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Bitcoin’s latest rally indicates investors primed for surge toward $80K before elections – Bitwise CIO
The sharp rally in crypto markets on Oct. 14, partially catalyzed by Vice President Kamala Harris unveiled a “smart regulatory framework” for digital assets, reflects a deep well of investor enthusiasm, according to Bitwise CIO Matt Hougan. Bitcoin (BTC) rose over 5% on Oct. 14, while Ethereum (ETH) surged over 7%. Additionally, spot Bitcoin exchange-traded…
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Grayscale Looks to Turn Multi-Token Fund Into ETF
Grayscale Investments has filed to turn its multi-token fund, the Grayscale Digital Large Cap Fund, into an exchange-traded fund.
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Is Elon Musk Selling Bitcoin? Tesla Transfers All $760M of Its BTC to Unknown Wallets.
On-chain data indicates that wallets associated with Elon Musk’s electric car company have begun moving funds.
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Ethereum price shows strength, but a 23% drop in DApps activity raises concern
Declining DApp activity and lackluster demand for the ETH ETFs could limit Ethereum’s recent price rally. Ether (ETH) price surged 9.4% between Oct. 10 and Oct. 15, reaching its highest level in two weeks at $2,687. However, despite these recent gains, Ether remains down 25% over the past three months, reflecting investor disappointment with the…
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Kraken integrates EigenLayer to simplify Ethereum restaking for broader audience
Crypto exchange Kraken announced its successful integration with EigenLayer, enabling its users to restake Ethereum (ETH) directly from the platform, according to an Oct. 15 press release. The partnership aims to simplify restaking, making it more accessible to a broader range of users. Access to the service is currently limited to verified Kraken Pro users…
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Bitcoin open interest soars to one-year high as BTC price rallies toward $68K
Demand for leverage in BTC futures jumped to $38 billion, but traders appear well-positioned enough to avoid surprise price swings. Bitcoin (BTC) price gained 8% between Oct. 14 and Oct. 15 the asset is up by 11.5% over the past 30 days. Bitcoin currently is significantly outperforming the S&P 500, which gained 3.8% during the…
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Trump family-backed WLFI token pre-sale resumes after website outage, $7.9 million raised so far
World Liberty Financial (WLFI) has restored its website after hours of downtime caused by a surge of traffic during the initial hours of its highly anticipated token pre-sale. The Trump-family DeFi platform, which launched the pre-sale of its WLFI tokens earlier today, experienced an overwhelming number of visitors, which led to the site’s complete crash.…
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NYDFS chief’s advice for crypto firms: ‘Never surprise your regulator’
Adrienne Harris, the head of the New York State Department of Financial Services, has been called the most powerful crypto regulator in the United States. New York Department of Financial Services (NYDFS) head Adrienne Harris recently sat down with Ripple chief legal officer Stuart Alderoty to discuss cryptocurrency regulation at the Ripple Swell event in…
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Better Know a Crypto Candidate: Curtis Bashaw
As part of its coverage of the 2024 US Elections, Cointelegraph asked several congressional candidates for their positions on cryptocurrency and blockchain. Curtis Bashaw is running to represent the state of New Jersey in the United States Senate. A real estate developer who won his primary with 45% of the vote, Bashaw will face off…
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Coinbase Escalates SEC Fight Over the Agency’s Inside Chatter on ETH
An intermediary for the biggest U.S. crypto exchange, Coinbase Inc. (COIN), is cranking up its legal fight over the Securities and Exchange Commission’s unwillingness to produce documents revealing the regulator’s internal thinking on whether to pursue Ethereum’s ether {{ETH}} and other tokens as illegal securities.
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