CoinGlass's Altcoin Season Index has climbed to 58, indicating increasing capital flow from Bitcoin to altcoins, though not yet confirming a full altcoin season which requires a reading above 75. Bitcoin dominance has fluctuated between 54% and 58%, showing some volatility as altcoins gain market share, especially in yield-bearing tokens and the Solana ecosystem. Institutional interest in altcoins like Ether, Solana, and XRP is rising, but the rotation is selective rather than broad-based. The market awaits further Bitcoin dominance decline to confirm a genuine altcoin season.
Micron Technology's CEO revealed customers have committed $22 billion in cash deposits on take-or-pay contracts, with demand exceeding supply by 50%. The company reported strong Q3 results with $41.46 billion revenue and expects $50 billion in Q4. De...
US-Canada trade negotiations have collapsed amid US concerns that China-made steel and aluminum could enter the US market through Canada via transshipment. The US wants Canada to adopt stricter measures to prevent foreign steel from entering North Am...
LayerZero's ZRO token surged 14.42% to around $1.16, approaching a key resistance at $1.20, supported by a 15.46% rise in trading volume to $115.9 million. The price rally was backed by increased derivatives open interest, up 15.75% to $126.33 millio...
Peter Schiff argues that the rise of artificial intelligence (AI) poses a threat to Bitcoin rather than benefiting it. He believes AI and Bitcoin compete for speculative investment capital and resources like electricity and data centers. More critica...
The Dutch Data Protection Authority has fined Uber €825 million for deactivating driver accounts using an automated system without adequate human oversight, marking the second largest penalty under the EU's GDPR. The regulator found Uber committed se...
