Category: crypto

Coinbase shares rose as Bitcoin surged to nearly $94,000, despite a recent downgrade. Strong Q3 earnings and buying from Ark Invest boosted sentiment. The stock closed at $276.92 per share, up over 5%. Investors are looking forward to new products being unveiled on Dec. 17. Coinbase still has ground to recover.

Strategy CEO Fong Lee reassured investors that the company will not sell any of its Bitcoin holdings unless there is a worst-case scenario multi-year collapse. The company has built up a significant cash cushion and increased its BTC holdings to over 650,000. Competition from other financial institutions is mounting, challenging Strategy’s position as a dominant…

Former SEC Chair Gary Gensler remains skeptical of most cryptocurrencies, beyond Bitcoin and stablecoins, calling them speculative assets with little fundamental value. He warns investors of volatility and political narratives, emphasizing the importance of regulation to protect investors while still fostering innovation in the sector.

Ethereum has implemented the Fusaka upgrade to increase transaction processing capacity while maintaining security and decentralization standards. The upgrade includes the EIP-7594 protocol, PeerDAS, which allows nodes to verify block data without downloading everything. This upgrade supports scaling and DeFi growth, helping Ethereum handle millions of daily transactions and maintain its smart contract ecosystem. Ethereum…

Coinbase Institutional’s monthly outlook report suggests that market conditions may favor a reversal in December following Bitcoin’s underperformance in November. The report cites the end of quantitative tightening and potential Fed rate cuts as factors that could unlock sidelined cash into Bitcoin and crypto vehicles. Former hedge-fund manager James Lavish is bullish on Bitcoin due…

Solana Mobile is launching the SKR token in January to support its open mobile ecosystem. The token will be used for staking, rewards, and community security. Seeker phone adoption is growing, with the upcoming Guardians network aiming to decentralize device verification and app review by 2026.

Kalshi has partnered with CNN to bring its prediction data into mainstream media for the first time. The deal includes real-time probabilities across various topics on TV and online. Kalshi also raised $1 billion in funding to expand markets and blockchain integrations, while legal wins further solidify its position in the industry.

Stable has revealed its STABLE tokenomics design for its upcoming mainnet launch, detailing the distribution of tokens for ecosystem growth and governance. The mainnet will go live on Dec. 8 with over $1.1B in pre-deposits and integration with USDT0 for gas fees. The project aims to provide reliable infrastructure for enterprise users and stablecoin-heavy applications.

O’Leary expects Bitcoin to remain stable regardless of a potential December Fed rate cut, dismissing market speculation. He does not anticipate a rate cut and is not adjusting his investments accordingly. Despite market expectations, he believes Bitcoin will drift within 5% of current levels with no major catalyst for price movement.

The U.S. Justice Department seized the domain tickmilleas.com, part of a scam compound in Burma that ran cryptocurrency investment scams. The operation had ties to sanctioned entities and involved trafficked workers. The DOJ has been cracking down on such scam centers in Southeast Asia, targeting fraudulent trading platforms and large-scale crypto fraud schemes.