Day: January 26, 2025
Altcoin Season Index Surges to 48, Bitcoin’s Reign Continues
The Altcoin Season Index, a key metric tracked by CoinMarketCap, measures the performance of the top 100 cryptocurrencies (excluding stablecoins) against Bitcoin over the past 90 days. Recently, this index climbed four points to reach 48. However, despite this increase, the market remains firmly in Bitcoin Season. To officially transition into Altcoin Season, at least
X Debt: Morgan Stanley and Banks Prepare to Sell
Morgan Stanley, along with several leading banks, is preparing to sell $3 billion in debt related to Elon Musk’s acquisition of the social media platform X, formerly known as Twitter. This strategic move aims to manage financial portfolios and optimize capital structures. Moreover, it reflects the banks’ proactive approach in navigating the complexities of the
Litecoin (LTC) price surges 25% following Grayscale’s spot ETF application
Litecoin (LTC) has experienced a remarkable 25% price increase this week. This surge follows the announcement of Grayscale’s application for a spot Litecoin ETF. As a result, institutional investors have shown significant interest, validating the strategies of long-term holders (LTHs). This development also provides a buffer against market fluctuations. The Impact of Long-Term Holders Long-term
PayPal Fined $2 Million for Cybersecurity Lapses Exposing Customer Data
PayPal has been fined $2 million by New York State’s Department of Financial Services (NYDFS) for failing to protect customers’ personal information. This includes Social Security numbers due to inadequate cybersecurity measures. The NYDFS announced the fine on Thursday after an investigation revealed significant shortcomings in PayPal’s cybersecurity practices. Specifically, these failures left sensitive data—such