Cryptocurrency market capitalization surged 7.2% in early December. Altcoins have dominated the crypto market surge since November 2024. Analysts expect more altcoins to surge amid growing bullish momentum. TradingView’s data reveals the cryptocurrency market capitalization surged 7.2% a few days into December to reach $3.49 trillion, marking a record for the all-important crypto metric. The recent December surge reflects the continuation of a massive rally that started after the crucial cryptocurrency metric bounced off significant support in August. According to TradingView’s data, the cryptocurrency market cap bounced off $1.69 trillion after a 6-month decline and rallied 107% to reach a new all-time high. The crypto metric’s rally signifies a capital influx amid growing demand for digital assets. It is worth noting that the crypto market gained $1.21 trillion in November alone, making it the most bullish month in the history of cryptocurrencies. Last November’s bull run started with a notable Bitcoin rally trailing Donald Trump’s victory in the recent U.S. presidential election. The price surge saw the pioneer cryptocurrency gain about 50% in… The post Bitcoin Slows, Altcoins Shine: Crypto Hits $3.49 Trillion Market Cap appeared first on Coin Edition .

2024-12-03 19:10

SUI targets $4.20 after breakout, with support at $3.34 and $3.02 holding strong. Solana eyes $309.63 after retracing, with key support at $222.65 to sustain momentum. SUI’s RSI nears overbought while Solana consolidates for a possible bullish rebound. SUI and Solana are two key contenders in the altcoin rally expected in 2025. Both tokens have unique strengths, but their recent performances and market dynamics show contrasting trajectories. SUI, for instance, has short-term momentum. Its price went up 14.66% in the last 24 hours and 17% over the week, reaching $3.72. Its market cap is now $10.88 billion, a 14.61% increase. Also, trading volume went up 46.58% to $1.63 billion. On the other hand, Solana is a more mature altcoin. Even though its price fell 0.41% over the past day, Solana is still a market heavyweight with a $107.10 billion market cap and a trading volume of $6.46 billion, up 20.22% in 24 hours. SUI Breaks Out SUI’s chart shows a bullish trajectory, moving from one pennant flag pattern to another. Initially, the token was in a pennant flag, consolidating after a sharp rally before breaking out and surging 96.59%. Then, a second pennant … The post SUI’s Breakout vs Solana’s Stability: Who Wins in 2025? appeared first on Coin Edition .

2024-12-03 18:20

President-elect Trump’s pick to replace SEC Chair Gary Gensler may be announced on Wednesday, December 4. Pro-crypto candidates, including Paul Atkins and Dan Gallagher, are leading contenders for the role. The crypto industry expects clearer regulation under the new SEC leadership. Fox Business correspondent Eleanor Terrett reported that President-elect Donald Trump plans to announce his pick to replace Gary Gensler as Chair of the U.S. Securities and Exchange Commission (SEC) tomorrow, December 4, 2024. This announcement is highly anticipated within the crypto community, as Gensler’s tenure at the SEC has been contentious. His approach, often seen as aggressive, has included filing lawsuits against major crypto players. Notably, Gensler announced his resignation last week, which will take effect on January 25. Trump’s pick for the new SEC Chair is closely watched by both financial markets and the crypto community. The move is expected to reshape the regulatory landscape, offering clearer guidelines for the crypto industry. Notably, Trump promised to appoint a pro-crypto SEC chairman. Who Could Be the Next SEC Chair? Several names have been flo… The post SEC Chair Watch: Trump to Name Gensler’s Replacement December 4 appeared first on Coin Edition .

2024-12-03 17:30

David Schwartz has refuted Justin Bons’ XRP centralization allegation. Schwartz accused Bons of focusing on irrelevant matters. The Ripple CTO says the validators’ influence on XRP is limited. Ripple CTO David Schwartz refuted accusations from Cyber Capital founder Justin Bons. Bons alleged Ripple misled retail investors by not being truthful about XRP’s decentralization. He said the Ripple Foundation has total control over the network, making it centralized and permissioned. https://twitter.com/JoelKatz/status/1863810142040408508 Bons made his accusations in a long thread of posts on X. He pointed out parts of XRPL’s documentation and other things he thinks are important to the blockchain project’s identity. Bons said Ripple claimed XRP was more decentralized than BTC and ETH, even though it uses a Proof-of-Authority (PoA) consensus algorithm. Read also: ‘XRP Is Centralized’: Claims El Salvador President’s Bitcoin Advisor Schwartz Responds to the Accusations Schwartz refuted Bons’ claims, noting the Cyber Capital founder was focused on irrelevant details. For example, Schwartz explained that the network does not compensate valid… The post Ripple CTO Defends XRP: Slams Critics for Focusing on Trivialities appeared first on Coin Edition .

2024-12-03 16:40

Coinbase CEO Brian Armstrong has cut ties with law firm Milbank. Milbank hired SEC’s Enforcement Division’s Director Gurbir Grewal. Armstrong asked crypto firms to not hire seniors at SEC. Brian Armstrong, CEO of Coinbase, criticized law firms hiring former Biden administration officials who enforced stringent regulations on the crypto market. Armstrong announced that Coinbase would end relationships with any legal partners employing such individuals. His remarks followed Gurbir S. Grewal’s move to Milbank’s Litigation and Arbitration Group. Grewal, a former SEC Enforcement Division director, played a significant role in actions against crypto firms, including Coinbase. Grewal oversaw numerous enforcement actions during his SEC tenure, earning a reputation for targeting crypto companies. Armstrong stated that law firms hiring individuals tied to these enforcement measures show disregard for the crypto industry’s concerns. He emphasized that Coinbase will not support firms that “put money into the pockets of those who worked to harm crypto.” Read also: Marc Andreessen and Ben Armstrong Allege Democratic Plot Against Tech and Crypto The Coinbase… The post Coinbase Ends Ties With Firms Hiring Biden Administration Alumni appeared first on Coin Edition .

2024-12-03 15:37

Whale’s 31x return on PEPE signals significant market interest and potential growth. PEPE’s current price recovery suggests a volatile but upward market trend. 2024 price predictions show PEPE could reach up to $0.0000457, with strong growth. A Pepe Coin (PEPE) whale just deposited 356.2 billion PEPE tokens—worth $7.3 million—to Kraken. This whale was able to make a 31x return on their initial investment. Spotonchain data shows that on September 20, 2023, the same whale withdrew 375.65 billion PEPE tokens from Gemini. Back then, these were valued at only $237,000. Now, the whale is selling tokens on platforms like Kraken and decentralized exchanges (DEX). The total cash-out is $7.54 million. A whale just deposited 356.2B $PEPE ($7.3M) to #Kraken , securing a massive $7.3M profit (31x return)! On Sep 20, 2023, this whale withdrew 375.65B $PEPE from #Gemini for just $237K. By Feb 17, 2024, the whale began offloading via DEX and Kraken, allegedly cashing out $7.54M in… pic.twitter.com/Rs017Hy65t — Spot On Chain (@spotonchain) December 3, 2024 PEPE Price and Market Activity The current price of PEPE stands at $0.000002098 , reflecting a modest 0.39% i… The post PEPE Whale Earns 31x Profit—What’s Next for the Token’s Price? appeared first on Coin Edition .

2024-12-03 14:10

XRPL network stability enhanced through Rippled 2.3.0 update after node disruptions. Caching layer bug identified as cause of missing ledger and network transaction halt. RippleX to release a detailed root cause analysis after December 12 to mitigate risks. The XRP Ledger (XRPL) went down briefly on November 25, 2024. This stopped transaction processing for about 10 minutes. RippleX has since urged validators and node operators to upgrade their networks to the latest version, Rippled 2.3.0. This will make the network more stable and prevent similar problems. The network issue happened at around 13:39 UTC. Several XRPL nodes crashed and restarted, including Full History, Current Ledger, Pathfinding, and Submission nodes. What Caused the Disruption? During the instability, XRPL’s consensus mechanism focused on safety over progress, which delayed transaction processing. The network started working normally again at 13:49 UTC. No funds were lost, but new transactions were paused. Read also: RippleX Overhauls XRPL Testnet, To Enhance Stability The issue came from a missing ledger segment, which stopped Ripple’s network and Full History servers. This … The post XRP Ledger Down for 10 Minutes: Ripple Reacts Quickly appeared first on Coin Edition .

2024-12-03 13:40

TTX targets $0.30 as Justin Sun’s bold claim sparks comparisons with XRP’s recent 400% surge. TRX shows bullish patterns with technical indicators signaling a possible breakout above $0.225. XRP inspires TRX’s momentum as parallels emerge in market trends and investor sentiment. Justin Sun, founder of TRON , hinted at a bright future for TRX, comparing it to XRP’s market performance. His statement, “TRX, the next XRP,” became a trending topic among crypto investors on X. Supporters marked this off as a positive long-term prediction. Skeptics, however, feel it may be a move to boost TRX’s visibility. X user PC PR1NCIPAL argued that TRX lacks the buying conviction for sustained rallies. The user pointed out the absence of a major investor with enough liquidity to execute consistent high-volume trades. This comes as XRP experiences renewed interest, driven by legal victories and growing adoption in cross-border payments. I dont know if TRX can perform like XRP because nobody is buying it with extreme conviction and commitment. We would need someone with billions of dollars liquid cash to run a giant twap 24/7 on Binance for weeks with minimal d… The post Justin Sun Calls TRX the Next XRP—Can TRON Match XRP’s Growth? appeared first on Coin Edition .

2024-12-03 13:22

The court rejected Elon Musk’s $56 billion compensation package for the second time. The judge stated that Tesla’s board of directors was unduly influenced to accept the massive payment. Tesla reveals its decision to appeal the court order, addressing the decision wrong. A judge has rejected Elon Musk’s $56 billion compensation package for a second time. This is despite Tesla shareholders voting to reinstate it in June. Judge Kathaleen McCormick blocked the plan, saying Tesla’s board of directors was pressured to accept the massive payment because of Musk’s influence. This package is now worth $101 billion, based on Tesla’s closing share price Monday. This is a record-breaking pay package for Musk as Tesla’s CEO. Musk is also known for being a Dogecoin (DOGE) advocate. Through a December 3rd, X post (formerly Twitter), Tesla said the court went against what most shareholders wanted. Shareholders voted twice to give Musk the compensation. Tesla said the court’s decision was wrong and it plans to appeal. Tesla argued that if the ruling is not changed, it would show that judges and lawyers have all the power over Delaware-based companies, taking away … The post Court Rejects Musk’s $101B Tesla Pay Package (Again)—DOGE Takes a 3% Dip appeared first on Coin Edition .

2024-12-03 13:10