President Donald Trump has announced an oil agreement that would give the United States a 55% effective output share in a new venture controlling 65 billion barrels of Venezuelan reserves. Summary The planned venture covers 17 Venezuelan oil fields with an estimated 65 billion barrels. A U.S. official said the United States would receive equity…
“Major countries have built complete valuation, reserve, and trading systems around gold, so a shift to Bitcoin will not happen overnight,” he said. Changpeng “CZ” Zhao made headlines earlier this week after stating Bitcoin (BTC) will reach $1 million, and that the climb will not take 25 years. “I think for Bitcoin to hit…
NFT sales volume fell 44.70% to $63.33 million over the past seven days, even as the number of buyer and seller addresses increased sharply across the market. Summary NFT sales fell 44.70% to $63.33 million, while transactions declined 14.13% to 802,330. Buyer addresses rose 30.48% to 227,316, while seller addresses climbed 54.64% to 247,373. Ethereum…
The total crypto market cap shed over $80 billion after the Jackson Hole speech by Kevin Warsh. Bitcoin’s price rally that drove it past $81,000 on a couple of occasions in the past week came to a halt after the hawkish stance by the new Fed Chair displayed yesterday, and the asset slipped to…
In this week’s edition of the weekly recap, Bitcoin returned to $80,000 after its strongest rally in more than three years, although traders struggled to push the price through $82,000. Federal Reserve Chair Kevin Warsh later pressured risk assets with a warning that interest rates could rise, while Bitwise’s Solana staking ETF became the first…
Another Trump-themed digital asset delivered an expensive and painful lesson to traders chasing quick gains through meme coins. A newly launched meme coin on Solana briefly attracted millions in trading activity after it appeared on a Trump-linked X account. Trump Digital Gold (GOLD) was published and promoted on the X account @realtrumpcoins1, which is…
An ongoing attack against Solana-based crypto card platform Avici has reportedly drained more than $1 million from user collateral accounts while sending its AVICI token to an all-time low. Summary The suspected attacker held 10,005 SOL and about $11,600 in stablecoins at one checkpoint. On-chain records showed repeated calls that added an administrator before collateral…
Is XRP heading for a market cap nearly 2x higher than ETH’s current one? Ripple’s native token is among the most popular cryptocurrencies, often being the object of massive price predictions. Impressive rallies like the one that took place in the past 10 days or so only fuel such forecasts. Popular analyst EGRAG CRYPTO…
HyENA has announced plans to close every market between Aug. 31 and Sept. 2 after processing more than $4 billion in trades for over 12,000 users. Summary HyENA will remove one market each hour from Aug. 31 through Sept. 2. Open positions will settle automatically, while margin will return to users’ spot balances. HLPe depositors…
BTC has reclaimed several major technical levels that previously acted as resistance, and it could resolve the remaining ones in a few days. Crypto analyst Sykodelic says Bitcoin has now cleared roughly 80% of the technical conditions needed to confirm that its recent low is in, with the final answer likely to arrive in…
