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This week is packed with key economic events that could significantly influence the crypto market. These macroeconomic data come as market participants gear up for the run into the year-end holiday.
Meanwhile, Bitcoin (BTC) continues to hold above the $100,000 mark, with traders and investors anticipating further upside in the supposed Christmas rally.
US Macroeconomic Data That Could...
Mark Longo, the owner of internet celebrity Peanut the Squirrel, has taken legal action against global crypto exchange Binance.
He alleges that the company infringed on his intellectual property rights by using images and narratives of Peanut without permission.
Peanut the Squirrel (PNUT) Price Unmoved Despite Legal Action
Longo claims this unauthorized use infringes on his rights and...
Drake, the internationally renowned rapper, recently had his X (formerly Twitter) account hacked to promote a fake meme coin.
The now-deleted fraudulent post underscores the growing number of scams targeting high-profile accounts on the platform.
Drake’s Hacked Account Highlights Rising Crypto Scams on X
On December 14, blockchain investigator ZachXBT uncovered the breach, revealing that...
Over the past few days, Ethereum’s (ETH) price has oscillated within a narrow trading range. This mirrors the broader cryptocurrency market trend, which is in a consolidation phase.
However, a significant outflow of ETH from cryptocurrency exchanges has ignited hopes for a potential rally towards the $4,000 mark. This analysis explains why this is likely in the near term.
Ethereum Exchange...
Michael Saylor, co-founder of MicroStrategy, has sparked speculation about another major Bitcoin acquisition.
This follows the company’s recent inclusion in the Nasdaq-100 Index, a significant milestone that highlights its growing influence in the tech and financial sectors.
MicroStrategy Eyes Bitcoin Acquisition
On December 15, Saylor cryptically questioned whether the SaylorTracker, a...
ENA, the native token of Ethena — an Ethereum-based synthetic dollar protocol — has experienced a 13% surge over the past 24 hours. This rally comes as the market awaits the launch of Ethena’s new stablecoin product USDtb, on December 16.
As ENA witnesses a rally in demand, the altcoin is poised to reclaim its all-time high of $1.52, which was last recorded in April.
Ethena Prepares to...
Hedge funds have set a new record for shorts against Ethereum on the Chicago Mercantile Exchange (CME), driving these positions to an all-time high.
This development comes as Ethereum struggles to maintain momentum above the $4,000 mark despite a strong influx of funds into spot ETFs and generally bullish market sentiment.
Ethereum Faces Record Short Bets Despite Bullish ETF Inflows
Over...
Token unlocks release tokens previously restricted under fundraising agreements, with projects timing these events to minimize market pressure and stabilize prices.
Here are five major token unlocks to watch next week.
Cardano (ADA)
Unlock date: December 16
Number of tokens unlocked: 18.53 million ADA
Current circulating supply: 35.82 billion ADA
Cardano, recognized for its...
Cardano’s value has declined by double digits over the past week. It currently trades at $1.04, recording an 11% price drop during that period.
Apart from the general decline in trading activity in the broader cryptocurrency market, the ADA coin price drop is attributed to a dramatic decrease in holding time and a surge in selling activity from large investors or whales.
Cardano’s Holding...
The crypto industry has experienced a surge in investment, with projects raising over $1 billion from Venture Capital (VC) funds since Donald Trump’s election victory.
This influx of capital reflects growing optimism about a more favorable regulatory environment under the incoming administration.
Crypto Projects Attract Over $1 Billion in Funding
Since Trump’s election victory on...