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Prices are up 14% for the month, with gold registering a much lesser 6.7% gain. Gold, however, picked up a bid a week before bitcoin, as the outbreak of tensions between Israel and Hamas, alongside continued speculation about the end of the Fed tightening cycle, signaled an inflationary regime ahead. Source
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All major tokens reversed losses from the past week, bitcoin jumped above $30,000, and ether (ETH) crossed the $1,600 mark on Friday. XRP gained 7.2% after a key court decision favoring payments firm Ripple helped improve sentiment. Meanwhile, Solana’s SOL rose 12%, extending its weekly gains to over 25%. Original Source
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Lido Finance, the liquidity staking platform, has stopped its Solana liquid staking service after voters supported the proposal. At the same time, the price of Cardano has dropped, causing panic among investors. A new project has appeared, offering unique rewards for staking. Everlodge will allow holders of its native token, ELDG, to
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“Bitcoin has also been encouraged by possible ETF approval and an increasing number of ETF submissions by leading companies,” shared Lucy Hu, senior trader at Metalpha, in a message early Friday. “The SEC opted for a no-appeal on Grayscale’s ruling, and as the deadline for BTC spot ETF applications from
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The ongoing Israel-Gaza conflict has also played a significant role in the oil market’s turbulence. Oil prices have exhibited a significant level of volatility in the past few days. Following a 2% increase the previous day, oil prices plummeted, owing mostly to the United States’ decision to lift sanctions on OPEC
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Two Fantom Foundation wallets on Ethereum and the Fantom Network have fallen victim to a phishing attack, losing over $650,000, according to reports from
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Moons (MOON), the native token of Reddit's r/CryptoCurrency community, is lower by 85% on the news, while Bricks BRICK, distributed as a reward for contributions in the r/Fortnite subreddit, is down 67%. Donut DONUT the token that represents the community points of the r/ethtrader subreddit is off 66%. Source
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“Relative to other assets, the risk vs. reward (or upside vs. downside) of crypto looks much better relative to other asset classes,” said Solo Cessay, co-founder of social app Calaxy, in a note to CryptoX. “Crypto looks like it has the best upside vs. downside potential, given the current asset
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The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions on Thursday targeting two tanker owners involved in shipping Russian oil that exceeded the established price cap. In a recent development, oil prices saw a remarkable surge, rising by 4% earlier today, following the United States’ decision
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“After the exuberance of the last few years, we’ve seen a large flight to quality, both in terms of providers and assets,” said Dan O’Prey, Chief Product Officer of Bakkt in a note to CryptoX. “Bitcoin, being the most decentralized and secure asset, has also benefited from flows from the
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