Crypto

SUI has surged the most over the past 24 hours.

A breakout above $93,000 could trigger a short squeeze, analysts say—accelerating Bitcoin’s recovery amid short-term holder capitulation.

Bitcoin trades near $92,900, testing key $93K resistance; analysts eye $105K target if breakout confirms, with $88K–$90K as support.

Ethena’s USDe shed 24% of its supply in November, losing market share as fiat-backed stablecoins including USDT, USDC, PYUSD and RLUSD added billions. Ethena’s synthetic-dollar stablecoin USDe saw one of its sharpest monthly contractions yet, while fiat-backed stablecoins including USDT, USDC and PYUSD attracted billions in inflows.  CoinGecko data showed that Ethena’s USDe stablecoin fell from a market capitalization of $9.3 billion on Nov. 1 to $7.1 billion on Nov. 30. The token saw about $2.2 billion in redemptions, marking a 24% decline in supply in November.  Ethena’s USDe is a synthetic stablecoin that maintains its dollar peg through trading strategies with crypto and futures contracts rather than holding actual dollars. USDe outflows mean that users are either selling USDe on the open market, withdrawing from pools or unwinding their positions on decentralized applications (DApps). Read more

A closer look at how global regulators treat cryptocurrencies, and an overlook of where things might be headed in the coming years.

Ethereum’s Fusaka hard fork goes live, boosting data availability, increasing throughput up to 8x, and lowering Layer 2 transaction fees.

MSTR is trading below the value of its Bitcoin holdings, creating a discount where investors basically buy its BTC and get the business free.

XRP has successfully defended the $2.00 support.

PI is in the green but in a modest manner compared to other altcoins.

Bitcoin has recovered all losses from its big leverage flush out in just two days as it reclaims a key price level. 

Armed robberies of crypto buyers are rising globally as criminals abandon digital hacks for brutal in-person confrontations.

Anthropic is reportedly exploring a public market debut while chasing a new funding round that could push its valuation past $300 billion.

Large holders resumed sizeable Ethereum purchases this week as crypto prices recovered sharply from Monday’s wipeout.

The U.S. seizure comes a day after a sanctioned Cambodian group shut branches and froze withdrawals under regulatory pressure.

Trump hasn’t confirmed who he will have replace Fed Chair Jerome Powell with next year, but two recent hints, taken together, point to his crypto-friendly adviser. Prediction market odds on Kevin Hasset becoming the next chair of the US Federal Reserve spiked after US President Donald Trump appeared to hint at who he has in mind during a White House event.  Speaking at the White House on Tuesday, Trump introduced guests, welcoming Hassett as a “potential Fed chair.”  “It’s a great group, and I guess a potential Fed chair is here too,” he said. “I don’t know, are we allowed to say that, potential? He’s a respected person, that I can tell you. Thank you, Kevin.” Read more

The product saw strong first-day trading after a shutdown-enabled filing path and updated SEC listing standards opened the way for its launch.

Bitcoin was launched fifteen years ago. The industry has ballooned into a nearly $4 trillion ecosystem, yet Satoshi’s vision of everyday payments remains largely unfulfilled. The hope for peer-to-peer payments has shifted to stablecoins. But rather than replacing banks, stablecoins risk becoming bank-like infrastructure. Stronger regulation in the U.S. and Europe may push them toward […] The post Stablecoins were built to replace banks but on course to becoming one appeared first on CryptoSlate.

Kevin O’Leary said he is not positioning his investments around expectations that the US Federal Reserve will cut rates in December. American entrepreneur and investor Kevin O’Leary has pushed back against speculation that the US Federal Reserve will cut interest rates in December — a move that typically signals a favorable outlook for crypto.  However, O’Leary doesn’t anticipate a Fed rate hold negatively impacting Bitcoin’s (BTC) price. “I don’t actually think the Fed's gonna cut in December,” O’Leary, also known as “Mr Wonderful,” told Cointelegraph during an interview on Tuesday, emphasizing that it’s not “gonna make a difference to Bitcoin.” Read more

Kalshi has doubled its valuation after its latest Series E funding round, which come as the prediction market posted record trading volumes last month. Prediction market Kalshi has closed a $1 billion funding round at a valuation of $11 billion, after seeing its best-ever monthly volume in November. Confirming an earlier report by TechCrunch, Kalshi said on Tuesday that its latest Series E round was led by the crypto-focused venture firm Paradigm, with participation from other crypto-engaged VCs Sequoia, Andreessen Horowitz and Cathie Wood’s ARK Invest. “Kalshi is replacing debate, subjectivity, and talk with markets, accuracy, and truth,” said Kalshi CEO Tarek Mansour. “We have created a new way of consuming and engaging with information.” Read more

A powerful new player is entering the Ethereum Layer-2 space, and it’s using Solana’s tech to do it.Eclipse, a new L2 chain, has just launched a hybrid model that could shake up the entire Ethereum scaling ecosystem.It settles transactions faster and cheaper than Ethereum-native rollups like Arbitrum by running its execution layer on Solana’s high-speed […] The post Solana Price Prediction: Game-Changing Breakthrough as Solana Tech Powers Ethereum – Can SOL Overtake ETH Soon? appeared first on Cryptonews.