The Solana blockchain saw a massive surge in transfer volume recently, with a whopping $224 billion worth of transactions occurring in a single day. That’s nearly three times the total market cap of SOL, which is currently around $78 billion. A Bot’s Big Day Crypto analytics firm Glassnode says the spike was caused by a…
Cathie Wood, the CEO of ARK Invest, thinks a Donald Trump victory in the upcoming election could be a big boost for several tech sectors, especially blockchain. Deregulation and Innovation Wood believes that Trump’s policies, including deregulation and lower government spending, could create a perfect environment for innovation. She specifically highlights five major technology platforms:…
Meme coins Dogecoin and Shiba Inu have been on a tear lately, with both seeing double-digit gains in the past 24 hours. Dogecoin jumped 25%, while Shiba Inu climbed 10%. What’s driving this sudden surge? Let’s dive in. Trump’s Win: A Boost for Crypto? The recent US election results have played a big role in…
Big names in crypto are teaming up to create a new stablecoin network called the Global Dollar Network. The goal? To make stablecoins more widely used in everyday transactions. Who’s Involved? The network is a collaboration between some of the biggest players in the crypto world, including: Robinhood Kraken Galaxy Digital Anchorage Digital Bullish Nuvei…
Bitcoin’s difficulty just reached a new record high. This means that it’s getting harder for miners to add new blocks to the blockchain. What’s the deal with difficulty? Bitcoin’s difficulty is a measure of how hard it is for miners to solve complex mathematical problems to verify transactions and add new blocks to the blockchain….
Bitcoin exchange-traded funds (ETFs) experienced a significant drop in investments on Monday, marking their second-largest single-day outflow since they launched earlier this year. This comes after a week of positive performance, with the ETFs seeing a record inflow of $2.2 billion just last week. A Sudden Shift in Sentiment The recent downturn in Bitcoin ETF…
Bitcoin just hit a new record high, topping $74,500! This surge comes as betting sites are showing Donald Trump with a strong chance of winning the presidency. Betting on Trump Polymarket, a popular online betting site, now gives Trump a 92.2% chance of winning the election. News outlets are also reporting that Trump is currently…
Crypto analyst Benjamin Cowen, known for his accurate predictions, thinks altcoins are about to take a major dive. He’s predicting a “grand finale” for the altcoin market, with prices plummeting against Bitcoin. Altcoins to Suffer Big Losses Cowen says the altcoin market, represented by TOTAL3 (which includes all cryptos except Bitcoin, Ethereum, and stablecoins), is…
Citigroup is getting ready to capitalize on market swings caused by the upcoming election. The bank’s equity strategist, Scott Chronert, believes the S&P 500 is currently fairly valued, but the election could push the market in either direction depending on who wins. “Trump Rip” or “Harris Dip”? Chronert predicts that a “Trump rip” (a surge…
Circle CEO Jeremy Allaire believes that stablecoins are on track to become a globally regulated financial network. He sees Circle as a test case for how stablecoins can be integrated into the global financial system. Stablecoins: A Global Experiment Allaire sees stablecoin regulation as still in its early stages, but he expects to see clear…
