Category: crypto

Tom Lee of Bitmine Immersion Technologies believes that the worst of the recent crypto deleveraging event may be over, with a potential year-end rally in sight. Despite a significant liquidation triggered by U.S.-China tensions, Bitcoin and Ethereum are showing resilience, with improving technicals indicating market stabilization. JPMorgan’s plan to accept Bitcoin and Ether as collateral…

The Madras High Court in India ruled that cryptocurrency is considered property under Indian law. The ruling came from a case involving the WazirX exchange hack. The court affirmed Indian jurisdiction and emphasized the need for stricter governance in Web3 platforms. Cryptocurrencies were defined as property with identifiable and transferable features.

Coinbase’s x402 payment protocol saw a huge increase in adoption, processing nearly 500,000 transactions in a week, marking a 10,780% increase in activity. The protocol allows for payments between AI and humans using stablecoins, powering API monetization, AI payments, and on-chain microtransactions. Developers are now launching tokens directly on the protocol.

Mid-tier Bitcoin miners have significantly increased their realized hashrate after the 2024 halving, catching up to industry leaders. Public miners like Cipher Mining, Bitdeer, and HIVE Digital have expanded operations, closing the gap with top players like MARA Holdings and CleanSpark. The mining sector has seen a surge in debt to $12.7 billion due to…

Rumble has integrated Bitcoin and cryptocurrency tipping for its 51 million users following a $775 million investment from Tether. This move marks a shift towards a decentralized digital economy where users can directly pay creators with Bitcoin. The platform also allocated $20 million of its cash reserves into Bitcoin as a strategic hedge against inflation.

The Padre token price plummeted over 76% from $0.076 to $0.011 after Pump.fun announced its acquisition of a trading terminal. The acquisition led to the discontinuation of utility for the PADRE token, causing panic among holders. Pump.fun aims to expand its trading capabilities with the new terminal.

Analyst James Wynn has made a significant investment in XRP after 24 hours of research. Ripple completed the acquisition of Hidden Road, rebranding it as Ripple Prime. CEO Brad Garlinghouse highlighted five major acquisitions in two years. Analysts believe Ripple’s growth will drive XRP adoption and increase the token’s price.

Ferrari is set to launch a digital token for 100 Hyperclub members in 2027, allowing them to trade, bid, and access exclusive events. The company’s partnership with Conio expands its crypto adoption beyond payments. This move follows other luxury automakers, such as Volkswagen and Toyota, accepting digital currencies for purchases and services.

Recent weeks have seen a surge in crypto venture capital activity, with $587.92 million raised by 22 projects. Major investments include Echo, Pave Bank, Sign, Bluwhale, and BitcoinOS. Smaller projects in various sectors have also secured funding. Coinbase’s acquisition of Echo for $375 million highlights the growing confidence in the crypto space.

NFT sales volume has dropped by 42.42% to $93.18 million from last week’s $161.7 million, with buyers increasing by 33% and sellers by 21%. DMarket led sales at $9.05 million, while Ethereum maintained the top spot with $35 million in sales despite a 65% decline. Bitcoin price rose to $111,000.