Author: James Wilson

The recent crypto crash resumed today, Dec. 13, with Bitcoin and most altcoins being in the red and the market capitalization falling by over 2% in the last 24 hours. Summary The crypto market is crashing today as a risk-off sentiment prevails. Bitcoin has also formed numerous risky patterns on the daily chart. The futures open interest and volume dropped in the last 24 hours. Bitcoin (BTC) price dropped from this week’s high of $94,000 to $90,000. Some of the top laggards in the crypto market were tokens like The Graph, Story, Algorand, and Ethena, which fell by over 5%.…

According to CryptoSlam data, NFT sales volume has plunged by 15.72% to $64.95 million, down from last week’s $77.10 million. Summary Bitcoin recovered to $90K and ETH held $3K, but NFTs continued to underperform. NFT sales plunged 16% to $64.95M as buyer and seller participation collapsed. NFT buyers fell 68% and sellers dropped 71%. Market participation has crashed, with NFT buyers plummeting by 68.41% to 154,955 and sellers dropping by 71.48% to 115,051. NFT transactions fell by 13.25% to 940,713. At the same time, Bitcoin’s (BTC) price has recovered to the $90,000 level following recent volatility. Ethereum (ETH) has maintained…

The Office of the Comptroller of the Currency (OCC) granted conditional approval for national trust bank charters to five digital asset firms on Friday, including Ripple, Circle, and Fidelity Digital Assets, according to an official release. Summary The OCC granted conditional national trust bank charters to five major digital-asset firms—including Ripple, Circle, Paxos, BitGo, and Fidelity Digital Assets—integrating them directly into the federal banking system and Fed payment rails. The approvals, enabled by the new GENIUS Act and paired with Interpretive Letter 1188, give these firms expanded authority to settle stablecoins like USDC through the Federal Reserve and conduct riskless-principal…

Jill Gunter, co-founder of Espresso, reported Thursday that her crypto wallet was drained due to a vulnerability in a Thirdweb contract, according to statements posted on social media. Summary Crypto veteran Jill Gunter reported the theft of over $30,000 in USDC from her wallet, which was drained on Dec. 9 and routed through Railgun. The vulnerability stemmed from a legacy Thirdweb contract that allowed access to funds with unlimited token approvals. The incident followed a separate 2023 open-source library flaw that affected more than 500 token contracts and was exploited at least 25 times, according to ScamSniffer. Gunter, described as…

Carl Erik Rinsch, known for directing the movie “47 Ronin,” was convicted of wire fraud and money laundering for misappropriating funds provided by Netflix for a science-fiction series, the U.S. Attorney’s Office in New York announced. Summary Hollywood director Carl Erik Rinsch was convicted of wire fraud and money laundering for misusing Netflix funds. Prosecutors said Rinsch diverted the money into personal accounts and speculative trades—including Dogecoin—and luxury items. Rinsch faces up to 20 years per fraud and laundering count. Rinsch was found guilty of one count of wire fraud and one count of money laundering, each carrying a maximum…

Chinese artificial intelligence platform DeepSeek has released price projections for three major cryptocurrencies through the end of 2025, forecasting heightened volatility for Ripple’s XRP token, Solana, and Dogecoin. Summary DeepSeek has released end-2025 price projections. For XRP, the model outlines a bearish collapse scenario versus a bullish case tied to a final SEC lawsuit resolution in August. Solana’s outlook hinges on ecosystem growth and potential ETF-driven institutional adoption, while failure to break resistance could trigger a pullback. Dogecoin faces declining memecoin dominance, with upside dependent on broader payment adoption, while weaker sentiment could lead to further retracement despite holding key…

Currently, the Ethereum price is in the $3,051–$3,272 range, moving down amid reactions to the Federal Reserve’s decision to cut interest rates. Traders are jittery, volatility is rising, and a clear trend is yet to take shape. Naturally, that leaves us asking: what’s a credible Ethereum price prediction going forward? Summary Ethereum is trading between $3,051–$3,272, with rising volatility and no clear trend as markets react to the Fed. Bulls remain in control above $3,000, with $3,200 as a key level that could trigger gains toward $3,400 if supported by institutional activity. A drop below $3,000 could lead ETH toward…

Bitcoin price retreated below $90,000 today, Dec. 12, as a senior executive at Vanguard warned that it was a ‘digital Labubu’ and as an alarming pattern formed. Summary Bitcoin price dropped below the important support at $90,000. A senior Vanguard expert called it a digital Labubu. The coin has formed a bearish flag pattern on the daily chart. Bitcoin (BTC) was trading at $89,700 at press time, down sharply from the year-to-date high of $126,300. Its pullback coincided with the significant drop in American equities, with the Nasdaq 100 and S&P 500 indices falling by over 1% as artificial intelligence…

XRP price continued its recent downtrend even after the Office of the Comptroller of the Currency granted Ripple Labs a conditional approval for a banking charter, and ETF inflows continued. Summary XRP price is stuck in a technical bear market after falling by ~45% from the year-to-date high. OCC granted Ripple Labs a national banking charter. The charter allows the company to offer custody services. Ripple (XRP) token dropped to a low of $1.980, continuing a downtrend that started in July when it peaked at $3.6600.  SEC grants Ripple Labs a banking license The XRP price has dropped despite having…

Despite muted price action, Cardano is attracting attention from whales, who are steadily adding to their positions. Traders are now debating what this could mean for the Cardano price. Summary Cardano slipped to $0.41 after a 25 bp Fed rate cut. Upside potential exists if ADA climbs above $0.45, with targets of $0.50 and possibly $0.70 supported by institutional backing. Downside risks lie in the $0.40–$0.44 zone; a break below this range could push ADA down toward $0.38–$0.39. Near-term ADA outlook is mixed, leaving traders to monitor both bullish and bearish signals. Current market scenario Cardano (ADA) slid to $0.41…