thebeautyofsaas
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Will Altcoins Revive Or Will Bitcoin Hit $120,000? Analytics Company Shares Its Opinion
Options traders have invested $640 million betting that Bitcoin will reach $120,000 by Dec. 27, but analysts say the chances of such a move are slim.
According to research firm Kaiko, investors can instead focus on altcoins like XRP and Solana, which are poised to be real winners in the current market.
“While the chances of BTC gaining another $15,000 in the next 10 days are slim, that doesn’t mean there won’t be gains in other assets,” Kaiko analysts wrote in a note today.
Smaller cryptocurrencies like Solana, XRP, and Cardano have significantly outperformed Bitcoin and Ethereum this year, with their momentum accelerating further following Donald Trump’s election victory, Kaiko noted. 0 reply
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Justin Sun-connected BiT Global sues Coinbase for delisting wBTC and launching competitor
Justin Sun’s BiT Global, the firm that recently became a key stakeholder in the wrapped bitcoin (wBTC) ecosystem, is suing crypto exchange giant Coinbase, which last month decided to delist the asset and launch a competing product.
On Nov. 19, Coinbase announced it would delist
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starting Dec. 19, 2024, citing a periodic review of its “listing standards.” The move came months after BitGo, which has served as the primary custodian for wBTC since it launched in January 2019, disclosed it would distribute control over the project's custody to three entities, including the Hong Kong-based trust company BiT Global, which has ties to Sun.
The so-called “strategic partnership between BitGo, Justin Sun and the Tron
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Startup Cardless raises $30 million in funding led by Activant Capital to revolutionize co-branded credit card schemes with embedded finance innovations.
Cardless, a startup aiming to improve the effectiveness of co-branded credit card schemes through embedded finance innovations, has secured $30 million in funding. The funding round is led by Activant Capital, with participation from Mischief, Industry Ventures, Thayer Ventures, Assurant, and Amex Ventures. The company, which offers Visa, Mastercard, and American Express card options, has reported a significant five-fold revenue growth over the past 12 months. It continues to focus on the U.S. market, working with both global and domestic brands to deliver more efficient and customized card experiences. 0 reply
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