Inflation Eases, Rate Cut Hopes Rise Amid Market Jitters
Fueling investors’ rate cut hopes, a recent report unveiled a smaller-than-expected consumer price index (CPI), signaling a potential meltdown in US inflation. This inflation report sparked speculation about upcoming interest rate reductions. The cryptocurrency market attempted a price surge following…
Musk’s Invitation to Kamala Harris Sparks Excitement for Crypto Discussion
Following the highly anticipated discussion between Elon Musk and Donald Trump on Monday, Musk extended an invitation to Kamala Harris, Vice President and U.S. presidential candidate, for an interview. This move has attracted significant attention as the U.S. presidential election…
Celsius Lawsuit Against Tether: Seeks Compensation for Tether’s Actions
Celsius Network Ltd. has filed a lawsuit against Tether and its affiliates, alleging the stablecoin issuer fraudulently transferred over $2 billion worth of Bitcoin. The Celsius lawsuit claims these actions occurred during a critical period leading up to its collapse….
Ripple Vs SEC: Ripple Scores Partial Victory Over SEC, XRP Price Soars
In a groundbreaking ruling, the federal court ruled in favor of Ripple Labs in the long-standing Ripple Vs SEC legal battle. The court verdict clarified that Ripple’s digital asset, XRP, is not a security. This verdict marks a turning point…
Crypto4Harris Group Announces Crypto Town Hall Meeting to Challenge Donald Trump!
Democrats are intensifying efforts to boost Vice President Kamala Harris’ presence in the cryptocurrency industry as the November US elections approach. In response to increasing support for Republican presidential candidate Donald Trump from the crypto sector, the Democrats have established…
Strategic Buying: JPMorgan Sees Buy-the-Dip Potential in Market Crash
Despite Bitcoin’s sudden crash below $50,000, triggering concerns in the market, banking giant JPMorgan Chase expressed optimism about a potential buy-the-dip opportunity. Aligning with JPMorgan’s stance, the cryptocurrency staged a quick recovery, rebounding to the $55,000 level and triggering liquidations…
Broader Crypto Market Suffers: $510 Billion Wiped Out In Just 3-Days
Investors are on edge after the broader crypto market suffered with its most severe three-day downturn in almost a year. The digital asset market shed a staggering $510 billion in value since August 2nd, mirroring a broader decline in traditional…
Nvidia Claims Annual Return Victory Over Resilient Bitcoin
In a surprising turn of events, Bitcoin, the world’s largest cryptocurrency, has been outshone by tech giant Nvidia over the past year. While both assets have enjoyed significant gains, Nvidia’s performance, driven by the AI boom, has eclipsed Bitcoin’s. Despite…
Binance Labs Backs Particle Network For L1 Universal Platform
Binance Labs, the investment arm of cryptocurrency giant Binance, has made a strategic investment in Particle Network. This innovative Layer 1 platform aims to revolutionize the fragmented blockchain industry by introducing Universal Accounts. This move by Binance Labs underscores its…
Movement Labs Partners with Polygon to Boost Interoperability, Secures $160M for Mainnet
Movement Labs, an Ethereum layer-2 network, has announced a strategic partnership with Polygon Labs to enhance blockchain interoperability and liquidity. The integration with Polygon’s AggLayer will enable unified liquidity across Move Virtual Machine (MoveVM)-based layer-2 chains, AggLayer-connected chains, and the…