Cardano rallies 137% in 2 weeks, trading near $0.80, but an overvalued MVRV ratio of 37% signals potential profit-taking and correction risk. Whale activity hits $28 billion, providing stability, but sell-offs could trigger sharp downturns. Resistance at $0.81; failure could push prices to $0.71 or $0.66. #Cardano #ADA #Crypto #MarketUpdate
Injective launches iAgent, a toolkit for building AI-driven on-chain agents, enabling tasks like wallet management and automated trading on DEXs. It integrates OpenAI models and faces competition from AI-driven platforms like ai16z and Virtuals Protocol. #Injective #iAgent #AI #Blockchain #Crypto
Russia bans crypto mining in occupied Ukrainian regions from December, citing electricity shortages. Seasonal restrictions will apply in Siberia through March 2031, with a full ban in some areas starting December 2024. #Crypto #Mining #Russia #Ukraine #Regulation
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Heather Morgan, aka Razzlekhan, has been sentenced to 18 months for laundering funds from the 2016 Bitfinex hack. Her husband, Ilya Lichtenstein, received a five-year sentence for stealing 119,754 BTC. Morgan used fake identities and various purchases to launder 21% of the funds. #Bitfinex #Crypto #Razzlekhan #MoneyLaundering
Dogwifhat (WIF) may fall under $3 due to bearish momentum, with the Elder Ray Index at -0.22 and RSI at 44.80. Selling pressure could push WIF to $2.57, but renewed demand might reverse the downtrend toward $4.19. #Dogwifhat #WIF #Crypto #MarketUpdate
Crypto whales invest $65 million in Polygon (POL) amid a 12% price surge. Whale accumulation and bullish dominance suggest potential price increases, with an inverse head-and-shoulders pattern indicating a possible rally above $0.60. #Polygon #POL #Crypto #WhaleWatch
US lawmakers urge the Treasury to intensify scrutiny of crypto mixers like Tornado Cash, highlighting its role in laundering billions. Legal battles continue for Tornado Cash co-founders, with ongoing illicit activities despite sanctions. #Crypto #TornadoCash #Regulation #Cybercrime
MicroStrategy announces a $1.75 billion private note sale to buy more Bitcoin, acquiring $4.6 billion in BTC today. The firm's Bitcoin-first strategy aligns its value with BTC, achieving record highs amidst the bull market. #MicroStrategy #Bitcoin #Crypto #Investment
GOAT price momentum slows after reaching a $1 billion market cap, with a 34.19% weekly surge. Technical indicators like RSI at 50.60 and ADX at 29.77 suggest fading bullish pressure. Key levels: resistance at $1.36, support at $0.80 and $0.41. #GOAT #Crypto #MarketUpdate
Hedera (HBAR) price climbs to a 7-month high, surging 115% in 7 days. Strong bullish momentum with ADX at 42.47 and Ichimoku Cloud validation suggest further gains. Resistance at $0.14 and $0.182; support at $0.098 and $0.068. #Hedera #HBAR #Crypto #PriceSurge
Trump is in talks to purchase Bakkt, sparking a stock price surge. Coinbase CEO Brian Armstrong discusses pro-crypto appointments with Trump, suggesting Hester Peirce as the new SEC Chair. #Trump #Crypto #Bakkt #Coinbase #HesterPeirce
Bonk (BONK) flips Dogwifhat (WIF) with a $3.77B market cap after a 28% surge, fueled by a planned 1 trillion token burn by Christmas. Bullish momentum could push BONK to $0.000055, but overbought conditions might cause a pullback to $0.000030. #BONK #Solana #Crypto #TokenBurn
Bitcoin advocate Howard Lutnick gains support from Elon Musk and Robert F. Kennedy Jr. in the race for US Treasury Secretary. Lutnick, CEO of Cantor Fitzgerald, is known for his pro-crypto stance and efforts to integrate cryptocurrencies into traditional finance. He competes against Scott Bessent, another crypto proponent, in a tight race that could shape the US financial landscape. #Bitcoin #Crypto #Treasury #ElonMusk #HowardLutnick
Altcoins see a window of opportunity as Bitcoin dominance drops to 60%, fueled by rising altcoin performance and extreme greed sentiment. Altcoin market cap hits $1.19T; further BTC dominance decline could push it to $1.27T, but a BTC rally may delay altcoin season. #Crypto #Altcoins #Bitcoin #MarketUpdate
Coinbase CEO Brian Armstrong and Gemini co-founder Cameron Winklevoss rally behind Elon Musk-led D.O.G.E reforms, seeing it as a chance to enhance economic freedom and address inflation. Ripple's Stuart Alderoty urges D.O.G.E to investigate SEC spending inefficiencies. #Crypto #Doge #GovernmentReform #Economy
Base Network reaches 1 billion transactions in just over a year but faces accusations of copying digital artist Chris Biron's work for its commemorative NFT. Base apologized, pledged proceeds to Biron, and promised to improve processes. #Crypto #NFT #Base #Coinbase #ArtControversy
4 US Economic Events That Could Impact Crypto Market This Week:
1. Initial Jobless Claims (Nov 21) - A decrease could boost consumer spending and confidence, benefiting Bitcoin.
2. S&P Global US Manufacturing PMI (Nov) - A higher reading may boost investor confidence and risk assets like crypto.
3. S&P Global Services PMI (Nov) - Growth in services sector could positively impact Bitcoin and cryptocurrencies.
4. Nvidia Corporate Earnings (Nov 20) - Strong GPU sales for AI could boost AI-focused cryptocurrencies.
#Crypto #Economy #Bitcoin #Nvidia #PMI
3 Token Unlocks to Watch Next Week: Avalanche, Oasis, and Cardano have major token unlocks scheduled. Avalanche will unlock 1.67M AVAX on Nov 18, valued at over $60M. Oasis will release 176M ROSE on Nov 18. Cardano will unlock 18.53M ADA on Nov 21. These unlocks, totaling over $123M, may impact token prices. #Crypto #TokenUnlock #Avalanche #Oasis #Cardano
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