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Glassnode Identifies Signs of a Late Bull Market Stage

Glassnode Identifies Signs of a Late Bull Market Stage

A sharp increase in the “network wealth” of new Bitcoin investors, coupled with active coin distribution by hodlers, indicates a transition to the late stage of a bull market, according to Glassnode. #Bitcoin continues trading above the psychologically important $100k price level, supported by a consistent inflow of capital. Long-Term Holders are capitalizing on this […]

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AI Tokens Deemed Most Promising by 24% of Binance Users

AI Tokens Deemed Most Promising by 24% of Binance Users

Binance conducted a survey among 27,000 users from six continents to gauge their opinions and expectations for 2025. AI tokens emerged as the preferred choice. A significant portion of respondents anticipate greater market maturity. Some 19.39% expect tighter regulation, while 16.1% foresee involvement from traditional financial institutions. Meanwhile, 16.51% predict widespread blockchain adoption in real-world […]

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CoinDesk Faces Pressure Over Justin Sun Article

CoinDesk Faces Pressure Over Justin Sun Article

Bullish, the parent company of CoinDesk, demanded the removal of an article that mentioned Tron founder Justin Sun in an “inappropriate” manner. This was reported by Fortune, citing unnamed sources. The conflict arose from an article about Sun purchasing and consuming a banana taped to a wall, valued at $6.24 million. The author expressed confusion […]

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Microsoft Highlights AI Innovations for 2024

Microsoft Highlights AI Innovations for 2024

Microsoft showcased nine examples of the rapid development and application of artificial intelligence in 2024. The highlighted areas include: cancer research — the Curie Institute has begun developing an AI agent in collaboration with Microsoft and Witivio. The neural network will handle some administrative tasks, freeing scientists for more critical research; integration into industrial production […]

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Fed Chair Dismisses Idea of US Bitcoin Reserve

Fed Chair Dismisses Idea of US Bitcoin Reserve

Jerome Powell, Chairman of the Federal Reserve, indicated that the institution is not interested in establishing a national bitcoin reserve. Following the statement, the cryptocurrency’s price barely held the $100,000 level. On December 18, the Federal Reserve announced a reduction in the key interest rate by 25 basis points, bringing it to 4.25-4.5% per annum. […]

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Kraken Launches Ink, an L2 Solution, Ahead of Schedule

Kraken Launches Ink, an L2 Solution, Ahead of Schedule

On December 18, Kraken developers launched the mainnet of the L2 solution Ink on the Ethereum blockchain. The release was initially scheduled for the first quarter of 2025. We’re excited to announce Ink is live on mainnet! Months ahead of schedule, we’re officially launching as part of the Optimism Superchain. This is just the beginning […]

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Exodus Wallet Developer's Shares Surge 36% Following NYSE Debut

Exodus Wallet Developer’s Shares Surge 36% Following NYSE Debut

On December 18, trading commenced for shares of the non-custodial software developer Exodus Movement under the ticker EXOD. By the end of the day, the stock had soared by 36.3%, with a market capitalization reaching $1.43 billion. At its peak, the stock was valued at $67, but by the close of trading, it had adjusted […]

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Bitcoin Dips Below $104,000 Following Fed Rate Cut

Bitcoin Dips Below $104,000 Following Fed Rate Cut

On December 18, the United States Federal Reserve reduced the target range for the key interest rate by 25 basis points to 4.25-4.5% per annum. This marks the third consecutive cut since September. The decision aligned with market expectations and the consensus forecast of analysts. “Recent indicators suggest that economic activity continues to expand at […]

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Australian Regulator Accuses Binance of Consumer Rights Violations

Australian Regulator Accuses Binance of Consumer Rights Violations

Retail clients of Binance in Australia were not adequately protected from risky derivatives, resulting in significant losses. This was stated in a lawsuit filed by the ASIC. According to the complaint, from July 2022 to April 2023, Oztures Trading Pty Ltd (trading as Binance Australia Derivatives) mistakenly classified 505 clients—83% of its users—as “wholesale” investors. […]

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Polygon Faces Backlash Over $1.3 Billion Reserve Investment Proposal

Polygon Faces Backlash Over $1.3 Billion Reserve Investment Proposal

The Polygon community has rejected a preliminary proposal to utilise over $1.3 billion in reserves held in DAI, USDC, and USDT for profit generation. RE: Stake the Bridge proposal and Aave’s “Operation Polygon(e)” Recently, a pre-PIP went live from @AllezLabs and @Yearnfi regarding the staking of Polygon PoS bridge funds. A pre-PIP is exactly what […]

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Deutsche Bank to Launch Ethereum L2 Using ZKsync

Deutsche Bank to Launch Ethereum L2 Using ZKsync

Deutsche Bank plans to launch an Ethereum Layer 2 solution utilizing the ZKsync stack. This was reported by Bloomberg, citing Boon-Hiong Chan, the bank’s head of applied innovation in the APAC region. The initiative aims to address compliance challenges associated with public blockchains. The organization also intends to enhance efficiency and reduce operational costs. According […]

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Coinbase Cites Justin Sun Concerns in WBTC Delisting Decision

Coinbase Cites Justin Sun Concerns in WBTC Delisting Decision

The delisting of WBTC was deemed a necessary measure to protect Coinbase and its users from risks associated with the project’s ties to Tron founder Justin Sun. This was stated by the exchange’s lawyers on December 17, as per their announcement. According to the platform’s latest arguments, the issue lies in the token’s connection to […]

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