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Investment bank Jefferies said the recent surge in gold prices can’t be explained by traditional drivers alone and points instead to Tether as a major new buyer. Attestation data and on-chain activity show that the stablecoin issuer has accumulated substantial bullion in recent months, tightening supply and helping fuel the sharp rally, the bank said in the Thursday report.The precious metal has risen more than 50% this year and is currently trading around $4,080 per ounce.Jefferies first flagged Tether’s interest after the company met with miners and royalty firms in Denver last fall, with investors telling the bank Tether aimed…

Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin price slumped 10% over the last week and a fraction of a percent in the past 24 hours to trade at $94,986 as of 2:37 a.m. EST on trading volume that soared 59% to $78.2 billion. This comes as Michael Saylor hinted at another Bitcoin purchase from Strategy (MSTR) this week. Saylor posted on X with the words “Big Week” and a portfolio chart, which usually indicates a plan to buy more BTC. In the post, Saylor included a chart showing that Strategy now has…

With the crypto market facing a decline, very few coins have managed to leave a mark on the investors this week. Meme coins were surprisingly among some of the better-performing crypto tokens.BeInCrypto has analysed three such meme coins that the investors should watch, considering their recent performance.Sponsored SponsoredBanana For Scale (BANANAS31)BANANAS31 has become one of the week’s strongest-performing meme coins, gaining more than 75% in seven days. The token now trades at $0.004773, reflecting rising demand and renewed attention from traders.The uptrend may continue as the Chaikin Money Flow shows a clear uptick. This signals increasing capital inflows and growing…

The new money market fund aims to improve oversight and smooth operations for stablecoin issuers.The Bank of NY Mellon Corporation’s (BNY) new money market fund, which launched last Thursday, Nov. 13, may provide greater safety for stablecoin reserves but does not eliminate all operational and structural risks, experts say.The fund, called the BNY Dreyfus Stablecoin Reserves Fund (BSRXX), is designed to hold reserves for stablecoins issued under the GENIUS Act, with Anchorage Digital providing the initial investment. While it does not invest in stablecoins itself, the fund offers a regulated place for issuers to park their cash.The move reflects a…

The US Bitcoin exchange-traded funds (ETFs) keep flowing out as the crypto Fear and Greed Index dropped to 11, reflecting extreme fear.Retail investors have stayed out of the market during this downturn, while data shows that whales are the primary buyers amid the selloff.Sponsored SponsoredETF Outflows and Retail Absence Signal Market ShiftUS Bitcoin spot ETFs have experienced persistent capital flight, with holdings declining from 441,000 BTC on October 10 to about 271,000 BTC by mid-November. This marks a sharp reversal from institutional support earlier this year.According to Farside Investors data, Bitcoin ETFs have now logged four consecutive days of outflows,…

About Bryan Mahadeea Name: Bryan Mahadeea Designation: Technical Support Specialist Company: FLiiP Country: Mauritius Bryan’s Learning Journey That Inspires Which 101 Blockchains courses or certifications have you completed? I have successfully transformed into a cryptocurrency and Bitcoin expert with the Certified Cryptocurrency Professional (CCP)™ and the Certified Bitcoin Professional (CBP)™ certifications by 101 Blockchains. My next objective is to earn their Certified Blockchain Security Expert (CBSE)™ certification. Why did you choose 101 Blockchains, and how was your Overall Learning Experience with the Platform? I genuinely believe that blockchain and digital currencies will shape the future and this belief made me…

A dormant Cardano whale tried swapping 14.4M ADA into USDA and walked away with just 847K USDA, burning roughly $6.2M in one click. A long-dormant Cardano (ADA) whale has torched more than $6 million in a single swap after attempting to move 14.4 million ADA, worth around $7 million, into USDA, a Cardano-native stablecoin, in a low-liquidity pool. The trade left the wallet with just 847,000 USDA, an estimated 87% loss, and reopened tough questions about Cardano’s DeFi readiness. The Costly Transaction According to on-chain investigator ZachXBT, the whale wallet had been dormant for roughly five years before executing the…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin’s drop back into the mid-$90,000s has reignited the debate: is this the start of a true bear market, or a sharp reset inside an ongoing uptrend? Analysts are converging on the same battleground levels but differ on what they imply. Has The Bitcoin Bear Market Arrived? Macro swing-trader “The Great Mattsby” (@matthughes13) argues that, structurally, Bitcoin is still tracking a familiar pattern. He reminds followers that: “Back in 2024, BTC consolidated for 7 months in the $70k-$50k zone before breaking out.” Using monthly Fibonacci retracements from…

Key Takeaways Coinbase has applied for regulatory approval to acquire a minority stake in CoinDCX parent DCX Global Services. The U.S. exchange has invested in CoinDCX three times before and currently holds about 2.5%. India continues to draw major global exchanges despite heavy taxes and unclear regulations. Coinbase is making its most decisive push into India yet. The U.S. exchange has formally moved to acquire a minority stake in the parent company of CoinDCX, India’s largest crypto exchange, marking a significant escalation in its long-running effort to gain a footing in one of the world’s most active digital-asset markets. The…

Bitcoin price slid to fresh six-month lows on Friday, breaking decisively below the psychological $100,000 mark and intensifying a sell-off that has wiped out nearly a quarter of its value in just over a month.  By midday, the bitcoin price was trading between $94,000 and $97,000, its weakest level since early May and a steep fall from October’s $126,296 all-time high, according to Bitcoin Magazine Pro data. At the time of writing, the bitcoin price is at $94,850 but it bounced off of levels at $94,000. The drop caps off a chaotic week across global markets, where risk assets, from…