Author: CryptoHoppers

TLDR Michael Selig’s nomination to lead the CFTC advanced in the Senate Agriculture Committee by a 12-11 vote. Lawmakers are considering expanding the CFTC’s regulatory authority over digital assets through proposed legislation. Selig did not commit to immediate funding increases but stated he would assess the agency’s needs if confirmed. Selig emphasized the importance of clear crypto regulations that protect consumers and support innovation. The full Senate will now vote on Selig’s confirmation as CFTC chairman following the committee’s approval. The Senate Agriculture Committee on Thursday voted 12–11 to advance Michael Selig’s nomination to lead the CFTC. The vote followed…

Bitcoin’s price remains under intense pressure this month, having plunged 31% from its all-time high, as exchange-traded fund outflows jumped. Summary Anthony Pompliano believes that the Bitcoin price will rebound to a record high. He noted that the recent Bitcoin crash was a healthy reset. Potential catalysts are the Fear and Greed Index, healthy open interest, and Federal Reserve cuts. Bitcoin (BTC) traded at around $87,000 on Nov. 24, up by 6.5% from its lowest level this month. While this rebound could be a bull trap or a dead-cat bounce, Anthony Pompliano and other crypto experts believe that the coin…

TLDR: Solana may reduce roughly 22M SOL emissions, lowering future sell pressure. Doubling disinflation accelerates the 1.5% terminal inflation target for $SOL. Tighter supply could strengthen staking incentives and long-term investor confidence. Solana aims to become one of the most economically disciplined crypto networks. Solana developers have proposed a major change to the network’s tokenomics. The plan aims to double the disinflation rate, reaching the 1.5% terminal inflation target twice as fast.  This adjustment could remove roughly 22 million SOL from future emissions, cutting potential market sell pressure. The proposal signals a strategic shift toward tighter supply discipline for one…

Key Takeaways Monad’s MON token is now available on Solana through the Sunrise platform. Sunrise is a new cross-chain gateway from Wormhole Labs enabling easy asset transfers between blockchains. Share this article Monad’s MON token today launched on Solana through Wormhole Labs’ newly introduced Sunrise platform, a cross-chain gateway that enables seamless asset transfers between blockchains. The launch provides Solana users immediate access to the governance token of Monad, a blockchain project focused on high-throughput execution and scalability for decentralized applications.Sunrise serves as a liquidity gateway built on Wormhole technology, acting as the primary route for bringing external tokens like…

TLDR: Bill proposes letting Americans pay federal taxes in Bitcoin through a structured reserve plan. Strategic Bitcoin Reserve would store all Bitcoin tax payments as long-term federal assets. Proposal cites Bitcoin’s scarcity and inflation resistance as core reasons for the reserve. The bill aims to keep the United States competitive as major nations accumulate Bitcoin. A new proposal in Washington aims to let Americans pay federal taxes using Bitcoin. The Bitcoin for America Act was introduced this week by Rep. Warren Davidson.  The measure directs all Bitcoin tax payments into a Strategic Bitcoin Reserve. The proposal seeks to strengthen financial…

Discontent with the two-party system is reaching a rolling boil, and several forces—from party rebranding debates to congressional feuds and billionaire-sized ambitions—are fueling talk that America may be on the edge of a new political party. America May Be on the Brink of a New Political Party A growing chorus of activists, lawmakers, and political […] Source link

Bitwise CIO Matt Hougan believes Ethereum could lead the next crypto rally, pointing to an upgrade catalyst that investors are overlooking. Summary Bitwise CIO Matt Hougan says Ethereum could lead next crypto rally with Fusaka upgrade. The December 3 Fusaka upgrade introduces minimum Layer 2 data fee for revenue capture. Hougan sees tokens shifting to value capture with Uniswap proposing fee switch model. The Fusaka upgrade scheduled for December 3 may increase Ethereum’s revenue capture by 5 to 10 times through a minimum Layer 2 data fee. Hougan argues the market is missing a broader trend: major tokens are quickly…

Key Takeaways PORT3 token lost over 80% of its value in just over an hour. The crash was triggered by an unauthorized mint of one billion PORT3 tokens and rapid sell-offs. Share this article PORT3, the native token of Port3 Network, a project building a decentralized AI data layer that aggregates and standardizes blockchain data for AI-driven dApps and wallets, crashed more than 80% today, wiping its market cap from around $18.5 million to $3.5 million in just over an hour, according to CoinGecko.The steep decline came after reports that an attacker had minted one billion PORT3 tokens and began…

TLDR: $41B liquidated in crypto since October 1, with $20B lost in one day. Daily liquidations now reach $100M–$1B, even on stable global market days. Open interest collapsed, thinning liquidity and amplifying price volatility. Digital Asset Market Clarity Act targets wash-trading, spoofing, and transparency gaps. Crypto markets have experienced unprecedented sell-offs since early October, with $41 billion liquidated across major assets.  On October 10 alone, nearly $20 billion vanished in less than 24 hours. This surge occurred despite stable global equities, strong corporate earnings, and no major macro shocks.  Traders and liquidity providers continue facing pressure as the market reacts…

The cryptocurrency market continues to bleed, with the total market cap now hovering around $2.89 trillion. Zcash (ZEC), one of the privacy tokens daring to defy the fearful market sentiment, has experienced a steady, choppy price action as market forces struggle to establish control. Interestingly, a prominent market analyst with the X username PlanD has discovered significant bearish potential on the horizon. Related Reading: Why is Zcash Surging? Analysts Break Down the ZEC Rally and What Comes Next Zcash To Fall To $281 – Is The Party Over?  Despite its performance amid the general crypto market correction, Zcash struggles to…