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In brief A solo miner earned 3.146 Bitcoin worth $266,000. The mined block contained 1,351 transactions. An onlooker suggested the individual used a Bitaxe Gamma, an affordable, hobbyist mining rig. A solo miner earned about 3.15 Bitcoin for mining the network’s 924,569th block on Friday, securing $266,000 worth of the asset, despite only having a sliver of a chance.The individual, who onlookers believe was using a machine that’s designed for hobbyists, had a less than 1 in 100,000 chance per day of earning the reward, according to data from CKPool, a website that provides resources for people to mine Bitcoin…

In brief Cardano’s blockchain split into two ledgers on Friday after a malformed transaction triggered a validation flaw. A user on X claiming responsibility said he was trying to reproduce the transaction and acted negligently. Intersect urged operators to upgrade software and said no user funds were lost during the incident. The price of Cardano (ADA) was down on Friday after the blockchain suffered an unexpected chain split, which was caused by a malformed delegation transaction that triggered a software flaw. That created problems for Cardano users, and prompted a public apology from the user who claimed that they caused…

Bitcoiners were noticeably more upbeat on social media today as the odds of a US Federal Reserve rate cut in December nearly doubled compared to just a day earlier.Some crypto market participants are speculating that this could be the catalyst Bitcoin (BTC) needs to halt the asset’s downward trend.“Let’s see if that’s enough to find a bottom here for now,” crypto analyst Moritz said in an X post on Friday, as Bitcoin’s price trades at $85,071, down 10.11% over the past seven days, according to CoinMarketCap.On Friday, the odds of an interest rate cut at the December Federal Open Market…

While many crypto market participants are debating what it might take to trigger a significant Bitcoin daily candle, ProCap chief investment officer Jeff Park has narrowed it down to one key catalyst.“A black swan event for Bitcoin upside would be sovereign adoption,” Park said during a podcast interview published to YouTube on Thursday.“If there was, for some reason, all of a sudden, news that a major developed market, OECD country, was going to buy Bitcoin on the balance sheet, and actually do it,” Park explained.Jeff Park says, “It would have to be real”Park said such an announcement could potentially push…

Despite a flurry of XRP spot ETFs, 26.5 billion XRP remain unprofitable. Ripple (XRP) has witnessed tremendous pressure amidst the recent market-wide meltdown. The crypto asset fell by more than 11% over the past week as a result, and briefly touched the lows of $2.10 before stabilizing near the press time price of $2.20. Data now suggests that nearly half of the XRP supply sits in loss, indicating late buyers face a high risk. Fragile XRP Market Glassnode’s latest data shows that only 58.5% of XRP is currently in profit. This is the lowest level since November 2024, when the…

The US government is unlikely to start accumulating Bitcoin for its strategic reserve until other nations make the first move, says crypto entrepreneur Mike Alfred.Alfred said in a podcast published on Tuesday that the US government will start putting Bitcoin (BTC) into its reserve created earlier this year “when there is enough pressure externally.” “Once the US government recognizes that others are taking action before them, that’ll probably catalyze additional action in the future,” he said, adding that the timeline for the US government’s action is up in the air. Mike Alfred speaking on the Coin Stories podcast released on Tuesday.…

Large Bitcoin holders have increased their positions to a four-month high of 1,384 wallets holding at least 1,000 BTC. At the same time, retail investors with 1 BTC or less dropped to an annual low of 977,420. This divergence highlights a recurring pattern: experienced whales accumulate during downturns, while smaller holders exit in fear.Whale Accumulation Accelerates During Market CorrectionAccording to Glassnode data, wallets holding at least 1,000 BTC rose to 1,384 this week from 1,354 three weeks ago—a 2.2% increase. This count is the highest for large holder wallets in four months, suggesting renewed confidence among institutional and high-net-worth investors…

A recent comment from crypto analyst CryptoTank has brought attention to a long-standing misconception about the size of the XRP community. His post focused on the widely quoted figure of seven million XRP wallets and explained why this number does not represent the number of real holders.  The clarification arrives at a time when XRP is now positioned to start to receive institutional inflows from the recently launched Canary Spot XRP ETF. Related Reading Why Wallet Count Does Not Equal Holder Count CryptoTank noted that nearly 7 million wallets holding XRP does not translate to millions of people owning the…

Option traders are getting a dose of gains today on upside positions in Merck (MRK). On Nov. 7, Market Rebellion’s Unusual Option Activity Service identified significant bullish call buying, with 6,000 14November 90 calls bought in mostly one order for $0.13-$0.14 above the existing open interest of 423 contracts, with MRK shares trading at $85.82-$85.95. Those 14November 90 calls traded as high as $4.56 today with the stock at $94.53, delivering extraordinary returns of approximately 3277.78% from the initial midpoint entry price of $0.135. Meanwhile, MRK shares gained approximately 10.06% from their initial midpoint trading level around $85.89, demonstrating how options can deliver…

Bitcoin has dropped below $100,000 for the second time in a week, losing 12% in a month. The overall crypto market has lost over $700 billion in the past month, as the Fear and Greed Index has fallen to ‘extreme fear’. So, do all of these market indicators signal a bear market? Let’s analyze the technical and historical data. Sentiment Signals Are at Bear-Market LevelsThe Fear & Greed Index at 10 reflects extreme fear comparable to early 2022 and June 2022, both confirmed bear-market phases. Yesterday: 16 Last week: 20 Last month: 28 Sponsored SponsoredThe trend shows accelerating fear, not stabilizing sentiment.…