Cryptocurrency

The move upwards pushed Cardano’s market cap up to $26.0423B, or 0.86% of the total cryptocurrency market cap. At its highest, Cardano’s market cap was $94.8001B.Cardano had traded in a range of $0.7035 to $0.7828 in the previous twenty-four hours.Over the past seven days, Cardano has seen a rise in value, as it gained 69.65%. The volume of Cardano traded in the twenty-four hours to time of writing was $5.6372B or 2.95% of the total volume of all cryptocurrencies. It has traded in a range of $0.4888 to $0.7828 in the past 7 days.At its current price, Cardano is still down 76.09% from its all-time high of $3.10 set on September 2, 2021.Bitcoin was last at $90,824.4 on the Investing.com Index, up 1.17% on the day.Ethereum was trading at $3,193.25 on the Investing.com Index, a gain of 2.92%.Bitcoin’s market cap was last at $1,796.5672B or 59.15% of the total cryptocurrency market cap, while Ethereum’s market cap totaled $384.5601B or 12.66% of the total cryptocurrency market value. More

NEW YORK (Reuters) -Less enforcement in the cryptocurrency sector is on the horizon, as Republican President-elect Donald Trump prepares to reset policy at the Justice Department and regulatory agencies, current and former senior government lawyers said on Friday. Speaking at a conference in New York, the lawyers said financial fraud cases would still be brought, but that the new administration’s Justice Department would prioritize other areas such as enforcing immigration laws – a major focus of Trump’s campaign. The U.S. Attorney’s Office in Manhattan will devote fewer resources to policing cryptocurrency crimes after securing several major convictions, including that of FTX founder Sam Bankman-Fried, said Scott Hartman, the co-chief of the office’s securities and commodities task force.Hartman told the conference hosted by the Practising Law Institute that the office would not ignore crypto cases, but has fewer prosecutors working on them than when digital asset prices collapsed in 2022, a period known as “crypto winter.” “We brought a lot of big cases in the wake of the crypto winter – there were a lot of important fraud cases to bring there,” Hartman said. “But we know our regulatory partners are very active in this space, and we don’t have a lot of people.”Hartman gave his assessment one day after Trump said he would nominate former U.S. Securities and Exchange Commission chair Jay Clayton to become the new U.S. attorney in Manhattan.Clayton led the SEC during Trump’s first term as president from 2017 to 2021. He would replace Damian Williams, an appointee of President Joe Biden, as U.S. attorney.While at the SEC, Clayton pursued some crypto-related cases, but was less aggressive at policing the industry, which was smaller at the time, than current SEC chair Gary Gensler.Gensler has targeted large crypto firms for failing to register with the agency and is still embroiled in litigation with some of them, including Coinbase (NASDAQ:COIN) and Binance. Trump has not yet proposed an SEC chair but has said he will fire Gensler. It is unclear whether those cases will continue in his administration. Many cryptocurrency executives supported Trump’s campaign, believing Gensler’s crackdown went too far.The Commodity Futures Trading Commission, a regulator with roots overseeing agricultural markets, brought its first crypto-related case in 2015. By last year, digital assets had grown to occupy nearly half its docket, CFTC enforcement director Ian McGinley told the PLI conference. “I don’t know if that trend will necessarily continue,” McGinley said. “To the extent there’s fraud and manipulation in those markets, we’ll continue to be active.”PIVOT TO IMMIGRATIONBeyond cryptocurrency cases, the U.S. Attorney’s Office in Manhattan is known for bringing high-profile financial crime cases against traditional Wall Street firms and executives, as well as corruption cases against prominent politicians. Steve Peikin, who led SEC enforcement under Clayton, praised Clayton as a “great choice” to lead the office, but said the Justice Department’s overall priorities may change.”There could be a reallocation of substantial resources to immigration enforcement,” said Peikin, now a partner at law firm Sullivan & Cromwell. “I would be surprised if that doesn’t happen.” Hartman acknowledged the president had the right to set priorities, but said his unit’s work cracking down on financial fraud was nonpartisan. “I don’t have a ton of people right now,” Hartman said, noting there are 16 prosecutors in the securities and commodities unit. “I hope they don’t trim it more.” More

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Back on that day, he mentioned “a better form of money that helps billions,” warning the community that it “won’t be a good legacy” to be on the wrong side of history in this respect.This tweet came as the global flagship cryptocurrency, Bitcoin, finally regained the $90,000 price mark after facing a large 5.7% decline, when it fell from above the $93,000 level reached on Wednesday.On Nov. 13, Bitcoin skyrocketed to a historic peak of $93,434 upon recent political developments in the U.S. and after the Federal Reserve slashed the interest rate by 25 basis points. That was the second rate cut this year after the first one in September, when the Fed decreased the rate by 50 basis points.When the ATH happened, CZ tweeted that there are likely to be many Bitcoin hikes and drops in the future, and he warned the community that they should “control their greed,” manage risks accordingly and should not put all their eggs in one basket.She then said that the U.S. would buy one million in Bitcoin over the next five years – 200,000 BTC per year. One million Bitcoins is roughly 5% of the total 21 million BTC supply that can ever exist. The new bill would allow Pennsylvania to allocate 10% of its $7 billion budget to buy Bitcoin with.This article was originally published on U.Today More

According to Bitcoin historian Pete Rizzo, an anonymous Bitcoin investor moved 2,000 BTC, now worth $179 million. “Someone just sent 2,000 Bitcoin worth $179,000,000. They held between $0.06 and $90,000,” Rizzo noted in a tweet.This whale’s Bitcoin journey began when the price was just $0.06 per coin. At the time, the 2,000 BTC stockpile was worth just $12. Fast forward to today, with the Bitcoin price surging to $90,000, and the same stash has skyrocketed to $179 million, marking a staggering 1,491,666,566% return on the holdings.The recent move has raised speculation about the wallet owner’s identity and intentions, both of which remain unknown.The largest digital asset fell as low as $87,100 in Friday’s trading session after Federal Reserve Chair Jerome Powell stated that there was no need to rush interest rate decreases. Bitcoin later recovered some of its trading losses, returning to more than $88,000.Bitcoin was trading at $87,740 as of press time. Following Powell’s comments, traders reduced bets on Fed rate cuts, indicating an easing of risk appetite. Dogecoin fell 11.33% in the last 24 hours, whereas XRP rose 24%.On the positive side, investors pumped a net $4.3 billion into U.S. spot Bitcoin exchange-traded funds. According to recent data, the 12 BTC ETFs, from issuers such as BlackRock Inc (NYSE:BLK). and Fidelity Investments, have a total asset value of approximately $93 billion.According to Bloomberg, the bullish market conditions have also contributed to overall net inflows into U.S. ETFs exceeding $913 billion. That surpasses 2021’s record haul with one month remaining.This article was originally published on U.Today More

Cryptocurrency analyst and investor Charles Edwards mocked ECB by recalling this report in his X account. He admitted that it might have coincided with the top of the EUR price, not Bitcoin’s.Also, the U.S. potentially adding Bitcoin (BTC) to the Federal Reserve might have dramatic effects on euro valuation. At the same time, he is sure that the failure of all fiat currencies is a matter of when, not if.Unlike ECB predictions, Edwards’ own “Bitcoin Energy Value Model” that spelled out $100,000 for Bitcoin (BTC) in five years in March 2020 is unbelievably close to playing out.This week, Bitcoin (BTC) touched a local top at over $93,000. As such, it needs less than 7% to hit the six-digit milestone set by the analyst.Its uber-bullish performance in Q4, 2024, fails to convert ECB speakers. When it started rocketing, the regulator announced that this process would deepen the division of society.Schaaf, one of the authors of the 2022 report, called to “eliminate” Bitcoin (BTC) as it drains liquidity, while its popularity results in reducing the purchasing power of traditional currencies.This article was originally published on U.Today More

The move upwards pushed XRP’s market cap up to $50.7835B, or 1.72% of the total cryptocurrency market cap. At its highest, XRP’s market cap was $83.4407B.XRP had traded in a range of $0.7713 to $0.9146 in the previous twenty-four hours.Over the past seven days, XRP has seen a rise in value, as it gained 62.12%. The volume of XRP traded in the twenty-four hours to time of writing was $13.2988B or 6.54% of the total volume of all cryptocurrencies. It has traded in a range of $0.5441 to $0.9146 in the past 7 days.At its current price, XRP is still down 72.80% from its all-time high of $3.29 set on January 4, 2018.Bitcoin was last at $89,714.9 on the Investing.com Index, up 0.29% on the day.Ethereum was trading at $3,035.78 on the Investing.com Index, a loss of 3.46%.Bitcoin’s market cap was last at $1,768.7349B or 59.94% of the total cryptocurrency market cap, while Ethereum’s market cap totaled $364.4843B or 12.35% of the total cryptocurrency market value. More

Bybit, the world’s second-largest crypto exchange by trading volume, is excited to announce new strategic integrations for its bbSOL offering, expanding decentralized finance (DeFi) yield opportunities for bbSOL holders through partnerships with RateX, marginfi, and Save. These partnerships align with Bybit’s mission to provide innovative CeDeFi solutions, combining the benefits of centralized and decentralized finance to optimize yield generation and asset growth.bbSOL hits ATH at $230 in its 3rd monthSource: https://www.bybit.com/en/coin-price/bybit-staked-sol/ Launches its First Synthetic Yield Farming Offering with RateXBybit’s integration with RateX introduces synthetic yield options for bbSOL holders, offering a unique way to grow assets. On RateX, bbSOL holders can trade synthetic Yield Tokens (YT) of various yield-bearing assets with leverage, capitalizing on yield movements in a cost-effective manner. Additionally, RateX’s platform includes features like Earn Fixed Yield and Yield Liquidity Farming. By depositing bbSOL into RateX, users can convert floating yield into fixed yield, secure future returns, trade yield, or provide liquidity for yield trading.Adds Nearly $900M TVL in Liquidity to bbSOL with Save and marginfiIn line with enhancing bbSOL’s DeFi utility, Bybit is also partnering with Save and marginfi, two prominent lending and borrowing protocols on Solana. Save, with $379M in Total (EPA:TTEF) Value Locked (TVL), and marginfi, with $500M TVL, connect bbSOL holders to a growing Web3 community, providing opportunities to lend, borrow, and optimize yields through decentralized mechanisms.Offers a highly competitive 22% APY with no commissionbbSOL continues to offer a highly competitive APY of up to 22%, a combination of base yield and additional DeFi yields. With no commission fees and flexible instant or delayed redemption options, bbSOL gives users seamless, cost-effective access to both CeFi and DeFi earnings, surpassing other staking products.Now available via 16 CeDeFi partners with a variety of yield earning and farming methodsbbSOL integrates with eight Solana DeFi projects, including RateX, Save, and marginfi, and is available across eight Bybit CeFi products. Users can directly purchase bbSOL with stablecoins, use bbSOL as collateral, convert over 300 assets to bbSOL at no extra cost, and trade bbSOL/USDT with up to 10x leverage on spot margin trading.#Bybit / #bbSOL / #BybitWeb3About Bybit Web3Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting. Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting, and growing Web3 assets as open and simple as possible. Their wallets, marketplaces, and platforms are all backed by the security and expertise that define Bybit as the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 50 million users globally.Join the revolution now and open the door to your Web3 future with Bybit.For more details about Bybit Web3, please visit Bybit Web3.About BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume with 50 million users. Established in 2018, it offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:ORCL) Red Bull Racing team.For more details about Bybit, please visit Bybit PressFor media inquiries, please contact: media@bybit.comFor more information, please visit: https://www.bybit.comFor updates, please follow: Bybit’s Communities and Social MediaContactHead of PRTony AuBybittony.au@bybit.comThis article was originally published on Chainwire More