The Ethereum ecosystem features numerous second-layer blockchains (L2s) that regularly release large amounts of their native tokens, creating notable selling pressure and potentially causing price declines over time as private investors offload tokens to retail participants. This week, data from…
Bitcoin sentiment has slightly turned bullish following a recent correction, with the price testing the $60,000 psychological resistance. However, an analyst has expressed bearish views on Bitcoin’s price chart and is short on the cryptocurrency. The analyst, Alan Santana, who…
Ex-FTX Digital Market co-CEO Ryan Salame will start serving his prison sentence earlier than planned on Oct 11, as a US court has approved the government’s request to expedite his self-surrender date. The fallout from the FTX collapse resulted in…
Kalshi Inc. has emerged victorious in court in its fight to introduce a $100 million betting market centered around the 2024 U.S. congressional elections. A federal judge sided against the Commodity Futures Trading Commission (CFTC), which had endeavored to block…
AI coins and NVDA prices are on the rise after Nvidia’s CEO made a positive statement about the market. Jensen Huang expressed his belief that a new Industrial Revolution is on the horizon during a CNBC interview. He emphasized the…
OpenAI, led by Sam Altman, has rolled out the eagerly awaited o1-preview collection of AI models, marking a significant advancement in artificial intelligence, particularly for ChatGPT. These cutting-edge models excel in tackling intricate problems across various fields such as science,…
In a surprising turn of events, the price of XRP skyrocketed after the announcement that Grayscale, a crypto fund manager, is set to launch an XRP Trust. Investors witnessed a rapid surge of over 6%, propelling the token’s value to…
In the recent US presidential debate, the competition between Vice President Kamala Harris and former President Donald Trump was not just about their political rivalry but also about the impact it had on prediction markets. This dynamic came to the…
Within the cryptocurrency community, SEC Chair Gary Gensler has stirred controversy due to his strict regulatory actions against major industry players like Binance and Coinbase. Critics argue that his approach aims to establish control over the financial landscape he perceives…
Kalshi Inc. achieved a significant legal victory allowing the launch of its $100 million betting market for the 2024 U.S. congressional elections. A federal judge ruled in the company’s favor against the attempts by the Commodity Futures Trading Commission (CFTC)…