Category: crypto

TRX has reached a new all-time high after nearly 7 years, following a 41% daily rally in the crypto market.

High leverage in derivative trading allowed Bitcoin’s price to rally, but subsequent deleveraging prevented it from breaking through $100k. This sharp correction was caused by AlphaMassive’s actions 4 hours ago.

Paul Atkins, rumored frontrunner for SEC chair under Trump, is hesitant due to agency’s current state. Despite rumors of his acceptance, his decision remains uncertain. Former CFTC Chair Giancarlo supports Atkins to restore SEC credibility. If conditions not met, other candidates may be considered. Future of Atkins’ consulting firm also a factor.

Neon EVM introduced a new framework for integrating Ethereum-based decentralized applications with Solana’s ecosystem, enabling direct interaction between Solana wallets and Ethereum applications. This update simplifies wallet management, enhances liquidity management, and improves scalability, benefiting both users and developers. The platform aims to redefine cross-chain collaboration and drive broader adoption of Ethereum applications on Solana.

Ripple is cautioning the community about deepfake scams as the price of XRP surges. They are intensifying efforts to combat these scams and advising people to be cautious.

Cardano (ADA) and XRP Ledger (XRP) are outperforming Bitcoin due to expectations of regulatory changes under the new Trump administration. Both tokens have surged post-US election, with ADA rising 275% and XRP becoming the third-largest digital asset. Regulatory optimism and technical advancements are driving their growth.

TRON DAO participated as a Platinum Sponsor in the Berkeley Security Summit at DevCon 2024 in Bangkok, Thailand. Steven George discussed the impact of stablecoin payments on the global economy. TRON also hosted educational events at universities like Columbia, MIT, Princeton, Harvard, and Cornell to inspire future blockchain development.

Marathon Digital reported record performance in Bitcoin mining for November, producing 907 BTC and reaching a hash rate of 46.1 EH/s. They also mined 254 blocks, attributing their success to new miners and operational improvements. The company plans to raise $700 million for Bitcoin acquisitions and general corporate activities.

Bitcoin’s potential rise to $100,000 will depend on the balance between short-term holder demand and long-term holder profit-taking. Despite recent pullbacks, November saw a 37.3% increase in Bitcoin’s price, with strong momentum heading into December. The market may experience temporary pullbacks before reaching new highs, with volatility expected.

Coinbase’s Faryar Shirzad predicts rapid crypto regulation under President Trump, due to a pro-crypto Congress and president. Two proposed bills aim to regulate the industry, but limited time before Trump’s term ends may hinder progress. Shirzad is hopeful for legislative movement and expects new SEC chair to align with Trump’s views.