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Bitcoin drops for the first time in four days after Fed’s disappointing rate cut
Bitcoin fell sharply for the first time in four days as markets reacted to the Federal Reserve’s latest rate decision. The apex crypto tumbled by as much as 5.3%, dropping to $100,752 after briefly soaring past $108,000 earlier this week in a record-breaking rally.
On-Chain Metrics Reveal Cardano Whales Are ‘Buying The Dip’ – Details
Cardano (ADA) has been through a rollercoaster of volatility, with the price experiencing significant ups and downs over recent weeks. After hitting a local top of $1.32, ADA retraced over 30%, dropping to $0.91 before returning to a critical support level.
Trump’s crypto venture World Liberty Financial buys 231k more ENA, now holds over 740k
World Liberty Financial (WLFI), Donald Trump’s ambitious crypto project, just spent $250,000 USDC to snag 231,726 Ethena (ENA) tokens through Cow Protocol. This bumps their ENA holdings to 741,687, according to data from Arkham Intelligence. WLFI’s December buying spree totaled nearly $45 million, expanding its position across multiple crypto assets. The breakdown: $30 million secured […]Cryptopolitan
Dec 18, 2024
Ethereum long term holders show conviction with a continued increase in collective balance
IntoTheBlock's data revealed that long-term holders currently held 110M Ethereum as they continued to increase their collective balances. Santiment's data, on the other hand, showed that 104 whale wallets with >100K ETH jointly held over 57% of the total supply worth $333.1B.Cryptopolitan
Dec 18, 2024
Metaplanet records first profit in seven years, driven by Bitcoin strategy
Metaplanet, an investment firm based in Tokyo, is expected to record its first consolidated operating profit in seven years as it continues to improve its financial position. The firm claimed that it has shifted its focus to Bitcoin as the leading cryptocurrency, which has been profitable, especially with the current price increases. *Metaplanet Projects First […]Cryptopolitan
Dec 18, 2024
Fed’s rate cut sends US inflation up and stocks down. What does 2025 hold?
The Federal Reserve cut interest rates by 25 basis points to a target range of 4.25%-4.5%, triggering a sharp sell-off on Wall Street and raising fresh questions about inflation. The S&P 500 nosedived, erasing earlier gains, while inflation expectations climbed. The Fed raised its 2025 inflation forecast from 2.1% to 2.5% and slashed its planned […]Cryptopolitan
Dec 18, 2024
Hyperliquid tokens are valued at over $9B, but may carry extreme risk
Hyperliquid completed the first days after its airdrop, focusing on the native HYPE token. The perpetual futures DEX, however, is building an ecosystem of tokens, which may hold both opportunities and high risks. Hyperliquid is shifting the focus from its native HYPE token to its wider ecosystem of assets. As a high-speed chain, Hyperliquid has […]Cryptopolitan
Dec 18, 2024
Cardano charts a strategic path to 2030 with nine key focus areas
Input Output (IO), the research and development company behind Cardano, has introduced a Strategic Research Agenda to guide Cardano’s evolution toward 2030. The plan defines nine areas of focus to increase the plan’s scalability, governance, interoperability, and security. Each area tackles a specific concern in the blockchain arena and positions Cardano for new possibilities. Nine […]Cryptopolitan
Dec 18, 2024
European Data Protection Board issues opinion on data processing during AI model deployment
The European Union privacy body weighed in on emerging issues regarding the lawfulness of GenAI. The board explored loopholes that AI developers may exploit to process personal data without contravening current legislation. The European Data Protection Board raised questions over the lawful basis for AI developers processing user personal data. In an opinion published on […]Cryptopolitan
Dec 18, 2024
Sam Altman-led nuclear start-up signs major AI power supply deal amid OpenAI court cases
Oklo, a nuclear energy start-up led by OpenAI’s Sam Altman, has secured a significant corporate power supply. Despite the OpenAI case that Sam Altman is currently facing, he continues to make significant decisions. The deal is a 20-year agreement with Switch Inc., a privately held data center operator. According to reports, Oklo will build nuclear […]Cryptopolitan
Dec 18, 2024
