Bitcoin ‘Grossly Undervalued’ at Current Prices, Traders Say Ahead of CPI, Trump-Harris Debate Week

btcundervalued

Bitcoin remained stable over the weekend, trading between $54,000 and $55,000, following a significant liquidation of crypto long positions after a U.S. jobs report indicated a weaker labor market. Upcoming events this week include a Presidential debate and the release of U.S. economic indicators like the CPI and PPI, with market analysts from Presto Research […]

Bitcoin Could Hit $90K by Year End if Trump Becomes President Again: Bernstein

bitcoin90k

If Trump wins the U.S. election in November, bitcoin is expected to hit new highs, the report said. Bernstein said a Harris election win could see the crypto fall to as low as $30,000. Positive crypto regulatory policy could spur innovation and increase adoption, the report said. Bitcoin (BTC) is expected to reach new highs […]

Ripple eyes $2 with new legal developments; RCO Finance is set to accelerate

Ripple-eyes

Ripple nears $2 as legal news boosts investor confidence. Meanwhile, RCO Finance may surpass XRP with AI-driven gains. Ripple (XRP) is on the verge of ultra-bullish price action, with legal developments suggesting the token could hit $2 soon. As the SEC case unfolds, investor confidence grows. However, RCO Finance (RCOF) may outpace XRP’s gains. With […]

CFTC Pleads With Judge to Block Kalshi Election Contracts for 14 Days

Block Kalshi Election

The agency says it can’t make “an informed decision” about whether to appeal the judge’s decision in Kalshi’s favor until it knows her as-yet-unpublished rationale. Hours after losing a long-running court case filed by U.S. prediction market platform Kalshi, regulators are making a hail Mary pass. Late Friday, the Commodity Futures Trading Commission filed an […]

Crypto VC funding: Balance brings in $30m, Hypernative collects $16m

Crypto VC funding

Venture capitalists are raising a ton more money for crypto-related funds this year compared to last year’s dismal downturn. According to the latest report from PitchBook, published on Sept. 5, the median fund size is up 65.1% to $41.3 million in 2024. Nowadays, it’s common for crypto-savvy investors to put together midsized crypto VC funds […]

Trump crypto venture peeves allies: ‘Huge mistake… the juiciest DeFi target ever’

Trump crypto

The latest Trump family business venture — originally pitched as a DeFi platform dubbed “The Defiant Ones,” but has since been rebranded as World Liberty Financial — is fraught with controversy just days after it was unveiled. While Trump’s eldest sons, Eric Trump and Donald Trump Jr., are “ambassadors” of World Liberty Financial, CoinDesk reports […]

VanEck to close Ethereum futures ETF by late September

VanEck to close Ethereum futures ETF

VanEck announced today its decision to close and liquidate its Ethereum Strategy ETF, which is listed on the CBOE. The Ethereum Ethereum (eth)-6.12% Ethereum ETF fund (ticker symbol ‘EFUT’) will cease trading after the market closes on Sept. 16, according to a VanEck press release, with liquidation expected around Sept. 23. Shareholders who still hold […]

Bitcoin Pumps, Then Dumps Below $54K as Jobs Report Spurs Crypto Volatility

bitcoin dump

The price swing liquidated nearly $50 million of leveraged derivatives positions across all cryptocurrencies in one hour, CoinGlass data shows. The broad-market pinetbox 20 index was down 3% over the past 24 hours, with BTC, ETH, XRP, ADA posting declines of as much as 4% Fed governor Waller said he will advocate for “front-loading rate […]

Telegram Revamps Rules to Allow Moderation of Private Chats Following CEO Pavel Durov’s Arrest

telegrampi

The decision comes after the CEO’s arrest in France for allegedly failing to police illegal content. Telegram is radically altering its stance towards “illegal” use of its messaging days after CEO Pavel Durov was arrested in France for allegedly failing to police law-breaking content. On Thursday night, the formerly freewheeling texting app extended its moderators’ […]

In Trump-Backed Crypto Project, Insiders Are Poised for Unusually Big Token Payouts

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The team could get 70% of World Liberty Financial’s tokens, a significantly higher-than-normal allocation from a project marketed as a solution to the “rigged” traditional finance system. A whopping 70% of Trump-backed World Liberty Financial’s WLFI tokens will be reserved for the project’s insiders, according to a white paper draft obtained by pinetbox. Of the […]