Crypto

Perplexity’s AI-powered ChatGPT rival, Perplexity AI, has released a fresh set of highly volatile projections for Pi Network, Bitcoin, and Solana as the month draws to a close. The model suggests that all three cryptocurrencies face the potential for sharp price moves in either direction over the coming weeks.Below is a breakdown of Perplexity’s two-sided […] The post Perplexity AI Predicts the Price of Pi, Bitcoin, and Solana By the End of 2025 appeared first on Cryptonews.

During the 2023 trial, Ellison delivered damning testimony, describing lies, reckless borrowing and the secret misuse of FTX customer funds.

The regulatory approval followed an October notice from Coinbase saying that the exchange would be investing an undisclosed amount into the Indian exchange. The Competition Commission of India, the regulatory body responsible for promoting fair competition in the country, has approved Coinbase acquiring a minority stake in cryptocurrency platform CoinDCX. In a Tuesday notice, the regulator said it had approved Coinbase Global’s minority stake acquisition in DCX Global Limited, the company behind CoinDCX. Coinbase chief legal officer Paul Grewal confirmed the news in a Wednesday X post, saying it deepened the exchange’s “long-term partnership with one of India’s most established and trusted digital asset platforms.” Neither the regulatory announcement nor Grewal’s post included information about the percentage of Coinbase’s stake in the crypto exchange. Cointelegraph reached out to a Coinbase spokesperson for comment, but had not received a response at the time of publication.  Read more

Jito Labs' CEO said the foundation was forced offshore due to hostile regulators under the previous SEC leadership. The Jito Foundation, the nonprofit organization facilitating the development of the Jito platform, said it will return to the United States, citing “clearer rules” for digital assets in the country. Jito is a maximal extractable value (MEV) infrastructure builder for the Solana network. MEV refers to the profit that traders or validators can make by controlling the order, inclusion or exclusion of transactions in a blockchain block. By rearranging transactions before they are confirmed, MEV participants can capitalize on opportunities such as arbitrage or front-running to earn extra fees on transaction rewards. The Jito Foundation was forced to operate overseas due to the debanking of the crypto industry during the so-called Operation Chokepoint 2.0, according to Lucas Bruder, co-founder and CEO of Jito Labs. Bruder, pseudonymously known as “buffalu,” said: Read more

The wealth advisory firm enlisted the help of crypto-based algorithmic trading firm Arch Public to create the strategy.

Potential 2028 presidential candidate Gavin Newsom again goaded the president with a website highlighting ties to those with criminal records, including some in crypto.

The likelihood of a Bitcoin correction to $70,000 has increased, but one analyst said the price drop would confirm a macroeconomic reset, rather than the start of a new bear market. Bitcoin’s (BTC) recent price weakness has revived investors’ concerns of a deeper downturn, but several market analysts argue that an extended correction may be more constructive over the longer term. Key takeaways: Analysts say Bitcoin’s downside risk is centered about $65,000 to $75,000. Read more

Bitcoin's brief rally to $90K quickly turned sour, dropping to $85K as traders lose faith in a Santa rally.

Bitcoin trades near $89,000 today after its 14-day relative strength index fell below 30 in mid-November, a threshold traders track for capitulation. A chart circulated by Global Macro Investor’s Julien Bittel, sourced to LSEG Datastream, overlays Bitcoin’s recent path with the average trajectory that followed the last five RSI breaks below 30 and traces a […] The post Bitcoin just flashed a rare capitulation signal that historically triggers a violent rally appeared first on CryptoSlate.

The sole remaining CFTC commissioner, Caroline Pham, said earlier this year that she would leave the agency after the US Senate confirms a replacement. Caroline Pham, the acting chair of the US Commodity Futures Trading Commission, will leave the financial regulator to join MoonPay, following the Senate confirmation of her successor. In a Wednesday X post, MoonPay confirmed reports that Pham would join its team as a chief legal and administrative officer. She became acting chair in January amid the changeover in presidential administrations and has been the sole Republican commissioner at the CFTC for months, following the end of other leaders’ terms and resignations.  Pham said in May that she planned to leave the CFTC following the Senate confirmation of Brian Quintenz, US President Donald Trump’s first pick to replace her as chair. However, after a pushback from Gemini co-founders Cameron and Tyler Winklevoss, the White House withdrew Quintenz’s nomination and later named Securities and Exchange Commission...

With about two months remaining until her expected release date, former Alameda Research CEO Caroline Ellison has been transferred out of federal prison. Caroline Ellison, the former CEO of Alameda Research who pleaded guilty to charges related to her role in the collapse of cryptocurrency exchange FTX, has been transferred out of the Federal Correctional Institution (FCI) in Danbury, Connecticut, where she spent the past few months serving her two-year sentence.  According to Federal Bureau of Prisons records as of Wednesday, Ellison was located at a Residential Reentry Management field office in New York City, marking the first change in housing since she reported to FCI Danbury in November 2024. The former Alameda CEO received a two-year sentence for her role in FTX’s downfall — one of the lighter sentences compared to that of the exchange’s CEO, Sam “SBF” Bankman-Fried, who was sentenced to 25 years.  Read more

India is exploring asset tokenization as a way to open high-value investments such as real estate, infrastructure, and carbon credits to middle-class citizens, while keeping ownership and regulation within the country. The post India Pushes Tokenization Bill to Open Billion-Dollar Real Estate to Middle Class — Will It Pass? appeared first on Cryptonews.

Bitcoin and altcoin rallies are being capped by heavy selling near the intraday range highs, leading some analysts to revise their end-of-year price estimates. What do technical charts say? Key points: Bitcoin failed to hold above $90,000, indicating a lack of demand at higher levels. Several major altcoins started a recovery, but the higher levels attracted solid selling pressure from the bears. Read more

The stablecoin will facilitate tokenized asset transactions and is expected to be linked to the Brazilian real.

The Robinhood CEO is predicting massive growth for crypto-based prediction markets as adoption accelerates.

Governor Gavin Newsom calls out Trump’s controversial crypto pardons, labeling CZ, Ulbricht, and others “criminal cronies” while raising concerns about financial crime and public accountability. The post California Governor Targets Trump’s Crypto Pardons: CZ, Ulbricht Branded ‘Criminal Cronies’ appeared first on Cryptonews.

Hyperliquid is learning how quickly sentiment can turn in crypto. According to CryptoSlate data, HYPE, the token that powers the decentralized perpetuals exchange, has dropped to seven-month lows in December after a year in which Hyperliquid looked like the default venue for on-chain leverage. During this period, the platform's trading volumes have stalled just as […] The post Hyperliquid is erasing $1 billion in token supply, but the market is still punishing the wrong metric appeared first on CryptoSlate.

One analyst isn't quite ready to call a bottom, but says bitcoin is surely in an oversold condition.

Binance exited the United States in 2019, and a separate company, Binance.US, has been serving US customers since that time. Binance, the world’s largest cryptocurrency exchange by trading volume, is considering a strategic reshuffling to strengthen its presence in the US market, a move that could see Binance co-founder Changpeng “CZ” Zhao’s majority stake in the company reduced. Zhao’s controlling stake in Binance has been a “major hurdle” to the company expanding to strategically critical US states, according to Bloomberg, citing people familiar with the matter. Although no concrete plans have been announced, the conversation surrounding any potential action remains reportedly “fluid.”  The company is also considering partnerships with US-based companies, including asset manager BlackRock and decentralized finance (DeFi) platform World Liberty Financial (WLFI), which is linked to US President Donald Trump, to strengthen its footprint in the country. Read more

Pengu price is down almost 80% from its highs near $0.04 and nearly broke to a new multi-month low after news that the SEC is targeting VC capital that invested in Pudgy Penguins.According to crypto journalist Kate Irwin, the SEC sued crypto venture firm Shima Capital and its founder, Yida Gao, three weeks ago, alleging […] The post Pudgy Penguins Price Prediction: PENGU Price Crashes 20% in a Week, Is a Recovery Possible this December? appeared first on Cryptonews.