Author: Max Bauer

A recently released audio clip has reignited speculation about Elon Musk’s cryptocurrency holdings, with the tech mogul confirming he still owns a substantial amount of Dogecoin. In the same clip, Musk revealed that SpaceX, his privately held space exploration company, possesses a significant quantity of Bitcoin. The exact amount remains undisclosed. This revelation comes on the heels of former President Donald Trump’s announcement of the Department of Government Efficiency (DOGE), an initiative aimed at streamlining federal operations and cutting costs. Trump has appointed Musk and entrepreneur Vivek Ramaswamy to lead the effort, tasking them with identifying areas for improvement and…

Prediction markets, which gained prominence for their accuracy during the recent presidential election, are now offering insights into the future price of Bitcoin. With the cryptocurrency surging following Donald Trump’s victory, these platforms provide a glimpse into where investors believe Bitcoin might be headed. On Polymarket, a crypto-based prediction market, bets on Bitcoin’s November price point to a 72% probability of reaching $95,000. Other possibilities include $105,000 (23% probability) and $110,000 (14% probability). A separate contract on Polymarket gives Bitcoin a 60% chance of staying above $90,000 on November 22nd, while the odds of reaching $100,000 in November stand at…

As President-elect Donald Trump continues to shape his cabinet, a public debate has erupted over the crucial position of Treasury Secretary, fueled by billionaire Elon Musk’s call for greater transparency and public input. Musk, tapped by Trump to co-lead a government efficiency commission, took to X, the social media platform he owns, to endorse Cantor Fitzgerald CEO and Trump transition team co-chair Howard Lutnick. He contrasted Lutnick with hedge fund manager Scott Bessent, characterizing Bessent as a “business-as-usual choice” while praising Lutnick’s potential to “enact change.” “Business-as-usual is driving America bankrupt, so we need change,” Musk stated, arguing for a…

According to cryptocurrency analysis firm Alphractal, the cryptocurrency market is poised for a period of significant volatility as altcoins increasingly diverge from Bitcoin’s price movements. Alphractal’s Correlation Heatmap, which tracks the relationship between Bitcoin and various altcoins, reveals a weakening correlation, suggesting independent price action in the altcoin market. Historically, such negative correlation has often preceded periods of heightened volatility. While Bitcoin recently rallied, traders appear to be shifting their focus to altcoin long positions, as indicated by a rising Long/Short Ratio for altcoins on exchanges. This metric, however, suggests a potential for increased selling pressure from market makers seeking…

The Twitter account for Giggle Academy, a philanthropic educational project spearheaded by Binance founder Changpeng Zhao (CZ), fell victim to a hacking incident. The compromised account posted messages promoting rewards through a Play-to-Earn (P2E) model, contradicting CZ’s previous explicit statement that the project would not issue its own tokens. CZ confirmed the hack via his personal Twitter account, stating, “Woke up to ‘Giggle Academy X account hacked.’ Working on restoring it. Always use common sense when reading content from anywhere.” Giggle Academy, recently announced by Zhao, aims to provide education for grades one through twelve using innovative techniques, particularly targeting…

Ripple CEO Brad Garlinghouse appeared on Fox Business in an exclusive interview, attributing the recent surge in XRP’s value to the election of Donald Trump. Garlinghouse suggested a connection between the cryptocurrency’s 70% climb since election night and the perceived pro-crypto stance of the incoming administration. Garlinghouse declared Trump a “crypto president,” praising his openness to the industry and contrasting it with the previous “attack” and “war” on crypto under the prior administration. He credited the shift in regulatory expectations for an $800 billion market cap increase, highlighting the strong performance of U.S.-based crypto companies since the election. When questioned…

The Securities and Exchange Commission (SEC) has approved the listing and trading of shares of the 7RCC Spot Bitcoin and Carbon Credit Futures ETF on the NYSE Arca exchange. This decision, announced today, follows a lengthy review process that began with NYSE Arca’s initial filing on March 13, 2024. The SEC’s approval, granted on an accelerated basis, comes after multiple amendments to the initial proposal. NYSE Arca filed Amendment No. 4 on October 24, 2024, which replaced the preceding amended proposals in their entirety. The SEC is soliciting public comment on this final amendment while simultaneously granting its approval. The…

Bitcoin has entered a crucial “anxiety region” as it approaches the $93,500 mark, according to analysts at cryptocurrency research firm Alphractal. The firm’s proprietary “STH & LTH Sentiment Price Bands” indicator, which tracks the combined profitability and loss of short-term holders (STH) and long-term holders (LTH), suggests that Bitcoin’s price is currently testing a historically significant resistance zone. Alphractal explains that previous Bitcoin bull cycles in 2013, 2017, and 2020 witnessed breakouts from this “anxiety band,” leading to substantial price surges. If Bitcoin follows a similar pattern, the firm anticipates a move towards higher price bands. Based on the 2021…

The Dubai Financial Services Authority (DFSA) has officially recognized ZetaChain (ZETA), adding it to its list of approved crypto tokens. This recognition follows previous approvals for Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Toncoin (TON), and XRP, signaling a growing acceptance of cryptocurrencies within Dubai’s financial ecosystem. This move is expected to facilitate greater adoption of these digital assets among financial institutions operating within the Dubai International Financial Centre (DIFC). The DFSA announced the recognition in an official notice, stating that ZetaChain (ZETA) has been recognized in accordance with GEN Rule 3A.3.4 of the DFSA Rulebook. The recognition is effective immediately…

Bitcoin’s retail investor activity has reached a 52-month peak, signaling a resurgence of interest in the cryptocurrency market, according to data from CryptoQuant. This renewed enthusiasm is driven by a combination of factors, including surging altcoin markets, increased mainstream attention, and the recent all-time high price achieved by Bitcoin earlier this week. CryptoQuant analyst J.A. Maartunn noted the clear signs of retail traders’ return, citing the surge in Dogecoin, high funding rates, and a spike in Google searches for “Bitcoin.” “It’s impossible to ignore that retail trading is fully back,” Maartunn stated. This observation is supported by CryptoQuant’s 30-day moving…