $1 million by the end of that year. Despite these bullish forecasts, short-term risks remain. Indicators like the Market Value to Realized Value (MVRV) ratio suggest Bitcoin may be nearing an overheated zone, potentially prompting temporary pullbacks before the next rally. Market Implications: Bitcoin’s long-term potential is a beacon for institutional and retail investors alike. However, managing short-term corrections is crucial for maximizing gains. 6. Cardano Hydra Unveils Gamified Test Campaign, ADA Price Reacts Cardano’s Hydra team demonstrated its scalability through a gamified stress test, running the game DOOM on its layer-2 solution. This experiment uses Hydra Heads to validate each frame of the game, proving the system’s ability to handle high-throughput and low-latency applications. This announcement coincided with a rise in ADA’s price, reflecting investor confidence in Cardano’s scalability and its appeal for future decentralized applications. Market Implications: Hydra’s success strengthens Cardano’s position as a top blockchain platform, boosting ADA’s long-term prospects. 7. UK Readies Crypto Regulations for Early 2025 The UK is set to unveil comprehensive crypto regulations by early 2025, focusing on stablecoins and staking services. Officials aim to classify staking as a technology
JUST IN: Michael Saylor’s MicroStrategy has over $3 billion …..
JUST IN: Michael Saylor’s MicroStrategy has over $3 billion to purchase more Bitcoin. @WatcherGurunnForwarded from: Watcher GurunnForwarded from Telegram. NFA! DYOR!
8 Major Crypto Market Shifts: Institutional Moves, Price Surges, and Regulatory Transformations
The cryptocurrency market is undergoing significant changes, driven by institutional investments, regulatory developments, and asset performance milestones. Key players like Allianz are adopting indirect Bitcoin exposure, while regulatory changes, such as SEC leadership shifts, are influencing market sentiment. Additionally, price movements in major assets like Bitcoin, XRP, and Dogecoin reflect growing optimism about crypto’s future. Below is a detailed analysis of each development and its potential impact on the market. 1. Allianz Invests in Bitcoin Through MicroStrategy Notes Allianz, one of the world’s largest insurance firms, has chosen to invest in Bitcoin indirectly through MicroStrategy’s convertible notes. This strategy allows Allianz to gain exposure to Bitcoin’s price performance without the complexities of direct ownership, such as custody and regulatory compliance. By leveraging MicroStrategy’s Bitcoin-focused treasury strategy, Allianz positions itself to benefit from the cryptocurrency’s growth while managing associated risks. This move aligns with a broader trend of institutional adoption, where legacy financial institutions are finding innovative ways to integrate Bitcoin into their portfolios. Convertible notes offer the advantage of potential upside with reduced exposure to crypto’s volatility, making them appealing to risk-averse investors. Market Impact: Allianz’s involvement signals growing confidence in Bitcoin as a reliable store of value, potentially encouraging more traditional institutions to explore similar indirect approaches. This could lead to increased adoption of Bitcoin-related financial products and a more diverse investor base. 2. Brian Armstrong Gains Support from Charles Hoskinson Coinbase CEO Brian Armstrong has received public support from Cardano’s Charles Hoskinson for a leading role in shaping the crypto industry’s regulatory future. Armstrong’s leadership at Coinbase has been instrumental in advocating for clearer regulations, particularly in the U.S., where crypto companies face mounting scrutiny. Hoskinson’s endorsement underscores the need for unified representation to address regulatory challenges and foster innovation in the blockchain space. Armstrong’s proactive approach, including Coinbase’s legal battles with the SEC, positions him as a strong candidate to lead industry-wide initiatives. His efforts to engage policymakers and build a dialogue between regulators and the crypto community could help bridge the gap between compliance and innovation. Market Impact: Armstrong’s potential leadership could strengthen the industry’s credibility and influence on regulatory decisions, fostering a more cooperative environment for businesses and investors alike. 3. XRP Surges 19.6% in CoinDesk 20 Index XRP has emerged as one of the top performers in the CoinDesk 20 index, with a 19.6% price surge reflecting renewed investor optimism. This rally comes amid speculation about favorable outcomes in Ripple’s legal battle with the SEC and growing adoption of XRP for cross-border payments. The CoinDesk 20 index, which tracks the top digital assets, has seen broader gains, but XRP’s performance stands out due to its potential for regulatory clarity. As Ripple continues to expand its partnerships and use cases, investor confidence in XRP’s long-term prospects appears to be growing. Market Impact: Legal clarity and adoption remain key drivers of XRP’s market performance, with its rally reinforcing the importance of external factors like regulatory decisions in shaping asset trajectories. 4. AI Funds Predict Bitcoin at $140K A trio of AI systems managing a $30M investment fund has forecasted that Bitcoin could reach $140,000. The AIs based this prediction on macroeconomic conditions, historical price trends, and increasing institutional interest. Their analysis highlights Bitcoin’s limited supply and its status as a digital store of value as key drivers of this potential growth. While AI-driven forecasts are increasingly influential, they also come with limitations, as they cannot account for unpredictable factors like regulatory shifts or market sentiment changes. Still, such predictions often resonate with tech-savvy investors and contribute to bullish market sentiment. Market Impact: AI forecasts reinforce long-term optimism for Bitcoin but also emphasize the need for caution, as external factors can easily disrupt even well-modeled projections. 5. Dogecoin Rallies on Elon Musk’s X Payments Speculation Dogecoin’s price spiked following Elon Musk’s cryptic tweet, fueling speculation about its integration into X (formerly Twitter) as a payment option. Musk’s influence on Dogecoin remains significant, with his tweets often driving market activity. Speculation is centered on Musk’s ongoing efforts to incorporate payments into X, with Dogecoin being a potential candidate due to its popularity and association with him. Although the excitement around Dogecoin’s use case is high, the lack of concrete announcements means that such rallies are speculative and subject to rapid reversals. However, they highlight Dogecoin’s unique position as a meme-based asset with real-world potential. Market Impact: Musk’s endorsement continues to spotlight Dogecoin, driving short-term price movements while keeping it relevant in broader payment system discussions. 6. Trump Taps Scott Bessent for Treasury Secretary Former President Donald Trump’s consideration of Scott Bessent, a pro-crypto hedge fund manager, for Treasury Secretary signals a shift toward a more progressive approach to digital finance. Bessent’s views on blockchain innovation and cryptocurrency adoption could shape U.S. financial policies to align with global trends in digital assets. If appointed, Bessent may advocate for clearer regulatory frameworks and greater government engagement with the crypto industry. His leadership could help resolve regulatory ambiguity and foster innovation, attracting more blockchain businesses to the U.S. Market Impact: A crypto-friendly Treasury Secretary could significantly impact U.S. blockchain policy, boosting confidence and innovation in the domestic market. 7. SEC Leadership Changes Loom A Democratic SEC commissioner’s impending resignation could leave the agency under Republican control by February. This shift could result in a more crypto-friendly regulatory stance, as Republicans have generally been less enforcement-focused and more open to industry collaboration. A Republican-majority SEC might prioritize clarity and innovation, potentially approving long-delayed initiatives like Bitcoin ETFs and stablecoin regulations. However, the transition could also delay decisions during the adjustment period. Market Impact: The leadership shift could foster a better regulatory environment for crypto, with potential benefits for innovation, adoption, and investor confidence. 8. XRP Hits 3-Year High Amid SEC Optimism XRP’s price has reached a 3-year high, driven by speculation that the SEC’s leadership changes could lead to a favorable resolution in Ripple’s legal case. A positive outcome could boost XRP’s adoption for cross-border payments and strengthen its position in
Today’s 6 Major Crypto Updates: Gensler’s Exit, Schwab’s Crypto Plans, Solana ETF Race, and More
Recent events in the cryptocurrency space have highlighted significant developments in regulation, institutional adoption, and market dynamics. Here’s a detailed analysis of six key updates shaping the future of digital assets. 1. Gary Gensler to Step Down Amid Regulatory Uncertainty Gary Gensler, the SEC Chair, has announced his resignation effective January 20, 2025, aligning with President-elect Donald Trump’s inauguration. Known for his strict stance on crypto regulation, Gensler’s tenure included aggressive enforcement actions against major exchanges. His resignation is widely seen as an opportunity for a more lenient regulatory environment. Under Gensler, the SEC pursued what some labeled as overreach, drawing comparisons to the “Wild West” in crypto enforcement. While many in the industry viewed his policies as stifling innovation, others saw them as necessary for investor protection. With Bitcoin nearing $100,000, the market anticipates a shift under new SEC leadership, possibly fostering a more favorable environment for digital assets. Impact: Gensler’s departure could bring regulatory clarity and potentially spur innovation within the U.S. crypto market. 2. Charles Schwab to Introduce Direct Crypto Trading Charles Schwab, a leading brokerage firm, has announced plans to offer direct cryptocurrency trading to its clients. Incoming CEO Richard Wurster emphasized the importance of aligning with regulatory standards and ensuring high security. Currently, Schwab provides indirect exposure to crypto via Bitcoin futures and funds. This move reflects a growing trend among traditional financial institutions embracing digital assets. Schwab’s decision to integrate crypto trading is expected to simplify access for investors, both retail and institutional, and enhance the legitimacy of cryptocurrencies as mainstream investments. Impact: Schwab’s direct crypto offering could accelerate mainstream adoption, encouraging other financial institutions to follow suit. 3. Bitwise Joins the Race for a Solana ETF Bitwise Asset Management has filed for a Solana ETF, joining other asset managers in competing to launch ETFs tied to the blockchain. This application highlights the rising demand for altcoin ETFs following the success of Bitcoin and Ethereum-focused ETFs. While the Solana ETF represents growing institutional interest in diversifying crypto investments, its approval remains uncertain due to ongoing regulatory scrutiny. The SEC’s stance on such products may hinge on political shifts following the 2024 U.S. presidential election. Impact: The Solana ETF race signifies increasing recognition of altcoins, but regulatory hurdles will dictate the pace of adoption. 4. MicroStrategy Faces Stock Decline Amid Bitcoin Surge MicroStrategy, renowned for its significant Bitcoin holdings, saw its stock drop 16%, even as Bitcoin neared $100,000. The decline followed Citron Research’s announcement of a short position against the company, citing concerns over its valuation and detachment from Bitcoin fundamentals. Despite this, MicroStrategy continues to pursue aggressive Bitcoin acquisitions. It recently raised $3 billion via stock and convertible debt sales, signaling confidence in its Bitcoin-centric strategy. However, investors remain cautious about the firm’s dependency on Bitcoin’s price movements. Impact: MicroStrategy’s volatility underscores the risks of Bitcoin-focused strategies, especially as accessible Bitcoin ETFs become more appealing. 5. SEC Loses Lawsuit Over Expanded Dealer Definition A Texas federal court has struck down the SEC’s attempt to broaden the “dealer” definition to include certain crypto activities. The court ruled that the SEC exceeded its authority, marking a significant setback for the regulator’s efforts to oversee the crypto sector. This ruling followed legal challenges by industry groups who argued that the SEC’s expanded definition imposed excessive burdens on the market. The decision may force the SEC to reconsider its approach, potentially leading to more targeted and industry-friendly regulations. Impact: The court’s decision could limit the SEC’s influence over crypto markets, encouraging more innovation and investment. 6. Bitcoin Nears $100,000 Amid Market Optimism Bitcoin continues its remarkable ascent, approaching the $100,000 milestone. This surge is fueled by optimism surrounding potential regulatory changes and growing adoption by institutions like Schwab. As Bitcoin dominates headlines, altcoins like Solana are also seeing increased investor interest, with ETFs potentially opening new investment avenues. However, market experts caution against overexuberance, urging investors to focus on long-term fundamentals. Impact: Bitcoin’s rally reinforces its status as the leading digital asset, while altcoins and ETFs are gaining momentum in its shadow. Final Thoughts These six updates underscore the dynamic nature of the cryptocurrency market, where regulatory shifts, institutional moves, and market performance intersect. Gary Gensler’s resignation and the court ruling against the SEC highlight the regulatory challenges ahead, while institutional interest from Charles Schwab and ETF races signal growing mainstream acceptance. The crypto industry stands at a pivotal moment, poised for both innovation and scrutiny. Investors and stakeholders must navigate these developments carefully as they shape the future of digital assets. Key Takeaways 1. Regulatory Changes on the Horizon: Gary Gensler’s resignation and the SEC’s court loss on the dealer definition indicate potential shifts toward a more favorable regulatory environment for cryptocurrencies in the U.S. 2. Institutional Adoption Accelerates: Charles Schwab’s move to introduce direct crypto trading reflects growing interest from traditional financial institutions, signaling further legitimization of digital assets. 3. Altcoin ETFs on the Rise: The Solana ETF race highlights increasing institutional demand for altcoin investment products, although regulatory approval remains uncertain. 4. Bitcoin’s Market Leadership: Bitcoin’s surge toward $100,000 showcases its resilience and dominance, while altcoins like Solana gain traction in its wake. 5. MicroStrategy’s Volatility: The firm’s stock drop highlights the risks of aggressive Bitcoin-focused strategies, especially as ETFs provide easier access to Bitcoin for investors. 6. Legal Pushback Against the SEC: The court’s rejection of the expanded dealer definition may encourage innovation and reduce regulatory friction, benefiting the broader crypto industry. These developments emphasize the cryptocurrency market’s dynamic nature, with growing opportunities tempered by ongoing regulatory and valuation concerns.
🗞 Catch up on the news over the last 24 hours! 📜 Bitw…..
🗞 Catch up on the news over the last 24 hours! 📜 Bitwise Registers for Solana ETF in Delaware 🏦 Acurx Pharma to Buy $1M in Bitcoin as Treasury Reserve Asset 📲 Coinbase Tops iOS Finance App Store in the US 🎯 Polymarket Odds Show 81% Chance of Bitcoin Reaching $100K This Month 📊 Bitcoin Open Interest Reaches ATH of $63.32B 🍌 Justin Sun Plans to Eat His $6M Banana Artwork 🎮 DeFi & Gaming Will Thrive Under Trump: Sky Mavis ⚠️ $SUI Blockchain Experiences 51-Minute Outage 🤑 Bitcoin Hits New ATH 📉 ETH/BTC Ratio Falls to 0.032, Lowest Since 2021 🎙️ Rise’n’Crypto: Scammer’s Shocking Confession 🌐 Crypto Market Cap Reaches $3.22T All-Time High 💡 Novogratz Predicts Bitcoin Reaching $800K in 5-10 Years ⚖️ FTX to Start Creditor Payouts by Early 2025 🏛️ SEC Chair Gary Gensler to Step Down Jan. 20 🛒 Hashing It Out: Earn Crypto While Shopping! 🔥Tether Treasury Has Minted Over 12 Billion $USDT This Month Forwarded from: Cointelegraph Forwarded from Telegram. NFA! DYOR!
🔥 UPDATE: So far this month, the Tether Treasury has mint…..
🔥 UPDATE: So far this month, the Tether Treasury has minted over 12 billion $USDT.nnForwarded from: CointelegraphnnForwarded from Telegram. NFA! DYOR!
