The most recent news about crypto industry at Cointelegraph. Latest news about bitcoin, ethereum, blockchain, mining, cryptocurrency prices and more.
-
BTC, ETH, XRP, BNB, SOL, DOGE, ADA, AVAX, SUI, LINK
Bitcoin (BTC) has pulled back near $95,000, indicating that the bears are trying to strengthen their position. A minor advantage in favor of the bulls is that the US spot Bitcoin exchange-traded funds witnessed inflows of $52.4 million on Jan. 7, even when Bitcoin fell more than 5%, per Farside Investors data. This suggests that…
-
Bitcoin whales have scooped up 34K BTC since December dump: Analyst
Large Bitcoin holders are back to buying huge amounts of the cryptocurrency after its price dove toward the end of 2024 following a record six-figure high, says a Blocktrends analyst. More than 34,000 Bitcoin (BTC), currently worth $3.2 billion, has been “accumulated by institutional investors, providing buying pressure for the current recovery in Bitcoin,” Blocktrends…
-
Pudgy Penguins’ NFT sales nosedive as token rallies: Nifty Newsletter
In this week’s newsletter, read how non-fungible tokens (NFTs) remained a hot topic as Pudgy Penguins’ PENGU token saw a drop of over 50% in NFT sales, check out why PUBG creator Brendan Green rejected NFT integration in his upcoming metaverse and find out why the Eden Gallery filed a motion to dismiss a lawsuit…
-
Virtuals Protocol Discord server hacked, fake Google links posted
AI agent platform Virtuals Protocol suffered a hack to its Discord server on Jan. 8, and several fraudulent links purporting to be the Virtuals Protocol website were posted on Google Search. According to the Virtuals team, one of the Discord group’s moderators was the victim of a private key breach that compromised the messaging server.…
-
BTC, ETH, XRP, BNB, SOL, DOGE, ADA, AVAX, SUI, LINK
Bitcoin (BTC) has pulled back near $95,000, indicating that the bears are trying to strengthen their position. A minor advantage in favor of the bulls is that the US spot Bitcoin exchange-traded funds witnessed inflows of $52.4 million on Jan. 7, even when Bitcoin fell more than 5%, per Farside Investors data. This suggests that…
-
Why is the crypto market down today?
The cryptocurrency market took a hit today, with the total market capitalization dropping by around 6.3% to about $3.35 trillion on Jan. 8 as strong US economic data pointed toward potential interest rate hikes. 24-hour performance of large-cap cryptocurrencies. Source: Coin360 Let’s look closer at the factors driving the crypto market down today. Bitcoin leads…
-
Finnish police seize watches worth $2.6M from Hex founder Richard Heart: Report
Finnish police reportedly seized about $2.6 million worth of luxury watches from Hex founder Richard Schueler, also known as Richard Heart, who is wanted for tax evasion and assault in Finland. Police seized 20 luxury watches, mostly Rolexes, which are believed to be Schueler’s and were left in a residence in the city of Espoo,…
-
Bitcoin investor ordered to hand over crypto keys in landmark tax case
An early Texas Bitcoin investor was ordered to surrender his crypto and other wallet private keys and access codes as part of a restraining order after being sentenced in December to two years in prison for tax fraud. Frank Richard Ahlgren III, who falsely underreported capital gains on over $3.7 million in Bitcoin (BTC) sales…
-
Multicoin Capital eyeing AI agents, institutional ‘frenzy’ in 2025
Multicoin Capital expects 2025 to be a “pivotal year” for Web3 as artificial intelligence flourishes and tokenization triggers a “frenzy of institutionalization,” the venture capital firm said in a Jan. 7 report. The report, dubbed “Frontier Ideas for 2025,” anticipates the emergence of AI-run “zero-employee companies” and a “dizzying pace” of institutional adoption as security…
-
BTC miners adopted ‘treasury strategy,’ diversified business in 2024: Report
2024 was a record-breaking year for the Bitcoin mining industry, but increased competition and sector volatility compelled several companies to adopt new strategies. According to a Jan. 7 report by NiceHash and Digital Mining Solutions, public miners followed in MicroStrategy’s footsteps by increasing their Bitcoin (BTC) treasury holdings. “In 2024, a notable shift emerged among…
-
Bitcoin’s brief rally to $100K triggers record 5.4K BTC monthly outflow
Bitcoin (BTC) closed a daily candle at $102,180 on Jan. 6 after another round of positive ETF inflows worth $978.6 million. However, prices dropped sharply on Jan. 7 as traders expected BTC to retest the $100,000 level. Despite these short-term BTC drawdowns, significant investor activity was observed on major exchanges, indicating a bullish urgency. Bitcoin…
-
Hyperliquid must draw developers or risk unraveling: VanEck
Layer-1 blockchain network Hyperliquid needs to bootstrap a robust developer community to sustain its native token’s roughly $25 billion market capitalization, asset manager VanEck said in a Jan. 6 research note. Hyperliquid has become one of the most valuable blockchains since launching its HYPE token in a November airdrop. However, Hyperliquid’s nascent smart contract platform…
-
Czech National Bank governor weighs Bitcoin for future reserve strategy
The governor of the Czech National Bank, Aleš Michl recently considered Bitcoin as a potential diversification strategy for the country’s foreign exchange reserves, highlighting growing government interest in cryptocurrency as a savings technology. In an interview with CNN Prima News, Michl said he was considering acquiring “a few Bitcoin” for diversification, which wouldn’t count as…
-
Solana 24-hour DEX volume beats Ethereum, Base combined
The Solana network has surpassed Ethereum and Base combined in 24-hour decentralized exchange (DEX) trading volume, according to data from DefiLlama. According to DefiLlama, daily trading volume across Solana-based DEXs neared $3.8 billion on Jan. 6, versus $1.7 billion for Ethereum and $1.2 billion for Base, Ethereum’s most popular layer-2 scaling network. The growing trading…
-
New Solana proposal aims to fix scalability issues with ‘lattice’ system
Solana developers proposed a new hashing system that would change how the Solana network verifies and traces user accounts in a bid to fix scalability issues stemming from mass usage. In a Jan. 6 proposal titled SIMD-215, developers introduced a “lattice-based homomorphic hashing function” that alters the way the blockchain tracks user accounts. SIMD-215 introduces…
-
Solana 24-hour DEX volume beats Ethereum, Base combined
The Solana network has surpassed Ethereum and Base combined in 24-hour decentralized exchange (DEX) trading volume, according to data from DefiLlama. According to DefiLlama, daily trading volume across Solana-based DEXs neared $3.8 billion on Jan. 6, versus $1.7 billion for Ethereum and $1.2 billion for Base, Ethereum’s most popular layer-2 scaling network. The rising trading…
-
Bitcoin traders target $138K BTC price after Coinbase premium hits ‘breakeven point’
Bitcoin’s (BTC) price is up 8.5% in 2025, with the collective crypto market turning bullish ahead of President-elect Donald Trump’s inauguration on Jan. 20. Bitcoin 1-month chart. Source: Cointelegraph/TradingView With BTC breaking past $100,000 yet again, multiple analysts presented new all-time high targets for the largest crypto asset in the coming days. Could Bitcoin hit…
-
Solana 24-hour DEX volume beats Ethereum, Base combined
The Solana network has surpassed Ethereum and Base combined in 24-hour decentralized exchange (DEX) trading volume, according to data from DefiLlama. According to DefiLlama, daily trading volume across Solana-based DEXs neared $3.8 billion on Jan. 6, versus $1.7 billion for Ethereum and $1.2 billion for Base, Ethereum’s most popular layer-2 scaling network. The rising trading…
-
Crypto bull market entering final stage: CryptoQuant
The cryptocurrency market is now in the “later stages of the current bull cycle” and “caution is advised” for investors, according to data analytics provider CryptoQuant. The bull market, which began in January of 2023, is likely to reach its cyclical peak by the first quarter of 2025, or the second quarter at the latest,…
-
GSR secures UK FCA approval, expands regulated crypto services
GSR Markets UK, a subsidiary of the global cryptocurrency trading firm GSR, has received regulatory approval from the United Kingdom’s Financial Conduct Authority (FCA), allowing the company to operate as a licensed crypto asset business. According to a news release, the approval makes GSR the first crypto liquidity provider to achieve dual regulatory authorization from…