Author: Anthony M. Orbison
contributor Posted: December 17, 2024 Whale dominance in Ethereum pointed to strong bullish sentiment and potential price growth Concentrated holdings raised concerns about liquidity risks and potential market corrections Ethereum [ETH] whales are increasingly dominating the network, with 104 wallets now holding over 100,000 ETH, accounting for more than 57% of the total supply. This significant shift in Ethereum’s distribution raises important questions about its future, particularly regarding market control and price movements. As these whales continue to accumulate, their growing dominance points to strong bullish sentiment. However, with such concentrated holdings, how might this influence Ethereum’s price trajectory moving…
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By Helen Coster and Jack Queen NEW YORK (Reuters) – President-elect Donald Trump on Monday stepped up his legal threats against news outlets and said he would also consider suing social media influencers and others for defamation, two days after ABC News agreed to settle a lawsuit with him. “It costs a lot of money to do it, but we have to straighten out the press,” Trump told reporters at his Mar-a-Lago resort. Some legal experts say Trump’s comments and legal actions risk chilling news coverage of the incoming administration even if legal protections for journalists are for now robust. …
Ripple (XRP) has lately been one of the central cryptocurrency tokens attracting heavy volume. The token is up for a massive haul, a transformation that may help the XRP soar to new highs. Ripple is all set to unveil its stablecoin RLUSD on December 17, grabbing immense attention for its much-hyped stablecoin launch. Will this launch help XRP achieve new price highs?Also Read: Dogecoin: New Price Forecast Predicts Doge To Claim $3 – Here’s How?XRP Gears Up To Launch RLUSDSource: RippleRipple is all set to launch its highly anticipated stablecoin RLUSD in the market. This new stablecoin is all set…
(Bloomberg) — Treasury 10-year yields (^TNX) may climb to 6% for the first time in more than two decades as US fiscal woes worsen and Donald Trump’s policies help keep inflation elevated, according to T. Rowe Price. Most Read from Bloomberg The benchmark yield may first reach 5% in the first quarter of 2025 before potentially climbing further, Arif Husain, chief investment officer of fixed-income, wrote in a report. Husain is doubling down on calls for higher yields, citing persistent US budget deficits as Trump cuts taxes during his second presidency, as well as potential tariffs and immigration policies that…
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President-elect Donald Trump’s crypto project World Liberty Financial (WLFI) is loading up on decentralized finance (DeFi) altcoins, on-chain data shows. Blockchain intelligence platform Arkham reports that WLFI’s treasury acquired $50 million worth of different DeFi coins in preparation for its launch. “UPDATE: DONALD TRUMP’S WORLD LIBERTY FI ACQUIRED $50 MILLION OF DEFI COINS The World Liberty Finance Treasury just acquired: $35 million of ETH/WETH$10 million of cbBTC$1 million of LINK$1 million of AAVE Is Trump long DeFi?” Source: Arkham/X WLFI went live with its token sale in October. The project originally said that 63% of all WLFI would be sold…
Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election means for Washington and the worldA rising tide is lifting all megayachts. As growing net worth goes, however, Elon Musk is in a category of one. Since Donald Trump won re-election on November 5, Musk’s wealth has leapt by roughly two-thirds to $440bn. At this rate, he will comfortably become a trillionaire during Trump’s presidency. Laggards, such as Meta founder Mark Zuckerberg and Amazon’s Jeff Bezos, are getting in on the act. Both have given $1mn to Trump’s inauguration committee, a traditional way of currying…
By Casey Hall, Roushni Nair and Rishav Chatterjee (Reuters) -Alibaba Group said on Tuesday it would sell its Chinese department store unit Intime and book a $1.3 billion loss from the deal, as the retail giant reshuffles its business portfolio to focus on its core e-commerce operation. The sale marks a further acceleration of Alibaba (NYSE:)’s restructuring after the group split into six business units last year in its biggest-ever revamp and announced a series of top management reshuffles afterwards. The company last month unveiled a plan to integrate its domestic Chinese and international e-commerce platforms into a single business…
Bitcoin and Ethereum whales are looking to capitalize on the market-wide downturn as the leading assets are trading at a discount. Bitcoin (BTC) fell 1.4% in the past 24 hours and is trading at $97,300 at the time of writing. The flagship cryptocurrency touched an all-time high of $103,700 last week. Ethereum (ETH) dropped 3.3% and is currently changing hands at $3,750 — the leading altcoin broke the $4,000 mark on Dec. 6 for the first time in nine months. As both of the leading assets witnessed price drops, whales started to accumulate. According to data from the market analytics…