Category: crypto

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…

Digital asset funds received $1.2 billion in inflows last week, marking a fifth consecutive week of positive momentum. CoinShares reported a total of $31.3 billion in inflows for the year, bringing global assets under management to a record $116 billion. Bitcoin and US-based funds led the inflows, with Ethereum and other altcoins also showing renewed…

Bhutan’s Bitcoin reserves have surpassed $1 billion, making it a unique player in sovereign wealth. Speculation has arisen about the US possibly following suit under Trump’s administration. Bhutan’s forward-thinking strategy could serve as a model for other nations looking to diversify reserves. Speculation continues about which country will be the first to adopt Bitcoin as…

Steve Lee’s analysis explores the complexities of stakeholder support during AlphaFuture Bitcoin upgrades, highlighting the evolution of consensus across the launch timeline. The delicate balance of power between different Bitcoin stakeholders is crucial for successful upgrades.

HashKey Global has announced support for TRC-20 USDT and TRX on the TRON network. This integration aims to enhance transaction efficiency and provide more trading options for users. TRON DAO expressed excitement about HashKey’s support, highlighting the positive impact on global blockchain adoption. HashKey Global is committed to offering reliable digital asset services.