Senator Cynthia Lummis, a big supporter of crypto, is once again advocating for Bitcoin to be used as a reserve asset by the US government. She believes this would help strengthen the US dollar. Lummis has also spoken out against the creation of a US central bank digital currency (CBDC), arguing that it would be…
Ethereum Network Activity Cools Down Ethereum gas fees, the cost of transactions on the network, have hit their lowest point in almost two months. This indicates a slowdown in activity on the Ethereum network. It’s like the highway is less crowded, and transactions are moving faster. Why the Slowdown? The decline in gas fees suggests…
A popular crypto analyst, known as Altcoin Sherpa, is predicting a strong finish to the year for Solana (SOL), a top-10 cryptocurrency. Solana’s Bullish Outlook Sherpa believes that Solana’s market structure is healthy and that it’s poised for a breakout before the year ends. He highlights several reasons for his optimism: Strong Price Action: Solana’s…
The German government is continuing to sell off its Bitcoin stash, with its holdings now below 4,000 BTC. Bitcoin Sell-Off Continues According to data from blockchain analytics platform Arkham Intelligence, Germany has sold hundreds of millions of dollars worth of Bitcoin in the past 24 hours. This follows a trend of selling the cryptocurrency over…
China’s economy is facing a serious crisis, and it’s showing up in the banking sector. In just one week, 40 smaller banks vanished, swallowed up by larger institutions. This is a huge deal, even bigger than the US savings and loan crisis of the 1980s and 90s. Why Are Banks Failing? The main culprit is…
A Bitcoin expert is seeing signs that the cryptocurrency might be on the verge of a comeback. Jamie Coutts, a well-known crypto analyst, says a key Bitcoin metric is flashing green, suggesting a potential bullish reversal. This metric, known as the hashrate, is a measure of the computing power used to mine Bitcoin. Hashrate Slowdown…
The world of crypto is buzzing with memecoins, and a new platform called Pump.fun is making waves. This Solana-based platform is quickly becoming the go-to place for creating and trading these quirky tokens. A Million Memes and Counting In just seven months, Pump.fun has seen over a million memecoins come to life on the Solana…
Bitcoin’s Dominance Is Falling Crypto analysts are seeing signs that Bitcoin’s dominance in the market is weakening. This could mean good news for altcoins, which have been struggling lately. A Bitcoin dominance chart shows a bearish pattern, suggesting that Bitcoin’s share of the market is likely to decline. This often leads to a period known…
The US Securities and Exchange Commission (SEC) has wrapped up its three-year investigation into Stacks, a Bitcoin Layer 2 blockchain, and its developer, Hiro Systems. The good news? No charges were filed. A Long Investigation Ends Muneeb Ali, one of the brains behind the Stacks protocol, shared the news on social media, expressing relief and…
Big Players Are Active Litecoin is seeing some serious action from big investors, known as whales. These whales are moving massive amounts of Litecoin, which is a sign that they’re interested in the cryptocurrency. What Does It Mean? The amount of Litecoin being moved by whales is huge – over half of the total value…
