Author: WebDesk

The U.S. Commodity Futures Trading Commission (CFTC) is set to reopen discussions on its oversight of prediction markets. In a move aimed at modernizing its regulatory approach, the commission is planning a public dialogue to assess how these markets should be governed going forward. Acting Chairman Caroline Pham, appointed by President Donald Trump, is at the forefront of this initiative, which comes amid ongoing legal and regulatory challenges that prediction markets have faced in recent years. Prediction markets are platforms where individuals place wagers on the outcomes of future events such as elections or sports competitions. Over time, these markets…

Join Our Telegram channel to stay up to date on breaking news coverage Best Wallet is attracting a lot of attention from crypto investors, which has helped it cross $9 million in its presale—and it’s easy to see why. Its simple design, advanced features, and high staking rewards make many believe Best Wallet (BEST) could shape the future of crypto trading. This strong presale is pushing investors to buy the utility token before it gets listed and its price possibly goes up. Best Wallet (BEST) Presale Surpasses $9M – Best Crypto Wallet? Best Wallet (BEST) has surpassed $9 million in…

Bitcoin blockchain network activity has hit its lowest point in a year as the Network Activity Index dropped by 15% since November to 3,760, which is the weakest level since February 2024. The pattern is similar to July 2021, when on-chain activity plunged significantly after China’s mining ban.  The Network Activity Index reflects combined data of active addresses, transactions, block size, fees, and others to determine network usage.  Bitcoin network activity hit a one-year low. The Network Activity Index is down 15% since November, now at 3,760—its lowest since Feb 2024. Last time it fell this far below its 365-day…

Este artículo también está disponible en español. Ethereum’s price action in the past seven days has led to the creation of a capitulation candle that might send it on another surge within the next eight to twelve weeks. This capitulation candle caught the attention of crypto analyst Ted Pillows, who noted an interesting repeating capitulation pattern for Ethereum.  According to technical analysis by Ted Pillows, Ethereum has printed a capitulation candle in early 2025, just as it did in the first quarter of 2024 and the third quarter of 2023. Capitulation Candles And Ethereum Historical Patterns TedPillows’ analysis highlights that…

As we continue to wait patiently for the bull market to resume, the market has been in a sideways trend for the last two months. Bitcoin remains in a holding pattern, while altcoins are slowly bleeding down. With Trump’s tariffs keeping investors on edge, the crypto world still continues to evolve with new developments, including a significant PENGU burn. Let’s dive into the latest news. 1) PENGU Burn: Price Dips After $150 Million Solana Token Burn In a surprising move, Pudgy Penguins decided to expedite the burn of their PENGU tokens on Solana. The project originally planned to allow claims…

Berachain’s (BERA) mainnet launch has made headlines – with BERA defying early expectations after hitting the open market. But while all eyes are on BERA’s breakout, another project is gaining traction under the radar: Solaxy (SOLX). This new Layer-2 solution for Solana has raised over $18.5 million in its ICO. Berachain Launches Mainnet as Proof-of-Liquidity […] Credit: Source link

In a latest development, Bitcoin (BTC) ended a three-day decline after U.S. job growth for January fell short of expectations. Notably, the cryptocurrency rose above $100,000 for the first time since Feb. 4, following a report from the Bureau of Labor Statistics showing the economy added 143,000 jobs in January, below the forecast of 170,000 and down from 256,000 in December.Unemployment Rate Drops to 4%, Wage Growth Surpasses ExpectationsThe unemployment rate fell to 4%, better than the expected 4.1%, and matched December’s rate. Additionally, average hourly earnings increased by 0.5%, exceeding the expected 0.3%.Grayscale’s Head of Research Zach Pandl noted…

The OG meme cryptocurrency Dogecoin (DOGE) has emerged as one of the most popular assets this year. From garnering endorsements from the world’s richest man to climbing up the cryptocurrency ladder, DOGE has seen it all. Despite all the adoration that the meme coin gets, the asset has failed to reach the $1 mark. This, however, did not stop investors from becoming millionaires.Also Read: Citi Predicts Gold Prices Could Hit $3,000 in 3 MonthsAnalyzing Dogecoin’s Current MarketSource: BitpandaDogecoin entered the market as a mere meme. But its price growth was no joke. The asset has grown by 44982.41% since its…

Dubai, United Arab Emirates, February 7th, 2025, Chainwire Bybit, the world’s second-largest cryptocurrency exchange by trading volume, released the latest weekly crypto derivatives report in collaboration with Block Scholes, providing a retrospective of the past week’s panic sell-off and analysis of options price movements. The broad retreat mirrored equities markets, leaving an estimated $10 billion-sized hole in open interest after a high-flying Friday in the 24/7 crypto markets. BTC stood out in the bloodbath as the only mainstream token maintaining positive funding rates. Meanwhile, ETH endured heightened turbulence, with sustained options market inversion suggesting continued downward pressure ahead. Key Insights:…

Join Our Telegram channel to stay up to date on breaking news coverage Michael Winkelmann, a non-fungible token digital artist known professionally as “Beeple,” has found himself on the edge of a copyright lawsuit after using someone else Bored Ape Yacht Club non-fungible token without permission. Last year,  the NFT artist risked another lawsuit after illicitly tweeting about Chill Guy, a controversial meme coin anonymously created on the Solana blockchain network. Beeple Tweets About Bored Ape NFT #8636 In a February 7 blog post, Beeple, through his daily artwork challenge, published a hideous image featuring Pauly and Diddy, the United…