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Ethereum (ETH), the second largest cryptocurrency and market leader, is facing a bearish trend following recent selling by ICO investors. Meanwhile, Solana recently hit new highs by surging above the $175 level. As market volatility increases, investors are shifting to safer opportunities like CUTO. Kutoshi is at an early stage and has limited downside while considering high growth potential. It has a variety of features and is backed by elite investors who believe it has the potential to be the next big thing in the market. Ethereum founder formulates roadmap as ETH suffers from negative sentiment Ethereum co-founder Vitalik Buterin…
Tether’s USDT is the world’s largest stablecoin, with a market capitalization of nearly $100 billion. However, like many top blockchain projects, Tether has been the subject of many questions and inquiries. And when it comes to Tether, most of the questions revolve around its main selling point: its reserves. Acknowledging these concerns, Tether CEO Paolo Ardoino finally broke the ice and announced that the company has more than 82,000 Bitcoins and 48 tons backing USDT in circulation. He revealed that he owns . Ardoino shared this information in a Twitter/X post dated October 27, 2024, in response to a number…
Micro Strategy Co., Ltd. MSTR Founder and CEO said this as the company closed as the sixth-most traded stock on Wall Street on Friday. michael saylor To celebrate by coining the term “Magnificent 8.” what happened: On Sunday, Saylor took on the X and turned heads. Bitcoin BTC/USD The development company's latest feat. MicroStrategy posted $5.8 billion in trading volume on Friday, ranking second only to giant technology companies such as: tesla company. TSLA, Nvidia Inc. NVDA, apple company AAPL, Microsoft Corporation MSFTand Meta Platforms Co., Ltd. Meta. Additionally, MicroStrategy volumes are Amazon.com Inc. AMZN and Alphabet Co., Ltd. google…
Coinbase has announced its latest tools and promises to bridge the gap between artificial intelligence and cryptocurrencies through new developer features. Coinbase has announced its latest tools and promises to bridge the gap between artificial intelligence and cryptocurrencies through new developer features. Lincoln Murr, the Coinbase developer behind the project, announced that his new platform, “Based Agent,” is a tool that allows developers to create AI-powered crypto agents in under three minutes. .CEO Brian Armstrong highlighted the announcement, highlighting the platform's ability to rapidly deploy crypto wallets and AI agents with full blockchain capabilities.The tool is built on Coinbase's Layer…
Japan-based Metaplanet recently hit an important benchmark by pushing its Bitcoin holdings above 1,000 BTC.On October 28, the company announced that it had acquired 156.78 BTC with an investment of $10.4 million, increasing its total Bitcoin stash to 1,018.17 BTC (currently worth approximately $68.8 million). This acquisition brings Metaplanet's average purchase price to approximately 9,450,746 yen, or $61,629 per Bitcoin.The company's Bitcoin accumulation coincides with its decision in May to make Bitcoin a strategic reserve asset. Since then, Metaplanet has increased its Bitcoin assets at a rapid pace, with the largest acquisition period recorded from September 30th to October 28th.…
The Ethereum Foundation, the nonprofit organization behind the second-largest blockchain, has recently come under intense scrutiny, with community members questioning why it would sell its Ethereum (ETH) holdings rather than stake them. . Now, Blockchain co-founder Vitalik Buterin has responded and provided detailed insight into why the organization chose to sell. Ethereum development efforts It all started with an Oct. 25 social media post in which Buterin shared a roadmap for universal light client validation on Ethereum. One user called on programmers to stop dumping, noting that Buterin recently reported selling a small portion of his Ethereum holdings. The 30-year-old…
During the opening of Hong Kong FinTech Week, several keynote speeches covered the topics of stablecoins, cryptocurrencies and tokenization. The Treasury Department focused primarily on AI, but also covered planned regulatory programs for cryptocurrencies, including tax incentives. Eddie Yue, leader of the Hong Kong Monetary Authority (HKMA), spent a lot of time talking about tokenization, and the Securities and Futures Commission (SFC) focused on cryptocurrencies. planned regulations The Ministry of Finance will continue to address planned regulatory issues, including stablecoin regulations scheduled to be announced this year, the second Digital Asset Custody Consultation next year, and a regulatory review of…
The path to $2,650 will depend on Ethereum’s ability to clear resistance levels, maintain technical support, and maintain positive sentiment with continued upgrades.short term outlook:In the short term, a break above the high-volume 50-day and 200-day EMAs could push Ethereum towards $2,650.Volume and RSI signals will be important. If both values are rising steadily, it may indicate strong buying momentum, reinforcing upside potential.medium term factors:The successful implementation of The Purge and The Verge will have a positive impact on Ethereum's performance and adoption. Increased efficiency can lead to higher demand and higher prices.Technological advances and regulatory clarity could drive market…
Billionaire venture capitalist Chamath Palihapitiya says Bitcoin (BTC) is solidifying its role as the ultimate asset that protects investors' capital from inflation. In a new episode of the All-In Podcast, the Social Capital CEO and early Bitcoin investor says BTC stands to take over gold as the best inflation hedge. Palihapitiya said it would be imprudent for Bitcoin investors to try to time the market as he believes BTC will serve a unique purpose into the next century. “I don't think you can trade these things. And any attempt to do that would probably end up losing more money, more…
Metaplanet's total Bitcoin holdings now exceed 1,000 after Sunday's latest acquisition, as it continues to wrap up its October spending on the world's largest cryptocurrency.The Tokyo-based company announced that it has acquired over 156 BTC for approximately $10 million, bringing its total holdings to 1,108 bits ($69 million).Dubbed “Asia's answer to MicroStrategy”, Metaplanet is positioning The company itself began holding Bitcoin on its balance sheet in April, calling it a “pioneer in the adoption of digital assets in Japan.”The announcement sent the company's shares up 8% in early Asian trading, with the stock trading at 1,139 yen (US$7.41), according to…