Author: John Smith
Zcash price is testing the $420 resistance of a multi-month symmetrical triangle as rising trading volume and institutional accumulation hint at a potential breakout. Summary Zcash might be eyeing a fresh rally, testing $420 triangle resistance. Spot and futures volumes show renewed trader interest and risk appetite. Institutional buys and exchange listings have boosted momentum and visibility. Zcash was trading at $395 at press time, up 11% over the past 24 hours, as the market recovered after a quiet start to the week. The seven-day range sits between $306 and $420, leaving the coin 18% higher on the week but…
HashKey has opened subscriptions for its Hong Kong initial public offering, targeting up to $215M with backing from UBS and Fidelity in a key moment for the city’s crypto ambitions. Summary HashKey launches a Hong Kong IPO seeking up to $215M as subscriptions open this week. The licensed exchange aims to scale its infrastructure as Hong Kong pushes deeper into regulated digital assets. Cornerstone investors including UBS and Fidelity commit $75M, indicating confidence despite market volatility. The exchange operator is seeking to raise as much as HK$1.67 billion, or about $215 million, in what may become one of the city’s…
The Commodity Futures Trading Commission has opened the door for tokenized assets to be used across U.S. derivatives markets. Summary CFTC has introduced a supervised pilot that lets tokenized assets serve as collateral in U.S. derivatives markets. The new framework gives firms clear guidance on handling tokenized real-world assets. Industry leaders see the move as a step toward safer, more efficient market infrastructure. The commission has launched a digital assets pilot program covering Bitcoin, Ethereum, USDC, and tokenized real-world assets. In its Dec . 8 announcement, the agency said the program allows registered futures commission merchants to accept Bitcoin, Ethereum,…
Strategy has made its largest Bitcoin purchase in months, acquiring 10,624 Bitcoin for approximately $962.7 million last week. Summary Strategy Inc. acquired 10,624 Bitcoin for $962.7 million, bringing its total holdings to 660,624 BTC, despite a 60% decline in its stock price over the past six months. CEO Michael Saylor remains committed to accumulating Bitcoin long-term, rejecting the sale of assets to fund dividends, and has built a $1.44 billion cash cushion to support the company for nearly two years. The company faces increasing competition as major banks like JPMorgan and Morgan Stanley launch Bitcoin-linked products, challenging Strategy’s role as…
The number of Bitcoin addresses holding balances greater than 0.1 BTC has declined over a two-year period for the first time since the cryptocurrency network’s launch in 2009, according to blockchain data reported by Protos.com. Summary The number of Bitcoin addresses holding more than 0.1 BTC declined by 2.3% over two years, marking the first drop since Bitcoin’s launch in 2009. While smaller wallets (holding 0.01 BTC or more) saw only a 0.7% decline, larger wallet balances experienced a sharper decrease. The decline reflects evolving Bitcoin infrastructure, with many investors using intermediaries like ETFs and exchanges, alongside changing security practices…
Over the past day, the XRP price has been fluctuating, dipping to $2 before bouncing back about 1.3%. And the timing couldn’t be more interesting, with traders nervously eyeing tomorrow’s Fed meeting, which might set the mood for the whole crypto market as we head into the final stretch of the year. Summary XRP price has been fluctuating, hovering around $2.07 after dipping to $2. Traders are closely watching the December 9–10 Fed meeting, which could influence crypto market trends. XRP shows strong demand, supported by recent institutional traction and ETF launches. Upside targets include $2.20 and $2.40 if $2…
HBAR price remained in a narrow range above a key support level as exchange-traded funds’ inflows dried. Summary HBAR price has formed a head-and-shoulders pattern on the daily chart. It has also formed a death cross pattern as the 50-day and 200-day moving averages crossed each other. Demand for the recently launched HBAR ETFs has dried in the past few days. Hedera (HBAR) token was trading at $0.1350, down by 55% from its highest point in August. Data compiled by SoSoValue shows that the cumulative total inflows in Hedera ETFs stood at $82 million, bringing the total net assets to…
Dogecoin price continues to trade within a bearish market structure, yet emerging signals suggest a possible bottom forming as price compresses near key support levels. Summary DOGE maintains a confirmed bearish structure with repeated resistance failures. Weak buying pressure keeps downside risk elevated despite early bottoming signals. A true recovery requires a structural break supported by expanding bullish volume. Dogecoin (DOGE) price action remains firmly confined within a bearish market structure, with sellers dominating momentum since the rejection of the high-time-frame resistance near $0.21. Despite several attempts to break through regional resistance levels, DOGE has consistently failed to generate the…
Pi Network price continued its downtrend today, Dec. 8, as a lawsuit filed against the developers in October emerged. Summary Pi Network price has pulled back by double digits in the past few days. A lawsuit against the parent company and its founders was filed in the U.S. The coin’s biggest whale has continued accumulating in the past few days. Pi Coin (PI) token dropped to $0.2200, its lowest level since Nov. 16, and ~23% below the highest point on Nov. 28. It remains much lower than the all-time high. The ongoing Pi Network price crash happened after details of…
On-chain gas futures proposal aims to make Ethereum transaction fees predictable for high-volume users and enterprises by locking in gas prices ahead of time. Summary Vitalik Buterin proposes an on-chain gas futures market allowing users to pre-buy gas at fixed prices for later use. The design extends EIP-1559, offering price predictability for exchanges, rollups, and enterprises without directly lowering gas fees. Futures prices would signal expected demand for Ethereum blockspace, creating new economic inputs for scaling and resource allocation. Ethereum co-founder Vitalik Buterin has proposed a new on-chain gas futures market designed to address transaction fee unpredictability on the network,…
