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Bitcoin whales resume accumulation, signaling confidence in market rally - CryptoSlate

Coinbase Global stock was ticking higher with Bitcoin. Both shares and the cryptocurrency notched 20-month intraday highs in Monday trading.

Shares of the cryptocurrency exchange tend to move with the well-known digital asset.

And indeed, on Monday morning, Coinbase stock soared to $146.30, its highest level since April 2022. Bitcoin gained...

Coinbase Global stock was ticking higher with Bitcoin. Both shares and the cryptocurrency notched 20-month intraday highs in Monday trading.

Shares of the cryptocurrency exchange tend to move with the well-known digital asset.

And indeed, on Monday morning, Coinbase stock soared to $146.30, its highest level since April 2022. Bitcoin gained for its fifth trading day in a row, reaching $40,728, its highest intraday level also since April 2022, according to Dow Jones Market Data. Shares and Bitcoins gains later eased but remained significantly higher.

Bitcoin has climbed sharply over the past few months, and multiple factors may be responsible for that rally. One is that investors are hoping regulators will soon approve the first spot Bitcoin exchange-traded fund. Another is expectations that the Federal Reserve will cut interest rates multiple times next year, and lower rates tend to benefit riskier investments such as Bitcoin and tech stocks, Barrons previously reported.

Write to Emily Dattilo at emily.dattilo@dowjones.com

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Coinbase Stock and Bitcoin Are Soaring Together - Barron's

What is CryptoSlate Alpha?

A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more

Welcome! You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below.

If you don't have enough, buy ACS on the following exchanges:

Access Protocol is a web3 monetization paywall. When users stake ACS, they can access paywalled content. Learn more

Disclaimer: By choosing to lock your ACS tokens with CryptoSlate, you accept and recognize that you will be bound by the terms and conditions of your third-party digital wallet provider, as well as any applicable terms and conditions of the Access Foundation. CryptoSlate shall have no responsibility or liability with regard to the provision, access, use, locking, security, integrity, value, or legal status of your ACS Tokens or your digital wallet, including any losses associated with your ACS tokens. It is solely your responsibility to assume the risks associated with locking your ACS tokens with CryptoSlate. For more information, visit our terms page.

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Bitcoin's illiquid supply hits 10-year high, signaling strong investor conviction - CryptoSlate

Conservative pundit Ann Coulter is calling out Tucker Carlson and other right-wing peers for pushing the Ray Epps Jan. 6 conspiracy theory.

After the Jan. 6 Capitol riot, Epps, a former Marine, onetime Trump supporter, and former member of the Oath Keepers extremist group, became the target of a conspiracy theory that he was a secret government agent who incited the Capitol attack and prompted other Trump supporters into committing illegal acts.

In July, Epps announced a lawsuit against Fox News in Delaware Superior Court for alleged instances of defamation on Carlson's former show.

In an interview with the New York Times' Jeremy Peters posted to X, formerly Twitter on Sunday, Coulter called out Carlson, a former Fox News personality, for propagating the theory about Epps' involvement.

In September, Epps pleaded guilty to a misdemeanor charge by the Department of Justice for his role in the riot.

Michael Teter, an attorney representing Epps in a defamation case, told the Associated Press in September that Epps' plea agreement is "powerful evidence of the absurdity of Fox News' and Tucker Carlson's lies that sought to turn Ray into a scapegoat for January 6."

"Had Ray been charged earlier, Fox News would have called him a hero and political prisoner," Teter said in an emailed statement to the Associated Press. "Instead, Fox News spread falsehoods about Ray that have cost him his livelihood and safety."

In a recent interview on comedian Rosanne Barr's podcast, Carlson said his coverage of Jan. 6, including his speculations on law enforcement involvement in the riot, led to his firing from Fox News in April.

Newsweek has reached out to Ann Coulter and Tucker Carlson for additional comment.

In the video posted to X, formerly Twitter, Coulter told Peters:

"I wanted to specifically talk about the Ray Epps case because, I mean, even people I like and I think are usually pretty sensible right-wingers. They are all down with the Ray Epps conspiracy theory," began Coulter. "But the New York Timessorry, I often hate the New York Times toohad a full and complete description of why Ray Epps was there, how he was defamed and had to sell his business, he was a true Trump supporter, he was going around with his nephew.

"The clip that Tucker kept playing of him saying 'And then we're going to go into the Capitol' or something like that, that was the night before! The day of, he and the person he was whispering to both told the FBI separately 'No, he was telling us don't go in, don't go in, don't go in.'"

Coulter also noted the hardships Epps and his family have faced since the conspiracy theory began to spread.

"He [Epps] literally had to sell this going business he had in Arizona with his wife, it was a wedding venue. Now they're in hiding."

Newsweek is committed to challenging conventional wisdom and finding connections in the search for common ground.

Newsweek is committed to challenging conventional wisdom and finding connections in the search for common ground.

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Ann Coulter Goes After Tucker Carlson Over Jan. 6 Conspiracy Theory - Newsweek

Conservative commentator Ann Coulter criticized other right-wingers for falling for the Ray Epps January 6 conspiracy theory during a recent interview with the New York Times Jeremy Peters, specifically calling out former Fox News personality Tucker Carlson for his role in propagating it.

A number of Coulters peers, including Carlson, have speculated that Epps who attended the January 6, 2021 Capitol riot was an undercover federal law enforcement agent tasked with goading other Trump supporters into committing illegal acts.

I wanted to specifically talk about the Ray Epps case because, I mean, even people I like and I think are usually pretty sensible right-wingers. They are all down with the Ray Epps conspiracy theory, began Coulter. And look, Democrats do a lot of really bad things, Ive spent my life covering them. I hate bureaucrats, I hate Christopher Wray, the head of the FBI. But the New York Times sorry, I often hate the New York Times too had a full and complete description of why Ray Epps was there, how

The clip that Tucker kept playing of him saying And then were going to go into the Capitol or something like that, that was the night before! The day of, he and the person he was whispering to both told the FBI separately No, he was telling us dont go in, dont go in, dont go in.' continued Coulter.

He [Epps] literally had to sell this going business he had in Arizona with his wife, it was a wedding venue. Now theyre in hiding. I mean, theres a lot of- the way the New York Times lies is by omission. They dont tell you things that are really sort of a relevant part of the story. Sorry, Jeremy, cover your ears at this part. But they dont just say things that are outright false, or at least very rarely and then they make a correction, she concluded.

In July, Epps who was eventually charged with a misdemeanor by the Department of Justice announced that he was suing Fox News for alleged instances of defamation on Carlsons old show.

Now weve asked Ray Epps on this show repeatedly to explain why he thinks hes escaped prosecution, and we

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Ann Coulter Blasts Tucker Carlson for Promoting Whack-Job Ray Epps Conspiracy Theory - Mediaite

Conservative commentator Ann Coulter warned white children to not listen to rap music this week after security guards for rapper Nardo Wick, were seen on video punching a fan.

Over the past several months, Coulter has continued to criticize former President Trump as he prepares for his run in the 2024 presidential election. She previously said that he "can barely speak English," and called him a "gigantic baby." She's also been a vocal critic of "woke" books, like Pageboy by transgender actor Elliot Page, and Texas Governor Greg Abbott.

"Once again, I warn white kids NOT to listen to rap. Not only will you get canceled for singing along, but now you also might end up in the hospital in critical condition," Coulter wrote on X, formerly Twitter, on Wednesday. "'Rapper Nardo Wick's entourage brutally knocks out fan who asked for a photo.'"

Earlier this week, videos surfaced on social media showing a fan approaching rapper Nardo Wick for a photograph after an event in Tampa, Florida. One of the rapper's security guards is seen hitting the man in the face. Immediately after, another security guard runs over and hits the fan again, dropping him to the floor. The video cuts off quickly before more footage of the incident is seen.

According to WFLA news in Florida, the fan was identified as George Obregon Jr. and the Tampa Police issued a statement on Facebook providing more information on the incident.

"On Monday, November 27, 2023, at approximately 1:17 a.m., following a concert at Club Skye (1509 E. 8th Ave), an adult male victim, attempted to approach the performer for a photo, when individuals who appear to be affiliated with the performer punched the victim," police said. "Detectives are interested in speaking to anyone who witnessed the incident or may have information that would assist in identifying the suspects."

In a statement posted to Instagram on Tuesday, Nardo Wick addressed the incident saying, "I don't condone what happened to my fan George after my show in any type of way, I expressed to him and his mama how sorry and concerned I was that it happened to him, multiple times before anything was even posted or on the internet."

"I sent his mama my number instantly the night it happened. I was even gone make a post to try to find out who he was before his mama text me. I cant [sic] control another grown man actions, I ain't know that was gone happen, and I was mad when it happened. I tried to stop it as u can see in the video, and if somebody got the longer video you can see how mad I was, I love and appreciate all my fans and don't condone in what happened at all dat sh*t ain't gangsta or cool in no type of way," the statement added.

Newsweek reached out to the Federalist Society, where Coulter is a contributor, for comment.

Some X users criticized Coulter following her post, such as user @ijbolzzn who said, "white people will never fail to turn a serious issue around to demonize and be racist to black people you are all so annoying the people who did that to him are horrible people it has nothing to do with their race or rap."

Similarly, X user @metal_gear88 said, "Why would you not warn all kids?"

Newsweek is committed to challenging conventional wisdom and finding connections in the search for common ground.

Newsweek is committed to challenging conventional wisdom and finding connections in the search for common ground.

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Ann Coulter Warns White Kids Not to Listen to Rap Music - Newsweek

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Terrorists, hackers, drug dealers and pedophiles meet the customers of the worlds largest crypto exchange, said Allyson Versprille and David Voreacos in Bloomberg. Binance "turned a blind eye" to a staggering number of criminal failures, prosecutors said last week in announcing the exchanges $4.3 billion guilty plea on money-laundering charges. Regulators found chats from Binances own compliance chief joking about the exchange "being used to funnel money to Hamas." Bitcoin transactions were commonplace among other terror organizations, including al Qaida and ISIS. Millions of transactions were conducted by people living in Iran, Syria and Cuba, in violation of U.S. sanctions. More than $100 million sat in Binance wallets traced to a Russian darknet marketplace that "sold hacking software, fake IDs and illegal drugs." And more than 1,000 transactions took place involving three marketplaces that dealt in child pornography. As part of the settlement, chief executive Changpeng Zhao agreed to step down and pay a $50 million fine.

Another week, another crypto titan goes down, said James Mackintosh in The Wall Street Journal. Less than a month after FTX leader Sam Bankman-Fried was convicted of fraud, Zhao, the richest man in crypto, pleads guilty to money laundering. The twin kill shots by the Justice Department bolster the argument that "the two main use cases" for crypto are "fraud and crime." Now Bitcoin seems primed for an "inevitable collapse in value." Binance still got off too easy, said Thomas P. Vartanian in The Hill. An organization that evades anti-money-laundering laws is enabling crimes. If it were a bank, "its FDIC deposit insurance may have been terminated, its charter revoked and its doors shuttered." Anyone in management with any involvement in such a scheme should be facing jail time and never be permitted to work in the financial industry again. Its time to stop quibbling over regulatory action. "If they look like a bank, swim like a security and quack like an exchange, they should be regulated like them."

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This is not the end for crypto, said Gillian Tett in the Financial Times. But things will probably be different moving forward. Part of cryptos anti-establishment appeal was that it was "widely viewed as anonymous." Thats clearly not the case anymore the Binance court documents "describe transactions with Iran," for instance, in vivid detail. A cleaned-up and supervised crypto industry "will make libertarians squeal," but the reform will allow it to be "slowly absorbed into the financial establishment." Binances pleading guilty and giving in to "Uncle Sam is a watershed moment," said Henry Farrell and Abraham Newman in The Wall Street Journal. The $4.3 billion penalty is an attention-grabber, but a monitoring agreement as part of the settlement "is arguably even more important." It stipulates that Binance must create "a truly effective anti-money-laundering system." Businesses that want to work with Binance will need to be just as vigilant. The platform will transform "from a scofflaw into a watcher and enforcer on the U.S. governments behalf." That alone "redefines the relationship between government and crypto."

This article was first published in the latest issue of The Week magazine. If you want to read more like it, you can try six risk-free issues of the magazine here.

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Binance: Can the biggest crypto exchange reform itself? - The Week

Binance has launched a surprise crypto airdrop tied to its Web3 wallet usage before the new year. Traders completing a single wallet swap enter drawings for prizes ranging from 1 Shiba Inu to 1 BTC.

The largest cryptocurrency exchange announced the airdrop campaign via X on Tuesday.Binance will airdrop $500,000 in Bitcoin and altcoins to people using its Web3 Wallet.

Key Details:

The company didnt provide many details except for the New Years Eve deadline. Users can win a full bitcoin, depending on the airdrops terms and conditions.

Read more: City Of Lugano Now Accepts Bitcoin And Tether For Tax Payments

Binance first stoked anticipation for the crypto airdrop on December 3rd by tweeting a smartphone swap and airdrop emoji. Intriguingly, the tweet included the word soon, leaving the community in suspense and speculating about a potential major announcement.

The airdrop promo aims to drive the adoption of Binances non-custodial wallet, allowing asset control using private keys. The exchange announced the giveaway, which was one of the first ones, following a hectic month of November. In addition, the exchange also launched the Web3 wallet on November 8, pushing self-custody.

Read more:Coinbase NFT And OpenSea Address Web3 Vulnerability Alert From Thirdweb

November witnessed a drastic change for Binance, as the exchange was asked to pay $4.3 billion for a legal settlement. To everyones surprise, the exchanges founder and CEO, Changpeng Zhao, also stepped down. Following his departure, Richard Teng took over the throne as CEO.

In one of the most recent announcements, the exchange also announced zero-fee trading for six FDUSD spot and margin trading pairs. These include BNB/FDUSD, DOGE/FDUSD, ETH/FDUSD, LINK/FDUSD, SOL/FDUSD, and XRP/FDUSD.

Milk Road Writer

Vignesh has been a seasoned professional in the crypto space since 2017. He has been writing for over 5 years and specializes in writing and editing various types of crypto content, including news articles, long-form pieces, and blog posts, all focused on sharing the beauty of blockchain and crypto.

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Binance Announces Mystery Airdrop With Exciting Rewards - Milk Road

A senior commissioner at the Commodity Futures Trading Commission (CFTC) stated that its unlikely well see a penalty brought against a crypto firm that can exceed the $4.3 billion in fines that Binance agreed to pay.

CFTC commissioner Kristin Johnson told the audience at a recent crypto summit that she hopes the landmark case against Binance will really be a bit of a cautionary tale. The commissioner added that Binances penalties established guardrails to bring order and structure to the market, Reuters reports.

My hope would be that we have seen a spike, and what we will see going forward is that these early cases will really be a bit of a cautionary tale for those firms that really do want to successfully operate in this ecosystem, Johnson said.

At the same summit, Johnson added that Binances penalties were heightened because the crypto exchange had been warned plenty of times before that it must comply with regulations.

Read more: Top Binance exec Noah Perlmans ties to Epstein, Moonstone, and Gemini

The commissioner added that the settlement of the case did not involve any allegation of fraud or similar misconduct. These sentiments are echoed by Binance chief Changpeng Zhao, who controversially posted that in our resolutions with US agencies they do not allege that Binance misappropriated any user funds, and do not allege that Binance engaged in any market manipulation.

That said, Johnson added that the CFTC is deep and careful in its preparation before deciding civil penalties. Binances penalties were mostly heightened because the CFTC has publicly reiterated several times that it needs to comply, and it still failed to.

Binances $4.3 billion penalty marked the largest settlement to be reached with a crypto firm, and simultaneously settled several cases with other US agencies. However, it didnt get rid of the Securities and Exchange Commissions (SEC) lawsuit against Binance, which claims that the exchange and CZ engaged in massive wash-trading.

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Binance's $4.3B penalty hard to beat, CFTC senior official says - Protos

A significant analyst who predicted the rise of Binance (BNB) and Polygon (MATIC) recently focused on a new altcoin poised to bring the same returns. Many experts believe that it could be the next 100x token. Today, we will look at all three of these tokens and find out what makes this newcomer so appealing.

Despite bullish Binance (BNB) price predictions from AMBCrypto, it faces significant hurdles in achieving the $506 valuation by 2024. The present market dynamics suggest that reaching this target might prove challenging. Currently valued at $228, the Binance Coin price would need to experience a considerable surge of 121% increase to touch the forecasted value.

A closer look at the numbers reveals that for Binance to reach the projected $506, its market cap must catapult from the current $34B to $76B. This monumental leap in valuation is a daunting task, especially considering the ongoing market fluctuations and challenges.

Adding to the complexities, Binances recent announcement about the termination of support for its BUSD stablecoin by December 15th has caused a stir within the crypto community. Despite assurances of continued redemption until February 2024, traders are exploring alternative tokens amidst these changes.

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Binance and Polygon face challenges as their high market cap hinders them from reaching their full potential. This is because they require a major influx of new funds for their values to rise. On the other hand, tokens with low market caps do not have these problems. A crypto expert has taken notice of one such coin Pullix ($PLX).

This project will introduce the worlds first hybrid DeFi exchange that will enable the trading of all assets in one place and complete privacy (no KYC checks). Its mission is to give back to the community. So, if you hold the $PLX native token, you will receive a percentage of the daily revenues generated by the exchange an excellent passive income opportunity.

The master traders optimistic outlook on Pullix stems from its low value and market cap. Since it is now in its presale run, it costs only $0.04 and has a market cap of $8M. This valuation means it can experience price growth much faster than Binance and Polygon as fewer new funds are needed.

He also pointed out that Pullix has ties to the OTC derivatives market, which is valued at $20.7T in 2022. Because of this, the analyst predicts a 1,000% pump for $PLX before its presale ends.

Similarly, AMBCrypto posted a Polygon price prediction, with the token reaching $1.61 in 2024. The current price of $0.78 suggests a substantial 106% surge would be necessary to hit this target. Its worth noting that since April 2022, Polygon has yet to breach the $1.60 mark, indicating historical challenges in reaching such heights.

The formidable hurdle lies in the market cap, which currently stands at $7B. To reach the $1.61 valuation, Polygons market cap would need to reach $14B. Such a significant leap in valuation might prove challenging within the speculated timeframe, considering the volatile nature of the crypto market.

The recent Polygon price performance showed a 2.30% increase from November 30th to December 1st. This rise came after an X post by Captain Faibik claiming this as the final opportunity before an impending bull run. However, traders are redirecting their attention toward alternative projects with perceived greater potential for substantial growth.

For more information on the Pullix presale, visit the the following links:

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basics opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Master Trader, Who Nailed Binance (BNB) And Polygon (MATIC) Price Predictions, Unveils The Next 100X Altcoin Gem - The Crypto Basic