Crypto News
AI Coins Surge: FREYA Leads the Charge, FET Outperforms Global Crypto Market
Artificial intelligence (AI) agent coins, particularly FREYA, have seen significant price surges in recent days. FET Outperforms Global Crypto Market AI agent coins have surged in recent days, with Freya by Virtuals (FREYA) leading the charge. On Dec. 4 at 6.40 am EST, FREYA jumped 171%, reaching a price of $0.002536. This represented a 295.02%Source link
One Year of Javier Milei: Why Argentinian Crypto Folks Can’t Get Enough of Him
It has been almost exactly a year since Javier Milei became the 59th President of Argentina.Inaugurated on December 10, 2023, the flamboyant libertarian economist — a former goalkeeper who cloned his dogs and called central banks “the worst garbage that exists on this Earth” — had vowed to end the South American nation’s hyperinflation crisis and to drastically reduce government spending.Since then, Argentina’s monthly inflation rate has fallen from 25.5% in December 2023 to 2.7% last October. The government has registered a fiscal surplus for nine months in a row, a substantial achievement considering it’s been running deficits since 2008. The Argentinian peso isn’t in freefall against the U.S. dollar anymore. And while the country’s economy is projected to have...
Monero Surges to Two-Year High of $211 as Privacy Coins Heat Up
Monero's upward momentum comes as the wider privacy coin sector has heated up following a key court ruling on coin mixer Tornado Cash.Source link
Binance Futures Introduces KAIAUSDT and AEROUSDT Perpetual Contracts with 75x Leverage
Binance Futures announces the launch of KAIAUSDT and AEROUSDT perpetual contracts, offering up to 75x leverage, to enhance trading options for users. (Read More)Source link
Recent Inflows Into Spot Bitcoin ETFs Could Be Purely Directional Plays: Van Straten
The bitcoin market is seeing unusual activity, hinting at increased adoption of the U.S.-listed spot ETFs for purely directional plays rather than arbitrage strategies.Since Nov. 20, the ETFs have seen strong daily uptake — other than Nov. 25 and 26 — capturing over $3 billion in net inflows, according to data source Farside Investors. On Tuesday, BlackRock's IBIT registered a $693.3 million net inflow, the most since in the period, bringing the lifetime tally to $32. 8 billion.Meanwhile, open interest in CME futures has declined by almost 30,000 BTC ($3 billion) to 185,485 BTC, according to data source Glassnode.The divergence is unusual and might be a sign of market participants buying the ETFs as outright bullish plays rather...