🚀 Bitcoin(BTC) Surpasses 97,000 USDT with a 6.00% Increase in 24 Hours
#Bitcoin #BTC #USDT #cryptocurrency #Binance #marketdata #trading #increase
On Nov 27, 2024, 20:18 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 97,000 USDT benchmark and is now trading at 97,090.34375 USDT, with a narrowed 6.00% increase in 24 hours.#Bitcoin #BTC #USDT #cryptocurrency #Binance #marketdata #trading #increase
🚀 Ethereum's Secondary Bull Market Begins, Analyst Suggests
#Ethereum #BullMarket #CryptoQuant #CryptoAnalysis #PriceIncrease #ETH
According to Odaily, CryptoQuant analyst Crypto Sunmoon has indicated that Ethereum's 'secondary bull market' is now underway. The analyst notes that in previous cryptocurrency market bull runs, Ethereum has consistently experienced two phases of price increases. The second phase of these bull market cycles has historically surpassed the price levels achieved during the first phase.#Ethereum #BullMarket #CryptoQuant #CryptoAnalysis #PriceIncrease #ETH
🚀 FTC Launches Antitrust Investigation Into Microsoft's Cloud And Software Practices
#FTC #Microsoft #Antitrust #CloudComputing #SoftwareLicensing #Cybersecurity #ArtificialIntelligence #MarketStrategy #ProductivitySoftware #SecuritySoftware
According to Odaily, the United States Federal Trade Commission (FTC) has initiated an antitrust investigation into Microsoft, focusing on its cloud computing, software licensing, cybersecurity products, and artificial intelligence offerings. This development follows over a year of informal discussions with Microsoft's competitors and business partners. The FTC's enforcement team has compiled a comprehensive request, spanning hundreds of pages, demanding Microsoft to provide relevant information.
The investigation is particularly concentrated on Microsoft's strategy of bundling its popular productivity and security software with its cloud services. This scrutiny has intensified following a series of cybersecurity incidents involving Microsoft's products. The FTC is concerned about Microsoft's influence in the market, especially given its role as a government contractor and its cybersecurity lapses.
A significant aspect of the investigation is examining Microsoft's practices related to its security software, Microsoft Entra ID, formerly known as Azure Active Directory. This software plays a crucial role in verifying user logins for cloud-based applications. The FTC's antitrust lawyers are scheduled to meet with Microsoft's competitors next week to gather additional information, aiming to understand the broader implications of Microsoft's market strategies.#FTC #Microsoft #Antitrust #CloudComputing #SoftwareLicensing #Cybersecurity #ArtificialIntelligence #MarketStrategy #ProductivitySoftware #SecuritySoftware
🚀 BlackRock's ETHA Sees Significant Inflow of $55.6 Million
#BlackRock #ETHA #cryptocurrency #investment #digitalassets #markettrends #capitalinflow
According to Odaily, recent data from Tree News indicates that BlackRock's ETHA experienced a substantial net inflow of $55.6 million yesterday. This development highlights a notable increase in investment activity surrounding ETHA, reflecting growing interest and confidence in the asset.
The influx of capital into BlackRock's ETHA underscores a broader trend of heightened engagement in the cryptocurrency market. Investors are increasingly seeking opportunities in digital assets, driven by a combination of market dynamics and evolving financial strategies. This significant inflow may signal a shift in investor sentiment, as more individuals and institutions explore the potential of cryptocurrencies as part of their portfolios.
As the cryptocurrency landscape continues to evolve, the movement of funds into assets like ETHA could have implications for market trends and investor behavior. The substantial inflow observed in BlackRock's ETHA is a testament to the ongoing interest and potential growth within the digital asset sector. Market participants will likely monitor these developments closely, assessing the impact on broader market dynamics and future investment opportunities.#BlackRock #ETHA #cryptocurrency #investment #digitalassets #markettrends #capitalinflow
🚀 Celsius Network Distributes $127 Million To Creditors In Bankruptcy Proceedings
#CelsiusNetwork #Bankruptcy #Creditors #Cryptocurrency #Bitcoin #FinancialRecovery #AlexMashinsky #LegalProceedings #Payments
According to Odaily, Celsius Network is distributing $127 million to eligible creditors as part of its second payment under bankruptcy proceedings, following its collapse in July 2022. This latest distribution increases the total recovery rate to 60.4% of eligible claims, building on the initial payment made in January 2024, when approximately 57.65% of eligible claims were paid in liquid cryptocurrency or cash. The second distribution primarily consists of liquid cryptocurrency, converted to Bitcoin at an average price of $95,836.23 to match the claim value. The payments cover various categories of creditors, including retail deposit claims, general revenue claims, and unsecured loan claims.
In related developments, former Celsius Network CEO Alex Mashinsky is scheduled for a pretrial conference on January 16, 2025, with a jury trial set to commence on January 28, 2025. This legal proceeding is part of the ongoing fallout from the company's financial difficulties and subsequent bankruptcy.#CelsiusNetwork #Bankruptcy #Creditors #Cryptocurrency #Bitcoin #FinancialRecovery #AlexMashinsky #LegalProceedings #Payments
🚀 Northern Data AG Nears Sale of Cryptocurrency Mining Business Amid Bitcoin Surge
#NorthernDataAG #Cryptocurrency #BitcoinSurge #MiningBusiness #Tether #ArtificialIntelligence #MarketTrends #PeakMining #BTC
According to PANews, Northern Data AG is reportedly close to finalizing a deal to sell its cryptocurrency mining division, aiming to capitalize on the recent surge in Bitcoin prices. Elliot Jordan, the company's Chief Financial Officer, disclosed that Northern Data has engaged bankers to solicit bids and is currently reviewing proposals. During a presentation at the German Equity Forum on Wednesday, Jordan described the process as 'ongoing,' noting that the company is receiving offers from various parties and that progress is being made.
Jordan mentioned that Northern Data has not assigned a specific valuation to the business. However, reports suggest that prior to the recent Bitcoin price increase, the division was valued between $300 million and $500 million. He emphasized to investors that the current market conditions present an optimal opportunity for the sale of this business segment.
Northern Data's primary shareholder is Tether, a stablecoin issuer, which is looking to free up capital to expand its artificial intelligence services. This strategic shift is part of a broader trend among mining companies following a Bitcoin software update in April, which halved their primary revenue source. In October, it was reported that Northern Data planned to sell its cryptocurrency mining unit, Peak Mining.#NorthernDataAG #Cryptocurrency #BitcoinSurge #MiningBusiness #Tether #ArtificialIntelligence #MarketTrends #PeakMining #BTC
🚀 Bitwise BITB Sees Significant Inflow of $48 Million
#Bitwise #BITB #investment #inflow #financialmarkets #investorconfidence #economicindicators #geopoliticaldevelopments
According to Odaily, recent data from Farside Investors indicates that Bitwise BITB experienced a substantial net inflow of $48 million yesterday. This development highlights a notable increase in investor interest and activity surrounding Bitwise BITB.
The influx of funds into Bitwise BITB suggests a growing confidence among investors in the potential of this financial instrument. Such significant inflows can often be indicative of broader market trends or shifts in investor sentiment, reflecting a positive outlook on the asset's future performance.
This financial movement comes amid a dynamic period in the investment landscape, where market participants are closely monitoring various economic indicators and geopolitical developments. The substantial inflow into Bitwise BITB underscores the asset's appeal and the strategic decisions being made by investors in response to current market conditions.#Bitwise #BITB #investment #inflow #financialmarkets #investorconfidence #economicindicators #geopoliticaldevelopments
🚀 Bitcoin(BTC) Surpasses 96,000 USDT with a 4.25% Increase in 24 Hours
#Bitcoin #BTC #USDT #cryptocurrency #Binance #trading #increase #marketdata #2024
On Nov 28, 2024, 00:35 AM(UTC). According to Binance Market Data, Bitcoin has crossed the 96,000 USDT benchmark and is now trading at 96,027.992188 USDT, with a narrowed 4.25% increase in 24 hours.#Bitcoin #BTC #USDT #cryptocurrency #Binance #trading #increase #marketdata #2024
🚀 24 Exchange Receives SEC Approval For Extended Trading Hours
#24Exchange #SECApproval #ExtendedTradingHours #NationalSecuritiesExchange #StockMarket #Finance #Trading #Investment #DmitriGalinov #ContinuousTrading
According to Odaily, 24 Exchange, a startup backed by Point72 Ventures, has received approval from the U.S. Securities and Exchange Commission (SEC) to operate the 24X National Exchange. This makes it the first national securities exchange in the United States to allow trading for 23 hours a day from Monday to Friday. The launch of 24X will occur in two phases, with the initial phase set to begin in the second half of 2025. During this phase, trading hours will be from 4 a.m. to 7 p.m. Eastern Time.
Once the public data feed for broadcasting U.S. stock prices is upgraded to support continuous operation, 24X will be permitted to extend its trading hours to include nighttime sessions. These sessions will run from 8 p.m. on Sunday to 7 p.m. on Friday, with a one-hour pause from 7 p.m. to 8 p.m. to accommodate routine software upgrades and functionality tests. Dmitri Galinov, CEO and founder of 24X, stated, "Traders face the greatest risk when markets in their regions are closed. We aim to mitigate this issue by facilitating around-the-clock trading."#24Exchange #SECApproval #ExtendedTradingHours #NationalSecuritiesExchange #StockMarket #Finance #Trading #Investment #DmitriGalinov #ContinuousTrading
🚀 BNB Surpasses 650 USDT with a 6.67% Increase in 24 Hours
#BNB #650USDT #increase #Binance #cryptocurrency
On Nov 28, 2024, 01:00 AM(UTC). According to Binance Market Data, BNB has crossed the 650 USDT benchmark and is now trading at 650.25 USDT, with a narrowed 6.67% increase in 24 hours.#BNB #650USDT #increase #Binance #cryptocurrency
🚀 XSS Attack Targets Crypto Industry Through Cointelegraph Vulnerability
#XSS #CryptoIndustry #Cointelegraph #Cybersecurity #Phishing #Vulnerability #SocialEngineering #Malware #UserAwareness
According to Odaily, a recent XSS attack has targeted the cryptocurrency industry by exploiting a vulnerability on the Cointelegraph website. The attack involves tricking users into clicking on a link to the Cointelegraph site that contains a malicious XSS script. Once the link is opened, the script is executed, and the address bar is manipulated to display a URL resembling an unpublished draft article on Cointelegraph's official site.
Following this, a fake 'Sign in with X' prompt appears. If users click on this prompt, they are redirected to a third-party application authorization page for X. The permissions list on this page contains a large blank space, which can easily be overlooked. If users inadvertently authorize the application, the attacker gains control over their X-related permissions. This type of phishing attack, which involves exploiting vulnerabilities, poses a significant threat to the general public, highlighting the need for increased vigilance.#XSS #CryptoIndustry #Cointelegraph #Cybersecurity #Phishing #Vulnerability #SocialEngineering #Malware #UserAwareness
🚀 BlackRock's IBIT Sees No Fund Inflows Or Outflows For Two Consecutive Days
#BlackRock #IBIT #fundflows #tradingvolume #financialmarkets #markettrends #investors #waitandsee #stability #activity
According to Odaily, monitoring by Trader T reveals that BlackRock's IBIT has experienced no fund inflows or outflows for two consecutive days. Despite this stagnation in fund movement, the trading volume has reached a substantial $3.7 billion.
This lack of activity in fund flows comes amid a period of heightened interest in the financial markets, where investors are closely watching for any signs of movement that could indicate broader market trends. The trading volume, however, suggests that there is still significant activity and interest in the market, even if it is not reflected in the inflows and outflows of funds.
The stability in fund flows could be indicative of a wait-and-see approach by investors, who may be holding off on making significant moves until more information becomes available or until market conditions change. This period of inactivity in fund flows, contrasted with the high trading volume, highlights the complex dynamics at play in the current financial landscape.#BlackRock #IBIT #fundflows #tradingvolume #financialmarkets #markettrends #investors #waitandsee #stability #activity
🚀 Bitwise Proposes Diverse Cryptocurrency ETF to SEC
#Bitwise #Cryptocurrency #ETF #SEC #Bitcoin #Ethereum #Solana #XRP #Cardano #Avalanche #Chainlink #BitcoinCash #Polkadot #Uniswap #Finance #Investing #BTC #ETH #SOL
According to PANews, Bitwise has submitted an application to the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) based on its index fund of ten cryptocurrencies. If approved, this ETF would be the most diverse and comprehensive cryptocurrency ETF available in the U.S. market.
The proposed fund includes a range of cryptocurrencies such as Bitcoin, Ethereum, Solana, XRP, Cardano, Avalanche, Chainlink, Bitcoin Cash, Polkadot, and Uniswap. Bitwise has maintained this initial fund since 2018, aligning its value with these ten leading cryptocurrencies.
The SEC has officially acknowledged receipt of the application, initiating the countdown for the commission to decide whether to approve or reject the proposal. However, the deadline for the decision on this application has not yet been determined.#Bitwise #Cryptocurrency #ETF #SEC #Bitcoin #Ethereum #Solana #XRP #Cardano #Avalanche #Chainlink #BitcoinCash #Polkadot #Uniswap #Finance #Investing #BTC #ETH #SOL
🚀 Altcoin Season Requires New Capital Influx, Says CryptoQuant CEO
#AltcoinSeason #CryptoQuant #NewCapital #RetailTraders #Bitcoin #Ethereum #MarketCapitalization #CryptocurrencyExchanges #Liquidity #InvestmentStrategies #BTC #ETH
According to Odaily, Ki Young Ju, the founder and CEO of CryptoQuant, recently highlighted the necessity for new capital from retail traders to fuel the altcoin season. This period typically follows a Bitcoin bull market, characterized by a rapid increase in altcoin prices. Ju pointed out that institutional funds are currently tied up in ETFs, making it unlikely for institutional investors, who indirectly hold cryptocurrencies through investment tools, to shift their profits from blue-chip assets like Bitcoin (BTC) or Ethereum (ETH) into altcoins.
Ju emphasized that for altcoins to reach their historical peak market capitalization, a significant influx of new capital into cryptocurrency exchanges is essential. He noted that the current market capitalization of altcoins being below their previous all-time highs indicates a reduction in liquidity from new exchange users. Ju advised that altcoins should focus on developing independent strategies to attract new capital rather than relying on Bitcoin's momentum. Despite these challenges, Ju remains optimistic about the future of altcoins.#AltcoinSeason #CryptoQuant #NewCapital #RetailTraders #Bitcoin #Ethereum #MarketCapitalization #CryptocurrencyExchanges #Liquidity #InvestmentStrategies #BTC #ETH
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🚀 JPMorgan Analysts Predict Rate Hikes By Bank Of Japan In 2025
#JPMorgan #BankOfJapan #RateHikes #InterestRates #FinancialForecast #2025
According to Odaily, analysts from JPMorgan anticipate that the Bank of Japan will implement interest rate hikes in April and October of 2025. By the end of 2025, the policy rate is expected to reach 1.0%. Furthermore, the Bank of Japan is likely to conduct two additional rate increases in 2026, potentially raising the rate to 1.5%.#JPMorgan #BankOfJapan #RateHikes #InterestRates #FinancialForecast #2025
🚀 Nouriel Roubini Warns Against Bitcoin's Volatility
#NourielRoubini #Bitcoin #Volatility #Cryptocurrency #Investment #WealthPreservation #ETFs #FinancialStability #BTC
According to Odaily, renowned economist Nouriel Roubini, often referred to as 'Dr. Doom,' recently expressed concerns about Bitcoin's volatility during an interview. Roubini emphasized that individuals seeking to preserve their wealth should avoid highly volatile assets like Bitcoin. He highlighted the significant fluctuations in Bitcoin's value, suggesting that it may not be a suitable investment for those prioritizing stability.
In the aftermath of Donald Trump's election victory, there was a notable influx of approximately $6.8 billion into U.S. exchange-traded funds (ETFs) directly investing in Bitcoin, according to data compiled by Bloomberg. These 12 ETFs collectively hold assets totaling around $100 billion. This substantial investment reflects a growing interest in Bitcoin as an asset class, despite the inherent risks associated with its volatility. Roubini's cautionary remarks serve as a reminder of the potential challenges investors may face when engaging with cryptocurrencies, particularly those with significant price swings.#NourielRoubini #Bitcoin #Volatility #Cryptocurrency #Investment #WealthPreservation #ETFs #FinancialStability #BTC
🚀 Bitcoin(BTC) Drops Below 95,000 USDT with a Narrowed 2.35% Increase in 24 Hours
#Bitcoin #BTC #USDT #cryptocurrency #Binance #marketdata #24hourstrend
On Nov 28, 2024, 03:32 AM(UTC). According to Binance Market Data, Bitcoin has dropped below 95,000 USDT and is now trading at 94,919.242188 USDT, with a narrowed narrowed 2.35% increase in 24 hours.#Bitcoin #BTC #USDT #cryptocurrency #Binance #marketdata #24hourstrend
🚀 Lawyer Advocates For Paul Atkins As Next SEC Chair Amid Calls For Reform
#Lawyer #PaulAtkins #SEC #Cryptocurrency #GaryGensler #RegulatoryReform #XRP #DigitalAssets #Innovation #Trump
According to Odaily, lawyer John Deaton, known for his support of XRP, has expressed his backing for Paul Atkins as the next chairman of the U.S. Securities and Exchange Commission (SEC). Deaton has urged the SEC to implement changes, criticizing the agency's current approach under Gary Gensler's leadership. He argues that the SEC has imposed oppressive measures on the cryptocurrency industry and startups, offering little guidance to companies operating in this sector. This lack of direction, Deaton claims, has stifled innovation within the industry.
As part of his reform suggestions, Deaton endorses Paul Atkins, a former SEC commissioner recognized for his supportive stance on digital assets. Deaton is confident that if Atkins is appointed, he will guide the SEC towards a more balanced and transparent regulatory framework. Earlier today, sources revealed that U.S. President-elect Trump's transition team has interviewed Paul Atkins, a seasoned financial regulator and influential figure in conservative financial circles, as a candidate for the SEC chairmanship. Insiders indicate that Atkins is the leading contender to succeed the outgoing Gary Gensler. They also mentioned that Trump is expected to make a decision in the coming days, although no final decision has been made yet.#Lawyer #PaulAtkins #SEC #Cryptocurrency #GaryGensler #RegulatoryReform #XRP #DigitalAssets #Innovation #Trump
🚀 Dormant Bitcoin Address Activated After 11 Years
#Bitcoin #dormantaddress #activations #crypto #BTC #valueincrease #blockchain
According to PANews, a dormant Bitcoin address containing 16 BTC was activated today at approximately 11:35 AM UTC+8. This address had been inactive for 11 years. Back in 2013, the value of these Bitcoins was just $14,186. However, their current value has surged to approximately $1,544,061.#Bitcoin #dormantaddress #activations #crypto #BTC #valueincrease #blockchain
🚀 Ethereum(ETH) Surpasses 3,600 USDT with a 7.31% Increase in 24 Hours
#Ethereum #ETH #USDT #Crypto #MarketData #Increase #Binance
On Nov 28, 2024, 03:49 AM(UTC). According to Binance Market Data, Ethereum has crossed the 3,600 USDT benchmark and is now trading at 3,600.75 USDT, with a narrowed 7.31% increase in 24 hours.#Ethereum #ETH #USDT #Crypto #MarketData #Increase #Binance