Crypto News

In a shifting landscape for cryptocurrency exchange-traded funds (ETFs), Bitcoin (BTC) and Ethereum (ETH) spot ETFs experienced net outflows last week, totaling $87.77 million for BTC and $65.59 million for ETH. Conversely, Solana (SOL) and XRP spot ETFs attracted significant net inflows of $20.3 million and $230.74 million, respectively, signaling potential investor rotation toward alternative cryptocurrencies.

Bitcoin Cash (BCH) has emerged as the top-performing layer 1 blockchain of 2024, posting a nearly 40% price increase and surpassing major competitors like XRP, Solana, Ethereum, and others, according to data analyzed by crypto expert Crypto Koryo. This impressive rally underscores BCH's resilience and growing appeal in a competitive crypto landscape.

Blockchain analytics firm Glassnode has issued a cautionary report, highlighting that several Bitcoin onchain metrics are mirroring conditions from the onset of the 2022 bear market. Key indicators include heightened stress among top buyers and a significant increase in Bitcoin supply held at a loss, raising concerns about potential market downturns.

Prominent gold advocate and Bitcoin critic Peter Schiff has issued a public challenge to former President Donald Trump for a debate on economics, following Trump's recent jab labeling him a "loser." This escalating feud highlights the ongoing clash between traditional finance proponents and crypto enthusiasts, potentially drawing attention to Bitcoin's role in economic policy.

Traders on the decentralized prediction market Polymarket are betting heavily on a Federal Reserve interest rate cut this week, with odds now at a staggering 93%. This surge reflects growing confidence in Fed Chair Jerome Powell's potential move, which could provide a significant boost to the cryptocurrency market amid economic uncertainties.

Bittensor, the decentralized AI network, is gearing up for its inaugural halving event on December 14, which will reduce the daily issuance of its native token TAO from 7,200 to 3,600. This pivotal update emulates Bitcoin's scarcity model, signaling a key maturation step for the project and potentially impacting TAO's market dynamics.

US Senator Cynthia Lummis has revealed that former President Donald Trump is supporting her proposed legislation to have the United States purchase 1 million Bitcoin as a strategic reserve. This endorsement could significantly boost the bill's momentum, highlighting growing political interest in cryptocurrency at the highest levels.

Robinhood, the popular US-based trading platform, is set to enter the Indonesian market through strategic acquisitions of local brokerage Buana Capital and digital asset trader PT Pedagang Aset Kripto. This move marks a significant step in Robinhood's international expansion, tapping into Southeast Asia's booming crypto and stock trading scene.

In a strategic move to streamline its ecosystem, ZKsync has announced plans to deprecate ZKsync Lite in 2026, effectively sunsetting what is widely regarded as Ethereum's first zero-knowledge (ZK) rollup. This decision by Matter Labs, the team behind ZKsync, underscores the rapid evolution of layer-2 scaling technologies on Ethereum.