Leading cryptocurrencies like Bitcoin and Ethereum traded mildly higher, but overall crypto market sentiment remains cautious. Curve DAO Token gained over 15% in 24 hours, while Quant saw the biggest decline.
Recent research from NCRI shows the impact of Twitter bots and Elon Musk’s tweets on cryptocurrency prices, highlighting notable price increases brought on by Musk’s mentions of particular altcoins in his tweets and addressing worries about market manipulation via social media, as well as the role played by phony Twitter activity in the rise in the price of tokens on the now-defunct FTX exchange.
Tether’s latest attestation shows substantial reserves backing USDT, with investments focused on renewable energy Bitcoin mining projects.
Indian indices Sensex and Nifty closed marginally lower Tuesday as investors booked profits in select heavyweights. Broader markets showed resilience at record highs. Global factors, oil, and Q1 earnings will drive markets ahead. Intraday stock ideas are suggested for potential gains.
Term Labs created a platform for matched lending and borrowing with fixed rates, inspired by the U.S. Treasury.
The creators of the Bitcoin Ordinals project will transition it to a nonprofit structure to support ongoing development after completing the inscription of all 21 million Bitcoins.
Ron DeSantis, a candidate for the US presidency, vowed to defend Bitcoin and other cryptocurrencies from Biden’s regulatory crackdown, highlighting how excessive government regulation will restrict innovation.
Meta is betting heavily on AI to revive engagement on Facebook and Instagram after recent declines.
In recent developments, cryptocurrency enthusiasts are abuzz with speculation about Sam Bankman-Fried’s secret support for BALD. Despite the lack of concrete evidence, rumors circulating on social media have led to heated discussions within the crypto community.
Bitcoin whale Michael Saylor is considering increasing his holdings of BTC, which could have a significant impact on the crypto market and attract more institutional investors.
