Venice AI Token, Bitcoin, and XRP Ledger Dominate Crypto Conversations

Venice AI Token’s rapid rise is driven by exchange listings and airdrop, boosting visibility despite a price dip. Bitcoin’s investment debate intensifies, with discussions on its role as a store of value and venture capital involvement. XRP Ledger’s future growth prospects remain strong, with Ripple’s new partnership to tokenize US Treasuries. Market intelligence platform Santiment…

Read More

Compound (COMP) at Risk of 11% Price Drop

Ali Martinez highlighted that Compound (COMP) is trading in a parallel channel, forming lower highs and lower lows. The prominent analyst predicted a decline of 11% to $69 for the COMP token. COMP is trading at $77.89, surging a substantial 3.6% in the last 24 hours, claiming a market cap of $694.57 million. COMP ,…

Read More

MicroStrategy Acquired 11k Bitcoins for About $1.1 Billion Ahead of Jan 21st Major Shareholder’s Vote

Company’s strategic stock-to-Bitcoin conversion demonstrates successful leverage of capital markets, with $17.7 billion in unrealized profits from BTC investments. Proposed stock expansion to 10.3 billion shares and positive BTC yield of 1.69% indicate strong momentum in MicroStrategy’s crypto-focused strategy. Institutional impact spreads as companies like KULR and Metaplanet follow suit, while Bitcoin supply on exchanges…

Read More

WazirX Freezes $3M in USDT in Cyber Attack Aftermath

WazirX said it had frozen $3 million in USDT in the fight against cybercrime. The trading platform coordinated with different enforcement agencies to achieve the feat. The exchange’s rivals like CoinSwitch are helping the firm’s users impacted by the 2024 hack. WazirX Poses a Unified Front Against Hackers The Cyberattack: A Blow to Crypto Security

Read More

Deribit’s Trading Volume Soars to Over $1T in 2024

Deribit’s trading volume skyrocketed to $1.185 trillion in 2024, nearly doubling 2023’s $608 billion, showing strong institutional interest. Options trading hit $743 billion with 99% growth, solidifying Deribit’s dominance since launching Bitcoin options in 2016. Spot trading surged 810% to $7.6 billion, driven by rising Bitcoin prices, ETF launches, and regulatory advancements. Deribit, a crypto…

Read More