First Bitcoin ATM in Canada

Best Value, Safe & Secure

Trusted, Friendly Support

Veteran trader Peter Brandt recently sparked market optimism with his social media post, hinting at a potential Litecoin price rally to $420. Notably, this comes as the LTC crypto has noted a surge of nearly 21% today with its volume skyrocketing, indicating strong market confidence. In addition, Brandt also caught the investors’ eyes, indicating that the crypto could follow XRP’s robust rally in the coming days.

Peter Brandt Hints At Litecoin Price Rally To $420

Litecoin price has witnessed a robust rally recently, soaring more than 21% while its trading volume also skyrocketed. Notably, this rally comes amid renewed market interest in the investors towards the digital assets space, especially after Donald Trump’s election victory.

In addition, the resignation update of the US SEC Chair Gary Gensler has further fueled the bullish sentiment in the market. Having said that, many in the crypto community anticipate the top altcoins to witness further gains ahead alongside Bitcoin.

On the other hand, the expectation of potential Litecoin ETF approval in the US has also sparked interest among traders. Amid this, top crypto market expert and veteran trader Peter Brandt has sparked discussions in the market.

In a recent X post, Brandt shared an LTC price chart, which indicates that the crypto could hit $420 in the near term. In addition, the expert said “Can LTC pull another XRP????” while sharing the chart, which has further fueled sentiment.

Notably, XRP price has noted a massive surge recently, soaring past the $2 mark. In addition, it also surpassed the market cap of Solana and USDT, sparking optimism in the market. Having said that, the comparison between LTC and XRP by Peter Brandt has triggered discussions in the market.

LTC Price Rallies

LTC price was up more than 21% today and exchanged hands at $122.63, while its one-day trading volume rocketed 263% to $2.92 billion. Notably, the crypto has touched a 24-hour high of $129.18. Furthermore, CoinGlass data showed that Litecoin Futures Open Interest soared 37% to $620.31 million, suggesting strong market interest in the crypto.

Amid this, Peter Brandt’s post has sparked speculations over further rallies in the crypto’s price. In addition, it also comes as the experts remain bullish on the altcoins sector, given the anticipation over pro-crypto legislation in the US under Donald Trump.

Besides, the crypto has also gained traction as it rebranded itself as a meme coin recently. Notably, the top meme coins have received a significant boost, as evidenced by the rally in Dogecoin, Shiba Inu, and others. Amid this, the rebranding of LTC as a meme coin has also fueled discussions in the market.

The post Peter Brandt Hints At Litecoin Price Rally To $420 Mirroring XRP’s Path appeared first on CoinGape.

Amid a highly bullish XRP market witnessed recently, Ripple whales’ action to accumulate nearly $180 million worth of tokens has ignited investor optimism globally. Recent data highlights a strong accumulation trend as the American blockchain payments firm saw legal advancements in its favor, which also fueled a bull run in its native coin. Notably, as the lawsuit against the U.S. SEC nears a potential end, the native coin witnesses remarkable gains, securing a rank as the third largest crypto by market cap.

Ripple Whales Accumulate Heavily Amid Lawsuit Developments

Ripple whales’ recent buying has underscored renewed market interest in the asset, further escorted by legal developments. Whale Alert data on December 2 indicated that a series of accumulations occurred intraday.

As per the whale data, the wallet address r32…yLn bagged 50 million coins, worth $116.50 million, from the crypto exchange Upbit. Further, the whale address “rfQ…Cvi” was recorded as accumulating 25.08 million tokens, worth $61.08 million, from the crypto exchange giant Binance via two transactions. Collectively, these heavy buying transactions underscored heightened market interest in the asset, sparking investor optimism over more gains imminent.

On the other hand, with the American blockchain payments company eyeing a potential end to the XRP lawsuit, primarily in light of the new SEC under Donald Trump’s presidency, market sentiments for its native crypto remain bullish. CoinGape Media reported that attorneys Bill Morgan, Fred Rispoli, and Jeremy Hogan also proclaimed that the appeals would likely be dismissed or withdrawn in the lawsuit.

Overall, the XRP whale transactions amid these legal maneuvers have birthed significant optimism surrounding the asset among industry participants globally. Meanwhile, it’s also noteworthy that Whale Alert data flagged a staggering 770 million coins worth nearly $1 billion to be locked in escrow by Ripple. This mover by the blockchain company has added investor enthusiasm surrounding the crypto.

XRP Soars Past $2 Mark

At the time of reporting, XRP price surged nearly 29% intraday to trade at $2.39. The coin’s 24-hour low and peak were $1.87 and $2.49, respectively. Notably, the weekly and monthly price charts for the asset underscored gains worth 63% and 367%, respectively. Overall, this rising movement has echoed substantial market optimism for crypto, further solidified by the massive Ripple whale movements and legal developments.

Also, it’s worth mentioning that XRP overtook Solana and USDT to secure ranking as the third largest crypto by market cap amid its bull run topping $2. This bullish momentum has further cemented investors’ optimism over future movements amid a bullish Q4 crypto market and increased accumulations.

The post Ripple Whales Buy $177M XRP Amid Renewed Market Interest, Here’s All appeared first on CoinGape.

Bitcoin price delivered a solid 37.3% gain in November following Donald Trump’s victory in the US Presidential elections. Historical data shows that the BTC rally can continue to another 46% in December. While BTC is currently flirting around $96,600, this rally could push it all the way to $141,000 by the year-end.

Bitcoin Price to Rally in December?

After a staggering 37.3% gain in November, Bitcoin is looking forward to a strong year-end in December. Blockchain analytics platform Spot On Chain reported that in December following the elections, Bitcoin price has surged by an average of 30-46% historically.

As of press time, BTC price is trading at $96,922 with a market cap of $1.918 trillion. Thus, if Bitcoin replicates its previous performance, the $100K level seems to be easily achievable. With new FOMO-driven market dynamics, their updated model now predicts BTC could climb to $115K by the end of December if we consider 30% gains from here. In the case of a 46% surge, BTC price rally can further extend to $141K by December-end.

Furthermore, popular crypto analyst Ben Armstrong aka BitBoy believes that Bitcoin price could rally to $100,000 levels in the next 48 hours from here. BitBoy bases his prediction on the BTC’s future perpetual data. He noted:

“It’s time guys. The next 48 hours. BTC will hit $100,000. The moment we have waited for. Cherish it. We will only get it once”.

Bitcoin Exchange Reserves Dropping Significantly

As per the data from 10x Research, the Bitcoin supply from the exchanges could be drying up pretty fast. Unlike the late summer influx that temporarily boosted exchange inventories, current on-chain data reveals a sharp drop in supply. Furthermore, long-term holders remain steadfast, opting not to release Bitcoin into the market. This can provide an additional catalyst to Bitcoin price from here.

On the other hand, the Bitcoin ETFs have witnessed more than $31 billion of inflows since their inception scooping massive supply from the market. As reported, the BlackRock traditional funds are also seeking exposure to spot Bitcoin ETFs. 10x Research stated that as of now, only three exchanges – Bitfinex, Binance, and Coinbase, have enough BTC inventory. It added:

“Considering that $30 billion in Bitcoin ETF inflows would only secure 300,000 BTC at current prices, Bitfinex’s reserves could last about one year, while Binance and Coinbase have enough supply”.

Veteran Bitcoin analyst Willy Woo also confirmed this stating: “If you want some situational awareness of what’s going on, take a look at the BTC reserves on exchanges, nothing short of a supply shock. I don’t know who is buying, but short-term traders are selling their coins to a BTC vacuum cleaner”.

The post How High Can Bitcoin Price Go This December? appeared first on CoinGape.

The XRP price has extended its phenomenal rally over the Black Friday weekend gaining another 28% surging all the way to $2.50. This is the first time in 6 years that XRP is roaring on Satoshi Street above $2, overtaking giants like Solana and USDT for the third spot, with its market cap hitting an all-time high of $136. The 364% XRP rally in November calls for a new all-time high beyond $4.3.

XRP Price to New All-Time High?

The XRP Price could be making a move to its new all-time high in December itself. The third-largest altcoin has achieved a significant milestone, breaking out of 84 months of stagnant price action with a single explosive XRP monthly candle.

This dramatic move marks a turning point for the cryptocurrency, potentially signaling the start of a new trend after years of consolidation. Veteran trader Peter Brandt shares a classic breakout from a flag-and-pole pattern on a multi-year timeframe.

With more than 75% weekly gains, XRP is dominating the entire altcoin space outperforming other giants like Ethereum. As a result, crypto market experts are once again stressing the need to have a spot XRP ETF in the market.

Three major firms—Bitwise, Canary, and 21Shares—have filed applications for spot XRP exchange-traded funds (ETFs), targeting the third-largest cryptocurrency by market capitalization.

Nate Geraci, the President of ETH Store believes that additional issuers are likely to join the race, with the growing interest in XRP-based investment products. Pro-XRP lawyer Jeremy Hogan believes that a spot XRP ETF could come by mid-2025.

There are currently 3 filings for ETFs holding what is now the 3rd largest crypto asset by market cap…

Bitwise, Canary, & 21Shares have all filed for spot XRP ETFs.

Guessing addn’l issuers will jump in here.

— Nate Geraci (@NateGeraci) December 2, 2024

As of press time, the XRP price is trading 27% up at $2.40 with a market cap of $136 billion. The Coinglass data shows that the XRP open interest has surged 28.67% moving all the way to $4.21 billion. Also, the 24-hour liquidations have shot up to $53 million with $38 million in short liquidations and over $14 million in long liquidations. Some market analysts believe that the XRP is eyeing the next leg of the rally to $4.3.

A Walk Down the Memory Lane When XRP Dominated Solana, USDT

The XRP price rally helped it overtake Tether (USDT) to become the third-largest cryptocurrency by market capitalization, marking a return to its pre-SEC lawsuit position. Historically, XRP held the second spot behind Bitcoin (BTC) until the SEC’s 2018 Hinman speech, which classified Bitcoin and Ethereum (ETH) as non-securities under the “sufficiently decentralized” framework. Back then it was trading much above other rivals like Solana, USDT, BNB Coin, etc.

Ethereum’s market cap surpassed XRP’s in November 2018, reshaping the crypto rankings. XRP’s recent surge now revives its position among the top-tier cryptocurrencies. In December 2020, the US SEC lawsuit against Ripple caused XRP’s price to plummet from around $0.50 to $0.17, wiping out over $15 billion in market value. Although the price eventually recovered, XRP remained at the 7 spot for the next four years.

XRP Lawyer John Deaton provides a complete overview of how XRP was the go-to cryptocurrency for businesses while the XRP Ledger was the most preferred platform for instant cross-border settlement. Talking about his long-going battle with the US SEC in the Ripple lawsuit, Deaton wrote:

“I sued the SEC b/c what it did was wrong. I’m not talking about Ripple. The SEC sues lots of companies. I’m talking about the absurd allegation that XRP itself was illegal, including if acquired by USERS of the XRPL or by people who’d never heard of Brad Garlinghouse, Chris Larsen, or Ripple”.

Below is a complete timeline of how Ripple’s XRP gained prominence in the early days before facing the regulatory heat in 2020.

THE RETURN OF XRP

With XRP overtaking SOL, above $2, and approaching a $120B market cap, allow me to reflect.

When I sued the SEC, people assumed I was a huge XRP holder. The truth is, when the @Ripple case was filed, 50% of my net worth was in BTC. Today, it’s 80%. I also had… https://t.co/z9adzzb9tg pic.twitter.com/WnnRr21f4M

— John E Deaton (@JohnEDeaton1) December 1, 2024

The post XRP Price Eyes $4.3 After Overtaking Solana, USDT With 364% Rally appeared first on CoinGape.

Today’s crypto prices showcase a strong bullish trend, with Bitcoin (BTC) maintaining a trading range of $95K-$99K over the past week. XRP recorded an impressive 28% surge in the last 24 hours, while Hedera (HBAR) led the market with a 44% price jump, making it the top gainer. Kaia (KAIA) price followed closely, registering a 40% increase in its price, highlighting a wave of positive momentum across altcoins.

The global crypto market value rose over 3%, reaching $3.49 trillion, while trading volume saw a 10% boost, hitting $170 billion. The Fear and Greed Index now stands at 82, reflecting extreme greed as investors continue to show strong interest. Here’s a quick look at the top cryptocurrencies by market cap and their price movements today, December 2.

Crypto Prices Today: BTC, ETH, SOL, and XRP

Today’s crypto prices highlight XRP as the top gainer among the top 10 cryptocurrencies by market cap, with a 28% surge in the past 24 hours. Bitcoin (BTC) continues to trade within the $95K-$99K range, attempting to break the $100K resistance. Meanwhile, Ethereum (ETH) and Solana (SOL) show modest gains, reflecting a stable yet optimistic market trend.

Bitcoin Price Today

Bitcoin (BTC) price is trading at $97,500, marking a 2% jump in the last 24 hours. The 24-hour low and high are $96,253 and $98,152, respectively. BTC’s market cap is $1.93 trillion, with a trading volume of $37 billion. However, Bitcoin’s market dominance has dipped to 55.40%, reflecting a slight shift in market dynamics.

Ethereum Price Today

Ethereum (ETH) price is trading at $3,751, recording a 2% jump in the last 24 hours. Its 24-hour low and high are $3,679 and $3,761, respectively. With a market cap of $452 billion and a trading volume of $27 billion, Ethereum remains the second most-valued cryptocurrency by market cap. ETH’s market dominance currently stands at 13%.

XRP Price Today

XRP has ascended to become the third-largest cryptocurrency by market cap, surpassing Tether and Solana. It is currently trading at $2.40, reflecting a 28% jump in the last 24 hours. The 24-hour low and high are $1.85 and $2.49, respectively. At press time, XRP’s market cap stands at $137 billion, supported by significant 24-hour trading volume. XRP’s market dominance has increased to 4%, highlighting its growing influence in the crypto market.

Solana Price Today

The crypto prices today show Solana (SOL) trading at $234, down 1% in the last 24 hours. Its 24-hour low and high are $233 and $239, respectively. Solana has been fluctuating between $230 and $260 for the past 15 days. With a market cap of $111 billion, it has slipped to the 5th position among the top 10 cryptocurrencies by market cap. Its 24-hour trading volume is $3.91 billion, and its market dominance stands at 3.19%.

Meme Crypto Prices Today

The crypto prices today show strong bullish momentum in the meme coin market. Dogecoin (DOGE) price is trading at $0.45, marking an 8% increase, with a 24-hour low and high of $0.42 and $0.46, respectively. Similarly, Shiba Inu (SHIB) price is trading at $0.00003108, also reflecting positive price movement.

Other notable meme coins like PEPE, BONK, and WIF have shown gains ranging from 3% to 8% in the past 24 hours. This upward trend indicates a renewed interest in meme coins, as investors continue to explore these cryptocurrencies for potential gains.

Top Crypto Gainer Prices Today

Hedera

Hedera (HBAR) became the top gainer in the last 24 hours, with an impressive 44% increase. HBAR is currently trading at $0.24, with a 24-hour low and high of $0.16 and $0.24, respectively.

CoinGape analysts have projected a potential 192% rally for Hedera, indicating strong bullish expectations for the cryptocurrency. This projected growth reflects growing confidence in Hedera’s future performance in the market.

Kaia

Kaia (KAIA) price became the second top gainer in the past 24 hours, with a significant 40% increase. It is currently trading at $0.28, with a 24-hour low and high of $0.20 and $0.29, respectively. This strong performance highlights growing interest and potential for Kaia in the crypto market.

Top Crypto Loser Prices Today

Core

CORE price is trading at $1.57, reflecting a 12% drop in price in the last 24 hours. Its 24-hour low and high are $1.55 and $1.79, respectively, indicating some fluctuation during the period.

Ethena

Ethena (ENA) price is trading at $0.82, showing a 6% drop over the last 24 hours. Its 24-hour low and high are $0.80 and $0.87, respectively, indicating some volatility during this period.

The crypto prices today show a bearish trend in the hourly chart of Bitcoin (BTC), with a 0.52% drop in price. Major altcoins, except XRP, are also reflecting similar behavior, following BTC’s decline. This overall market trend highlights a short-term correction, even as some coins like XRP continue their upward momentum.

The post Crypto Prices Today, December 2: BTC at $97K, XRP Jumps 28%, HBAR Surges 44% appeared first on CoinGape.

The dynamic world of crypto closes yet another week, primarily with attention-nabbing developments unfolding across the broader sector. Ripple’s XRP sustained a price rally, nearing $2 against the backdrop of legal maneuvers in favor of the American blockchain payments company. Simultaneously, Shiba Inu (SHIB) saw bullish dynamics fueling market optimism surrounding the meme coin. On the other hand, Bitcoin (BTC) continued to consolidate near its ATH this week, sparking market discussions.

Here’s a brief report on some of the most buzz-worthy cryptocurrency market updates reported by CoinGape Media over the past week.

Ripple’s Crypto Sustains Rally Amid Legal Developments

Notably, the Ripple-backed crypto saw a highly bullish week, extending weekly gains to 30% and resting near $1.90. This rising trajectory has sparked noteworthy optimism, which is in line with recent legal developments regarding the blockchain payments company.

Primarily, the lawsuit against the U.S. SEC could end under the “new SEC,” CoinGape Media reported. This optimistic anticipation comes against the backdrop of SEC Chair Gary Gensler announcing his exit and pro-crypto Donald Trump securing a win in the U.S. elections. Moreover, pro-XRP attorneys Bill Morgan, Fred Rispoli, and Jeremy Hogan also revealed that the appeals are likely to get dismissed, hinting that the lawsuit against the U.S. SEC could drop soon. Overall, as the much-awaited conclusion for the lawsuit comes, market sentiments surrounding the Ripple-backed asset have turned highly bullish.

Intriguingly, amid these optimistic events, the coin also overtook BNB in terms of market cap, marking a monumental stride. Simultaneously, the asset’s futures OI topped $2.5 billion this week, echoing investor optimism.

Further, with Ripple eyeing RLUSD stablecoin launch ahead with indications that New York’s top financial regulator, the Department of Financial Services (NYDFS), is poised to approve the product, market sentiments remain bullish on future movements.

Shiba Inu (SHIB) Steals Spotlight

Simultaneously, Shiba Inu has gained significant traction this week, witnessing remarkable burns and ecosystem developments. CoinGape Media reported the SHIB burn rate to have soared remarkably over the past seven days, sparking optimism surrounding the coin’s future price movements. Simultaneously, even the coin’s layer 2 network, Shibarium, saw a maintenance upgrade, enhancing functionality.

While these events significantly bolstered prices, it’s also noteworthy that Shiba Inu whale holdings were reported to be on the rise. This stat has underscored heightened market interest in the asset amid a bullish Q4. In turn, crypto market enthusiasts are extensively eyeing the token for further gains in light of the abovementioned optimistic stats.

BTC Consolidates Near ATH

Meanwhile, the flagship crypto has faced some market turbulence near its ATH, resting above the $95K level as the week closes. Notably, Robert Kiyosaki warns amid this turbulent movement that Bitcoin could surpass $100K soon, making it harder for the middle class to invest, urging FOMO for early investors. This statement sparked noteworthy optimism for the cryptocurrency, while other bullish events also unfolded across the broader market.

Vancouver Mayor Ken Sim proposed Bitcoin as a reserve asset this week, underscoring the asset’s market potential. Additionally, a stockpile of bullish on-chain metrics weighing in has added to intrigue on the asset’s future movements. A recent Bitcoin price analysis by CoinGape media indicated that the coin eyes further gains, mirroring historical trends and increased market interest.

Overall, the abovementioned cryptocurrency market headlines have significantly impacted investor sentiments globally.

The post Crypto Highlights This Week: XRP Sustains Rally, SHIB & BTC Spark Market Buzz appeared first on CoinGape.

Today’s cryptocurrency market fueled global investor speculation as Bitcoin and major altcoins showed declining price movements. XRP climbed 6% among the top 10 coins, while Shiba Inu and Tezos posted impressive gains of 13% and 20%, respectively. Core (CORE) emerged as the top gainer today with a remarkable 28% surge.

The global crypto market cap increased by 0.35%, reaching $3.39 trillion. However, total market volume experienced a 9% decline, settling at $155 billion.

Here’s a brief overview of some leading cryptocurrencies by market cap and their prices today, December 1.

Cryptocurrency Market Today: BTC Drops, ETH Up 2%, and XRP Gains 5%

BTC price today tanked considerably, briefly touching $95,800. Meanwhile, ETH saw a 2% increase, and XRP gained between 5% and 6%. The market witnessed fluctuations, with Bitcoin’s decline contrasted with moderate growth in altcoins.

Bitcoin Price Today

BTC is currently trading at $96,200, with less than a 1% decline in the past 24 hours. Its 24-hour low and high are $95,770 and $97,264, respectively. The market cap is $1.9 trillion, with a trading volume of $32 billion in the last 24 hours. BTC’s market dominance is at 56.21%. It has been consistently trading within this range for the past 20 days.

Moreover, Anthony Pompliano recently discussed the risks of MicroStrategy’s Bitcoin strategy, emphasizing the regulatory uncertainty and potential extreme scenarios that could impact the company’s long-term approach to Bitcoin holdings.

Ethereum Price Today

ETH price is currently trading at $3,690, reflecting a 2% gain in the last 24 hours. Its 24-hour low and high are $3,621 and $3,739, respectively. The market cap is $444 billion, with a trading volume of $31 billion. ETH has risen by 8% in the past week, showing positive momentum.

Solana Price Today

In the cryptocurrency market today, SOL price has seen a 3% drop in the past 24 hours and is currently trading at $236. Its 24-hour low and high are $234 and $245, respectively. With a market cap of $112 billion and a trading volume of $4 billion, SOL holds a market dominance of 3.31%. It is the 4th largest cryptocurrency by market cap.

XRP Price Today

XRP price is trading at $1.89, marking a 6% jump in the last 24 hours. It is the biggest gainer among the top 10 coins by market cap. Recently, XRP’s market cap reached $100 billion, securing its position as the 5th largest cryptocurrency by market cap, surpassing BNB. Its 24-hour volume is $15 billion, with a low of $1.80 and a high of $1.954.

Meme Crypto Performance Today

Meanwhile, the cryptocurrency market today has shown a mixed reaction in the meme crypto sector. Dogecoin (DOGE) price is up by just 1%, currently trading at $0.425. On the other hand, Shiba Inu (SHIB) price surged 13% in the last 24 hours, now trading at $0.00002935. Other meme coins like PEPE, BONK, and WIF have dropped by 1% to 5% in the last 24 hours.

CoinGape analysts predict that Shiba Inu has the potential for continued growth. They expect further gains, depending on market conditions and investor sentiment.

Top Crypto Gainers Prices Today

Core

The cryptocurrency market today saw CORE as the top gainer, with its price currently trading at $1.79, reflecting a 28% increase in the last 24 hours. Its 24-hour low and high are $1.38 and $2.03, respectively, showing significant price fluctuations.

Theta Network

THETA price is trading at $2.86, reflecting a 25% increase in the last 24 hours. Its 24-hour low and high are $2.294 and $3.165, respectively. According to CoinGape analysts, technical analysts are optimistic about THETA’s potential for further gains. The chart provided by “World of Charts” indicates that a breakout from the descending triangle could lead to a rally targeting $9.00, representing a projected 348% surge from current levels.

Top Crypto Losers Prices Today

Peanut the Squirrel

PNUT price is trading at $1.15, with a 24-hour low of $1.13 and a high of $1.278. The coin has seen a 9% decline in the last 24 hours.

dogwifhat

WIF price is trading at $3.08, reflecting a 6% decline in the last 24 hours. Its 24-hour low and high are $3.06 and $3.30, respectively.

The hourly time frame charts continue to show a declining movement for BTC, ETH, and altcoins. This has raised further investor concerns over the cryptocurrency market today.

The post Cryptocurrency Market Today Dec 1: BTC Falls Below $96K, SHIB Up 13%, and XTZ Jumps 20% appeared first on CoinGape.

With the rising challenges in the crypto industry, the demand for AI trading bots is rising exponentially, as they contain many efficient features, making the entire decision-making process much easier. As the industry is growing in demand, millions of cryptos co-exist, but choosing the right crypto token, placing the trade at the right time, and hundreds of other things require constant investors’ attention. Overall, the crypto trading process is quite challenging, especially for beginners or people with busier schedules. However, Artificial intelligence has made that much easier, and crypto investors are earning millions with bots. One such AI bot just turned $4.5k into $5.5M, clarifying why they are so in demand.

AI Bot aixbt Turned $4.5k Into $5M

aixbt is leading the top AI trading bots list, where it has gained high popularity among investors. It has more than 52.1K Followers on X and is used for its strategic crypto trading advice, which has turned out to be super helpful for a crypto investor with the Ethereum Wallet address of 0xgalahad.eth. As the Arkham Intelligence, this AI agent has helped the investor turn his crypto portfolio from $4.5k to $5M.

0xgalahad.eth turned $4.5K into over $5 MILLION with @aixbt_agent, an AI Agent deployed on Base.

The robots are pumping.

Wallet address: 0x054BA12713290eF5B9236E55944713c0Edeb4Cf4 pic.twitter.com/zum7hgaBI7

— Arkham (@arkham) November 29, 2024

Inside The Crypto Investor’s Portfolio

As per Arkham, the investor, with the AI bot’s assistance, has built a crypto portfolio with eight cryptos, which grew exponentially over the period. These eight cryptos include AIXBT, USDC, ETH, DINERO, WQUIL, WEBSIM, VIRTUAL, and ECHO.

Interestingly, this AI bot’s native token, AIXBT, alone has made $520.63K profits, where he is holding 20.043M AIXBT, worth around $3.68M. The token is new to the market and is in high demand due to its ATH rally to $0.2369 a few hours ago. It has declined from the ATH, trading at $0.2106, but has a 410% surge since its launch on November 21. Interestingly, people are highly bullish on this token, as CoinmarketCap community sentiments indicate 93% bullish beliefs.

The next highest holding is in the dollar-pegged stablecoin, USDC, worth around $860.37k. Next in line is one the biggest and most popular altcoins in 2024, Ethereum, whose recent gains have helped in lifting the crypto investor’s crypto portfolio. The person holds 145.142 ETH, worth around $520.52k.

Overall, the crypto investor’s portfolio is in green with two exceptions. Here, the 0xgalahad.eth is losing money on DINERO and WQUIL. In this, he is holding 2.505M DINERO ($188.03k) and facing a loss of $34.72k. In the case of others, he has 1.346M ($138.93K) and is facing a loss of $6.30K. However, despite that, AI Agents’ strategic decisions and portfolio diversification have helped in overall profit, turning the entire portfolio from $4.5K to over $5.5M.

Final Thoughts

AI bots have taken over the crypto trading industry, as their highly strategic, fast, and hundreds of other factors have increased their demand. The AI agent aixbt is one prime example, as it has turned the crypto investor’s ( 0xgalahad.eth) $4.5k into $5.5M. In this, its native token, AIXBT, has played a major role. It has contributed $3.68M out of the $5.5M crypto portfolio, with its bullishness. However, this is not the only bot’s profiting case, as another AI bot became a millionaire after investing in memecoins.

The post How AI Bot Transformed $4.5K Into $5.5M? appeared first on CoinGape.

The XRP price has hit a $100 billion market cap again, further providing a bullish outlook for the crypto, which has been one of the best-performing crypto assets in recent times. Crypto analysts like Dark Defender have provided insights into what could come next for XRP.

XRP Price Could Rally To $5 Next

In an X post, crypto analyst Dark Defender suggested that the XRP price could rally as high as $5 on its next leg to the upside. This came as he noted that the first target of $1.8 for XRP in this bull run has happened, which led to the crypto hitting the $100 billion market cap mark.

With the first target out of the way, XRP could reach $5.8, which Dark Defender’s accompanying chart highlights as one of the median targets. Interestingly, the chart also highlights $18 as a median target, indicating that the crypto could reach this level at some point.

Dark Defender also recently used his Elliot Wave theory analysis to show how XRP could hit $18 in this market cycle. The chart showed this parabolic rally would occur on the Wave 5 impulsive move to the upside.

Meanwhile, in another X post, the crypto analyst warned about how critical the Fibonacci level at $1.8815 is in the short term. He noted that the XRP price touched $1.9508 and then bounced back to this Fib level. In line with this, he stated that the crypto must stay above $1.8815 for at least three candles.

According to Dark Defender, the first step is to stay 12 hours above this level, followed by a 3-day close above this level. A sustained close above this Fib level could confirm that as a significant support level and propel XRP to new highs.

Amid the recent XRP rally, it is worth mentioning that the crypto has flipped BNB to become the fifth-largest crypto by market cap. Dark Defender believes XRP could flip Solana next to become the fourth-largest crypto by market cap. The analyst had before now also boldly predicted that the crypto would flip Ethereum at some point.

Double Digits Price Target On The Horizon

Crypto analysts like Egrag Crypto and Mikybull Crypto have also suggested that a double-digit price target for the XRP price is on the horizon. In his analysis, Egrag Crypto stated that FOMO will ignite if XRP closes above the $2 level.

He added that if history repeats itself, XRP will likely trade in double digits between $20 and $27. From the accompanying chart, the analyst looks to be referring to the 2017 bull run, in which XRP recorded massive gains on its way to its current all-time high (ATH) of $3.8.

Crypto analyst Mikybull Crypto also stated in an X post that the XRP price is giving off 2017 rally vibes. Based on this, the analyst predicts that XRP will hit $2 and then experience a pullback before it continues its “vertical hated rallies” to a new cycle top of probably $10.

In another X post, he told market participants to watch what will follow after XRP breaks a new ATH. The crypto analyst added that the 2017 kind of massive rallies are about to be unveiled before everyone’s eyes. With XRP flying high at the moment, a recent CoinGape market analysis also raised the possibility of the crypto’s ATH being imminent.

The post XRP Price Hits $100 Billion Market Cap: What’s Next? appeared first on CoinGape.

Elon Musk has filed for a preliminary injunction against OpenAI and its key partners, including Microsoft for alleged anti-competitive practices as stated by his legal team.

The class-action lawsuit was filed in the U.S. District Court for the Northern District of California on Friday evening and names OpenAI, its CEO Sam Altman, President Greg Brockman, Microsoft, and several others associated with the companies.

Tesla CEO’s lawyers say that OpenAI has changed its focus from a non-profit organization and is using tactics that are damaging to the competition in the AI sector.

Elon Musk Files Lawsuit Against OpenAI and Microsoft

According to Elon Musk’s lawyers, OpenAI and Microsoft are engaging in market manipulation to deter investments into competing AI ventures, including Musk’s xAI. The lawsuit alleges that OpenAI coerced investors into not supporting rivals such as xAI that has recently secured funding.

Musk’s attorneys refer to the fact that OpenAI compelled investors in its last funding round not to invest in competing AI ventures, which presents a challenge to organizations like xAI.

Additionally, the injunction aims at stopping OpenAI and Microsoft from taking other actions that may be detrimental to the market such as sharing of property information and invention. The lawsuit alleges that OpenAI has changed the governance of the platform to that of a for-profit business model which is the opposite of what was promised initially. Musk’s legal team claims that this shift violates the initial mission of OpenAI to contribute its AI technologies to the public for the common good.

Microsoft’s Role and Financial Interests

Another key factor of Musk’s case is the vast financial support that Microsoft has provided to OpenAI. Since 2019, Microsoft has pumped in more than $13 billion into OpenAI and in the process has booked itself a large share of the company’s revenue. 

The complaint states that Microsoft has been using this partnership to acquire information and assets from OpenAI, including the AI models, hosted on Microsoft’s cloud services.

The filing also reveals possible concerns over conflicts of interest. For example, it discusses how Sam Altman, the chairman of OpenAI, has a financial interest in Stripe, the company that OpenAI used for payments. Musk’s team claims that Altman’s relationship with Stripe will create a conflict that can influence OpenAI in a wrong way and hinder competition within the market. These allegations suggest a wider scheme of self-enrichment that Musk’s lawyers state is damaging the AI environment.

xAI’s Growth and Investor Backlash

Although xAI has struggled with fundraising, the company has recently announced that it has closed a $5 billion funding round, with investment from firms like Andreessen Horowitz and Fidelity. Despite Musk’s allegations that OpenAI’s actions have made some investors refrain from investing in xAI, the recent funding received by the company indicates that it has not faced challenges in raising capital.

The lawsuit also mention that Musk’s xAI, which was founded last year, has created its own generative AI named Grok. This model supports several features on Musk’s social network X (previously Twitter). Although xAI is already a financially backed company in the AI field, Musk’s team claims that the current OpenAI’s practices may be detrimental to the company’s future.

Despite these claims, Sam Altman’s OpenAI recently announced a $1.5 billion investment facilitated through a tender offer. The move allowed employees to sell shares to SoftBank, which now holds a significant stake in the company. This transaction adds another layer of complexity to Musk’s claims, as his legal team contends that OpenAI is further distancing itself from its original nonprofit mission in favor of financial gain.

The post Just In: Elon Musk Files Lawsuit Against OpenAI and Microsoft Over Antitrust Claims appeared first on CoinGape.

MicroStrategy’s ongoing strategy of using convertible debt to buy Bitcoin has attracted considerable attention from investors. In his latest comments, Anthony Pompliano explained the math behind the strategy and the potential risks associated with it. Pompliano acknowledged that the strategy could be lucrative but warned that there are risks investors must consider before fully embracing it.

Anthony Pompliano Discusses the Risks Behind MicroStrategy’s Bitcoin Strategy

In a recent interview, Anthony Pompliano analyzed MicroStrategy’s approach of using convertible debt to purchase Bitcoin. The company has been selling future equity at a 55% premium to fund Bitcoin acquisitions, an attractive proposition from a financial standpoint. 

By selling shares at higher prices than its current stock value, MicroStrategy is able to generate significant capital to buy Bitcoin. Anthony Pompliano emphasized that this method makes sense mathematically but warned investors about the risks that are often overlooked. He pointed out there are many unknowns that could impact the outcome of the Bitcoin Strategy.

The key concern raised by Pompliano is that many investors blindly believe that nothing can go wrong with this strategy. He warned against this, stating,

“Now, the counterweight to that is there’s a hell of a lot of people I see saying nothing can go wrong. I’m not in that camp. I couldn’t sit here and tell you what can go wrong, but what I can tell you is that an alarm goes off in my head when I start seeing everyone saying nothing can go wrong.”

Despite these speculations, recently, the Bitcoin advocate revealed that Donald Trump holds Bitcoin and is a strong supporter of the cryptocurrency. According to Anthony Pompliano, Trump’s pro-Bitcoin stance could reshape U.S. economic policies and lead to the creation of a national Bitcoin reserve. 

Extreme Risks Associated With The Bitcoin Strategy

One of the extreme risks Anthony Pompliano highlighted is the possibility of Bitcoin being banned in the United States. While he noted that this is unlikely to happen, he mentioned that such an event would damage MicroStrategy’s stock price.

In a recent report, IntoTheBlock highlighted four major risks that MicroStrategy’s aggressive Bitcoin acquisition strategy poses to the crypto market. Despite these being low-probability risks, Pompliano stressed that it’s essential for investors to consider the most extreme scenarios.

Additionally, Pompliano suggested that the risks associated with this strategy are amplified by the crypto market volatility. While it is difficult to predict all risks, BTC volatility and the regulatory uncertainty must be taken into account. 

Amid the discussion, the Capital Management founder and CEO recently proposed that the United States should consider creating a Bitcoin reserve. He called for the U.S. government to allocate $250 billion to purchase Bitcoin as an hedge against dollar devaluation. 

The post Anthony Pompliano Reveals The Risk Involved In MicroStrategy’s ‘Bitcoin Strategy’ appeared first on CoinGape.

Theta Network (THETA) price soared to a 12-month high of $3.08 in the last 24 hours after establishing support at an intraday low of $2.28. This rally drove THETA’s market capitalization up by 25% to $3.10 billion, while its 24-hour trading volume spiked by 351% to $548.37 million.

The strong upward momentum has sparked interest among traders and analysts, with many speculating on whether the rally will continue.

THETA Price Jumps Over $29

The THETA price has demonstrated a remarkable upward trend throughout the day, surging nearly 29% within 24 hours. The rally began after the price broke above its consolidation zone near $2.40 during the early afternoon, signalling increased buying interest.

By the end of the day, THETA had reached a daily high of $3.08, reflecting heightened bullish sentiment in the market. On the weekly basis, THETA price has exhibited steady growth, climbing from $2.10 to over $3.00, representing a 59% rise in seven days. The consistent upward movement was accompanied by a series of higher highs and higher lows, which analysts interpret as a strong indicator of continued bullish momentum.

The price has now broken past multiple resistance levels, indicating that traders are optimistic about the asset’s short-term prospects. According to on-chain data, the breakout occurred as derivatives trading volume surged by over 420% to $983.06M, reflecting renewed interest from market participants.

Additionally, open interest in THETA derivatives rose by 75.35% to $108.91 million, indicating that more traders are taking positions in the asset. This spike in activity coincided with THETA’s price moving past critical resistance levels at $2.40 and $2.50, confirming the start of a strong uptrend.

Analysts Predict Further 348% Upside

Concurrently, technical analysts are optimistic about the potential for further gains in THETA’s price. The chart provided by “World of Charts” indicates that the breakout from the descending triangle could lead to a rally targeting $9.00, a projected 348% surge from current levels. The measured move from the triangle’s base supports this bullish outlook.

Javon Marks, a market analyst, pointed out that THETA’s ability to break its long-term trendline suggests a reversal of bearish momentum. Marks noted, “The steep upward trajectory and higher highs confirm that the bulls are in control, and the rally could extend to $8.00 in the near term.”

He also highlighted that the price has yet to encounter significant resistance, which could enable continued growth in the short term.

THETA Price Technical Analysis

THETA’s technical indicators further support the bullish outlook. The MACD (Moving Average Convergence Divergence) is significantly above its signal line, confirming strong upward momentum. The widening gap between the MACD and the signal line suggests that the uptrend remains intact.

Additionally, the Money Flow Index (MFI) is at 93.69, which places THETA in the overbought zone. While this indicates strong buying pressure, analysts caution that a minor pullback or consolidation could occur before the next leg up.

Concurrently, the 50-day moving average is also approaching a bullish crossover with the 200-day moving average, signalling the potential for a “golden cross.” This technical pattern is often a precursor to sustained price increases hence backing the potential THETA price breakout.

The post THETA Price Jumps 29%, Rally To Continue? appeared first on CoinGape.

The impact of the Operation Chokepoint 2.0 expanded beyond the crypto industry to tech giants like Visa and Mastercard. This revelation came to light through Balaji Srinivasan, the former CTO of Coinbase Exchange. In a post on X, Balaji shared a screenshot of a letter sent to Visa, Mastercard and Stripe from US lawmakers, urging them to back out from the Meta-backed Libra project.

The Visa and Fintech Giants a Scrutiny Checks

Earlier, Coingape reported how US Treasury Secretary Janet Yellen allegedly played a part in killing the Libra project as unveiled by David Marcus.

Corroborating this expose, Balaji shared an excerpt from a letter signed by Senators Brian Schatz and Sherrod Brown sent to the fintech giants. The letter threatened “scrutiny” on Visa and all payment services providers with ties to the project.

He said the “scrutiny” of unrelated activities marked a signal to regulators to “invent violations and impose fines till their targets buckled.”

The whole thing was lawless.

By “scrutiny” of unrelated activities they were telling regulators to invent violations and impose fines till their targets buckled.

And if Democrats did this publicly to Meta, imagine what they did privately to citizens.https://t.co/wZmUPYEqm5 https://t.co/YGWyPanobo pic.twitter.com/P4K0qEwddJ

— Balaji (@balajis) November 30, 2024

Meanwhile, Terry Angelos, the former SVP of Crypto & Fintech at Visa confirmed the scrutiny on Visa. He noted that Democrat leaders called the payment giant with similar messages and the firm had to scale back its crypto efforts.

This regulation by enforcement strategy marked the primary concerns crypto leaders have flagged in relation to the activities of the US SEC. Drawing on this, pro-crypto lawyer John Deaton has called for a probe on Operation Chokepoint 2.0.

Will Donald Trump End Operation Chokepoint 2.0?

By January 20, Donald Trump will take his oat of office as President of the United States. Ahead of this inauguration, many industry leaders are already calling for a cleanup of the system.

The ball is already set in motion via the Department of Government Efficiency (D.O.G.E). The President-elect has already appointed Elon Musk and Vivek Ramaswamy to head this commission. The goal remains to pursue efficiency among government agencies.

Elon Musk has expressed concerns regarding the revelations around Operation Chokepoint 2.0 as many have shared thus far. It remains to be seen if the commission will take direct actions to investigate this concerns moving forward.

The post Visa and Mastercard Received ‘Scrutiny’ Threats Over Libra Ties: Details appeared first on CoinGape.

John Deaton has often complained about the preferential treatment that the founder of the defunct FTX exchange, Sam Bankman-Fried (SBF), has received. During a recent conversation, Deaton stated that SBF, who is the head of an offshore exchange that was involved in a controversy, got access to the US regulators as well as the politicians in an unusual manner. Deaton also noted that Sam Bankman-Fried got preferential treatment because he donated money to the Biden administration and had close contacts with the officials.

John Deaton Comes For Sam Bankman-Fried

In a recent post on X, John Deaton reiterated his stance that Sam Bankman-Fried (SBF) enjoyed unprecedented access to U.S. regulators despite heading an offshore crypto exchange. Deaton points out that SBF’s political donations played a role in securing this preferential treatment. Bankman-Fried’s total political donations amounted to $72 million, with $10 million going to the current administration. This has fueled speculation of potential regulatory favoritism.

Deaton highlights a series of meetings that SBF had with key figures, including SEC Chairman Gary Gensler. According to Deaton, while Gensler met with Bankman-Fried on at least two occasions, the SEC chair refused to meet with U.S.-based crypto executives, including Coinbase CEO Brian Armstrong.

The XRP lawyer suggests that this discrepancy raises questions about why the SEC was willing to engage only with Sam Bankman-Fried (SBF). He argues that this selective engagement warrants further scrutiny.

Moreover, Deaton urged the Trump administration to investigate these allegations stating,

“One way to end all the speculation and rumors related to SBF is to release all correspondence and meeting notes related to him.” 

Tagging Donald Trump, Musk, and Vivek Ramaswamy, the XRP lawyer added,

“Please assign me to lead the investigation into this and/or Chokepoint 2.0. I’ll do it for free and save the taxpayers money.”

Sam Bankman-Fried’s Family Ties to Politics Under Scrutiny

Also, John Deaton questioned why no criminal charges have been filed against SBF’s parents. Joe Bankman and Barbara Fried, the two individuals who have been exposed as having received stolen FTX funds, have not been punished. He stressed that the couple bought tens of millions of dollars of property in the Bahamas, funded by clients’ assets.

John Deaton pointed out that SBF’s parents were politically connected, Joe Bankman was involved in the formulation of Elizabeth Warren’s tax policy. In addition, Barbara Fried supported a progressive PAC, which only strengthened their political connections.

Amid growing concerns, John Deaton has called for an investigation into what he refers to as Operation Chokepoint 2.0. This alleged initiative, according to Deaton, targets crypto companies and aims to debank entities associated with the industry. 

Deaton claims that Kraken’s Jesse Powell and Ripple CEO Brad Garlinghouse, among others, have faced similar issues with U.S. financial institutions.

Consequently, the lawyer has called for a probe into Operation Chokepoint 2.0, urging government figures, including President-elect Donald Trump, to investigate. He suggests that an independent counsel be appointed to probe the issue. More so, Deaton mentioned Nic Carter as a potential candidate to lead the investigation. 

Deaton also criticized figures such as Senator Elizabeth Warren, who has been accused of supporting the debanking efforts.

The post John Deaton Calls Out SBF, Alleges Special Treatment From Biden’s Government appeared first on CoinGape.

As Bitcoin edges closer to the $100,000 milestone, Solana Rivals are gaining momentum, capturing investor interest with groundbreaking innovations and strong market performance. These altcoins offer compelling opportunities for portfolio diversification, attracting attention from traders eager to capitalize on their growth potential in the ever-evolving cryptocurrency market.

Solana Rivals Dogecoin (DOGE)

Dogecoin (DOGE), a popular meme coin inspired by the Shiba Inu “doge” meme, recently experienced a notable price surge. The cryptocurrency’s value has risen 150% over the past month. At the time of writing, the DOGE price is trading at $0.138. Over the last year, Dogecoin has surged by an impressive 106%, signaling growing investor interest and its position as a Solana rival in the crypto space.

Whale transactions involving Dogecoin have also spiked, underscoring heightened activity from large holders. In late October, transactions exceeding $100,000 increased sharply, coinciding with DOGE’s climb. This trend highlights significant whale interest, potentially driving further market movements.

Aureal One

Aureal One, a platform that blends blockchain with immersive metaverse experiences, has sparked immense interest with its presale launch. The platform integrates gaming, virtual reality, and real-life applications, creating a unique ecosystem powered by the Aureal One Blockchain. 

Flagship projects DarkLume and Clash of Tiles showcase its potential to deliver engaging experiences and growth opportunities in the expanding metaverse space.

Toncoin (TON)

Toncoin (TON) is gaining traction with its advanced Layer-1 blockchain technology, delivering fast transactions and low fees. At the time of writing, the TON price is $6.83. The cryptocurrency has surged by 6% in the past 24 hours. 

Over the past year, TON has recorded an impressive 183% growth, sparking comparisons to Solana as a strong competitor for 2024, especially with Bitcoin’s potential approach to $100K. 

TON’s total value locked (TVL) has reached $390.12 million, reflecting growing investor interest. This rising TVL signifies increased asset holdings within the network, underscoring TON’s expanding role in decentralized finance (DeFi) and its promising growth potential.

Cardano (ADA)

Cardano (ADA), a prominent third-generation blockchain, is renowned for its energy-efficient proof-of-stake (PoS) protocol. Over the past year, the ADA price surged 118%, with a recent 4% gain, trading at $1.09, strengthening its competition with Solana.\

Approximately 83.23% of ADA tokens, equating to 29.9 billion, remain “In the Money,” indicating profit based on acquisition costs. Meanwhile, 5.19% of tokens, equivalent to 1.86 billion ADA, are “Out of the Money.” Lastly, 11.59%, or 4.16 billion ADA, sit “At the Money,” reflecting break-even conditions.

Solana rivals are strengthening their foothold as Bitcoin’s surge drives crypto market optimism. Their scalability, innovation, and growth potential make them key contenders for investors seeking high returns in the evolving blockchain ecosystem.

The post Top 4 Solana Rivals to Watch Before Bitcoin Hits $100K appeared first on CoinGape.

Cardano founder Charles Hoskinson has recently commented on Operation Chokepoint 2.0, calling it a global and highly targeted attack on the cryptocurrency industry. He said that the effects have led to long-term financial and psychological damages, and called on the industry to act as one and fight for new laws banning such activities from happening again.

Cardano Founder Stance on Operation Chokepoint 2.0

In a recent X (previously Twitter) post, Cardano founder Charles Hoskinson revealed his concerns about the global implications of Operation Chokepoint 2.0. He said the campaign is a systematic process of harassing, fining, auditing, and denying services to cryptocurrency businesses across the globe. These comments align with pro-crypto lawyer John Deaton’s stance that the Trump administration should investigate Operation Chokepoint 2.0. 

The global fallout from Operation Chokepoint 2.0. So many people put their head in the sand for political reasons, saying it's not as bad as the industry was making it out to be.

It is worse and global. So many businesses were harassed, fined, audited, and de-platformed. It has… https://t.co/kKu2qGp8Ae

— Charles Hoskinson (@IOHK_Charles) November 30, 2024

He said that the operation went beyond the United States, which made the banks move to debank cryptocurrency entities out of fear of losing their correspondent relationships with American banks.

Charles Hoskinson also pointed to the implications that this has for companies and people within the cryptocurrency space in terms of economic and emotional pain. He called on the industry to capitalize on the situation in order to lobby for laws against future actions of this kind. “We have a small window of time to get a law passed,” he wrote, stressing the urgency of collaborative action.

Industry Leaders Speak Out on Debanking Crisis

The remarks by the Cardano founder Charles Hoskinson echoes the sentiments of many in the industry as they criticize Operation Chokepoint 2.0. An entrepreneur from Barbados – Gabriel Abed told his story about how First Citizens Caribbean Bank closed his account after he received a deposit from Kraken related to Bitcoin. 

He said that the bank closed his account because the bank had concerns over the U.S. correspondent relationships while he had been banking with them for ten years.

Faryar Shirzad from Coinbase, Chief Policy Officer, provided similar examples of other players in the field, citing the research by Nic Carter. Shirzad has urged the need to enhance the public disclosure and the rule of law to the actions of such government agencies. He also stressed the importance of supervising the banks in order not to let such politically motivated campaigns happen again.

Ripple CTO and Others Condemn Indirect Regulation

Ripple’s Chief Technology Officer David Schwartz also joined the discussion to describe debanking as a form of indirect regulation. According to Schwartz, those actions violate basic legal concepts such as due process, freedom of speech, and prohibitions against unlawful searches.

“It is easier to force banks to stop doing business with undesirable clients than to make this business unlawful,” he said, calling on the government to use legal and transparent means to address the matter.

Many prominent tech individuals have also reported cases of debanking. Frax Finance founder Sam Kazemian was debanked by JPMorgan Chase in late 2022, while Coinbase CEO Brian Armstrong has made FOIA requests to discover the extent of government involvement. Armstrong called the campaign “unethical” and claimed that top-tier personalities like Senator Elizabeth Warren and SEC Chairman Gary Gensler were instrumental in the effort

The post Cardano Founder Charles Hoskinson Breaks Silence On Operation Chokepoint 2.0 appeared first on CoinGape.

Shiba Inu price, a widely recognized meme coin, has experienced a notable price surge over the past month. The increase follows the U.S. elections, which saw positive sentiment ripple through cryptocurrency markets. The token’s momentum places it as a standout in the meme coin sector, with discussions growing around its potential to reach $1. Despite minor market corrections, SHIB’s trajectory reflects promising growth trends that continue to energize its community.

Will Shiba Inu Price Hit $1 in 2024?

Shiba Inu price remains a focal point as meme coin season captures attention across the cryptocurrency market. A recent surge in interest in meme coins, including DOGE and Pepe, has created a vibrant market environment. This wave of enthusiasm has fueled speculation about Shiba Inu’s potential price trajectory.

Shiba Inu burn activity recently saw a remarkable 7,400% spike over the past week. This surge was driven by the destruction of nearly 2 billion SHIB tokens. Notably, a single transaction by a project executive burned 80 million tokens, demonstrating the community’s commitment to reducing supply.

Several meme coins have achieved record-breaking highs, reflecting strong investor confidence in this niche. Shiba Inu, widely recognized as a “Doge-killer,” could benefit significantly from this rally. New and experienced crypto enthusiasts closely monitor the coin as market optimism builds.

The ongoing crypto bull run, marked by Bitcoin surpassing $97,000 and Ethereum reaching $3,600, has further lifted market sentiment. This momentum has created a ripple effect, benefiting altcoins like Shiba Inu. The coin’s price has shown upward momentum in response to this broader market rally.

Shiba Inu price prediction could experience substantial price growth if market trends remain favorable, reinforcing its reputation as a key player in the meme coin niche.

Shiba Inu Price Soars 40% Amid Bullish Trend

The Shiba Inu Coin price has surged by 50%, signaling a notable recovery in the meme coin market. The SHIB price is trading at $0.00002688 at the reporting, reflecting a 4% gain over the past 24 hours. SHIB’s price movements show a consistent upward trend throughout the day, with the lowest price at $0.00002562 and the highest at $0.00002746. 

Despite being significantly lower than its all-time high of $0.00008845 on October 28, 2021, the token’s recent price activity suggests renewed market momentum.

The combination of rising burn rates, strong market sentiment, and a thriving meme coin sector suggests a promising outlook for Shiba Inu. While the $1 price target remains ambitious, ongoing market conditions could provide the momentum needed to bring SHIB closer to this milestone.

The post Is $1 Shiba Inu Price Possible In The Next 30 Days? appeared first on CoinGape.

Despite the recent Bitcoin crash, Ethereum (ETH) price trades today at No data found for ethereum on 2 days ago as of No data found for ethereum on 2 days ago. Surprisingly, ETH performance during the recent crash is much better than most altcoins. Regardless, Ethereum prices today hit a daily high of No data found for ethereum on 2 days ago after No data found for ethereum on 2 days ago% move on December 2.

Why is Ethereum Price Rising Today?

Ethereum price performance relative to its peers shows strength. While altcoins gave gains back to the market due to Bitcoin’s sudden downtrend, Ethereum price climbs higher. This strength shows a paradigm shift that hints at an end of Ether’s lackluster performance. If BTC consolidates or climbs higher, the ETH price could extend its gains. But a drop in BTC toward $90k could delay this uptrend. could drop lower or climb higher.

Ethereum Price Chart Today

*Ethereum price updated as of No data found for ethereum on 2 days ago.

Ethereum’s innovative smart contract technology has made it a standout altcoin since its inception in 2015. Continuous major network upgrades ensure Ethereum stays ahead in smart contract innovation. The latest upgrade, Cancun, launched on March 13, 2024.

Ethereum Price Outlook

ETH’s year-to-date (YTD) performance continues to increase and currently sits at 33%. This recent slump in Bitcoin price has affected the YTD gains, which have dropped from 50% since November 11. As of December 2, 2024, if you invested $10,000 in ETH on January 1, 2024, your portfolio, after 317 days, would be up roughly $3,317. Ethereum’s market capitalization stands at No data found for ethereum on 2 days ago.

Ethereum: The Second-Largest Crypto By Market Cap

Ethereum ranks second in market capitalization, valued at No data found for ethereum on 2 days ago, after Bitcoin’s $1.73 trillion. Together, BTC & ETH’s market capitalization constitutes 83% of the total crypto market cap.

Despite this recent downtick and recovery, the 24-hour trading volume of Ethereum is No data found for ethereum on 2 days ago.

Ethereum’s Crypto Trading Volume Soars

The 24-hour trading volume of Ethereum is No data found for ethereum on 2 days ago. Binance is the largest contributor to this trading volume – about 11% is contributed by spot trading and nearly 40% from futures trading. Exchanges like OKX, Bitget, and ByBit follow Binance.

Ethereum Upgrades to Proof-of-Stake Technology

The London hard fork is a significant Ethereum blockchain upgrade. It changed the network from Proof-of-Work (PoW) to Proof-of-Stake (PoS). Ethereum co-founder Vitalik Buterin recently shared his thoughts on X (formerly Twitter). He explained how Proof-of-Stake (PoS) is more decentralized than Proof-of-Work (PoW).

Notable Ethereum Blockchain Upgrades in 5 Years

Here are some key upgrades in the past five years that shaped Ethereum as the second-largest crypto by market capitalization.

• Cancun-Deneb (“Dencun”): This upgrade aimed to improve Ethereum’s scalability, security, and usability, setting the stage for further enhancements.

• Shanghai-Capella (“Shapella”): Enabled the withdrawal of staked Ether (ETH), marking a significant milestone in Ethereum’s transition to a Proof-of-Stake (PoS) consensus algorithm.

• Paris (The Merge): Successfully transitioned Ethereum from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus algorithm, reducing energy consumption and increasing security.

• Bellatrix: Prepared the Ethereum network for The Merge by introducing the necessary PoS consensus logic.

• Gray Glacier: Delayed the “difficulty bomb” that would have slowed down the network, ensuring a smooth transition to PoS.

• Arrow Glacier: Delayed the “difficulty bomb” again, providing more time for the transition to PoS.

• Altair: Introduced several improvements to the Beacon Chain, including better validator incentives and enhanced security.

• London: Implemented the highly anticipated EIP-1559, which reformed the transaction fee market, making it more efficient and user-friendly.

• Berlin: Introduced several protocol upgrades, including improved gas efficiency and enhanced security features.

• Beacon Chain genesis: Launched the Beacon Chain, marking the beginning of Ethereum’s transition to PoS.

• Staking deposit contract deployed: Enabled users to deposit ETH and participate in the PoS consensus algorithm.

How ETH Gas Affects Ethereum Price

The blockchain upgrades Ethereum receives aim to solve the trilemma of blockchain, i.e., balancing decentralization, security, and scalability. The switch to Proof-of-Stake (PoS) enhanced these aspects. Ethereum’s transaction fees (gas fees) plummeted post-upgrade, drawing more investors. Gas fees are like taxes, measured in Gwei, required for secure transactions.

As of December 2, the gas fee for a transaction on the ETH network as of No data found for ethereum on 2 days ago is 14 Gwei.

When Ethereum’s on-chain value grows, presenting opportunities, investors flock, driving gas fees up. This typically occurs during market upswings, peaking at all-time highs.

The post Ethereum Price Today: What to Expect from ETH in December appeared first on CoinGape.

The US Securities and Exchange Commission (SEC) has charged Touzi Capital and its founder, Eng Taing, with alleged securities violations. The SEC also accused the firm of fraud in how it commingled and misappropriated investors’ funds.

US SEC Charges Touzi Capital And Its CEO

In a press release, the US SEC announced that it had filed a civil action against Touzi Capital and its CEO, Eng Taing, for allegedly defrauding over a thousand investors in unregistered securities offerings that raised over $100 million.

The Commission’s complaint also alleges that the defendants misled investors in how they handled the proceeds from these offerings. The SEC stated that Touzi Capital and its CEO commingled and misappropriated investors’ funds and raised capital through false and misleading statements.

These statements included ones about the liquidity of their investments and other factors related to their profitability. For context, Touzi Capital is a firm that offers investment opportunities in real estate, blockchain, and private equity.

The US SEC handles issues related to securities violations, with their regulatory oversight extending to the crypto industry. However, CoinGape recently reported that Donald Trump plans to give the US Commodity Futures Trading Commission (CFTC) oversight of the $3 trillion crypto market, which will include matters related to blockchain technology.

Further Details Of The Commission’s Complaint

According to the US SEC’s complaint, between 2021 and early 2023, Touzi Capital and Taing conducted unregistered securities offerings of its crypto asset mining funds. The firm stated that these funds were to finance the operations of a particular crypto asset mining entity and raised almost $95 million from over 1,200 investors nationwide.

However, the firm looks to have misled investors in this regard. The Commission alleges that the defendants commingled these funds among its various businesses, some unrelated to crypto asset mining.

The CEO’s involvement was also highlighted as he allegedly misappropriated some of these funds for personal use while misleading investors on how much profit they were making from their business operations.

Similarly, the US SEC alleges that Touzi Capital raised almost $23 million for its debt rehabilitation business but commingled these funds with those of its crypto asset mining business and other unrelated businesses.

The Commission also allegedly misled investors about the stability of these investments, comparing them to high-yield money market accounts when, in fact, the investments were risky and illiquid. Despite this, the SEC said that Touzi continued to recruit more investments even after the investments began failing.

The SEC seeks permanent injunctions, disgorgement with prejudgement interest, and civil penalties against the defendants. It also wants an officer and director bar against Taing. Amid this development, another case is also in focus, as ex-CFTC and XRP lawyers say that the Commission could drop its appeal in the Ripple lawsuit.

The post US SEC Charges Touzi Capital Over $100M Securities Violations appeared first on CoinGape.

In the $3.42T worth of the crypto industry, meme-inspired tokens have built their kingdom, as their demand is quite high. In 2024, the memecoins and meme coin creators count grown exponentially, especially with token launcher platforms like Pump.Fun, where millions of tokens have been launched in just a few months. One such token’s creator has made a major crypto transaction mistake, losing $150k within seconds, leaving the crypto community in shock as to how such an experienced individual could make such a foolish mistake.

How The ‘I Have Nothing’ Meme Coin Creator Lost $150k?

I Have Nothing meme coin creator and a person with major investment in the top meme coins list, DomTheTroll lost $15ok during a live stream while conducting a routine operation. This happened a few days ago, when DomTheTroll, a popular YouTuber and live-streamer, accidentally burned his tokens by transferring them to a burn address. This is one of the biggest transaction blunders, as the meme coin creator lost all of his crypto holdings worth around $150,000, that too in front of hundreds of viewers.

As already clear, a burn address permanently locks the cryptos with no way to recover, which has put DomTheTroll in a major loss. Even the crypto community sympathized with the creator, as it was a very common mistake and has happened to many, where people missed cross-checking information before proceeding with crypto transactions.

This “dev” accidentally burned $150k of tokens (everything he had) while live streaming pic.twitter.com/C6CRSzFaXE

— Gordon (@AltcoinGordon) November 27, 2024

Interestingly, it is normal for crypto investors to earn millions in the trading industry, but such hefty losses are also equally normal.

Two More Crypto Users Made Similar Mistake

Similar to the meme coin creator, a crypto trader lost millions as he transferred $3.08M worth of tokens to the wrong address. The trader intended to transfer funds to a receiving wallet but did not cross-check the entire wallet address and transferred the tokens to a scammer’s wallet. The scammer has been planning this scam for a long time. He custom-created a wallet address that has a similar character as the receiving wallet. He then created a transaction history with the crypto trader. In the end, the scammer got $3.08M after the victim transferred 7M PYTH.

Additionally, another crypto user lost $25 Million after mistaking the safe module for the safe wallet. This happened at the beginning of the month when the user intended to transfer his Renzo Restaked ETH to a safe module. Instead, he sent these tokens to the safe module, which has locked these tokens in a Smart Contract forever. The only solution was to request the Renzo team to modify the Smart Contract, but due to compliance issues, they could not, leading the crypto user to a major loss.

These are some of the examples that have happened this month, but there are more. Overall, this confirms how often such crypto transaction mistakes happen, leaving crypto investors in major losses.

What’s The Lesson Here?

In November alone, three prominent crypto transaction mistakes were noticed that have left crypto users in heavy losses. However, there are many more, and people are losing millions with a minor mistake. The popular Youtuber and meme coin creator lost $150k within a second while running a routine operation. More importantly, hundreds of people get to witness this incident live, leading to it becoming a major lesson for others.

The post How This Meme Coin Creator Accidentally Lost $150k? appeared first on CoinGape.