Author: Kryptonews

Shares in the livestreaming and e-commerce company GD Culture Group fell 28% on Tuesday after announcing a share deal to acquire all the assets from Pallas Capital Holding, including 7,500 Bitcoin.GD Culture will issue nearly 39.2 million shares of its common stock in exchange for all Pallas Capital’s assets, including $875.4 million worth of Bitcoin (BTC), the firm said on Tuesday. The deal was made last Wednesday.GD Culture’s CEO and chairman, Xiaojian Wang, said the deal would “directly support” its plan to build a “strong and diversified crypto asset reserve” while benefiting from Bitcoin’s growing institutional acceptance as a reserve…

The Federal Reserve’s (Fed) September 17 policy meeting is shaping up to be one of the most consequential for risk assets this year, with crypto traders bracing for volatility. Markets are overwhelmingly pricing in a rate cut, but the scale of that move, whether 25 basis points, 50 basis points, or the unlikely scenario of no change, could spark very different reactions in Bitcoin and altcoins. The 25 Basis Point Baseline Most analysts see a quarter-point cut as the base case. Charlie Bilello noted that the Fed Funds Rate is expected to be cut 25 bps this week.Sponsored Sponsored Meanwhile,…

The Avantis perpetuals exchange on the Base network is gaining big milestones in its development. Let’s take a closer look at this protocol, how it works and its key features.What is Avantis?Avantis AVNT is a new kind of decentralized perpetuals exchange. It runs on Base, Coinbase’s Ethereum Layer-2 network, but it doesn’t stop at crypto. Unlike most DeFi platforms, Avantis lets you trade real-world assets too: forex pairs, gold, oil, and even stock indices.Think about it this way: you could long Bitcoin, short the Japanese yen, and hedge with crude oil futures, all from your crypto wallet, without middlemen. No account…

The idea of XRP reaching $100 is currently one of the most debatable of our cryptocurrency times. XRP was one of the longest runners in cross-border payments, but there is competition, regulatory challenges, and market volatility to consider whether it is in its own good.  This XRP Price Prediction explores whether or not such a milestone is possible and what it means for investors based on new developments such as Remittix (RTX) that are transforming digital finance. XRP Price Prediction and Market Climate XRP has been an established remittance player globally for several years now and is among the most…

The US Securities and Exchange Commission streamlining the approval process for crypto exchange-traded products (ETPs) may trigger a surge of new offerings, but that doesn’t guarantee their success, a crypto executive warns.“The adoption of generic listing standards — which could come as early as October — will likely usher in a ton of new crypto ETPs. This is intuitive, but it’s also backed up by ETF history,” Bitwise chief investment officer Matt Hougan said in a report on Monday.However, Hougan warned that the launch of a crypto ETF should not be confused with renewed hype for cryptocurrency. Crypto ETFs’ “mere existence”…

A new Korean drama named To The Moon, featuring stars like Lee Sun-bin, Jo A-ram, Ra Mi-ran, and Kim Young-dae, will focus on the plight of retail crypto investors.The drama will air on MBC, one of South Korea’s biggest terrestrial broadcast networks, in the prime-time 10 pm Friday and Saturday slot.The first episode will air on September 19, and the drama is based on a hit novel by Jang Ryu-jin.The South Korean news agency Yonhap reported that the production team behind the drama explained that the three main characters, played by Lee, Jo (formerly of the K-pop group gugudan), and…

Bitcoin mining remains one of the most popular ways to generate cryptocurrency rewards. With the rise of cloud mining apps and services, mining Bitcoin has become more accessible than ever. Gone are the days when only experts with expensive hardware could participate. Today, anyone with a smartphone or computer can join mining networks and claim free Bitcoin daily through trusted platforms.As we step into 2025, a new generation of Bitcoin mining apps is trending worldwide. These platforms simplify the mining process by offering cloud-based hashpower, user-friendly interfaces, and transparent profit distribution. In this article, we present the Leading 10 Trending…

Ethereum has shown signs of strength after completing a healthy pullback. Having met and retested its $4,811 target, ETH is now holding firm, suggesting the correction phase may be over. If buyers regain control, the path could open for a powerful rally in the near term. Ethereum Pulls Back, But Bullish Signals Confirm Strength Javon Marks, in his most recent update, emphasized that ETH reached the $4,811.71 target before entering a pullback phase. Despite the temporary dip, bullish signals have re-emerged, indicating that ETH has regained strength and could soon retest this important level.  He noted that surpassing the $4,811.71…

Bitcoin’s MACD Golden Cross: More Than Just TA Magic?As the cryptocurrency market navigates through a complex web of regulatory scrutiny, macroeconomic fears, and global tensions, Bitcoin (BTC) has quietly formed a bullish technical pattern that many seasoned traders view as significant—the elusive MACD golden cross. While retail sentiment remains cautious and broader markets wobble amid confusion, this rare momentum signal could be offering a glimpse into Bitcoin’s next major move: a potential rally targeting $160,000 by October 2024. But can this technical pattern be trusted? Or is it yet another indicator that only the most informed will recognize in hindsight?Understanding…

Key Highlights:  SharpLink repurchases 1,000,000 $SBET shares as per their buyback program.  The company currently holds 838,152 ETH and it has earned 3,240 ETH in staking rewards.  ETH concentration rose by 99% since June 2 to 3.97.  SharpLink (Nasdaq: SBET), a publicly traded company that has moved from gaming technology to a crypto-focused model, holding and staking Ethereum as its core treasury asset, is buying back more of its own shares and is increasing its Ethereum holdings. This move will strengthen its position as a rare public company that connects traditional stocks with the blockchain world. SharpLink announces repurchase of…