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Solana's price is up 40% this week due to easing FTX-dump fears and growing Bitcoin ETF buzz, while SOL/USD technicals hint at more upside. The price of Solana (SOL) has soared 40% this week to establish a new 2023 high at around $58.  That is Solana's best weekly performance since January 2023. Many factors have contributed to the gains, including a general cryptocurrency market uptrend led by Bitcoin ETF euphoria and growing appetite for risk overall. Solana (SOL) weekly price chart. Source: TradingView FTX-dump fears fails to shake Solana bulls Solana's rise coincides with the daily selling of 250,000-750,000 SOL tokens by FTX bankruptcy estate in the last two weeks. FTX has been selling between 250k-700k $SOL every day for the last 2 weeks while price has either been going up or sideways. so far its been getting absorbed like a champ and at current rate their unlocked tokens should be depleted within a week. once this seller is gone i can… pic.twitter.com/AtnTqz3uxG...

The Tron founder said Poloniex hackers have seven days to return a bulk of the funds in exchange for a white hat bounty or law enforcement would be engaged for a remedy. Justin Sun provided three wallet addresses to which hackers could transfer the stolen funds. Sun also added that an internal investigation was underway and affected assets would be fully reimbursed as the platform maintains a “healthy financial position”. We are offer ing a 5% white hat bounty to the Poloniex hacker. Please return the funds to the following ETH/TRX/BTC wallets. We will give you 7 days to consider this offer before we engage law enforcement. ETH Wallet: 0x176F3DAb24a159341c0509bB36B833E7fdd0a132 TRX:… — H.E. Justin Sun 孙宇晨 (@justinsuntron) November 10, 2023 Blockchain security firm PeckShield alerted community members to outflows from Poloniex hot wallets on Nov. 10. As crypto.news reported, the losses were initially estimated at around $33 million but this number was later updated to over ...

PEPE meme coin surges 10% in 24 hours, driven by increased social media buzz and whale activity. Santiment reports a 105% rise in PEPE’s social volume, hinting at growing enthusiasm. Renowned crypto figure Glauber Contessoto adds PEPE to his top ten coins to watch, potentially boosting interest further. PEPE bulls enjoyed the upper hand in the previous 24 hours, pushing the price to a two-week high of $0.000001345. This jump coincides with increased social media conversation and a frenzy of activity by more significant investors, dubbed “whales.” This rising social media talk and engagement from more significant investors indicates growing interest and trust in PEPE. Whales and Social Buzz Fueling PEPE’s Rise Significantly, the meme coin, currently trading at $0.00000129, has seen a 10% increase in the last day alone. In addition, the market capitalization ballooned by over 11% to approximately $540 million, coupled with a trading v...

Bitcoin [BTC], the world’s largest crypto , is currently on an intriguing journey. According to the analyst Michaël van de Poppe, the king coin is expected to see a notable rise. His Analysis reveals that Bitcoin is expected to maintain a price range of $45,000 to $50,000 as it enters a new phase. Bitcoin’s halving is a prominent event that is slated to occur in April 2024. It's expected to see #Bitcoin reach $45,000-50,000 pre-halving, after which we'll have a heavy correction back to $32,000-35,000 and consolidate from there. Cycles repeat themselves and #Bitcoin has been suffering a lot the past two years. — Michaël van de Poppe (@CryptoMichNL) November 9, 2023 The analyst also notes that the asset could also witness a correction. Bitcoin following its surge is expected to dip back down to the $32,000 to $35,000 zone. This forecast coincides with Bitcoin bidding farewell to its period of accumulation. It is reportedly venturing into the initi...

A previous period of gains in the crypto currency world saw Bitcoin (BTC) rise in value, which hasn’t gone unnoticed by investors and trading platforms alike, with news of Robinhood launch ing BTC and crypto trading in the EU and UK. The commission-free trading app enabling investors to trade stocks, options, popular crypto currencies, and ETFs has expanded its offerings in response to the increasing competition in the market. In the most recent expansion of its offerings, this company has decided to extend its services to EU and UK traders. As reported by Robinhood in their Q3 report on November 7. The report saw this trading platform’s shares dipping approximately 10% post-announcement, reflecting more cautious investor responses that may be the reasoning behind this future expansion into new markets to stave off drawbacks from the previous adverse events. Cryptocurrency Is the crypto rally overachieving? Insights from JPMorgan Cryptocur...

ZachXBT noted that Coinspot suffered a hack that drained over $2 million from two of its wallets.  Etherscan data shows the alleged hacker has transferred and swapped the funds since the hack.  Data also show the obtained funds have been transferred to several newly created accounts to hide the assets’ movements. Coinspot, a crypto exchange in Australia, seems to have fallen victim to an exploit that drained assets worth $2 million from two of its wallets.  Popular on-chain crypto sleuth ZachXBT noted the exploit in a post on his Telegram channel. Notably, ZachXBT cited two transactions from the wallet as evidence of the hack. One of the transfers saw 1,262 ETH leave Coinspot’s wallet for the presumed hacker’s wallet, while 20.99 ETH was sent to the same account in the second transaction. Data from Etherscan confirmed these transactions from Coinspot to the alleged hacker’s wallet. At the time of press, the 1,262 ETH are worth around $2.4 mi...

October marks a significant uptick in cryptocurrency trading , with volume s hitting a seven- month peak driven by major digital asset rallies and ETF speculation. In a recent update from the cryptocurrency market analytics firm CCData, a notable surge in trading volumes on centralized digital asset platforms was observed for October. This marks a significant change in the trend after a period of reduced trading activity, with the reported volume reaching $632 billion. The increase is a striking 87.2% jump from September’s figures. The analysis from CCData highlighted that the volume of spot trading in October scaled heights untouched since March. Centralized exchanges haven’t witnessed such an amount of monthly spot trading since March 2023, with the leap from the previous month being the most pronounced since January 2021. You might also like: U.S. SEC reviewing BlackRock Bitcoin ETF application; Polkadot, Cosmos, and new coin may soar on approval Data fr...

Conflux partners with Protofire,  a collective of blockchain experts who are passionate about building decentralized technology. This collaborative effort holds the potential to revolutionize the world of decentralized applications. Collaboration Between Conflux and Protofire to Address the Blockchain Trilemma Conflux and Protofire have joined forces to tackle the blockchain trilemma, a significant challenge in the world of decentralization. This collaboration aims to achieve scalability and security by enhancing Conflux’s Tree-Graph consensus mechanism. With the help of Protofire, Conflux is dedicated to resolving the blockchain trilemma. Protofire’s seasoned team of developers will lend their expertise towards Conflux’s ambitious global undertaking by managing the technical aspects of the decentralized ecosystem. “We are thrilled to announce an upcoming alliance with Protofire. This pivotal collaboration will serve as a gateway for integrating top-tier blockcha...

Stablecoin issuer Circle Internet Financial is considering going public, although no final decision has been made yet. USDC issuer Circle Internet Financial Ltd. is weighing an IPO in 2024, three years after the firm announced its plans to go public via a special purpose acquisition company (SPAC) deal with Concord Acquisition Corp. According to Bloomberg, the Boston-headquartered firm is now in talks with advisers. No final decision has been made so far, as discussions are still ongoing. While Circle neither confirmed nor denied the report, its spokesperson told Bloomberg that “becoming a U.S.-listed public company has long been part of Circle’s strategic aspirations.” Circle’s IPO plans Initially, Circle planned to become a publicly listed company in July 2021. However, in 2022, the USDC issuer announced a new deal with Concord Acquisition Corp., bringing its value to $9 billion. Nonetheless, its much-talked-about and highly publicized SPAC deal failed to...

The capital will be dedicated to supporting Web3 startups in Asia. Vietnamese Web3 coalition Ninety Eight, creator of the Coin98 decentralized finance (DeFi) ecosystem , has launched a $25 million ecosystem fund dedicated to accelerating Web3 startups in Asia. According to the Nov. 7 announcement, the fund will provide financial and strategic support for selected startups. In addition, startups can use the firm's existing Viction layer-1 blockchain infrastructure for low-gas fee transactions and enhanced security.  Another key aspect of the Ninety Eight Ecosystem Fund is its native token, $C98, designed initially as a wallet token. The $C98 token allows users to store, send, receive, and manage crypto assets, as well as connect to decentralized applications on over 40 blockchains. Its namesake DeFi platform provides users access to cross-chain swaps, staking, and yield farming. "To ensure the efficient deployment of the Ecosystem Fund, we have entrusted Arche Fund, a ventu...

Santiment reveals the top cryptocurrencies, considering their development activity over the past 30 days.  Cardano ranks first in development activity, with 502.57 notable github commits. DOT and KSM share the second position, boasting 484.23 github commits. Cardano’s (ADA) has been garnering attention with its highest development activity in the past 30 days. Polkadot (DOT) and Kusama (KSM) are also on track, sharing the second position in development activity. Today, Santiment, a market intelligence platform, published a post on X, sharing insights on the top cryptocurrencies by development activity. On the top of the list are ADA, DOT, KSM, HBAR, APT, SNT, LINK, ATOM, ETH, and VEGA. ‍ Here are #crypto's top coins by development activity: notable #github commits, past 30d: 1 @Cardano $ADA T2 @Polkadot $DOT T2 @kusamanetwork $KSM 4 @hedera $HBAR 5 @AptosLabs $APT 6 @ethstatus $SNT 7 @chainlink $LINK 8 @cosmos $ATOM 9 @ethereum $ETH 10 @vegapr...

If you work in Finance or are learning how to, the term “hedging” is one that you should be aware of. In the stock market, hedging is a way to get portfolio protection which is often just as important as portfolio appreciation. Here’s what you need to know about Hedging in Finance, including what exactly it means and how it works. What is Hedging in Finance? Source: Finance Monthly Hedging is a risk management strategy employed to offset losses in investments by taking an opposite position in a related asset. In simpler terms, when investors decide to hedge, they are insuring themselves against a negative event’s impact on their finances. It’s important to note that this doesn’t prevent a negative financial event from happening. However, if one does happen, hedging funds prevents the event from having a serious and strenuous effect on your finances/investment. For example, if you buy homeowner’s insurance, you are hedging yourself ag...

Liquidity on the Arbitrum ecosystem has increased since the STIP grant to several projects. ARB may reach $1.20 if the RSI reading crosses 65.00. The MACD indicated that ARB may retrace, so traders may need to refrain from long positions. The price of Arbitrum (ARB) in the last seven days has grown by 15.56%, according to data from price tracking platform CoinMarketCap. While the growth may be connected to the rising tide of altcoin prices of late, there are also some underlying factors that have kept ARB on the upside. For one crypto researcher known as Emperor Osmo, ARB’s increase was connected to Arbitrum’s Short-Term Incentive Program (STIP). In October, Arbitrum announced that it was giving a number of project short-term grants. STIP Pushes the Recovery After a period of screening, applicant projects including GMX, Gains Network (GNS), and 27 others won a share of the program’s funding. According to Osmo, the program has been vital to the jump in...

According to WhaleAlerts, an XRP whale has transferred 23.8 million tokens worth $16.1 million to the crypto exchange Bitstamp. The transfer of assets to an exchange is bearish as it opens up the possibility of being dumped. Also Read: Solana: FTX Transfers $31 million SOL To Binance, Price Dips 3% Source: Whale Alerts The whale’s transfer comes amid XRP’s latest price surge. The token is up by 9.1% in the last 24 hours and by 23.4% in the weekly charts. The asset is also up by almost 99% since January 2023. Source: CoinGecko The whale may be booking profits, given the crypto’s incredible performance this year. Moreover, the asset was deemed not a security by a U.S. court, which has significantly led to a rise in popularity. However, the whale may be anticipating a price correction and perhaps wants to sell before prices dip. Will XRP’s price fall? Source – Coinpedia A liquidation of $16 million worth of tokens could have a significant impact...

The new crypto bull run is here. Bitcoin price has skyrocketed from last year’s low of $14,900 and is now comfortably above $35,000. Ethereum is nearing $2,000 while the total market cap of all digital currencies has surged to over $1.3 trillion. There are two primary drivers for the ongoing crypto bull run. First, the Federal Reserve has left interest rates unchanged for two meetings straight and hinted that it may be done hiking. Other central banks like the European Central Bank (ECB) and Bank of England (BoE) have done the same. Second, there are increasing hopes that the Securities and Exchange Commission (SEC) will approve the Bitcoin ETF. Some of the top companies that have applied for these ETFs are Blackrock (biggest asset manager in the world), Invesco, Franklin Templeton, and Ark Invest.  Memecoins are doing well The new Bitcoin bull run has attracted many investors to meme coins. Pepe coin, the popular token launched a few months ago, jum...

Ethereum’s oldest NFT marketplace is downsizing its workforce as part of a “2.0 strategy” focused on community, product, and reliability.  Devin Finzer, OpenSea co-founder and CEO, disclosed job cuts on Nov. 3 via a thread on X, formerly Twitter. Finzer’s post explained that the decision was necessitated by a rethink of OpenSea’s “operating culture, product, and tech from the ground up”.  The move is part of “OpenSea 2.0” as the digital collectible trading hub moves to expand its dominance within the non-fungible token (NFT) market. Around half of the workforce were reportedly impacted by the decision. We will change how we operate – shifting to a smaller team with a direct connection to users. So today, we’re saying goodbye to a number of OpenSea teammates. This is the most difficult part of this change. These folks played a key role in getting us to this point and I’m incredibly thankful for their contributions. Devin Finzer, OpenSea CEO and founder 1/...

XRP’s monthly chart indicated that there is strong bullish momentum backing the altcoin’s price. EGRAG CRYPTO predicted that XRP could look to target $0.80 very soon. At press time, XRP was worth $0.6042 after its price dropped 1.03% in the past 24 hours of trading. The well-known cryptocurrency analyst and trader, EGRAG CRYPTO, shared in an X post today that he is excited about what the price of Ripple (XRP) will do next.  The analyst pointed out in the post that XRP is currently trading in a very strong upward trend on its monthly chart. Additionally, EGRAG CRYPTO pointed out that the remittance token is trading comfortably above the 21 EMA, which suggests strong bullish momentum backing XRP’s price. The analyst predicted that the next milestone for XRP will be $0.80 and then $1.3, but highlighted that these targets will only be the tip of the iceberg. #XRP Train Left the Station (Update): Take a look at this Monthly Time Frame chart! #XRP is on a ...

Federal law enforcement has significantly impacted the realm of crypto crime. U.S. Attorney Philip R. Sellinger recently disclosed the confiscation of $54 million worth of digital currencies. This was from the leader of a notorious drug ring in New Jersey, Christopher Castelluzzo. This revelation unveils the complex network of crypto transactions intertwined with the unlawful actions of Castelluzzo and his co-conspirators. The digital assets totaling $54 million were detected within wallets linked with Castelluzzo, who orchestrated a drug ring operational between 2010 and 2015. These funds were determined to be the profits generated from Castelluzzo’s illicit activities. This involved mail-order cocaine and designer DRUGS during that period. These operations, identified as ‘Skin Deep’, took place on darknet forums, with Bitcoin serving as the primary method of payment. Castelluzzo subsequently converted his Bitcoin holdings into other crypto , including Ethereum (...

As the development team around Cardano (ADA) continues to work hard on building its ecosystem, including launching new products and updates, Cardano’s founder , Charles Hoskinson, has expressed his disappointment with the criticism coming from the ADA community itself. Specifically, one of the members of this community stated in his X post that he was “not a fan” of Input Output Global’s (IOG) announcement regarding the addition of the non-custodial wallet platform Nami, developed by Alessandro Konrad, to its product family on November 1. Yeah, i'm not a fan of this announcement from what was stated. Big thumbs down from me -tbh I didn't expect this, can someone tell me why this is good thing for the Cardano eco-system, because I'm really on the fence with this being transparent, there is already very healthy… https://t.co/K40DeEeNcT — Dave ‍ (@beaumont_dvd) November 1, 2023 Responding to Dave’s comment, another member of the Cardano community asked a rhetori...