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SEI Skyrockets to All-Time High: Is a Bull Rally Reversal Looming?

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Sei (SEI) surged nearly 50%, hitting a new ATH of $0.355464, now the 79th largest crypto by market cap. Sei’s partnership with Circle and EVM support fuels momentum, with trading volume up 413% and social volume soaring 154%. Bullish momentum in the SEI/USD clashes with overbought signals hinting at potential corrections. In the last 24 hours, bullish momentum has had the upper hand in the Sei (SEI) market, which has seen a 50% increase in value. Consequently, the digital currency skyrocketed to $0.355464, marking a notable all-time high (ATH). At press time, SEI was exchanging hands at $0.348876, a 46.69% surge from the intra-day low. This surge has propelled Sei’s market capitalization to $772,043,882, positioning it as the 79th largest cryptocurrency in market cap. SEI/USD 24-hour price chart (source: CoinStats) Trading Volume and Social Engagement Skyrocket  Additionally, Sei’s trading volume has significantly surged by 413% i...

US Court approves settlement between Binance and CFTC

A U.S. court has ruled in the case of the largest crypto exchange, Binance. The U.S. District Court for Northern Illinois approved a previously announced settlement . It concluded the enforcement action first taken by the CFTC in November. The document states that former crypto exchange CEO Changpeng Zhao and Binance will pay fines of $150 million and $2.7 billion, respectively, as part of a settlement with the Commodity Futures Trading Commission (CFTC). “The court finds Zhao and Binance violated the Commodity Exchange Act (CEA) and CFTC regulations, imposes a $150 million civil monetary penalty personally against Zhao, and requires Binance to disgorge $1.35 billion of ill-gotten transaction fees and pay a $1.35 billion penalty to the CFTC.” Court statement The approved settlement agreement marks the settlement of the conflict between the regulator and the trading platform. The commission indicted Binance and Zhao in March 2023 for evading federal law and operating an il...

Bitcoin Layer Stacks Sets Record With 10,371 Transactions in a Single Block

Stacks achieved a milestone with 10,371 transactions in block 132,377, attributed to STX20 inscription minting. Stacks native token, STX, saw a 13% increase in value due to the surge in transaction activity. Crypto investor Crypto Tony sees potential for STX expansion, suggesting a bullish outlook above $0.88. According to the latest on-chain data, the Bitcoin smart contract layer Stacks achieved a significant milestone by recording 10,371 trans action s in block 132,377. The Bitcoin smart contract layer Stacks contained 10,371 trans action s in block 132,377, or the most trans action s ever in a block on Stacks, driven primarily by STX20 inscription minting activity on the Stacks. Stacks token STX also gained 8% as a result. https://t.co/2qMEh3AJ1j — Wu Blockchain (@WuBlockchain) December 18, 2023 This notable number was shared by Chinese journalist Colin Wu and has been attributed to the vigorous activity related to STX20 inscription minting on t...

CertiK’s Discord link briefly redirected to fake server with malware, reports say

As per multiple reports on X, CertiK’s official website temporarily featured a Discord link, which redirected users to a fake server with malicious malware . In a recent security incident, a Discord link has been featured on the website of a security blockchain auditing firm Certik, which led users to a fake server with malicious malware . According to blockchain community members @PopPunkOnChain and @Burnttoken, who brought attention to the discovery, the fraudulent server hosted a counterfeit CollabLand bot and malicious software designed to steal assets from crypto wallets. @CertiK The discord link on your website links to a fake discord server with a fake version of @Collab_Land_ that hosts a wallet drainer. Is the Certik team complicit? pic.twitter.com/Fp8Sk4Kf1t — Burner (∞) (@Burnttoken) December 17, 2023 You might also like: CertiK reports a critical security vulnerability in Solana’s Saga phone Crypto.news couldn’t immediately confirm nor d...

BRICS Working on a ‘Fair World Order’ to End US Dollar Dominance

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BRICS is sharpening the axe to end the traditional financial world order that is dominated by the US and other Western allies. Developing countries are looking to create their own financial institutions by cutting ties with the US dollar. The traditional world order is being challenged by BRICS who want to dominate the global financial sector by putting an end to American supremacy. Also Read: BRICS : Russian Oil Exports to India Rise 2,200%, Saves Them $7 Billion Russia’s President Vladimir Putin criticized the US and the West on Friday for demanding a “ rules-based world order” . Putin slammed the West and warned that their domination would not last long. He stressed that the 16th BRICS summit in 2024 in the Kazan region of Russia will bring positive changes to the alliance. BRICS: A ‘Fair World Order’ is Coming To End US Dollar Supremacy, Says Putin Source: iStock In a criticism of the US, Putin warned that BRICS is working towards the form...

Finance titan BlackRock is actively investing in Bitcoin mining companies – report

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BlackRock (NYSE: BLK) is the largest asset manager in the world, with $9.42 trillion in assets under management (AUM). Meanwhile, Bitcoin (BTC) is the largest cryptocurrency, with $827 billion in market capitalization. Notably, BlackRock has shown a growing interest in cryptocurrencies, particularly in Bitcoin. On August 28, Finbold reported BlackRock as a major shareholder in 4 of the 5 largest Bitcoin miners. The company has also applied to launch a spot Bitcoin ETF through its ETFs arm, iShares. In the meantime, the finance titan has actively increased its position in publicly traded Bitcoin mining companies in the United States. Interestingly, BlackRock is a major shareholder in all US-based public Bitcoin mining companies except for Core Scientific Inc (OTCMKTS: CORZQ). According to data from CompaniesMarketCap on December 16, Marathon Digital Holdings (NASDAQ: MARA) is the largest Bitcoin mining company with a $4.07 billion market cap. Riot Blockchain (NASDAQ: RIOT) follows ...

Bitget announces listing of TonUP on Launchpad

Victoria, Seychelles, December 15th, 2023, Chainwire Bitget, the world’s leading cryptocurrency exchange and Web3 company, announced it will list the initial exchange offering (IEO) of the high-potential blockchain project TonUP on its Bitget Launchpad platform. TonUP is an outstanding Launchpad running on the TON blockchain dedicated to discovering and fostering projects that present new opportunities to the community. Since launching, TonUP has received support from the TON Foundation, TONcoin.Fund, and ForesightX. TonUP’s mission is to support assets with great potential on TON and contribute to the ecosystem’s development. During the commitment period, users can commit Bitget’s native token BGB to participate in the TonUP IEO. The BGB swap price will be announced after the holding calculation period ends. Upon closing the commitment window, TonUP tokens will be allocated to each user based on their committed BGB. Gracy Chen, Managin...

SOL dips 10% but recovers as GFOX cruises to $1 million

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Solana ($SOL), had a sharp increase in value and momentarily approached the $80 threshold before running into bearish resistance. As the cryptocurrency is now experiencing a drop, investors are closely monitoring the $65 support level. Meanwhile, the new altcoin Galaxy Fox ($GFOX) reached a phenomenal milestone — raising $1 million in the first few weeks of the presale. Why is selling pressure hitting $SOL, and why are so many investors rushing to $GFOX? Let’s find out. Solana price analysis Solana has had a significant upswing in the last few days, breaking over the critical $65 barrier level. This surge followed the same upward trend seen in Ethereum and Bitcoin, highlighting the strength of positive sentiment seen in the crypto industry. $SOL even broke beyond the $72 barrier during this time, peaking at around $77.72. But finally, the bears rallied, and the price of $SOL fell as a correction. The digital currency fell below $72 and is now ...

Dogecoin Rival BONK Surpasses Shiba Inu in Trading Volume As Price Leaps Over 40% in 24 Hours: CoinMarketCap

The Solana (SOL)-based dog-themed meme asset Bonk (BONK) has surpassed rival Shiba Inu (SHIB) in daily trading volume as its price jumps over 40% in just 24 hours. New data from crypto data aggregator CoinMarketCap reveals that the Dogecoin (DOGE) competitor has seen a staggering 71.8% increase in daily trading volume, bringing its total to about $311 million. In comparison, Shiba Inu has seen its 24-hour trading volume spike by 29.6%, bringing its total to $232. million. Furthermore, the information shows that BONK has also seen a 58.7% spike in market cap, making it the 68th-ranked digital asset. Recently, top-US-based crypto exchange platform Coinbase announced that it will be adding the red-hot meme coin to its altcoin listing roadmap, which alerts traders that Coinbase could soon start supporting a specific digital asset. Coinbase created the listing roadmap in 2022 as a means of increasing transparency and reducing the risk of investors front-running new t...

Ex-Goldman Sachs Executive Says He’s Long XRP After Pouncing on ‘Opportunity of a Lifetime’

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Former Goldman Sachs executive Raoul Pal says he’s betting on XRP. In a new interview with attorney John Deaton, the Real Vision chief executive says he bought the asset after the U.S. Securities and Exchange Commission (SEC) sued Ripple and claimed XRP was an unregistered security. “When you see something like that, it’s like, ‘Okay, now the price has been massively discounted. We know it’s a real thing, half the people have been shut out of the market, this is the opportunity of a lifetime.’ So that’s when I bought it. And I’ve held it ever since.” Pal says he bought XRP for the same reason he purchased Ethereum (ETH) challenger Solana (SOL). “The crisis arrives. The price gets absolutely smashed, but I can see that there is a vibrant community with real use cases of the chain going on. It’s not ghost use, it’s real use, so in which case, time to put your capital at work. Simple as that....

Giddy integrates Stripe to expand crypto purchase options

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company. In a press release shared exclusively with crypto.news on Dec. 13, Giddy, a self-custody smart wallet that facilitates seamless access to decentralized finance (defi) earning opportunities, said it is integrating Stripe, a payment provider, for users to purchase coins directly from their mobile app. This deal also aims to enhance the user experience and expand crypto accessibility for a broader audience. You might also like: Defi lenders and crypto bridges lead exploits in 2023 With Stripe’s payment gateway, encompassing bank transfers, cards, Apple Pay, and other supported methods, Giddy users now have several options for purchasing cryptocurrencies. Notably, this integration aligns with Giddy’s mission to make digital assets more accessible to individuals...

Binance Wants SEC Lawsuit Dismissed, Argues Regulator Fails To Meet Legal Requirement

Binance asked for a lawsuit brought against it by the US Securities and Exchange Commission (SEC) to be dismissed, arguing that its case failed to meet the requirements of the so-called ”Howey Test.” Binance, Binance.US and former CEO Changpeng Zhao argued in December 12 filings that the SEC had failed to show that it had contracts with US customers that could be defined as an ”investment contract” as detailed by the legal definition in the Howey Test. ⚡️Binance Affirms SEC Has No Right to Use Agreement with Department of Justice to Proceed with Charges 🚫 ⚡️ Binance, one of the leading cryptocurrency exchanges, has officially declared that the United States Securities Commission (SEC) has no legal basis to use Binance's… pic.twitter.com/HGiXos7yuR — Sophia Kong (@Sophiakong789) December 13, 2023 In June, the SEC alleged that the two Binance entities facilitated the trading of unregistered securities when it lis...

LFi and Luiz Góes: Pioneering a New Era in Fintech

Visionary Leadership: Luiz Góes at the Forefront of LFi Innovating for a Decentralized Future: Under the leadership of Luiz Góes, LFi ( www.lfi.io ) has embarked on a journey to redefine the blockchain and fintech realms. Góes, a seasoned executive with a rich background in business management and fintech, founded LGbank in 2020. His visionary approach focuses on leveraging tokenization through crowdfunding, marking him as a pioneer in the financial technology sector. Driving Strategic Fintech Initiatives: Góes’ expertise extends to steering fintech operations and digital business consultancies. His approach to developing and designing business tokenization projects emphasizes project implementation and profit sharing based on innovative crowdfunding models. His advisory role in altcoin and token projects reflects his depth of understanding and strategic acumen in the crypto landscape. LFi’s Strategic Vision Under G...

Can El Salvador’s ‘Freedom Visa’ Reach Full Capacity Before Year’s End?

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In a daring initiative to appeal to cryptocurrency enthusiasts, President Nayib Bukele of El Salvador introduced the “Freedom Visa” program on Dec. 7, with the goal of attracting 1,000 affluent individuals each year. Despite the influx of hundreds of inquiries and “many dozens of applications,” doubts persist about the program’s viability, particularly due to the substantial $1 million price tag associated with the citizenship-by-donation initiative. A representative from El Salvador ’s National Bitcoin Office (ONBTC) reported that the $1 million Freedom Visa program has garnered substantial interest. The region has received hundreds of inquiries and “many dozens of applications.” This has been done through online channels and in-person submissions at embassies and consulates since its initiation. Overview of the Program Administered by El Salvador ’s ONBTC in partnership with stablecoin issuer Tether, the Freedom Visa provides a...

Crypto Analyst Michael Van de Poppe Predicts 30% Rally For Pepe; Illuvium and Meme Moguls Ready To Rally

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In a recent post, famous analyst Michael Van de Poppe said he believes Pepe is set to rally soon alongside Meme Moguls and Illuvium. Their current price movements have made them the top crypto to buy. Let’s learn more about them. >> Can You Predict The Next 1000x Meme Coin? Become A Meme Mogul Today << Pepe (PEPE) is the Next Dogecoin, According To Michael Van de Poppe Cryptocurrency analyst and trader Michael Van de Poppe has forecasted a 30% price surge for Pepe coin (PEPE) to reach the $0.000002000 level. The chart he shared on X shows the current entry zone for PEPE is between $0.000001285 and $0.000001350.  The analyst dubbed Pepe the “next DOGE.” The Pepe crypto gained significant momentum after its launch in April 2023, delivering impressive returns of more than 1,170% for investors during its initial two weeks. However, following its launch and initial excitement, the price of PEPE coin plummeted to re...

Gold and Bitcoin down; Is the S&P 500 next?

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Amid the period that has seen Bitcoin (BTC) and gold experience losses in value, investors might wonder whether the stock market will face the same fate or whether the S&P 500 will manage to weather the storm. With the negative correlation between the value of gold and the stock market, the outlook looks promising. Often, throughout history, when the price of gold goes down, the stock market experiences gains, and vice versa, as seen in the post on X from Ali Martinez on December 12. Price chart of gold, Bitcoin, and the S&P 500 index. Source: Ali Martinez In contrast to the prevailing optimism, JPMorgan’s chief global equity strategist forecasted a substantial downturn, projecting the S&P 500 to drop to 4,200 by the end of 2024. Citing economic indicators such as slowing global growth, dwindling household savings, and persistent geopolitical risks, the strategist presented a forecast that diverges from the prevailing bullish narrative, raising eyebrows among observers...

Is Domino's Open on Christmas?

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The holidays are a time of family, fun, and hecticly seeking out what retail stores or restaurants are open on December 25. Indeed, the Christmas season presents a much-needed time away from work for many, but we ask if Domino’s is open on Christmas for those seeking some pizza during the holidays. Domino’s has emerged as one of the most popular pizza restaurant chains in the United States. Moreover, with more than 6,700 locations in the country, it is typically close enough to have a signature Domino’s pizza delivered to your doorstep. However, with the holidays right around the corner, that can become a little more tricky. Many different restaurants boast their hours during the holiday season. So, amid all of the varying answers, we take a look at Domino’s and see if it’s operating on Christmas day. Is Domino’s Open on Christmas Day? Merry Christmas from your local Domino's store! &#127877;&#127829; pic.twitter.com/ZA2OSFFF7y — Do...

The global metaverse gaming market set to surge 1085.92% by 2030

Metaverse gaming market is poised to surge from $14.2B in 2023 to $168.4.21B in 2030. Driven by AR, VR, and blockchain, this technological revolution is reshaping the gaming experience. The projected growth unleashes economic opportunities, with virtual assets, currencies, and services gaining real-world value. The metaverse gaming market denotes a virtual space where players engage in real-time interactions, bridging the gap between physical and digital realms. Fueled by technological advancements such as augmented reality and blockchain, the metaverse in gaming has already transformed the landscape of interactive digital experiences.  According to CoinJournal.net , the global metaverse gaming market is set to experience a significant change, with projections indicating a substantial leap from $14.2 billion in 2023 to a staggering $168.4 billion by 2030. This astronomical growth represents a surge of 1085.92%, ushering in a new era for the digital gami...

Pudgy Penguins announce Webkinz-like online game will launch in 2024

NFT toys startup Pudgy Penguins has set its sights on joining the virtual gaming industry with the Webkinz-like experience, a game the creators have named “Pudgy World.” Pudgy World Alpha, powered by @zksync, releasing Q1 of 2024. The beginning of a new era of blockchain-backed experiences, with the goal of onboarding millions, brought to you by Pudgy Penguins. pic.twitter.com/ZvCRRGSUSH — Pudgy Penguins (@pudgypenguins) December 10, 2023 According to the company’s CEO Luca Schnetzler, the interactive virtual world powered by zksync will launch its alpha mode sometime in 2024, specifically before April, and will be available to Pudgy Penguin NFT holders.  They’ll be chilling in “Pudgy World” – an interactive digital playground for Pudgy Penguins NFT holders and toy owners as well as the uninitiated. The platform’s early-access version will launch sometime before next April, offering players both narrative-driven and open-ended gameplay options...

US, South Korea and Japan collaborate to tackle North Korea cyberattacks

National security officials in the U.S., Japan, and South Korea are working together on a trilateral initiative to address increasing cyber criminal activities and cryptocurrency money laundering by North Korea.  According to Bloomberg, the three countries also discussed North Korea’s relationship with Russia. The U.S. and South Korea previously alleged that the Democratic People’s Republic of Korea (DPRK) was providing ammunition for Russia in its invasion of Ukraine, while Moscow in turn was supporting the DPRK’s military operation.  Meanwhile, North Korean-sponsored hackers such as Lazarus Group have been behind some high-profile hacks in the crypto industry that affected platforms such as Axie Infinity and Harmony, resulting in the loss of millions of dollars.  You might also like: North Korean ties suspected in Indexed Finance treasury attack According to earlier claims by the U.S. government, North Korea was channeling illicit funds from crypto...