Category: crypto

peaq has listed its native utility token, PEAQ, on 12 crypto exchanges, trading around $0.35, up 600% from its listing price of $0.05. The initial supply of 4.2 billion tokens will decrease annually by 10%. The platform supports decentralized applications across various industries and plans to introduce stablecoin integrations and decentralized exchanges.

Bitcoin’s current market cycle suggests a potential peak in about 200 days, aligning with forecasts of a US recession by mid-2025. Copper.co’s research shows that Bitcoin’s cycle averages 756 days from positive market capitalization growth to peak. Factors such as volatility, RSI, and inactive supply indicate potential growth and market shifts.

US Senator Cynthia Lummis is optimistic about passing a bill to establish a national Bitcoin reserve in the first 100 days of Donald Trump’s second term. The legislation aims to acquire one million bitcoins using funds from the Federal Reserve and Treasury Department, making the US the largest government Bitcoin holder. Bipartisan support and strategic…

Nano Labs, a China-based crypto mining chip designer, is now accepting Bitcoin as payment for its products through Coinbase. The move aims to meet the increasing demand for digital currency options in the tech world and attract a broader audience of tech-forward clients. Despite poor stock performance, Nano Labs’ decision to accept Bitcoin may help…

According to a survey by MV Global, most venture capital and hedge funds expect Solana (SOL) to reach $600 in the current bull cycle. They believe SOL will outperform Bitcoin (BTC) and Ethereum (ETH). Additionally, the survey participants anticipate an alt season for select altcoins, with a focus on AI-related tokens.

Bitcoin reached a new all-time high of $87,450 on Nov. 11, with a 25% increase since the 2024 US elections. Altcoins also surged, with Dogecoin hitting $0.33, up 47% in 24 hours. Ethereum climbed to $3,328.29, while Solana reached $223.6. MicroStrategy and Coinbase stocks also saw impressive gains.

Russian President Vladimir Putin has proposed creating a digital asset platform within the BRICS bloc to increase investment in emerging economies in South Asia, Africa, and Latin America. The platform would facilitate electronic payments and attract investment in developing markets. The proposal is part of BRICS’ efforts to develop financial solutions outside of Western-dominated frameworks.

US-traded spot Bitcoin ETFs have reached $84 billion in assets, surpassing 66% of gold ETFs’ AUM. They are on track to overtake gold ETFs in the next two months. BlackRock’s iShares Bitcoin ETF has surpassed the AUM of its gold counterpart. Record-breaking inflows and trading volumes were seen last week. More crypto-related ETFs may be…

MicroStrategy purchased 27,200 BTC for $2.03 billion between Oct. 31 and Nov. 10, now holding 279,420 BTC worth over $20 billion. The company funded the purchase through stock sales agreements. Despite potential share dilution, each share still represents 0.00124464 BTC. MicroStrategy’s Bitcoin yield is 7.3% from Oct. 1 to Nov. 10.

Members of the crypto community have raised concerns over Binance’s listing of Solana-based memecoins ACT and PNUT, alleging a pump-and-dump scheme. ACT surged by over 1,000% and PNUT by 100% after listing. Critics claim Binance targets low cap memecoins controlled by insiders for listing fees, promoting unfair launches. Binance may be embracing memecoins to prevent…