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Sabtu, 14 Desember 2024

💰Bitcoin's new minimum price target; Coinbase's $1B lawsuit

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Your Daily Digest of the 🔥Hottest News in Crypto

Today's top stories:

💰 BTC minimum price target

🤯 Coinbase faces $1B lawsuit 

🎧 Bitcoin's environmental impact: 'Patient zero'

📰 Keep reading to find out more about all of today's top stories

Bitcoin price 2025 cycle target 'minimum' starts at $175K


Despite sideways volatility, Bitcoin price has closed a daily candle above $95,000 every day since Nov. 27, indicating continuous buying pressure from investors at a higher range.

While price fluctuations or choppy markets can last weeks, an Ernst and Young consultant says the long-term price expectation for Bitcoin in 2025 remains high.

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Coinbase faces $1B lawsuit over wBTC delisting


Crypto exchange Coinbase is being sued for over $1 billion by BiT Global Digital Limited, which is accusing the company of harming the market for Wrapped Bitcoin after a November decision to delist the token.

In a Dec. 13 complaint, BiT Global alleges that Coinbase's decision to delist wBTC was aimed at promoting its own competing product, cbBTC — a move that resulted in massive financial losses and eroded consumer confidence in wBTC.

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Allez Labs proposes yield opportunity for Polygon PoS bridge funds


Allez Labs has submitted a pre-Polygon improvement proposal (PIP) to create yield-bearing opportunities for the approximately $1.3 billion in stablecoins held in Polygon's Proof-of-Stake (PoS) Portal Bridge.

According to the proposal, the stablecoins, which include Dai

could generate roughly $70 million in annual yield rather than sitting idle.

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Mystery of crypto sleuth's death, Japanese exchange lists on Nasdaq: Asia Express

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Taiwan investigates death of top crypto sleuth, Indian firm adopts Bitcoin as reserve asset, and Japanese crypto exchange lists on the Nasdaq.

Rise'n'Crypto · Episode

Is this 'patient zero' for the gaslighting about Bitcoin's environmental impact?

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