BitMEX founder and crypto industry veteran Arthur Hayes says there’s a massive trade to play as the digital asset market edges higher. In a new interview on the CryptoBanter YouTube Channel, Hayes says that the crypto bull market started in March of 2023 when the Federal Reserve printed trillions of dollars to support the struggling US banking sector. Hayes refers to the move as a “stealth” printing of money that

Bitcoin (BTC) veteran Tuur Demeester says that the crypto king could be headed much higher than many anticipate as it battles for store-of-value supremacy against gold. Demeester tells his 282,000 followers on the social media platform X that he agrees with the thesis that Bitcoin will eventually reach the same market capitalization as gold, perhaps as soon as the current market cycle. Demeester, editor-in-chief of the Bitcoin analysis firm Adamant

A Solana (SOL)-based decentralized exchange (DEX) altcoin surged by more than 5x on Friday after South Korea’s largest crypto exchange rolled out trading support for the asset. Traders on the Seoul-based Upbit can now purchase and unload DRIFT, the native asset for the Drift Protocol, an open-source DEX that enables transparent and non-custodial trading. Explains the project’s whitepaper, “Drift was designed with a goal to be capital-efficient but also protective of

The US government has added nearly $2 trillion to the national debt since the start of the year, according to new data from the Treasury Department. The Treasury’s Debt to the Penny database shows that the US national debt has increased by $1.92 trillion since January 2nd, bringing the total debt to more than $35.91 trillion as of November 5th. The national debt reached the $35 trillion level for the

A widely followed cryptocurrency trader is warning that one low-cap memecoin built on the Solana (SOL) blockchain may abruptly witness a bearish reversal. Pseudonymous trader Bluntz tells his 286,900 followers on the social media platform X that the hippopotamus-themed memecoin Moo Deng (MOODENG) looks to be in the midst of an ABC corrective move after briefly shattering the $0.30 level. Bluntz practices the Elliott Wave theory, which states that a

Bitcoin (BTC) cracked $77,000 and set another new all-time high on Friday, one day after the U.S. Federal Reserve opted to lower interest rates again. The Federal Open Market Committee (FOMC) voted this week to lower the Fed’s policy interest rate by one-fourth of a percentage point, following September’s 50 basis-point cut. Fed Chair Jerome Powell noted at a press conference on Thursday that inflation has dropped from a peak

The chief executive of a crypto firm was reportedly kidnapped in Toronto and only freed after a $1 million ransom was paid. According to a new report by the Canadian Broadcasting Corporation (CBC), Dean Skurka, the CEO of crypto financial services firm WonderFi was kidnapped in downtown Toronto earlier this week and only released after a $1 million payment was made electronically. A spokesperson with the Toronto Police Service says

A US bank is warning customers of a security “intrusion” that may have compromised Mastercard account numbers and other financial data. Maryland-based Eagle Bank says it has received a notice from Mastercard, stating an unnamed US merchant allowed unauthorized access to account information between August 15th, 2023, and May 25th, 2024. The bank revealed the breach in a filing with the Massachusetts state government. “We have been advised by MasterCard of

Decentralized finance (DeFi) passed gaming last month to become the top sector in the decentralized app (DApp) space, according to a new analysis from the market intelligence firm DappRadar. DappRadar notes that DeFi now accounts for 34.5% of overall DApp activity, compared to 24.5% for gaming and 17.7% for non-fungible tokens (NFTs). “In a notable shift, the gaming sector has lost its leading position within the DApp industry, now outpaced

Macro guru and Real Vision CEO Raoul Pal is saying that Solana (SOL) is likely to outperform Ethereum (ETH) this cycle but that one altcoin could potentially do even better. According to Pal, one top-20 altcoin by market cap and a relatively new entrant in the layer-1 sector is likely to outperform not just Solana and Ethereum but also Bitcoin (BTC). “My view is that ETH begins to outpace BTC