Day: November 21, 2024

MicroStrategy Hits ATH Before Dropping 18%

The business intelligence firm, which owns over 331,000 BTC (1.58% of Bitcoin’s total supply), briefly surged past $535 per share, setting a new all-time high. However, MSTR quickly dropped 18%, bottoming out at $475, where it had closed the previous day. Crypto Stocks See Mixed Performance MicroStrategy wasn’t the only crypto-linked stock facing volatility: These […]

SEC Chair Gary Gensler Announces Resignation

Gensler, who has been at the forefront of the SEC’s aggressive regulation of the cryptocurrency industry, said in his statement that leading the commission has been “an honor of a lifetime.” His tenure has been marked by high-profile lawsuits and enforcement actions targeting major players in the digital assets space. Gensler’s Legacy Appointed in 2021, […]

Sui Blockchain Faces First Major Outage, Validators Back Online

The official Sui account confirmed the cause on X (formerly Twitter), stating that the bug caused validators to crash. A patch was swiftly implemented and adopted by Sui’s validator community, restoring normal operations. This marks the first major downtime since the network’s launch in May 2023, although its testnet faced a brief outage in June. […]

“Chill Guy” Artist Threatens Legal Action, CHILLGUY Coin Tumbles

Solana-based CHILLGUY saw its market cap skyrocket by over 400% on Wednesday, reaching a peak of $500 million. However, following Banks’ public denouncement on Twitter, the token plummeted 54% within two hours, falling to $220 million before recovering to $375 million. “Chill Guy has been copyrighted. Like, legally,” Banks tweeted, adding that he plans to […]

Bitcoin Surges Past $97K, $100K Within Sight

Bitcoin surged to over $97,000 late Wednesday, shattering its previous high of $95,000 in less than an hour, according to CoinGecko data. This rapid price movement triggered a cascade of $100 million in liquidations, with 80% coming from short sellers who bet on a price drop, as reported by CoinGlass. The rally has reignited optimism […]