Italy Reduces Proposed Crypto Tax Rate Increase
The Italian government is reportedly considering a smaller increase to its capital gains tax on cryptocurrencies, aiming for a 28% rate instead of the previously discussed 42%. According to a Bloomberg report dated Nov. 12, the administration under Prime Minister Giorgia Meloni is inclined to support a 28% crypto tax rate, which represents a modest […]
Solana Surpasses Ethereum’s Economic Activity for the First Time in October
The Solana network has been steadily closing in on Ethereum, with key metrics indicating significant gains in market share and revenue throughout 2024. A recent report from Syncracy Capital, a hedge fund, highlighted Solana’s rapid ascent, showing that it now rivals Ethereum across many major economic indicators. Released on Nov. 12, the report notes consistent […]
Trump Enlists Elon Musk and Vivek Ramaswamy to Launch ‘DOGE’ Plan for Government Downsizing
President-elect Donald Trump has tapped Elon Musk and Vivek Ramaswamy to head a new agency, the Department of Government Efficiency (DOGE), with a mission to cut federal spending and streamline regulations. According to Trump, the agency will aim to “dismantle government bureaucracy, reduce regulatory burden, eliminate wasteful spending, and restructure federal agencies for greater efficiency.” […]
Ethereum Gains Momentum as US ETFs Record $295M Inflow
The United States spot Ethereum (ETH) exchange-traded funds (ETFs) have hit an all-time high for inflows, following an impressive market rally triggered by Trump’s recent election win. On November 11, Ethereum ETFs brought in an unprecedented $294.9 million, far exceeding their previous high of $106.6 million on launch day in July. Fidelity’s Ethereum Fund (FETH) […]
MicroStrategy Acquires $2B in Bitcoin, Raising Total Holdings to $23B
MicroStrategy continues to expand its substantial Bitcoin holdings, showing a steadfast commitment to the cryptocurrency despite recent price highs. On Nov. 11, the business intelligence giant, now a major Bitcoin investor, announced a purchase of 27,200 BTC for approximately $2.03 billion in cash. The acquisition was made between Oct. 31 and Nov. 10, with an […]
Bitcoin Nears $90K, Marks Strongest Weekly Return Since US Banking Crisis
Bitcoin’s price surge shows little sign of slowing down, nearing the significant $90,000 mark in a rally that could become its strongest weekly performance since the 2023 US banking crisis. The cryptocurrency recently crossed the $85,000 threshold on Nov. 11 but continued its ascent. As of 8:14 am UTC, Bitcoin is trading at $88,879, up […]
Ethereum Reaches $3.2K, Overtakes Bank of America in Market Cap
Ethereum, the second-largest cryptocurrency by market cap, reached $3,200 on November 10—its highest level since August—while Bitcoin surged past $79,000 following Donald Trump’s win in the U.S. presidential election. According to CoinMarketCap, Ether’s market cap now stands at approximately $383 billion, rising nearly 5% in the last 24 hours, putting it around $40 billion above […]
ADA Surges 30% on Speculation of Cardano-Trump Partnership
Cardano (ADA) has been one of 2024’s most underperforming cryptocurrencies, with its value plummeting over 40% through the end of October. Yet, November has brought a dramatic shift, as ADA quickly recouped nearly half a year’s worth of losses within just one week, raising hopes for potential 100% gains by early 2025. On November 10, […]
Elon Musk Shares Post Advocating for the Abolition of the Federal Reserve
Elon Musk recently echoed a call to dismantle the Federal Reserve Bank in the United States by sharing a post from Utah Senator Mike Lee, who has argued for increased executive control over monetary policy and the elimination of the central bank. In his message, Lee pointed to Federal Reserve Chairman Jerome Powell’s recent statement […]
Bitcoin’s Surge to $81,000 May Spark a Rally in ETH, SOL, and SUI
Bitcoin’s recent climb above $81,000 on November 10 has energized the crypto market, sparking speculation among analysts about its potential for further gains. Renowned analyst Tuur Demeester suggested on X that holding onto Bitcoin without overreacting may yield rewards, as “HODLing does the work for you.” Some new investors may worry that Bitcoin’s rapid rise […]