UAE Law Pulls DeFi, Web3 Into Regulatory Scope

Today in crypto: A new financial law in the United Arab Emirates is set to bring decentralized finance (DeFi) and the broader Web3 industry under regulatory parameters, crypto projects saw their second-best quarter of venture capital funding since Q3 2022, and Japan’s financial regulator is preparing to require exchanges to hold liability reserves for customer…

Bitcoin Supply Migration Hits Historic Levels Ahead of Fed Decision

A historic shift in Bitcoin ownership unfolded during the latest market downturn, while the broader crypto market remained tied to uncertainty over a possible US Federal Reserve rate cut in December. Over 8% of the total Bitcoin (BTC) supply changed hands in the past seven days, making the current market decline “one of the most…

Crypto Markets Today: Bitcoin Leads Rebound, Altcoins Rally During Longer-Term Downturn

Bitcoin recaptured $87,000 on Tuesday as improving risk appetite and a strong equities session helped lift major altcoins. Source link

Crypto Sees VC Revival With Q3 Investments Hitting $4.65B

Crypto-focused venture capital investment reached $4.65 billion in the third quarter, the second-highest amount of activity since crypto exchange FTX collapsed in late 2022 and decimated venture bets on crypto. Galaxy Digital’s head of research, Alex Thorn, said in a report on Monday that Q3’s venture bets were a 290% quarter-on-quarter jump and the largest…

Crypto Whale Who Profited $200M From October Crash Opens $44.5M ETH Long

The infamous Hyperliquid “OG Whale” who made nearly $200 million from the Oct. 10 market crash, alongside a few other successful plays, has loaded up $44.5 million in Ether longs. The whale, known by some as the “$10B HyperUnit Whale,” who has yet to be officially identified, added $10 million to an existing long position…

Solana DePIN Project Fuse Secures No-Action Letter From SEC

The SEC has just issued its second “no-action letter” toward a decentralized physical infrastructure network (DePIN) crypto project in recent months, giving its native token “regulatory cover” from enforcement. The no-action letter was sent to the Solana DePIN project Fuse, which issues a network token, FUSE, as a reward to those actively maintaining the network….

Bitcoin Steadies Above $86K as Dollar Hits 100

Bitcoin (BTC) held above $86,000 on Monday after recovering steadily over the weekend from Friday’s flush to $80,600, its lowest price since April. The rebound came as traditional markets opened the week on a cautious footing, with the US Dollar Index (DXY) steady above 100, hovering near a six-month high. Key takeaways: The US Dollar…

Exodus Uses Bitcoin to Fund $175 Million Onchain Payments Push

Crypto wallet provider Exodus plans to use its Bitcoin reserves to finance a major push into onchain payments, striking a $175 million deal to acquire W3C Corp, the parent company of payment infrastructure providers Monavate and Baanx. The agreement, announced on Monday, marked a major shift in strategy for the NYSE-listed company. By bringing Monavate…

Bitcoin Metrics Start to Mirror End of 2022 Bear Market

Bitcoin (BTC) risk-reward has delivered a rare bullish signal as multiple metrics flip green. Key points: Bitcoin price metrics are showing multiyear opportunities when it comes to risk versus reward. While not a guarantee that the BTC price bottom is in, the odds for buyers are “becoming more attractive.” Data is increasingly mimicking the end…

Bitcoin’s Sharp Drawdowns Are Healthy and Expected: Pompliano

Institutional investors new to crypto may have been caught off guard by Bitcoin’s volatility, and has put downward pressure on its price, according to crypto entrepreneur and investor Anthony Pompliano. During an interview on CNBC’s Squawk Box on Monday, Pompliano said Bitcoin (BTC) draws down roughly once every 1.5 years, and the recent slump isn’t…