Day: December 18, 2024

Solana meme coin Fartcoin hits $1 billion market cap

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Key Takeaways Fartcoin reaches $1 billion market cap in under two months, entering the top 10 meme coins by market cap. Truth Terminal’s Infinite Backrooms discussions fueled Fartcoin’s rise amid broader market downturns. Share this article Fartcoin, the meme coin fueled by discussions in Truth Terminal’s “Infinite Backrooms” chatrooms, has reached a $1 billion market cap, according to GeckoTerminal data. This milestone comes despite the broader crypto market’s downturn following the Federal Reserve’s hawkish stance on next year’s interest rate policies. The token’s market value has since pulled back to…

El Salvador secures IMF deal as Bitcoin acceptance turns voluntary

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Key Takeaways El Salvador reached a $1.4 billion agreement with IMF making Bitcoin acceptance voluntary. The deal includes fiscal measures and expects $3.5 billion additional financing from World Bank and regional banks. Share this article El Salvador has secured a $1.4 billion agreement with the International Monetary Fund, marking a shift in the country’s crypto policies by making Bitcoin acceptance voluntary. The agreement, which requires IMF Executive Board approval, includes fiscal consolidation measures targeting a 3.5% improvement in the primary balance over three years. El Salvador’s public debt, which reached…

XRP Price Ready To Run To $11 ATH? Alternative Larger Metrics Show The Answer

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Este artículo también está disponible en español. A crypto analyst has shared an XRP price chart, analyzing its action on the 4-hour timeframe while pinpointing key metrics of strength that suggest a possible rally. The analyst has predicted that XRP is preparing for a significant run to $11, marking a new All-Time High (ATH).  Key Metrics Suggest XRP Price Set For $11 Surge In an X (formerly Twitter) post on Tuesday, prominent crypto analyst Javon Marks shared key observations of XRP’s price behavior, noting signs of strength through crucial metrics…

Bitcoin ETFs surpass gold ETFs in AUM

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Key Takeaways Bitcoin ETFs have surpassed gold ETFs in total assets under management, with Bitcoin funds reaching $129 billion. BlackRock’s iShares Bitcoin Trust is the market leader in Bitcoin ETFs, managing nearly $60 billion in assets. Share this article Bitcoin ETFs have surpassed gold ETFs in total assets under management, with Bitcoin funds reaching $129 billion compared to gold ETFs’ $128 billion, according to K33 Research. The milestone comes less than a year after spot Bitcoin ETFs launched in January following the SEC’s approval. According to ETF analyst Eric Balchunas,…

Michael Saylor says he’d be willing to advise Trump on crypto matters

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Key Takeaways Michael Saylor is willing to advise Donald Trump on crypto matters if requested. MicroStrategy continues to focus on Bitcoin holdings as a primary value generation method. Share this article MicroStrategy co-founder and executive chairman Michael Saylor said Wednesday that he would be willing to provide advisory support to President-elect Donald Trump on crypto matters if asked. “I’m always willing to provide a thought on constructive digital asset policy either in confidence or publicly. And if I’m asked to serve on some sort of Digital Assets Advisory Council. I…

Fed cuts rates by 25 basis points as crypto market extends losses

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Key Takeaways The Federal Reserve reduced its benchmark interest rate by 25 basis points amid mixed economic signals. The crypto market experienced declines with Bitcoin dropping 4% and Ethereum and Solana seeing larger losses. Share this article The Federal Reserve cut its benchmark interest rate by 25 basis points to a target range of 4.25%-4.5%, signaling a shift in monetary policy amid mixed economic signals. This brings the rate a full percentage point below its level in September, when officials began reducing rates. The Federal Reserve’s updated economic projections show…

Self Custody For Me, But Not For Thee

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One counter-argument against pushing for greater scalability with Bitcoin is that “most people won’t self-custody anyway, so why bother?” This is a wildly assumptive, arrogant, and outright fallacious argument. It is the same type of logical fallacy that human beings can’t help but make. The current state of the present is an indicator of what the state of the future will be. “It’s not raining today, so it won’t be raining tomorrow.” It’s exactly the type of thinking that led Bitcoiners during the last market cycle to take for granted…