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Another SEC Democrat to Drop Out, Leaving Republicans Running Agency by February
Another Democratic commissioner on the Securities and Exchange Commission is following Chair Gary Gensler out the door in January, leaving the agency with a Republican majority as it weighs a likely course shift under the new administration of President-elect Donald Trump.
Binance Boosts Compliance Staff by 34% Year-Over-Year, Citing Industry’s ‘Rapid Maturation’
Binance, the world’s largest crypto exchange, says it expects to have 645 full-time compliance employees on staff by the end of the year — a 34% increase from last November — as it continues to rapidly build out its compliance department.
U.S. SEC Loses Crypto Lawsuit Over 'Dealer' Definition That Pushed Into Crypto
A Texas federal court has rejected the U.S. Securities and Exchange Commission's recent rule expanding the definition of a securities dealer to include a wider swath of firms — including some in the cryptocurrency sector. This adds a significant legal loss to the crypto legacy of SEC Chair Gary Gensler on the same day he announced his January departure.
Crypto for Advisors: 2024 - Bitcoin’s Year?
2024 has been a year of significant progress for the crypto industry, as bitcoin adoption has reached new heights and regulatory clarity has emerged. In this wrap-up, we will take a closer look at the key events and trends that have shaped the crypto space.
Crypto Agents and Verifiable Systems Are the Future of Safe, User-Centric Tech
Rather than “giving power to the machines,” AI agents give users autonomy to handle complex processes, acting as reliable allies in an increasingly complicated and opaque digital landscape, says David Sneider, Co-founder of Lit Protocol.
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It’s Scam Awareness Week at Kraken and we’re sharing tips to help you safeguard your digital finances.
Hi Redditors! As the world of digital finance continues to evolve, it's essential to stay informed about the risks associated with fraudulent activities. It has been estimated that around $485.6 Billion was lost in Scams & Schemes in 2023 (source - NASDAQ 2024 Global Financial Crime Report). During Scam Awareness Week, we aim to educate users on how to protect themselves from scams and highlight the industry's efforts to create a safer ecosystem. Follow our socials for more scam awareness tips and be sure to tune in this Thursday November 21st at 1pm ET (18:00 UTC) for a special live stream with Scam-baiter Kitboga and Kraken’s CISO Nick Percoco. Tune in on Kit’s Twitch! (ICYMI the last time Nick P & Kitboga got together, they got revenge on an extortion scammer. https://www.youtube.com/watch?v=RfgqMVheROA) There’s a lot of advice out there, here are some practical tips... https://preview.redd.it/tkoiyhuroh1e1.png?width=1920&format=png&auto=webp&s=20fec62f42742c9a907ab2ac7e3b160003f1245d Stay Skeptical In today’s world, scams are more sophisticated than ever, so staying skeptical is a must. If something seems too good to be true—whether it’s a “prize” you never entered to win or a quick, guaranteed investment return—trust your gut and question it. Scammers often use excitement or urgency to push you into acting fast. Instead of rushing, pause and double-check. Search for reviews, verify contact info independently, and never feel pressured into making a decision on the spot. When it comes to unexpected offers or requests, a little doubt can go a long way in protecting you. Boost Your Security Strengthening your digital security doesn’t have to be complicated, but it makes a world of difference. Start with the basics: use strong, unique passwords for each account (a password manager can help!), turn on Two-Factor Authentication (2FA) wherever possible, and update your software regularly to stay protected from vulnerabilities. Check your accounts every so often for any strange activity, and see if your email or usernames have been involved in any data breaches on sites like haveibeenpwned.com. These small steps are like locking your doors online—they make you much harder to target. Stay Calm Scammers often play on fear, urgency, or excitement to get you to act without thinking. Whether it’s a supposed “emergency” call from a fake tech support rep, a warning about “suspicious” bank activity, or even a message from a “loved one” needing money urgently, stay calm. Taking a breath and assessing the situation will help you avoid falling for these high-pressure tactics. Think carefully, verify independently, and remember that legitimate companies won’t rush you into decisions. Keeping calm is one of the best ways to see through a scam. Remain Private Your personal information is valuable, and scammers are eager to get their hands on it. Be cautious with what you share online—whether it’s on social media, forms, or even email. Only provide sensitive details when you’re sure who you’re dealing with, and verify that they truly need that info. Take a moment to review your privacy settings on apps and limit permissions to only what’s necessary. It’s easier than you might think for scammers to piece together small bits of info to impersonate you or access your accounts, so keeping your details private is essential. Be Vigilant Scammers and hackers are always on the lookout for openings, so a little vigilance goes a long way. Double-check URLs and email addresses for minor errors—they’re often a sign of phishing. Don’t open attachments or click on links from unexpected emails, and keep an eye on your accounts for unusual activity. Regularly check if any of your info has been exposed in a data breach (haveibeenpwned.com is a great tool for this) and secure your accounts if needed. Staying vigilant helps you spot red flags early and keeps you one step ahead of potential threats. We’d like to thank you for taking the time to read these tips—staying informed is half the battle! Keep an eye out for more security themed content on Kraken’s Twitter, Instagram, LinkedIn and TikTok this week. Until then, stay safe out there. Kraken’s Official Social Channels: https://x.com/krakenfx https://www.instagram.com/krakenfx/ https://www.linkedin.com/company/krakenfx/ https://www.tiktok.com/@krakenfx https://www.youtube.com/@KrakenCryptoExchange submitted by /u/krakenexchange [link] [comments]
Daily Crypto Discussion - November 23, 2024 (GMT+0)
Welcome to the Daily Crypto Discussion thread. Please read the disclaimer and rules before participating. Disclaimer: Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here. Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams. Rules: All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect. Discussion topics must be related to cryptocurrency. Behave with civility and politeness. Do not use offensive, racist or homophobic language. Comments will be sorted by newest first. Useful Links: Beginner Resources Intro to r/Cryptocurrency MOONs 🌔 MOONs Wiki Page r/CryptoCurrency Discord r/CryptoCurrencyMemes Prior Daily Discussions - (Link fixed.) r/CryptoCurrencyMeta - Join in on all meta discussions regarding r/CryptoCurrency whether it be moon distributions or governance. Finding Other Discussion Threads Follow a mod account below to be notified in your home feed when the latest r/CC discussion thread of your interest is posted. u/CryptoDaily- — Posts the Daily Crypto Discussion threads. u/CryptoSkeptics — Posts the Monthly Skeptics Discussion threads. u/CryptoOptimists- — Posts the Monthly Optimists Discussion threads. u/CryptoNewsUpdates — Posts the Monthly News Summary threads. submitted by /u/CryptoDaily- [link] [comments]
It’s (literally) my birthday and I cash out if I want to
Fellow believers, I’ve entered the market in early 2017. BTC was at 4K back then. Family members and friends made fun of me (and they kept on doing so until tonight). Friends told me I was WAY too late to invest. I’ve watched this shit skyrocket to 10k, then 20k, then drop down to 3k, never move for 2-3 years, just to shoot up to 40, 50, 60k. But even then everyone belittled my investment (and mindset). When it dropped hard from 60 they felt validated. I never budged though. I truly did not care. Sure, it’s more fun when everything’s up. But I didn’t need the $$ so I was able to just ignore it. Tonight is my birthday. And I’m fucking cashing out xxx times my initial investment. Oh boy does it feel good. The best part? I’m still in the game. Still holding on to half of my BTC/ETH, but that’s now worth a lot more than my initial investment. A LOT. Tonight everybody who grinned at me for “wasting” my money looks stupid. Loved seeing their faces when I told them what I just transferred to my bank account. Tonight I’m grinning. Cheers brothers. Patience is king. I am the king tonight. Why haven’t I sold everything? Because this journey ain’t over. What I kept in my wallet will stay cold for the next 25 years. If you believe in this shit, keep at it. But don’t forget to take a little sweet profit here and there. Even if it’s every 8 years. Salut! submitted by /u/Thecableboii [link] [comments]
I'm buying ETH, because I believe ETH will hit $10K before BTC hits $100k and other traps we told ourselves in 2021
If you were around in 2021 you probably remember some of these: $1 Doge before $100k Bitcoin $10k ETH before $100k Bitcoin $4 Algo before $100k Bitcoin $5 Cardano before $100k Bitcoin $100 Link before $100k Bitcoin. $100 Dot before $100k Bicoin Bitcoin is edging $100K none of the alts are close to their 2021 target. Hell somehow Doge is the closest of all of those at 40% while others alts are barely 6% (looking at you ALGO) of their 2021 $100k BTC target. With this new cycle new bull targets are already being set up - I believe ETH will hit $10k before Bitcoin hits $300k I believe Algo will hit $1 before Bitcoin hits $300k etc.. The point is this line of thinking is a trap. In an alt season some alts may gain value against BTC in the short term but long term nearly ever alt will bleed value against BTC. Especially now with literal Bitcoin Reserves being discussed by governments around the world. Don't fall for the trap. submitted by /u/GabeSter [link] [comments]
2020 guy here and took profits today
It has been awhile! June 15th 2022 I switched to buying and not selling my crypto. The rest of that year I rode down the market, and then up in 2023. By early 2024 I was basically out of money to invest. I also did regular posts on what purchases were up, and down, and how Bitcoin was generally outperforming more and more alts through the bear market. I also shared throughout 2023 my plans I was making on profit taking and trying to reduce risk for myself while also trying to capture those really high gains. It was a "buy low and sell early" strategy. Meaning, that when I get to the point of feeling really greedy I should have probably sold more than half my alts. First rule that applied across the board for my 25 coins was if any ever reached a 10x, or 900% ROI, then if I hadn't already done so I MUST take back my full principle amount. Well today I took back my principle in its entirety on SOL with just shy of 10% of my holdings. So a little profits as well. To everyone who survived the bear market and has been here since the last bull run: congratulations! Aren't you all really excited right now? To all the newer people, take a long-term view at this. You could get lucky and have an altcoin go to moon, you might pick a project and only be up 300% in 6 months. Try to have a plan. Try to take back your principle. Wipe out your debt. Keep an emergency fund that is readily available. If the Bitcoin Strategic Reserve Bill gets passed (which, every level of government involved in the process is majority pro-Bitcoin) then this bullrun might be truly bananas. Capture those gains people, don't let them fall away from you. submitted by /u/LoquaciousLethologic [link] [comments]
XMR - the only cryptocurrency that can survive without CEXs?
As of this year, XMR has been delisted from all major centralized exchanges. For any other cryptocurrency, you would expect this to essentially kill the project and its value. But XMR has remained incredibly stable at its price point. It does work against Monero in bull runs like this however, when retail investors have no clear visibility of a way to buy it. For those interested r/Monero has great guides on this, and other aspects of the project. What are your thoughts on how Monero has managed to survive full delisting? Do you see it as the only truly decentralised cryptocurrency? Disclaimer: I’m not trying to shill, I own some XMR which makes up about 7% of my portfolio, I am fascinated by the project and where it might go from here submitted by /u/1097222 [link] [comments]
Could 2025 be the year crypto go mainstream?
Since the birth of crypto in 2009/10, there’s been several key events that has affected its adoption with major ones been: Hacks and fraud Centralization Scalability and Complexity: most network and chain at that time were reliant on PoW consensus mechanism (esp Bitcoin and Ethereum) which affected mass accessibility. Regulatory landscape Within this 14 years period, 2022 and 2024 stands out as the most significant for contrasting reasons: 2022 witnessed the period of highest amount of fraud (an estimated $2.57 billion of users fund was lost to hacks and fraudulent schemes during this period), black swans and regulatory backlash resulting in the fall of FTX, Celsius, 3AC, TerraLuna, Voyager, the high-flying NFT market and a few others. These incidents birthed a more amplified need for better regulatory framework. Several high GDP countries like the US, China and some EU countries began outlawing crypto. In response to this, the crypto market had its worst bear during this period with a dip below the $1 trillion market cap and a 'fear & greed index' below 6. Most crypto assets saw their lowest low in this period with BTC ($18k), ETH ($800), SOL ($11) and others. 2024 saw the introduction of scalable chains and networks like the L2s, use of blobs, upgrades to DAGs etc. With L2s, Arbitrum and ZK tech became scalability powerhouse in the Ethereum ecosystem leveraging the highly liquid ecosystem. Solana’s fire-dancer upgrade saw network adoption soar too. Then, the BTC spot ETF (with the options market already begun in Q4 2024) factor enters the debate seeing a multiple approval and halving set a new adoption race (attracting mainstream financial actors into crypto). However, one of the 4 major factors remain prevalent heading into Q4 of 2024 (regulatory landscape) but has already seen significant sway of sentiment with the: outcome of the 2024 US Presidential elections, upcoming resignation of SEC Chairman Gary Gensler court ruling of BTC as a legal asset in China adoption and use of MiCA (EU crypto regulatory framework) begining from December 30, 2024 impending approval of ETH and SOL spot ETFs Also, the introduction of BTCfi and Ethereum restaking might open the crypto ecosystem to more institutional investors heading into 2025. With all these events and more ecosystem upgrade expected in coming months, could 2025 finally be the year for that huge improvement in crypto adoption? submitted by /u/Sad-Struggle7797 [link] [comments]
Michael Saylor Reveals MicroStrategy Is 'Making $500M A Day' With Bitcoin: 'May Very Well Be The Most Profitable Company In The US Growing The Fastest Right Now' - Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC)
submitted by /u/WineMakerBg [link] [comments]
Can someone help me to understand this… strange transactions from my Coinbase Wallet
Went onto my Coinbase wallet having barely ever used it to see if I had any assets there, and I see these transactions which I cannot understand.. It looks like the one actual transaction I had, which was getting 3 dollars in Access for some Coinbase learn thing, had a solan fee that now says 5-10,000 Sol? To clarify, I’ve never had more than the $3 of access on here, I haven’t lost money, these aren’t my transactions. Am I missing something here? (Not going to be replying to people in messages asking for sensitive info so pls don’t bother) submitted by /u/1097222 [link] [comments]
How i predict the bullmarket will turn out
Recently my exchange made a survey where most people believe that Btc will Top at 120-150k. I assume most people think it will only 2-3x compared to last cycle because of law of diminishing returns and it barely did a 3,5x last cycle. However i believe that Btc will go much higher this cycle for the folowing reason The last cycle was suppressed by Ftx taking all the customer funds and not investing it into Btc. If Ftx actually did their job instead Btc would have surpassed 100k last cycle already. So i believe a 5-6x would have been the correct increase without the Ftx fraud. From 100k the top could increase by 3x-5x to 300-500k while still following law of diminishing returns. Thus my prediction will be: - Btc hits 100k and gets some mainstream attention - Btc hits 150k-175k and a lot of seasoned Investors will cash out due to law of diminishing returns. - Btc grows further past 250k, beating the law of diminishing returns - Btc gets massive mainstream attention and talks of a supercycle and it reaching 500-1000k this cycle become mainstream. Lots of new retail investors and people who cashed out earlier reinvest - Btc hits its top somewhere between 300k and 500k, before bottoming between 90k-150k submitted by /u/retrievedFirered [link] [comments]
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Gary Gensler’s Departure Is No Triumph For Bitcoin
As the upcoming Trump administration is gearing up to establish a regulatory landscape facilitating full-on anything-goes multicoinery, and with Gary Gensler gone, we could well see the most atrocious scam coins proliferate and soar— before they inevitably implode.
On-Chain Data Shows The Bitcoin Price Bull Run is Far From Over
Despite Bitcoin's recent rally, on-chain data reveals the bull market still has plenty of room to grow. Metrics like the MVRV Z-Score, NUPL, and Puell Multiple suggest Bitcoin is far from overheated, pointing to potential for significant upside in the months ahead.
The Bitcoin Pi Cycle Top Indicator: How to Accurately Time Market Cycle Peaks
The Bitcoin Pi Cycle Top Indicator has flawlessly identified every market cycle peak in Bitcoin's history. With its unique mathematical foundation and historical accuracy, could it predict the next top as Bitcoin evolves into a more mature market?
Bitcoin: The Key to Unlocking the Dream of Homeownership for a Generation Priced Out
As housing prices soar beyond reach for young generations, Bitcoin emerges as the ultimate savings tool, turning the dream of homeownership into a tangible reality. Could a single Bitcoin buy you a house in the near future? The answer may surprise you.
Bitcoin Hash Ribbons Indicator: Miners Show Unwavering Optimism as Hash Rate Hits New Highs
Bitcoin's hash rate is surging to new all-time highs, signaling strong miner confidence in the network's future. Discover how the Hash Ribbons Indicator helps decode miner sentiment and why this bullish crossover could hint at upcoming price momentum.
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Polymarket blocks French users amid regulatory probe
Polymarket, a leading blockchain-based prediction market, has restricted access to French users amid a government investigation into its compliance with national gambling laws, according to local media reports. The platform, known for enabling users to bet on real-world outcomes using crypto, implemented the block on Nov. 22. The move comes amid heightened scrutiny from France’s national […] The post Polymarket blocks French users amid regulatory probe appeared first on CryptoSlate.
VanEck maintains $180,000 Bitcoin target as bull market gains steam
VanEck’s latest Bitcoin (BTC) report reaffirmed its cycle price target of $180,000, citing strong bullish indicators that align with the current market rally. The asset manager highlighted key metrics, including funding rates, Relative Unrealized Profit (RUP), and retail interest trends, as signals that the bull market is still in its early stages. Bitcoin has soared […] The post VanEck maintains $180,000 Bitcoin target as bull market gains steam appeared first on CryptoSlate.
Trump’s election win revives push for comprehensive crypto reforms
Following Donald Trump’s election as the new US President, regulators are pushing for crypto market reforms, from establishing regulatory sandboxes to allowing tokenized funds’ shares as collateral in traditional derivatives trading. During an interview for Fox Business, SEC Commissioner Mark Uyeda said President-elect Donald Trump is right about stopping the war on crypto in the […] The post Trump’s election win revives push for comprehensive crypto reforms appeared first on CryptoSlate.
UK to introduce comprehensive crypto regulations in 2025 as global competition heats up
The UK is set to unveil a comprehensive crypto regulatory framework in early 2025, with plans to address oversight challenges for stablecoins, staking, and other digital asset services. The announcement was made during the City & Financial Global Tokenisation Summit in London on Nov. 22, signaling the Labour government’s intent to streamline rules for the […] The post UK to introduce comprehensive crypto regulations in 2025 as global competition heats up appeared first on CryptoSlate.
Blockchain Association urges Trump to tackle crypto reform in first 100 days
The Blockchain Association has urged President-elect Donald Trump to take immediate steps to bolster the US crypto industry during the first 100 days of his term, according to a letter sent on Nov. 22 The association’s proposals center on establishing a comprehensive regulatory framework for digital assets, ending discriminatory banking practices against crypto firms, and […] The post Blockchain Association urges Trump to tackle crypto reform in first 100 days appeared first on CryptoSlate.
Cboe unveils cash-settled spot Bitcoin options tied to ETF index
Cboe Global Markets is set to launch the first cash-settled options tied to the price of spot Bitcoin (BTC), with trading set to begin on Dec. 2, according to a Nov. 22 press release. These options will be based on the Cboe Bitcoin Us ETF Index (CBTX), designed to reflect the performance of spot Bitcoin […] The post Cboe unveils cash-settled spot Bitcoin options tied to ETF index appeared first on CryptoSlate.
Ethereum inflation soars amid Dencun changes—less than 100k ETH away from pre-Merge levels
Ethereum is undergoing its most prolonged inflationary period, with over 350,000 ETH (worth around $1.1 billion) added to its supply since the March Dencun upgrade, according to Ultrasound.money data. Ethereum’s current inflation rate is 0.35%. The increase has brought the total supply to 120.4 million ETH, leaving just under 95,000 ETH to match the levels […] The post Ethereum inflation soars amid Dencun changes—less than 100k ETH away from pre-Merge levels appeared first on CryptoSlate.
Binance user base surpasses 240 million as institutional onboarding doubles
Binance, the world’s largest crypto exchange, has exceeded 240 million users globally, according to a Nov. 22 statement shared with CryptoSlate. This number means that the crypto trading platform has added 70 million new users this year, considering it finished 2023 with 170 million users. So, if Binance were a nation, its population would rank […] The post Binance user base surpasses 240 million as institutional onboarding doubles appeared first on CryptoSlate.
Institutions using Bitcoin to support pension funds, adding BTC to loans
Newmarket Capital has completed a loan that combines traditional real estate financing with Bitcoin collateral, introducing a novel approach to lending reported on CNBC’s “Squawk Box” on Nov. 22. The loan refinances a 63-unit multifamily property in Philadelphia and incorporates 20 Bitcoin into the collateral package. The transaction allows the property’s sponsor to repay the […] The post Institutions using Bitcoin to support pension funds, adding BTC to loans appeared first on CryptoSlate.
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Bitcoin Hashrate Sets New All-Time High As BTC Nears $100,000
On-chain data shows the Bitcoin Hashrate has surged to a record value as the coin’s price has continued to explore new all-time highs (ATHs). 7-Day Average Bitcoin Mining Hashrate Has Shot Up Recently The “Hashrate” refers to a metric that keeps track of the total amount of computing power that the Bitcoin miners as a […]
Crypto Staking, Stablecoins In Focus As UK Prepares For Early 2025 Regulations
According to a Bloomberg report, the Keir Starmer-led Labour government is set to unveil comprehensive cryptocurrency regulations in early 2025. The announcement is expected at London’s City & Financial Global Tokenisation Summit. Crypto Regulations Are Coming To The UK A senior minister has confirmed that to align with digital asset regulatory developments in Europe and […]
Investment Giant Schwab Eyes Crypto As Incoming CEO Shares Insights On Digital Assets
Investment giant and financial service firm Charles Schwab appear to be eyeing crypto expansion. This move comes as the company is set to undergo a leadership transition, with Rick Wurster preparing to assume the CEO role on January 1, replacing Walt Bettinger. In a recent interview with Bloomberg, Wurster shared his thoughts on digital currencies […]
Trump’s Former CFTC Chair Considered For White House ‘Crypto Czar’ Position
As President-elect Donald Trump prepares to take office in January, a significant development is unfolding in the crypto space: Chris Giancarlo, nicknamed “Crypto Dad”, is emerging as a frontrunner for the newly proposed position of “crypto czar”. This role is intended to guide the administration’s approach to the $3 trillion digital asset market, according to […]
Dogecoin Whales Reactivate After Spending $214.5 Million To Buy 550 Million DOGE
Dogecoin whales are on a significant accumulation spree, as reports reveal that these large-scale token holders have bought over 550 million DOGE tokens. This massive accumulation trend comes as analysts predict that DOGE may be preparing for a major price leap. Dogecoin Whales Go On Massive Buying Trend Crypto analyst Ali Martinez has revealed that […]
Allianz Bets Big On Bitcoin With MicroStrategy Convertible Note Investment
Allianz SE, Europe’s second-largest insurance company and Germany’s largest, has acquired nearly 25% of MicroStrategy’s recent convertible note offering. The investment marks a substantial endorsement of Bitcoin by a major financial institution. Allianz Wants Bitcoin Exposure Allianz purchased 24.75% of MicroStrategy‘s $2.6 billion note sale intended for institutional investors, which closed on November 21. The […]
Coinbase CEO Brian Armstrong Finds Ally In Cardano’s Hoskinson For Crypto Czar Bid
When it comes to formulating policies and regulations for the cryptocurrency space, there is no better choice than appointing someone who has a great understanding of the ins and outs of digital assets. This is the conviction of Cardano founder Charles Hoskinson as he nominated Coinbase executive, Brian Armstrong, to be the “Crypto Czar” of […]
Bitcoin’s Social Media Speculation Heats Up, What’s Driving The Hype?
With its strong upside movements to new all-time highs in the last few weeks, Bitcoin is once again dominating the general cryptocurrency landscape, triggering a huge frenzy among community members across most major social media platforms. This surge in social media chatter is a sign of growing interest in the digital asset among investors and […]
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Dogecoin Price Chart Flashes Clean Bull Flag At $0.38, Here’s The Next Target
The Dogecoin price has recently exhibited a classic bull flag pattern on its price chart, a technical indicator often signaling continued upward momentum. The Dogecoin price has mostly traded below $0.4 in the past seven days on the back of a continued price consolidation. At the time of writing, Dogecoin is trading at $0.39, sitting firmly within the consolidation phase of this bull flag pattern. KrissPax Identifies Key Target For Dogecoin Price This development of a bull flag pattern was highlighted on the social media platform X by crypto analyst KrissPax, which relays to the current bullish sentiment surrounding the DOGE price. Particularly, this bull flag pattern was highlighted on the 2-hour candlestick chart of the Dogecoin price. Related Reading: Crypto Analyst Predicts 37% Upshoot For Dogecoin Price, Points Out Support Levels A bull flag pattern is characterized by a sharp price increase (the flagpole) followed by a period of consolidation in a downward-sloping channel (the flag). This formation suggests that, upon breaking above the upper trendline of the flag, the asset may resume its prior uptrend. In the case of the DOGE price, the flag pole was created by the Dogecoin price rally from November 8 until it peaked at $0.446. Since then, a consolidation has led to the creation of a flag. As KrissPax noted, a successful breakout to the upside would push the DOGE price toward $0.60. Interestingly, the analyst expects this breakout to happen by Friday. Clean bull flag on the Dogecoin chart – target $0.60. Could we see the start of the next $DOGE breakout on Friday? Meanwhile, Dogecoin still trading right in the middle of the flag at 38 cents. pic.twitter.com/kR6WSxMQI5 — KrissPax (@krisspax) November 22, 2024 Market Expectations For DOGE’s Next Move At the time of writing, Dogecoin is trading at $0.393. A move towards the $0.6 mark would translate to a price increase of about 53% from the current price. Furthermore, reaching the $0.6 price target would put the Dogecoin price at a new 2024 high and a three-year high, but still about 22% from its current all-time high of $0.7326. Related Reading: Bitcoin Price ATH Set To Cross $139,000 According To Previous Election Cycles KrissPax’s $0.6 price target plays into a bullish outlook of the DOGE price among many crypto analysts and traders. Supporting this bullish outlook, other analysts have observed similar patterns. For instance, a report from Bitcoinist noted that the Dogecoin price could rally to its all-time high of $0.73, paving the way for a surge to the much-anticipated $1 level. Furthermore, other analysts have predicted that the DOGE price could reach $2 by the end of the year at the current pace of price growth. This bullish outlook for the Dogecoin price cuts across every part of the Dogecoin ecosystem. On-chain data has shown that Dogecoin whales are taking advantage of the price decline to load up on their holdings. Particularly, Dogecoin whale addresses holding 10 million to 100 million DOGE tokens have bought more than 550 million DOGE over the past week, worth around $214.5 million. Featured image created with Dall.E, chart from Tradingview.com
Cboe’s New Cash-Settled Bitcoin ETF Options: Could This Spark A Move Beyond $100,000?
Cboe, the derivatives exchange for digital assets and securities trading, is set to make a big addition to the crypto landscape by launching the first cash-settled index options linked to Bitcoin’s (BTC) spot price movements. Scheduled to debut on December 2, these options will be based on the Cboe Bitcoin ETF Index, which tracks a selection of US-listed spot Bitcoin exchange-traded funds. What This Means For Traders The introduction of these options follows closely on the heels of Nasdaq’s recent listing of spot Bitcoin ETF options. This move allows US investors to utilize derivatives to speculate on or hedge against BTC’s price movements. Related Reading: XRP Price Outlook Brightens: Expert Predicts $2 Target Post-Gensler Era Alex Thorn, head of firmwide research at Galaxy Digital, emphasized that reducing Bitcoin’s volatility could significantly alter investor perceptions. The availability of cash-settled options will provide institutions with effective tools to hedge their positions, potentially increasing overall market liquidity. This influx of options trading could also influence retail trading behavior, especially during bullish market conditions. Notably, the current surge in Bitcoin’s price, which reached an all-time high of $99,300, has been partly attributed to increased trading activity and market optimism. Therefore, introducing cash-settled options could further push Bitcoin over the $100,000 mark, especially given the increased buying pressure seen in recent days. Cboe’s options on the Bitcoin ETF Index will also enable market participants to gain exposure to spot Bitcoin ETFs and, by extension, to Bitcoin itself. The cash-settled nature of these options is said to simplify the process, as positions will be resolved in cash at expiration. Additionally, the options will feature a “European-style exercise,” meaning they can only be exercised on the expiration date, thus minimizing the risks associated with early assignment. Cboe Mini Bitcoin ETF Options In conjunction with the standard-sized index options, Cboe plans to launch Cboe Mini Bitcoin ETF Index options (Ticker: MBTX), valued at one-tenth the notional value of the standard options. Moreover, Cboe will also offer cash-settled FLEX options on both the standard and mini index options. FLEX options enable traders to customize key contract terms such as exercise price, exercise style, and expiration date, providing further flexibility in trading strategies and allowing for larger positions than typically permitted with standard options contracts. Related Reading: Dogecoin Price Set To Skyrocket By Saturday, Warns Crypto Analyst Rob Hocking, Cboe’s Global Head of Product Innovation, highlighted the benefits of cash settlement and the variety of index sizes available, which are expected to attract institutional and retail participants looking to hedge or capitalize on Bitcoin’s price movements without directly holding the asset. The exchange already lists cash-settled Bitcoin and Ether margin futures on Cboe Digital Exchange, with plans to transition these products to the Cboe Futures Exchange in the first half of 2025, pending regulatory approval. Cboe’s BZX Equities Exchange also holds a leading position in the US market for spot crypto ETFs, having captured a majority market share of available Bitcoin and Ethereum ETFs. When writing, the market’s leading cryptocurrency is trading at $99,240. Featured image from DALL-E, chart from TradingView.com
Proof of Censorship
Here you have a Greek tragedy of a downward spiral in art, culminating in a work being sold by a horse-era institution, propped up by 100 years of destructive philosophy, confirmed shadow games since the 1940s, recent inflationary money printing, and blatant one-sided activism. It’s worth stepping back to see the big picture. A shiny new web3 house on the hill then asks new-era artists to conform to the old setting by becoming vehicles to sell even worse garbage, while leaving out the OGs of the scene—ensuring the products can’t outshine the primary idiocracy… or so it might seem at first. Maybe there is more to it all. Something even those directly involved are not even considering to be a thing. This “full circle” above refers to how seemingly progressive ideas are actually about selling the future in a desperate attempt to save the past, and control the present. Much like printing money at the expense of future generations, the fiat era of money is still in full swing in art. The Great Contemporary Art Bubble was a revelation when I first saw it at the start of my career in art in 2008. This article offers an alternative perspective to the popular banana show recently dominating the web3 art internet. It’s a big “what if”? If you can be truthful, brave, and funny—say, in the spirit of Joe Rogan—you might get some things wrong, but this article has plenty most have never considered to be a part of the art world. My intent is to be as fair as possible, and to continue saving art from the last hundred years of agendas that no longer serve it, especially in today’s world where decentralisation tools can invite everyone excluded into the party-this being nearly the whole population of the earth right now. Setting the stage: First off, SuperRare has done a great service to the digital art community in impressive numbers of art sold, and development in the scene through their DAO, keeping the creator resale royalties under pressure, and fighting for the scene to become a thing among the first in the game. Watch this interview by the founders to get a deep dive into their perspective on the Dinis Guarda show. Thousands of artists will likely speak positively about the whole thing. So what gives? In short, the corporate mindset leading art, once again. This is not about SuperRare alone, but the whole company scene that emerged, but something that is personal to me about it all as well. As per the selected fifteen bananas, the dilemma of SuperRare is obvious. You can’t outshine the lame duck pre-internet paradigm banana, and the bureaucratic class, so their curator team is stuck choosing the upper end of what can be politically business wise tolerated. That ends up being not much, while they sell the future down the polluted river. “A tragedy is a literary, theatrical, or dramatic work that typically depicts the downfall of a central character, often due to a combination of their own flaws (such as hubris, greed, or ambition) and external forces (such as fate, societal pressures, or the actions of others). Tragedy is characterized by serious themes and often evokes feelings of pity and fear in the audience, culminating in catharsis—a purging or emotional release.” Or actually just.. (Art) Threat To Our Bureaucracy The SuperRare competition held in sync with Sotheby’s upcoming auction of a famous banana marked a new low in substance for the NFT scene, and there’s plenty to reflect on from before. Not because the art was the worst—that standard is impossible to set in NFTs anymore—but because of the combination of pleasing an old player while simultaneously sidelining the OGs – for the sake of engagement farming and money. The essence of crypto art—the rugged band of true avant-garde artists who took on the central banking system—has now been mostly washed away from sight. Events like this banana show, where they could have shone brightly to the world, instead pushed them further into the shadows. The watering down the Vodka of this scene is now an equivalent of a frozen bottle in the freezer. The more partnerships formed with pre-internet and web2 companies in hopes of “reputational gain,” the more a promising beginning started to vanish before our eyes. Very soon, the scene began to resemble the old one the pioneers had been trying to escape. The clearer the communication challenging the status quo in the art world at large, the more certain you became of hearing, “You weren’t selected this time,”, if you heard anything at all in the web3 scene as well. The curatorial team is hidden, so the community can only fight a symbol like SR, while those responsible for the heat generated remain protected. “I’m afraid I can’t explain myself, sir. Because I am not myself, you see?” ― Lewis Carroll, Alice in Wonderland Is art free? If art is truly free, where are the visual artist equivalents of Jordan Peterson, Thomas Sowell, Eric & Bret Weinstein, Gad Saad, Camille Paglia, Joe Rogan, Jonathan Haidt, Graham Hancock, Patrick Bet-David, Coleman Hughes, Yeonmi Park, Casey & Calley Means, Christina Hoff Sommers, Michael Malice, Mike Baker, Matt Taibbi, Matt Walsh, Tucker Carlson, Annie Jacobsen, Ben Shapiro, Candace Owens, Andrew Huberman, Ayaan Hirsi Ali, and an abundance of others? This list includes credentialed academics, surgeons, scientists, religious and non-religious figures, journalists, people from the left and the right, as well as outside the system. Regardless of what you think of them, together they reach billions of people across various platforms and tackle a vast ocean of topics that are absent from the art world. Many even more provocative voices are deliberately excluded from the list, highlighting just how low the tolerance for dissenting to the postmodern monolith viewpoints is. So, are we living in the most restricted era of art history, or are we just now realizing how controlled it has always been? It’s becoming increasingly clear that the culture of convenience in art has overtaken its true purpose, much like what has happened in food, medicine, media, and other fields, as illustrated by the podcast guest list above. It didn’t take long that web3 went down the same stream. This article, links and all, might just be able to change your whole perception on what art is today. You will, however, need some courage and sincerity to get it. As I’ve recently discussed, including in this Anna Fischer interview, the art world’s cancellation and selection processes are deeply intertwined with lesser-known histories and fishy agendas also. These include the interference of intelligence agencies like the CIA since the 1940s, working alongside a specific kind of ideological possession—arguably making art less free than even the corporate scene is now substance wise. We’ve just had it for so long that people don’t understand being completely captured by a singular philosophy of postmodernism. You can read my previous “Free web3” article to get clued up on that side if unfamiliar. The past to shine light to our current state: Through declassified documents, investigative journalism and biographies related to the Congress for Cultural Freedom (CCF), a CIA-funded organization, revealed that the agency had funded Jackson Pollock, Rotko, and De Kooning. The Museum of Modern Art (MoMA) played a pivotal role in the CIA’s cultural strategy. Key figures like Nelson Rockefeller (a MoMA trustee) were complicit in promoting Abstract Expressionism as a symbol of American freedom. MoMA organized exhibitions that were covertly funded by CIA-backed organizations, ensuring Abstract Expressionism gained prominence internationally to combat soviet art propaganda. Jackson Pollock in his studio in 1951 Wait a minute, VESA—are you insinuating that SuperRare or Sotheby’s are somehow influenced or captured by an intelligence agency? In short, no not directly, nor do I have any evidence otherwise. Direct involvement is not how these agencies work anymore. Most people would never know if they were behind something. However, it’s impossible to claim they haven’t been influenced indirectly, given what we know about the past For better or worse, we’ve all been influenced by these forces. The question is, did CIA leave the space after the 50’s, which is unlikely, and how many other agencies have entered, and from which countries since? Undoubtedly this is part of how we’ve arrived at where we are today, and I’ll unpack that as best I can below. A scene from 1740’s London Sotheby’s was founded in 1744 and has long been one of the rubber stamps of perceived quality. Much like the media, they underwent a strange transformation during COVID, embracing their metaverse and digital assets phase. It was as if, suddenly, serving Big Mac-level artworks in a three Michelin-star restaurant was considered cool. To me, it felt like they were burning down their own house and hosing it with petrol to speed up the process. A similar trend emerged with SuperRare, which increasingly alienated itself from its origins, throwing out OGs like Robness and Max Osiris. These were contrarians, for sure, but contrarians have always been a crucial part of the game. They fought for freedom of expression—annoying to the founders, perhaps—but they were powerful in their expression and represented the core of what this scene was supposed to be about. In essence, they weren’t doing anything Duchamp, Pollock, or even Basquiat wouldn’t have done. I say this, having endured a few unprovoked tirades from Max myself, but keep being on his side. If you are against free speech, you are anti-art The talented rarely align with corporate agendas over art. While I was courteous to the early scene people involved, I was merciless in my expression of what this scene was truly about. You can find that in pieces like “Selling banks their fat asses back” or “The Br8ve“. The corportes had clenched assholes just by knowing I existed, especially after taking a freedom of speech stance during Covid. Many platforms didn’t accept my applications in web3, so kudos for SuperRare for keeping me. I said I was going to be fair. The free speech alone was enough to get me sidelined to the tune of tens of millions so far. Freedom of speech of course is another way of saying freedom of expression aka art. The artists with the greatest potential and the most original expressions found themselves relegated to the outskirts of the pump. Meanwhile, what thrived were imitations of previously made masterworks, done to death concepts from decades back, meaningless glitch art, and whatever iteration of abstract impressionism was f l y i n g. I had some cool ones too along those veins, but crickets. Seemed everyone and their uncles were on Sotheby’s and Christie’s – but not me. Artnome soon deleted this post after seeing mine. To share some of the load, this was going on for me ever since the beginning. Artnome was among the first three people I contacted in 2017, and he took an active role in making sure I was nowhere to be found in his curation or circle. I contacted him directly, so there is little doubt. Everyone in the early scene was aware of everyone else. Can only imagine what kind of things he has said behind closed DMs. To me, Artnome represents crypto art much like Flint Dibble represents archeology. Many from the early scene felt the same. Not mentioning names as I am not in the habit of throwing people under a bus, nor were they shy to say so either. The personal responsibility part Back in the day in 2017, when there were very few of us crypto artists indeed, it was the SuperRare guys who reached out to me to join their platform. It was my relative mistake back then to join Four Park and Orion Vault instead, as my ten-year efforts could be priced at $50K there, while SR was averaging $50 per piece in 2017 and 2018. My works were heavy effort and just making one was 5x more expensive than what I could have gotten out of them in SR. Also the quality of the works was some cool stuff but mostly kids throwing shit on a wall and seeing what sticks with a glitch effect. By glitch effect I am not talking about cool stuff like Xcopy or A.L Grego later, but truly amateurish “wtf is this?” stuff. I thought I’ve actually exhibited in reputable galleries and received major press coverage reaching hundreds of millions. Joining this could look bad for me on many levels. VESA and CTO of SuperRare Jonathan Perkins at the Museum of the Future in Dubai in 2022. My bad, of course, since I sold nothing through the former two and was priced out of reach for the SR crowd at the start. The bear market and non-existent high level collector base wiped out both Four Park and Orion Vault. It wasn’t long, that things looked different on SR, and I did hop on board already in 2019, which I thought was early enough, but then nearly nothing happened no matter what price or kind of work I uploaded. I thought it very strange, as there was things flying off the digital shelves for more money and less, objectively deserving it much less on the basis of story, aesthetics, CV, reach, process & critical acclaim. Primarily, art matters, and that didn’t suck. So,again, wtf? The works were being sold for crazy money consistently by others. You could basically literally put out a line of colour and be an artist that started that year, and sell. It was the boom of 2021. Somehow, this was not the case for me in NFTs, despite being here and very visible almost before anyone else. “The Beginning of a new era” artwork by VESA, a digital original from 2013 made with a Bollywood star, reaching about 300m people when published. The Shiny New Web3 Art House On The Hill SuperRare quickly became a standard for collectors, most of whom, for the most part, had little understanding of art. The founders had backgrounds in architecture and new media but lacked direct experience in fine art. It was a degen scene—focused on crypto symbols and positive decentralization propaganda—which soon escalated into pure speculative hype over anything and everything available. There was some sophistication, too. Expertise was then soon imported from the legacy scene, which ended up being the problem. For the most part, collectors sought the curatorial stamp rather than the substance, career, or depth of the art itself. However, there were exceptions—artists who truly embodied those qualities. Meanwhile, platforms like Rarible, OpenSea, and others turned into a digital Wild West on fire. I’m using Joseph Desire-Court’s 1826 “Delusion scene” artwork as a meme to help people understand my relationship with SuperRare since the early days to now. It is deeply personal, as well as funny, as my real son was stillborn during the time I realised I was going to be left behind from the movement in 2021. Losing my son, as well as simultaneous access to the first NFT run, was a tough pill to swallow back then. I’m not suggesting this whole situation with NFTs is SR’s fault, but they seemed to have played a part in my deboosting—despite them being well aware of me. In the coming banana show part, I got confirmation of this, as all the founders were tagged in my post & the accompanying text leaves little for imagination for the curators. It’s proof of censorship. Painting by Joseph Desiree-Court meme alteration – 1826 to 2024 “In the biblical book of Genesis God flooded the earth, sparing only Noah and his family who had been instructed to build an ark. All others perished in the great deluge. Instead of illustrating the life of Noah, Court gives us a scene from the other side of the story. Here a man has to choose between saving his own son or his father. He chooses his father who, despite the man’s efforts, has just slipped out of his grasp. The painting can be read as an allegory about clinging to the past. If you always look to traditions and the past, you will miss out on all the possibilities that the future can bring.” End Stage Postmodernism During the NFT boom, the Pride LGBTQ+ movement also reached a stratospheric rise, and overnight, Fewocious became its brightest star. While I think he is a talented artist, his work was clearly youthful; a 16-year-old simply hasn’t had the time to develop much depth yet. His pieces sometimes depicted crying, misunderstood figures with a similar text explanation—if you know what I mean. The cartoonish style of this young artist was soon hailed as Basquiat-esque, with the added elements of gender confusion and being on the spectrum. Altogether, it fit every “tick-a-box” criterion for the emerging ETH scene, that was enhanced by media, marches and organisations. There was a heavy government, media and colliding corporate push for this that came out of seemingly nowhere all of a sudden. During the NFT run, the Bitcoin culture and the rest of the chains truly separated. It was all WAGMI and “Gm” for the scene—except, of course, for many of the artists who had fled the increasingly absurd woke art world and formed the first wave of crypto art by critiquing central banking, money printing, and promoting hard money principles. We were interested in healing society from a very different set of lenses, and not all that convinced more woke was what we needed to go into the right direction. On top of that, if you dared say a word about the “fresh wave” of end stage postmodernism, you weren’t necessarily cancelled silently, but certainly considered “out”. I’m Potency No one likes critique it feels ick, but without it the whole world becomes no rizz. I haven’t really participated in an ‘art submission competition,’ perhaps ever, as I’m a bit old-school and view it much like Prince might have viewed the rise of TV singing contests. He felt the process and commerce of it killed authenticity in the artist, and wasn’t wrong. In comparison to the music roster we had until about 2000, we live in a post music world now. However, the endless corruption symbolised by the duct-taped banana artwork, colliding with a SR competition, prompted me to enter. “In I’m-Potency, artist VESA presents a sharp satire on Western society’s spiritual flaccidity. By replacing Adam’s reaching finger with a limp, taped banana—a nod to Maurizio Cattelan’s Comedian—this piece reflects the decay of a culture that once held itself as a beacon of enlightenment but has now veered into absurdity. Michelangelo’s Adam famously reaches toward God with a finger that isn’t fully extended, symbolizing humanity’s hesitation and the delicate gift of free will. In this reimagining, Adam’s once-restrained reach becomes even more compromised, transformed into a limp banana pointing downward. It’s as if Western culture, once brimming with creative potential, is now resigned to existential apathy, unable or unwilling to reach for anything beyond itself.” That is just the start of the text ending in this: The post tagged the new head of digital assets in Sotheby’s, the auction house, as well as SR. Read the full context of the submission substance here See the selected, eventually 15 artworks considered more worthy by the SR curation team Of course, it was not selected. The most amazing thing about my submission piece “I’m Potency” not selected to the SR banana competition finals was that I am an actually censored artist, making a case on how art has been censored by the postmodernists for over a hundred years, writing the whole thing out crystal clear, but I got censored again out of the show by those who were meant to build the free infrastructure. What we have here, is an illusion of choice. A combination of a totalitarian philosophy, coupled with an illusion of options. This is made obvious by the objectively much less substance or vision pieces selected over mine with a topic of censorship. More on this a bit later, but you will see it at the very least, vindicates my point that shadow games beyond merit and substance are going on inside of the web3 art world, much like in the legacy art as well. Pissing on traditional values for a hundred years In the art world, the war on conservatism began over a century ago with Duchamp’s satire and shock artwork, The Fountain (1917). Duchamp claimed his six-dollar urinal entry piece singled how “art has lost all of its credibility.” Ironically, it sank art even lower from a certain perspective. Fast-forward a hundred years to The Comedian and it seems no amount of bubble gum in the form of “substance” can satiate the post-MTV generations. If something had already been done with far more punch a century ago, eroding standards in a meaningful way at the time, then today’s attempts are pure LARPing. Sotheby’s, in this context, is not worthy of the reverence it once commanded—especially when their head of digital assets, Michael Bouhanna, calls The Comedian “the most significant work of the 21st century.” Very little of course about this is about art, as most of it is money, power and potentially continued societal agency subversion. Jonathan Haidt’s research on disgust sensitivity is fascinating. He discovered that conservatives have a much more heightened sense of disgust when boundaries are broken, as well as a greater need for physical cleanliness. In contrast, this is not a high priority for liberals or libertarians. Naturally, those with no boundaries are easier to subvert for whatever cause. Fobia means An intense, irrational fear or aversion to a specific object, situation, or activity that is often disproportionate to the actual danger posed. This is not the same as disgust, which is an emotional response of strong aversion or revulsion to something perceived as unpleasant, offensive, or morally unacceptable. This part is less discussed in this context. “KISS” My second inspired banana, which I did not submit to the contest. So returning to the Pollock paradigm and how he was a darling of the alphabet agencies, with the CIA entering the art world as far back as the 1940s to combat the rise of communism. Leftist artists were propped up to showcase American exceptionalism. Selling the idea of a cocaine-laced drink and “do what you feel like” freedom to American youth and elites wasn’t a hard pitch compared to glorifying Soviet despots who demanded hard work as well as to be elevated to Godlike status. Read the full context of the “Kiss” artwork Most know of course the famous Kiss by Gustav Klimt, and how combining the CIA logo and the idiot banana in this context is at least a chuckle, if not a profound question mark on the last 80 years of our understanding of art. This isn’t conspiracy theory—it’s conspiracy fact. It’s also worth noting that the term “conspiracy theorist” was invented by the CIA as a derogatory label to discredit those questioning their activities, a tactic that gained traction after the JFK assassination. This will be relevant later when discussing how RFK has now been elected as part of the new U.S. cabinet. Conspiracy theories have been around pre-internet, took the internet by storm, and are completely invisible to the art world. This is because there is no right wing thought in the space what so ever. Sure there is cooky thing from flat earth to what ever, but there are legitimate conspiracies proven true that are fascinating. There are no gallery artworks making any waves? Not a single openly conservative artist anyone knows? Seems natural. Some of you might also be familiar with the famous interviews of Yuri Bezmenov, the defected KGB spy, who outlined how demoralization was part of their plan to take down the U.S. government. If you ask me, the demoralization he described has only ramped up since the 1980s, fueled by postmodern values and the fiat-funded war on conservative ideals and God—or whatever God represents as a symbol of natural order to be discovered rather than manipulated into existence. His “useful idiot” term helps us see many players in art in a different light. Eric Weinstein gives some indication with his Kayfabe concept to where we might be today. Here are parts 2 & 3 Home of DAF The art world, which has been playing with our collective subconscious for a 100 years, is in deep need of an audit by a character like Elon Musk with his DOGE crew of Vivek, RFK and Trump. Wouldn’t that be something? You also need me on Rogan going a three hour round to talk about this all. This is why I made the Department of Artistic Freedom. It’s an open invitation to the first 100 builders resonating with this idea, and available on Ador for 369k sats- a nod to Tesla. Buy it if you want to support the cause like that, but I care mostly that the mentality spreads. You don’t have to join to start making the new direction happen. Just choose to do your own exploration without censoring yourself constantly. It will be a think tank for liberty minded artists, and the function will first be to come to the aid of artists who are being ignored despite obvious merit and substance, as well as facing some form of cancellation for BS reasons. Given the massive push by governments, media, and activists for the LGBT+ community not long ago, how can we be certain that the art aspect wasn’t a similar operation to the one carried out with Jackson Pollock back in the day? Be so free that no boundary of physical reality can hold you back. Simultaneously, everyone raising their voice will be canceled, and most will be incentivized to stay quiet. I’m not saying it was—I’m saying that, knowing all we now know, we can’t be sure. And those involved publicly might not have any idea this was the case. Least of all Fewocious, so crytal clear, I am not accusing Fewo, SupeRare, nor Sotheby’s of anything. This is about something much bigger and the sum of the parts. Beeple’s “Cross Road” sold for 6.6M at Sothebys earlier $17 Million Realized in Sotheby’s First NFT Sale with Digital Creator Pak Postmodern pump: The same question certainly applies to Pak, Beeple, and many others who used late-stage postmodernism expressions as their vehicle of communication. Much was fitting to the agenda of end stage postmodernism in NFTs. From the Twitter files, we know for a fact that deboosting and amplifying messages were actively managed, and merit was certainly not at the top of the food chain in the selection process. The real question seemed to be: What can we push and get away with? This approach fit the degen agenda perfectly. It is difficult to sell high level art to an audience that can’t read it. This has been the argument of culture critic Camille Paglia. Again, I am not accusing any artist, gallery or auction house. This is mere opinion and speculation on big philosophy waves as well as the continued erosion of substance in art. In podcasting, this kind of speculation has been normal for a long time, but not in art, for some reason. Also, this has nothing to do with hating any group within postmodernism. It has everything to do with the manipulative individuals working behind the scenes to activate and suppress ideas according to power plays and political agendas. People like James Lindsay have committed significant parts of their lives to try to figure this all out. Some will accuse me of being jealous of other people’s success. While I certainly feel that more financial success would help, if finances were my first priority, this would not have consistently been my focus—to save art from postmodernism—for seven years publicly now. Otherwise, we have continued regress as progress, and a world in general, in inverse mode. When any artist does well, I’m genuinely happy for them. Artists aren’t usually known for achieving major success, as megastardom has often required aligning with various agendas rather than relying solely on the strength of the art itself to reach stratospheric heights. We can’t fix any of this unless it’s at least discussed. How differently does this all make us view what was going on before, as well as what might be going on now? The dignified bananas. Here are also some other entries that I figured were worthy of attention. Some not submitted to the competition, as understandably people with dignity don’t submit work to be evaluated by clowns, and they have been increasingly disappointed by the quality of curation since the early days. My post started with how I don’t do this, and unleashed as much fire as I can toward the whole system, stress testing it to see if I was correct – and it absolutely turned out to be the case. Banana Zone by Norman Harman Norman Harman is one of the most interesting voices in web3. To me, the consumerist era has been gone for 20 years already, but his critique of the bureaucratic class with his new series, as well as an avalanche of dirty little bitch slaps to the auction champagne crew, has been a breath of fresh air in the scene. The new AI motion work is dope too. Both capture perfectly the orgiastic degeneracy scene of this auction vibe. Norman, like many other OGs, wouldn’t “submit” work to a contest like this anymore, having been disillusioned from the scene already many times over. “RARE In The Machine” by Spaced Painter Spaced Painter did her literal submission with this piece, in which the banana fucks her into oblivion, and she metaphorically gives up due to being sidelined and ignored. That makes her Rare. It was visionary, as her being left out of the ten selected, gave her exactly that. The piece illustrates well on how the demoralising effect of 100 years of postmodernism is having on the spiritually minded, and just anyone with common sense anymore, and it is so obvious that we can make super predictive art about it. ROBNESS – I AM BANANA The “I Am Banana” by Robness is a parody take of Kevin Abosch’s I Am a Coin project already from 2019 minted on Superrare. How can you go lower than the banana? Well just put tape on tape and watch the yellow paint dry. At least that’s my interpretation. The competition set up by another crypto art enfant terrible, Maxis Osiris, has put together a parody auction competition to parody the parody auction competition parodying the parody auction. Alotta Money would be proud. Like Alan Watts said earlier that academia and religion has become but a foot note on a foot note, the direct experience is “access denied”, so the Farisejan and the money changers can keep doing their thing. “I’ll die on this lid” by Max Osiris We had a nice convo with my friend Nicolaas on all the of above and more on Bitcoin LIVE, but I wasn’t yet unfortunately aware of the selected bananas then. What ever last remaining hopium I had for the early stage platforms died the next day, hence I got motivated to write this article. Artist extraordinaire ANDRÉS DEL VECCHIO curated a much better selection of bananas from the litter on his X, so leaving that here for you to evaluate in case you don’t have time to go thought the 1100 entries yourself. It took a child to point to the nude emperor that he had been conned. In art, it has lasted a hundred years. The measure of intelligence is the ability to change. – Albert Einstein They are laughing at us. Our creative generative power. We need to understand this. While an Einstein quote is a tough one to do without seeming pretentious, in the above context it works. If you work with truth, even the setbacks help you rise. We need to stop focusing on the fall. Artists are creators, and we are currently being completely under served by trying to be under the thumb of the destroyers. This is all the postmodernists can do, and by doing garbage bananas, you are submitting to being reduced further and further. Start building the future. Make your own gallery. Band together. Don’t submit to the bureaucrats that run the establishment. We are artists. We are powerful. it’s cool. Old things and people die. Let them. As you can tell, there has been a lot of wtf going on here. Remember, I was building this, this and this, as well as speaking on big stages when everything flies off the shelves and for me nothing moved. Despite it all, find gratitude. It’s a lifeline. There is plenty to be grateful for, but step out of harms way. Remember why you got into this in the first place. If you want to support my efforts, do consider collecting these pieces from my SR page. It’s unlikely that they will age badly. I’m happy to give the platform fee back to SR, as those guys, despite my poor sales, still airdropped me comfort tokens when SUPR was launched for being there early. There was some respect there at least still then. Unfortunately, I can’t help but wonder, in recent light, how much my art not reaching people there despite significant effort, was artificially suppressed. Maybe not at all by them, but who knows. I still have a bunch of art there that cost me a bomb to mint, so hoping all my efforts with SR and for this scene will be acknowledged at some point. Writing and researching this article took a week, and I was not paid to do it. I’m either brave and pricipled, or a complete idiot. Hard to tell which one sometimes. Bit of both, I guess. Collect I’m potency The NFT includes a physical canvas print, painted on top with acrylics, and it launches an AR animation. Available for 3 ETH Kiss The NFT includes a physical canvas print, painted on top with acrylics, and it launches an AR animation. Available for 3 ETH Stay cool, VESA Crypto Artist, Speaker, Consultant, Writer All links to physical, NFTs, and more below http://linktr.ee/ArtByVesa
Chinese Court Declares Personal Crypto Ownership Legal In Mainland China
Bitcoin and crypto ownership in China have been debated and have raised policy questions for years. But a recent Shanghai court ruling clarified that it’s perfectly legal for citizens to hold, buy, and sell Bitcoin or other cryptocurrencies. Related Reading: XRP Gains Momentum: Whale Activity Points To $15 Breakthrough Judge Sun Jie of the Shangai Songjiang People’s Court explained in an article via WeChat that it’s not illegal for Chinese citizens to hold cryptos, even though the courts have already ruled that business entities are not allowed to keep, buy, or sell cryptocurrencies at will. Jie’s insights were part of a case review on a lawsuit involving two companies in an initial coin offering that’s illegal in the country. Coin Offerings Remain Illegal Judge Sun Jie’s comments were part of a case review involving two companies engaged with digital assets in 2017. According to records, an agricultural company expressed its intention to finance a digital asset. It then worked with an investment company to draft its whitepaper and issue the tokens. A Shanghai court has released an opinion stating that the personal ownership of cryptocurrencies is not against Chinese law, offering explicit legal clarity for crypto holders on the mainland amid a record-setting bitcoinprice surge. Sun Jie, a judge at the Shanghai Songjiang… pic.twitter.com/NfclXYh3o7 — Visegrád 24 (@visegrad24) November 21, 2024 Then, the agricultural company approved a Blockchain Incubator Agreement with the investment firm. After drafting the token’s whitepaper, the investment company was paid 300,000 Yuan for its services. Under this premise, the agricultural company expected that the investment firm would release the tokens. It was the start of a misunderstanding, leading the company to seek a full refund. Planned Token Financing And Release Is ‘Potentially Illegal’ In Judge Jie’s notes, the planned financing and release of these tokens are potentially illegal. The planned initial coin offering falls under unlawful public financing. The court has ruled that no organization or individual can illegally finance or issue digital assets. The complaint of the agricultural company is deemed invalid by the court since the planned financing and token release would have been illegal. Still, the court instructed the investment firm to reimburse 250,000 yuan after careful evaluation. Related Reading: Solana Market Cap Hits Milestone: $400 Price Target Gains Traction Court Raises Risks Of Cryptocurrencies In the same notes, Judge Sun Jie explained that holding cryptocurrencies is not illegal. However, she explained that the Chinese government imposes strict restrictions because of the risks involved. However, the rules on cryptocurrencies change in business since crypto use can impact the financial and economic order. Judge Sun Jie says these are the primary reasons why Chinese laws impose strict rules on the use of cryptocurrencies. China first banned initial coin offerings and closed online crypto exchanges in 2017. The authorities continued their campaign against crypto in 2021 and even banned mining and other cryptocurrency-related businesses. Featured image from DALL-E, chart from TradingView
Solana Records New ATH After 3 Years: Is SOL Ready To Flip USDT?
Solana (SOL) has recorded a new all-time high (ATH) of $262, marking a historic recovery after three years of tumultuous price action. Notably, the token had once fallen as low as $8 at the peak of the FTX exchange collapse and the ensuing crypto bear market. Solana Makes Historic Recovery, Eyes USDT Flippening Solana (SOL), the much-touted “Ethereum killer,” is again in the spotlight. After dominating the 2020-21 crypto bull market, the digital asset saw its value plummet after FTX’s spectacular collapse, led by Sam Bankman-Fried. However, SOL has staged an impressive comeback over the last two years. Related Reading: $4,000 Solana Price Possible As SOL Breaks Out Of Massive Cup And Handle Pattern At the time of writing, SOL is the fourth-largest cryptocurrency, with a reported market cap of over $123 billion. The layer-1 blockchain’s market cap is just $8 billion shy of overtaking stablecoin Tether’s (USDT) market cap of $130 billion. Notably, SOL needs a further 10% price appreciation to decisively increase USDT’s market cap and become the third-largest digital asset by market cap. SOL will only trail Bitcoin (BTC) and Ethereum (ETH) as the third-largest cryptocurrency. Given the token’s recent price trajectory, it won’t be surprising to see SOL surging past the leading stablecoin’s market cap before the end of the year. In the last three weeks alone, the token has experienced a remarkable 75% surge, rising from $148 on November 4 to $259 at the time of writing. While the broader crypto market has gained momentum following the victory of pro-crypto Republican US presidential candidate Donald Trump, attributing SOL’s rise solely to this would be disingenuous. Memecoin Frenzy, Increased Network Activity, ETF Potential Helped SOL SOL’s remarkable turnaround can be linked to several factors that have spurred increased network adoption. One of the most prominent contributors is the ongoing memecoin frenzy, which has emerged as a dominant narrative in the crypto market. Related Reading: Solana Memecoin Market Thrives: POPCAT Reaches New Record Price Of $1.75 Memecoins – particularly those based on the Solana blockchain – have emerged as the crypto market’s top narrative over the last year. In October alone, the total market cap of Solana-based memecoins surpassed $10 billion. This memecoin craze has also translated into heightened network activity for Solana. Between September and October, Solana saw a 42% month-over-month (MoM) increase in active addresses, amounting to approximately 123 million. Besides benefitting from the memecoin narrative, Solana has also seen increased decentralized finance (DeFi) activity throughout the year. According to DefiLlama data, Solana is home to the second-largest DeFi ecosystem in the world, with a total value locked (TVL) of $9.265 billion. In addition, there are growing prospects for a Solana-based exchange-traded fund (ETF). A recent report indicates that the US Securities and Exchange Commission (SEC) is holding active talks with multiple asset managers regarding the potential launch of a new spot Solana ETF. While SOL’s achievement of a new ATH is impressive, experts believe the token still has significant growth potential. At the time of writing, SOL trades at $259, up 6.2% over the past 24 hours. Featured image from Unsplash, charts from DefiLlama.com and Tradingview.com
Bitcoin’s MVRV Metric Signals Market Heating Up—Here’s What Investors Should Know
The ongoing Bitcoin bull market has sparked renewed interest in on-chain metrics to fully understand the bullish trend behind the scenes. Earlier today, Avocado Onchain, a CryptoQuant analyst, shared his perspective on Bitcoin’s market performance, focusing on the widely-used Market Value to Realized Value (MVRV) ratio. This indicator is often used to assess Bitcoin’s valuation about its realized cap, which represents the aggregated value of all Bitcoin based on its last movement price. Related Reading: Bitcoin Hits S2F Threshold: Should You Hold Tight Or Take Profits? What Bitcoin MVRV Metric Currently Signals According to Avocado Onchain, the MVRV ratio provides key insights into market cycles. Historically, when the MVRV ratio dips below 1, it signals a market bottom, while values above 3.7 have coincided with potential market tops. As Bitcoin approaches new all-time highs, the MVRV ratio’s behavior suggests a shift in market sentiment from skepticism to optimism. This raises critical questions about how investors should interpret these metrics during a bull cycle. The MVRV ratio, calculated by dividing Bitcoin’s market cap by its realized cap, offers insights into whether the asset is undervalued or overvalued relative to its historical averages. Avocado Onchain emphasized that the ratio might not necessarily reach 3.7 in this cycle, as seen in prior bull markets, but could still signal overvaluation at lower levels. He noted that the ratio’s peaks and troughs have shown a narrowing trend, with higher lows and lower highs. MVRV Historical Patterns Drawing from historical patterns, the CryptoQuant analyst noted: In past cycles, detailed analysis of historical charts shows that in 2017, the MVRV ratio first reached 3.7, but Bitcoin’s price didn’t peak until six months later. Similarly, in 2021, the peak followed about three months after the ratio hit 3.7. Avocado Onchain suggested that while the MVRV ratio signals “overvaluation,” it does not guarantee an imminent price peak. Instead, the ratio often lingers around the overvaluation range, reflecting ongoing bullish sentiment with price fluctuations. Related Reading: Bitcoin Officially In Overheated MVRV Zone, Rally End Near? To mitigate risks, Avocado Onchain advises against relying solely on the MVRV ratio for investment decisions. He advocates for a gradual selling strategy as the ratio rises, allowing investors to balance potential gains with reduced exposure to market corrections. The analyst particularly concluded, stating: Asset prices often enter phases of extreme overvaluation that cannot be fully explained by numerical data alone. During a bull market, it’s essential to use not only on-chain metrics but also factors like investor sentiment, macroeconomic trends, and government policies to develop a well-rounded. Featured image created with DALL-E, Chart from TradingView
Ethereum Unleashed: ETFs, Whale Activity, Layer 2 Solutions Shape Its Future
Ethereum (ETH) is gaining prominence as Bitcoin maintains its recent highs. Despite the fact that ETH is currently 36% below its all-time high of $4,878 from 2021, analysts anticipate that the second-largest cryptocurrency by market capitalization may be preparing for a significant shift. Related Reading: XRP Gains Momentum: Whale Activity Points To $15 Breakthrough Ethereum’s ecosystem is a hive of activity, with a surge in institutional investments, rising ETF interest, and increasing transaction volumes. From the 1.1 million recorded three months ago, the daily transaction volumes on Ethereum have climbed to 1.22 million, a notable rise according to the most current statistics from IntoTheBlock. Bitcoin has been the star of this rally, but what about Ethereum? Historically, Ethereum has been one of the first assets to benefit from profit rotations after Bitcoin’s move. Currently, Ethereum’s on-chain activity shows evenly spaced potential resistance levels, but in… pic.twitter.com/amkbZmtEyo — IntoTheBlock (@intotheblock) November 21, 2024 Despite the fact that the increase is not substantial, it indicates that network usage is consistent. This consistent activity serves as the foundation for Ethereum’s long-term value and underscores its ongoing significance in the crypto sector. Institutional Investors Place Bets In the past week, institutional buyers bought more than $1.4 billion worth of Ethereum (ETH), which caused a stir in the crypto community. During the same time frame, $147 million has been put into Spot Ethereum ETFs. This shows that people are becoming more optimistic about the future of ETH. #Ethereum whales have bought over 430,000 $ETH in the last two weeks, worth over $1.40 billion! pic.twitter.com/n7iTTADuax — Ali (@ali_charts) November 14, 2024 The activity surge continues; trading volumes for Ethereum ETFs reached a record $1.63 billion last week, representing a 44% weekly increase. According to analysts, this increase is consistent with the patterns observed in Bitcoin ETFs, which experienced an initial period of stagnation, followed by a period of sustained growth. In response, Ethereum’s price went through the roof, rising by 25%, which was the biggest weekly gain in six months. Many people see these changes as signs that Ethereum is gaining speed, which could possibly lead to more benefits. Shifting Landscape: Layer 2 Solutions While there are positives, growth in Ethereum’s network sends out a mixed signal. New ETH addresses created are lower than those seen in previous bull markets. The reason for this is seen by experts as Layer 2 options such as Base. Because these technologies are built on top of Ethereum’s infrastructure, transfers can happen more quickly and for less money. This makes it less important to directly connect to the main Ethereum chain. Nevertheless, Ethereum’s significance has not been eclipsed by Layer 2 growth. Tokens continue to be indispensable in the decentralized finance (DeFi) and NFT ecosystems. In reality, this expansion strengthens Ethereum’s fundamental function while simultaneously increasing its scalability and accessibility. Related Reading: Upbit Listing Sends BONK Skyrocketing 67% For A Fresh ATH In Memecoin Mania ETH is becoming less correlated with BTC. The 180-day BTC-ETH Pearson correlation is at a three-year low. A 10% rise in #Bitcoin could result in only a 3% gain for #Ethereum. Just because BTC is strong doesn’t mean you should buy ETH. Each asset is now following its own path. pic.twitter.com/4Dn4QoInXo — Ki Young Ju (@ki_young_ju) November 19, 2024 Ethereum Dissociates From Bitcoin Ethereum’s autonomy from Bitcoin is becoming increasingly apparent. The 180-day correlation between the two cryptocurrencies has plummeted to a three-year low, falling below 0.5. This change, according to analysts, indicates that Ethereum is now more influenced by its distinctive market dynamics than by the price fluctuations of Bitcoin. The necessity of independently assessing Ether’s potential is increasing as it continues to pursue its own course. Ethereum is demonstrating that it is more than just Bitcoin’s counterpart — it is forging its own path in the crypto world, whether through the adoption of Layer 2 solutions, institutional interest, or increasing ETF activity. Featured image from DALL-E, chart from TradingView
Shiba Inu ‘To The Moon’: Lead Kusama Unveils Key Catalysts
Shiba Inu (SHIB) is currently consolidating after a massive rally earlier this month, which saw the token surge to $0.00003046 (on Binance). However, the momentum waned as SHIB retraced to levels below $0.00002303. With Bitcoin witnessing a push towards $100,000, SHIB investors have urged the development team to implement strategies that could catalyze a substantial rally Key Catalysts For Shiba Inu Price In response to these appeals, Shytoshi Kusama, the lead developer of the Shiba Inu ecosystem, addressed the community’s concerns by highlighting SHIB’s achievements and catalysts which will enhance the SHIB token valuation. Emphasizing the token’s prominence on the Ethereum blockchain, Kusama first stated via X: “‘Hey dude send Shib to the moon.’ Checks we are still #1 eth token in the world.” Addressing the notion that SHIB is merely a get-rich-quick scheme, a user commented: “What people don’t get is this token is about function and not just get rich quick.” Kusama agreed, replying that a superior technology and adoption are the key catalyst for the Shiba Inu token price: “Because through function we change the world and wagmi. No leader. Lots of tech. Unparalleled vision in the entirety of crypto. What more can you ask for?” Kusama wrote. Related Reading: Shiba Inu Could See A 53% Surge If This Resistance Breaks, Analyst Explains The conversation also turned to SHIB: The Metaverse, a project anticipated to drive broader adoption of the Shiba Inu ecosystem. When asked about its launch, Kusama revealed: “I expect a MV update in the Shib Mag soon :)” SHIB: The Metaverse is envisioned as a virtual world within the SHIB ecosystem, offering a digital playground where users can socialize, game, and trade digital assets. This metaverse aims to integrate Shiba Inu’s community, tokens, and services like ShibaSwap into a cohesive online environment. Users will be able to purchase virtual land, create unique experiences, and potentially mirror real-life businesses. Concerns about competition from other meme tokens were also addressed by Kusama. When a user asked about the competition from Dogecoin (DOGE) and BONK, Kusama emphasized that the SHIB ecosystem will be on an enterprise level: “I hope all memes do well so that wagmi. But they are playing ‘I Declare War’ and I am on the enterprise playing multilevel chess with the shields raised saying Check to a Klingon. #kipla” he stated. Related Reading: Shiba Inu (SHIB) Ready To Roar! Analyst Calls For A 200% Spike Further emphasizing upcoming developments, Kusama announced via X: “Analysis: Shib is still King! Bone is key. Leash is strong. TREAT is Coming.” He added shortly after: “Reminder that TREAT released by Shib Core is not yet available.” The TREAT token, designed as an access key to advanced features within the Shiba Inu ecosystem, is set to be released soon. This token will complement the existing SHIB, BONE, and LEASH tokens, each serving distinct roles within the ecosystem. While LEASH focuses on exclusivity and BONE on technology, TREAT will unlock advanced functionalities, enriching the overall user experience. In July, Kusama elaborated: “As you may know, Shib is home to a variety of tokens, including Shib, Bone, Leash, and our upcoming unreleased token: TREAT. Each token has its own utility and governance, and TREAT is the access token to all the advanced features of our system, in contrast to Leash, which is about exclusivity, or Bone, which focuses on technology.” Hinting at another potential catalyst, Kusama retweeted a post by artchick.eth (@digitalartchick), who speculated: “Memecoin ETF within 10 months.” Kusama commented: “I didn’t say it…. but I did RT it.” The prospect of a memecoin ETF in the United States is significant. Similar to the US spot Bitcoin and Ethereum ETFs, a memecoin ETF could attract substantial inflows from investors currently unable to access memecoin markets. Given its status as the second-largest memecoin by market capitalization, Shiba Inu would be a prime candidate for inclusion. At press time, SHIB traded at $0.00002502. Featured image from Shutterstock, chart from TradingView.com
Cardano Gains Steam: ADA Sights More Growth After Breaking $0.8119
Cardano (ADA) is making waves in the crypto market, surging past the $0.8119 level in a bold display of bullish strength. This breakout marks a significant turning point, signaling growing confidence among investors and renewed optimism for ADA’s price. With this critical resistance now in the rearview, Cardano is set to aim even higher. Could this be the beginning of a sustained rally that pushes ADA to new heights? As market sentiment improves and the bulls take charge, the focus is on analyzing Cardano’s surge beyond the $0.8119 level, exploring the key drivers behind its rally, and evaluating the prospects for continued upward movement toward higher price targets. Market Sentiment: Growing Confidence In ADA’s Potential On the 4-hour chart, ADA is striving to extend its gains after breaking past the $0.8119 level while remaining above the 100-day Simple Moving Average (SMA). Holding above this critical mark and the 100-day SMA highlights ADA’s strength and potential for further price growth as it aims at new highs. An examination of the 4-hour Relative Strength Index (RSI) reveals a notable rebound, rising sharply from a recent low of 55% to its current level of 70%. While this increase signals growing positive market sentiment, it raises concerns about the rally’s sustainability since a price correction could occur if profit-taking ensues. Overall, the steady increase in the RSI highlights ADA’s resilience and strengthens the outlook for continued price growth in the near term. Related Reading: Crypto Analyst Predicts Bullish Move For Cardano Price To Cross $5, Here’s When Furthermore, Cardano is demonstrating robust upward momentum after breaking through the key $0.8119 resistance level, maintaining its position above the 100-day SMA. Its solid performance highlights sustained bullish strength, signalling that the digital asset is well-positioned for more price appreciation, with the 100-day SMA indicating the potential for a persistent uptrend. Finally, the RSI on the daily chart is currently at 66%, well above the crucial 50% threshold, reflecting a strong ascent for Cardano. This level suggests that the bullish move is likely to persist, with Cardano’s price expected to continue rising in the near term as the RSI approaches the overbought zone. What The $0.8119 Breakout Signals For Cardano The $0.8119 breakout represents a key milestone for ADA, signaling a shift in market sentiment toward a more optimistic outlook. This breach of resistance indicates that Cardano is gaining momentum, with the possibility of additional price gains, targeting the $1.2630 resistance level and beyond. Related Reading: Cardano Price Set To Skyrocket By 430%, Crypto Analyst Predicts However, if the resistance proves to be strong, ADA may experience a pullback or enter a consolidation phase, with the price likely retracing to the $0.8119 support level. A sustained drop below this critical support could signal a shift in momentum, potentially leading to deeper declines. Featured image from Unsplash, chart from Tradingview.com
Massive Ethereum Buying Spree – Taker Buy Volume hits $1.683B In One Hour
Ethereum surged over 10% yesterday, marking an impressive recovery alongside a very bullish day for the entire crypto market. This surge has reignited investor optimism, especially as Ethereum approaches its yearly highs. Key data from CryptoQuant highlights a significant bullish signal: Ethereum’s Taker Buy Volume hit an astonishing $1.683 billion in a single hourly candle. This metric reflects aggressive buying activity in the futures market, further supporting Ethereum’s potential for continued upward momentum. Related Reading: Bitcoin Open Interest Hits ATH As BTC Nears $100K – What To Expect? The driving force behind this rising demand for Ethereum appears to stem from profits being cycled out of Bitcoin. With Bitcoin consistently breaking all-time highs, investors are reallocating gains into ETH, boosting its price. Ethereum’s ability to capitalize on Bitcoin’s momentum underscores its position as the second-largest cryptocurrency and a key player in the broader market trend. However, the next few days will be crucial for Ethereum as it nears its yearly highs. A strong breakout above these levels could propel ETH into a new uptrend, further strengthening its bullish narrative. Ethereum Bulls Waking Up Ethereum bulls are finally showing signs of life after eight months of bearish price action, with the price surging over 40% since November 5. This strong upward momentum aligns with the broader market rally, fueling optimism that Ethereum’s recovery is just beginning. The resurgence in bullish sentiment has positioned Ethereum as a key focus for investors seeking opportunities in the current market environment. According to data by CryptoQuant analyst Maartunn, Ethereum’s Taker Buy Volume recently hit $1.683 billion in a single hourly candle, highlighting significant demand and the involvement of high-volume trades. This aggressive buying activity is a bullish signal, suggesting increased confidence in Ethereum’s potential to sustain its rally. Strong demand at this scale creates upward pressure on the price, reinforcing the bullish narrative for ETH. Related Reading: Bitcoin Rally Driven By U.S. Coinbase Investors – Top Analyst Shares Metrics However, Ethereum still faces a critical hurdle at the $3,550 level, a significant supply zone that has acted as a barrier since late July. The next few days will be pivotal for Ethereum, as breaking above this key resistance could signal the continuation of its upward trajectory. Failure to do so, however, might result in a short-term consolidation. All eyes are now on ETH, as its next moves could set the tone for the altcoin market. ETH Holding Above Key Levels Ethereum (ETH) is trading at $3,333 after a 10% surge yesterday, marking a significant rebound for the second-largest cryptocurrency. The price is testing a critical supply zone just below the $3,450 level, a resistance area that bulls need to reclaim to confirm the uptrend and maintain momentum for new highs. This supply zone has historically acted as a key barrier, and breaking above it with conviction would signal strong buying pressure and the potential for a sustained rally. Holding above the 200-day moving average (MA) at $2,959 further strengthens the bullish case for Ethereum, as this indicator is widely regarded as a benchmark for long-term price trends. Related Reading: Solana Analyst Expects A Retrace Before It Breaks ATH – Targets Revealed Should Ethereum maintain its position above the 200-day MA and push decisively past the $3,450 level, it could pave the way for a bullish rally, targeting higher resistance zones in the coming days. However, failure to overcome this supply area may result in short-term consolidation as bulls regroup to challenge the level again. For now, the market focuses on Ethereum’s ability to clear this crucial resistance and continue its upward trajectory. Featured image from Dall-E, chart from TradingView
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Venture Capitalist Cites Funding, Talent for Web3 Development Surge in Emerging Markets
A venture capitalist says emerging markets, particularly India, are becoming hubs for Web3 development due to attractive funding, talent, and ecosystems. India: Go-to Place for Recruiting Web3 Companies According to Tak Lee, CEO of Hashed Emergent, the declining share of Web3 development activity in North America and Europe is being offset by a surge in […]
Technologist: Decentralized Data Crowdsourcing Is Key to Countering Big Tech’s Dominance
A tech CEO proposes “democratizing” AI by using decentralized data crowdsourcing. Decentralized Data Crowdsourcing: A Path to Bias-Free AI Technologist and CEO of Synesis One, Isaac Bang, warns against the “extremely dangerous” scenario of a few tech giants hoarding data and leading the artificial intelligence (AI) race. He argues for the “democratization” of AI power, […]
Marketing Veteran: Web3 Gaming Needs Collaboration, Not Competition
Funtico’s CCO says early Web3 games failed due to poor infrastructure but says the industry has shifted its focus to improving this. Collaboration: A Win-Win for Web2 and Web3 Gaming Doron Wesly, Chief Commercial Officer (CCO) at Funtico, argues that early Web3 games struggled to compete with their Web2 counterparts due to limitations in infrastructure. […]
Ethereum vs. Solana: Who Will Emerge as the Top Altcoin This Cycle?
The dominance of Ethereum in defi makes it the top choice for stability and institutional-grade projects but Solana’s speed and affordability could see it outpace Ethereum in relative gains. Ethereum vs Solana: Who Emerges on Top Ethereum (ETH) and Solana (SOL) are two powerhouses in the blockchain industry, each representing different approaches to scalability, decentralization, […]
Binance Raises Compliance Staff by 34% to Meet Demands of Crypto Industry
Binance expands its compliance team to meet the growing needs of the crypto industry and its user base. Compliance Remains Vital for Binance By the end of the year, Binance, one of the world’s largest cryptocurrency exchanges, plans to have 645 full-time compliance staff members—a 34% increase from November 2023—as it continues to expand its […]
Indian Official Expresses Doubts About Crypto: ‘I Am Very Skeptical’
India’s financial services secretary expressed deep skepticism about cryptocurrency, calling it a doubtful scheme, despite the nation’s top crypto adoption ranking. Indian Official Speaks Out: ‘Very Skeptical of Cryptocurrency’ M. Nagaraju, Secretary of India’s Department of Financial Services (DFS), expressed strong doubts about cryptocurrencies during the SBI Banking & Economics Conclave on November 18, 2024. […]
SEC Unveils Plan to Compensate Investors in Mila Kunis’ Stoner Cats
The SEC seeks to compensate investors in Mila Kunis-backed Stoner Cats NFTs, which were deemed an unregistered securities offering that violated federal law. Stoner Cats Investors to Be Compensated Under SEC’s Proposed Fund Plan The U.S. Securities and Exchange Commission (SEC) has announced a proposed plan to distribute funds collected from Stoner Cats 2 LLC […]
BTC and XRP Redefine Boundaries in US Crypto Regulation
BTC and XRP challenge securities classifications as a legal expert argues underlying assets are distinct from investment contracts, intensifying calls for regulatory clarity in crypto markets. BTC and XRP Lead Legal Shift in Crypto Investment Contract Standards A well-known advocate in the cryptocurrency community, John E. Deaton, has strongly criticized the conflation of crypto assets […]
US Regulator Publishes Crypto Guide With Stark FOMO Reminder
The Financial Industry Regulatory Authority (FINRA)’s new crypto guidelines spotlight risks and FOMO-driven decisions, with advice on crypto investing. New Crypto Guidelines Highlight Key Challenges for Crypto Investors The Financial Industry Regulatory Authority (FINRA) has introduced a comprehensive guide for investors exploring the world of crypto assets. FINRA is a non-governmental organization that oversees brokerage […]
HTX DAO Completes Q3 2024 $HTX Burn Under Liquidity Strategy Transition
PRESS RELEASE. On October 15, HTX DAO announced the successful completion of its $HTX token burn for Q3 2024. In the quarter alone, over $21.25 million worth of $HTX tokens were burnt. This marks a significant shift in the platform’s liquidity strategy, as HTX DAO has opted to discontinue its previous ecosystem liquidity pledge mechanism […]
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BTC ATH again, Nvidia guidance underwhelms, CHILLGUY hits 110k holders
BTC new ATH again, reaches $98k. US spot BTC ETFs surpass $100bn in assets. BTC CME OI hits new ATH of $21.3bn. ETH at 4-year low vs BTC. Stablecoin inflows hit record $9.7bn this month. Trump mulls creating first crypto czar role. Bitwise files for SOL ETF. BitGo launches SGP services, eyes expansion. Shanghai court recognizes crypto as property. Former FTX CTO Wang wont go to prison. Nvidia talks up Agentic AI in results, AI coins soar. Coinbase offers 4.7% APY on USDC. Arkham launches spot trading platform in US. Japan to implement crypto tax reform.
BTC new ATH, SOL fee record, CHILLGUY hits $250M
BTC hits new ATH of $93.5k. Blackrock BTC ETF options see $1.9bn volume. Grayscale to launch BTC ETF options. SOL fees hit one day record amid memecoin frenzy. Phantom flips Chrome on app store. Saylor to pitch BTC strategy to Microsoft board. Rumble stock rises as CEO teases BTC adoption. Robinhood is best deregulation trade: Bernstein. Trump considers crypto lawyer to lead SEC. Pro-crypto Lutnick to lead commerce dept. Sky deploys stablecoin USDS on Solana. Archax to offer tokenized money market funds. Bitfinex offers tokenized T-bills in El Salvador. Coinbase to delist WBTC. MiCA compliance ignites EUR crypto M&A surge. South Korea to launch 20% crypto tax. Chainlink joins Brazil CBDC trade pilot. Injective launches AI agent platform.
BTC ETF options launch, Russia-US tensions grow, ZEREBRO hits $470M
BTC hits $92k, ‘$100k no longer a dream’. Blackrock BTC ETF options will launch today. MicroStrategy buys $4.6bn BTC, plans $1.75bn more. Binance creates stablecoin-like product at 20% APY. GS looking to spin out digital assets tech platform. California rules LIDO DAO is a General Partnership. Trump Media in talks to buy crypto exchange Bakkt. Trump meets with Coinbase CEO Armstrong. SOL hits highest ever weekly economic value. SOL co-founder Toly releases brief roadmap. SOL overtakes ETH activity on Nansen. Genius kicks off BTC treasury play with $10mn. Semler Scientific buys $17.7mn BTC. Gemini launches in France. Russia imposes 15% tax on Crypto. Judge rejects Kraken’s motion for SEC appeal. Mining profits bounce back from all time lows.
BTC Highest ever Weekly Close, Nvidia Results this week, BONK hits $5B, Solana in full send!
BTC ETFs: -$370mn, ETH ETFs: -$60mn. BTC has highest weekly close ever. Crypto total market cap hits ATH. XRP breaks $1.3 on hope for regulatory shift. Gensler likely to resign after Thanksgiving. SOL hits $250 as memecoin frenzy continues. BTC ETFs saw $1.7bn inflows last week. ETH ETFs see record weekly inflows. ETH/BTC breaks 8-year support line. Base & SOL lead crypto weekly inflows vs ETH. DOGE investors sue Elon for $248bn. Trump unlocked. Metaplanet to raise $11.3m more to buy BTC. BTC to $100k in weeks: Galaxy. BTC can hit $1-1.5m by 2030: Cathie Wood. Most of my wealth is in BTC: RFK. Tether launches MiCA compliant stablecoins. Elon blocked OpenAI’s plan to issue a token. NY to devote less resources to crypto convictions.
Crypto Gaming Has Conquered the Philippines—Here’s Why
Decrypt’s Sander Lutz and Rug Radio creator Puke Rainbow sit down with Gabby Dizon, co-founder of Yield Guild Games, to discuss the company’s upcoming summit in Manila and why the booming Web3 gaming industry is on the precipice of a major evolution.
BTC pulls back to $87K, Hawkish Powell, MOODENG hits $650M
BTC briefly hits $87k amid ETF outflows. BTC ETFs get third highest outflow since launch. BTC miners moved $4bn BTC since Nov 12. Tump wants 0% capital gains tax on crypto. Lummis proposes selling gold to buy BTC. Pennsylvania introduces BTC reserve bill. Bhutan sold $100m BTC in last month. 18 US states and DeFi Lobby sue SEC over crypto. Gensler defends crypto stance amid exit rumours. XRP at 16 month high on Gensler exit rumours. Tether launches platform to simplify tokenization. Satoshi’s BTC holdings $100bn. Bitwise files to list crypto index ETP. Bitfinex hacker sentenced to 5 years in prison. Sling Money opens ‘global venmo’ to US users. Web4 will involve ‘crypto & AGI’. S. Korea to fine Upbit for KYC violations.
BTC hits $93K, FBI raids Polymarket CEO, PEPE hits $10B
BTC hits $93k ATH, driven by strong US demand. BTC market cap $1.6T, 7th biggest global asset. BTC spot buying outpaces futures despite OI ATH. FBI raids Polymarket CEO’s home. BTC miner outflows surge to $2.2bn. BTC can run to $500k: Bitwise. $180k BTC price target this cycle: VanEck. US BTC reserve still unlikely to pass: Galaxy CEO. Blackrock expands BUIDL to 5 new blockchains. Blackrock ETF assets increase $3bn in 5 days. ETH introduces new capability for smart contracts. Pro-crypto Thune becomes senate majority leader. Moonpay introduces zero-fee fiat onboarding. Coinbase becomes no.1 finance app. Tap-to-pay coming to Coinbase wallet. Cardano Foundation BTC holdings $100mn. Tesla BTC holdings exceed $1bn. China will relax crypto policy in 2 years: Hashkey. Linea reveals plan to launch token in 2025. Crypto influencer Mirshahi found dead.
Improbable 'Reluctantly' Entered Infrastructure Space With Somnia Layer-1: CEO
Herman Narula, CEO of gaming technology startup Improbable, joined Decrypt's Stephen Graves at Web Summit to talk about its new Somnia layer-1 blockchain, the roadmap for Bored Ape metaverse Otherside, and crypto's "resurgence" following the U.S. election.
BTC hits $90k, ETH ETF sees record inflows, GOAT hits $1BN!
BTC hits $90k ATH, dominance rises above 60%. Crypto market cap briefly increases above $3T. BTC flips silver’s market cap. ETH ETF inflows hit daily record. BlackRock BTC ETF hits volume record of $4.5bn. Crypto assets saw $2bn inflows last week. MicroStrategy buys $2bn more BTC. Coinbase stock now up 80% since election. DOGE hits $60bn, OI ATH of $2.75bn. Spirit aims to become ‘MicroStrategy of DOGE’. Trump to appoint ‘pro-crypto’ officials. Mt Gox transfers $222mn more BTC. Justin Drake to propose new ETH 3.0 upgrade. Binance defends low cap memecoin listings. Bhutan’s BTC holdings hit $1bn. Tether launches wallet development kit. Trabucco to forfeit $70m & yacht in FTX settlement.
BTC hits $82k, Inflation Data this week, PNUT & ACT get Binance listing
Bitcoin nears $82k ATH, $1.6T market cap. Coinbase stocks rises 15% pre-market. Coinbase breaks into top 100 most popular apps. FTX files $1.8bn lawsuit against Binance & CZ. MicroStrategy now owns over $20bn BTC. Funding rates begin to rise, particularly on memes. Mt Gox moves $2bn BTC. BlackRock BTC ETF bigger than gold ETF. $746m of altcoin unlocks this week. Trump will bring regulatory clarity: a16z. SUI up 30%, becomes top 15 coin. ADA up 80% this week, founder may shape US policy. N. Korea push new MacOS spyware. SEC delays decision ETH ETF options. Tether mints $2bn USDT on ETH. ETH ETF sees two of its biggest inflow days. ENS unveils Namechain Layer 2.
Flare Co-Founder: Why Decentralized Data is Vital for Blockchains
Current and future use cases of blockchains require vast amounts of data, Flare Co-Founder and CEO of Flare Labs Hugo Philion tells Decrypt. He argues that traditional oracles fall short, and what's needed is a fully decentralized solution to realize the "future value" of the industry.
SOL breaks $200, FED points to soft Landing, MOODENG hits $310M
BTC posts another ATH of $76.8k. SOL tops $200 for first time since April. Brian Armstrong wants Pierce for SEC Chair. Trump considers Robinhood CLO for SEC Chair. Coinbase launches wrapped BTC on Solana. BTC could soar for rest of the year: JPM. Detroit to accept crypto for taxes from 2025. Trump election ‘most important day for crypto’. Pakistan moves to regulate crypto. Kraken slams SEC legal case. WonderFi CEO released post $1m ransom. Dorsey’s Block shifts focus to BTC mining. DEGEN blockchain migration faces challenges.
Trump Wins Election, Bitcoin hits New ATH, memes & DeFi go Parabolic!
BTC hits ATH of $75k on Trump victory. Every coin in the top 100 higher. 220 pro-crypto candidates elected in US. Warren still defeats crypto advocate Deaton. Gensler out, Ulbritch freed and new policy expected. DeFi tokens the biggest gainers on Trump victory. BTC & SOL hit cycle highs against ETH. SOL flips BNB for 4th largest crypto. DOGE flips XRP for 7th largest crypto. VC funding hits $860m in Oct, up 30% MoM. Swift, UBS, Chainlink tokenisation pilot a success. AI agents will give retail traders ‘an edge’. Arkham supports TON.
BTC & Stocks ATH, FED decision today, PNUT hits $125M
ETH leads majors, ETH/BTC reverses 8%. Blackrock BTC ETF hits record $4.1bn volume. BTC was up 1900% in Trump’s first term. Regulation headwind now tailwind: Bernstein. Bitcoin may hit $100k by year-end: BitGet. Trump may pass Bitcoin Act: CoinShares. Uyeda may replace Gensler at SEC. Lummis backs BTC as National Reserve asset. Tether bridges $2bn to ETH network. ETH ICO investor transfers $39.4mm to Kraken. DeFi coins outperform, ENA proposes fee swap. JPM allows instant FX settlement on blockchain. BNB allows tokenisation platform. CryptoCom plans stablecoin in 2025. Arkham launches perp futures exchange. AVAX buys $52m tokens from Luna Foundation. DOGE flip over XRP only brief. WLFI fails to see bounce in funding after election.
US Election Day, Large ETF outflows, FWOG hits $380M!
BTC ETF see largest outflows since May. BTC briefly dips below 68k, OI falls $2bn. BTC hashrate hits another ATH. MT Gox transfers $2.2bn BTC to 2 wallets. Crypto prediction markets favour Trump 63%. Major crypto firms launch stablecoin network. Semler Scientific bought $71m BTC in Q3. First UK pension fund buys $65m BTC ETF. Michigan Pension Fund buy ETH ETFs. ETH is Amazon 2.0: 21 Shares. Deutsche Telekom pilots BTC mining scheme. Tether denies plan for blockchain. Citi, Fidelity unveil tokenized FX swaps. Bitget introduces Bitget Pay. a16z send another $23m to crypto PAC. Binance & CZ attempt to squash SEC suit.