Category: crypto

A new report from Binance Research highlights the high risks in the memecoin market, with 97% of tokens failing or becoming inactive shortly after launch. The report also exposes manipulation and warns that memecoins lack intrinsic value or innovation, despite their appeal to younger investors seeking rapid gains. Memecoins, driven by internet culture, offer a…

A Polymarket user sold nearly $4 million in bets on former US President Donald Trump’s victory in the Nov. 5 elections, causing Trump’s odds to fall but then recover. The selling started after a trader advised exiting election-related polls. Despite some odds falling, Trump still leads in 14 predictions.

Tom Lee and Bernstein analysts predict strong markets through 2025, unaffected by the US presidential election. Lee anticipates a market rally post-election, while Bernstein highlights Bitcoin’s resilience amidst political uncertainty. They see Bitcoin hitting $200,000 by 2025, driven by US fiscal policy and increased demand for hard assets.

Digital asset investment products saw record-breaking inflows of $2.2 billion last week, totaling $29.2 billion for the year. Bitcoin led the surge, with US-listed Bitcoin ETFs seeing strong interest. The increase in assets also led to a surge in trading activity, with Bitcoin surpassing $70,000. Ethereum-related products saw modest inflows.

Fairshake, a nonpartisan super PAC focused on crypto interests in US politics, has raised $78 million to support candidates advocating for American blockchain and crypto innovation. Major contributors include Coinbase and Andreessen Horowitz, aiming to influence the 2026 midterm elections. Fairshake aims to shape US politics in response to regulatory pressures and promote bipartisan support…

OSL Group Limited’s Japanese subsidiary, OSL Investment (Japan) Limited, acquired an 81.38% stake in CoinBest K.K., a regulated crypto exchange in Japan. This move marks OSL’s entry into Japan’s growing crypto market, with plans to leverage operational synergies and expertise to improve trading liquidity and expand its regional reach. Japan’s strict regulatory framework ensures customer…

The State of Michigan Retirement System disclosed over $11 million in exposure to Ethereum exchange-traded funds (ETF) in its latest filing, making it the first state to invest in Ethereum. Michigan holds a larger position in Ethereum ETFs compared to Bitcoin ETFs. This move is seen as a big win for Ethereum. Other states like…

VanEck’s analysis of Solana’s network highlights its high user engagement and transaction volume due to its low-cost, high-throughput design. Despite revenue from speculative memecoin activity, critics raise concerns over inflated numbers from wash trading. However, VanEck sees Solana’s structural efficiencies attracting users and potential for future diversification beyond memecoins.

Polymarket’s top Trump shares holder has shifted to ‘zxgngl’ from ‘Fredi9999’ due to increased buying activity, leading to a narrowing lead over Harris. Whales persistently buying Trump shares have reduced activity, causing a contraction in his lead. Market depth has shifted, with concerns over election certification leading to new sell orders below $1.

Tether CEO Paolo Ardoino clarified that the company has no plans to launch its blockchain network. Tether values neutrality and collaboration, focusing on integrating USDT across existing networks instead. While not ruling out future possibilities, Tether aims to avoid centralization and control over its operations. Other firms in the industry are developing their blockchain networks,…