Author: Coin Telegraph

Donald Trump’s victory in the United States presidential election catalyzed a wave of investor appetite for risk-on assets like cryptocurrencies, setting up Ether for a short-term breakout above $3,200, according to market analysts.The Republican victory is also sparking more optimism for clearer crypto regulations in the next four years, inspiring crypto thought leaders such as Coinbase’s chief legal officer, Paul Grewal, to urge the US Securities and Exchange Commission (SEC) to improve its stance on the crypto industry for Trump’s second term.Ether set for $3,200 breakout as ETH ETF inflows turn positiveAnalysts are eying an Ether rally above $3,200, driven…

Two former executives at major American investment management firms, Millennium Management and Pacific Investment Management Company (Pimco), are reentering the crypto space amid a major market rally.Millennium’s ex-portfolio manager Benoit Bosc and Pimco’s former executive vice president Michael Bressler left their posts to set up a new crypto consultancy firm, x2B, Bloomberg reported on Nov. 11.Expected to launch in November 2024, x2B will advise crypto projects on sectors like fundraising, tokenomics and market-maker strategy, exchange listing and treasury management.X2B co-founders left GSR following a bear market in crypto 2022Before their roles at Millennium and Pimco, both Bosc and Bressler spent…

Solana’s native token, SOL (SOL), surged by 35% between Oct. 5 and Oct. 11, reaching its highest level since December 2021 at $222. This movement has led traders to speculate whether the all-time high of $260 is within reach, especially after Bitcoin (BTC) crossed  $84,500, driven by steady institutional inflows and anticipated regulatory clarity in the United States.SOL has outperformed the broader altcoin market, which saw a 33% increase over the same six-day period ending Oct. 11. Investors’ optimism regarding SOL is partly fueled by the expansion in Solana’s smart contract activity, as evidenced by the total value locked (TVL).Solana…

Ether (ETH) is currently exhibiting its most significant weekly gains since May 2024. While BTC’s momentum has stalled over the past 24 hours, ETH’s price reached a quarterly high of $2,956, and the renewed price action triggered a 6% uptick for the ETH/BTC chart. With Ethereum briefly leading Bitcoin (BTC) for the first time in months, the altcoin-BTC pair has caught the market’s attention for a potential trend reversal. Ethereum breaks above a 161-day bearish trendA pivotal daily breakout on the Ether daily chart is one key reason for the revived interest in the ETH/BTC trend. Ethereum 1-day chart. Source:…

BlueNoroff, the notorious North Korean hacking group behind a series of phishing and cybersecurity attacks since 2019, is now targeting cryptocurrency firms with a new malware designed specifically to infiltrate Apple’s macOS.According to a report from SentinelLabs, the malware operation nicknamed “Hidden Risk” is spread through PDF files in multiple stages. The threat actors use fake news headlines and legitimate crypto market research to lure in unsuspecting individuals and companies.Once the user downloads the PDF file, a seemingly legitimate decoy PDF is downloaded and opened, while the malware downloads as a separate file on the macOS desktop in the background.This…

Bitcoin surpassed the record $85,000 mark for the first time in history, potentially setting the stage for a six-figure price tag before 2025.Bitcoin’s (BTC) price breached a new all-time high of $85,000 at 18:41 pm in UTC, Cointelegraph data shows.BTC/USD, 1-week chart. Source: CointelegraphThe new all-time high comes a week after former President Donald Trump won the 2024 elections in the United States, securing his second term in office.The new $85,000 record high puts Bitcoin’s price just 17.6% away from reaching the psychological $100,000 mark, which could occur before the end of 2024.Related: Top Polymarket whale profits $20M from Trump…

United States regulators are reviewing a request to list the first options tied to spot Ether (ETH) exchange-traded funds (ETFs) on NYSE American’s securities exchange, according to a Nov. 8 filing.If approved, NYSE would be authorized to list options on Bitwise Ethereum ETF (ETHW), Grayscale Ethereum Trust (ETHE), Grayscale Ethereum Mini Trust (ETH), and “any trust that holds Ether,” the filing said.The SEC’s decision is the latest sign the agency may be softening its stance on cryptocurrency products, particularly after crypto-friendly Donald Trump’s Nov. 5 presidential election win.Source: SECRelated: Investment managers eye ‘extraordinary upside’ from BTC options debutIn September and October,…

Ether (ETH) recorded its largest three-day return of 2024, with a 21% spike after President-elect Donald Trump was announced as winner of the US presidential election. The rally also took the altcoin above its overhead resistance of $2,800, breaking a trend bottom consolidation range that lasted 96 days. Ethereum 3-day chart. Source: TradingViewWith the crypto community anticipating a new bullish leg, Ether has flashed a strong buy signal based on a historical setup from 2023. Ethereum reflects bullish setup from 2023In 2023, Ethereum witnessed a downtrend between Q2 and Q4, followed by an accumulation range (green box in the chart)…

The crypto exchange is one of the big winners from the United States elections on Nov. 5. 212 Total views 1 Total shares News COINTELEGRAPH IN YOUR SOCIAL FEEDShares of cryptocurrency exchange Coinbase Inc. (COIN) surged more than 20% on Nov. 11, pushing the stock past $300 for the first time since 2021.United States crypto stocks are seeing massive gains after Donald Trump’s victory in the presidential election, as many believe his win will benefit the industry, Cointelegraph Research said.“We see Coinbase as a beneficiary of the election results as the firm has been struggling with regulatory pressure from the SEC, with…

Binance Labs, the cryptocurrency exchange’s venture capital arm, has made its first investment in decentralized science (DeSci) with an investment in BIO Protocol, an accelerator that seeks to transform the financing and commercialization of health sciences.Diversifying the Binance venture portfolioBIO Protocol supports a network of Biotech Decentralized Autonomous Organizations (BioDAOs) that create communities to fund, develop and co-own new drugs and therapeutics. The BioDAOs address gaps in traditional funding in areas such as rare diseases, longevity research, and emerging health challenges, according to Binance Labs.Binance Labs’ investment, which was not disclosed, will expand the network by providing seed funding for…