November 19, 2024

Analyst Predicts Rallies to New All-Time Highs for Ethereum and Solana, Calls One Memecoin the ‘Outperformer’

A closely followed crypto strategist thinks layer-1 rivals Ethereum (ETH) and Solana (SOL) are gearing up for rallies to new all-time highs. Pseudonymous analyst Inmortal tells his 217,500 followers on the social media platform X that he believes Ethereum is in the midst of a brief consolidation period before rallies to new record-high levels. The trader shares a chart suggesting that Ethereum will eventually break out en route to $5,000.

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November 19, 2024

Can a Strategic Bitcoin Reserve Move Forward Without Congress? Experts Disagree

Moish Peltz, a partner at Falcon, Rappaport and Berkman, told CoinDesk that the rules surrounding seized bitcoin might change on a department-by-department basis and vary depending on how the bitcoin was seized in the first place. “Some portion of the seized bitcoin might need an act of Congress, but not necessarily,” he said. Source link

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November 19, 2024

Institutional Crypto Products See $2,200,000,000 in Weekly Flows Setting Year-to-Date Record: CoinShares

Digital assets manager CoinShares says that institutional investors dropped over two billion dollars into crypto products last week. In its latest Digital Asset Fund Flows report, CoinShares says that institutional crypto investment products saw a surge in net inflows of $2.2 billion last week. “Digital asset investment products saw further inflows of US$2.2bn last week, raising the total inflows since interest rates were first cut in September to US$11.7bn, while year-to-date

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November 18, 2024

Coinbase CEO To Meet Donald Trump Amid Crypto-Friendly Cabinet Selections: Report

Coinbase CEO Brian Armstrong is set to meet with President-elect Donald Trump as the latter continues to fill key positions in his incoming administration. The meeting is expected to address personnel appointments, particularly for roles tied to cryptocurrency and financial regulation. Coinbase CEO To Meet Donald Trump According to The Wall Street Journal, Brian Armstrong will meet privately with Donald Trump to discuss staffing decisions for critical positions. These roles

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November 18, 2024

Pump Fun Sells 105K SOL As Solana Price Inches Close To ATH

Pioneering memecoin launchpad Pump Fun is in the spotlight after it made another cashout move, placing pressure on Solana’s price. According to an update from the analytics platform Lookonchain, the Pump Fun fee account has sold off another 105,000 SOL within the past 24 hours. Pump Fun and the Selloff Agenda Lookonchain detailed that the offloaded 105,000 SOL is valued at $25.14 million. The platform transferred this lumpsum to the

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November 18, 2024

‘Retail Investors Are Coming’ – CryptoQuant CEO Details Rise of Smaller Bitcoin Transactions As BTC Regains $92,000

Ki Young Ju, the CEO of analytics firm CryptoQuant says that signs of retail participation in the Bitcoin (BTC) bull market are getting stronger. Ju tells his 369,000 followers on the social media platform X that sub-$100,000 transactions on the Bitcoin blockchain have spiked, implying that smaller retail entities are starting to form positions in BTC. “Retail investors are coming: Bitcoin transaction volume under $100K hit a 3-year high.” Source:

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November 18, 2024

MicroStrategy To Raise $1.75B In Private Offering To Buy Bitcoin

American business intelligence and software firm MicroStrategy Inc. has announced plans to offer the public up to $1.75 billion of its Convertible Senior Notes. The firm plans to issue these notes through a private offering, subject to market conditions. The company plans to use the funds to buy more Bitcoin (BTC) and for general corporate corporate purposes. MicroStrategy and Latest Private Offering According to the firm’s update, the private offering

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November 18, 2024

Tether Announces New Investment to Support Upcoming Launch of ‘Milestone’ Stablecoins

USDT-issuer Tether is investing in Quantoz Payments to launch new Markets in Crypto-Assets Regulations (MiCAR)-compliant stablecoins in the European markets. According to a new Tether announcement, the crypto firm says its launching two new stablecoins, EURQ and USDQ, via Tether’s Hadron platform. Says Tether, “These stablecoins represent a significant milestone in advancing grassroots-regulated digital asset solutions in Europe. Quantoz’s decision to leverage Hadron by Tether is a key proof point

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