Ohio State Representative Derek Merrin has introduced House Bill 703, known as the Ohio Bitcoin Reserve Act, in a bid to authorize the state treasurer to invest public funds in BTC. The latest initiative is announced as part of Merrin’s broader vision to leverage innovative financial solutions. The legislation provides the framework for Ohio to
Although the US Fed reduced the key interest rates by 25 basis points as expected, Jerome Powell made a couple of remarks that impacted the entire crypto market in a highly negative manner. The central bank’s Chair warned that the rate cuts for 2025 could be fewer after the three consecutive ones at the end
On December 18, Solana-based meme coin Fartcoin hit a new all-time high (ATH), briefly pushing its market capitalization beyond the $1 billion mark. The surge came amidst a slump in the broader crypto market caused by pressure from the U.S. Federal Reserve announcing a 25-basis point rate cut, coupled with projections of fewer rate reductions
In 2024, hackers associated with North Korea set a new record for cryptocurrency theft. Notorious for their advanced skills in malware deployment, social engineering, and crypto asset theft, these hackers often channel stolen funds into state-sponsored projects, including weapons of mass destruction and missile programs, bypassing global sanctions. In 2023, they stole around $660.5 million
On-chain data shows a massive amount of the stablecoin USDT has been moving to exchanges recently, potentially acting as fuel for the Bitcoin and wider cryptocurrency rally. In a new post on X, the on-chain analytics firm Santiment discussed the trend in the Exchange Flow Balance for Tether’s USDT. The “Exchange Flow Balance” here refers
Cardano price started a downside correction below the $1.050 zone. ADA is consolidating and facing hurdles near the $1.020 and $1.040 levels. After struggling to clear the $1.120 resistance zone, Cardano started a fresh decline, like Bitcoin and Ethereum. ADA declined below the $1.10 and $1.050 support levels. The pair even declined below $1.00. A
Bitcoin has seen continuous bullish momentum in recent weeks resulting in the asset’s consistent new highs. According to recent analysis, this momentum appears to not just be random as it comes amid major moves behind the scenes. Particularly, recent data indicates that Bitcoin reserves have dropped to a historic low of 2.4 million, signaling a
In a report published on December 17, analysts at cryptocurrency exchange Bitfinex stated that a combination of rising institutional adoption of Bitcoin (BTC) and bullish technical indicators could push the leading cryptocurrency as high as $200,000 by mid-2025. The report also predicts that any price corrections during 2025 are likely to remain mild. Earlier this
Market expert Lark Davis has recently taken to social media to assert that the much-anticipated altcoin season is far from over despite short-term corrections and challenges the broader crypto market faces. Davis believes that significant opportunities lie ahead for altcoins, particularly as their total market capitalization (excluding Bitcoin and Ethereum) hovers around $1.05 trillion. The
Sentiment for Ethereum (ETH) has reached its lowest levels in a year as the second-largest crypto by market capitalization struggles to reclaim the $4,000 mark. Despite investors sentiment, some analysts suggest that the King of altcoins is about to kickstart its bullish run to new highs. According to crypto analyst Ali Martinez, Ethereum social sentiment
Japanese-listed company Metaplanet announced on December 18 that it will formally run Bitcoin Treasury Operations as a new business line. This move, approved by the firms board of directors, is part of its broader strategy to integrate Bitcoin into its financial framework. The announcement, shared in a post on X, follows a series of shareholder
PENGU, the newly-launched cryptocurrency of the Pudgy Penguins ecosystem, suffered a sharp decline in value a day after it went live. At the time of writing, data from CoinGecko showed that the token had fallen by 57.8% within 24 hours to settle at $0.02892. The highly-anticipated airdrop launched on December 17 saw about 62.8 billion
As the crypto community gears up in anticipation of altcoin exchange-traded funds (ETFs) approvals or rejections in 2025, market analysts believe some assets have a higher chance of being greenlit earlier than others. The Bloomberg analyst Eric Balchunas tweeted that United States regulatory authorities could approve Litecoin (LTC) and Hedera (HBAR) ETFs before allowing issuers
Coinbase has issued a rebuttal to a lawsuit by BiT Global, a Justin Sun-affiliated entity, challenging the exchanges decision to delist Wrapped Bitcoin (WBTC). Paul Grewal, the firms Chief Legal Officer, announced the filing on X, saying that his company had offered its response to BiT Globals effort to stop the delisting of WBTC before
The ongoing bullish crypto market trends triggered by Donald Trumps recent presidential election victory may be shortlived, according to Arthur Hayes, the co-founder and former CEO of crypto exchange BitMEX. In his latest article, Hayes noted that the crypto market may face a significant downtrend around January 20th, the same day Trump will be inaugurated
Bitcoin’s (BTC) climb to record levels has lifted the crypto market, and as the year wraps up, it’s sparking strong bullish sentiment for the future. In the backdrop, there has been a significant surge in Tether (USDT) inflows to exchanges. This stablecoin movement aligns with the ongoing crypto bull rally, which has been underway for
Japanese-listed company Metaplanet announced on December 18 that it will formally run Bitcoin Treasury Operations as a new business line. This move, approved by the firms board of directors, is part of its broader strategy to integrate Bitcoin into its financial framework. The announcement, shared in a post on X, follows a series of shareholder
PENGU, the newly-launched cryptocurrency of the Pudgy Penguins ecosystem, suffered a sharp decline in value a day after it went live. At the time of writing, data from CoinGecko showed that the token had fallen by 57.8% within 24 hours to settle at $0.02892. The highly-anticipated airdrop launched on December 17 saw about 62.8 billion
As the crypto community gears up in anticipation of altcoin exchange-traded funds (ETFs) approvals or rejections in 2025, market analysts believe some assets have a higher chance of being greenlit earlier than others. The Bloomberg analyst Eric Balchunas tweeted that United States regulatory authorities could approve Litecoin (LTC) and Hedera (HBAR) ETFs before allowing issuers
Coinbase has issued a rebuttal to a lawsuit by BiT Global, a Justin Sun-affiliated entity, challenging the exchanges decision to delist Wrapped Bitcoin (WBTC). Paul Grewal, the firms Chief Legal Officer, announced the filing on X, saying that his company had offered its response to BiT Globals effort to stop the delisting of WBTC before