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Ethereum is testing a critical juncture as the golden pocket between $2,600 and $2,800 comes into play. With resistance looming at $2,800, the market now faces a pivotal moment. Can ETH reclaim this level and spark a move toward $3,000, or will sellers push it back below key support? Golden Pocket Breakdown Validates Ethereum’s Downside Target In an Ethereum update, analyst Luca has offered a detailed analysis of the leading altcoin, reflecting on the expert’s previous predictions. As he covered all his PAT updates and his latest YouTube video, once Ethereum broke down below the high-timeframe support range, specifically the…

While denying any wrongdoing, Maple said that it plans to pursue available remedies aggressively to ensure Core is held responsible. Core Foundation has issued a detailed statement commenting on its dispute with Maple Finance after the Grand Court of the Cayman Islands granted an injunction against Maple over alleged breaches of commercial agreements related to the development of lstBTC, a Core-powered liquid-staked Bitcoin token. The injunction was granted after the Court found a “serious issue to be tried” regarding Maple’s alleged misuse of Core Foundation’s confidential information and breach of a 24-month exclusivity clause. Under the order, Maple is prohibited…

Kalshi built $1.2B in weekly volume with US users alone. Polymarket built $952M with everyone else, per Defi Rate analytics.Kalshi has raised $1 billion in new funding at an $11 billion valuation, per TechCrunch. The round, led by returning investors Sequoia and CapitalG, comes less than two months after the prediction market operator closed a $300 million round at a $5 billion valuation.The fundraise arrives alongside a notable data point: Kalshi now generates more weekly trading volume than Polymarket, despite having built its user base almost entirely with American traders.Geographic context mattersPolymarket was barred from serving US residents from 2022…

Crypto exchange Coinbase initiated a large fund migration on Saturday, moving tokens to new internal wallets in a scheduled, routine security procedure to reduce long-term exposure of keeping funds in the same wallet addresses, which are publicly known.The migration is not due to any cybersecurity breaches or external threats, according to an announcement from the company. Coinbase said: “Migrating wallets periodically is a well-accepted best practice that minimizes long-term exposure of funds. This is a planned migration and unrelated to industry changes or price conditions. This is not in response to a data breach incident or external threat.”  Source: CoinbaseThis means…

PANews reported on November 22nd that, according to CoinDesk, Michael Rubin, CEO of sporting goods retailer Fanatics, stated in an interview that the company is entering the prediction market business through a partnership with crypto platform Crypto.com. Rubin added that the new platform is expected to launch “in the coming weeks,” but he did not disclose further details regarding the product’s specific form or operational method.

In brief Michael Saylor addressed the prospect of Strategy’s removal from stock indices. He said the company isn’t something that purely resembles an investment fund. JPMorgan highlighted MSCI’s consultation of crypto-buying firms in a report. Strategy co-founder and Executive Chairman Michael Saylor downplayed concerns on Friday that the company could be excluded from certain equity indices next year, highlighting aspects of the firm’s business model, as its shares wavered close to a 13-month low.On X, Saylor contrasted Strategy’s business model against investment funds, following a report from JPMorgan that highlighted how crypto-buying firms with similar qualities could be removed in…

Cryptocurrency markets continued their decline for a fourth consecutive week this week, raising concerns over the status of the bull market cycle.Investor concerns grew on Thursday after a 10X Research report revealed that BitMine Immersion Technologies, the world’s largest corporate Ether (ETH) holder, is sitting on a cumulative unrealized loss of $3.7 billion on its total holdings.Most digital asset treasuries (DATs) have suffered declines in their net asset value (NAV), making it difficult to raise funds for new investments or to attract new retail investors, leaving existing shareholders “trapped” with growing paper losses, according to 10x Research founder Markus ThieleDATs…

Bitcoin ETFs suffered their second-largest outflow in history, while ether funds extended their losing streak to eight days. Solana ETFs once again delivered strong inflows, providing the day’s lone bright spot. Solana Stays Green as Massive Bitcoin Outflows Hit Market Some days test the conviction of even the most resilient investors, and Thursday, Nov. 20, […]

Outstanding debt has fallen by around 45% to $80 million from $150 million in March 2024.The NFT lending market has collapsed to single-digit millions in total value locked (TVL), plunging to levels last seen in 2022. Data from DefiLlama shows the sector’s TVL at roughly $8.3 million today, down roughly 97% from the sector’s all-time high of more than $300 million in March 2024.NFT Lending TVL. Source: DefiLlamaArcade, a Pantera Capital‑backed NFT lending startup that secured $15 million in Series A in December 2021, now shows only about $300,000 in TVL, down more than 98% from its peak of $21.5 million in…

Global index providers sort companies into sectors and categories. Saylor argues that these labels miss what makes MicroStrategy unique. He says the company is not a fund or a passive Bitcoin holder. Instead, it is an operating software firm that uses Bitcoin in an active way. This is through structured financial products. His comments come at a time when investor interest in Bitcoin-powered credit instruments is growing. This trend spans both traditional markets and the wider digital asset industry. A Company Built Around Software and Bitcoin Credit MicroStrategy still runs a software business that generates hundreds of millions of dollars…