Charles Hoskinson Reveals Big Project With Elon Musk, ADA Is Predicted To Hit $6 By 2025
The crypto market just went through a pretty heavy correction yesterday, but today, most assets have recovered positively and returned to green. Cardano (ADA) quickly emerged as one of the leading assets, gaining more than 20%, hitting $0.75 earlier in the day – its highest level since March of this year. On the week, ADA’s value has increased by nearly 70%, although it has now corrected slightly to $0.72.
Ethena Approves Fee Sharing Proposal for ENA Token
The Ethereum Foundation has officially approved Wintermute's proposal to share a portion of revenue from the decentralized finance (DeFi) protocol with token holders, according to an announcement from Wintermute's governance forum. On November 6, Wintermute, a market maker, proposed allocating a portion of revenue from Ethena fees to participants staking ENA, the platform's native token.
Solana (SOL) became the focus of the crypto community on Friday when executives from VanEck and BlackRock offered opposing views on the possibility of launching a Solana ETF in the United States. Since the launch of the Bitcoin spot ETFs in January and the Ethereum spot ETF in July, a slew of new ETF filings have been submitted to the U.S. Securities and Exchange Commission (SEC). One of them is the Solana ETF, which was first filed in June but has yet to receive approval from the agency.
Dogecoin Investors Drop $259 Billion Lawsuit Against Elon Musk
A high-profile lawsuit accusing Elon Musk of manipulating the price of Dogecoin (DOGE) has officially ended, with investors withdrawing their appeal of the decision to dismiss the case, Reuters reported on Nov. 15. The lawsuit, filed in 2022, alleged that Musk and his electric car company, Tesla Inc., engaged in fraud and insider trading by using Musk’s influence to manipulate the price of DOGE. However, U.S. District Judge Alvin Hellerstein dismissed the case in August of this year, stating that the claims lacked legal merit.
3 Reasons Why Solana Prices Are About to Hit a New Record High
The price of Solana (SOL) has increased by 13% over the past seven days, trading at $210 today (November 15). According to data from TradingView, Solana’s price has rallied from a low of $156 on November 5, climbing as much as 43% to reach a two-year high of $225 on November 12. This has fueled hopes among traders that the layer-1 blockchain token could continue its rally and approach its all-time high of $260, especially after Bitcoib broke through the $90,000 mark and hit a new high of $93,500.
Tether Launches Hadron Amid $6.5 Billion Real Asset Tokenization Fever
Tether, the market's largest stablecoin issuer, has just introduced Hadron, a platform for tokenizing digital and real assets (RWA), amid the growing trend of tokenizing financial instruments on decentralized networks. Hadron allows users to tokenize a wide range of assets, from stocks and bonds to stablecoins and rewards points, Tether announced Thursday. The platform also provides tools to support the issuance and management of the entire lifecycle of digital tokenized assets, aiming to simplify the process of tokenizing assets for both individual and institutional investors.
Matthew Sigel, director of digital asset research at Vaneck, forecasts significant upside for Bitcoin, with a price target of $180,000. Sigel’s outlook on Bitcoin is bullish, bolstered by indicators that the uptrend is continuing. Following recent price increases, he noted that BTC has followed similar patterns in previous cycles, especially around elections, with increased demand and steady price recovery. According to the Vaneck CEO, BTC’s price growth is “just getting started,” and predicted that it will reach new record highs in the coming quarters.
Will Bitcoin Surpass $100K? 9 Analysts Share Their Year-End BTC Price Predictions
Bitcoin has surged in price since Donald Trump was elected as the next president of the United States, surging nearly 30% and hitting a new record high above $90,000 in just a week. Now, analysts are looking at how high or low Bitcoin could go by the end of the year and have shared their price predictions with Cointelegraph. Lennix Lai — OKX: Crossing $100,000 Lennix Lai, global head of trading at cryptocurrency exchange OKX, predicts Bitcoin will hit “over $100,000” on the last trading day of 2024.
USDT-denominated Bitcoin (BTC) perpetual contracts are currently showing signs of over-leverage, with the “open interest to USDT reserve” ratio hitting a record high of 0.593 on November 10, according to data from CryptoQuant. CryptoQuant CEO Ki Young Ju said the level is now 2.7 times higher than in February when the ratio first crossed the danger zone in 2024. He also added that while a new Bitcoin high is yet to be determined, a sharp correction will occur when this leverage is released. However, he remains optimistic about BTC's long-term prospects.
BlackRock’s Bitcoin ETF Rises to Top 1% in Record 211 Days
BlackRock's iShares Bitcoin Trust (IBIT) has surpassed all Bitcoin ETFs launched over the past decade in total asset value. On November 13, Bloomberg ETF analyst Eric Balchunas said IBIT reached $40 billion in assets, just two weeks after hitting $30 billion. The achievement was achieved in a record 211 days, nearly six times faster than the previous record of 1,253 days for the iShares Core MSCI Emerging Markets ETF (IEMG).
Dogecoin (DOGE) surges nearly 50% as traders aim for a price target of $1
Dogecoin (DOGE) continues its strong upward trend for four consecutive days with a price increase of nearly 50% in the past 24 hours, sparking hopes of reaching the $1 price target. Today, DOGE has crossed the $0.41 mark for the first time since May 2021, when it reached an all-time high of over $0.70. Over the past week, DOGE has provided over 150% returns for investors and has nearly tripled in value over the last 30 days, data shows.
Cryptocurrency market capitalization reaches $3.1 trillion, nearing the GDP of France
The cryptocurrency market cap has just reached a new record level of $3.12 trillion – approaching the Gross Domestic Product (GDP) of France. On November 11, the total market cap of the cryptocurrency market surged 7% within 24 hours, thanks to the strong momentum of Bitcoin as the coin hit $89,500. If the cryptocurrency market is viewed as an economy, its size would rank 8th in the world by GDP, just behind powerhouses like the United States, China, Germany, Japan, India, the United Kingdom, and France.
Bitcoin ETF funds may surpass gold ETF funds within 2 months
As of November 11, spot Bitcoin ETF funds traded in the U.S. are managing assets amounting to 84 billion USD, equivalent to about 66% of the total assets under management (AUM) of gold ETF funds. Eric Balchunas, a senior ETF analyst at Bloomberg, stated that the current growth rate of spot Bitcoin ETF funds could help them surpass the total AUM of gold ETF funds within the next two months. This is notable compared to his initial forecast, which estimated around four to five years.
Bhutan's Bitcoin Reserve Exceeds $1 Billion, Sparking Speculation About the Country Accumulating Assets
Bhutan's Bitcoin reserve has quietly risen to over $1.1 billion, making this small kingdom in the Himalayas a unique player in the national asset arena. According to data from Arkham Intelligence, Druk Holdings – the government-owned investment fund of Bhutan – is believed to have accumulated over 12,500 BTC, demonstrating a strong commitment to digital assets as countries increasingly view crypto as a strategic asset.
Bitcoin hits $89,000 helping MicroStrategy break a 24-year record from the dot-com bubble
Bitcoin continues to rise to a new record high, surpassing the $89,000 mark at 6:00 AM today, November 12, up an additional 11.4% in the past 24 hours. According to data from Coingecko, the new record high of this largest and oldest cryptocurrency reached $89,600. The current market capitalization of BTC is approximately $1.77 trillion, surpassing the value of silver. This shift has occurred at least once this year, driven by positive sentiment surrounding Bitcoin ETF funds since March.
Stacks plans to launch sBTC upgrade in early December
The founder of Stacks, a blockchain designed to scale bitcoin, just revealed that a major upcoming upgrade of the network is on the horizon. Muneeb Ali, co-founder of Stacks and CEO of Trust Machines – a company developing applications on bitcoin and related networks, announced in a post on X that the upcoming sBTC token of the network may launch as early as next month.
Dogecoin up 62% this week – the same pattern as 2020 suggests DOGE could continue to break out
Dogecoin (DOGE), the largest memecoin in the world, is experiencing a remarkable breakout, up 62% this week and recording the most impressive performance since February. The weekly price chart analysis of DOGE shows that this cryptocurrency is recreating the pattern from late 2020, when the price surged 1,500%, reaching a peak of $0.73 in early May 2021. DOGE's latest growth occurred right after the U.S. presidential election and a year of sideways accumulation, similar to trends seen in late 2020 and 2016.
Near plans to build the world's largest 1.4 trillion parameter open-source AI model
Near Protocol has announced an ambitious plan to build the world's largest open-source artificial intelligence model on the opening day of the Redacted conference in Bangkok, Thailand. The model with 1.4 trillion parameters will be 3.5 times larger than Meta's current open-source Llama model. The model will be developed through a competitive research and development process involving thousands of contributors on the new Near AI Research platform, with members able to participate in training a smaller model with 500 million parameters starting today, November 10.
These 3 altcoins will unlock a large number of tokens in the coming week
The unlocking of tokens is an important event in the cryptocurrency market, significantly affecting the value and liquidity of tokens. In the coming week, major projects like Aptos, Starknet, and Arbitrum will unlock a large number of tokens, causing significant changes in the circulating supply. For investors and the community, monitoring these unlock events is crucial to better understand market movements and prepare for potential volatility.
Robert Kiyosaki Reveals Bitcoin Holdings and Plans to Buy More BTC at Any Cost
Robert Kiyosaki, the famous author of the book 'Rich Dad Poor Dad', shared his views on investing in assets such as Bitcoin, gold, silver, and real estate, and revealed plans to buy more Bitcoin in the near future, regardless of prices. In a post on social media X on Friday, Kiyosaki detailed how he built wealth through assets that he considers 'real money', including Bitcoin, gold, and silver.