Category: Bitcoin News

40% AVA AI Coin Genesis Supply ‘sniped’, Claims Bubblemaps

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Blockchain analytics firm Bubblemaps said a cluster of 23 wallets linked to the deployer of the Solana-based AI token Ava accumulated around 40% of the token’s supply at launch, raising new questions about insider coordination around the project’s debut. The sybil wallet cluster related to the deployer shared similar patterns, including being funded in a tight time window through Bitget and Binance, receiving similar amounts of Solana (SOL) and having no blockchain activity before buying up the Ava AI (AVA) token supply at launch, Bubblemaps claimed in a Thursday X…

Bitcoin’s ‘most oversold’ weekly RSI hints at BTC price rebound in 2026

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Bitcoin (BTC) traders expected a short-term bounce as a key BTC price metric sank to its lowest levels in almost three years. Data from Cointelegraph Markets Pro and TradingView revealed extremely “oversold” conditions on the BTC/USD relative strength index (RSI). Key takeaways: Bitcoin’s “most oversold” RSI, historically tied to major BTC price rallies, suggests a price reversal in the short term. Bitcoin’s network value-to-transaction ratio shows it is undervalued at current levels. BTC price dip sends RSI back to 2023 Bitcoin’s 36% drop to $80,500 on Nov. 21 from its all-time…

Malaysia’s Royal Stablecoin and Asia’s Shift to Tokenized Money

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Key takeaways RMJDT is a ringgit stablecoin pitched for payments and cross-border trade. Its treasury and validator setup is designed to make onchain settlement function like reliable infrastructure. Across Asia, stablecoins are being brought under licensing and reserve and redemption rules. Tokenized assets are increasing demand for tokenized settlement in local currencies, not just USD. RMJDT is being pitched as a ringgit-pegged token tied to Johor’s Crown Prince. It was launched by his company, Bullish Aim, and issued on Zetrix, a network connected to Malaysia’s national blockchain infrastructure. The token…

Jump Trading Hit with $4B lawsuit Tied to Terra’s $50B Crash

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The administrator of Terraform Labs’ bankruptcy, Todd Snyder, has filed a lawsuit seeking $4 billion in damages from trading company Jump Trading and multiple executives. According to a Friday Wall Street Journal report, the lawsuit alleges that Jump Trading unlawfully profited from and contributed to the 2022 crash of Terra. Alongside the company, the suit is also aimed at its co-founder, William DiSomma, and the former president of the crypto trading department, Kanav Kariya. Terraform Labs and the Terra blockchain ecosystem collapsed in 2022 when its native algorithmic stablecoin, TerraUSD…

Bybit Returns to UK with Spot and P2P Exchange

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Bybit says it is returning to the United Kingdom after a two‑year pause with a new UK platform offering spot trading on 100 pairs and a peer‑to‑peer venue. The Dubai‑based exchange shut off local UK customers in late 2023 when the Financial Conduct Authority’s (FCA) tougher financial promotion rules kicked in.  According to a press release shared with Cointelegraph, the service is being rolled out under a promotions arrangement approved by Archax, an FCA‑authorized firm, rather than via Bybit’s own registration or authorization in the UK. Tailored UK products “transparent”…

Metaplanet To Debut US Trading Via American Depositary Receipts

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Metaplanet, a Japanese Bitcoin treasury company, is set to begin trading in the United States on the OTC market via American Depositary Receipts (ADRs). Trading in Metaplanet’s ADRs is expected to start on Friday, with its shares listed in US dollars on the over-the-counter (OTC) market under the ticker symbol MPJPY, according to an announcement. “This directly reflects feedback from US retail and institutional investors seeking easier access to our equity,” Metaplanet CEO Simon Gerovich said in an X post on Friday, adding that the launch marks another step to…

Bitcoin Gains Near 3% Despite Bank of Japan Rate Hike

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Bitcoin (BTC) aimed for $88,000 on Friday after Japan’s central bank raised interest rates to 30-year highs. Key points: Bitcoin joins US stocks futures heading higher in a curiously bullish reaction to Japan’s interest-rate hike. Commentators argue that no further hikes will happen due to economic forces. Bitcoin continues to hammer out a bottom on longer timeframes. Arthur Hayes eyes BTC price, yen surge Data from Cointelegraph Markets and TradingView showed 2.5% BTC price gains versus the daily open. BTC/USD one-hour chart. Source: Cointelegraph/TradingView In line with expectations, the Bank…

Crypto Market Cap Hits 8 Month Low Amid Bearish Sentiment

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The total crypto market capitalization has fallen to an eight-month low, wiping out all gains this year, as analysts remain bearish in the short-term. Total market capitalization fell to $2.93 trillion in late trading on Thursday, its lowest level since April, according to CoinGecko. The total market value of crypto has declined by around 33% since its all-time high of around $4.4 trillion in early October and is down almost 14% since the beginning of this year, prompting many analysts and observers to claim the bear market is underway. It…

US Senate Confirms Crypto Friendly Leaders to Head CFTC and FDIC

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The US Senate has confirmed crypto-friendly lawyer Mike Selig as the new chair of the Commodity Futures Trading Commission and has elevated Travis Hill to chair the Federal Deposit Insurance Corp. The two confirmations were included in a package of nearly 100 other nominees that the Trump administration had selected for various roles across the government, which passed the Senate in a 53-43 vote on Thursday. Selig, who has previous experience at the CFTC and the Securities and Exchange Commission, pledged to make crypto a priority when he was nominated…

ZCash Is Confirming ‘Rotation Thesis,’ Says Raoul Pal

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The recent surge in privacy-focused cryptocurrency Zcash may be driven more by capital rotation than a sustained structural bull trend, says Real Vision founder and macro investor Raoul Pal. “Do I need that asset to say I was in earliest? I don’t really,” Pal told Kevin Follonier on the “When Shift Happens” podcast published on Thursday. The privacy-focused token Zcash (ZEC) has seen significant gains this year, but Pal said it is still too early to say whether its rally represents the beginning of a broader uptrend.  “We can’t prove…