A widely followed analyst and trader is leaning bullish on a large-cap altcoin amid a broader crypto market rally. The analyst pseudonymously known as Pentoshi tells his 809,700 followers on the social media platform X that Solana (SOL) is in the “all-time high waiting room.” On the weekly time frame, Pentoshi shares a chart suggesting that Solana has formed a double-bottom pattern, a technical analysis structure that’s typically considered bullish

Popular quant analyst PlanB says Bitcoin (BTC) is now set up to have a series of big rallies based on historic precedence. In a video update, the pseudonymous analyst tells his 182,000 YouTube subscribers that his stock-to-flow (S2F) model indicates Bitcoin could exceed $250,000 in the coming years. His stock-to-flow (S2F) model, which was traditionally used for traditional commodities before he adapted it to Bitcoin, predicts the performance of an

AI news: Lilian Weng, OpenAI’s VP of Research and Safety, recently announced her decision to leave the company after seven years. In her role, Weng played a central part in developing OpenAI’s safety systems, a critical component of the company’s responsible AI strategy.  Her departure, effective November 15, follows a recent wave of exits among OpenAI’s AI safety personnel, including figures like Jan Leike and Ilya Sutskever. The two co-led

JPMorgan Chase is refusing to pay a monthly pension to a widow whose husband worked at the bank for 10 years before his untimely death. Elaine Silverberg’s departed spouse Melvyn worked as a systems analyst at Chase Manhattan Bank from 1969 to 1979, reports the New York Post. Melvyn died in 1988 due to multiple organ failure and since then, Elaine has been in a standoff with JPMorgan Chase. The

Tether’s Investment division is announcing the financing of a $45 million physical crude oil transaction between a major oil company and a commodity trader. In a new announcement, the USDT-stablecoin issuer says that this transaction is Tether Investments’ first crude oil transaction in the Middle Eastern region, marking Tether’s expanding role in global commodities trading. Says Tether CEO Paolo Ardoino of the transaction, “Tether Investments’ financing of this significant crude

Internet Computer (ICP) and Chainlink (LINK) are leading the crypto sector with “historic rates” of recent development activity, according to the digital asset analytics firm Santiment. Santiment notes that Internet Computer, a cloud-focused public decentralized network, clocked 829 notable GitHub events in the past 30 days. Chainlink, a decentralized oracle network, came in second with 789.87 notable events over the same time period. Hedera, a decentralized, open-source, proof-of-stake public ledger,

New data reveals that asset management titan BlackRock’s Bitcoin (BTC) exchange-traded fund (ETF) has surpassed its gold counterpart in terms of net assets. In a new thread on the social media platform X, Nate Geraci – co-founder of the ETF Institute – notes that BlackRock’s iShares Bitcoin Trust ETF (IBIT) took only 10 months to surpass the IShares Gold Trust (IAU), which launched many years ago. “iShares Bitcoin ETF (IBIT)

Donald Trump reportedly appears to have no problem with Federal Reserve Chair Jerome Powell serving the remainder of his term until May 2026. Trump appointed Powell during his first term but the two clashed several times leading to the then 45th US president threatening to remove the Fed Chair from office. Powell kept his post though and was reappointed to a second four-year term by President Joe Biden in 2022.

November 8, 2024 – George Town, Grand Cayman Zircuit, the chain where innovation meets security, is thrilled to announce the success of its EIGEN ‘fairdrop’ initiative. With a first-of-its-kind distribution of two percent of ZRC tokens to eligible EIGEN holders, Zircuit has introduced a model of fairness and inclusivity in the Ethereum staking ecosystem, underscoring a commitment to decentralization and community empowerment. The EIGEN fairdrop – an industry first –

FTX co-founder and former CTO Gary Wang continues to work with US authorities after giving his testimony at the trial of his college roommate and ex-colleague, Sam Bankman-Fried. Wang is among the FTX executives who were charged following the collapse of the FTX crypto exchange. He pleaded guilty to four criminal counts in December 2022. In a sentencing memorandum filed on November 6th, Wang’s lawyers ask the court to consider how their