Author: admin

In a surprising move, Reddit announced a significant sale of its Bitcoin and Ethereum holdings in the third quarter of 2024, saying in an SEC filing that the financial impact would be minimal. This significant crypto withdrawal comes as Reddit reconsiders the Treasury Department’s approach amid a challenging economic environment. Reddit sells most of its crypto holdings in Q3 Social media network Reddit liquidated most of its crypto assets in the third quarter of 2024, according to a recent filing with the Securities and Exchange Commission (SEC). Government-owned Bitcoin and Ether were the main sources…

Ethereum founder Vitalik Buterin has just ceded the top cryptocurrency spot to Dogecoin, the world’s first and largest meme-based cryptocurrency. Buterin said Dogecoin deserves to be ranked right behind Bitcoin (BTC), highlighting the meme coin’s importance and unique cultural impact in the crypto space. Buterin ranks Dogecoin among the top two cryptocurrencies Teslan, a member of the X (formerly Twitter) cryptocurrency community, recently released a video featuring Buterin in an exclusive interview. During the interview, the Ethereum founder surprisingly endorsed Dogecoin, declaring that it deserves to be ranked second as the most prominent cryptocurrency after Bitcoin. This unexpected support caught…

Cryptocurrency market frenzy paused on Tuesday as Bitcoin remained range-bound below all-time highs. Cryptocurrency Rise +/- Price (Recorded at 8:45 PM EDT)Bitcoin BTC/USD-0.27%$72,106.26Ethereum ETH/USD +1.32%$2,656.70 Dogecoin DOGE/USD -3.54%$0.1683 What happened: The world’s largest cryptocurrency nearly hit a new all-time high on Monday before traders started taking profits. On Tuesday, Bitcoin was stuck in the $72,000 area, hitting an intraday high of $72,905 in the early evening. Ethereum briefly topped $2,700 early in the morning before reversing tack. Total crypto liquidations in the past 24 hours exceeded $100 million, with $62 million in leveraged bullish bets wiped out. Bitcoin open interest…

As the price of SOL, the native token of smart contract platform Solana, continues to rise, various cryptocurrency whales have started accumulating it, with whales adding over 200,000 SOL, worth about $35 million, to their wallets . According to data shared by on-chain analytics service Lookonchain, three crypto whales added more than $35 million worth of SOL to their wallets in the past few days. One whale withdrew 153,511 SOL from leading crypto exchange Binance before staking the funds, and the other whale withdrew 35,498 SOL from Binance and Kraken before staking. The third whale identified by the service withdrew…

The huge transfer of 1.74 billion DOGE to Robinhood signals possible selling pressure and could impact Dogecoin’s price. Despite the potential selling pressure, analysts remain bullish on DOGE, which has seen a historic rally in November, with Bitcoin’s rally buoying sentiment. Following a recent 72% spike in new DOGE addresses, CNF highlighted growing interest in Dogecoin and increased network activity. With billions of DOGE coins currently being transferred to the Robinhood exchange, Dogecoin price could face pressure following large whale movements. Transfer of 1.74 billion DOGE may be a sign of a sale Dogecoin’s price is likely to fall after…

Don’t be fooled by after-hours stock price movements. Meta Platforms had a very strong third quarter, with revenue guidance for the quarter also exceeding expectations. Revenue for the three months ended Sept. 30 rose nearly 19% from a year earlier to $40.59 billion, beating expectations of $40.29 billion, according to analyst estimates compiled by LSEG. . Third-quarter earnings per share rose more than 37% to $6.03, beating LSEG’s consensus EPS estimate of $4.25. Meta Year-to-date Mountain Meta Platform Year-to-date Meta stock price fell 3% following the release and commentary. Investors sold on lower-than-expected daily active user numbers in the quarter…

Yesterday, Bitcoin soared above $73,000, near a new all-time high, and sparked a wave of optimism and euphoria across the market. This significant price movement increased expectations for BTC to move into price discovery and new uncharted territory. Key data from CryptoQuant reveals that institutional demand for Bitcoin is on the rise, with significant inflows into custodial wallets. This rally shows that institutional investors are increasingly accumulating BTC, reinforcing the strong demand supporting the ongoing rally. This increase in institutional investor activity could be crucial in pushing Bitcoin to new all-time highs. Many analysts believe that institutional demand is missing…

Amazon (NASDAQ:AMZN) is nearing the time to report its Q3 ’24 earnings, with the e-commerce giant releasing its latest financial statements once the market settles down on Thursday (October 31). It’s planned. After a mixed second quarter that saw Amazon’s stock fall, investors are now focused on whether the company can deliver more favorable results this time around. The results are still pending, but at least one prominent market player seems optimistic as the announcement approaches. Ark Invest CEO Cathie Wood was busy loading up on AMZN stock in October, purchasing 238,892 shares through the ARKK, ARKQ, and ARKW ETFs.…

Dogecoin (DOGE), once the leader of the meme coin boom, has recently faced challenges in maintaining its upward momentum. Despite its wide popularity and viral appeal, Dogecoin (DOGE) has struggled to generate consistent returns for investors. As a result, many Dogecoin (DOGE) holders are starting to look elsewhere for better opportunities, and one of the tokens that has caught their attention is Mpeppe (MPEPE). MPEPE: Gaining traction rapidly Mpeppe (MPEPE) offers a unique blend of decentralized finance (De-Fi) and meme culture and is rapidly gaining traction in the crypto market. Priced at $0.0021, Mpeppe (MPEPE) is attracting interest from former…

Ethereum’s price has risen over the past week amid growing excitement over a possible bull market. However, experts are divided on which coin has the best potential: investing in established projects or new pre-sale tokens. Amid the controversy, investors are moving to Propichain (PCHAIN) ahead of an 800% increase in pre-sale tokens. Ethereum price fluctuation: path to $3000? Ethereum price is showing bullish signs as many of the top coins in the market are reacting positively to Bitcoin’s recent rally. DeFi activity on Ethereum (ETH) has increased recently as the network continues to benefit from the recent Dencun upgrade. However,…