Tether swaps more than 2 billion USDT to the Ethereum network
The vast majority of Tether’s USDT volume exists on the Tron network due to comparatively lower fees and faster transaction finality.
Stablecoin issuer Tether announced it was conducting a large cross-chain swap of more than 2 billion Tether-USD (USDT) from various blockchain networks to the Ethereum network on November 6, 2024.
According to Tether, 1 billion USDT will be swapped from the Tron network, 600 million USDT will be transferred from the Avalanche C-Chain, an additional 300 million USDT from the NEAR protocol will also make its way to the Ethereum network, and, finally, 60 million USDT from the EOS network will also be swapped to Ethereum.
The stablecoin firm explained that the cross-chain swap was performed on behalf of a large, unnamed exchange wishing to transfer their USDT holdings from various cold wallets to the Ethereum blockchain.
TRON Unites as Silver Sponsor at SmartCon, Justin Sun Announces TRON Integration With Chainlink Data Feeds
PRESS RELEASE. Geneva, Switzerland, November 6, 2024 – Justin Sun, Founder of TRON, Global Advisor of HTX and Prime Minister of Liberland, delivered a keynote address at the Chainlink SmartCon, held in Hong Kong from October 30 -31. This industry-leading conference brought together top blockchain founders and experts from the world’s largest financial institutions and […]Billionaire Mike Novogratz Says Big ‘Step Change’ Underway for Crypto Industry Following Trump Victory
The chief executive of crypto asset management firm Galaxy Digital says that big changes are coming to the digital assets industry following yesterday’s US presidential election. In a new interview with CNBC Television, billionaire Mike Novogratz says that not only are President-elect Donald Trump’s stances pro-crypto, he’s surrounded by individuals who will help the industry […]
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Polymarket predicts a 99% chance of Republican control of the House
Polymarket predicts a 99% likelihood of Republican control in the House, with the GOP securing a US Senate majority.
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Kenya Collects Over $77M in Taxes From 384 Crypto Traders
The Kenyan government collected $77.5 million tax revenue from cryptocurrency traders in the last fiscal year. Kenya Seeks $465 Million in Crypto Taxes The Kenyan government collected $77.5 million (10 billion shillings) in taxes from cryptocurrency traders during the 2023-24 financial year, Anthony Mwaura, head of the Kenya Revenue Authority (KRA), recently disclosed. Mwaura, speaking […]Coinbase CEO Brian Armstrong calls Trump’s win a victory for crypto and economic freedom
Coinbase CEO Brian Armstrong views Trump’s win as a crypto election victory, highlighting increased political support for digital assets.
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Arkham launches crypto perpetuals exchange
Analysts expect crypto products to proliferate after Republican presidential candidate Donald Trump’s Nov. 5 US election win.
Blockchain analytics firm Arkham Intelligence has launched a cryptocurrency derivatives exchange, according to a Nov. 6 announcement.
The exchange will reportedly target retail traders and compete with existing platforms such as Binance.
It will integrate Arkham’s research and feature live on-chain audits and proof-of-reserve (PoR), Arkham said in a post on the X platform.
The future of money and backbone of globalization 2.0 is the cost of consensus
The future of money is the cost of consensus, and the economy of the future will usher in the next era of globalization.
Opinion by Ben Lilly, managing partner and head of research at Jlabs Digital
When it comes to Ether, or even Bitcoin, for that matter, what is the most basic reason to hold it? Before reading on, take a moment to consider the reasons beyond the more routine motivations related to hedging and speculation.
Solama: The Best Online Crypto Casino of 2025 Has Arrived – And It Stands Out
On November 1, the crypto meme community introduced an innovative online casino, Solama’s Casino. But this isn’t just another addition to the crypto gambling world—it’s a new paradigm where 100% of the casino’s net profits are reinvested back into the Solama token project. Every dollar earned benefits $Solama token holders directly, making it the first […]Senator Lummis’ Bitcoin reserve proposal faces uphill battle
A US strategic Bitcoin reserve faces steep odds, with legislative hurdles and economic risks stalling approval.
United States Senator Cynthia Lummis, long known as the “Crypto Queen” of Capitol Hill, has thrown a financial curveball into the post-election buzz by announcing plans to establish a strategic Bitcoin (BTC) reserve.
Source: Senator Cynthia Lummis
This bold move, declared just hours after Donald Trump’s re-election, could redefine the US fiscal strategy, but at the same time raises questions on its feasibility, impact on US debt, policy barriers and market volatility.
Sui Ecosystem Altcoin Explodes 109% As Binance Announces Trading Support
An altcoin in the Sui (SUI) ecosystem is skyrocketing after suddenly gaining support from Binance. In a new announcement, the world’s largest crypto exchange platform by volume says that it will be adding trading support for Cetus (CETUS), a decentralized exchange (DEX) and concentrated liquidity protocol on the Sui blockchain. According to Binance, CETUS opens […]
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US Senator Lummis reaffirms Bitcoin will be become a national reserve asset following Trump’s victory
The establishment of a Bitcoin reserve could significantly alter global financial dynamics, positioning the US as a leader in digital currency innovation.
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Hut 8 Gears up for a Mining Power Surge With 31K New Bitmain Antminers
Hut 8 Corp., a North American bitcoin miner, has unveiled plans to enhance its application-specific integrated circuit (ASIC) fleet, aiming for a boost in self-mining efficiency and expanded hashrate capacity by early 2025. Hut 8 Moves to Boost Mining Efficiency With ASIC Fleet Upgrade As part of this effort, Hut 8 (Nasdaq: HUT) is acquiring […]Bitcoin price metrics align to project further upside for BTC
Bitcoin options and futures markets display moderate optimism after a new BTC all-time high, which could be indicative of new price highs.
Bitcoin (BTC) surged by 10.5% to hit a new all-time high at $75,350 from Nov. 5 to Nov. 6 following former US President Donald Trump’s win in the 2024 election.
Despite the recent price fluctuations, the market is demonstrating a strong foundation that supports continued growth. Bitcoin derivatives highlight the robust improvement in sentiment and the absence of excessive leverage, which are essential for gains above $75,000.
Bitcoin 2-month futures annualized premium. Source: Laevitas.ch
Bitcoin Price Shatters $75,800 As Senator Cynthia Lummis Promises Strategic BTC Reserve
Bitcoin is soaring on optimism that President-elect Trump will follow through on his promise to support Bitcoin and the crypto industry at large. Republicans have won control of the Senate, with the House still up for grabs. And as the future balance of power comes into focus, Wyoming Republican Senator Cynthia Lummis is promising the […]
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WazirX plans on launching a decentralized exchange
WazirX founder Nischal Shetty also announced the upcoming introduction of staking services to the centralized cryptocurrency exchange.
Nischal Shetty, the founder of the popular Indian crypto exchange WazirX, announced the company is expanding operations and exploring building a separate decentralized exchange (DEX) that will operate alongside the company’s current centralized service.
According to Shetty, the decision to launch a DEX is a response to the July 2024 WazirX hack — which drained the exchange of approximately $235 million in user funds — and should help eliminate the counter-party risk inherent in centralized platforms. The WazirX founder asserted:
The WazirX founder also revealed plans to launch a corresponding DEX token to pay for fees on the platform and provide an instrument for governance.
Banking Giant Standard Chartered’s Crypto Custodian in Talks for $50,000,000 Capital Raise: Report
A crypto custody business that’s majority-owned by the world’s 44th-largest bank is reportedly planning to raise more capital. Bloomberg reports that Zodia Custody Ltd, a subsidiary of Standard Chartered, is in talks to secure approximately $50 million in funding from investors. According to Zodia Custody chief executive Julian Sawyer, the capital raise will help fund […]
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269 Pro-Crypto Candidates Voted In to House of Representatives and Senate: Stand With Crypto
Coinbase-backed digital asset advocacy group Stand With Crypto says that over 250 pro-crypto candidates were voted into Congress. According to the non-profit organization, last night’s presidential election – which saw Donald Trump defeat Vice President Kamala Harris – also included victories for 257 pro-crypto candidates in the House and 16 in the Senate. However, Stand […]
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Ripple CEO Calls on Trump for Sweeping SEC Reforms in First 100 Days
On Wednesday, Ripple CEO Brad Garlinghouse offered a pointed roadmap for the early days of Donald Trump’s administration, outlining immediate steps that could reshape digital asset regulation. Garlinghouse to Trump: Clear the SEC and Drive Crypto Clarity in First 100 Days In a recent post on X, Ripple CEO Brad Garlinghouse congratulated Donald Trump on […]“Significant amount of capital” to be unlocked for crypto ventures — Bitfinex analysts
Analysts for the crypto exchange Bitfinex anticipate a rise in capital inflows following the reelection of Donald Trump in the United States.
Bitfinex analysts anticipate a “new wave of hope” entering crypto markets following Donald Trump’s election as president of the United States.
This renewed hope is expected to translate into more capital flowing into the Web3 space as the industry expects federal agencies to adopt a less hostile stance on cryptocurrencies. According to Bitfinex analysts:
Trump’s support for the crypto industry is a new development. During his first term at the White House, Trump went on record on X as an opponent, saying he was not a fan of Bitcoin (BTC) and deeming cryptocurrencies speculative.
Legendary Trader Peter Brandt Says Dogecoin All-Time Highs Near, Predicts Bitcoin Will ‘Rock’ Gold – Here’s Why
Veteran trader Peter Brandt says that Bitcoin (BTC) is set to vastly outperform gold after printing a bullish pattern on the longer-term chart. Brandt shares a chart with his 745,000 followers on the social media platform X showing Bitcoin in a clear uptrend when priced in gold (BTC/XAU). According to Brandt, BTC/XAU has printed a […]
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BlackRock Bitcoin ETF sees $1B volume in first minutes of post-election trading
Some analysts expect Bitcoin’s price to surge following Donald Trump’s Nov. 5 election win.
Upward of $1 billion worth of BlackRock’s Bitcoin (BTC) exchange-traded fund (ETF) changed hands in the first minutes of trading after Donald Trump prevailed in the United States presidential election on Nov. 5, according to data from Bloomberg.
Analysts predict BTC’s price will keep rising now that Trump, a cryptocurrency-friendly Republican, is slated to start his second term as US president on Jan. 20.
Valuation models suggest “a $100,000 Bitcoin is quite possible by the time the 47th U.S. President heads to the Capitol for inauguration,” Fadi Aboualfa, head of research at Copper.co — a crypto custodian — told Cointelegraph in an email.
NFT monthly sales surge 18%, Mutant Ape ripoff creator avoids prison: Nifty Newsletter
NFTs have started to recover as monthly sales volumes surged by 18% and total transactions shot up to 7.2 million.
In this week’s newsletter, read about the creator of the Mutant Ape Planet non-fungible tokens (NFTs) avoiding prison, check out how NFTs recovered from a recent market slump and find out how the NFT trading platform OpenSea plans to make a comeback.
While the Mutant Ape Planet creator Aurelien Michel pleaded guilty to defrauding investors, a judge sentenced the French national to the one-month lockup he had already served. Michel was also ordered to forfeit $1.4 million from the almost $3 million he got from selling ripoff NFTs. Michel, who admitted on social media to pulling the rug on investors, must also pay a $15,000 fine.
Federal prosecutors had pursued a 37-month prison term for Michel, arguing that he and his associates intentionally failed to deliver their promises to the collection’s community.
Tron unites as silver sponsor at SmartCon, Justin Sun announces Tron integration with Chainlink data feeds
Tron’s integration with Chainlink enhances DeFi security and scalability, potentially boosting blockchain adoption and ecosystem growth.
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Arkham Intelligence launches on-chain perpetual market platform
Arkham launches new on-chain platform for perpetual trading, featuring live auditing and traceable reserves.
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Boom or Bust? Research Shows Only 3% of Meme Coins Survive
Meme coins are the current rave in the crypto industry. However, question marks remain over their long-term viability. Meme Coins: Next Big Thing or Exit Liquidity for Cabals? Meme coin traders, hold your seats. According to a recent publication by Binance Research, 97% of meme coins are already dead with almost $0 of trading volume. […]Bitwise CIO sees crypto’s golden age beginning with Trump’s win
Bitwise CIO forecasts transformative regulatory shifts and market growth as Trump’s win may signal a golden age for crypto.
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Vintage Bitcoin Wallets Resurface—Millions Worth of BTC on the Move as Prices Hit New Highs
With bitcoin staying solid above the $74,000 mark, a wave of long-dormant bitcoins from years past has suddenly come to life as the price edges higher. Dormant Bitcoin Vaults Open as the Price Climbs Higher Bitcoin (BTC) hit a fresh all-time high, with prices reaching $75,397 per coin on Bitstamp, setting new excitement across the […]Dogecoin and Shiba Inu Pumping as Bitcoin Passes $75K, Flockerz Could Explode Next
Pro-crypto Donald Trump has claimed in the US election and the market is booming, with Bitcoin hitting a new all time high of $75,000. Meme coins are surging across the board, with Dogecoin (DOGE) and Shiba Inu (SHIB) having both posted hefty gains in the past day as the bulls take control of the crypto […]Kraken Joins Forces With Robinhood and Other Crypto Firms To Roll Out Global Dollar Stablecoin
The stablecoin issuer Paxos partnered with the crypto exchange Kraken, the retail trading giant Robinhood and a handful of other digital asset firms to launch a new stablecoin network for enterprises. The new “Global Dollar Network” is an open network that aims to increase stablecoin usage around the globe, according to a new press release […]
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