Author: John Smith

BitMine Immersion Technologies has added over 7,000 ether for roughly $19.8 million to its stash that currently accounts for more than 3% of the flagship altcoin’s total supply. Summary BitMine has bought 7080 ETH for approximately $19.0 million. The firm now holds over 3.7 million ETH, representing more than 3% of Ethereum’s circulating supply. Data tracked by on-chain analytics platform Lookonchain on Dec. 2 shows that a wallet associated with BitMine picked up 7,080 ETH on FalconX, continuing a fresh buying spree that began Saturday. Over the weekend, the same wallet acquired 16,693 ETH for approximately $50.1 million, bringing the…

Kalshi has integrated the Solana blockchain to launch tokenized versions of its event contracts on-chain. Summary Kalshi has launched tokenized versions of its event contracts on the Solana blockchain. The move is expected to enhance liquidity across Kalshi’s markets. Kalshi will be directly competing against Polymarket as both platforms scale up U.S. market activity. As prediction markets have become a major area of interest in the U.S., Kalshi is looking to tap into the cryptocurrency community by offering on-chain versions of its contracts, company insiders told CNBC on Dec. 1. Kalshi’s traditional contracts operate through a regulated exchange and require…

Crypto prices today have slid further as pressure from Japan’s bond market flowed into digital assets.  Summary Total crypto market value slipped 5% as BTC, ETH, XRP, and BNB extended their decline. Japan’s surging bond yields and the fading yen carry trade triggered heavy liquidations and renewed risk aversion. Traders are watching the BOJ’s mid-December decision, which could deepen risk-off mood if rates rise. The total crypto market cap slipped by 5.3% to just above $3 trillion, adding to the weak momentum that has carried into December. At press time, Bitcoin was down 1.2% to $85,945 while Ethereum fell 1.5% to $2,812.…

Yearn Finance has taken its first major step toward repairing the damage from its recent yETH exploit after securing a partial recovery. Summary Yearn Finance recovered $2.4M from the $9M yETH exploit through a coordinated effort with Plume and Dinero. The recovery covers assets still held by the attacker, while the laundered ETH remains out of reach. A full post-mortem is underway as Yearn prepares further steps to return remaining funds to affected users. Yearn Finance has recovered $2.4 million from the $9 million yETH exploit that hit the protocol at the end of November. The update came late on…

Large-holder activity in Dogecoin has declined to its lowest level in 60 days, according to data shared by cryptocurrency analyst Ali Martinez on Sunday, Nov. 30. Summary Large Dogecoin transactions dropped to just four, down from a recent peak of 38, according to analyst Ali Martinez. The pullback comes even as Dogecoin shows a short-term price uptick and trades near a key 2024 support level, still below its 200-day EMA. Technical indicators, including the RSI, remain weak — signaling fading momentum as whale activity hits a 60-day low. The number of high-value Dogecoin (DOGE) transactions dropped to four, down from…

XRP balances on major cryptocurrency exchanges have declined sharply in recent weeks, a shift analysts attribute to the growing influence of newly launched spot exchange-traded funds (ETFs) rather than traditional accumulation by long-term holders. Summary XRP balances on major exchanges like Binance, Upbit, and Kraken have dropped as spot XRP ETFs absorb large amounts into custodial wallets. Reduced exchange liquidity means smaller trades now trigger sharper intraday price swings, though ETF-driven arbitrage provides structural stability. Long-term outlook for XRP strengthens, but traders should brace for increased short-term volatility amid lower on-exchange spot volume. Analyst Vincent Van Code reported that substantial…

Peter Schiff opened fire on X by declaring Michael Saylor the “biggest con man on Wall Street” and calling Strategy’s business model a fraud. Naturally, this served as the perfect segue into his favorite topic: Bitcoin is a “fake” asset. Summary Schiff calls out Michael Saylor and Strategy while insisting Bitcoin is a “fake asset.” BlackRock’s Bitcoin ETFs are thriving, with IBIT nearing $100B in assets despite market dips. Corporations and central banks are actively buying Bitcoin, proving the “end” isn’t exactly trending. On Monday, Dec. 1, Schiff called out Saylor and didn’t mince words: “Today is the beginning of…

Bitcoin price suffered a harsh reversal on Monday, wiping out some of the gains made last week when it soared to $93,000.  Summary Bitcoin price dived below the important support at $85,000. The Bank of Japan’s central bank governor pointed to a rate hike. A hike when the Fed is cutting may lead to unwinding of the carry trade. Bitcoin (BTC) token dived to $84,880, triggering a broader crypto market crash that affected most altcoins. The market capitalization of all coins dropped by ~8% to $2.9 trillion.  One potential reason why Bitcoin price crashed is a sudden flip by the…

XRP price continues to break down as bearish market structure strengthens, placing the $1.80 support zone at risk amid persistent lower highs and rejection from key resistance levels. Summary XRP continues printing lower highs and lower lows, confirming bearish structure. Rejection from the bearish order block and 200-day moving average caps upside momentum. Limited support below current levels increases the probability of a drop toward $1.80. XRP (XRP) price is entering a deeper phase of bearish pressure as its market structure continues to deteriorate. After losing significant high-time-frame resistance and forming a clear bearish order block, the asset has struggled…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As panic sweeps through the crypto market, a growing number of investors are turning to Proof-of-Work reward models like Moon Hash to find stability when prices collapse. Summary Market crashes have sparked interest in PoW-based daily reward systems that are less tied to price volatility and require no leverage or trading skills. Moon Hash stands out with renewable-energy-powered computing, mainstream crypto support, and beginner-friendly contracts, including a $15 signup bonus. The platform offers a simple path for newcomers, letting…