Elon Musk’s SpaceX moves 1,163 Bitcoin worth $105M

The post Elon Musk’s SpaceX moves 1, 163 Bitcoin worth $105M appeared com. Key Takeaways SpaceX moved 1, 163 Bitcoin worth $105M to a new wallet, following a larger transfer last month. The moved funds are believed to be for custody reasons, with SpaceX’s wallet now holding 6, 095 BTC. A crypto wallet associated with SpaceX moved 1, 163 Bitcoin valued at around $105 million to a new wallet today, according to Arkham Intelligence data. The transfer comes after the Elon Musk-owned space exploration company sent $268 million in Bitcoin to a new address last month. Analysts suggest SpaceX may have moved the funds for custody purposes rather than selling them. The labeled wallet currently holds 6, 095 Bitcoin worth almost $553 million. Following a three-year dormancy period, the wallet resumed activity in late July, sending out $153 million worth of Bitcoin. Bitcoin is currently trading near $91,000, up 3. 5% over the past 24 hours, according to CoinGecko. Source:.

Can Bitcoin Price Bounce Back? Here are the Top Factors to Watch Now

The post Can Bitcoin Price Bounce Back? Here are the Top Factors to Watch Now appeared com. Key Insights Bitcoin price today was up around 2% but struggled to break through the $85,000 level. The US Spot Bitcoin ETF saw around $240 million entering into the investment instrument. Analyst predicts a potential recovery to $103,000 for the price of Bitcoin, before another brutal crash. The traders are keeping close track of the Bitcoin price today, especially after the flagship crypto fell below the $81,000 mark yesterday. Notably, the price of Bitcoin has since struggled to hold above the $85,000 level, which has spooked traders over the potential future movement of the asset. The dip in BTC price yesterday has also triggered a massive selling pressure across the broader crypto market, with most of the top altcoins recording double-digit percentage losses. However, despite that, some experts have remained bullish on a potential recovery in the asset. Meanwhile, this optimism was further bolstered by the positive fund flow into the US Spot Bitcoin ETF. This suggests renewed interest among institutions, especially after the investment instrument saw its second-highest single-day outflow on November 20. Bitcoin Price Today: Bitcoin ETF Helps in Recovery Bitcoin price today was up over 2% to $84,156 at the time of writing, but its trading volume fell more than 29% to $89 billion. Notably, BTC price has touched a 24-hour low of $80,659 and a high of $85,503 in the last 24 hours, which has spooked traders. Although the crypto has struggled to break through the $85k mark now, the renewed interest of the institutions has fueled market sentiment. For context, the US Spot Bitcoin ETF has reversed its course and saw $238. 4 million entering on November 21. This follows an outflow of $903. 2 million on November 20, which has spooked traders. However, on Friday, BlackRock’s IBIT witnessed an outflow of $122 million. Notably, BlackRock Bitcoin.

Five XRP spot ETFs now listed on DTCC ahead of potential launch this month

The post Five XRP spot ETFs now listed com. Key Takeaways Five spot XRP ETFs have been listed on DTCC ahead of a potential US launch this month. Grayscale and other asset managers are expanding ETF offerings amid strong market interest. Five spot XRP exchange-traded funds from Franklin Templeton, Bitwise, Canary Capital, 21RP futures have emerged as CME Group’s fastest-growing crypto products, significantly benefiting from the infrastructural and liquidity advancements established by earlier derivatives for Bitcoin and Ethereum. The success of these products reflects increased market participation and the implementation of popular trading strategies previously applied to.

Zama Acquires Buterin-Backed ZK Firm Kakarot to Boost Privacy

The post Zama Acquires Buterin-Backed ZK Firm Kakarot to Boost Privacy appeared com. Key Notes Zama has inked a strategic partnership with KKRT to accelerate scalability efforts across the Zama Protocol. KKRT Labs will bring its deep expertise in designing high-performance proving architectures and modular rollup systems to the deal. Vitalik Buterin has been speaking about agentic models, citing that they threaten human systems. Zama, the cryptography company behind the Zama Confidential Blockchain Protocol, has officially announced its acquisition of Kakarot or KKRT Labs. Together, these firms plan to accelerate scalability efforts across the Zama Protocol, aiming to achieve more than 10, 000 confidential transactions per second (TPS) on some public blockchains. Utilizing KKRT Labs’ Deep Expertise For Zama Zama and KKRT Labs have partnered to accelerate scalability efforts across the Zama Protocol. The duo is targeting 10, 000+ confidential transactions per second on public chains such as Ethereum, Solana, and others. The acquisition is crucial to strengthening Zama’s technical depth in blockchain scalability and validity (ZK) rollups. On one end, it would accelerate the protocol’s ability to provide high-performance confidentiality to all public blockchains. For context, KKRT Labs is a pioneering research and development firm focused on scaling blockchains using ZK Proofs. It boasts expertise in designing high-performance proof-of-concept architectures and modular rollup systems, particularly for Ethereum-equivalent environments. It is backed by some of the big shots in the digital asset space, including Vitalik Buterin, Starkware, Lambda Class, and Stake Capital. Over time, it has gained recognition as one of the strongest ZK-rollup teams in the ecosystem. Ultimately, its goal is to build the most scalable and efficient proof-of-stake engine for Ethereum-compatible chains. Therefore, its alliance with Zama will go a long way toward bringing the latter’s vision to fruition. Other perks that are likely to follow the partnership are confidential stablecoin payments, confidential DeFi, or confidential on-chain asset management. Agentic AI and Its.

XRP at $2.40 – Which way will XRP’s price go next?

The post XRP at $2. 40 Which way will XRP’s price go next? appeared com. Key Takeaways What was the significance of the $2. 7 area on the price chart? Analysis showed that it has been a key support since August. The build-up of short liquidation levels meant it could be retested before the next bearish move. What would convince swing traders to lean bullishly? If the $2. 8 area is reclaimed as a demand zone, it would show traders that buyers were strong enough to attempt a recovery past $3. Ripple [XRP] was trading at the $2. 42 mark at the time of writing, and signaled bearish momentum in the short-term. Sellers had the upper hand for now and could force a price move toward the psychological $2 support. Technical analysis shows XRP could see a 22% price drop The swing points on the weekly timeframe were marked in green, at $0. 486 and $3. 4. The rally from $1. 61 to $3. 66 that began in April meant that the weekly structure was bullish, making it the long-term outlook for XRP. A move below $1. 6 would be needed to shift the swing structure bearishly. The internal structure’s local high and low are marked in orange at $3. 1 and $2. 7. The swing structure was bullish, due to the rally from $1. 9 to $3. 66 in June and July. However, the bias for now is bearish. This is because XRP bulls had defended the $2. 7-$2. 8 demand zone from bearish retests since July, but the recent selling pressure forced the price to break down beneath this support. This breakdown left behind a large imbalance, highlighted by the white box. This zone, from $2. 5-$2. 77, represented a sturdy obstacle for the buyers. The Moving Averages were bearish, as was the Awesome Oscillator. However, the CMF has climbed to +0. 05, at press time, a sign.