Brazilian bank suspends native crypto token trading following 97% price drop

Nubank suspends trading of its native token, offering users the option to convert holdings to Bitcoin or USDC by Dec. 9.

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Paxful co-founder Schaback faces 5 years jail, admits AML failure

Artur Schaback, one of the co-founders of crypto exchange Paxful, has agreed to a plea deal with U.S. prosecutors that could see him locked up for five years.

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HK police arrest 4, including teen, in HK$11M crypto fraud

The authorities continue to urge the public to remain cautious and verify the legitimacy of financial transactions to avoid falling victim to such elaborate scams.

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Warren Buffetts Retirement as Berkshire Hathaway CEO Expected by End of Year

Warren Buffett Set to Retire as Berkshire Hathaway CEO by Year-End Renowned investor and Berkshire Hathaway CEO Warren Buffett announced his plans to step down from his role by the end of the year. This news comes as a surprise to many, given Buffett’s long-standing leadership at the company. Buffett, often referred to as the [...]

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Vitaliks Mission: Simplifying Ethereum to rival Bitcoin in 5 years

Vitalik Buterin, the co-creator of Ethereum, has announced plans to simplify the Ethereum network by taking inspiration from Bitcoin’s design. Buterin aims to improve Ethereum’s scalability, security, and overall user experience through this redesign. The proposed changes include implementing a more streamlined architecture that will enhance the network’s efficiency and reduce congestion. Buterin also plans [...]

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Bitdeer sees over 40% drop in Q1 revenue compared to last year

The first-quarter revenue of Bitdeer has dropped by 40% compared to the previous year. The decline can be attributed to various factors affecting the cryptocurrency mining industry, such as market fluctuations and regulatory changes. Despite this decrease, Bitdeer remains committed to providing efficient and reliable mining services to its customers. Cryptocurrency mining is a complex [...]

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Two Major Fibonacci Levels Put XRP Price At $8.40 And $27

XRP’s price action in the past seven days has been nothing short of impressive. The cryptocurrency reached above $2.6 again in the past 24 hours, the first time doing so since early March, about two months ago. This movement has aligned with the uptrend projected by multiple analysts, who are referencing Fibonacci levels to chart XRPs future trajectory. Notably, a crypto analyst’s interesting outlook on social media platform X using Fibonacci levels suggests that XRP will reach $8.40 and $27 this cycle. Analyst Points To Fibonacci Targets At $8.40 and $27 XRP’s price structure in the current cycle has been significantly shaped by its breakout above a tightening wedge formation, which had compressed price action from 2021 through the early months of 2024. This formation, clearly visible on the monthly candlestick timeframe, served as a multi-year consolidation zone that capped upward momentum and defined a range-bound market.  Related Reading: XRP Price At $9 In September: Gann Angle Resistance Grid Predicts Surge The eventual breakout from this structure ended a prolonged bear market and began a fresh bullish phase. Although the past few months have been full of corrections and consolidations after XRP reached $3.31 in January, recent market momentum points to the next leg upward. A crypto analyst on social media platform X has pointed to two Fibonacci extension levels that could serve as the target zones during XRPs next impulsive wave up. According to the analysis, XRP reached both its 1.272 and 1.618 Fibonacci extension targets in the last cycle after breaking from a similar multi-year wedge accumulation structure in 2017. Interestingly, this move in 2017, leading up to the current price action, is part of the same Elliott wave count structure. As shown in the chart, XRP launched from a low of $0.00310 in 2017 to an all-time high of $3.40 in 2018 during its third wave (labeled (3)), hitting both Fibonacci extension levels of 1.272 and 1.618 before retracing in wave four.  According to the analyst, the current price action since 2020 constitutes the formation of the fifth impulse wave. Applying the same extension logic to the current structure from the 2020 low of $0.11379, a move to these Fibonacci extensions points to a target of $8.40 at 1.272 and $27.23 at the 1.618 extension. XRP To Reach $8.40 Or Even $27 This Market Cycle? Whether XRP can realistically surge to $8.40 or even $27 during this market cycle is yet to be seen. Although the 2017 to 2018 rally where XRP climbed over 1,000% in a matter of weeks offers a compelling case, market conditions today are more complex. The amount of inflows and trading volume needed to push the XRP price to such levels would be far greater than those witnessed before.  Related Reading: XRP Price Cross That Led To 20x Rally In 2017 Returns However, from a technical perspective, these Fibonacci targets can be reached when considering how similar price structures have behaved in the past. An example is the rally from $0.00310 to over $3.40 in 2017. One similar analysis from crypto analyst Ali Martinez suggests that the XRP price could reach $15 very soon. At the time of writing, XRP is trading at $2.50, up by 3.4% in the past 24 hours with an intraday high of $2.61. Featured image from Getty Images, chart from Tradingview.com

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Analyst Predicts Bitcoin Price Surge To $120,000 And Then A 50% Crash To $60,000, Heres When

The Bitcoin price is once again at the center of attention as it continues its upward climb in what appears to be the final phase of the current bull cycle. Riding on the back of macroeconomic optimism and institutional interest, Bitcoin is showing renewed strength, with technical analysis forecasting a final pump to a new ATH above $120,000. Once the flagship cryptocurrency completes this move, its price is forecasted to crash down to $60,000, signaling the onset of the bear market.  Bitcoin Price To Surpass $120,000 In 2025 Xanrox, a crypto analyst, has shared a new Bitcoin price prediction on TradingView, forecasting a bullish run to a new all-time high and a subsequent crash to major lows. Expanding on his optimistic projection, the crypto analyst has confirmed that Bitcoin is in the final stages of this bullish cycle, meaning that the cryptocurrency is gearing up for its most explosive price surge yet. Related Reading: The Big Short Coming For Bitcoin? Why BTC Will Clear $110,000 The analyst shared an Elliott Wave technical chart, indicating that Bitcoin is currently in Wave 3 of a five-wave pattern forming an ending diagonal. This structure typically marks the final stage of a bullish cycle, just before a major correction.  Xanrox predicts that Bitcoin will eventually enter two final wave stages (Wave 4 and 5) before reaching a cycle peak. According to his analysis, the ideal range for this bull run lies between $120,000 and $125,000. More precisely, he highlights a Fibonacci Extension target of 1.618 at $122,069 as the potential top of this bull cycle.  The TradingView analyst also notes that this Fibonacci target is the best price to sell and prepare for the bear market thats projected to follow. Notably, this price level aligns with a long-term trend line that stretches from Bitcoins 2017 peak to the 2021 top and the next forecasted 2025 ATH.  Strengthening the analysts conviction of a potential rally to $122,069, Bitcoins historical price behavior reveals a consistent relationship with the 50-week Simple Moving Average (SMA). The analysis highlights that the cryptocurrency has repeatedly bounced off or corrected to this moving average during key turning points in past cycles. This pattern adds further credibility to the bullish outlook.  Next Up: 50% Price Crash To $60,000 Despite Xanroxs optimistic price projection for 2025, the analyst warns of an impending Bitcoin market crash in 2026. Once the cryptocurrency completes its final bullish wave and tops out, the analyst anticipates a steep correction, potentially dragging the price down to $60,000. This projected 50% drop mirrors past cycle declines, particularly the sharp correction seen in the 2018 and 2022 bear markets.  Related Reading: Bitcoin Price To $150,000: BTC Is Mirroring Bullish Fractal From 2020 The analysts chart identifies this looming price crash as part of the natural end to Bitcoins 4-year cycle, emphasizing that buying at the projected peak of $122,069 could expose investors to significant downside risk. Instead, Xanrox recommends preparing for this bearish transition by exiting the market within the previously outlined sell zone and waiting for a re-entry opportunity during the expected 2026 dip. Featured image from Getty Images, chart from Tradingview.com

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Web3 Developer Community Experiences 40% Decrease in Active Members in Just One Year

According to recent data, there has been a significant decline in web3 developer activity, with a nearly 40% drop in just one year. This decline highlights a concerning trend in the development of decentralized applications and blockchain technology. Decreases in developer activity could have various implications for the future of web3. It may indicate a [...]

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10-Year Treasury Yield Drops to 4% as DXY Weakens: Should You Consider Buying the Bitcoin Price Dip?

The recent decrease in the 10-year Treasury yield to 4% has raised questions among investors about the right time to invest in Bitcoin as an alternative asset. The softening of the DXY, a measure of the dollar’s strength against other currencies, has added to the uncertainty in the market. With traditional safe-haven assets like Treasury [...]

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Polkadot Price Caught In A 5-Year Channel Can It Finally Break Free?

According to Çanur Cessur in a recent post on X, Polkadot (DOT) has been consistently trading within a clearly defined black channel on the monthly chart. This channel is formed by well-established horizontal support and resistance levels, which have been tested numerous times over the past 4 to 5 years.  The range, spanning from $4 on the lower end to around $12 at the top, has effectively boxed in DOTs price action, shaping a long-term sideways market structure. A clear move beyond this 5-year range, especially on strong volume, could mark the beginning of a new trend, either into price discovery or deeper support levels. Analysing Price Action Within The Channel Cessur emphasized in his recent analysis that the green channel shown on the Polkadot chart represents a downtrend that has been in place for nearly four years. This trend has consistently guided the broader market structure, acting as a long-term resistance. However, he noted that if DOT manages to break above this channel, it could set the stage for a major trend reversal to new highs in the months ahead. Related Reading: Polkadot Rebounds Slowly As Oversold Conditions Ignite Bullish Hopes He also drew attention to DOT’s short-term outlook, where a red falling channel on the weekly timeframe has just been breached to the upside. According to Cessur, this development is a sign of potential bullish continuation, positioning DOT as one of the altcoins to start an increase.  The analyst concluded that if the asset continues to follow the multi-year pattern of ranging from $4 to $12, another climb toward the top of this range seems likely. Most importantly, if the weekly candle closes above $4.70, he noted that the chances of seeing a swift move toward $10 could increase significantly, supported by growing bullish momentum and historical price behavior. Bear Case: Losing $4 Might Send Polkadot To All-Time Lows The bear case for Polkadot revolves around the critical $4 support level, which has been pivotal in maintaining the altcoins price structure. If DOT loses the $4 mark, it might signal a deeper bearish move. This would invalidate recent bullish hopes and raise the potential for further declines as market sentiment shifts to a more risk-averse stance. Related Reading: Polkadot (DOT) Must Retest Crucial Support To Sustain Uptrend Details Such a drop would suggest that the upward momentum observed in recent months could be a false rally, with DOTs price unable to maintain its position above key support levels. Its failure to hold above $4 may prompt heightened selling pressure, especially when broader market conditions worsen or there’s a loss of confidence in Polkadots long-term prospects. Additionally, a move below this critical support would raise the probability of a retest of all-time lows, which would be a significant bearish development for the token. In this scenario, patience and strategic re-entry points would become key factors for short and long-term holders. Featured image from Adobe Stock, chart from Tradingview.com

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Qubetics, Bittensor (TAO), and Tron in 2025: Which Crypto Stands Out in the Best Crypto Presale Race?

Explore how Qubetics, Bittensor (TAO), and Tron are reshaping the blockchain scene in 2025. Learn why these are the best crypto presale picks now.

The post Qubetics, Bittensor (TAO), and Tron in 2025: Which Crypto Stands Out in the Best Crypto Presale Race? appeared first on Kanalcoin.

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Solana Big Fish Rakes in $153 Million in Profits from 4-Year Staking Strategy

The Solana network recently witnessed a significant profit when a whale made $153 million from staking over a period of four years. This impressive feat highlights the potential for substantial returns through staking on the Solana platform. Staking has become a popular method for cryptocurrency holders to earn passive income by participating in network validation [...]

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Discover the Best ETF Strategy of the Year: Shorting Ether according to Bloomberg Intelligence

The latest trend in ETF strategies for this year seems to be focused on shorting Ether, according to a report by Bloomberg Intelligence. Shorting Ether involves betting on the cryptocurrency’s price to decrease, allowing investors to profit from the decline. This strategy has gained popularity among traders looking to capitalize on the volatility of the [...]

The post Discover the Best ETF Strategy of the Year: Shorting Ether according to Bloomberg Intelligence appeared first on Crypto Breaking News.

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NFT Trader Takes Huge Loss Selling CryptoPunk After a Year for Almost $10 Million

An individual who holds a significant amount of cryptocurrency, commonly referred to as a “whale,” recently sold a CryptoPunk NFT for $6 million at a loss of $9.7 million from the original purchase a year ago. This event highlights the volatile nature of the cryptocurrency market, where prices can fluctuate dramatically in a short period. [...]

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Bitcoin Price Poised for Bull Run as US Bonds Face Biggest Selloff in Years

Bitcoin’s price is on the verge of entering a bullish trend as US bonds experience their most significant selloff since 2019. This development signals a potential shift in investor sentiment towards the cryptocurrency market. The recent surge in Bitcoin’s price can be attributed to several factors, including growing institutional interest, increasing adoption by mainstream companies, [...]

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Bitcoin Stabilizes at $82K as US Dollar Plummets to 3-Year Low with Sharp Drop in PPI Inflation

Bitcoin continues to maintain its value, currently hovering around $82,000, as the US Dollar weakens to a three-year low. At the same time, Producer Price Index (PPI) inflation experiences a significant decrease. The cryptocurrency market is experiencing stability as Bitcoin stands firm at $82k, showing resilience against the weakening US Dollar. This trend has caught [...]

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Synthetix USD stablecoin plummets to 5-year low of $0.83, breaking dollar peg

As the Synthetix stablecoin peg dropped to 83 cents, concerns arose among investors in the cryptocurrency market. This sudden depegging of the stablecoin has raised uncertainties about its ability to maintain a consistent value against the US dollar. The Synthetix stablecoin, which is designed to mirror the value of the US dollar, has experienced a [...]

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Stanible Mid-Year 2023: Highlights and Outlook

Learn the key developments, challenges of Stanible in the first half of 2023, as well as their future plans in this exclusive mid-year review.

The post Stanible Mid-Year 2023: Highlights and Outlook appeared first on BitPinas.

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Revived: Darknet Marketplace Wallet Holds $400M in Bitcoin After 9 Years

The recent discovery of a dormant wallet containing a staggering 400 million bitcoins has sent shockwaves through the darknet marketplace community. This wallet, inactive for nearly a decade, has suddenly come to life, sparking intense speculation and curiosity among crypto enthusiasts. The resurgence of this significant amount of bitcoins has raised questions about its origin [...]

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