Cryptocurrency

Despite significant liquidations among FTX assets, Solana has shown resilience after hitting a yearly high near $63. Today, it saw a decrease of 5% to $55 but still boasts an impressive 150% gain over the past month. This contrasts with the overall market where Bitcoin is expected to range from $34,000 to $38,000 in the upcoming two months according to Captain Faibik. This prediction suggests that altcoins might find room to grow, with Uniswap currently retesting a key resistance level and others like Filecoin, Polygon, Cosmos, VeChain, Litecoin, Dogecoin, Shiba Inu, and Floli also gaining attention.The spotlight on spot exchange-traded funds for Bitcoin and Ether has not overshadowed the surge in meme coins’ popularity. Their daily traded volume skyrocketed by 121%, reaching approximately $3.2 billion. Meanwhile, altcoins such as XRP and Solana have been capturing the interest of institutional investors. XRP notably increased by 11% following its announcement of new deals including the adoption of its CBDC platform by the Bank of Georgia.Ethereum’s price stands at $2,063 with a slight weekly increase of over 4%, even amid investors pulling out from Ethereum-based products after the launch of multiple futures ETFs. Despite these exits, Ethereum’s potential remains bolstered by its staking features and growing volume in decentralized applications. Institutional investors are also showing a preference for Solana, which is echoed by Chainlink’s recent inflows totaling $2 million.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

The saga lasted an hour late on Nov. 14 as X (Twitter) users picked up on a Delaware filing showing BlackRock filed to register the “iShares XRP Trust” — a precursor to launching an exchange-traded fund (ETF).Continue Reading on Cointelegraph More

To put SOL’s performance into context, it can be compared with other leading altcoins. Since its peak on Nov. 11, Avalanche’s AVAX (AVAX) has rallied by 17%, Ether (ETH) gained 1%, and BNB (BNB) traded down 2%. This comparison underscores that SOL has underperformed in the broader altcoin market. Therefore, the 5.5% daily decline on Nov. 13 is unlikely to be tied to macroeconomic or sector drivers, such as the potential approval of a spot BTC exchange-traded fund.Continue Reading on Cointelegraph More

However, even if the SEC approves spot Bitcoin (BTC) ETFs by Nov. 17, it could be more than a month before the products launch. The expected delay in launch following SEC approval would be due to the two-step process of launching an ETF. For an issuer to start a Bitcoin ETF, it must get approval from the SEC’s Trading and Markets division on its 19b-4 filing and its Corporate Finance division on the S-1 filing or prospectus. Of the 12 Bitcoin ETF applications, nine issuers have submitted revised prospectuses showing they have communicated with the Corporate Finance division. Continue Reading on Cointelegraph More

U.S. Treasury Secretary Janet Yellen said in her opening speech at the finance ministers’ meeting on Nov. 13 that they will discuss “priority areas [that] are oriented toward the long-term,” with a heavy emphasis on sustainability. They will also hold one session devoted to supply-side economics and another on digital assets. Yellen mentioned unbacked crypto assets, stablecoin and central bank digital currency specifically.Continue Reading on Cointelegraph More

After the substantial rally, Bitcoin could face headwinds in the near term as investors digest the macroeconomic data and events due this week. The Consumer Price Index data is set to be released on Nov. 14, followed by the Producer Price Index data on Nov. 15, and the Nov. 17 deadline to avoid a partial United States government shutdown could give rise to short-term volatility.Continue Reading on Cointelegraph More

Margin trading increases capital efficiency by allowing customers to trade futures without posting full collateral. The ability to carry out spot and derivative trading on the same platform will also increase efficiency. Continue Reading on Cointelegraph More

According to the project’s Nov. 13 post-mortem report, a few days prior, a hacker borrowed 6,000 Coinbase-wrapped staked Ether (cbETH) on decentralized finance protocol Aave, transferred the sum to Raft, and minted 6.7 million Raft stablecoin, dubbed “R,” using a smart contract glitch. Continue Reading on Cointelegraph More