CryptoGlobalNews

Ethereum price is setting the stage for a potential rally toward $4,000 after solidifying support around the $3,000 level. The cryptocurrency has seen increased buying activity in this range, alongside a bullish breakout and imminent technical indicators, suggesting further upward momentum. As

Gary Gensler, the current chair of the US Securities and Exchange Commission, will step down from his position on January 20, 2025. Gensler has been in charge since April 2021 and has been involved in several legal proceedings against the crypto industry, including the Ripple case.

FTX confirms creditors and customer distributions will commence in January 2025, upon completion of final prerequisites. To be eligible for payouts, customers need to create an approved account with the distribution agents. FTX will distribute over $6.6 billion to customers under the reorganization plan.

Amid a highly bullish DOGE market witnessed recently, Dogecoin whales’ action to heavily accumulate the token has garnered significant attention among traders and investors globally. On-chain data indicates over 500 million coins were bought from crypto exchanges, signaling increased market

Ripple SEC Lawsuit: The U.S. Securities and Exchange Commission (SEC) has hinted at continuing to argue “digital asset securities” amid the appeal in the Second Circuit Court. The move comes as XRP price surpassed $1 and eyes rally to $2 on high odds of Gary Gensler’s resignation and XRP lawsuit’s

Sui Network experienced a major outage with no blocks produced, causing a 10% drop in SUI price. Suivision reported issues with some validators. Sui team is investigating and working on a fix. Despite the downtime, the Sui community remains optimistic about the network's potential for growth.

Bitwise Invest registers a statutory trust for a proposed Solana ETF filing, looking to join the likes of Canary Capital and VanEck in the race to bring the SOL ETFs to the market. Bitwise also filed for a spot XRP ETF last month. Experts predict further offerings for other assets, including Cardano and Avalanche, and expect a DOGE ETF filing by December 31, 2024. The SOL price is predicted to hit a new all-time high with a rally past $300 by year-end.

Cryptocurrency Prices Today: Bitcoin touched a new all-time high of $97K, while major altcoins saw slight increase from the last day. Meme coins showed mixed trends; however, FLOKI emerged as the top gainer with a 16% jump in the last 24 hours.

The global cryptocurrency market cap reached $3.16

Russian President Vladimir Putin has approved new measures to restrict cryptocurrency mining in several regions to address energy supply concerns. These restrictions are part of Russia’s broader efforts to regulate the industry while conserving electricity during peak winter months.

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Business intelligence firm, MicroStrategy, has increased its private offering of convertible senior notes to $2.6bn from $1.75bn, which will be used primarily to fund its ongoing Bitcoin acquisition strategy. Convertible into cash or MicroStrategy's common stock, the zero-interest notes are due on 1 December 2029, and are set at an initial conversion price of $672.40 per share. The debt offering vaulted the firm, with holdings of 331,200 Bitcoin, into the top 100 publicly traded companies in the US by market capitalization.

In an unprecedented turn of events, a meme coin trader garnered significant attention, trading the newly launched ELIZA token amid its launch controversy. On-chain data on Tuesday pointed out that a trader made a remarkable $3 million profit with the abovementioned token. Simultaneously, with

MicroStrategy plans to offer up to $1.75bn of its Convertible Senior Notes through private offering to qualified institutional investors, with plans to use the funds for general corporate purposes and to purchase more Bitcoin. The offering will mature on December 1, 2029, unless repurchased earlier by the firm.