News with the tag "Cryptocurrency News"

Galaxy Digital CEO Mike Novogratz predicts Bitcoin could reach $1,000,000 per coin and potentially overtake gold's market value, citing favorable policy shifts and institutional inflows.

The latest US economic data, including lower consumer confidence and higher inflation expectations, does not favor cryptocurrencies, making a positive economic outlook for them challenging.

XRP's price action this week has been marked by significant whale accumulation despite a sharp market-wide selloff, with large holders purchasing substantial amounts of XRP during the dip.

Hyperliquid’s decentralized perpetual exchange has achieved a record 6.1% market share against centralized exchanges, driven by its unique tokenomics and lack of early-stage VC involvement.

The Hong Kong Securities and Futures Commission (SFC) has issued new directives to strengthen crypto asset security by requiring virtual asset trading platforms (VATPs) to reassess custodian practices, aiming to establish measurable discipline in the industry.

Peter Schiff argues that tokenized gold will surpass Bitcoin in value and utility, citing its tangible linkage to real gold as a more robust foundation compared to Bitcoin and fiat-backed stablecoins.

The cryptocurrency market has reached a new all-time high, led by Bitcoin and Ethereum, with significant gains and corporate investments, though some analysts caution about the lack of underlying stability and structural commitment.

Crypto markets experienced significant volatility due to higher-than-expected U.S. Producer Price Index (PPI) data, leading to over $1 billion in leveraged position liquidations and fears of delayed Fed rate cuts.

Mysten Labs, the developer of the Sui network, has appointed former Goldman Sachs executive Mustafa Al Niama as head of capital markets to strengthen blockchain integration with traditional finance.

Pantera Capital CEO Dan Morehead advocates for the U.S. to replace its $600 billion gold reserves with Bitcoin, though no official policy changes have been announced.