Category: Cryptocurrency

Cryptocurrency is digital money that works online. It lets people send and receive payments directly without banks. It runs on secure networks called blockchains, making it fast and global.

Will Bitcoin Crash Again on Thanksgiving?

Summary: Everyone especially crypto enthusiasts know how the holiday season causes volatility in price. So the hot topic for traders is how Thanksgiving will affect Bitcoin’s valuation. The big question: Will this year break the pattern, or is another dip looming ?

Thanksgiving’s Track Record

Thanksgiving week has often brought Bitcoin price corrections. In November 2020, Bitcoin peaked at $19,633 but failed to break $20,000 until after a sharp correction. Within two weeks, however, it surged past its all-time high, setting new records in early 2021. This year, Charles Edwards of Capriole Fund highlights that while Wednesdays like Nov. 27 are often bullish for Bitcoin, Thanksgiving Day itself has seen consistent price drops over the past five years, making traders wary.

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Current Market Vibes

Bitcoin is currently hovering near $95,000, a critical psychological level. Analysts believe a daily close above this mark could confirm bullish momentum, but failure to stay above the 50-day EMA might trigger a drop toward $90,000. The 4-hour chart shows potential for volatility, with the next 24 hours being pivotal for market direction.

Holiday Dip or December Rebound?

Even if Bitcoin dips on Thanksgiving, historical trends point to quick recoveries in December. Factors like the upcoming halving are keeping investor sentiment optimistic. Whether it’s a crash or a rally, Thanksgiving might just set the stage for Bitcoin’s next big move.

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US Spot Ethereum ETFs Soar to $10.8B in Assets Under Management

Spot Ethereum ETFs just hit $10.8B in assets, snagging 2.47% of ETH’s market cap. Big inflows coming in shows investors are hyped, especially with ETH rallying 15% this week to $3,631. Analysts think $4K is next. TL;DR: ETH’s on fire, and ETFs are riding the wave!

Okay, so here’s what’s been buzzing around the crypto world: Spot Ethereum (ETH) ETFs just hit a wild milestone. As of now it is ranked in a total of $10.8 billion in assets. That’s like 2.47% of Ethereum’s entire market cap. Yeah, it’s a big deal.

The last few days have been crazy. According to Sosovalue (shoutout to them for the stats), these ETFs got a solid $133 million in new money flowing in over just three days. On November 27 alone, a whopping $90.1 million came in, which screams one thing: investors are vibing hard with ETH right now.

So, why the hype? ETH’s price has been climbing like crazy—up 15% this week alone. It’s now sitting at $3,631, with a sweet 5.2% jump in just 24 hours. And guess what? It’s even outperforming THE Bitcoin itself. ETH said, “Move over, BTC; I’m the star of the show now.”

Analysts are now like, “What if ETH hits $4K?” If that happens, it’s game over (in a good way). With the ETFs popping off, ETH prices rallying, and big institutions finally giving it the nod, Ethereum’s basically proving it’s the main character in this crypto story.

So yeah, buckle up. It’s Ethereum’s world right now, and we’re just living in it.

Continue reading: Former Binance Executive Files Lawsuit, Claims Bribery Scandal Exposure

Former Binance Executive Files Lawsuit, Claims Bribery Scandal Exposure

Amrita Srivastava, a former executive at Binance, is suing the cryptocurrency behemoth, alleging she was let go for disclosing a bribery scandal in which a coworker reportedly accepted dubious money in order to expedite a customer. Binance disputes this, citing poor performance as the reason for her termination. The case brings Binance’s complex internal strife and compliance problems to light.

So, here’s the tea: Amrita Srivastava, a former senior exec at Binance, just dropped a lawsuit on the crypto giant, saying they kicked her out after she blew the whistle on some seriously shady business.

Amrita worked on Binance’s Link platform and says she caught a colleague pulling a sneaky move—allegedly taking cash disguised as “consulting fees” to fast-track a customer’s onboarding. The kicker is that this dude didn’t even reveal he worked for Binance. She flagged the whole thing to management in April last year, and then boom, she was out of a job a month later.

Binance, also says it’s not what it looks like. Their take here is Amrita getting fired for her “poor performance,” and it had nothing to do with her whistleblowing. According to Binance they already knew all that and stayed silent.

But Amrita isn’t buying it. She joined Binance in 2022, thinking it’d be all about leveling up compliance and doing crypto right. Instead, she says it was chaos central, with everyone focused on chasing revenue, even if it meant sketchy moves like dealing with Iran-linked clients.

“I couldn’t just look the other way when someone straight-up scammed a customer. Asking for bribes? Defrauding clients? That’s not a gray area—it’s just wrong,” Amrita said.

She’s taking her case to a UK tribunal, where whistleblowing payouts are uncapped. Translation: if she wins, Binance could owe her a serious bag.

Meanwhile, this lawsuit comes as Binance is already in hot water for paying $4.3 billion to settle U.S. anti-money laundering violations. Yikes.

The case isn’t just about Amrita; it’s another messy chapter in Binance’s ongoing saga, giving us all a peek behind the curtain at one of crypto’s biggest players.

Read more: Blockchain Startup Partior Secures Deutsche Bank as Strategic Investor

Blockchain Startup Partior Secures Deutsche Bank as Strategic Investor

Summary: To support expansion in real-life cross-border payment solutions, Deutsche Bank joins digital world, It joins fintech firm Partior’s $80 million Series B round. This partnership is done with the aim of boosting Partior’s fiat offertings and strengthening its global an worldwide presence.

Deutsche Bank Joins as Strategic Investor

Deutsche aims to involve itself in digital space and has become a strategic investor in Singapore-based blockchain startup Partior, adding and helping to a insane amount of $80 million Series funding round. This doesn’t block itself from other prominent investors like Peak XV Partners, J.P. Morgan and Standard Chartered. The investment is still being kept in dark meaning the amount remains undisclosed, Deutsche Bank plans to act as a Euro and U.S. dollar settlement bank on platform.

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Expanding Fiat and Payment Solutions

Partior aims to expand its global operations and develop new services, such as intraday FX swaps and multi-bank payments, with the backing of its investors. Deutsche Bank’s involvement positions it to harness blockchain technology for faster, more transparent, and secure payments.

Pioneering Blockchain-Powered Payments

Founded in 2021, Partior is transforming cross-border payments with real-time clearing and settlement solutions. Currently supporting USD, EUR, and SGD, the platform plans to add JPY, GBP, and AUD in the future, enhancing its ability to address inefficiencies in traditional payment systems.

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XLM Price Forms Rare Pattern as Stellar DeFi TVL Hits Record High

XLM made a strong comeback on Nov. 27, forming a bullish engulfing pattern after a dip. Stellar’s DeFi TVL hit a record $56M, and total assets are close to $300M, boosted by the Franklin Templeton fund. If XLM stays above $0.50, it could test its yearly high.

Big move for XLM! On November 27, the price shot up, forming a bullish engulfing pattern. That’s a strong sign that things are turning around after a recent dip. This comeback absolutely reversed a two-day slump that had put XLM in a mini bear market. But it didn’t just stop there; the whole crypto market, including Bitcoin, had a nice little bounce back too.

Here’s the cool part: Stellar’s DeFi ecosystem is absolutely thriving. Stellar’s total value locked (TVL) in DeFi hit an all-time high of over $56 million. On top of that, assets across Stellar’s ecosystem are pushing close to $300 million, with the Franklin Templeton OnChain US Government Money Fund holding over $400 million. Not too shabby, right?

This price surge also comes with some good news on the regulatory front. U.S. courts have been more friendly to crypto recently. A ruling found that Tornado Cash sanctions went too far, and last year, a judge ruled that XRP wasn’t a security. If things keep going this way, some are even speculating that we might see a Spot XLM ETF in next year.

Now, if XLM stays above $0.50, it could keep climbing, possibly even testing its high for the year at $0.6370. But, there’s always a catch, this recovery might just be a “dead cat bounce,” meaning a short-term surge before a drop. If it dips below $0.4168, then its super bad as it will not have any chances of bouncing back.

Either way, the XLM chart is looking interesting, and Stellar’s ecosystem is definitely making waves. Keep an eye on it—XLM might just be gearing up for a major run.

Continue Reading: Floki Pushes Valhalla Mainnet Launch to Early 2025

Floki Pushes Valhalla Mainnet Launch to Early 2025

Valhalla, the epic metaverse game by Floki is now all set to launch in Q1 instead of November. This delay however, ensures better security after feedback from top auditors. With a total of $60M fueling the project, Floki promises a safer, more polished game. They’re playing the long game for a solid blockchain gaming hit.

So, here’s the scoop: Floki’s flagship metaverse game, Valhalla, won’t be launching until Q1 2025. Yeah, it was supposed to drop this November, but the team decided to hold off after some big-name blockchain auditors, Hacken and OpenZeppelin, flagged a few things that needed tightening up. They’re taking their time to make sure everything’s extra secure—smart move, honestly.

If you’ve been hyped about Valhalla, you know it’s not just any P2E (play-to-earn) game. Floki’s been grinding on this for over three years, and with $60 million in the treasury, it’s got serious potential to shake up blockchain gaming. They’re going big, aiming to make Valhalla a game that actually stands out in the crowded metaverse space.

You may wonder about the delay, well, the team wants to lock down security and make sure the game’s smart contracts are bulletproof. They’re working closely with auditors to nail this, and they’re not about to rush it just to meet a deadline. It’s all about protecting user assets and building an economy that actually works.

Honestly, it’s kind of refreshing. Instead of rushing and risking a flop, they’re making sure Valhalla is as good as it can be. With blockchain gaming getting hotter, this extra time could mean Valhalla comes out swinging when it finally drops.

Floki’s asking the community to hang tight and trust the process. They’re promising regular updates, so we’ll all stay in the loop. Sure, waiting sucks, but if it means a better, safer game? Totally worth it. Here’s hoping Valhalla lives up to the hype when it finally lands.

Read more: Pi Network Launches Lockup Option to Enhance Mining Rewards

Pi Network Launches Lockup Option to Enhance Mining Rewards

Pi Network just dropped a lockup feature to boost mining rewards for users on the Mainnet. From July 5 of this year, you can lock up to 200% of your Pi tokens right in your wallet. It’s super easy, all you have to do is set it, lock it, and enjoy higher mining rates instantly while helping the ecosystem grow.

Big news, Pioneers! Pi Network has rolled out a new feature that’s a total game-changer. Starting after July 5 if you’ve migrated your Pi tokens to the Mainnet, you can now use the lockup feature to score boosted mining rewards. Yep, that’s right, your Pi stash can work even harder for you.

So, one may wonder what’s the deal, well, the lockup feature basically lets you secure a chunk (or all) of your migrated Pi tokens and get a sweet boost in your mining rate. Its also super simple to follow, just open your Pi Wallet, go to the “Lockups” section, hit “Create New Lockup,” and set how long you want to lock those tokens. Once it’s locked, you’re in it till the timer’s up. Your mining rewards will start leveling up in the very next session.

Now, here’s the flex: you can lock up up to 200% of your migrated tokens. That means double the rewards and double the hype. This isn’t just about stacking Pi faster but it’s also about helping Pi Network grow into the utility powerhouse it’s aiming to be as it gears up for its open network phase.

Pi Network’s been cooking this up since the 2021 whitepaper, and now it’s live just in time for Altseason. The Core Team says this feature is all about keeping things stable and thriving while rewarding Pioneers who are here for the long haul.

So, are you ready to lock it down and max out those rewards? Time to boss up your mining game.

Read more: Bitcoin OGs Stay Cool While Newbies Cash Out $2B in One Day

Bitcoin OGs Stay Cool While Newbies Cash Out $2B in One Day

Summary: 

Gen Z, you already know Bitcoin’s been flexing hard, almost hitting $100K. But while the FOMO squad is scrambling, the OGs are chilling. Here’s the tea: long-term Bitcoin holders (aka diamond hands) just locked in over $2 billion in profits in a single day. But not all hodlers are rushing to cash out. Let’s break it down.

Recent data from Glassnode indicates that most Bitcoin selling activity is being driven by newer holders, specifically those who have held their coins for 6-12 months. These so-called “semi-diamond hands” accounted for 35.3% of recent sell-offs. Meanwhile, long-term Bitcoin investors, often called “OGs,” are maintaining their positions, likely waiting for higher prices before considering any moves.

Some analysts suggest that institutional investors, who entered the market following the launch of Bitcoin exchange-traded funds (ETFs), are among those cashing out. These players may be locking in profits after riding the initial hype wave surrounding ETFs.

The ETFs themselves are showing signs of strain, with over $550 million in net outflows recorded over the past two trading days. This coincided with Bitcoin’s price retreating from near $99,000 to around $90,800. Adding to the market’s turbulence, MicroStrategy, a corporate giant with significant Bitcoin holdings, saw its stock price plummet by 35% after reaching a peak on November 21. Despite the setback, the company remains steadfast in its bullish stance, continuing to increase its Bitcoin reserves.

As the market navigates this phase, a clear divide is emerging between speculators locking in profits and seasoned holders exercising patience. Whether Bitcoin can break past the $100,000 mark remains uncertain, but all eyes are on its next move.

Jupiter Launches Voting for Huge ‘Jupuary’ Airdrops on Solana

Jupiter’s “Jupuary” airdrop on Solana is about to begin. 700M $JUP tokens are already up for vote as we write. The main objective is to encourage decentralization and the overall community involvement. A significant precedent for DeFi governance will be set after the first round goes live if the vote reaches 70%. This November is the last day to vote.

Jupiter, the decentralized exchange on Solana, just kicked off voting for its massive “Jupuary” airdrop. Its set to give away 700M $JUP tokens in two rounds. The goal is to get the community involved and make governance more decentralized. To move forward, the vote needs at least 70% approval from the community.

Voting is happening right now (Nov 25–29) and is already making history. This is the first-ever DAO vote with live and verified feedback from real voters. If it hits the 70% mark, one round of token distribution will go live, with more rounds depending on future votes.

The whole point of this is to give the community more power and make $JUP a key player in DeFi governance. While this isn’t Jupiter’s first airdrop, it’s by far the biggest. Everyone’s watching to see if this sets a new bar for large-scale token drops.

Following a huge $1.4 billion worth of $JUP tokens up for grabs now, and the vote still ongoing, this endeavor may be setting a new benchmark for decentralized enterprises. If successful, it will undoubtedly strengthen $JUP’s position in the Solana ecosystem and increase overall community involvement.

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UK Launches Defense Lab to Counter Russia in AI Arms Race

The UK is dropping £8.22M on a high-tech AI Security Lab to shield against cyber threats and also some shady moves, like Russia’s AI-powered drone warfare. Partnering with NATO, some top universities and defense pros. It’s a power move to boost cyber defenses, protect allies, and flex against Russia’s actions online and off.

UK is absolutely set on gearing up to launch a next-level AI Security Research Lab (LASR) with £8.22M funding to guard against cyber threats and protect allies. This new lab will unite experts from tech, academia, and the government to tackle how AI shapes national security, because hey, let’s face it, AI’s not just a tool anymore; it’s a weapon in the wrong hands.

With Russia’s overpowered AI drone warfare shaking things up in Ukraine, NATO is on high alert and the now UK joins the game. Their lab’s mission is more than just tech though, it’s more inclined on keeping Britain and its NATO pals safe while navigating the AI arms race. Human rights groups are already calling out autonomous killing machines, but for now, the UK is focused on staying ahead of the game.

At the NATO Cyber Defense Conference, the Duchy of Lancaster summed it up: “If AI is evolving, so are the threats.” Big players like GCHQ, the National Cyber Security Centre, and top universities like Oxford are teaming up for this. The message is clear: the UK is watching Russia’s every move—on the surface and behind the scenes.

This isn’t just about defense; it’s about showing strength and standing up against attacks. It’s also a flex for the UK’s cyber future, linking to new laws like the Cyber Security and Resilience Bill and upgrading data centers to critical infrastructure.

Bottom line? The UK isn’t just reacting; it’s leading. In a world where AI is changing the rules, Britain is making sure it’s ready to play—and win.

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